ENPH Break up higher after violatile sectionENPH sweep through zone $72 then push higher now. Solar sector looks bullish
12/17/24 - $qubt - short. no brainer.- momentum is king
- but if you've made money, a/ congrats AF and b/ pay yourself
- of the quantum names i've tracked (you know the usual suspects, only NYSE:IONQ is legit, the others are varying levels of suck but NYSE:QBTS and NASDAQ:RGTI are better than $arqq...) BUT...
- ... NASDAQ:QUBT is basically a goose egg. a donut. a bagel.
- so yeah. funding short.
- and MEGA long NYSE:UBER calls fwiw ;)
be well.
V
Advanced Micro Devices | AMD | Long at $126.00Advanced Micro Devices NASDAQ:AMD may be the sleeping giant in the semiconductor / AI space. While all eyes on NVidia NASDAQ:NVDA , earnings for NASDAQ:AMD grew by 800% over the past year... and are now forecast to grow 40% per year. Any other company would be soaring right now (like NVidia), but that company is getting all the attention. And, to me, this means opportunity for the future. The cashflow is likely to grow tremendously for
NASDAQ:AMD into 2027 and beyond, which may inevitably reward investors with dividends.
From a technical analysis perspective, NASDAQ:AMD just entered my historical simple moving average zone. This area (currently $108-$126) is where I will be gathering shares. Something tremendous would have to change regarding the fundamentals of this company (like a scandal) for the overall thesis to change. There may be some near-term price pains as NVidia gets all the focus, but to meet demand in the semiconductor and AI space, NASDAQ:AMD is poised to fulfill that roll in the future.
Target #1 = $158.00
Target #2 = $175.00
Target #3 = $188.00
Target #4 = $205.00
What`s Your opinion about this?I have been monitoring NIO for a while now.. and I just can`t decide what is happening :)
There are so many possibilities @ the moment:
1: We have just finished the ABC correction for the first wave up ?
2: We are creating the 4th wave down in 1-2-3-4-5 ?
3: We have a clear H&S pattern - so the trend could continue downwards ?
For me it`s not a buy or sell @ the moment.. it`s make it or break it phase!
If You forget all the weekly delivery numbers and all the other shit what`s going on with NIO and look at the chart only from technical perspective then this is what I see.
Kind a confused.. others are saying that buy and forget it.. but You can`t forget that we have been lower .. So it`s up 2 You!
Good luck to everyone & happy coming holiday`s to everybody :)
Tesla (TSLA): Long-Term Breakout Backed by Strong MomentumChart Analysis:
Tesla shares have surged past key resistance at $415, marking a significant breakout with strong bullish momentum.
1️⃣ Key Breakout:
The price broke above the horizontal resistance level at $415, which previously capped gains in 2021. This breakout signals renewed strength and opens the door for potential continuation.
2️⃣ Moving Averages:
50-week SMA (blue): The price is well above the 50-week SMA at $227, highlighting robust upward momentum and a bullish long-term structure.
3️⃣ Momentum Indicators:
RSI: Currently at 80.96, signaling overbought conditions. While this reflects strong buying interest, traders may watch for signs of exhaustion or a pullback.
MACD: Bullish momentum is accelerating, with the MACD line rising sharply and far above the signal line.
What to Watch:
A potential retest of the $415 breakout level as support would be a key technical development to confirm the breakout's strength.
Traders should monitor RSI for signs of divergence or overbought reversals while keeping an eye on continuation patterns.
Tesla has broken free from a multi-year range, driven by strong bullish momentum. The price action and breakout above $415 suggest bulls are firmly in control.
-MW
Johnson & Johnson | JNJ | Long at $146.00Johnson & Johnson NYSE:JNJ is strong (but highly controversial) company with anticipated earnings growth on the horizon. With a P/E of 23x, steady dividend growth record, low debt, and expected increased cashflow, the future is optimistic for NYSE:JNJ if they can stay out of the shady spotlight...
