McDonald NYSE:MCD looking at a strong rebound as prices remain supported above 245.00. Bullish engulfing candle suggest that the buying pressure is strong and is likely to comeback.
Is Tesla reversal coming back? Tesla is looking at a potential completion of the double three corrective wave and also, the potential inverted head and shoulder is forming. Given the strong bullish bar, we think Tesla is likely heading for a bullish reversal.
Clear path to bullish stance reversal likely, catalyst goodWith reasonable earnings, a better outlook, and crossover indicators, it seems like this is headed back into triple digits. The pattern formed here is resistance, where bulls do not give up without fighting back to some normalcy.
MU has closed above resistance MU has triggered my second entry with a close above resistance yesterday. My buy order is at 113.87 just above yesterdays high and my stop is at 105.60 just below the gap from 06 Nov. the 8 ema is above the 21 and 2ema is currently above the 89 ema pointing a short and longer term trend change. The angular trend line could also be used for a trailing stop until a better level presents itself. I try to remain flexible within my risk management rules!
INTL closed above resistanceINTL has closed above the 0.382 fib level setting up my second entry along with two continuation gaps. I've placed my Buy order at 26.41, just above yesterdays high and my stop is at 21.36 which is just below the current swing low. INTL has a strong short term trend with the 8 ema above the 21 ema as well as the higher low and higher high. Price is currently in the very large gap of Aug 2024. INTL is a HIGHER risk trade for me based on the previous results. I think they will recover going forward but based on current results and I am underweight on INTL.
If the 21 ema closes above the 89 ema i will look to add in again for the longer term trend.
JPMorgan Chase (JPM) slips 4.2%JPMorgan Chase (JPM) slips 4.2% after Baird analysts downgraded the stock to underperform, urging investors to take profit on the US investment bank due an unattractive risk-reward.
TG Therapeutics (TGTX) Analysis Company Overview: TG Therapeutics NASDAQ:TGTX is a biopharmaceutical company focused on developing and commercializing innovative treatments for B-cell diseases. The company's recent FDA approval of BRIUMVI for relapsing multiple sclerosis (RMS) marks a significant milestone, positioning TG Therapeutics to capitalize on a high-demand therapeutic area.
Key Developments:
FDA Approval of BRIUMVI: The approval of BRIUMVI for relapsing multiple sclerosis opens access to a substantial market, with nearly 1 million individuals in the U.S. affected by RMS. This provides a significant revenue opportunity, with BRIUMVI offering a new treatment option that has shown favorable efficacy, safety, and convenient dosing compared to existing therapies.
Positive Market Reception: CEO Michael S. Weiss has expressed strong confidence in BRIUMVI's potential, noting positive feedback from both healthcare providers and patients. The drug's unique value proposition lies in its twice-yearly dosing, which is more convenient than the monthly or quarterly regimens offered by competitors, enhancing patient compliance and satisfaction.
Pipeline and Future Growth: The successful launch of BRIUMVI is a testament to TG Therapeutics' ability to introduce novel treatments. This sets a strong foundation for future developments in B-cell disease therapies, as the company explores additional indications and expands its pipeline. BRIUMVI's performance in the market could pave the way for further advancements in TG Therapeutics' product offerings.
Investment Outlook: Bullish Outlook: We are bullish on TGTX above the $21.00-$22.00 range, driven by the strong initial reception of BRIUMVI and its potential to capture a significant share of the RMS market. Upside Potential: Our price target for TG Therapeutics is set at $34.00-$35.00, reflecting the expected revenue growth from BRIUMVI and the company's strategic positioning in the biopharma sector.
🚀 TGTX—Leading the Way in B-cell Disease Therapies! #BiopharmaInnovation #MultipleSclerosis #NewTreatmentOptions
RBLX - Are we good this time?RBLX has been here many times, literally 7th time.
If this can break and hold this 47-50 level, this can zoom into 60-70 easily without much resistance.
MRVL -Setting up for a rallyMRVL is consolidating here. Build long position between 64-72 with stop loss 59
Target 1 - 85
Target 2 - 92
Target 3 - 100 (?)
AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis:
Channel Trend:
AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion.
Volume Analysis:
Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal.
Moving Averages:
The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback.
Key Support and Resistance Levels:
Immediate Resistance: $212.25 (Recent high and upper channel boundary)
Support Levels:
First Support: $204.41 (previous breakout level)
Second Support: $200.43 (psychological and strong support zone)
Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate)
MACD Analysis:
MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase.
Price Action Expectation:
Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation.
Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside.
Conclusion:
Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
TSLA Poised for Breakout or Reversal? Key Levels to Watch TomorrTechnical Analysis for TSLA (November 8, 2024)
Tesla has shown strong bullish momentum recently, currently trading near a key resistance level on the 1-hour chart. With the overall market rallying, Tesla may be gearing up for a breakout, but caution is advised due to potential consolidation signs. Let's break down the critical levels and indicators that may help shape tomorrow’s trading plan.
