Rimini Street (RMNI): ERP Support Demand Powers Stock StrengthRimini Street, Inc. (RMNI) is a global provider of enterprise software support services, helping businesses optimize and extend the life of their existing ERP systems like Oracle and SAP. By offering a more cost-effective alternative to traditional vendor support, Rimini Street helps clients free up resources for innovation and strategic initiatives. As companies look for ways to reduce IT expenses and increase flexibility, Rimini Street is well-positioned to capitalize on the growing demand for third-party support solutions.
Currently, the stock is sitting just under the 0.236 Fibonacci retracement level, about to enter the momentum zone. RMNI is testing recent highs, showing bullish strength and signaling the potential for a breakout if buyers continue to support the move with strong volume.
WARNER BROS Stock Chart Fibonacci Analysis 042525Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Trading idea - Entry point > 12.24/61.80%Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 12.24/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Long at 131.61 for a quick flipNothing special about this trade except that it was one of only 6 large cap stocks that registered as a buy for me today and was the best of the bunch, technically, imo.
Historically, the returns here are only about 20% better than an average market return per day, but using this trading technique, it has never lost money - 1027 wins, 0 losses (real and backtested) going all the way back to January of 1968. Having been through everything that 50+ year trading history threw at it and coming out perfect, I'm comfortable making this trade now.
Per my usual strategy, I'll add to my position periodically at the close on and I will likely use FPC (first profitable close) to exit any lot on the day it closes at any profit, though I have been playing around with a new exit strategy, so FPC may or may not be used - I'll have to see how things play out.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Google stock oscillates below $170 after earnings releaseGoogle's stock managed to post a bullish gap of more than 3% in the last session, shortly after the company announced its quarterly results. Initially, it was reported that total sales for the last published quarter reached $90.23 billion, compared to the expected $89.12 billion. In addition, the company posted earnings per share of $2.81, beating expectations of $2.00. This positive outcome initially triggered a spike in investor confidence, but for now, the market sentiment has stabilized, and the stock is closing the week with a bearish candlestick on the chart.
Previous trendline break:
The recent consistent bullish movements in Google have been important in breaking a downward trendline that was previously dominant on the chart. For now, this has paved the way for a new bullish bias, and a new upward trendline could be forming, potentially becoming the most relevant technical structure for the stock in the coming sessions. However, it is important to note that this early bullish trendline still requires new price highs to confirm its strength.
ADX:
Although ADX oscillations remain above the neutral 20 level, the slope of the line has started to turn negative. This suggests that, despite the positive earnings, volatility may be beginning to decline, which could eventually lead to a sideways bias in the stockโs movements in the short term.
MACD:
The MACD histogram continues to show oscillations above the neutral 0 line, but it is becoming increasingly necessary for this to be sustained to confirm the buying strength reflected in the moving averages. If the MACD starts to decline, it could be interpreted as a bearish correction signal that may weigh on Google's price.
Key Levels:
$175: A relevant resistance aligned with the 100- and 200-period moving averages. Buying oscillations reaching this level could reactivate bullish momentum and give way to a new relevant uptrend.
$160: A nearby support zone aligned with the 23.6% Fibonacci retracement level. It could serve as a tentative barrier where potential short-term downside corrections might occur.
$143: A definitive support that coincides with the recent lows of the stock. A pullback toward this level could reactivate the previous bearish trend in this market.
Written by Julian Pineda, CFA โ Market Analyst
COURSERA Forming Bullish Continuation Patterns ๐จ $COURSERA Forming Bullish Continuation Patterns ๐จ
$COURSERA is forming bullish continuation patterns and is approaching a key red resistance zone. A breakout above this level could signal a strong bullish move, with the first target at the green line level.
๐ Technical Overview:
Pattern: Bullish Continuation
Resistance Zone: Red area currently being tested.
๐ฏ Breakout Target: Green line level upon confirmation.
