SONY GROUP CORPORATIONHello ladies and gentlemen, according to my graphical analysis of SONY GROUP CORPORATION , there is a high probability of a decline towards the 104 USD level in the next few months!
Nyse
(GRMN) DCA - A Bullish Cup and Handle BreakoutCompany: Garmin Ltd.
Ticker: GRMN
Exchange: NYSE
Sector: Technology
Introduction:
Greetings and welcome to today's technical analysis post. Today, we're looking at the daily chart of Garmin Ltd. (GRMN) on the NYSE, featuring a distinctive Cup and Handle pattern acting as a bottom reversal.
Cup and Handle Pattern:
A Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It looks like a cup with a handle on the right side. The 'cup' is a curved u-shape, while the 'handle' is a slight downward drift.
Analysis:
The GRMN chart presents a Cup and Handle pattern that has been forming for 276 days, and is easily recognizable to classic chart pattern analysts. The breakout from this pattern has already occurred, which suggests a potential entry point for traders. Moreover, the price is trading above the 200-day EMA, which supports a bullish setup.
Conclusion:
The Garmin Ltd. daily chart analysis highlights a clear Cup and Handle breakout, a bullish signal for the stock. As always, please remember that trading based on chart patterns should be done in conjunction with sound risk management and proper position sizing.
Please note that this analysis does not constitute financial advice. Always conduct your own due diligence when trading or investing.
If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading!
Best regards,
Karim Subhieh
COST WCA - Awaiting a Breakout from SymmetryCompany: Costco Wholesale Corporation
Ticker: COST
Exchange: NASDAQ
Sector: Consumer Defensive
Introduction:
Greetings and thank you for taking the time to read my analysis. Today, we delve into the weekly chart of Costco Wholesale Corporation (COST) which has been forming a symmetrical triangle pattern for the past 12.88 months. This pattern is typically a sign of market indecision, and we're anticipating a breakout soon.
Symmetrical Triangle Pattern:
A symmetrical triangle is a chart pattern in technical analysis used by traders to predict future price movements. It is formed when the price of an asset consolidates between converging trendlines that slope towards each other, creating a triangular shape. The pattern is characterized by lower highs and higher lows, indicating a tightening price range as the market reaches a point of equilibrium between buying and selling pressure. In this case, we have 5 clear touch points on the upper trendline and 3 on the lower trendline.
Analysis:
Costco's price is currently above the 200 EMA, and given the clear uptrend preceding the triangle, we are inclined to see this symmetrical triangle as a bullish continuation pattern. However, the inherent indecision signaled by the symmetrical triangle means we should hold off on calculating a price target until a definite breakout occurs.
Moreover, a breakout must occur soon, as the closer we get to the triangle's apex, the weaker the effect of the breakout. This makes COST a high-priority watchlist candidate that should produce a result soon, regardless of the direction it takes.
Conclusion:
The Costco Wholesale Corporation weekly chart analysis points towards a symmetrical triangle pattern, indicating market indecision and a potential breakout soon. Traders should closely monitor this chart for signs of a breakout.
Remember, this analysis is not financial advice. Always conduct your own research when investing and consider risk management and proper position sizing when trading based on chart patterns.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best Regards,
Karim Subhieh
A look into Spotify TechnologyHello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term.
With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and distribution time has passed and we can see a bearish elliot waves completed with final impulse 5 early this 2023 so we seem to be riding at the beginning of a bullish elliot waves standing at 1 or 1/2 spotify balances this afternoon and can define quite a bit the path to follow, we find value in the medium-long term, let's hope that the days go by.
A cordial greeting to all!
HPQ WCA - Ascending Triangle Company: HP Inc.
Ticker: HPQ
Exchange: NYSE
Sector: Technology
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze the weekly chart of HP Inc. (HPQ), focusing on an interesting price pattern, an ascending triangle as a reversal pattern. Although rare, ascending triangles can indeed act as reversal patterns, offering potential trading opportunities.
Ascending Triangle Reversal Pattern:
An ascending triangle is a bullish continuation or reversal pattern, characterized by a horizontal resistance line and a rising trendline that connect the higher lows. The pattern typically indicates an accumulation phase where buyers are gaining control, leading to a potential breakout above the horizontal resistance.
Analysis:
On the weekly chart, HPQ exhibits an ascending triangle reversal pattern. We can see a clear horizontal resistance line at $30.95, which has already been touched three times, and a clear diagonal uptrend line that has been touched twice. Importantly, this pattern is forming above the 200 EMA, reflecting a bullish environment.