Key Observations:
Trend and Momentum:
TSLA has been on a steady uptrend, with price comfortably above short-term EMAs, indicating bullish sentiment. Both the 15 EMA and 50 EMA are angled upward, reinforcing the positive trend.
Price action shows consolidation just below a critical resistance level, which could signal either a pause before a breakout or a potential reversal if resistance holds.
Important Levels to Watch:
Resistance: The immediate resistance is around $298.90 (current ask level). A breakout above this level, especially with strong volume, could push TSLA toward $300+ and potentially test $323.83, the high of this recent trend channel.
Support: Key support levels to watch are around $290.01 and $273.51. If TSLA fails to break above $298.90 and pulls back, these levels may act as entry points for bulls, especially if buyers step in around $290.
MACD and Volume Analysis:
The MACD is showing signs of slowing momentum, which could hint at possible consolidation or a minor pullback. A bearish crossover on the MACD could signal caution, so keeping an eye on this indicator is essential.
Volume has been relatively high during the recent uptrend, indicating solid participation. However, declining volume near resistance could be a signal of potential exhaustion.
Price Action Strategy:
Bullish Scenario: If TSLA breaks above $298.90 with high volume, it could suggest a continuation toward $310 and $323 levels. Look for a pullback to $290 or the breakout level for safer re-entry if the breakout is confirmed.
Bearish Scenario: A failure to break above $298.90, coupled with a MACD bearish crossover, could indicate a pullback. Support around $290.01 could be a strong area to watch for a potential reversal if sentiment remains bullish.
Suggested Approach:
For Bulls: Look for a high-volume breakout above $298.90, or wait for a pullback to $290 to consider a long position with tighter risk management.
For Bears: Watch for a rejection at $298.90 or a breakdown below $290, which may signal a short-term pullback, allowing entry at lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
Uranium Energy is it right time to buy?Price Levels and Trends
1. Resistance Levels:
$7.70: The price has faced resistance at this level recently.
$7.68: Another resistance point that the price recently touched but failed to break.
2. Support Levels:
$5.83: The current support level, which has held the price from falling further.
$4.35: The next support level, indicating potential support if the price drops below $5.83.
$2.40: A historical support level from previous years.
$0.5792: A very low historical support level, indicating the minimum price over the chart's timeframe.
Trend Analysis
Uptrend Channel : The price is moving within an ascending channel, with higher highs and higher lows. The upper trendline acts as resistance while the lower trendline acts as support.
Current Position : The price recently hit the upper resistance of the channel around $7.68-$7.70 and has retraced to the support level around $5.83.
Indicators
1. Stochastic RSI:
Current Value: The Stochastic RSI is around 62.61, indicating a neutral to slightly overbought condition. This suggests there might be some room for the price to move up before becoming overbought, but caution is warranted.
2. Cumulative Volume Delta (CVD):
Current Value: The CVD is showing a significant negative value (-35.662M), indicating that selling pressure has been dominant. This could mean that despite price increases, sellers have been in control, potentially foreshadowing further price declines or consolidation.
MBLY - Oct 24 Opening Sustainable MomentumTrade idea
Price broke and closed above previous high.
MBLY recently had promising earnings and is tied to Intel that is undergoing a revamp.
This trade also ride the momentum from Trump's election win
There was confluence as we saw Directional alignment across SPX + RUT + INTC + TSLA
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50.
In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66.
With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target.
Follow on X @The_Trading_Mechanic for more electric insights and market strategies!
NYSE:W
The investment case for MBLYMy view is that we have reached a bottom on MBLY forecast is improving. Lower rates should improve car sales and MBLY revenues thus our target for 2025 is 28 USD per share!
MSFT Microsoft 24Hr potterboxMicrosoft is above the cost basis line . or the red line in the middle. If Microsoft opens above $423.71 cost basis it will be going up. It has to break the top of the box in order for it to be a breakout in my opinion. we shall see tomorrow.
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
NASDAQ:LULU
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors.
In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value.
With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value.
NYSE:UA
UWMC looking like a nice entryPretty great correlation on 10 YR treasury and UWMC's performance. I am hoping the Fed's statement today puts a stop to the bounce in rates experienced during the past two months.
I had my alert at $6.10 give the daily has bounced three times off this figure in the past year. Daily MacD looks like it is about to reverse trend along with momentum and RSIs being oversold.
F Ford didnt make past the $11.27 mark Ford did not make it above the $11.27 top of the box. it is still building a base and it will make it back up to the 14 dollar range. I will keep a eye on it. Thanks for the comments i really appreciate it. positive or negative. I just want to make a little spending money. lol
Pivot Point for SA? Bulls Ready to Take Over?If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart.
Earnings is on the 15th so you would want to pay attention to that.
The few areas of potential resistance to take note of are at 18 and 19. If SA gains momentum, I expect some pause or a pull back at 19 or 20.5 to help it gear up to break through to a new ATH.
Short CLShort order on Colgate.
Stock in a downtrend, high on the curve - order is in a strong supply zone
