Nyse
BOUNCE INCOMING!!This looks like a great area to anticipate a bounce.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
MMM potential Buy setupReasons for bullish bias:
- Price gave a strong weekly resistance breakout
- Price respecting daily trendline
- Playing DOW
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 104.55
Stop Loss Level: 94.63
Take Profit Level 1: 114.47
Take Profit Level 2: 124.39
Take Profit Level 3: Open
MAS potential Buy setupReasons for bullish bias:
- Falling wedge pattern
- Price is at support zone
- Overall a bullish trend on weekly
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 70.92
Stop Loss Level: 63.24
Take Profit Level 1: 77.79
Take Profit Level 2: Open
Note: If the price gave an ATH breakout, it would also be the bull flag pole breakout.
Rocket Companies (RKT) AnalysisCompany Overview:
Rocket Companies, a fintech mortgage loan originator, entered 2024 with strong momentum. CEO Varun Krishna highlighted top-line growth acceleration for the third straight quarter and the highest profitability in two years, along with expanded market share in both purchase and refinance sectors. The company is leveraging its proprietary AI tech stack for future growth, aiming to modernize the fragmented homeownership space.
Institutional Interest:
Investor confidence is evident, with the Swiss National Bank increasing its stake by 4.1% in Q1, now holding 237,000 shares.
Financial Performance:
Rocket Companies reported an adjusted revenue of $1.2 billion in its latest quarterly report, exceeding guidance and marking year-over-year growth acceleration for the third consecutive quarter.
Investment Outlook:
Bullish Outlook: We are bullish on NYSE:RKT above the $13.00-$14.00 range.
Upside Potential: With an upside target set at $20.00-$21.00, investors should consider Rocket Companies' impressive financial performance and strong institutional interest as key drivers for future stock appreciation.
📊🏡 Monitor Rocket Companies for promising investment opportunities! #RKT #FintechStocks 📈🔍
US Banks & Financial Sectors are ready for another fabulous riseNasdaq Banks
The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations.
Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern.
However, once the pattern broke downwards, the bank index experienced a significant decline.
Upon hitting a support level around 2,650, the index established a Double Bottom pattern, signaling a potential trend reversal.
Subsequent to the breakout above the neckline, the bank index began consolidating within a tight range.
Most recently, another breakout has occurred, setting the stage for a potential upward rally.
S&P 500 Financials
After the market crash in 2020, the index fell into an oversold zone and stayed in a period of consolidation within an Ascending Triangle formation.
Following this breakout, the financial index experienced a strong rally to the upside.
However, it struggled to break above the 700 level and began to decline.
Subsequently, the index went through a lengthy consolidation inside a Box formation.
After another breakthrough, the index surged once more and created a bullish Pole & Flag pattern.
With a recent breakout, the financial index is poised for another upswing.
NSE: TATAMOTORS / NYSE:TTM - Tata Motors - Tesla Love affair ⚡Will electric mobility wave will take Tata motors to next level? Time will tell - Can we do some crystal gazing with Chart patterns ...:)
NSE: TATAMOTORS / NYSE:TTM - Tata Motors - Tesla Love affair ⚡
Tata Motors Limited is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. It is a part of Tata Group, an Indian conglomerate. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles.
Formerly it was known as Tata Engineering and Locomotive Company (TELCO). Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune in India, as well as in Argentina, South Africa, Great Britain, and Thailand. It has research and development centres in Pune, Jamshedpur, Lucknow, and Dharwad, India and South Korea, Great Britain, and Spain. Tata Motors' principal subsidiaries purchased the English premium car maker Jaguar Land Rover (the maker of Jaguar and Land Rover cars) and the South Korean commercial vehicle manufacturer Tata Daewoo. Tata Motors has a bus-manufacturing joint venture with Marcopolo S.A. (Tata Marcopolo), a construction-equipment manufacturing joint venture with Hitachi (Tata Hitachi Construction Machinery), and a joint venture with Fiat Chrysler which manufactures automotive components and Fiat Chrysler and Tata branded vehicles.
