Costco stock shares are nearing a zone of buying interest between 660 and 680, presenting an opportunity for bullish traders. On the upside, the region between 740 and 800 is likely to attract bearish sentiment during the second quarter of 2024
SPY is currently exhibiting increased volatility, which could offer opportunities for traders to consider buying dips and selling peaks. The area around 513 may attract trader interest, with a corresponding risk level near 508. Upside potential is identified around 522 and 523. This period of volatility is expected to continue until the end of April 2024.
NZDUSD has reached a bottom around 0.6 and is expected to rise towards 0.63 by the end of June 2024.
AUDCAD appears to have reached a bottom and is poised to an upward movement towards 0.9
EURUSD appears to be indicating a potential bottom formation around the 1.08 mark, having approached a significant level at 1.078. There's a possibility of a rebound towards the range of 1.10 to 1.103 during the second quarter of 2024.
EURGBP is expected to find support within the range of 0.852 to 0.854 and could potentially experience a short-term recovery towards levels around 0.86 and 0.8625 by the end of April 2024.
LTR could potentially reach a range of 40 to 45 by December 2024, a level previously seen in January 2021. The area between 22 and 24 is noteworthy, offering a balanced risk-reward. Continuation of the upward trend may be sustained as long as the stock holds above 22
MSFT has been gaining momentum over the long term, indicating a potential move towards the 460 to 470 range by the second quarter of 2024. The stock's stability between 410 and 420 may potentially set the stage for a modest upside of over 10%.
XBI appears to be indicating signs of bottoming out, with a potential target range of 103/104 by the end of April 2024, provided that the 92/95 range holds as support.
The current pattern in the ARKK ETF suggests a possible upward movement towards the 60/70 range by June 2024. However, if the stock shows weakness and falls into the 46 to 49 range, it may present a more balanced risk and reward scenario.
Home Depot Inc (HD) stock is gaining momentum and could reach between 410 and 420 in the second quarter of 2024. However, there might be a short-term dip, with potential buying opportunities in the range of 370 to 375.
CVNA stock's momentum and bullish pattern indicate a high probability of continued upward movement. If the price experiences a dip, traders are likely to show buying interest in the 77 to 82 range. Initial price targets for the stock are estimated around the 200 and 260 zones.
The TSLA stock price appears to be showing signs of exhaustion within the bearish trend, suggesting a potential upward movement by the end of the second quarter of 2024. Initial targets are estimated to be between 190 and 200, with the possibility of reaching higher levels, around 240. Additionally, the pattern indicates a potential upside surprise if the price...
USDCAD could see a temporary decline if it stays within the range of 1.36 to 1.365. The area between 1.34 and 1.35 is likely to draw buyers in short-term.
ACN is currently exhibiting some short-term weakness, but the broader bullish pattern suggests potential for improved performance in the second quarter of 2024. The range between 330 and 350 could attract interest for potential buyers. A target around 410 is being considered, indicating a potential upside of over 20%
The bullish pattern indicates a potential upward movement for XLY (Consumer Discretionary Select Sector SPDR Fund) towards the target zone of 220-230 by the year's end.
If the current bearish trend persists, NZDCAD may find support around the key level of 0.813, potentially leading to a rebound. Our price target for the end of June 2024 is projected to be in the range of 0.83 to 0.837.
Expecting a recovery from the 500/505 range Despite potential downward pressure, SPY's robust trend is poised to persist. Should prices dip into the 500-505 range, There's a strong probability of a rebound toward the 512-517 range.