NVIDIA (NVDA): Targeting $166 amid AI momentumNVIDIA continues to dominate the AI and computing landscape, with a significant development in Japan: SoftBank’s telecom unit will soon receive Nvidia’s advanced Blackwell chip design for its supercomputers. The upcoming earnings report on November 20 is critical in sustaining NVIDIA’s exceptional growth trajectory.
CEO Jensen Huang’s company has projected third-quarter revenue of approximately $32.5 billion, propelled by substantial demand for Hopper and Blackwell GPUs. These GPUs are crucial for strengthening NVIDIA’s data center segment, which currently operates with an impressive 68% margin. Priced between $30,000 and $40,000, Blackwell chips are already seeing high demand, with production scaling in Q4 2024.
From a technical perspective, NASDAQ:NVDA still has room to grow, with a targeted area of $166 or higher in the short term. We are closely monitoring the stock for either a move into this target or a shift in market structure that could change the outlook.
Stay tuned for updates as we approach the earnings call and as NVIDIA continues to set new milestones in the tech space.
Long-setup
Wheaton Precious Metals (WPM): Fibonacci Levels to WatchToday, our focus is on gold mining stocks, with earnings reports from Barrick Gold TVC:GOLD and Wheaton Precious Metals NYSE:WPM in the spotlight. We’ve zoomed out on the NYSE:WPM chart to assess the overall structure and identify longer-term opportunities. Building a portfolio with some exposure to the commodity market is, in our opinion, a solid strategy for diversification.
NYSE:WPM appears highly correlated to Gold OANDA:XAUUSD and is currently sitting on a crucial trendline while hovering in the minimum target area for wave 3. A drop into the $78.5-$68.5 range seems plausible to establish the wave (iv). Ideally, the stock would then resume its upward trend, targeting higher Fibonacci levels for wave 3. In the broader picture, Wheaton Precious Metals responds well to trendlines, and a potential move into the $64.2-$52 zone could also occur over time.
If Gold continues to rise, NYSE:WPM may follow suit, and during Gold’s peak, mining stocks like NYSE:WPM could outperform the physical commodity significantly.
We are closely monitoring this setup and evaluating whether to execute it. Remember to always conduct your own research before making any investment decisions!
Visa (V): Pullback Incoming After New All-Time HighsVisa ( NYSE:V ) has reached our anticipated wave 3 target, a significant milestone for this stock that has consistently delivered strong performance. Recently, regulators in the EU have begun probing Visa and MasterCard’s fees, assessing their impact on businesses. While this could pose some risks, Visa’s overall trajectory remains promising.
The stock has been setting new all-time highs consistently, but with the potential completion of wave ((v)) and wave 3, we are now looking for a pullback. This correction could offer a great opportunity to open new long positions. Our target range for the pullback is between $280 and $260, though the exact level remains uncertain. Before this, there could still be further upside, with a potential minor retracement between $311 and $325 that would support a bearish short-term outlook.
We are monitoring this closely and have alerts set to act when the time is right. Visa remains a long-term performer, but patience will be key to capitalizing on its next move.
Ford (F): Eyeing Earnings for Potential Resistance FlipFord is set to release its earnings report in a few hours, and analysts generally anticipate that results will meet or slightly exceed consensus expectations. Currently, Ford is trading around a significant resistance level, and a breakout above this level could mark an important shift, opening the door for further gains. Our outlook remains bullish, with expectations that Ford will fill the large gap visible on the chart in the coming months.
Recent analyst targets align with our view, with ratings from Barclays, Goldman Sachs, and Morgan Stanley averaging around $13 for Ford stock. This target range corresponds well with our technical analysis, reinforcing our approach to Ford.
However, we’re holding off on any immediate action until after the earnings report to avoid an unpredictable reaction. We’ll be monitoring the market’s response closely, avoiding impulsive moves, as the true direction often becomes clearer after the initial post-earnings volatility.
Until then, patience remains crucial—trade the plan, stay disciplined, and seize the opportunity when it aligns with our setup.
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄
Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.