Founded in 1945 as a manufacturer of locomotives, the company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969. Tata Motors entered the passenger vehicle market in 1988 with the launch of the TataMobile followed by the Tata Sierra in 1991, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile. In 1998, Tata launched the first fully indigenous Indian passenger car, the Indica, and in 2008 launched the Tata Nano, the world's cheapest car. Tata Motors acquired the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004 and purchased Jaguar Land Rover from Ford in 2008.
Tata Motors is listed on the BSE (Bombay Stock Exchange), where it is a constituent of the BSE SENSEX index, the National Stock Exchange of India, and the New York Stock Exchange. The company is ranked 265th on the Fortune Global 500 list of the world's biggest corporations as of 2019
VSH | Vishay Intertechnology | BuySomething for the long hold.
Reasons
Technicals:
- Outbreak of range, range should act as support
- Lot of room towards the current ATH 141%
- Buy zone 1 (based on a former S/D level was highly respected, tho potentially further liquidity grabs could happen
- Also S/R Level 1 is a resistance levle that could potentially hold any uptrend down
Fundamentals
- Develops MOSFETS, ICs, Diodes, Rectifiers, Optoelectronics, Resistors, Inducators etc.
- Uses cases for robotics, military, space
- Next Earnings report: 7. August 2024
Targets:
Target 1: Around $34, where i will close 50% of my position, while letting the rest run.
Target 2: Around $51, where the rest of my position will be closed
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Magnolia Oil & Gas (MGY) AnalysisCompany Overview:
Magnolia Oil & Gas, an independent U.S. oil and gas company, has demonstrated significant growth, with a 151% increase in returns on capital employed over the past five years. This achievement, combined with a reduced capital base, positions MGY for substantial stock price appreciation as investors take notice.
Institutional Interest:
Hedge funds and institutional investors have been accumulating MGY shares. Lindbrook Capital LLC increased its stake by 61.5% in Q1, and Commerce Bank boosted its stake by 4% in Q4. Investment banks like Mizuho have raised their target price from $26.00 to $28.00, and Capital One Financial has given the stock an "overweight" rating with a $28.00 target price.
Financial Performance:
NYSE:MGY boasts a return on equity of 20.41% and a net margin of 30.46%, reflecting its strong market position and pricing power.
Investment Outlook:
Bullish Outlook: We are bullish on MGY above the $23.00-$24.00 range.
Upside Potential: With an upside target set at $35.00-$36.00, investors should consider Magnolia's impressive financial performance and increasing institutional interest as key drivers for future stock appreciation.
📊💼 Monitor Magnolia Oil & Gas for promising investment opportunities! #MGY #OilAndGasStocks 📈🔍
MTR => Mesa Royal Trust => Potential long term investment opp.Stock and Timeframe:
The chart is for "Mesa Royalty Trust (MTR)" on the 1-week (W) timeframe, which provides a long-term view of the stock's price movements.
Current Price:
The current price is shown as $8.20.
Trend Lines:
A downward yellow trend line is drawn, indicating a long-term downtrend. The price has broken above this trend line and seems to be retesting it as support.
Support and Resistance Levels:
Support Levels:
Around $8.20 (current price).
Around $7.75 (a lower support level if the current support fails).
Resistance Levels:
$19.87: This level is identified with a red horizontal line.
$35.34: Another significant resistance level marked with a red horizontal line higher up.
Price Targets and Potential Moves:
There are two significant potential price targets indicated:
First target: $19.87, with an expected gain of 156.26%.
Second target: $35.34, with an expected gain of 375.39%.
Annotations:
The chart mentions "retest," indicating that the price is currently retesting the previously broken trend line. This is a critical point to watch, as a successful retest could signal a continuation of the upward move.