The price target for this pattern is $37.60, representing a potential gain of approximately 21%. Traders should closely monitor the horizontal resistance level at $30.95 for any signs of a breakout.
Conclusion:
The HPQ weekly chart analysis highlights an ascending triangle reversal pattern, signaling a potential reversal of the current trend. Traders should closely monitor the horizontal resistance level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
AAPL IS ON MAJOR RESISTANCE, LOOKING FOR A SELL-OFFPossible sell on the resistance formed for AAPL.
Price action confirms that the sellers pressure in this highlighted zone is very high which causes the prices to drop further downside.
AAL WITH A STRONG ACCUMULATION ZONE AAL is following an accumulation lay off on the bottom which is promising for a nice rally ahead with a bullish breakout confirmation.
Bank of America in Down-trend now #NYSEHere you can see that Bank Of America is trading in a down-trend now days and moving towards the strong support line which comes from past and already Market had test this support line two times in 2016 & 2020 respectively. Now if BAC broke 26.32USD then we can take a trade for a further downside with the target of 23.50USD .
beautiful , classic pattern of #Nasdaq composite the pattern is a classic W with a flag shape handle ,I expect a route, like I have placed in my chart.
PPG Industries WCA - Rectangle Reversal PatternCompany: PPG Industries
Ticker: PPG
Exchange: NYSE
Sector: Materials
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on the NYSE under the ticker PPG.
Classic Rectangle Pattern:
The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. It reflects a consolidation phase where the market is undecided about the direction of the trend and can serve as a reversal or continuation pattern depending on the context.
Analysis:
PPG Industries offers an excellent example of a rectangle pattern serving as a reversal pattern. The overall trend has been bearish since 07/06/2021, with the rectangle emerging as a consolidation pattern during this period. This 399-day-old pattern demonstrates clear touchpoints on both the lower and upper boundaries, which are situated at 107 and 138, respectively. Recently, the price broke out of the rectangle and is now retesting the multi-month resistance-turned-support, suggesting a potential trend reversal. All of that happens above the 200 EMA.
Price Targets and Resistance Levels:
The price target for this pattern is set at 168.55, which translates to a 22.13% increase from the current level. On the way to the target, we may encounter resistance at a supply zone near 168, which should be monitored closely.
Conclusion:
The PPG Industries weekly chart showcases a textbook example of the rectangle reversal pattern, indicating a potential trend change from bearish to bullish. As the price has broken out of the rectangle and is currently retesting the former resistance as support, traders should keep a close eye on the development of this pattern. Remember to consider risk management and proper position sizing when trading based on chart patterns.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
$ACN Long with an H4 support level NYSE:ACN Long
NYSE:ACN is in a clear downtrend since the high in December 2021. We have a level of support at ~ 254.00 which often got confirmed. The plan should be to trade the support level with a limit order. The take profit isn't that far away because of the fact we are in a downtrend.
Limit Order: 257,28
Stop Loss: 252,20
Take Profit: 265,04
Berkshire Hathaway Inc. New WCA - Classic Rectangle PatternHello and thank you for taking the time to read my post. Today, we analyze Berkshire Hathaway Inc. New's chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Berkshire Hathaway Inc. New is a diversified financial services conglomerate, traded on the NYSE under the tickers BRK.A (Class A shares) and BRK.B (Class B shares).
Classic Rectangle Pattern:
The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend.
Analysis:
In the case of Berkshire Hathaway Inc. New, we observe a 322-day rectangle with several touching points. The upper boundary is at 320$, and the lower boundary is at 264$. The price chart has just broken out of the rectangle and is re-testing the old resistance as support, which makes an entry interesting. All this happens while we are above the 200 EMA, which supports a bullish environment and an idea on the long side.
Additional Analysis:
The recent breakout from the rectangle pattern and the re-test of the old resistance as new support suggest a potential upward trend continuation. As we are above the 200 EMA, the bullish environment is further supported, making long positions more attractive. The price target is at 376$, which represents a potential ~17.5% price increase. On the way to the price target, we can expect to encounter resistance at 360$.
Conclusion:
The Berkshire Hathaway Inc. New weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. The recent breakout and re-test of old resistance as support, combined with the price being above the 200 EMA, signal a potential continuation of the bullish trend. With a price target of 376$ and intermediate resistance at 360$, traders should remain vigilant and consider proper risk management strategies when entering long positions.
