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Tesla’s Perfect Storm: A Technical Signal You Can’t IgnoreSince Tesla’s share price peaked around $415 in 2021, it has undergone a complex correction phase. This correction aligns with what is known in technical analysis as a WXY pattern. Understanding this structure provides insights into potential future movements in Tesla’s stock, which has experienced considerable fluctuations over recent years, driven by both macroeconomic factors and evolving market sentiment. In examining this WXY correction, we identify that the W and X waves each unfolded as zigzag formations, reflecting significant adjustments in market positioning. These patterns are typically characterised by sharp movements, marking the phases where the price retraced in response to external pressures and overvaluation concerns. Yet, the most intriguing aspect of this corrective phase is the final Y wave, which we interpret as a contracting triangle, labeled as ABCDE. A contracting triangle is often indicative of consolidation—a period where buyers and sellers reach an equilibrium before a decisive movement. In Tesla’s case, the triangle structure within the Y wave suggests the end of this prolonged correction. This structure concluded in October 2024, reaching a significant bottom around $212.11. This level is now crucial for future price projections. As long as this $212.11 level holds, it establishes a strong foundation for a potential upward trajectory. From a technical viewpoint, maintaining this level supports a bullish outlook for Tesla, with a target range of $500 to $600 per share. Reaching this range would mark the completion of wave 5 of 5, indicating a final impulsive rally before Tesla undergoes a more substantial correction. This prospective movement aligns with typical wave theory expectations, where an impulsive phase follows a corrective sequence, leading to potential gains. Tesla’s position in the market, driven by its innovation, expanding product line, and industry leadership, adds weight to this.
NASDAQ:TSLA
by VitalDirection
Growth + Float = Delta money gameSET:DELTA is the best performing large-cap stock since Covid time - the stock is the thiry-bagger from end of 2019 to today (7 Nov 24) - generating massive return to its shareholders and executives. >> Not a new kid on the block : Pre-covid, Delta had decent financial performance. The company consistently achieved revenue and earnings growth and was profitable through cycles. It's also a reliable dividend payer - deliver 3%+ yield to its shareholders. Single-digit growth and contistent dividend payout were Delta's characterictics back in the old days. As such, DELTA P/E had been in the mid-teens. >> I want it all In 2018, Delta announced the voluntary tender offer deltathailand.com at the price of 71 Baht/share (Bt 10 par). The company said the tender offer aimed to strengthen Delta's manufacturing capabilities and sales support in Southeast Asia. Tender process concluded in mid 2019, reducing the free float from 37% to 22% .
SET:DELTA
by bulega
NFLX Long Trade - Riding the Wave to 4R and Counting!I wanted to share this exciting NFLX trade that’s been unfolding with strong momentum. My entry was guided by a signal from the WiseOwl indicator on the 1-hour chart, and it’s already floating around a solid 4R! As the trend continues, I’m trailing the position with EMAs to capture maximum gains while letting the trend ride. 📈 Why NFLX? This stock is showing serious bullish energy, with a steady market structure of higher highs and higher lows – the classic signs of an uptrend. Everything is aligning for continued upside, making NFLX a prime opportunity right now. Watching a trade evolve in alignment with the market’s natural flow is what trading is all about! Remember, patience and disciplined trailing can often turn good trades into great ones. Disclaimer: This post is for educational purposes only and should not be considered financial advice. Make sure to do your own research and consult a professional before trading. Trade smart and manage your risk!
NASDAQ:NFLXLong
by TraderOuss_LumaNex
NVDA Today Nov. 7, 2024Key Levels Support Levels: $139.91: This level has shown recent support and could act as a strong base if NVDA retraces. $135.32: Lower support level, which could become a key area if there’s a larger pullback. $132.04 - $132.11: Major support zone that held in previous sessions, which would be crucial to monitor if the stock drops significantly. Resistance Levels: $146.49: This appears to be an immediate resistance level around the high. $150 (psychological): Often a round number like this acts as psychological resistance if NVDA rallies past recent highs. Price Action NVDA has been in a steady uptrend after breaking out of a downward trend, moving into a higher consolidation range. The current setup indicates: Rising Channel: The price is moving within a rising channel, showing a bullish trend. A breakout above or below this channel could signal either a continuation or reversal. Volume Profile: Volume has been increasing on green candles, indicating strong buying interest. This confirms bullish momentum. MACD: Shows near overbought levels suggests NVDA may experience short-term consolidation or minor pullback before another potential move up. Trading Strategy Bullish Bias: If NVDA breaks above the $146.50 resistance with volume, it could signal a continuation of the uptrend. Consider a long position targeting $150. Consolidation or Pullback: If NVDA fails to break above $146.50 and retraces, look for support around $139.91 for potential entries. Downside Risk: A break below $135.32 might indicate a bearish reversal, with possible retest of the $132 zone. mY Thoughts NVDA’s trend remains bullish with a solid support base and strong volume. However, short-term resistance around $146.50 should be monitored closely for breakout or reversal signals. Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Always conduct thorough research or consult a financial advisor before trading.