Long CBOE at 211.42 - some stocks LOVE volatilityCBOE is a stock that has held up unusually well during the tariff tumult lately. It's not that surprising - they benefit from all the hedging that everyone is doing with options. It hasn't really done much substantively since September, call it a 7+ month consolidation after a 75% run-up from March of '23 to September of '24. That "nothing" is something for the trading I do, that benefits from "noise" rather than trend. I have traded CBOE multiple times over the last few months and unsurprisingly, given the chart and CBOE's history, they've all been wins.
Historically, this trading method is 394-0 (real and backtested trades) on CBOE, so I expect a win, even in this difficult market situation. The average gain is 1.16% in an average of 6 trading days - that's .19% per day or about 4x the average historical daily market return. It's not a flashy trade, but it has always been a profitable one, so I"m taking it here. Another plus is 4 consecutive down days, which usually is a good short term contrarian indicator.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a โbuyโ and I will probably use FPC (first profitable close) to exit any lot on the day it closes at any profit, though depending on how things go, I may let it run a little.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Swing Long For WalmartNow that a proper correction was been made, price has made a strong rebound off this major zone of support, as the 200 Moving Average and the bottom ascending channel both have indicated. There is a good chance that price will surge upwards from here, continuing the long-term uptrend. My price target is 120's area by summer.
AREN Longwe have been consuming a lot of Kristjan Qullamaggie content lately and thought we could put it into practice.
AREN appears to have held up well post "episodic pivot" and during the recent market pullback. the relevant moving averages (10 & 20 SMA), though not visible in the chart, are in the right position. also relevant is the tightness of recent price action. the breakout of the asymmetric triangle is our catalyst to end.
unfavourable market conditions would invalidate the pattern.
Chart Update: Wedge & Triangle Detector on SAIA (April 2025)Todayโs analysis highlights a major wedge formation detected on the SAIA chart using the Wedge & Triangle Detector with Vector Gradient Background.
๐ Key Observations:
Wedge/Triangle breakout potential is clearly forming.
The measured move target is projecting a +281% potential gain from the current wedge structure.
Breakout Target Zone: ~875 USD based on Fibonacci extensions and wedge height.
Immediate Resistance: ~628 USD (historical high level).
Support Zone: ~323 USD to 428 USD (Fibonacci 0.236 to 0.5).
๐ Indicators:
Magnitude & Vector Analysis shows bullish setup building (+1.764 magnitude on support vectors).
Volume pressure appears ready to break the tightening range.
โณ Long-Term Outlook:
If this wedge resolves to the upside, SAIA could enter a massive multi-year bullish phase.
Conservative projections based on technicals put a price target well above current levels, aligning with Fibonacci 1.618 to 2.618 extensions.
โก Final Thoughts: This setup is one to watch closely. Triangles and wedges often lead to explosive moves once the squeeze finishes. As always, manage risk and watch for confirmation signals before entering.
#Trading #TechnicalAnalysis #SAIA #BreakoutSetup #Fibonacci #WedgePattern #StockMarket
Adobe Wave Analysis โ 25 April 2025
- Adobe reversed from the support zone
- Likely to rise to the resistance level 376.40
Adobe recently reversed sharply from the support area between the key support level 335.00 (which has been reversing the price from the start of 2023) and the lower weekly Bollinger Band.
This support area was further strengthened by the lower support trendline of the weekly down channel from the start of 2024.
Adobe can be expected to rise toward the next resistance level 376.40 (the former support level which stopped weekly impulse wave iii at the start of March).
Microsoft Wave Analysis โ 25 April 2025
- Microsoft rising inside impulse wave i
- Likely to test resistance level 394.60
Microsoft continues to rise inside the minor impulse wave i which started earlier from the support area between the key support level 356.75 and the lower daily Bollinger Band.
The active impulse wave i belongs to the c-wave of the ABC correction 2 from the start of April.
