Gehad_Abouelela

Gehad_Abouelela Updated 

General Motors Company witnessed a rebound after forming a higher low at 45.93, to violate the minor resistance level of 48.04 by yesterday's session. then remaining above this level, will drive GM to test the last peak at 49.35, which is the level that needs to be violated to confirm the current uptrend, with higher targets near 50.35 - 50.80 - 51.50 - 52.90 -...

Gehad_Abouelela Updated 

AVPT witnessed a strong rebound after forming a minor higher bottom at 8$, violating the major resistance area 8.61$ - 8.74$, and the confirmation of that breakout by remaining above 8.74$ in Monday's session. which will trigger further rises near 9.03$ - 9.32$ - 9.58$ - 9.86$ - 10.15$ - 10.55$ on the short-term. the indicators are heading towards the positive...

Gehad_Abouelela

Hut 8 Corp witnessed a strong rebound in yesterday's session, violating the major resistance at 12.16, and the confirmation of this breakout by remaining above 12.16, will confirm the current uptrend, which will trigger further rises near 13.75 - 14.43 - 15.80 - 16.75. he stop-loss lies below 10.90. the indicators are heading toward the positive side, which...

Gehad_Abouelela

Bread Financial Holdings witnessed a strong rebound after testing the adjusting uptrend line at 38.40, violating the last peak at 42.73 by yesterday's session. then the remaining above this peak, will confirm the current uptrend, which will trigger further rises near 44.52 - 46.30 - 50.30 - 53.30 - 55.90. The stop-loss lies below 41.44. the indicators are...

Gehad_Abouelela

Nurix Therapeutics witnessed a strong rebound in yesterday's session, violating the last peak at 18.12, and remaining above this level in today's session, will confirm this breakout, which will confirm the current uptrend, with higher targets near 19.92 - 21.53 - 24 - 25.46 - 27.30. The stop-loss lies below 17.28. the indicators are heading toward the positive...

Gehad_Abouelela Updated 

Hecla Mining Co. (HL) witnessed a strong rebound in Friday's session violating the last major peak at 5.90$. If it remains above this peak of $5.90 by today's session, it will confirm the current uptrend in the short and medium term, leading to further rises near 6.23 - 6.36 - 6.48 - 6.68 - 7.00$ in the short term. the indicators are heading toward the positive...

Gehad_Abouelela

Incyte Corp. witnessed a rebound after attempting to test the support level at 61.89, to close below the minor resistance 63.05, which is the level that needs to be violated to confirm the current positivity, which will trigger further rises near 62.65 - 65 - 65.61 - 66.43 - 67.40. The stop-loss lies below 61.40. the indicators are heading toward the positive...

Gehad_Abouelela

Altair Engineering witnessed a strong rebound after violating the major peak 92.92 - 93.70. This pushed the stock to continue rising and violate the minor resistance level at 98.38. The confirmation of that breakout, by closing above 98.38 for 2 trading sessions, will confirm the current uptrend, triggering further rises towards 102.50 - 108 - 112.65 - 118. The...

Gehad_Abouelela Updated 

The stock witnessed a strong rebound after testing the uptrend line at $1.945 in the first quarter of 2024. violating the previous major peak at $3.60 last week and remaining above this level will confirm the uptrend in the long, medium, and short term. This will drive GCI to see further rises near 4.15 - 4.52 - 4.87 - 5.54 in the short term. the indicators are...

Gehad_Abouelela Updated 

on the daily chart, HOOD witnessed a strong rebound after forming a new higher low at 16.22$, to violate the resistance level at 19.44$, after BofA double upgraded Robinhood (HOOD) to Buy from Underperform. then remaining above 19.44$, will push the stock to test the last major peak at 20.55$, which is the level that needs to be violated, to confirm the major...

Gehad_Abouelela

The Trade Desk witnessed a strong rebound after forming a new higher low at 85.12$, violating the major peak 92.18$ - 94$, and the confirmation of that breakout by remaining above 94$ in Monday's session, will confirm the major uptrend. which will trigger further rises near 97.30 - 99.50 - 105 - 110.87 - 114 on the short term. the indicators are heading towards...

Gehad_Abouelela

Dow Jones witnessed a slight rebound in yesterday’s session, closed below last peak that lies at 34147, after testing it during the session. Now Dow Jones needs to break the mentioned peak, to confirm current strength in its performance, and lead to further rises near to 34291 – 34588 – 34775 in the short-term. On the other hand, 33705 – 33450 levels, will be...

Gehad_Abouelela

Yesterday, NASDAQ continued its rebound to test the downtrend line at 15,150, which the index has traded below it since mid-July 2023. As 15,150 consider the deciding point, that the index need to exceed it, to can continue rising near to 15335 – 15513 – 15618 On the other hand, the index will may find support at 14925 – 14850, and that’s if there is any decline...

Gehad_Abouelela

S&P500 witnessed a rebound above 4335 level by yesterday’ session, and it seems that the index is on its way to test last peak hat lies at 4395, which consider the level that we need to violate it, to lead S&P500 to further rises near to 4430 – 4461 – 4512 – 4541 The mentioned positive scenario is valid as long as remain above 4285 The indicators is still...

Gehad_Abouelela

On daily chart, the SPND continues to create a series of higher lows and higher highs, which confirm current uptrend. It seems that, SPND is on his way to test the current resistance area that lies on 15.64 – 15.81$, which consider the level, that the SPDN need to break it to upside, to trigger it targets higher levels near to 16.26 - 16.80 - 17.27$ on short term...

Gehad_Abouelela

On daily chart, LABD is trading in an uptrend, and by Friday’s session, LABD has broken major resistance that lies on 29.19$, and the confirmation of that breakout, will trigger LABD witness further rises near to 31.72 – 34.20 – 41.40 – 42.71 om short term basis. Stop loss will lies below 25.66$(last bottom). And we noticed that, the indicators heading towards...

Gehad_Abouelela

CL's current support area lies on 82.31 - 81.50 , which consider a stop loss, as the breakout of it will turn the trend to downtrend with lower targets near to 79.34 - 77.60$ Crude oil need to break 85.60$ to above, to cancel the mentioned negative scenario, and trigger it to target higher levels near to 88.19 - 90.78$

Gehad_Abouelela

Gold's current resistance zone lies on 2000 – 2010$, which need to be broken, to confirm current uptrend and lead Gold to target higher levels near to 2033 – 2056 – 2085.40$ The stop loss lies below last bottom 1964.60$