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Upwork UPWK 4hr potterboxUpwork is a buy according to analyst. I see it as a good play due to earnings being good. I would look at maybe April 17 2025 20 dollar calls for no more than a dollar. it closed above $16.00 today. my stop loss would be $14.00 dollars with taking profits at first target $22.00 dollars second target $31.00 dollars. I use the Wyckoff stage analysis. this movement is in line with the markup phase following accumulation. A very good entry point due to the risk to reward analysis being very high. Trade accordingly. this is for educational purposes only.
NASDAQ:UPWKLong
by potrod
$PLTR Potential Movement (11/11/24)What a week for $PLTR! There’s a new heavyweight in the game, and they’re here to stay. With no clear resistance in sight, let’s turn our focus to the key support zones: We’ve got a higher high and break of structure at $58.28, the closest to the current price, followed by another at $56.24, and a higher low at $53.91. Keep these levels on your radar—any bounce here could fuel another strong run! As always, stay disciplined and lock in those profits! David Diz-Plin Trading
NYSE:PLTR
by DizPlin
AFRM LONGIf Trump’s policies come back into play, it could be a big win for Affirm . Think lower corporate taxes, less red tape for businesses, lower interest rates, all of which would give Affirm a boost. With more people likely to borrow at lower rates and spend more, Affirm could see more transactions on its platform, driving growth. Plus, less regulation means Affirm can expand faster and focus on what it does best. If the economy heats up and consumer spending picks up, AFRM could definitely benefit. After Break 132 Target. ATH achievable.
NASDAQ:AFRMLong
by SPYDERMARKET
$AVXL Potential Movement (11/11/24)Hey Traders, NASDAQ:AVXL is riding the market momentum hard this month! We’ve got a key support level at $8.10, marked by the previous higher high and break of structure—watch for a possible test here before the next leg up! On the resistance side, it’s looking so strong we’re jumping to the 1-week chart, with the previous high all the way up at $10.20. This one’s definitely one to watch as we head into Monday! As always, trade with discipline and lock in those profits! David Diz-Plin Trading
NASDAQ:AVXL
by DizPlin
$GME Potential Movement (11/11/24)Hey Traders, NYSE:GME is back on the radar, showing its classic meme-stock momentum! On the 1-hour chart, we’re watching a solid structure here: there’s a break of structure at $25.02 that’s been tested twice today but has held as strong resistance so far. Our key support zone sits at $24.53 (previous higher high and BOS), with another potential test point nearby at $24.64. If we break through that $25 resistance on the 1-day chart, we could see a push toward the gap fill at $25.56. Stay disciplined and remember to secure those gains! David Diz-Plin Trading
NYSE:GME
by DizPlin
$SOFI Potential Movement (11/11/24)Hey Traders, What a day! We saw a powerful move to the upside, a dream scenario for those holding long positions. Closing at $13 after starting from $12 this week—what a ride! On the 1-hour chart, we’ve got a previous higher high and a structural break that might see a retest in Monday's pre-market if profit-taking kicks in. There’s also a gap at the $11.50 level to keep an eye on! Should the rally continue, look for a test of strong resistance at $13.90 on the weekly chart. As always, trade with discipline and lock in those gains to build a stronger future! David Diz-Plin Trading
NASDAQ:SOFI
by DizPlin
CBOE long @ 197.04 - it may be the perfect stock for meCBOE is short term oversold. That is enough reason for me to buy it. But there's more. This might be the absolute perfect stock to use my "first profitable close" exit strategy on. Both exit strategies work well. My original one produced a 42-3* win rate over the last 2 years (backtesting) with all 3 “losers” being the last 3 trades that haven’t become profitable yet, while the first profitable close strategy was 43-2*. This is a stock that rarely stays oversold long, and bounces back quickly in most cases. In an albeit short 2 year backtest, the highest number of lots I'd have held at once was 4 and the average was 1.4, meaning almost always, they were being sold the next day. In fact, the average holding period for the 45 trades taken in that time would have been 1.55 days and 69% of the trades closed in 1 day, using the first profitable close. Remarkably, the longest I'd have had to hold a lot before it became profitable in the entire 2 year backtest period was 5 days and that only happened twice. Now as I mentioned in my NYSE:VZ idea yesterday, there is usually a tradeoff with this exit strategy. Lower average profits and slightly lower profits per day held in exchange for quicker cycling of capital. But I mentioned that isn’t always the case, and CBOE is a perfect example of that. The big reason is the HUGE difference in trade length. ORIG exit strategy tied up capital 9x as long, on average, as FPC (first profitable close) did. Avg. hold period ORIG = 14.1 days (longest hold - 106 trading days) Avg. hold FPC = 1.6 days (longest