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Oracle: Docked! 🔗🚢The ORCL share price continued to climb, reaching the turquoise Target Zone (coordinates: $115.76 - $122.90). The magenta-colored wave (2) should now be completed within this range, the high of which should be followed by a countermovement to the downside. Currently, the upward momentum has flattened somewhat, but can still hold at the high levels. Accordingly, we expect a further rise within the described Target Zone - although from a technical perspective, the minimum requirement of wave (2) in magenta has already been met. After the reversal, we expect the downtrend to continue.
NYSE:ORCLShort
by MarketIntel
Long interest in PinterestTrading Idea: Buy Pinterest Stock for Short-Term Gain In the past month, Pinterest's stock price has increased by 14.55%, making it an attractive option for short-term investors with a somewhat high risk tolerance. The trading idea is to buy Pinterest stock (PINS) based on the provided facts. Pinterest, Inc. has reported a total of $1.12 billion in short-term investments, indicating a strong financial position. Additionally, the company has a gross profit ratio of 77.59%, which measures how efficiently and effectively a company performs by dividing its gross profit by its total net sales. A high gross profit ratio suggests that Pinterest is performing well. Furthermore, Pinterest has a low net debt of $-1 billion this quarter, indicating that the company has a solid financial foundation. Net debt is calculated by subtracting a company's total cash and cash equivalents from its total debt. A low net debt indicates that Pinterest has more assets than liabilities. In terms of net income ratio, Pinterest is currently at 0.882%, which is a positive sign for investors. The net income ratio measures the profitability of a company by dividing its net income by its total net sales. A high net income ratio suggests that Pinterest is generating significant profits. Overall, this trading idea fits a short investment horizon and a somewhat high risk tolerance. By investing in Pinterest stock, investors can take advantage of the company's strong financial position, solid gross profit ratio, low net debt, and positive net income ratio. Technical Outlook Pinterest bulls are focused on pushing the stock past a key resistance level at $29.22 as their next upside milestone, as long as they maintain their dominance. The bulls have been in control as indicated by the Commodity Channel Index (CCI) indicator, which is currently above +100, signifying that the market price is unusually high. In today's trading session, Pinterest continued its upward trend, gaining a further 0.72% and reaching a stock price of $30.94. This marks the seventh consecutive day of gains for the stock. Over the past five days, Pinterest's share price has appreciated by around 25.34%, outperforming the Nasdaq by a significant margin of 790.4% so far this year. The company has a market capitalization of $20.86 billion. On Friday, the stock saw 12.93 million shares traded, slightly below the multi-day average of 13.53 million. In technical analysis, Pinterest is currently rated as "Neutral" during this positive session, gaining 22 cents, or 0.72%. The CCI indicator, showing the market price is unusually high, supports the bullish sentiment. Other notable movements in the market include a 1.39% increase in Alphabet, with a closing price of $130.37, a 1.6% increase in Comcast, and a 1.8% increase in Netflix on Friday.
NYSE:PINSLong
by NomolosAI
UnitedHealth: Last hurdle 🚧Although UnitedHealth shares were able to establish the low of the turquoise wave 4 and rise steadily, they have not yet made it above the resistance level of $546.78. However, we expect this to happen next, leading to the high of the larger wave (A) in dark green. Short-term, we therefore expect further bullish potential, but after the top of this (A) wave, the trend should be clearly downwards again. In addition, there is a 35% probability for our alternative scenario, in which the alternative top of the old wave (A) would have already been deposited.
NYSE:UNHLong
by MarketIntel
Potential Inverted Head & Shoulders - GMEHere I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction! www.tradingview.com The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the creation of the "Head". Now what I expect for GME is for price to come down for the creation of the "Right Shoulder" with Pattern Invalidation at 12.90! -Pattern Prediction- *If price Breaks Down and Closes Below 12.90, pattern INVALIDATED! *If price Breaks Up and Closes Above 14.30, price action initiates my Trade Action Plan!
