ALNY, LTH & ZETA - The momentum may drive prices to new heights!Alnylam Pharmaceuticals
The stock price has encountered several rejections around the 212 level, leading to subsequent corrections.
After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level.
Consequently, the stock underwent another correction.
Following this, the price entered a consolidation phase, forming a Box pattern for a while.
In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it.
Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume.
Life Time Group Holdings
Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75.
Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop.
During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart.
After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level.
If the stock can hold onto this level, we might see even more upward momentum in the days ahead.
Zeta Global Holdings
The stock price had been consolidating within a Box Pattern before breaking free.
Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows.
Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist.
Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.
Usstocks
U.S. Stocks' foreseeable goalsThe most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇
As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak.
In addition, let's look at a chart of the NASDAQ:NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks.
Consideration of this index is additionally interesting because most institutional managers consider BINANCE:BTCUSDT to be in the technology sector, so NASDAQ:NDX and BINANCE:BTCUSDT is often correlated.
First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇
In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73).
More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇
It is very interesting that now on NASDAQ:NDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42.
By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt of CME:BTC1! to close the CME GEP at the level of $57,805👇
The US index has been declining for three weeks. What's ahead?S&P 500
After the Cup & Handle pattern breakout, the market surged to nearly 5,670, setting a new record high.
Since then, the index has been on a downward trend for the last three weeks, forming the Three Black Crows chart pattern, signaling a bearish outlook.
With the current market conditions, it is expected that potential support will be around the 4,400-4,500 level.
Nasdaq 100
The US tech index has experienced a significant increase in momentum and achieved a respectable gain over the last 8-9 months.
However, the index encountered a strong resistance near the 20,700 level, which is its all-time high.
With three consecutive weeks of decline, the index appears to be in a weakened state and may revisit the 15,500-15,600 level for support before rebounding.
BKR & ED: Keep an eye for multiyear breakoutBaker Hughes Company
The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern.
After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern.
Subsequently, the stock entered another period of consolidation, gradually trending upwards.
During this time, an Ascending Triangle pattern formed, and the price has recently achieved a successful breakout.
If it maintains its position above the breakout level, the uptrend is expected to persist.
Consolidated Edison
In the weekly chart, the price initially moved downwards and created a Falling Wedge pattern.
Typically, when this pattern emerges, the price surges higher following the breakout.
In this case, the price indeed soared to its record high around the 102 mark post-breakout.
However, the stock couldn't sustain the upward momentum and swiftly dropped from the all-time peak.
Subsequently, a consolidation phase began, with the price consistently finding support at the 200 EMA.
At present, the price is poised for a breakout, potentially leading to an upward rally upon confirmation.
US Banks & Financial Sectors are ready for another fabulous riseNasdaq Banks
The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations.
Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern.
However, once the pattern broke downwards, the bank index experienced a significant decline.
Upon hitting a support level around 2,650, the index established a Double Bottom pattern, signaling a potential trend reversal.
Subsequent to the breakout above the neckline, the bank index began consolidating within a tight range.
Most recently, another breakout has occurred, setting the stage for a potential upward rally.
S&P 500 Financials
After the market crash in 2020, the index fell into an oversold zone and stayed in a period of consolidation within an Ascending Triangle formation.
Following this breakout, the financial index experienced a strong rally to the upside.
However, it struggled to break above the 700 level and began to decline.
Subsequently, the index went through a lengthy consolidation inside a Box formation.
After another breakthrough, the index surged once more and created a bullish Pole & Flag pattern.
With a recent breakout, the financial index is poised for another upswing.
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ
After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
Finding stability near the 47 level, the price surged within a Rising Wedge formation.
Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
With two successive breakouts, the stock is currently advancing with strong volume backing.
RTX
We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
Once the pattern broke down, the price dropped back to its previous support zone.
Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
DHI, BX & CG - Charts Suggest a Possible Upward MovementD.R HORTON
After analysing the historical stock price, it is clear that the stock has been on an upward trend.
Following the market crash in March’20, the price began its upward movement.
During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout.
Around the 107 level, the stock faced resistance and started to decline.
However, the stock found support near the 60 level and started to climb again.
During this consolidation phase, an Inverted Head & Shoulder pattern emerged.
After the breakout of this pattern, the stock price consolidated above the breakout zone and recently experienced a new breakout.
It is anticipated that the trend will continue upwards and the price will reach new highs.
BLACKSTONE
After a powerful rally, the stock price experienced a notable correction.
It rebounded from the support around the 72 level.
Following an upward movement, the stock reached its trendline resistance area and faced rejection.
However, instead of dropping, the stock price began consolidating just under the resistance zone.
The stock recently achieved a new breakout.
With the RSI above 60, it suggests bullish sentiments in the market.
CARLYLE GROUP
The stock had been on a strong uptrend, hitting an all-time high at the 60 level.
However, it later plummeted by around 60% from that peak.
Following the drop, the price stabilized at a support level and consolidated for a while.
Now, the price seems poised for another breakout, potentially leading to a new rally.
With the RSI slightly above 60, it suggests bullish sentiments in the market.
PepsiCo _ Next Target is Triangle Pattern TopPepsiCo is forming a Triangle Pattern. The Next Target is the Top of the Triangle. If it doesn't Breakout above the Triangle Pattern (or) Resistance, the market is Expected to move downward again, anticipating a breakout at the bottom of the triangle. If there is a breakout at the bottom of the triangle, the market Expects a 27% fall. Because PepsiCo has been trading within two parallel lines, or a channel, since 2009. Therefore, if it breakout on the bottom side of the triangle pattern, the market could fall to at least the 0.3 Fibonacci Retracement level. Refer to this below image :
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Morgan Stanley _ Chance to Make HUGE PROFIT + 442%.Morgan Stanley Trading within the Rising Channel Pattern and has Breakout the Triangle Pattern. If Breakout above the Resistance level, market significant Bullish Trend then the 1st Target is the Channel Top price around USD 350 or more, depending on the time. And 2nd Target is the Triangle Pattern Target price at USD 572. Offering a Chance to Achieve +442 % of HUGE PROFIT. This is Long-Term Analysis, must follow the Trend Continuation Technique.
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Watch out FDX, ZION and HLNE - Prices are ready to soar!FedEx
The stock price has been following a downward trend within a parallel channel.
After reaching a base near the 145 level, the price started to move in an upward direction.
With the support of a trendline, the stock managed to break through its trendline resistance with strong volume.
As long as the price remained below the 50 EMA, it faced resistance from the 50 EMA. However, once it broke above the EMA, it found support from the 50 EMA multiple times.
The current RSI is above 60, indicating the strength of the buyers.
The MACD line recently crossed over the signal line from below, signalling a bullish sentiment.
Zions Bancorporation
After the Symmetrical Triangle pattern breakout, the price surged and reached a high near the 75 level.
However, the stock failed to sustain the uptrend and dropped to its support zone.
A Head & Shoulder pattern emerged, signalling bearish sentiment.
When the neckline was breached, the price significantly dropped to its previous support level near 22.
The stock then moved up with higher trading volume.
It later formed an Ascending pattern and recently experienced a sharp breakout.
The current RSI is above 60 and trending upwards, indicating buyer strength.
Hamilton Lane
Before, the stock price made an Ascending triangle pattern and after breaking out, the price consolidated before going up.
The stock price encountered a sharp rejection around the 115 level and fell significantly.
Following a substantial consolidation, the stock formed a Cup & Handle pattern.
When this pattern appears on the chart, it typically signals a continuation of the trend.
After the breakout, the stock price is on the rise.
The current RSI is above 60 and the RSI line is also trending upwards, demonstrating the strength of the buyers.