Tesla Poised to move 100% Tesla appears to have reached a support level around $200, having previously reached annual highs near $400. The prevailing upward trend is likely to persist, considering Tesla's oversold condition and indications of market exhaustion on the downside.
Moreover, given the recent surge in AI stocks, it's highly probable that Tesla will achieve the $400 target, a sentiment confidently echoed here at NIXXWORLD.
AI
Microsoft's €3.2 Billion AI Investment: A Boon for GermanyMicrosoft (NASDAQ: NASDAQ:MSFT ) announced a staggering €3.2 billion investment over the next two years primarily directed towards bolstering Germany's artificial intelligence (AI) capabilities. This landmark investment, the largest by the U.S. software giant in Germany over the past four decades, signifies a resounding vote of confidence in Germany's innovation potential amid economic uncertainties.
Microsoft's ( NASDAQ:MSFT ) President, Brad Smith, unveiled the ambitious plan, emphasizing the company's unwavering confidence in Germany's position as a technological powerhouse. With a focus on doubling the capacity of AI and data center infrastructure, Microsoft ( NASDAQ:MSFT ) aims to propel Germany to the forefront of AI-driven innovation, leveraging its rich legacy of technological prowess. Smith's statement underscores Germany's pivotal role in spearheading technological advancements, particularly in AI applications, despite facing challenges such as a significant skill gap in the AI sector.
Chancellor Olaf Scholz hailed Microsoft's ( NASDAQ:MSFT ) investment as a testament to Germany's enduring appeal as a global business hub. Against the backdrop of a projected economic downturn, Scholz lauded the move as a catalyst for revitalizing Germany's economic landscape, aligning with his efforts to enhance the nation's business appeal. Despite acknowledging the prevailing economic challenges, Scholz expressed optimism, foreseeing a resurgence in economic growth fueled by strategic investments such as Microsoft's.
However, amidst the optimism surrounding Microsoft's landmark investment, concerns linger regarding bureaucratic hurdles and data privacy regulations. Smith's assurance of advocating for balanced and practical regulations reflects the company's commitment to navigating the regulatory landscape while maintaining global standards. Moreover, Microsoft's investment correlates with a broader trend of tech giants, including Taiwanese chipmaker TSMC and Intel, gravitating towards Germany with substantial state support, signaling the country's growing allure as a technology investment haven.
Marianne Janik, CEO of Microsoft ( NASDAQ:MSFT ) Germany, provided insights into the geographical focus of the investment, hinting at the western Rhineland region and Frankfurt's banking hub as potential beneficiaries. While specifics regarding the allocation of funds remain undisclosed, Microsoft's strategic focus on key regions underscores its aim to foster localized innovation hubs, driving economic growth and technological advancement across Germany.
In conclusion, Microsoft's ( NASDAQ:MSFT ) monumental investment marks a transformative milestone in Germany's technological evolution, positioning the nation as a global leader in AI innovation. As Germany navigates through economic headwinds, Microsoft's unwavering commitment serves as a beacon of hope, heralding a new era of technological resurgence and economic prosperity propelled by AI-driven innovation.
☄ Natural Gas Futures: This Is Ground Control To Major TomThis publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023.
Good or bad, y'all be the judge. But here's what ChatGPT said...
As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural gas prices drop below zero in 2023:
1. Growth in the use of alternative energy sources such as solar and wind energy.
2. Increasing US shale gas production, which will lead to an increase in global supply.
3. Reduced demand for natural gas due to switching to other types of fuel.
4. Increasing natural gas production in highly competitive countries such as Russia and Qatar.
5. The weakening of economic activity in various countries of the world, including China, the US and Europe.
6. Reducing inflation in various countries, which reduces the cost of natural gas.
7. A record increase in natural gas inventories caused by a reduction in demand and an increase in production.
8. Disputes between countries-suppliers and consumers of natural gas, which may lead to a decrease in exports and imports.
9. Increasing competition in the natural gas market from other producers such as Iran and Iraq.
10. Development of new technologies that make it possible to obtain energy from other sources without the use of natural gas.
Technical picture in Natural Gas Futures indicates the biggest YTD decline over the all history of Natural Gas Futures trading since early 1990x.
The main chart is adjusted for futures change All History Chart.
ACA.X in upward trendACA.X in upward trend: 10-day moving average broke above 50-day moving average on February 11, 2024
The 10-day moving average for ACA.X crossed bullishly above the 50-day moving average on February 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 88%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ACA.X as a result. In 24 of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 51%.
The Moving Average Convergence Divergence (MACD) for ACA.X just turned positive on February 02, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 13 of 20 cases over the following month. The odds of a continued upward trend are 65%.
ACA.X moved above its 50-day moving average on February 08, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +12.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 87 of 125 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
Bearish Trend Analysis
The 10-day RSI Indicator for ACA.X moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator moved out of overbought territory. In 7 of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at 47%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
ACA.X broke above its upper Bollinger Band on February 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ACA.X entered a downward trend on February 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
AI made a Bullish Break-out and is targeting $60.C3.ai (AI) broke on Monday above the 8-month Lower Highs trend-line that dictated the former Bearish Leg of the 1.5 year Channel Up pattern. That is a major technical bullish break-out for the long-term as at the same time the 1D MACD completed a full Bullish Cross.
The last time we had such a series of technical events was on the January 13 2023 bullish break-out where the stock closed again a 1D candle above the Lower Highs. The price rallied +205% from the bottom. The next rally that formed the June 16 2023 Higher High on the Channel Up was on a +190% rally. Assuming a -15% decrease on every Bullish Leg, we expect the current rally to peak a +175% from the bottom. As a result we are placing our target just under the 1.382 Fibonacci extension (standard Higher High target) at $60.00.
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ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 36 of 58 cases over the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 66 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 188 of 304 cases where ADA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
ADA.X broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
AI 28.01.24I am still hopeful about the overall market and we are entering a period where we will regularly witness some coins pumping high every week.
Entry: 1.13-1.17
Stop: 1.1
TP1: 1.45-1.46
TP2: 1.55
TP3: 1.73
It would not make much sense to enter at these levels. It will be a risky transaction since it is a new coin and its futures graph is not yet established. My stop price is 1.1, but I will still hold the position until the price of 1, even at a loss.
What I write here serves as a note to myself. Does not include investment advice.
NVidia - Will it continue to run past $750?$750 is the level to watch for NVidia
Current trajectory should take it there by next week's friday.
If it drops down to 700, it's very liable to drop more.
Given their current news about local AI and the AI war against that's opening up against them for $7 Trillion, I'd personally expect to see share value to continue to climb to $850 by mid March
BNB.X in +5.27% UptrendBNB.X in +5.27% Uptrend, rising for three consecutive days on February 09, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNB.X advanced for three days, in 245 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 07, 2024. You may want to consider a long position or call options on BNB.X as a result. In 65 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on February 08, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 27 of 60 cases over the following month. The odds of a continued upward trend are 45%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%.
BNB.X broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BNB.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
SOL.X in +6.17% UptrendSOL.X in +6.17% Uptrend, advancing for three consecutive days on February 10, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SOL.X advanced for three days, in 240 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2024. You may want to consider a long position or call options on SOL.X as a result. In 68 of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for SOL.X just turned positive on January 29, 2024. Looking at past instances where SOL.X's MACD turned positive, the stock continued to rise in 32 of 52 cases over the following month. The odds of a continued upward trend are 62%.
SOL.X moved above its 50-day moving average on February 07, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SOL.X crossed bullishly above the 50-day moving average on February 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
The Aroon Indicator entered an Uptrend today. In 202 of 284 cases where SOL.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOL.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
SOL.X broke above its upper Bollinger Band on February 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 37 of 58 cases over the following month. The odds of a continued upward trend are 64%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 68 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 55%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
BINANCE:ADAUSDT
Momentum Indicator for ETH.X turns positiveMomentum Indicator for ETH.X turns positive, indicating new upward trend
ETH.X saw its Momentum Indicator move above the 0 level on February 02, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 118 similar instances where the indicator turned positive. In 78 of the 118 cases, the stock moved higher in the following days. The odds of a move higher are at 66%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ETH.X just turned positive on February 06, 2024. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in 38 of 66 cases over the following month. The odds of a continued upward trend are 58%.
ETH.X moved above its 50-day moving average on February 06, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ETH.X crossed bullishly above the 50-day moving average on February 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 22 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
Following a +0.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 265 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
BINANCE:ETHUSD
#AI/USDT LONG#AI
The price is moving in a descending channel pattern on a 1 H frame
In the event that the price penetrates the descending channel upward, it is expected to reach the targets
Also we have oversold on MACD
Current price 1.16
The first goal is 1.20
The third goal is 1.25
Third goal 1.31
NVIDIA to keep on this crazy rally?NVIDIA - Intraday expiry - We look to Buy a break of 710.15 (stop at 694.15)
Price action has formed a bullish ascending triangle formation.
There is no clear indication that the upward move is coming to an end.
Daily signals for sentiment are at overbought extremes.
In our opinion, this stock is overvalued.
A break of the recent high at 709.44 should result in a further move higher. The bias is to break to the upside.
Our profit targets will be 750.15 and 760.15
Resistance: 709.44 / 720.00 / 740.00
Support: 693.50 / 680.00 / 663.00
Google's Gemini Advanced: Redefining Premium AI ServicesIn a bold move to reshape the landscape of AI services, Google (NASDAQ: NASDAQ:GOOGL ) recently announced the launch of its premium edition AI bot, Gemini Advanced. This new offering not only introduces users to a higher level of AI sophistication but also underscores Google's strategic positioning in the competitive AI market. By integrating cutting-edge technology with an innovative subscription model, Google ( NASDAQ:GOOGL ) aims to redefine the way users interact with artificial intelligence.
Unveiling Gemini Advanced: A Paradigm Shift in AI Subscription Services
Gemini Advanced represents a paradigm shift in AI subscription services, offering users a host of advanced features and capabilities. With Gemini Ultra, Google's largest AI model, at its core, Gemini Advanced provides users with unparalleled levels of responsiveness, accuracy, and versatility. Priced at $19.99 per month, this subscription plan includes access to Gemini Ultra, along with 2TB of Google ( NASDAQ:GOOGL ) Cloud storage and future updates expanding Gemini's integration with Google's suite of productivity tools.
The Strategic Rebranding: From Brad to Gemini
The transition from Brad to Gemini signifies more than just a change in name; it reflects Google's broader vision for its AI ecosystem. By consolidating its AI offerings under the Gemini brand, Google ( NASDAQ:GOOGL ) aims to create a cohesive and interconnected platform that spans across various applications and services. The introduction of three variants - Nano, Pro, and Ultra - caters to different user needs and underscores Google's commitment to democratizing access to advanced AI technologies.
Competitive Dynamics in the AI Race: Google vs. Microsoft and OpenAI
Google's move to launch Gemini Advanced positions the company as a frontrunner in the ongoing AI race, challenging competitors like Microsoft and OpenAI. With the global AI market projected to experience exponential growth, tech companies are increasingly vying for dominance in this lucrative space. Google's subscription-based approach not only generates recurring revenue but also fosters deeper user engagement and loyalty, giving it a competitive edge over its rivals.
Subscription-Based AI Models: Trends and Opportunities in the Tech Industry
The emergence of subscription-based AI models represents a significant trend in the tech industry, offering companies a sustainable revenue stream and users access to cutting-edge technology without hefty upfront costs. Google's Gemini Advanced exemplifies this trend, leveraging the power of AI to deliver value-added services to its subscribers. As AI continues to permeate various sectors and industries, subscription-based models are poised to play a pivotal role in driving innovation and shaping the future of AI services.
Conclusion:
Google's Gemini Advanced stands as a testament to the company's commitment to pushing the boundaries of AI technology and delivering premium experiences to its users. With its advanced features, strategic rebranding, and competitive positioning, Gemini Advanced sets a new standard for premium AI services in the digital era. As the AI landscape continues to evolve, Google's innovative approach to subscription-based AI models is poised to redefine the way we interact with artificial intelligence now and in the years to come.
🚚🚚 The first Tesla Cybertruck deliveries are set to be happen The first Tesla Cybertruck deliveries are set to be happen tomorrow, on November 30.
Tesla is finally ready to throw its hat into the most important vehicle segment in the US.
The long-awaited Cybertruck, with its futuristic design and embarrassing shattered-window reveal, is finally set to enter production in 2023. Its arrival could be a turning point for the market with its alien looks, high-tech features, and unique body shape.
The company will host a Cybertruck delivery event at 1 p.m. CT on November 30 at its Texas Gigafactory — a delivery event that's long been delayed by various production difficulties.
"We dug our own grave with Cybertruck," Elon Musk said on Tesla's third-quarter earnings call.
The Tesla CEO said the EV pickup truck will require a "staggering" amount of work to ramp up because "it's the nature of the newness." However, he says the company is doing its best to simplify the vehicle.
"It will be cool, but it's utilitarian," he says.
Musk has previously talked about "production hell" during Tesla's past Model 3 ramp.
In the years since its first reveal, Musk has slowly revealed new details about the truck and its performance. Here's what we know so far.
New details from Q3 earnings call
👉 Musk says he expects to reach production of about a quarter million Cybertrucks a year.
👉 "But I don't think we'll reach that output next year .... probably sometime in 2025," he says.
👉 He also talks about the challenges of the ramp-up period.
"The ramp is going to be extremely difficult. There's no way around that," Musk says. "If you want to do something radical and innovative and something's really special like the Cybertruck, it is extremely difficult because there is nothing to copy."
"The more uncharted the territory, the less predictable the outcome," he added.
Musk says he wants to "temper expectations" for the Cybertruck, predicting it will take a year to 18 months before the vehicle can become a significant cash flow contributor, he cites the difficulties of scaling production on a new vehicle, as well as selling the EV at a "price people can afford."
The CEO says demand for the Cybertruck is high, and he believes it is one of Tesla's best products.
What are the features of a Tesla Cybertruck?
Musk has made numerous claims about the truck's purported capabilities that remain to be seen. He said the Cybertruck will be able to "serve briefly as a boat," and have rear-wheel steering. Its exoskeleton-based body is the opposite of how trucks are usually produced — and how they usually look.
What actually makes it into the final list of Cybertruck features is anyone's guess.
"This is a vehicle that competes against everybody and nobody," Ivan Drury, an automotive analyst for the car-shopping website Edmunds, told Insider earlier this year. "If the Cybertruck comes to fruition looking like it did at the debut, that should be more than enough — everything else from tech and features is just icing on the cake."
He compared the Cybertruck to Hummer, a similarly large and impractical vehicle that could attract enthusiasts and wealthy luxury buyers alike.
When will a Tesla Cybertruck come on the market?
Musk confirmed in May that Tesla will make the Cybertruck available to customers later in 2023.
"Sorry for the delay, we're finally going to start delivering production Cybertrucks later this year," he said. "And I think the product, if anything, is better than expectations."
It's the first completely new Tesla product in years and comes at a time when both Tesla and the pickup truck market need some fresh ideas.
How much does Tesla's Cybertruck cost?
It's unclear how much a Cybertruck will cost. Originally, in 2019, the company said the Cybertruck would cost $40,000, but Musk has since said that the price will change.
Generally, the Tesla price range starts around $40,000 for the cheapest variant of the Tesla Model 3 and goes up to $108,490 for the Plaid variant of the Tesla Model X. The Tesla Roadster is expected to be the most expensive model once it goes into production, at a base price around $200,000.
A now-deleted contract clause aimed at preventing early customers from reselling their trucks hints that the truck may not be cheap — or plentiful — when it is finally released, experts told Business Insider.
Tesla is currently taking refundable $100 deposits.
How long does it take to charge a Cybertruck?
Tesla has said that the Cybertruck will use its new Mega Charger V4 technology and become the quickest-charging EV.
Depending on its battery size, that could mean a full charge in less than a half an hour, though details remain to be seen.
Technical highlights on Tesla stocks ahead of first Cybertruck deliveries
👉 Tesla market capitalization has more than doubled in 2023, as Tesla stock price is near $245-250 range in this time, versus $120-125 range where it was at the end of gloomy 2022.
👉 Tesla stocks broke their 52-weeks SMA key resistance earlier in Q2'23 around $215 per share, with further double confirmation of this spurt in Q3'23 and recently in Q4'23.
👉 Following the major upside channel, Tesla stocks can move upside further, to its best historical levels shortly.
🚚🚚 Happy watching a long awaited Cybertruck delivery event as historical "Moment of Tesla" is just few hours to be there.
ADA.X in downward trendADA.X in downward trend: price dove below 50-day moving average on January 14, 2024
ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend. In 27 of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 68%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 86 cases where ADA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
The Aroon Indicator for ADA.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
PALANTIR starting a new multi-month rally to $45Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this break-out, along with the 1D RSI breaking above its Lower Highs trend-line, should set in motion a multi-month rally similar to the one that started on the May 04 2023 Low.
This gives us three Targets to aim in succession:
a) $24.50, which represents a +58.90% rise such as the one that peaked on November 21 2023.
b) $37.00, which represents a +136.51% rise such as the one that peaked on June 07 2023.
c) $45.00, which represents a +243.33% rise such as the one that peaked on August 01 2023.
The latter two would break the original (blue) Channel Up and start a divering (dotted) more aggressive one.
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