SILVER | XAGUSD Weekly Outlook Oct 21st: Wait For BUYS!This weekly forecast is for Oct 21 - 25th.
After closing last week with a strong bullish candle, the week ahead maintains a bullish bias.
Be mindful of a short term pullback this week, as price tends to retrace after breaking swing highs. Just remain patient and wait for valid buy setups in this case.
Check the comments section below for updates regarding this analysis throughout the week.
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Fibonacci
Abbott Laboratories | Chart & Forecast SummaryOn The 15 Minutes Chart You Can See
# A Trend | A Time Frame Conductive
- This Measurement on Session Means;
* Support & Resistance | HH & HL's
and also a
* Trade Area | Focus & Motion Ahead
Containing A Falling Wedge That Acts Like Support On The Valid Target Dotted Through The Arrow Confirmation
The Unnumbered Retracement You Can See Here, Indicates A 50% Retracement What Makes This A Valid Direction To Set Up Further Alliance In, Upwards
On Replay Mode That Means An Uptrend Structured, While Measuring The Trend | Behaviour & Entry Principle. Development Into The Relevant Retracement Area You can Motivate Like This
Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand This Tells Us;
"It Is A Buy For Now"
Thank You For Watching. See You Next Time
TRUUSDT Breakout - Strong Momentum Ahead!!BINANCE:TRUUSDT has successfully broken out of resistance after multiple retests of support, signaling a strong bullish trend. Currently trading above the EMA 100, this breakout is backed by impressive volume, indicating solid buying interest. With the technical indicators aligned, we anticipate significant upward movement in the near future.
As always, remember to manage your risk effectively by placing stop-loss orders to protect your position.
BINANCE:TRUUSDT Currently trading at $0.086
Buy level: Above $0.086
Stop loss: Below $0.079
TP1: $0.92
TP2: $0.097
TP3: $0.1
TP4: $0.12
Max Leverage 3x
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BNTX Elliott-Wave analysisBNTX had an beautiful impulse to the upside in 2021.
The bottom on 5th Aug 24 could be absolute.
Looks like the Elliott-Waves 1-2- and 3 already formed on the short timeframe.
Now looking for a Wave 4 followed from a Wave 5 to complete the first small impulse.
(short timeframe is very fragile, so pls keep your eyes on the big picture)
TSLA Elliott-Wave analysisTSLA still correcting in my eyes. Afterwards im very bullish.
I declare the 2021-top as a Wave-3 top. Therefore im looking for a big Wave-4 correction.
The corrective pattern looks like an Elliott-Wave (a-b-c-d-e) triangle. Now the price could move between the two resistance lines and should find the trend reversal on the bottom line.
NIFTY50.....Buy signal with stop-loss @24660!Hello Traders,
The NIFTY50 fell to 24660.25 on Friday, showing a "gap down"! This gap was closed with a hammer candle, a strong buy signal as long as the low of the hammer holds!
It also bounced back to the lower trend line for the 3rd time, showing a good recovery from the lows.
There is resistance at or around 24850 and a move around this area opens the door to 25065 depending on when and if it is reached. The descending trend line is also a good clue, as the price will extend this area.
From an Elliott Wave perspective, we probably saw a wave b of an expanding flat this week, and the recovery would be a wave c of iv. This would take the rest of next week to establish!
In some cases, a wave c of a flat only retraces a 0.618 Fibo of wave a. But only if wave a has developed into a "three-down"!
The overall count is unchanged, and the next few days leading up to the US election will be quite exciting!
Stay tuned and trade with patience!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trading based on this analysis is at your own risk.
GBPUSD - Bullish Divergence - First HH After Bearish RallyFX:GBPUSD has formed the first HH on 1 hour chart after experiencing a bearish rally. Bullish divergence is also present on the chart indicating potential bullish momentum in the upcoming days! Additionally, after forming the HH price found support at 0.5 fib level to support the bullish bias!
BUY GBPJPY (SNIPER)GBP/JPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. However, price could be go to the nearest strong supply zones which mean small traders can take a quick scalp before it go for correction.
BUY GBPJPY 195.150-195.050
TP 1: 195.400
TP 2: 195.700
TP 3: 196.000
SL 194.800
#Goodluck
#DollarHunterX
EOS bearish pattren formed in 4hr time frame as you see the EOS breaks previous support and now its trading below the 200 ema and 100 ema and price is at 4hr fib level there is high probability that price again reject from its supply area and retest the demand zone 0.4600
pattern type :- bearish rising wedge
trade type :- short
entry :-0.5411
sl :- 0.5670
traget:- 0.4590
DOGSUSDT possible paths and major daily supports and resistancesAs we can see price is now near red trendline resistance so possible paths now are dump to the next support zone on chart or if it breaks to the upside then we can expect range for upcoming months and soon after that more pump and new ATH expected too.
