NASDAQ:AMD appears to be switching direction and showing signs of a potential recovery as it recently crossed the 150-day moving average. There is a strong indication for a target price around $187. Different traders might see varying patterns in AMD’s price action: a double bottom (W pattern), a bullish flag, or a cup and handle – all of which suggest a...
Continuing from my last two ideas on NASDAQ:MU , the double-bottom formation still has potential. There's an unclosed gap around $123 that should be closed, and I see similarities between the earnings surge back in March and the current one in September. If this plays out, my price target is $137.13, with a possible test of the all-time high at $157. My Trade...
Micron ( NASDAQ:MU ) is handling the potential double bottom formation well, with a key breakout level approaching at $109. I wouldn’t jump in until it crosses this level, as I want to see the stock approaching its 150-day moving average, currently around $112.19. Once we see that breakout, I’d expect a solid trade with a target around $136.50. While I’m not in...
NVIDIA ( NASDAQ:NVDA ) is currently consolidating between lowering highs and rising lows, forming a symmetrical triangle. There are two possible support lines: one starting from October 2022 and another from February 2024. I’m leaning toward the 2022 support, as it lines up with the 150-day moving average (MA150), making it more reliable. The stock is trapped...
Broadcom ( NASDAQ:AVGO ) is approaching a critical level with a potential double bottom pattern in play. The stock is facing strong resistance at $167.50, where both horizontal resistance and the descending tops trendline converge. Breaking through this key zone could lead to a run toward the all-time high of $188.33. On the other hand, support remains...
Palantir ( NYSE:PLTR ) is completing a cup-and-handle pattern and is now pushing toward its all-time high of $45. However, with the RSI running hot and the 150-day moving average well below current levels, the stock looks overextended . Historically, Palantir tends to see a pullback before earnings, which could present an opportunity for a better entry point...
NextEra Energy - NYSE:NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50 . The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report , NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI...
PayPal is showing a well-formed cup-and-handle pattern, with a currently consolidating handle. The stock is moving within an ascending channel, which helps project a path to the bullish target of $92.40 . However , this is an early-stage breakout setup and carries some risk . If the price breaks below the lower boundary of the ascending channel (currently...
I'm seeing the early stages of a double bottom pattern forming in Micron's ( NASDAQ:MU ) price action. While the stock remains under the 150-day SMA at $112 , a breakout above the $90 neckline could signal a reversal with an upside target around $140—a potential 55% gain. This setup is still far from confirmed and represents a high-risk trade , but it...
Theory : Oracle has a history of significant price gaps after earnings reports. The stock is currently trading within an ascending channel and has an open gap from the last earnings. I expect a pullback to close this gap before the next earnings report triggers a potential upward gap. Ideal Entry Point : 142.51 - 144.97 USD (after the gap fills and the price...