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$BAC Technical Analysis: Key Levels to Watch Ahead of EarningsIn this video, we'll take a closer look at the technical analysis of Bank of America ( NYSE:BAC ) ahead of earnings and identify key levels to watch. Starting with the weekly chart, we'll analyze the overall trend and momentum of the stock. Moving to the daily chart, we'll look at recent price action and important levels of support and resistance. Next, we'll examine the 4-hour chart for any short-term trends or patterns. Finally, we'll analyze the 1-hour chart to identify potential entry and exit points for traders. By the end of this video, you'll have a better understanding of the technical outlook for NYSE:BAC and key levels to watch ahead of earnings.
NYSE:BAC
by Entrenched
9
Falling Wedge Heading Into EarningsPosting a quick update here as CRWD has been holding a macro-downtrend for some time now, and is heading into earnings looking quite bullish. CRWD is holding a massive falling wedge on its daily & weekly timeframes, (See Attached Charts Below), is sitting right on its 50-day EMA with the others starting to curl upwards, Bollinger bands are squeezing (Not Pictured), along with holding a bullish ABCD Elliot Wave on the daily timeframe and some gaps way on the upside still left to be filled. Additionally, CRWD is holding the same falling wedge on the weekly timeframe, accompanied by a massive bullish harmonic pattern as well as some bullish hidden divergence on the RSI. Will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge -- Price Targets & Charts Attached Below-- PT1- $129.71 PT2- $134.26 PT3- $141.71 PT4- $147.90+ --Weekly Timeframe--
NASDAQ:CRWDLong
by jacobosiason7
1
SOL rises to $21.20 is bullish TL;DR Breakdown Solana price analysis shows a bullish trend Resistance for SOL is present at the $21.32 mark Support for the SOL token is present at $20.69 Solana price analysis shows a bullish trend as the token surged above the $21.00 level, and it is currently trading at $21.20. This is a 2.25% increase from the previous 24 hours and shows that the bullish pressure behind SOL continues to grow. The current resistance for SOL is present at the $21.32 mark, so if the price breaks above this level, then we can expect further gains in the near term. On the flip side, the current support for the SOL token is present at $20.69, and if it holds, then we can expect a continuation of its bullish trend.
BITSTAMP:SOLUSDLong
by IPatrice
2
PLSE Earnings Play Long Biotech Pulse Biosciences broke out today from a positive earnings report. Biotechnology stocks often burn cash on a slow growth cycle. This company is making money and so the expected reaction occurred. The volume indicator shows selling pressure in the lead-up to today's earnings. After the report, the reversal to buying pressure occurred nearly immediately. The MACD lines crossed under the histogram and then quickly reached the horizontal zero line serving as a confirmation. I expect a good follow-through next week. This may be a great penny stock to trade or even invest.
NASDAQ:PLSELong
by AwesomeAvani
HYMC Mining Stock swing LONGSee the 4H chart for details. The analysts to not have great ratings but I have learned to respect chart patterns The falling wedge here is expectant for a bullish breakout upwards. Earnings are coming and a good report is expected with fixed costs and rising gold and silver prices. This is the timely catalyst for a trade but not an investment. The penny stock is selling at a 95 % discount off its price 2-3 years ago. I has nowhere to go but up. It could be a takeover candidate of one of the larger and more financially stable mining stocks. All in all, I think this is a good buy going into earnings. See also my idea on spot gold. . GORO is another ticker worth a good look right now but remember all that glitters is not gold. Speaking of miners I have a long idea for BTBT, a crypto miners which has upcoming as well.
NASDAQ:HYMCLong
by AwesomeAvani
Falling Wedge- Bullish - UpdateENPH has been trading sideways for quite some time now while simultaneously getting beaten down by the broader markets, and testing a very strong resistance level circa $223-214.00. However, ENPH has seemingly found a bottom with a significant amount of bullish flow coming in while heading into earnings on 4/23'. From a fundamental standpoint, relative to others in the sector such as FSLR, ENPH is undervalued compared to other big names in the sector. Nevertheless, ENPH is setting up quite nicely here, hovering in and out of oversold territory while holding a massive falling wedge, accompanied by hidden bullish divergence on the RSI on the weekly timeframe (See Attached Chart Below). Furthermore, ENPH is sitting right on its 50-day SMA while bulls & bears are pulling. Regardless, Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --Previous Charts Attached Below As Well As Price Targets-- PT1- $222.58 PT2- $228.34 PT3- $234.62 PT4- $240.37 + Weekly Timeframe Fundamentals Previously Charted
NASDAQ:ENPHLong
by jacobosiason7
Symmetrical Triangle - Sympathy PlayEyeing the entire solar sector here as ENPH heads into earnings tomorrow after retracing back down to the 220 range. Intend to play both, however, SEDG is unique in the sense that there was not the usual retrace back to its respective 200-day MA and has been trading rangebound for quite some time now. Some slight hidden bullish divergence on the RSI, a big symmetrical triangle, a bullish gartley harmonic pattern, and increasing buyer volume relative to seller volume. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below PT1- $325.71 PT2- $328.88 PT3- $334.29 PT4- $341.68 + --Previously Charted--
NASDAQ:SEDGLong
by jacobosiason7
2
Truworths crashing after results and new target in play Truworths has formed an M Formation over the last few weeks. The price broke below the neckline and now it looks like the next target is in play. 21=7 - Changing Price >200 - Bullish RSI <50 Bearish Mixed view with bearish bias. Also it seems that the market is not appreciating the Truworths $JSETRU 1H 2023 results. Revenue R11.73 billion, +14% y/y Net income R1.88 billion, +6.1% y/y Adjusted EPS R4.874 vs R4.438 y/y Gross margin 53.5% vs. 53.6% y/y Interim dividend per share R3.20 I'm bearish right now but with the mixed signals anything can change.
JSE:TRUShort
by Timonrosso
NVDA NVIDIA Corporation Options Ahead of EarningsIn case you haven`t bought the dip: Then you should know that looking at the NVDA NVIDIA Corporation options chain ahead of earnings , I would buy the $210 strike price Puts with 2023-7-21 expiration date for about $24.25 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if NVDA keeps going lower. Looking forward to read your opinion about it.
NASDAQ:NVDAShort
by TopgOptions
3
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future. POINTS: 1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS 2. Current Trend: Symmetrical Triangle Pattern 3. Earnings Report 03/23 RSI: 1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points. 2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED. IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed. SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo. SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of. FULL CHART LINK: www.tradingview.com NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation. POINTS: 1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT. 2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY. 3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts. 4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum. IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE. SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET. SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
$SHOP Technical Indicators for Short-Term Trading Strategies $BA @everyone MACD Divergence Stock price and moving average convergence divergence (MACD) indicator are showing a bearish divergence i.e price is making new highs while RSI is making new lows. This is generally a reversal signal. Horizontal Resistance Daily price is touching a horizontal resistance level. Price can hit the resistance level and start going down, which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish. Yearly High Close Price is close to the yearly highs. Inside Day When today's high and low are both within the yesterday candle's high and low. Potential Breakout Price is close to breaking out from a resistance level. For Chart Like Mine Link In Bio
NYSE:SHOPLong
by ImmaculateTony