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NVIDIA - Momentum but need to 'slow down' before continuationNVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company. Since October 2022, NVIDIA shares have been on an upward trajectory, and during that time plenty of opportunities (that I all missed!) in buying at breakout points from a solid base and also from a pullback and B. Looking ahead, there is an anticipation of NVIDIA's stock continuing its upward momentum next week. The missed daily pivot on Friday suggests a potential continuation of buyer's control. Having said that, I do hope the bullish momentum come to a 'halt' when it testing the all time high at $440.27 and then start to make a solid pullback and perhaps form a base above the moving averages, before the stock makes new all time high throughout the year.
NASDAQ:NVDALong
by sufiansaid
6
ADBE - Solid Fundamentals and MomentumAdobe Inc. (ADBE) stands out as a company with strong fundamentals. Adobe is renowned for its exceptional products such as Photoshop, Acrobat Reader and Creative Cloud. ADBE's price climbed up to 54% since May 2023 Rather than succumbing to the fear of missing out (FOMO), a patient approach is warranted. I refused to chase the price. I want the price to come to me. Waiting for a pullback or the formation of a solid base will provide opportune moments for entry. A pullback can offer an attractive entry opportunity. Waiting for a pullback or the formation of a solid base would provide me strategic entry points. By monitoring key support levels, daily pivot misses, and structural breakouts as a mean of my timing to buy the stock with optimized risk and reward. Entry trigger from a pullback : Price retraces to significant levels and then a bullish reversal candle formed or a structural breakout or a daily pivot being missed. Entry trigger from a solid base : Price breaks the resistance level WITH volume.
NASDAQ:ADBELong
by sufiansaid
VIPS (Long) - Undervalued Outperforming Chinese GemFundamentals The Chinese market has not performed rather well year-to-date, which makes the price action of VIPS that more impressive . Despite the wider market struggling, the firm showed strong growth last year with 35% growth in earnings. The recovering Chinese market might propel even more demand (which is the Chinese government actively supporting) and of which NYSE:VIPS would be one of the major beneficiaries The company is also quite undervalued with P/E = 9.8 and P/S = 0.6 The fundamentals are pristine with negligible amount of debt and high returns on equity and assets The market is smelling internal strength and earnings next week might serve as a perfect propellent to rocket the stock out of the base Technicals The company has been basing and creating a rounding base since the start of the year My main selling point is the impressive relative strength . While the Chinese tech market has been deteriorating since the start of the year, VIPS has been standing strong, buying back every possible breakdown. I have been actively watching price action on this stock for two months and investors are actively buying any potential downside. Relative strength against AMEX:KWEB is shown at the bottom of the chart, clearly pointing higher; RSI is breaking above 60; MACD is breaking out; stochastics are showing strength and the A/D line has been strengthening throughout the basing process Overall, the pattern very much looks like a bull flag about to break out Trade One option is to enter now and catch a perfect buy point, but then there is a need to risk a negative earnings surprise (I chose this option and entered today) Or wait until after the earnings which would be safer but risking a worse buying point; decision is up to your risk appetite Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:VIPSLong
by jurajholik
BROS - Dutch Bros Inc.One of the longer-term plays I am watching. IPO'd back in 2021, they don't have much in the way of current earnings, but analyst estimates are expecting big growth over the next couple of years. Starting to inch its way up the right side of a possible stage 1 base on good volume. Don't need to rush into buying this one - need to let it show me that it is in fact ready to go. As of now, it's still in a downtrend regardless of the constructive action since the start of the year.
NYSE:BROSLong
by apaqu
CDAY - on the verge of trending up?CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out. With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up trend in the near future esp when it can start trading above it's last recent hi @ 73. Let see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CLong
by Juliac
Buying before the breakout : Pocket PivotABC is a company with good accelarated Earnings and good margins. The company is identified as tradeable via fundamental analysis/funadmental screening. Now whats left is when to get it. I wait for the price to break the 100-200 ema ribbon and make some kind of base/price structure around the area and see if there is a pocket pivot around/inside the base. Preferably before a breakout of the base (if a breakout candle coincide with a pocket pivot, thats okay too)
ALong
by sufiansaid
Healthcare leader $PRGO making a shark pattern Perrigo is in the Medical-Generic Drugs Group, they develop, manufactures, markets, and distributes private label self-care products, including cough, cold, and allergy products, analgesics, gastrointestinal products, smoking cessation products, infant formula and food products. IBD gives it a #1 rank in its industry. PRGO made its major low in May while XLV made it in late June. That's very good relative strength. Now, after the price broke above its 200-day MA, its been forming a base giving a good opportunity to buy. The price is making shark pattern with a pivot buy at $43.01. I'll leave a STOP BUY at that level.
NYSE:PRGOLong
by dpuleo19
Potential base on bitcoin??The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!Long
by The_STA
Rare PUMP pattern. Look for a "Base" on BTC🚀Every trader want to catch the pumps because only in this situation you can get the highest RR. In this educational idea we will talk about pattern which help you to identify upcoming pumps. It`s a base pattern. "Base" is consolidation pattern which is forming at the market bottom and a part of famous cup and handle pattern. "Base" is acually a copy of cup and it`s lead to PUMP✅when the price break up this pattern. 📊 Why base is important for the long traders❓ Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"! 📊 Why the formation of the base leads to PUMP❓ As i said the base is the consolidation pattern where the big players can accumulate enough✅liquidity from scared retail traders. 🔥In the most cases the base forming at the market bottom when the biggest part of traders think that crypto continue to DUMP and sell their crypto at loss or at breakeven. But who buys this huge amount of crypto? Of course this is someone who don`t scare - the big players. 🔥Additionally, the price "compresses like a spring" in consolidation range and when the crypto break up the base the "spring uncompresses" and PUMP begin. 📊 What indicator helps to identify the base and upcoming PUMPS❓ This is a basic volume indicator. The volume growth helps you to identify the bottom. A lot of crypto sells by retail traders and the volume bars grows. 📊 What timeframes should you use to have beggiest winrate (80-90%)❓ The higher the timeframe the better, especially for beginners: 1️⃣ 4h 2️⃣ 1d 3️⃣ 1w 🚩 You need to have experience and complete scalping studying to identify PUMPS at lower timeframes (5m, 15m, 1h). Look for the "base" on the higher timeframes then move to lower timeframes to have clear understanding of this pattern and find the best entry point. I use the trandline breakout to open a long before the pump. Maybe, you will share your tools to open a long before a pump? 🚩 Traders, do we have the base on BTC now❓ Are retail traders scared and think that BTC will fall lower? Let`s discuss it in the comment! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
30
Long-term View for EthereumETH is currently attempting to distribute into a bottom. Looking at history as a guide, I found that it broke out massively into a pennant after basing during its 2015-2016 time period. After consolidating from 2016-2017, it broke out once again- rallying a whopping 23,000% in a year. Notice that this major breakout occurred when the price found support right at the 2015-2016 base's prior resistance. Fast forward to today, I find that we're in a technically similar situation. We've witnessed a sizeable basing period from 2018-2021 with a breakout that proceeded into a pennant currently being constructed. I believe we'll bottom entirely when we touch the 2018-2021 base's initial resistance, showing the completed pennant (around $1500). It just so happens that the merge to ETH 2.0 is rumored to occur during August, right where I assume the completion of the pennant will occur. GLTA!
BITSTAMP:ETHUSDLong
by ClargyInvesting