Microsoft can be expected to rise toward the next resistance level 394.60 (which reversed the previous waves iv and a).
$MARA still going to go under $10Even though NASDAQ:MARA has bounced, we're still not completed with the correction.
So far, we've only completed 4/5 waves down and the last leg should take us to the supports below.
I think the most likely target is at $7.64, but other two support levels possible as well.
Let's see where we end up.
Those levels will mark a great buying opportunity for the future.
๐ง๐ฒ๐๐น๐ฎ ๐๐ฟ๐ฒ๐ฎ๐ฑ๐ธ๐ผ๐๐ป: Priced for perfectionPriced for perfection in an imperfect market
NASDAQ:TSLA nearly hit its 200dma and key resistance area (~288โ292) after a roughly 20% post-earnings squeeze, and as long as it stays below that level, it risks retesting the long-term uptrend line that has marked major lows twice since COVID.
๐๐ข๐ณ๐ช๐ง๐ง ๐ข๐ฏ๐ฅ ๐ด๐ถ๐ฑ๐ฑ๐ญ๐บ-๐ค๐ฉ๐ข๐ช๐ฏ ๐ณ๐ช๐ด๐ฌ: Tesla depends heavily on Chinese-made battery and electronic components now hit by reciprocal U.S. tariffs, while over 60% of global neodymium and dysprosiumโvital for its EV motorsโare mined and processed only in China, creating a critical bottleneck that could sharply elevate its input costs.
๐๐ข๐ณ๐จ๐ช๐ฏ ๐ฑ๐ณ๐ฆ๐ด๐ด๐ถ๐ณ๐ฆ ๐ท๐ด. ๐ญ๐ฐ๐ง๐ต๐บ ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฐ๐ฏ: Q1 price cuts of up to 20% on core models drove Teslaโs auto gross margin to its lowest since 2020, calling into question the sustainability of its >70ร forward P/E multiple, which assumes exceptionally high profits from future ventures like robotics and autonomous fleets.
$NQ_F NASDAQ:NDX NASDAQ:QQQ NASDAQ:AMZN NASDAQ:META NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX TVC:VIX #Stocks #TrumpTariffs ๐บ๐ธ #ChinaTariffs ๐จ๐ณ
A Long-term Bullish Trend ?With an upcoming Earnings report we can observe rather uncertain future behavior.
But since the trend has been bearish for a longer period of time and the price is "nearly" at the same position which was achieved for the first time in early April in 2019, we can, mostly based only on the technical analysis and Earnings report, determine quite confidently that the price is ready to rise.
Important data:
EPS Estimate: -$3.12
Revenue Estimate: $106 million to $166.7 million
Notable developments:
Cost-cutting initiative = Targeting $1.1B in reductions by 2027
By the end of 2024 $9.5 billion allocated in investments
TSLA LONG ~ All the technicals are there!TSLA will still hit $2600 ~ Says Cathie Wood
Will it? Let's take a look ~
ELON is pissing people off and investors are worried, Tarrif FUD, brand deterioration.
All of this doesn't matter
Why?
Pull up TSLA YoY earnings since 2013 and you will see that their revenue growth is outrageous, this past year is really the very first time TSLA flat lined, but holding at 25B revenue.
From a technical analysis since 2013 on the LOG chart, you can see TSLA has done a 10x rally twice, and has held strong support through it's bear cycles. The next it due by 2027.
TSLA has been uptrend for over a year, and broke it's ATH 6 months ago.
Voluming is rising in the longterm
and literally the conservatives love him,
If you think competitors are nipping at their heels think again. The infrastracture that Elon has built with his mega factories, and their positioning in the market is so insane other's don't even come close.
On the short term,
The FUD will wash away,
TSLA is finding support at the bottom of the channel,
shorterm volume is waning on the sell offs,
Shorts will get squeezed by end of June,
and Up and UP TSLA will continue.
BTFD!