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CLSK a lesson in supply and demandObserve this chart. You will note how powerful weekly supply and demand zones can be. Strong buying came in in the green box (demand). Strong selling arrived in the red box (supply). These are some of my favorite strategies for my most preferred setups which are multi-week/month. I would not be surprised to see a test back into the demand zone on this diltuted stock. Bitcoin bulls are simply buying the ETF and better proxies these days including MSTR, HOOD, COIN, and IBIT.
NASDAQ:CLSK
by Apollo_21mil
You see head and shoulders breakdown, I see quick $$Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real. Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me. I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though. Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:HIVELong
by redwingcoach
2
JPM Bullish Breakout? JPMorgan Trend & Seasonal Insights In this video, we analyze JPM, JP Morgan Chase, which is currently exhibiting a strong bullish trend on the daily timeframe. The stock has consistently retraced to 50% of its previous price swings. Adding a seasonality perspective, we observe a historical pattern where the market tends to sell off into December 20th before rallying through the first or second week of January. My bias remains bullish, with a potential buy at the current price contingent on a break of structure. Please note, this is not financial advice.
NYSE:JPMLong
by fxtraderanthony
SATL: Triangle Pattern - Monday’s Key Levels!📊 Description: SATL is consolidating within a symmetrical triangle pattern, signaling a potential breakout or breakdown. Key levels to watch: Breakout Above: $4.05 (upside potential to $5.48) Breakdown Below: $2.50 (downside risk to $2.30) Volume and momentum will be critical to confirm the move. Monday could set the tone for the next major trend. Keep an eye on price action at the yellow support/resistance zone! Chart Importance:** Symmetrical triangles highlight periods of consolidation, offering clear breakout or breakdown opportunities. Conclusion:** Monday’s price action will likely determine SATL's next major trend—stay prepared for volatility! 🚀 📈 What’s your strategy for SATL? Let’s discuss below! 💬
NASDAQ:SATLLong
by Xeeshan79
Ready to Rumble?Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump, which has caused an internet storm about this very topic, let's analyse Rumble to see if it's a worthy trade. The technicals suggest a megaphone pattern, which has higher probability of breaking to the upside. We remain below weekly moving averages but the compression suggests we could get a bullish move above this resistance and attempt to break the descending wedge pattern. There is not a lot of historical data on the chart but one can deduce the short term trend is bullish but we must remain cautious due to the larger time frame downtrend. Fundamentals Analysis The company went public in September 2022. Since then, Rumble has seen fluctuating stock performance with growth tied to political events and figures like JD Vance, who are vocal about censorship issues. Its growth projections are optimistic, supported by revenue initiatives like the Rumble Ad Center and new features such as livestreaming, which are expected to drive sequential revenue growth. However, Rumble's revenue figures have sometimes fallen short of analyst expectations, indicating ongoing monetization challenges. Rumble has gained support from figures like JD Vance, who has been outspoken about censorship issues. Vance's endorsement bolsters Rumble's position as a platform for free speech, appealing to those critical of mainstream tech censorship. Vance, as a political figure central to discussions around censorship, indirectly lends credibility and visibility to Rumble, potentially encouraging other users who are seeking a less regulated platform to join. This aligns with Rumble's unique market positioning and could fuel further growth, especially in a contentious election period. Conclusion The technicals indicate a recent uptrend may continue. My only concern would be the earnings report, growth hasn’t been the best of late so it may take a little while longer for their narrative to play out. But it’s a very pertinent narrative in the current political debate. Combined with Rumble's rising user base and expanding content the platform's relevance in the current political landscape, suggesting a bullish outlook for user and revenue growth over the next few quarters. If this topic becomes a hot topic and YouTube are put under pressure, we could get some bullish momentum behind this stock. Not financial advise.
NASDAQ:RUMLong
by NoFOMO_
5
Tesla (TSLA) Breakdown Alert: Bearish Momentum Building Monday!Here’s a suggested plan for Monday based on the bearish setup: - **Entry:** Below $423 (confirmation of breakdown and bearish continuation) - **Stop Loss (SL):** Above $450 (to account for false breakouts) - **Target 1 (T1):** $388.96 (first major support level) - **Target 2 (T2):** $358.46 (secondary support level for extended bearish move) Why Chart Matters:** Charts visually represent price action and market sentiment, helping traders identify key trends, support, and resistance levels for informed decisions. Conclusion:** With Tesla breaking critical support, bearish momentum could dominate Monday's session, making risk management and strategic entries crucial.