DISCLAIMER: ((trade based on your own decision))
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Fundamental analysis on UI Path: medium-long term.Hello everyone,
It's a fundamental analysis, all the way I used some technical analysis tools (see, fibionacci retracement, channels, trend-lines and resistances) because, since not having enough history (the IPO having been in 2021) technical analysis has to give precedence to the fundamental analysis, especially when it's not crypto assets but companies really operating in the markets, and especially among all, the technology one (automation/AI sectors)!
Let's start with fundamental analysis:
UI Path: An explosive growth opportunity?
UI Path (NYSE: PATH), a leader in the robotic automation industry (RPA), may be poised for significant upside. With a market set to grow from $10 billion in 2023 to over $23 billion by 2028 (CAGR of 19%), UI Path is perfectly positioned to ride this wave. Currently, the share price has fallen to $13.06 (as of Oct. 19, 2024), making it a potentially undervalued opportunity.
Strengths:
Continued revenue growth: In 2023, UI Path reported revenues of $1.06 billion, up 19 percent from the previous year. Forecasts indicate revenues of 1.25 billion by 2024, with the possibility of exceeding 1.7 billion by 2026, for an annual growth rate of 15%.
Loyal and expanding customers: With a 130% retention rate, customers not only remain loyal, but also increase their investment in UI Path's platform, signaling trust and steady growth.
Profitability in sight: The company is rapidly improving its operating margins, and is expected to become profitable in the second half of 2025. Gross margins are already at 80 percent, providing a solid foundation for future growth.
Strong liquidity: UI Path has $1.8 billion in cash and minimal debt exposure. This position of strength allows it to invest in innovation and weather any economic shocks.
Propelled by artificial intelligence: UI Path is integrating new capabilities based on artificial intelligence, making its solutions even more powerful and sought-after, especially as digitization increases in every industry.
Potential valuation and upside:
Current price: Currently, the stock trades at $13.06.
Price target: Analysts predict an average target of $22, with an optimistic estimate as high as $27. This represents a potential upside of 68 percent to over 100 percent.
Valuation Multiples: With a current Price/Revenue ratio of about 6.8x, the stock is undervalued relative to the historical average for growth technology stocks. A return to a 10x ratio could bring the stock price to $22-23.
Why get in now?
on the continued expansion of the automation market and UI Path's solid positioning, the current price of $13.06 seems to offer an attractive entry opportunity. If the market recognizes the expected growth and impending profitability of the company, we could see a significant upside of 70-100% in the next 12-18 months.
For UI Path, I would personally tend to be bullish, but with some caution. Here's why:
Bearish aspects (to consider):
Stock valuation: Although currently trading at lower levels than peaks, UI Path remains relatively expensive compared to other tech companies. If it fails to demonstrate profitability on schedule (by the second half of 2025), there could be bearish pressure.
Growing competition: The automation and AI industry is becoming very competitive, with large and small players entering the space. This could put pressure on margins and UI Path's ability to maintain its leadership.
Dependence on macroeconomic environment: A global economic slowdown or reduced technology spending by businesses could negatively affect UI Path's growth, as many companies may postpone implementation of automation solutions.
Technically:
If one wants to trade , one would have to wait for a break of the red channel for bullish confirmation. However, in the past few sessions, we are bouncing off the mm50 daily, which could act as support. However, one has to be careful as nothing prohibits that before going to make the targets indicated by the resistances (orange horizontal lines) it could make further bottoms. If one wants to hold , this entry level is also perfect. I expect in the next 5 years a boom in this stock. Yes, I calling for a pump :D
I would like to remind you that this is not intended to be an incentive to invest, disinvest or stay flat but is only the result of fundamental and technical studies and analysis.
Thanks for your attention and remember this analysis in a few years.
Omar
LSCC | Bull Flag Forming | LONGLattice Semiconductor Corp. engages in the business of developing technologies that are monetized through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. The firm also offers silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. The company was founded in 1983 and is headquartered in Hillsboro, OR.
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade.
Reasons are listed below :
75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move.
Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level.
0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher.
Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move.
Target - 95 // 105 // 115
Stoploss - weekly close below 72
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NEIROUSDT → Someone's interested in the coin. Consolidation...BINANCE:NEIROUSDT is a rather interesting coin, which looks quite promising and stronger than the general market. Consolidation is forming on the background of the bullish trend. A good hint of the trend continuation...
The coin is moving in steps. The pullback is forming the lower boundary of further consolidation, the purpose of which is to accumulate the potential for the continuation of the trend. Exceptionally bullish character of the movement...
Emphasis on the borders of the current consolidation 2.182 - 1.835. The extreme support retest ended with the confirmation of the accumulation boundary without updating the local minimum, which indicates that the correction (most likely) is coming to an end. The reason indicating the readiness of the price to leave the accumulation and move to the realization phase will be a prolonged trade near the resistance.
Resistance levels: 0.002182
Support levels: 0.0018355
Consolidation continues, I am waiting for the moment when the coin sticks to the resistance and starts to consolidate between 2.18 - 2.07. In this case, the coin will move to the formation of a pre-breakout consolidation with the aim to breakout and further growth. I don't exclude the fact that NEIRO may go to 1.517 for liquidity before continuing its growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROUSDT ;)
Regards R. Linda!