While the historical simple moving average I've selected suggests the stock is entering a downtrend on the daily chart, I'm going to go against this given the current price/position it is in. If the price can hold in $140's and then move up, there could be an early cup formation here. However, if the price drops below $140, that idea is out, and the near-term downtrend may be on. But the company, overall, is a personal buy-and-hold for the long-term ups and downs (unless new news points the company in a different direction). Thus, at $146.00, NYSE:JNJ is in a personal buy-zone.
Target #1 = $157.00
Target #2 = $165.00
Target #3 = $170.00+
EOSE Breakout Eminent Wave Analysis and Current Setup
The chart reflects a potential Elliott Wave 5 bullish count: Wave (1): The initial impulse move upward from the recent bottom, Wave (2): A corrective pullback that retraced a portion of Wave (1), forming a higher low, Wave (3): Anticipated continuation of a strong upward move, aiming for Fibonacci extensions around $6.38, $7.06, and $8.16, Wave (4): A projected minor corrective pullback, Wave (5): A final upward push towards the 161.80% Fib Extension at $8.94.
The green trajectory outlines this bullish wave setup.
Key Support Levels: Immediate Support: $2.39 (50% retracement), Interim Support: $1.71 (23.6% retracement), Major Support: $0.61 (absolute low).
Key Resistance Levels: First Resistance: $4.28 (78.6% retracement), Wave Resistance: $6.38 to $8.16 (Fibonacci extensions, critical for Wave 3 completion), Major Resistance: $9.94 (200% Fib extension).
RSI and Momentum: RSI: Trending upward at 71.58, suggesting the stock is nearing overbought conditions. However, strong upward momentum could sustain RSI in the 70+ range for longer during Wave 3, MACD: Bullish crossover with strong momentum supporting the uptrend.
Volume Trends: Noticeable volume spikes coincide with upward price movement, confirming institutional interest or heavy buying pressure during breakout moves.
Market Sentiment: The presence of Fibonacci resistance clusters around $6.38 to $8.94 indicates strong confluence and potential selling zones. Traders might take profits near these levels.
Trading Strategy: Current Positioning: A tight risk setup is indicated with a $0.50 stop-loss, providing a favorable risk-reward ratio.
Entry Point: Around $3.89, where price currently trades.
Profit Targets: Short-term: $4.28 (78.6% retracement), Intermediate-term: $6.38 (123.6% Fib extension), Long-term: $8.94 (161.8% Fib extension).
Stop-Loss Placement: Below immediate support near $2.39.
Options Play: Consider selling cash-secured puts at $2.50 strike or targeting covered calls near $6-$7 resistance to capitalize on premium.
Conclusion: EOSE is exhibiting a textbook Elliott Wave bullish structure supported by Fibonacci extensions and volume confirmation. The setup offers significant upside potential with clear resistance targets while maintaining a manageable risk profile. Traders should monitor RSI and volume for momentum validation during Wave 3’s progression.
LRCX Resistance Flip?This is such a good looking chart if we manage to break above 80
We might see this name pushing to 90 quick.
Adding this to my watchlist
$lrcxLaggered in the stock market with a technical set up looking like itll break out of 80 range once above may just break out heavily has a
Bullish inverse h&s
Bull flag ing and at point about to break
Once above 79 believe 80 and 85 will target next
MU MU is following pattern like AVGO, if earnings will be good and it follows same pattern. we may see 130+
Novartis | NVS | Long at $99.00As one of the largest pharmaceutical companies in the world, Novartis NYSE:NVS is poised to grow well into 2027. It's trading at a 17x P/E, earnings are forecast to grow 7% per year, it has low debt, and has been raising its dividend over the past few years (3.8%). The price on the daily chart is nearing the historical simple moving average line and may be poised for another move up. However, entry into the lower $90's or even $80's is still not off the table and, in my view, a great opportunity. Thus, at $99.00, NYSE:NVS is in a personal buy zone.