NASDAQ:TSLAShort
by Xeeshan79
5
Stock Of The Day / 12.20.24 / PSNL12.20.2024 / NASDAQ:PSNL Fundamentals. The second day of growth on the back of $50 million investment from Merck received. Technical analysis. Daily chart: Strong squeeze on a range movement. Strong daily level 7.20, formed by a two-year high is ahead. Premarket: Gap Up on moderate volume. We mark the level 6.50 - the high of the post-trading session of the previous day. Trading session: The price stopped and began to tighten to the level 6.50 after an impulse growth at the opening. Note how the price began to pullback from the level of 6.50, trapping short traders, whose stops will provide us with an impulse movement upon breakout. We are considering a long trade to continue the movement. Trading scenario: #breakout (#tightening) of the level 6.50 Entry: 6.59 aggressive entry upon breakout of the level. Stop: 6.48 we hide it behind the level with a reserve for slippage. Exit: We close the position before the level of 7.20 taking into account that the price has moved 5 ATR (Average True Range). Risk Reward: 1/5
NASDAQ:PSNLLong
by AlexX31
Long IREN - because Christmas is almost here.Uptrend is still intact and my algo says "buy" so that's what I'm gonna do. It hasn't let me down yet with IREN. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:IRENLong
by redwingcoach
1
Facebook ($META) - Potential Long Setup HereOverview: META Platforms Inc. has been at the forefront of reshaping digital interaction through its investments in the metaverse, artificial intelligence, and its robust ad-tech ecosystem. The recent pullback in price offers a potential buying opportunity, backed by key technical levels and promising fundamentals. Fundamental Analysis: - Metaverse Investment & AI Push META's heavy investment in Reality Labs has been a drag on profitability but signals long-term commitment to innovation. Additionally, META has been leveraging AI to optimize its ad delivery systems, boosting revenue from its core business. - Ad Revenue Growth With improving global macroeconomic conditions and advertisers adapting to new privacy rules (post-IDFA), META's ad revenue is expected to maintain steady growth. The upcoming Q4 earnings will be pivotal in assessing this trend. - Cost Optimization META’s cost-cutting measures, including its recent layoffs, show commitment to operational efficiency, which could improve margins moving forward. Macro Trends: - Interest Rates The Federal Reserve’s dovish stance on interest rates could positively impact growth stocks like META, providing tailwinds to its valuation. Consumer Behavior: With digital ad spending expected to grow in 2024, META remains a beneficiary of the increasing shift to online advertising. Technical Analysis: Key Levels: - Buy Zone: $580.39 - $583.25 (Fibonacci 0.618 - 0.65 retracement). This area has confluence with a prior structural pivot and could act as strong support. - Stop-Loss: $574.65 (below the critical swing low). Targets: - Target 1: $604.29 (Fibonacci 0.382 retracement). - Target 2: $659.40 (Fibonacci -0.236 extension). Wave Count: The Elliott Wave structure suggests that META may be completing a corrective wave (WXY). A reversal in the blue "Buy Zone" could signal the start of a new impulsive wave. Momentum Indicators: Elder Impulse System shows bearish momentum waning, hinting at a potential reversal. RSI (not shown) is also approaching oversold territory, supporting a bounce scenario. Trade Plan: - Entry: $583.25 - Stop-Loss: $574.65 Targets: - Target 1: $604.29 - Target 2: $659.40 Conclusion: META offers a compelling buy opportunity as it consolidates near strong support levels. With its focus on metaverse innovation, AI, and cost optimization, coupled with improving macro conditions, META could see significant upside. However, investors should watch Q4 earnings closely and remain mindful of risks associated with metaverse-related expenditures. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
NASDAQ:METALong
by MrStockWhale
12/20/24 - $BTQQF - I own a small amt at $2, but complicated12/20/24 :: VROCKSTAR :: OTC:BTQQF I own a small amt at $2, but complicated - canadian quantum company focused on near term use cases, including chips (partner of NYSE:TSM one of my favorites) as well as IDX:STRK (starkware - a leading zk L2 on CRYPTOCAP:ETH ). - the CEO seems like a smart guy. i don't get scammy vibes from him - stock simply popped bc quantum is the new "space lasers making salad bots and running on palantir". that being said, a lot of these quantum names (as i've written about under NASDAQ:QUBT recently/ this week as a short)... aren't all that investable - equally, this "company" BTQ isn't really something that will return you big cash anytime soon. if there are perhaps a few thousand quantum researchers globally operating at a high level, BTQ has 30+ employees. - point is, these guys seem well positioned to ride the wave and the stock's market cap is substantially cheaper than the hardware names - which in a sense is cool b/c while i expect BTQ to dilute at this stock price which keeps me from growing size too big (as well as i expect the multi billion caps to correct further lower which could take this sub $1 again)... at that pt i'll ow it again. canadian too (and you can just buy the non OTC ticker if you live in canada as NEO:BTQ ), worth noting, associated w/ waterloo perhaps one of the best quantum labs in the world and with tight ties to NYSE:QBTS (d wave). what do you guys think? V
