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CSCOThe CSCO stock is very promising for investors, with excellent indicators. It has formed a symmetrical triangle on the weekly chart, which has been strongly broken out of after a significant accumulation phase at $55.95. Currently, we are at a resistance zone where we expect a correction. There are two scenarios: either a correction to the upper boundary of the triangle, followed by price action that leads to a strong upward movement towards the target, or a deeper correction to the demand zone that coincides with the 200-day moving average on the daily chart, from which we could see strong momentum pushing the price up to $70.50I hope for the second scenario to occur, as it would provide an excellent entry point close to the stop-loss, which is set at a close below $43.
NASDAQ:CSCOLong
by IbrahimTarek
$UPST Bullish Flag can Test August '23 HighIn my search for technically sound swing trade ideas I stumbled on $UPST. What we are looking at is almost a perfect technical setup of a bullish continuation flag. We have a nice breakout or "flag pole" on high volume followed by a generally controlled flag pattern down with low volume. What I really like about this setup is it is measuring to test its August '23 high almost perfectly. According to technical analysis, "flags fly at half mast" meaning they form at the midway point of the move. In order to measure the following move precisely you can measure the distance of the preceding breakout point. In this case, the breakthrough of the lower level resistance. Measuring this, I found that the following move could be around $12, putting it at $60 a share and right at the upper level resistance. Invalidation would occur with a daily close below the lower trendline of the flag. I think we could see the start of a large upside move within the next week or two. Unfortunately, we also have the election next week which does all sorts of weird things to the market as a whole. If this setup invalidates but bounces off the lower (previous) line of resistance- I will take another look.
NASDAQ:UPSTLong
by sbridger33
HUT - Oct 24 Opening Sustainable Momentum30 Oct Entry: HUT’s price surged and triggered our stop-limit order. I feel conflicted about this entry; although we were still above BTCUSD's key support and there was a momentum signal in HUT from the strong morning session, BTCUSD movement was weak. 29 Oct Entry (Limit Order Not Activated): BTCUSD broke the $70K milestone for the first time since 19 Jul and is now approaching another key level not breached since 14 Mar. As BTC rises, crypto miners benefit, with their crypto holdings increasing in value. A strong BTC day typically influences crypto miners' stock movement. With this milestone breakthrough, I expect a larger, sustained run. HUT shows an H2 opening momentum signal. Trade idea BTCUSD hasn’t broken $70,000 since 19 Jul. Surpassing this milestone should drive optimism and excitement into related assets. Trading crypto-related assets driven by BTC reaching new highs is ideal during these two weeks of high-impact macroeconomic, earnings, and election events. Price could surge further if it breaks $73,931, surpassing the previous high from 14 Mar. Crypto miners benefit as their crypto holdings increase in value when BTC rises. I’ve noticed that a strong BTC day typically reflects in their stock price movement. Given this key milestone breakthrough, I expect a larger, sustained run. I’ve shortlisted the following crypto miners, as they’re already in an uptrend and show straightforward price movement. - Riot Platforms (RIOT) - Hut 8 corp (HUT) - Cleanspark Inc (CLSK) - This has my least favourite price movement. 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
NASDAQ:HUTLong
by Ronin_trader
Amazon (AMZN) - Potential H&S Reversal, Watch for BreakdownOverview: Amazon (NASDAQ: AMZN) appears to be forming a Head and Shoulders pattern, which is often a bearish reversal indicator. The left shoulder, head, and right shoulder are clearly defined, with the neckline situated near the $180-$176 zone. If the price breaks below this area, it could signal a larger move downward. Technical Setup: Pattern: Head and Shoulders Neckline Support: ~$180 - $176 (critical support area) Trendline: Red ascending trendline, currently serving as additional support Target Zone: Potential drop toward $168 or lower if the pattern confirms Price Action: The recent pullback from the right shoulder aligns with the overall pattern, and a daily close below $176 could confirm the reversal. Watch for a bounce off the neckline for a potential short-term trade; otherwise, a breakdown could lead to a deeper correction. Risk Management: A sustained move above the right shoulder (~$190) would invalidate the bearish setup and suggest a continuation of the uptrend. Catalysts: Upcoming earnings and market sentiment around consumer spending could influence the stock’s direction, potentially acting as a catalyst for the breakdown or reversal.
NASDAQ:AMZNShort
by Killahherb
1
CRM heads up going into $300 round: start booking the 40% gains Followup to my previous buy alert (click). CRM launched from support posted in above idea. Now it is prudent to take some profits off the table. Traders may start selling, holders move up stop losses. $ 294.33 - 300.55 is the major resistance $ 312 and 324 would be good next targets. $ 274 and 265 should be supports below. . Previous Analysis pinpointing the entry after an Earnings dump: ================================================================== .
NYSE:CRM
by EuroMotif
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going The thesis explained below: 1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops. 2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this. 3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50. 4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021. 5.) Double top on the stochastic and red through yellow downward. 6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁 Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet. LIKE l FOLLOW l SHARE NFA
NYSE:PLTRShort
by RonnieV29
COIN: The Last Winner or the First Loser? NASDAQ:COIN Hello, everyone! I’d like to share my technical outlook on the current position of COIN. Weekly Analysis: 1. Momentum Indicators: On the weekly chart, COIN is gradually exiting oversold territory, indicated by the Relative Strength Index (RSI) and Stochastic Oscillator. This steady, controlled shift suggests a potential shift in momentum towards bullish sentiment. 2. Bullish Falling Wedge: A reversal pattern in the form of a bullish falling wedge has also emerged on the weekly chart. This pattern is typically a sign of trend reversal and implies potential upward movement if confirmed by a breakout above resistance. 3. MACD Histogram: The Moving Average Convergence Divergence (MACD) histogram is moving upward, transitioning out of the downtrend. This shift in momentum aligns with the signals from the RSI and Stochastic, further reinforcing a potential bullish reversal. Monthly Analysis: 4. Fibonacci Levels: On the monthly chart, COIN is holding above the $182 support level, which is key from a Fibonacci retracement perspective. Maintaining this level supports the likelihood of a sustained upward trend. 5. Tri Star Reversal Pattern: A Tri Star reversal pattern may be forming on the monthly chart. While traditionally consisting of three stars, even a two-star formation in this context signals a potential reversal. Summary: Taking all these factors into account, I consider it reasonable to open a long position in COIN, with a target price of $390 by the end of February 2025. This target aligns with resistance levels observed on higher time frames and with the broader bullish technical picture emerging in COIN’s momentum indicators and price action. Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
NASDAQ:COINLong
by NORD25
1
META on a new expansion wave to $800.Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th. The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern. The 1week RSI patterns between the two are also fairly similar. As long as the 1day MA50 holds, we expect META to stay on this expansion wave. Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024). Previous chart: Follow us, like the idea and leave a comment below!!
NASDAQ:METALong
by TheCryptagon