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Technical Analysis on Visa (V)Visa's stock ( V ) shows a clear long-term uptrend. Following a decline in 2022, it regained its 2021 highs in early 2024, breaking through resistance and continuing its upward trend. The stock reached new highs around the $290 area, then retraced, forming a bullish flag pattern, down to a support area near $250. Currently, it is testing the highs again in the $290 area, reached via a gap up after positive earnings and revenue announcements. If it confirms a breakout above resistance, with a potential retest, the stock could continue its bullish trend.
NYSE:VLong
by Giovanni_Bandini
I see channels everywhere‌:)As always, we start with cycles: HWC = upward trend MWC=range LWC=The trend is downward For long position: 📈For me, I trade with failure I will wait until the resistance of 2.3448 is broken so that I can open a long position Since we have both the DOW confirmation and the breakout channel, I think it would be a good place to position. Another confirmation Pay attention to the reduction in volume during the shedding process For shorts position: I📉 will wait until the support of 1.5996 breaks I will not open before that, I respect the upward trend If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
Technical Analysis on Cloudflare (NET)Cloudflare ( NET ) experienced exponential growth between 2020 and 2021, followed by a sharp decline in 2022. This decline halted around a support level at approximately $40, which has been tested multiple times as a key level. Recently, the stock broke through a significant volume area, also surpassing a key resistance level that had been tested multiple times in the past. Bullish Scenario Currently, it appears to be in a retest phase. If this level can hold as new support, the stock could continue its upward trend, with an initial target around $130. Bearish Scenario If the retest fails, as it did in April 2024, the stock may retrace toward the POC area, located around $60. A move below this key level would increase the likelihood of a further decline toward the critical $40 support, previously tested multiple times, where it could attempt to stabilize once again.
NYSE:NETLong
by Giovanni_Bandini
Nifty 50 Index - Head and Shoulders Pattern with Fibonacci ** Introduction :** The Nifty 50 Index on the NSE has shown a clear head and shoulders pattern on the 1-day time frame, followed by Fibonacci retracement levels drawn on the 4-hour time frame. This combination of technical analysis tools provides valuable insights for traders looking to predict potential price movements. ** Head and Shoulders Pattern: ** The head and shoulders pattern is a reliable indicator of a potential trend reversal. In this case, the pattern suggests a bearish reversal: - **Left Shoulder:** The initial peak before the highest peak (head). - **Head:** The highest peak in the pattern. - **Right Shoulder:** The lower peak after the highest peak (head). The neckline, drawn at the lowest point between the shoulders, acts as a critical support level. A confirmed breakdown below this neckline indicates a strong sell signal. ** Fibonacci Retracement Levels: ** Fibonacci retracement levels help identify potential support and resistance levels where the price might react: - **0.00% at approximately 26,200.00 INR** - **23.60% at approximately 25,600.00 INR** - **38.20% at approximately 25,400.00 INR** - **50.00% at approximately 25,000.00 INR** - **61.80% at approximately 24,600.00 INR** - **78.60% at approximately 24,200.00 INR** - **100.00% at approximately 23,800.00 INR** ** Price Prediction:* * Given the head and shoulders pattern, the Nifty 50 Index is likely to experience a downward trend if the price breaks below the neckline. The Fibonacci retracement levels provide additional support levels where the price might stall or reverse. Traders should watch for key levels such as 25,000.00 INR and 24,600.00 INR. ** Conclusion :** Combining the head and shoulders pattern with Fibonacci retracement levels offers a comprehensive approach to predicting price movements in the Nifty 50 Index. Traders can use these tools to make informed decisions and manage their trades effectively. Proper risk management and position sizing are essential to maximize profits and minimize losses.
NSE:NIFTYShort
by stocktechbot
Is the ape still alive?Long position: There is no special explanation for Long, we just have to consider that we are correcting our big trend📈 Because of this, the drop in volume has decreased We can take a long position by breaking the channel from above And the long position is a little safer, high resistance 1.18 Short position: If it loses the support of 1.013, it can go to the bottom of the channel📉 Also, there is another support space there, so it increases the probability of reaction at that point 😉The important point is that long shadow that I drew a circle around, it actually shows the strength of that area If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
AUD/JPY continue with the UptrendOn AUD/JPY , it's nice to see a strong buying reaction at the price of 100.610. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale