ANGH 70% high probability upside movebroke out of the descending channel with volume, with aftermarket price reaching 1.7$.
very high probability of a big upside move
Delta Air Lines Has Pulled BackDelta Air Lines has been ripping since the summer, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the gap on November 6 after Donald Trump was confirmed as next U.S. President. DAL retraced that move to hold its election-day high on Wednesday. Has old resistance become new support?
Second, prices are trying to hold the rising 50-day simple moving average (SMA). That may suggest its intermediate-term trend is pointing higher.
Next, the 50-day SMA had a “golden cross” above the 200-day SMA in October. That may suggest its long-term trend has turned bullish.
Finally, stochastics are rebounding from an oversold condition.
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Mstr heading south nextDespite all the nasdaq-100 hype i think the next leg is down to at least 270 area. Elliot wave count that i think it is above. I didn't get in this one, going to see if it wants to pullback to bottom of trendline area to short. If not, i'll be watching only
Apple’s Chart Is Showing a Breakout. What Might Happen Next?Apple NASDAQ:AAPL has lagged its fellow “Magnificent 7” stocks for so long that market pundit Jim Cramer has said to "own it, don't trade it." But recently, the stock broke out of a technical pattern known as an “ascending triangle” -- a potentially bullish sign.
What does AAPL’s technical and fundamental analysis say might happen next? Let’s that a look:
Apple’s Fundamental Analysis
Is Apple’s future all about its new AI-capable features, which are finding their way into the tech giant’s electronic gadgets? At least some of it might be.
Or is it about the slow-but-steady growth of Apple’s high-margin services businesses, which benefit from the company’s huge installed base of connected gadgetry? We’re probably getting even warmer there.
How about earnings? AAPL reported on Oct. 31 that it earned $1.64 of adjusted earnings per share on $94.9 billion of revenue in the company’s fiscal fourth quarter ended Sept. 28.
Adjusted EPS beat the Street’s consensus estimate by $0.04, while revenues not only beat forecasts but represented 6.1% in year-over-year growth.
In fact, Apple has grown sales by roughly 5% or 6% year on year for five consecutive quarters now. Talk about consistency.
Apple will likely report results for the current quarter in late January. As I write this, Wall Street is looking for the company to record $2.36 in adjusted earnings per share on $124.4 billion in revenues.
That would compare favorably to the $2.18 in adjusted EPS and “just” $119.6 billion of revenues that Apple saw during the same quarter a year earlier. I say "just" because such a number would still represent 4% year-over-year sales growth for the firm.
But for many investors, Apple has always been about cash flow and return of capital to shareholders.
Apple generated $118.2 billion of operating cash flow in the 12 months ended Sept. 28. The company spent $9.5 billion out of that number on capital expenditures, leaving $108.8 billion of free cash flow.
AAPL returned all of that and more to shareholders over the trailing 12 months. The firm repurchased $100.4 billion of its common stock, while also paying out $15.2 billion in dividends to shareholders.
Apple’s Technical Analysis
Now let’s look at AAPL’s chart as of Wednesday, going back some eight months:
Readers will see that the stock rallied from mid-April into July, but then sold off.
Shares then found support in early August in between the 50% and 61.8% Fibonacci retracement levels of the entire rally, as denoted by the black horizontal lines at the chart’s left.
From there, AAPL formed what’s called an “ascending triangle” pattern, marked with the purple lines in the chart above.
The triangle’s top line held as a resistance level in October, but Apple hit successively higher lows from April all the way through the ascending triangle’s closure earlier this month. That’s typically a bullish sign.
The pivot coming off of the ascending triangle stands at $238 in the chart above -- below the $249.79 that the stock closed at on Thursday.
Does that mean that Apple’s upward run is near or at maturation? Not necessarily.
A 20% run from a pivot point is historically reasonable for a Mag-7 stock, which would put the stock at $285.60 -- or about 14% above Thursday’s closing price.
Meanwhile, Apple’s Relative Strength Index (the gray line at the top of the chart) looks extremely strong as well, to the point of being technically overbought. However, that condition can often last longer than one might think.
Similarly, the stock’s daily Moving Average Convergence Divergence indicator -- or “MACD,” denoted by the black and gold lines and the blue bars at the bottom – seems quite bullish.
Apple’s 12-day Exponential Moving Average (or “EMA,” marked with a black line) is sitting above the stocks 26-Day EMA (the gold line), while the histogram of AAPL’s 9-Day EMA (the blue bars) is above zero. All of those components lined up in that way are historically positive for stocks.
Another apparent bullish sign is the fact that AAPL’s shorter-term moving averages are running above its longer-term ones.
The chart above shows Apple’s 21-Day EMA (marked with a green line) above its 50-day Simple Moving Average, or “SMA,” as denoted by a blue line. Similarly, Apple’s 50-day SMA is in turn running above Apple’s 200-day SMA, marked with a red line above.
Such relationships typically serve as confirmation of an uptrend.
(Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no position in Apple at the time of writing this column.)
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MSTR: Prime Opportunity for a Rebound as Buyers Take Control Bullish Analysis for MSTR:
MicroStrategy (MSTR) has recently dropped alongside the broader crypto market, but strong buying momentum is emerging as buyers step in to buy the dip . The RSI is coming back from oversold levels, signaling potential for a rebound. As Bitcoin stabilizes and recovers, MSTR’s stock is likely to benefit from both the crypto rebound and its solid business fundamentals.
Trade Setup:
Take Profit 1: $370
Take Profit 2: $430
Stop Loss: $310
This setup offers a favorable risk-to-reward opportunity, with MSTR potentially poised for a bullish reversal.
[BB] Is it your turn? It has been a long time since BB last time surged.
Maybe it's time to check it out.
TA, Channel Patterns breakout.
Target will be $5.35.
MicroStrategy Inc. (MSTR): A Bullish Wave Ready to Break RecordsMicroStrategy Incorporated (MSTR), renowned for its substantial Bitcoin holdings and its pivotal role in business intelligence solutions, is catching the attention of market analysts once again. Since its historic peak of $540 per share, the stock has undergone a complex corrective phase. From an Elliott Wave perspective, this correction unfolded as an A-B-C structure. Wave A, a sharp impulsive decline, was succeeded by Wave B, which formed as a contracting triangle. Finally, Wave C concluded around $318, presenting a potential pivot point for an exciting bullish surge.
This interpretation aligns with a potential reversal and sets the stage for MSTR to skyrocket. If the analysis holds true, the stock is poised for a significant rally. Our initial target places it at an impressive $750 per share, with the possibility of further upside if broader market conditions align with the bullish wave structure.
What Drives This Bullish Sentiment?
MicroStrategy’s strategic embrace of Bitcoin as a core part of its balance sheet has positioned it as a proxy for cryptocurrency market movements. With Bitcoin exhibiting resilience and the potential for new highs, MSTR is poised to benefit directly. Additionally, the company’s robust presence in the data analytics sector adds to its growth narrative, providing a dual foundation for investor optimism.
Technical Indicators Align
Beyond the Elliott Wave analysis, technical indicators show alignment with the bullish outlook. The stock has seen a consolidation phase, allowing key support levels to solidify. Coupled with improving relative strength index (RSI) readings and increasing trading volume, this sets the stage for a breakout move.
Risks to Consider
As with any market scenario, there are risks. A retest of the $318 level without subsequent recovery could signal weakness in the bullish case. Moreover, external factors, such as Bitcoin price volatility or macroeconomic pressures, could impact the trajectory.
Conclusion: Is MSTR a Buy?
For investors seeking exposure to the dual growth stories of cryptocurrency and business intelligence, MSTR offers a compelling case. With a technical structure suggesting an imminent upward move, the stock’s potential to reclaim and surpass previous highs presents an attractive opportunity. However, as always, prudent risk management and careful analysis are essential.
Cloudflare: ResistanceBy expanding the green wave 3, NET recently stretched above the resistance at $117.70. However, the stock only briefly surpassed this level before encountering selling pressure, which pushed it back to its early December levels. Primarily, we expect the price to overcome this resistance to complete the green five-wave structure and, thus, the orange wave iii. A still ongoing wave alt.ii correction remains a possibility in the context of our 30% likely alternative scenario.
Bottom ZoneWe have reached the April bottom again now. This was a retest iof the 2023 bottom.
Thus we've got a good bottom zone now which may hold this time again at least for an upward correction.
MSTR...don't get fooled it will eventually come down!We are experiencing a pull back, but pending crash....I've seen this a million times. Lock and loaded....use MSTZ (inverse) to take advantage of the dip!
Do your dd and safe trading!
AMAZON Short after AB=CD+BB+ Fibo E levelAMAZON Short after AB=CD+BB+ Fibo E level, Target is the open gap+sma200
QBTS 30-Min Chart: Key Levels & Trade Setup- This 30-minute QBTS chart shows a trade setup with key support at $6.00 and resistance at $8.53 and $10.45.
- The green-red zone highlights a favorable risk-reward ratio, with a stop-loss at $5.35 to manage risk.
- High volume and strong price movement suggest a potential for bullish momentum.
- Technical analysis helps guide clear entry, exit, and risk management decisions.
- The setup aims to capture gains while keeping risks controlled.
CLEO (VCP - 28W 24/7 3T)Position update: December 20, 2024.
Key factors:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +125% while the index remains nowhere.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Both breakouts accompanied with a decent volume.
Considerations: The current market environment remains challenging, as it fails to sustain a bullish trend and continues making lower lows. However, this is the only stock that is setting up properly in the current market.
This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
RELIANCE | Ready to ??? Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
$shopgoing long NYSE:SHOP , good r/r and support area here, so i will try to go long, keep it simpel
Starbucks: A Bearish OutlookStarbucks: A Bearish Outlook
Starbucks completed a five-wave pattern at 103, with the price moving down clearly.
A large Rising Wedge pattern represents the fifth wave of the movement that began on May 2024 and finished at the end of November 2024
Currently, the price has broken through the support line of the pattern, indicating further decline.
After any small correction, we should see SBUX moving down to 88 and 82.5.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
V.F. Corporation (VFC) (For Study Purpose Only)Entry Price Range: $20 - $22
Stop Loss (SL): $15.35
Portfolio Allocation: 1% of the portfolio
Risk Level: High
Rationale:
Attractive Entry Point: The suggested price range provides a potential value zone in the stock.
Risk Management: Strict stop-loss placement at $15.35 limits downside exposure.
Portfolio Allocation: Keeping the position size at 1% reflects the high-risk nature of the trade, minimizing overall portfolio impact.
Disclaimer
This recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
MSTR - Can I BUY now?NASDAQ:MSTR seems to have found a base at my ideal target for w4. (Would have been great if I managed to publish it ;/)
To keep this brief, I like this area as a base before finding higher.
Goo dLuck!
amd isnt looking so hot. Important zone now!if AMD doesnt hold this level, the 200 ema on the week chart, we could be in a much stronger bear market on AMD. watch this level coul dbea good key level for options trading! the indicators are saying that its about to bounce but price and volume are more important. so we will see some time next week!
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years!
In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall.
So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :)
As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision.
I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows.
The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle.
This should also coincide with a cyclical top across the cryptoverse.
What are your thoughts?
Lucid Group W1 (NASDAQ Market) Volume & TrendLucid Group W1 (NASDAQ Market) Volume & Trend
still we are in down trend until we break the COB (Chang of Behaviour) level.
Regards,