Let's see if we can get it right again!
Shopify (SHOP): Is It Just the Beginning?Shopify has been one of our best entries this year, and we remain very bullish on it. From a technical analysis perspective, it's hard to make a bearish case for this stock. We've even seen a change of structure after catching the bottom on SHOP.
We've already taken some profits off the table and moved our stop loss to break even for the initial trade. We're now expecting this surge to continue, and as a result, we're planning to place another limit order on Shopify, aiming to buy more if the price moves into the $59.38-$54.59 area. We prefer to enter manually to avoid getting triggered by any sudden news events.
If our analysis is correct and this is indeed Wave 2, we could see a really nice rally in the near future on Shopify, potentially breaking the $90 mark and moving even higher.
Let's see what Shopify has in store for us next.
looking for 52 percent roi in 152 days go for ProLife longProlife Industries Ltd shares SWOT Analysis
SWOT
TECHNICALS
DEALS
SHAREHOLDING
STRENGTHS (4)
Strong Annual EPS Growth
Company with Low Debt
Book Value per share Improving for last 2 years
WEAKNESS (4)
Negative Breakdown Third Support (LTP < S3)
Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
OPPORTUNITY (0)
Data not found
THREATS (1)
RSI indicating price weakness
LOOKING FOR 52 % HIKE IN SHARE OF PRO LIFE FROM CMP 214 CAN GO UPTO 350 AND BEYOND AS CHEMICAL THEORY IS ABOUT TO RE RATE
Trading Idea - #OcugenMy trading idea for - #Ocugen - BUY
Entry: 0.95 USD
Target: 8.00 USD (+720% profit)
Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. The firm's modifier gene therapy platform is engaged in addressing retinal diseases, including retinitis pigmentosa, leber congenital amaurosis, and dry age-related macular degeneration. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA.
Institutional Trading of Ocugen
A number of large investors have recently added their stakes in OCGN. JPMorgan Chase & Co. increased its holdings in Ocugen by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 4,015,742 shares of the company's stock worth $13,251,000 after buying an additional 693,786 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Ocugen during the first quarter worth about $47,000. Cetera Investment Advisers purchased a new stake in Ocugen during the first quarter worth about $50,000. Vanguard Group Inc. increased its holdings in Ocugen by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,906,557 shares of the company's stock worth $35,991,000 after buying an additional 301,063 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Ocugen during the first quarter worth about $34,000. Hedge funds and other institutional investors own 21.50% of the company's stock.
Ocugen Price Target Raised to $7.00/Share From $5.00 by HC Wainwright & Co.
XAU BULLS MOMENTUM. (BEARS LIQUIDITY SWEEP OVER) 📈 Just as I analysed the daily candle timeframe, we expected a bottom liquidity sweep down the 20's through till 2017 which has successfully taken place. Its now time for.the bulls to take over buying up the 40's
Major POI are in 44, 55 and the 70's
BOOST 🚀, COMMENT📑 AND FOLLOW🏷 ME FOR MORE HELPFUL ANALYSIS 👍....
Bulls at the Helm: ADA (Cardano) Defense of Key Demand Zone⚪ Cardano (ADA) has exhibited the resilience of bulls defending the critical $0.23 demand zone, which notably acted as a safety net on multiple occasions, particularly in August and October.
⚪ The recent surge in ADA's price levels, culminating in a new higher high, serves as a promising indicator of a potential bullish trajectory. While the increase might not be as hight as other altcoins, we anticipate a 50% surge in the weeks to come, albeit preceded by a minor correction.
⚪ The expected pullback should find support near the widely recognized 61.8% Fibonacci retracement level, providing an enticing risk-reward entry point. Our detailed trade setup will be shared in our channel shortly. Keep a close watch for updates.
TOMOUSDT Key Demand Zone & Bullish Potential🌟In the realm of TOMOUSDT, an intriguing dynamic unfolds. The key demand zone, a battleground for bulls and bears, has demonstrated remarkable resilience. Multiple tests have confirmed its significance, turning back price declines time and again, notably in recent price action.