Target #1 = $110.00
Target #2 = $120.00
$100 Higher since my last post. Easy Money⭐️ The only way was UP↗️
Was going back and forth with a few traders a few weeks back just before I left for the Christmas break.
One even SOLD 70% of their stock.
I don’t recommend to BUY or SELL anything❗️ However if I am not selling well what can I say.
Room for growth, when in doubt purchase a company with potentialWhen fleet services starting to make a large dent in how we handle our logistics, companies like this actually have a big potential to do well. Intelligent companies will offer solutions that benefit the long-term growth of their particular business, which means smart purchasing will be key. Delivery services will be the largest growth factor of the future. Keep an eye on the financials.
Potential Reversal for AAL!AAL is forming a symmetrical triangle near a key support level of $16.15 on the 30-minute timeframe. A breakout above the resistance at $16.85 could signal a reversal with upside potential toward $17.35.
Entry: $16.58 (Breakout confirmation)
Stop Loss (SL): $16.15 (Below support)
Target 1 (T1): $16.85
Target 2 (T2): $17.35
The narrowing triangle suggests momentum buildup; monitor volume for confirmation of the breakout.
WBA LongDaily Demand zone, possible double bottom
Entry 8.3
Stop 7.5
Target 12, 15
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NVDA - Multiple conjunctions. What will happen?NVDA signals are in conjunction:
Head and shoulders
150 SMA
Weekly 50% fibo level
MDB - Scary Pullback Or Give UpNow THIS is a heck of a scary pullback!
But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in.
Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over.
The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing upwards, while the orange Pullback-Fork has a level of Support at the Center-Line.
All in all, it's a nice Long for me.
CVS Health Corp | CVS | Long at $61.00NYSE:CVS Health Corp will need a revision to its business model in order to survive an ever-changing retail/pharmacy environment. However, with a P/E of 10x, debt-to-equity of less than 1x, growing cash flow, and dividend yield of 4.3%, the stock seems quite undervalued. Perhaps activist investors will soon step in, but if history repeats, there may be a nice bounce ahead as the price consolidates in the GETTEX:50S and low $60s. Thus, near its current price of $61, NYSE:CVS is in a personal buy zone.
Target #1 = $66.00
Target #2 = $68.00
Target #3 = $75.00
Target #4 = $79.00
ASML Holding | ASML | Long at $680.00NASDAQ:ASML Holding, a developer and servicer of advanced semiconductor equipment systems for chipmakers, dipped backed into my overall, long-term selected simple moving average (SMA). From here, stocks typically bounce or drop, but given the AI boom is far from "over", I anticipate another bounce to eventually close the gap near $1,060. It may show some minor weakness to close the gap in the low $600s and get the bears excited. But, unless the economy further shows major weakness in the semiconductor space, NASDAQ:ASML is in my personal "buy zone" at $680.
Target #1 = $730.00
Target #2 = $915.00
Target #3 = $1,060.00
TopGolf | MODG | Long at $7.85 TopGolf NYSE:MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, NYSE:MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range.
Target #1 = $10
Target #2 = $12
Target #3 = $14
Target #4 = $15
OPTX short opportunity, With rebuy around 1.5-2Fast price movement appears unsustainable, expect short term retrace. 2 is probably a safe rebuy level, but could go as low as 1.
NVIDIA - Arguments For BearsAs in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear.
We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again.
- the "Trend Barrier Dow" was breached
- price reacted to the tick multiple times at the U-MLH (White Rectangle) (Upper-Medianline-Parallel). This is clear resistance.
- Price just filled the GAP from 3 Days ago, so it can continue in the opposite direction (down) again.
So, that's it.
You have 3 ways to play this:
Long, Short, Flat.
Earnings of such a Market influential underlying is a pure gamble. I grab some Pop-Corn and watch the show and see, which of the cases is wrong and right. §8-)
Happy Profits all