NYSE:GMELong
by Novi_Fibonacci
4
A new wave up beginning in CAT World's largest manufacturer of construction equipment - Caterpillar(CAT), is all set to make a leap upwards of 30+% in the first half of 2024. The stock of this company has been constantly making new ATH's and displays neat waves everywhere. The move being discussed and anticipated shall be 1-2-i-ii-iii, Meaning the wave iii of 3.(you can imagine it as a smaller third wave inside of a bigger third wave. The projected target zone for the anticipated wave is placed at 325-350$ zone. A look at the support/resistance zones also shows the stock attempting to reverse off a major S/R zone. The construction and manufacturing sectors have slowing started picking up and the US economy is better off than it was in 2022 and 2023. It is therefore expected of these sectors to do better in 2024 than they did in 2023 and increase their operations and output. This in turn should point towards a good business year for CAT since manufacturing, construction and mining sectors form its major customer base. Note*- This chart is based on personal observations/opinions. Please be cautious while making any financial decisions.
NYSE:CATLong
by neeraj_2_sharma
FORD MOTOR CO (F) 1M NYSE:F FORD MOTOR CO (F) 1M ### Current Situation: - **Stock Price:** $9.84 - **Moving Averages:** Below the 50-day, 100-day, and 200-day Moving Averages (MA) - **Volume:** 508 million - **Relative Strength Index (RSI):** Between 50.00 and 40.00 - **Moving Average Convergence Divergence (MACD):** Signals below the histogram ### Analysis: 1. **Price and Moving Averages:** - The stock trading below the 50-day, 100-day, and 200-day MAs typically indicates a bearish trend. - This positioning suggests a lack of upward momentum and possibly a bearish sentiment among investors. - These MAs might act as resistance levels if the stock tries to move upwards. 2. **Volume:** - A high trading volume of 508 million can indicate strong interest in the stock. However, the interpretation depends on the price movement context. High volume with a price decline can signal strong selling pressure. 3. **Relative Strength Index (RSI):** - An RSI between 50 and 40 is often considered a neutral zone. However, trending towards 40 can indicate that the stock is approaching the oversold territory, which sometimes precedes a potential upward reversal. - It's important to watch for whether the RSI crosses below 40, as it could reinforce the bearish trend. 4. **Moving Average Convergence Divergence (MACD):** - MACD signals being below the histogram, especially if the MACD line is trending downwards, suggests bearish momentum. - This might indicate that the downward trend is strong and could continue in the short term. ### Implications and Potential Strategies: - **Short-Term Traders:** - There might be opportunities for short-selling, given the bearish indicators. - Watch for any bullish signals or a reversal pattern as an entry point for buy positions. - **Long-Term Investors:** - It's essential to consider fundamental factors alongside these technical indicators. - If the fundamentals are strong, this bearish trend could present a buying opportunity. However, caution is advised until there are signs of trend reversal. - **Risk Management:** - Given the bearish indicators, risk management is crucial. Setting stop-loss orders can help mitigate potential losses. ### Conclusion: The technical analysis suggests a bearish trend for Ford Motors stock in the short term, with several indicators pointing to downward momentum. It's crucial for investors to monitor upcoming price movements and news that might affect the stock. Also, integrating this technical analysis with a fundamental analysis of Ford Motors and the broader market conditions is essential for a well-rounded investment decision. Remember, investing in the stock market involves risks, and this analysis does not constitute financial advice. It's always advisable to consult with a financial advisor before making investment decisions.
NYSE:FLong
by rodulfox
Mickey Mouse is UPSIDE-DOWN!Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders! The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the Low that did not surpass the Low of the "Head", I suspect price will make a trip back up to test the "Neckline" one more time before possibly giving us a Bullish Break to go higher!! As added confirmation, My DSR is flattening and and the second "Shoulder" was terminated by my Fib'd Kill Zone giving this a high chance of reversing! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- *If price Breaks and Closes below 79.23, pattern is INVALIDATED *If price Breaks and Closes above 86.28, price action will initiate my Trade Action Plan!
NYSE:DISLong
by Novi_Fibonacci
2