🌟Furthermore, a notable development is the breach of the previous downtrend trendline, which has now taken on a new role as a robust support trendline. This shift is an important indicator of the evolving sentiment in favor of the bulls.
🌟The existing strength in the demand zone, combined with the support trendline's newfound significance, enhances the likelihood of a continued upward trajectory for TomoChain.
🌟In terms of price projections, our analysis suggests a potential growth of approximately 12%. This envisages a surge towards the psychological price level of $2.00.
🌟Notably, this corresponds with the 141.4% Fibonacci resistance level, which stands as a formidable target in the path of the ascending price.
🌟As we've done with all our analysis, a detailed trade setup has been thoughtfully prepared and is readily available in our dedicated channel. This comprehensive guide includes entry points, exit strategies, and potential stop-loss levels.
🌟In conclusion, the confluence of the intact demand zone, the sturdy support trendline, and the 141.4% Fibonacci resistance level fosters a robust case for a bullish outlook in TOMOUSDT.
USDJPY Bearish structure + FVG entry!
In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone that I will consider initiating a short position in the market, provided that the market gives us operational confirmations for a short trade. Specifically, I will seek an entry if the market forms two consecutive 15-minute reversal candles. Please let me know your thoughts on this. Happy trading and good luck!
EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it.
Nicola the CEO of Forex48 Trading Academy
USDCAD Long structure with entry trade!Good morning traders, while observing USDCAD, I've noticed how the price is clearly trending upwards, and this has been confirmed by the breakout of a higher swing at the 1.3490 level. After that breakout, the price retraced, retesting that level until touching the bullish trendline. From there, a strong impulse started towards the 1.3580 level as the first target, and the second target is set at the price level of 1.3650. Before entering, I will wait for a further bounce on the trendline at the 1.3503 level. Let me know your thoughts, as your support is vital to our work. Regards, Nicola, CEO of Forex48 Trading Academy.
NZD/CAD Bullish setup 3 entries point!On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of Control (POC). On the short side, we have a FVG, which is a high-reaction zone containing a lot of market liquidity. On the 15-minute timeframe, the timeframe I'll be observing for confirmations and to set up my trade if I decide to enter. Let me know your thoughts. Happy trading to all!
GBP/NZD H1 BULLISH SETUP WITH A POIWe have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a re-test with the candle closing on the H1 timeframe above the Point of Control (POC). Otherwise, the position will be closed immediately. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
USD/JPY LONG TRADE WAITING NFPOn USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we have an area with low trading volumes, and the price could rise rapidly, especially considering the Non-Farm Payrolls (NFP) data on Friday. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
USD/CAD LONG & SHORT SETUPOn USD/CAD, we have a bullish setup, with the price navigating within a high volatility zone (fvg) since this morning, suggesting a potential long opportunity. Today's trading activity will be focused solely on the London session, as we have significant macroeconomic data from 14:00 to 17:00 Italian time. Currently, I am waiting for the price to close a candle on the H1 timeframe outside the fvg. Once that happens, I'll look for a confirmation on the next candle at the M15 timeframe. If it's not a pin bar or doji, that will be my entry signal. Have a great day from Nicola, the CEO of Forex48 Trading Academy.
NZD/USD LONG SETUP AFTER ECBOn NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our long trade if we were to enter the market. Currently, we are waiting for confirmation on the M15 chart. Happy trading to all, Nicola, CEO of Forex48 Trading Academy.
GBP/USD LONG SETUP AFTER FED RATESGood morning traders, today I present this idea on GBP/USD. On this pair, we have a bullish setup after the news from Europe about the dollar. The market, while rising, broke through a supply zone, creating an important reaction area known as a "Forex48 block" on the M15 timeframe. If the price reaches this zone and provides the necessary confirmations on M15, I will enter a long position at the expected entry point around 1.293. The trade is currently aiming for a target of 1:6.5. Remember, patience is key, and confirmations are like nuggets of gold. Please share your opinion and give a like to support our work. Best regards from Nicola, CEO of Forex48 Trading Academy