hold - 5 days) Overall gain per lot traded favored ORIG over FPC, +2.8% vs. 1.2%...BUT...gain per lot per day held (quantifies the tradeoff between hold length and profit) was HUGELY in favor of FPC here due to the dramatically shorter hold period. FPC = +.78%/lot/day held ORIG = +.20%/lot/day held Both of those numbers are very good, but the FPC one is off the charts. A +.78%/day held return is a 197% annualized return. That’s moonshot microcap returns, not stodgy, safe, dividend paying options exchange company returns. Now realistically you're not actually going to have a 197% return because you don't get these trades every day. But it's a measure of how fast your money is making you money. Usually ORIG marginally beats FPC in this situation, but the speed at which CBOE can return capital profitably makes the FPC exit a much better play with this one. I haven't done an all-time backtest on this, but you can bet I'm going to this weekend. I suspect the difference between the two won't be as dramatic over the long haul, but it's worth noting that there were no long, grueling downtrends in CBOE over the last 2 years, and FPC outperforms ORIG during those. I'll post the results of that as an update to this idea either over the weekend or on Monday, depending on how busy my weekend gets. By the way, I bought a double lot because it was oversold yesterday too and I missed it. The last time it was oversold 2 days in a row was May '23. I will add to the position whenever it is oversold and I will sell any lot at the close of the first day it becomes profitable. So try to resist following me on this trade, since this isn't financial advice. It's edutainment. You should DYOR before investing or trading any of your own hard earned money. Have a good weekend everyone! Stay profitable, San Diego. -Ron Burgundy
AMEX:CBOEEducation
by redwingcoach
UMAC - US Drone Company - Massive Growth Potential!Unusual Machines, Inc. is a development stage technology company, which engages in the provision of drone solutions with a focus on first-person view (FPV) technology. It offers products to entertainment, recreation, and competitive racing industries. The company was founded on July 11, 2019, and is headquartered in Orlando, FL. This is a high risk idea - keep this in mind! Shares float: 4.755M Recent Passive Stake of 450 000 shares on August 1, 2024 Breakout Zone: $2.20 - 2.30 Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend. Overall Market Sentiment: Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions. Resistance Points: $2.30 $2.80 $3.30 $3.70 Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains. Trading Strategy: Take Profit (TP): Set a target at $4.40 after we might forming a cup and handle pattern with a second target at $8.00 (highly speculative) Stop Loss (SL): Set at under $1.50 or if you want to give some more room under $1.00 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
AMEX:UMACLong
by meitshels_smell_trades
BBWI Buy Setup - Strong Support, Risk/Reward 1/16Ticker: NYSE:BBWI (Bath & Body Works) Long Entry: Near current strong historical support level Target: Last high (considered as take profit point) Stop-Loss: Just below current support Risk-Reward Ratio: ~1:16 Analysis: NYSE:BBWI has reached a strong historical support level and recently formed a local higher high, signaling a potential reversal to the upside. Additionally, volume has spiked, suggesting that recent panic selling may have seen shares shift from amateurs to professionals, who tend to buy at strong support levels. Owning alongside professional buyers can be advantageous, as it often reflects more strategic positioning. The current setup provides a solid risk-to-reward ratio of about 1:16 up to the last high, which can be considered a key take-profit point. While this high serves as a primary target, I plan to manage my position flexibly, potentially closing portions earlier or holding some for further upside if the trend remains favorable. Strategy: Entry: Buy near current support level Stop-Loss: Set just below support Target: Last high as primary take-profit level; partial closes based on trend continuation Key Points: Volume spike at support suggests strong buying interest, possibly from professional buyers Local higher high supports a potential uptrend Risk management is crucial, with a close stop to limit downside and a favorable target ahead Conclusion: With strong support, higher volume, and potential professional buying, NYSE:BBWI offers a compelling long opportunity with a favorable 1:16 risk-reward ratio up to the last high. This setup allows for both targeted and flexible profit-taking as the trend develops. Note: I’m already in this position—I entered 7 weeks ago at the bullish engulfing pattern around the $29.21 level. I meant to share the idea back then, but the current market conditions are still quite similar, reinforcing my confidence in this setup. Disclaimer: This is not financial advice. All information is for educational and informational purposes only. Trading and investing involve risk, and it’s essential to do your own research or consult a licensed financial advisor before making any financial decisions.