Volume:
The volume bar indicates a significant increase in trading volume, which is a positive sign for the bullish trend, confirming the price movement's strength.
Summary:
Bullish Signs:
Break above the long-term downward trend line and retest.
Strong volume supporting the price movement.
Significant upside potential with targets at $19.87 and $35.34.
Watch Points:
Successful retest of the trend line is crucial. Failure could mean a return to lower support levels.
Resistance levels at $19.87 and $35.34 will be critical to watch for potential profit-taking or further bullish moves.
Strategy:
For long-term investors, this setup presents a potential buying opportunity with considerable upside.
For short-term traders, monitoring the retest and volume closely will be key to making informed decisions.
By keeping an eye on these critical levels and market behaviors, traders can make more informed decisions about their positions in Mesa Royalty Trust (MTR).
Teradata (TDC) potential Buy setupReasons for bullish bias:
- Harmonic Bullish BAT pattern formation
- Price is at strong weekly support
- Double bottoms
- Safe entry at neckline breakout
- Bullish divergence
- Positive earnings
Here are the recommended trading levels:
Entry Level(Buy Stop): 35.38
Stop Loss Level: 30.89
Take Profit Level 1: 39.87
Take Profit Level 2: 47.53
Take Profit Level 3: Open
KEYS potential Buy setupReasons for bullish bias:
- Price bounced from strong horizontal support
- Price gave a small consolidation breakout
- Price forming bullish pennant on weekly
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 139.53
Stop Loss Level: 131.73
Take Profit Level 1: 147.33
Take Profit Level 2: Open
IEX (IDEX Corporation) potential Buy setupReasons for bullish bias:
- Price respecting long-term trendline
- Strong weekly bullish candle closing at horizontal support + trendline
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 206.58
Stop Loss Level: 187.88
Take Profit Level 1: 225.28
Take Profit Level 2: 240.85
Take Profit Level 3: Open
Dutch Bros (BROS) Analysis Drive-Thru Coffee Experience:
Dutch Bros NYSE:BROS operates drive-thru coffee shops in the U.S., offering bold beverages and emphasizing friendly service and a fun atmosphere. During inflationary periods, Dutch Bros' cheaper prices compared to Starbucks attract cost-conscious consumers.
Leadership and Growth Potential:
The new CEO, Christine Barone, with her extensive experience at Starbucks, is expected to drive the next growth phase for the company. Her leadership is anticipated to enhance operational efficiency and expand Dutch Bros' market presence.
Investment Outlook:
Bullish Outlook: We are bullish on BROS above the $37.00-$38.00 range.
Upside Potential: With an upside target set at $55.00-$56.00, investors should consider Dutch Bros' competitive pricing and strategic leadership as key drivers for future stock appreciation.
📊☕ Monitor Dutch Bros for promising investment opportunities! #BROS #CoffeeMarket 📈🔍
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level.
(2) Following that, the price began to decrease, experiencing a drop of nearly 21%.
(3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern.
(4) Subsequently, the price increased and is currently consolidating within a triangle pattern.
(5) If the price successfully breaks out, the potential resistance level will be around 19,650.
Intercontinental Exchange (ICE) AnalysisStrategic Moves and Regulatory Tailwinds:
Intercontinental Exchange NYSE:ICE is set to benefit from recent SEC regulatory proposals that could shift more trading volume back to public exchanges, enhancing ICE's competitive position. Additionally, ICE's $13 billion acquisition of Black Knight Financial will bolster its presence in the mortgage technology sector, providing comprehensive exposure to the mortgage origination value chain.
Investment Outlook:
Bullish Outlook: We are bullish on ICE above the $124.00-$125.00 range.
Upside Potential: With an upside target set at $195.00-$200.00, investors should consider ICE's strategic acquisitions and favorable regulatory environment as key drivers for potential stock appreciation.
📊🏦 Monitor Intercontinental Exchange for promising investment opportunities! #ICE #MarketGrowth 📈🔍