NASDAQ:NVDA
by BullBear-Insights
AMZN Today Nov. 7, 2024Price Action & Trend: Amazon is following an ascending channel pattern with a series of higher highs and higher lows, suggesting a strong uptrend. The price is near the top of the channel, indicating potential resistance. If it breaks above this channel on high volume, it may continue the bullish momentum. Otherwise, it could face selling pressure and move back down toward the lower trendline. Key Levels: Resistance: Around $208. This level is just under the top of the channel, so it may act as a strong resistance zone. A breakout above $208 with solid volume could indicate further upside potential. Support: Around $200 - This is the first support level within the channel and a potential area where buyers might step in on a pullback. Lower Support Zone: Around $197 and $194 - These levels serve as additional support in case of a deeper pullback. Volume & Momentum: Volume seems to increase on upward moves, supporting the bullish trend. However, it’s crucial to monitor for potential volume decline if AMZN tests the resistance. MACD shows potential overbought conditions, indicating a chance for a pullback or consolidation. Watch for a bearish divergence if momentum weakens near the channel top. Potential Scenarios: Bullish: If Amazon breaks above $208 with significant volume, it may continue to rise. Intraday traders could consider entering on a confirmed breakout, targeting further upside within the channel's extension. Bearish: If AMZN is rejected at the $208 resistance, it could drop to the $200 level or lower support zones, presenting potential shorting opportunities on rejections at resistance or a breakdown below $200. Disclaimer This analysis is for informational purposes only and is not financial advice. Always do your own research or consult a financial professional before making trading decisions. Trading involves risks, and past performance is not indicative of future results.
NASDAQ:AMZN
by BullBear-Insights
TSLA Today Nov. 7 2024Tesla has formed a clear ascending channel, indicated by the upper and lower trendlines. The recent price action shows a series of higher highs and higher lows, which typically suggests an uptrend. The price is near the top of this channel, suggesting potential resistance. If it breaks above the upper trendline with significant volume, it could signal a continuation of the bullish trend. Otherwise, a reversal or a period of consolidation within the channel is likely. Key Levels: Resistance: Around $290 - The price has repeatedly tested this area and could face selling pressure here. Support: Around $273 - This is a support zone within the channel where buyers might step in if the price pulls back. Lower Support Zone: Around $250 - In case of a significant pullback, this area might serve as a key support level to watch. Volume & Momentum: Volume has been relatively high on upward moves, which is supportive of the trend. However, it’s important to monitor if volume sustains, especially near resistance. Indicators MACD appear to be overbought, signaling a possible cooldown. Watch for bearish divergence if the price tests the channel's upper boundary without a new high in momentum. Potential Scenarios: Bullish: If Tesla breaks above $290 with strong volume, it could aim for new highs above this level. Intraday traders might look to scalp or hold a position through the breakout with caution around each resistance. Bearish: If TSLA rejects the $290 level, it could test lower levels within the channel, around $273 and potentially down to $250 if sellers gain control. This could provide shorting opportunities on rejections at the resistance or a breakdown below $273. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Always do your own research or consult a financial professional before making trading decisions. Remember that all trading involves risk, and past performance does not guarantee future results.
NASDAQ:TSLA
by BullBear-Insights
Why We Think Ryde Group Ltd. (NYSE: RYDE) is InterestingSingapore's mobility is now en-route for multi decade growth, and this company, Ryde Group Limited (NYSE: RYDE) could be a multi bagger gem. Here's why: As Singapore’s population grows, reaching over 6 million in 2024, the demand for smarter, greener, and more efficient mobility solutions has never been greater. Singapore is on a mission to become a ‘45-minute city’ by 2030, where everyone can reach key destinations within 45 minutes. This ambition drives innovation in public transportation, shared mobility, and electric vehicle adoption. Enter Ryde Group Limited, a leader in carpooling, private hire, taxi services, and even delivery. As demand for flexible transport options grows, Ryde stands poised to benefit. With Singapore’s focus on sustainable transit, Ryde’s services align perfectly with the city’s vision for reduced emissions and more With a diverse suite of offerings, Ryde meets the needs of commuters looking to save time, cut costs, and reduce their carbon footprint—all while enhancing convenience in Singapore’s fast-paced environment.” Listed on the New York Stock Exchange, Ryde is ready to be a game-changer, bringing Singapore’s vision of seamless mobility closer to reality. #RYDE #NYSE #FINANCE #INVESTMENT #STOCKS
AMEX:RYDELong
by HASHInvests200
SWING TUTORIAL - ABSLAMCIn this tutorial, we analyze the stock NSE:ABSLAMC (Aditya Birla Sun Life AMC Limited) identifying a lucrative swing trading opportunity following its all-time high in Oct 2021. The stock declined by nearly 57%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 114% returns in 63 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 720 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 720. 3. Return: Approximately 114%. 4. Trade Duration: 63 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ABSLAMCEducation
by thepranam
TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential. Technical Signals: EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support. Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence. RSI : Above 50, supporting bullish momentum. Levels to Watch: Support : ₹3,995.45 – Reliable base. Immediate Resistance : ₹4,411.25 Final Target : ₹4,587.95 – Top of the channel. Trade Setup: Entry: On pullbacks or above ₹4,217.30. Stop Loss : Below ₹3,995.45. Target : ₹4,411.25 - ₹4,587.95.
NSE:TCSLong
by AngshumanSaikia
Exide Industries out of consolidation and ready to take off.After a period of consolidation 📉, Exide Industries seems to be building a solid base and is showing signs of renewed bullish momentum 📈. Recently, it also bounced from its 200 EMA, which is an important reversal signal 📊, indicating a potential shift in market sentiment. The consolidation phase likely allowed the market to absorb earlier gains, setting the stock up for its next upward move 🚀. Investors might see this as a prime time to enter, with the potential for continued growth looking promising based on current technical indicators 🔍. View invalidates below 400 on daily close. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:EXIDEINDLong
by Numan_SuriyaMohammed