A double bottom pattern is a well-known charting formation in technical analysis that signifies a significant shift in trend and a reversal of momentum from a previous downward movement in market trading - Great Buying Opportunity!!!! The attempt will be made to reach $250 rather than proceeding to $150. - The range of $176 is being securely maintained. -...
PELTON currently has an opportunity to full the gap at 5.55. It would be wise to consider purchasing now for short-term gains. The stock recently rebounded from a support level of $4 after the earning and it entered UPTREND as Momentum indicator ascends above 0 level on February 15, 2024. Moving Higher for three days straight can be view as a bullish sign. Thank you
The inverse head and shoulder pattern is evident to me. The CPI data on 12/13/2024 will provide insights into whether it will recover to 194. For TSLA to resume its rally, it must surpass the 194 mark and ensure that the 177 level is maintained to prevent further decline. Unless there are additional negative news or a market correction, it is unlikely for TSLA to...
The Double Bottom indicates a bullish reversal and bears resemblance to the W pattern. This chart pattern is formed after a downtrend, where two lows are observed below the resistance level, commonly known as the neckline. Let's see whether Cathie Wood has made accurate predictions. Price 1 Standard Deviation Resistance 8.64 Price 2 Standard Deviations...
The falling wedge pattern is followed by technical analysts because it typically signals a bullish reversal after a downtrend or a trend continuation during an established uptrend. +Firms with low earnings estimates tend to perform better than anticipated—because of the low bar: They've nowhere to go but up. 09/21/2023 Snap surpasses 5M paid subscribers Snap...
There are two scenarios following a very good earnings report. I believe a falling wedge is more likely, but if the guidance comes out low again, I see an inverse head and shoulder case. In any case, the price of NYSE:SNAP is currently at a low and its current real value is $10. Buying right now is a fantastic time to stock up on stocks. The chart says it, and...
A cup and handle is a bullish technical price pattern that appears in the shape of a handled cup on a price chart. You will see NYSE:SNAP going up to $20 or more before earning on February 2024. Plus, we expect good earning again due to - Amazon Deal : Snapchat allow users to directly purchase amazon products on Snapchat - Tiktok Ban: Earlier this year,...
With a low RSI, the MACD is going positive. By the end of September, SNAP expects to be at 10.40. Begin gathering now. SNAP BULLISH
All of the growth stocks have reached their lows. Unless the trendline is broken, buy growth companies such as NYSE:PLTR , BSE:UNITY , NASDAQ:PYPL , and NYSE:SNAP !!!!
Despite the market consolidation, I agree that the SNAP sell-off was an overreaction. Big hands are attempting to shake off the Snap investors in order to move higher. Currently, large volumes are being bought as much as they can at below resistance, which is around 11.22, but if it breaks, we should expect 12.19 in no time. This is the time to start collecting...