Company: Berkshire Hathaway Inc. New
Ticker: BRK.A (Class A shares) / BRK.B (Class B shares)
Exchange: NYSE
Sector: Diversified Financial Services
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
Best regards,
Karim Subhieh
Marsh & McLennan Companies (MMC) Weekly Chart AnalysisCompany: Marsh & McLennan Companies
Ticker: MMC
Exchange: NYSE
Sector: Financial Services
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze the Marsh & McLennan Companies (MMC) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Marsh & McLennan Companies is a global professional services firm operating in the financial services sector, traded on the NYSE under the ticker MMC.
Classic Rectangle Pattern:
The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend.
Analysis:
In the case of MMC, we find a textbook example of a rectangular formation, with several points of contact to the upper and lower boundary. The resistance was at 177.32 and the support at 146.73. The price pattern has formed for 497 days, and now, for the first time, a weekly candle has closed above the resistance level of 177.32. The price is currently retesting the resistance as support, which provides an ideal entry opportunity. The price is clearly above the 200 EMA, implying a bullish environment.
Additional Analysis:
With the breakout above the resistance level, we should closely monitor MMC's price action for confirmation that the breakout is genuine and not a false breakout. A successful retest of the 177.32 level as support could signify that the breakout is valid, and we may expect the price to move towards the target at 203.53, which represents a ~15% price increase.
Conclusion:
The Marsh & McLennan Companies (MMC) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. A breakout above the resistance level and a successful retest as support indicate a bullish scenario. By closely monitoring the price action and support and resistance levels, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
ADBE IS ON AN IMPORTANT WEEKLY KEY ZONEFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
it's time to falling for NKEbefore buying, please check for being sure about your opinion about this STOCK!!!
(in every target you want, closed the position but our target is the third one)
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if you want to enter in this position:
Enter Price: 125.93
Target1: 125.24
Target2: 124.33
Target3(Final Target): 123.26
Stoploss: 127.40
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Guy's if this idea was useful and it was intresting for you please follow for more
please do comment and like my idea
If you like my idea show me in comment section
doing and living in the best quality
thanks of all of you dear's ;)
AAL BACK ON WEEKLY SUPPORTFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
Market AnalysisUnemployment claims are lower than expected (down)
GDP is only 1.1% (the dollar will rise slightly)
Personal expenditures are fronted by 1%, soaring to 3.7% (bad)
Core PCE increased from 4.4% to 4.9% (bearish)
Analysis:
The U.S. economy is worse than expected and has clearly entered a recession. However, inflation and personal consumption are set to soar, proving that QT isn't enough. After this data, big possibility for FED to raise more interest rate. The stock market and crypto will at least dump for another 10% or more.
Personal market analysis, for reference only
TSLA - What did Elon say?NASDAQ:TSLA
It's not about the margins?
But it should be about VOLUME?
Market makers are disagreeing with Elon.
My money is n ELon
Technical Analysis In The Following 3 StepsThe problem is finding the right stock to buy
Also to make it worse finding these opportunities
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every week.
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You have to look for these opportunities
every week with a powerful strategy
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Because:
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#1-A strategy will give you a peace of mind
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#2- A strategy will give you confidence
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#3-A strategy will help make money
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Before you see a working strategy understand
the basic technical analysis
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After that master your favorite patterns
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this "Super Gap " Strategy will give you
the bridge to understand
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Technical analysis in The following 3 Steps:
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Step#1
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Look for a "Super Gap" On Friday
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Step#2
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The "Super Gap" has to be above the 50 EMA line
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Step#3
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The " Super Gap" has to be above the 200 EMA line
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Please Remember: Am not an expert on this information
This strategy is
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based on my personal research
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Do your own research before you trade
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Regards,
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Lubosi7
Visa Inc!!!Hello ladies and gentlemen, according to my graphical analysis of NYSE:V , there is a high probability of a incline towards the 231,50 usd level in the next few months!
if you have any questions do not hesitate to contact me.
TSLA IS ON AN IMPORTANT KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NVDA ON RESISTANCE WITH A POSSIBLE SELL OFFFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
DXY-- That candle, though! Reassurance, perhaps?Things are getting interesting! My colleagues don't
think it's time to start getting aggressive on the dollar,
with the main point of emphasis being that rate hikes are
supposed to slow, or not continue increasing as we continue
forward this year. I value my constituents opinions and will
consider it... But, no risk, no reward! Plus, I'm grateful to not
be so attached to my ideas. As long as we are extracting value
from the markets we participate in, who cares if we are right
or wrong in our guesses?
What markets are you focused on currently? Let me know!
As always, happy trading, and Godspeed.