OTC:BTQQFLong
by VROCKSTAR
4
Tesla - We Will See The Four Digits!Tesla ( NASDAQ:TSLA ) is finally creating an all time high: Click chart above to see the detailed analysis👆🏻 After waiting for over four years, Tesla finally created a new all time high and with that, Tesla is also starting the next major parabolic rally. The triangle breakout which happened a couple of months ago was just the required technical catalyst, and now all things are simply very bullish. Levels to watch: $500, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
32
MICROSTRATEGY: Hit the 1D MA50 and bounced, but is it a buy now?MSTR has made a rapid turn from overbought to neutral on its 1D technical outlook (RSI = 48.944, MACD = 14.210, ADX = 17.986) as it reached today a -40% decline from its ATH but eventually hit the 1D MA50 and rebounded. This is the first contact with the 1D MA50 since September 19th. Even though it seems like a strong technical buy opportunity, Microstrategy has had its best buy entries in the last 2 years, under the 1D MA50. As this chart shows there have been 8 such buy signals, so even though the current rebound is tempting, we ideally want to see the price under the 1D MA50 and $300 before issuing a buy signal. Once this is filled, we can target the December 5th High minimum (TP = 400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:MSTR
by InvestingScope
NVDA MAKES TEXTBOOK HEAD & SHOULDERS RETRACEAs the Q's bounce a bit today, NVDA has retraced from a break in the neckline (yesterday) of its current Head & shoulders pattern. The possibility of some float upwards still exists, with a what looks to me to be a likely break back down in the near future, so here are some interesting levels of confluence to consider. Note the correlations in support levels (both diagonal and horizontal), trend lines, a long term parallel channel, a fib retrace, and upper resistance levels. While I a greet that NVDA has a bright long-term future, apparent capital rotation, a decrease in demand (should inflation remain steady or increase), unchanged interest rates, and any economic slowdown may push NVDA's near/short term path downward.
NASDAQ:NVDAShort
by T8terTrader
3
Lucid Group’s Epic Comeback: A Journey Back to Glory?Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with the low of $1.93. Elliott Wave Analysis of Lucid Group The ABC correction highlights a significant retracement, with the C-wave marking the final stage of this bearish structure. The $1.93 low could represent the termination of Wave C, potentially setting the stage for a robust recovery. If this analysis holds, Lucid Group could be poised for a sharp reversal, with an initial target of $13 and a long-term potential to reclaim $60. Fibonacci and Confluence Zones From a technical perspective, the $1.93 level aligns with key Fibonacci extensions, reinforcing its validity as a critical support. This confluence supports the idea that the correction is complete, paving the way for an impulsive upward move. Fundamental Outlook While the technical setup is promising, Lucid’s fundamentals will also play a crucial role in its recovery. As a leading electric vehicle (EV) manufacturer, Lucid is well-positioned in a burgeoning market. Its innovative designs and expanding global footprint make it a company to watch as the EV sector continues to grow. Risk Management and Key Levels Despite the bullish outlook, risk management remains vital. If the $1.93 level is breached, it would invalidate this scenario, signalling further downside risk. For now, this serves as the critical stop-loss level for any bullish positions. Final Thoughts Lucid Group is at a critical juncture. After a prolonged corrective phase, the stock appears ready to rebound, with technical indicators pointing to significant upside potential. Targets of $13 in the short term and $60 in the long term provide compelling opportunities for investors. For traders looking to capitalise on Lucid’s recovery, close attention to key support and resistance levels will be essential. The EV giant may just be gearing up for an electrifying comeback.
NASDAQ:LCID
by VitalDirection