NYSE:BBWILong
by PattRec
INTU - 9 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:INTULong
by TheArtOfCharting
MedTronic - What is your Opinion? Shall we discuss it?This time as an experiment, why don't we discuss the prospects before taking action- HERE IS MY CONTRIBUTION - can we all collaborate ? What Medtronic is doing right: It looks like these guys make transplant patients nervouse, nervous to have their pace makers hacked. That has t increase liability does it not? Proactive identification: Medtronic identified the cybersecurity vulnerability in their Paceart Optima system during routine monitoring. Prompt reporting: The company reported the issue to the U.S. Cybersecurity & Infrastructure Security Agency (CISA). Transparency: Medtronic issued a security bulletin and provided information about the vulnerability. Rapid response: The company developed and released an update (v1.12) to address the vulnerability. Customer communication: Medtronic notified healthcare organizations about the issue and provided instructions to eliminate the vulnerability. Commitment to security: The company stated they take potential cybersecurity vulnerabilities very seriously. Vulnerabilities: Critical flaw in Paceart Optima system: The vulnerability (CVE-2023-31222) has a critical CVSS score of 9.8 out of 1035. Remote code execution risk: If exploited, the vulnerability could allow unauthorized users to perform remote code execution or launch denial-of-service attacks. Data compromise: Hackers could potentially delete, steal, or modify cardiac device data. Network penetration: The vulnerability could be used as a gateway for further network penetration in healthcare organizations. Legacy devices: The issue affects older versions of the software (v1.11 and earlier), highlighting the need for regular updates. Optional feature risk: The vulnerability exists in an optional messaging feature, which if enabled, exposes the system to potential attacks. Historical vulnerabilities: Medtronic has faced previous scrutiny for security issues in other devices, such as insulin pumps and defibrillators.
NYSE:MDT
by imcnf5c4ff
ABAT poised for massive breakoutAmerican Battery Technology Company is primarily a Li-ion battery recycling company with goals to be a major U.S. provider of battery black mass and battery metals and compounds. They have been awarded many millions in federal funds and are growing rapidly. The company announced in September to increase available shares from ~80M to 250M, however no immediate share sales are anticipated. This stock rose to great heights amid the COVID stock market mania, and has since fallen quite far, particularly after September of 2023, when the stock had a 1/15 reverse split to meet requirements for listing on the NASDAQ. The stock has been trading at ~$1 (the minimum requirement for NASDAQ listing) for approximately 3 months. This has built an exceptional level of resistance, above the pre-COVID mania stock price. Shown here in the upper chart in red, white, and green lines are various moving averages on the 3-day chart. Lines will change colors from red to white, white to green, and vice versa, as the moving average increases or decreases and flips a neighboring moving average line. As you can see, following prolonged expansion of the total moving averages, large reversals tend to occur (effectively a reversion to the mean). The RSI chart shows a bottoming out and slight reversal, flashing bullish strength. The bottom chart shows the same moving averages on the 1-day chart. You can see how the moving averages are converging (contracting), and this often signals a coming move. Following a Sept. 20 announcement of new federal grants, a blowoff stock sale occurred which was quickly absorbed by buyers. The volume of that event over 3 days was >100% greater than any other 3-day period in the stock history. I believe ABAT is poised for a massive breakout and, at minimum, a 100-200% run in the very near future. Evidence: Moving averages on high time frames have show over-expansion for a prolong period of time Moving averages on low time frames show local contraction over recent weeks, a sign of a breakout move Both RSI and CDV are bottoming out and flashing reversals on high time frames The unprecedented selloff and failure to break below the ~$1 buy wall from Sept 20-25 indicates to me that a positive price reversal is the most favorable move I don't know what will be the catalyst. The company, for all its strengths, is a bit quiet.
NASDAQ:ABATLong
by nothximgood