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Rivian Power Surge!Rivian is gaining bullish momentum, with a gap forming around the $9.00 level. A breakout above the $12.33 resistance would signal continued strength, positioning the stock to reach the $18.91 weekly resistance. This trade offers a strong risk-to-reward ratio, with a stop-loss set at $8.28 to manage downside. In the longer term, RIVN has the potential to reach $28.06, supported by its growing position in the electric vehicle (EV) market. With rising demand for sustainable transportation and Rivian’s focus on high-performance EVs, the company is well-positioned for future growth. Strategic partnerships, such as those with Amazon for electric delivery vans, enhance Rivian’s revenue prospects and visibility in the market, bolstering its longer-term potential. This combination of technical momentum and favorable market fundamentals supports a bullish push toward $18.91 in the near term, with $28.06 as a longer-term target. Follow @The_Trading_Mechanic for more health check-ups on your investments! NASDAQ:RIVN
NASDAQ:RIVNLong
by The_Trading_Mechanic
PALANTIR: Extremely overbought. High probability sell to $40.Palantir is vastly overbought on its 1D technical outlook (RSI = 79.771, MACD = 3.330, ADX = 33.075), even the 1W RSI is on extreme levels (80.789) and that alone would be a good enough reason to sell. The picture gets even clearer on the 1W timeframe where the price has almost reached the top of the 2 year Channel Up, having completed a +241.84% rise from the January 2nd 2024 bottom and almost +172.53% rise from the August 5th bottom. Those are the symmetrical rally levels from the December 27th 2022 and May 1st 2023 Lows respectively. The result on that HH rejection was a test of the 0.382 Fibonacci level. That is our target (TP = 40.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:PLTRShort
by InvestingScope
$WULF: The Next Leader in the Crypto Mining Sector 🚀⛏️🚧Hello, everyone! We're excited about NASDAQ:WULF 's prospects among other crypto miners, standing out with its eco-friendly operations, profitability post-halving, and strategy to reduce debt without diluting shareholder value through ATM usage. The company's CEO has reassured investors of this commitment. Moreover, a significant short interest in NASDAQ:WULF could potentially propel its value dramatically. Currently, the price is at a crucial juncture, testing the hourly support. Should it break below, it might move to test the daily support level. Conversely, rebounding from the hourly support could set the stage for a climb towards the monthly resistance. Our initial milestone is overcoming the monthly resistance at around $3.70. Surpassing this, we aim for $8 followed by $17 as our subsequent targets. This outlook would be reconsidered if the hourly or daily indicators fall beneath the weekly, suggesting a need to reassess our stance. Stay tuned for updates, and best of luck to us all!
NASDAQ:WULFLong
by SierrasTrades
2
Tesla - This Will Be A Wild Ride!Tesla ( NASDAQ:TSLA ) is deciding about its future in the next 8 days: Click chart above to see the detailed analysis👆🏻 During the next 8 days - until this monthly candle closes - we will see whether or not Tesla will enter the next major bullrun. Currently Tesla is trading at the important triangle breakout level after dropping about -20% this month so far. The future of Tesla will depend on this breakout. Levels to watch: $160, $200, $270 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
28
The Case for MinersBTC is now entering its final form. As I see it, the period beginning now and progressing over the coming months is likely to be the most rapid and vicious ascent of this entire market cycle beginning from the post-FTX lows. This cycle shall also culminate in Bitcoin's long-awaited rise to its greatest potential: accumulation on a global sovereign scale. Thus, the time to pay attention and allocate to BTC beta, especially miners, has reached its apex. I'm a bit late to this post as I have already positioned in several miners, namely CLSK and WULF, but plan to finish accumulating shares and long calls rapidly. The best entries tend to be on daily closes above previous monthly or quarterly highs, especially when the previous monthly candle was a doji or hammer, indicating accumulation and downtrend exhaustion. This is precisely what we just saw with the candle of the month of September 2024, and I entered on the first daily close above its $10.47 high. This post is generally for made for posterity and on the eve of a possible daily close confirming a textbook H&S bottom. While the measured move of this patter coincides with the yearly POC around ~$16-17, and it may well see some trouble accepting there, I plan to hold the majority of my longs into the 1st fib extension at $35, and, depending on conditions, will leave some to run to the 2nd extension around $52. RSI indicates that we haven't even entered the bull market phase of this run. Have fun and good luck to all - exciting times lie ahead!
NASDAQ:CLSKLong
by CalmCapital
AMD Stock: Poised for an Upward TrendBased on the current technical analysis of AMD's stock, there are several indicators suggesting that it is at a favorable price and poised for an upward trend. Key Points: Volume Profile: AMD's stock price is currently below the Volume Profile on the daily chart, indicating that it is trading at a relatively lower price compared to its recent trading range. Historical Trend Line: The stock is approaching its historical trend line, which often acts as a support level. A bounce off this trend line could signal a continuation of the upward trend. Ichimoku Cloud: The price is currently within the Ichimoku Cloud, which indicates a period of consolidation and potential for a breakout. A move above the cloud could signal the start of a bullish trend. Conclusion: Considering the above factors, AMD's stock appears to be at a good price and is likely to continue its upward trend. The combination of technical indicators and the approach to key levels provides a strong case for potential growth.
NASDAQ:AMDLong
by Lazyblob
NVDA Set to Make Waves: Big Levels Ahead!Update: Good morning, trading family. Here to break this down nice and easy for you. Let’s ride the NVDA waves together: 1️⃣ First scenario: NVDA climbs to $154–$156. From there, it could either break higher or pull back to $150, maybe lower. Watch for a bounce if it dips. 2️⃣ Second scenario: A move to $168 is on the table, but expect a pullback to $164 before the next push higher. If the pullback goes deeper, it’s just a chance to reset. 3️⃣ Third scenario: If NVDA powers through all those levels, $179 is next, with a potential correction back to $168 along the way. Mindbloome Trading/ Kris Trade What You See
NASDAQ:NVDALong
by Mindbloome-Trading
SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
Boeing’s Bullish Prospects: Eyeing New All-Time HighsIn our technical analysis of Boeing (BA), we currently favour a bullish scenario. We believe that wave 5 of 5 is now in progress, following a prolonged consolidation phase from Boeing’s all-time high of $450, which developed into a bullish triangle (ABCDE). The recent low indicates that Boeing is poised for a breakout, potentially reaching new all-time highs. However, should the price dip below $113, this bullish outlook would be invalidated. For now, our expectation is that a robust bullish trend will emerge, driving Boeing higher in a five-wave sequence before a significant correction takes hold.
NYSE:BA
by VitalDirection
Amazon: Significant Breakout!The resistance at $189.76 has recently been a major hurdle for the AMZN stock. Since April, the price has essentially been moving sideways along this level, with each breakout attempt being sold off. As envisioned by our primary wave count, the stock has now managed a breakout above $189.76, developing a first impulsive move toward a new all-time high. We expect a more substantial correction only after the larger beige wave III has found its top at a higher level. An earlier sell-off remains possible as part of our 30% likely alternative scenario: this alternative count suggests that the recent peak was the top of the beige alt. b wave, which would lead to a pullback below $145.86 and a fresh low of the overarching blue wave alt. (IV).
NASDAQ:AMZN
by MarketIntel