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Why we are selling AMZN at 148The market's bull run is set to end based on the indications for seeing on the S&P. AMZN is one of those stocks that have been quite bullish and a correction is on the card at the 150 mark. The technical indicators are: 1) Daily chart is overbought 2) H4 is overbought and lot of divergence present 3) The upward trend line has been violated which has been intact since October 23, 2023 4) There is a shark pattern in play This will need to be held for 3-4 weeks until it hits close to 132 or there is a buy pattern. Good luck to you and may the pips be with us.
NASDAQ:AMZNShort
by JD_TeenTrader
2
EURAUD 🤖AI Landscape: Unveiling Potential Support & ResistanceEURAUD Landscape: Unveiling Potential Support and Resistance Greetings, Esteemed Investors and TradingView Community, A s we delve into the intricacies of the EURAUD chart, we uncover intriguing trends and patterns that may shape its future trajectory. Today, we'll explore the insights gleaned from Support Vector Machines (SVM), a powerful machine learning algorithm that can decipher support and resistance levels. S VM has identified the blue zone, a potential support area, anchored by significant daily closes on September 29th and November 3rd. This zone has been instrumental in buoying the EUR against the AUD, propelling its price upwards. W hile the EUR experienced a continuous rally until encountering the purple falling trendline last week, this formidable barrier forced it to retreat to the support level established on October 20th. However, the combined strength of the September 29th rally and the subsequent surge on November 3rd could potentially break through this resistance trendline. E xtrapolating from the EUR's performance last week, we anticipate a continued upward movement. However, a correction is not out of the question, and its timing could significantly impact future outcomes. I f the EUR successfully breaches the resistance trendline, any subsequent pullback will not negate the overall bullish trend, and we will consider adjusting our targets upwards. Conversely, a reversal from the current support level would cast doubt on the bullish trend, prompting us to reevaluate our strategy and consider local trends between September 29th and today. C onsolidations often precede bearish market reversals. In such a scenario, we would contemplate opening a short position. C urrently, our long position initiated within the support zone boasts an attractive risk-reward ratio of 11. Please remember that this is not investment advice, and we strongly encourage you to conduct thorough research and consult with financial professionals before making any trading decisions. With gratitude, Ely
Long
by Elysian_Mind
BTC 4hInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price remained above the local upward trend line. After unfolding the Trend Based Fib Extension grid, you can see the support zone from $34,292 to $34,078, and then we have a second strong zone from $33,537 to $33,141. Looking the other way, you can see that the price is struggling with the resistance at $34,735, but we still have a significant resistance zone from $35,724 to $36,157. Looking at the CHOP indicator, we see that there is still energy for a move, the RSI indicator shows a sideways move, while the STOCH indicator shows confirmation of the price rebound with room for further growth.
by cryptodailyuk
6
ETH 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a short time frame of 15 minutes. As you can see, the price is approaching the exit of the triangle. When we unfold the Fib Retracement grid, we can see that we have a strong support zone from $1,775 to $1,760, which should be monitored because a break from the bottom may mean further declines. Looking the other way, you can see the resistance zone from $1,818 to $1,839, and then the resistance at $1,865, only when the price breaks it will it be able to go further up. Looking at the CHOP indicator, we see that there is still energy for a move, on the RSI we are still moving around the middle of the range, but the STOCH indicator shows that we are reaching the upper limit, which may result in another price recovery.
by cryptodailyuk
8
ETH/USDT 1H Interval ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, you can see a support zone from $1,791 to $1,785, and then we have a second zone from $1,775 to $1,768. Looking the other way, we have a resistance zone from $1,798 to $1,808, and then resistance at $1,821 before further growth. Looking at the CHOP indicator, we see that there is still some energy left for the move, while the RSI indicator and the STOCH indicator indicate that we may see a greater price recovery.
by cryptodailyuk
Coca-Cola Co: Maintaining The Resistance LevelKey Points To Note a. Coca-Cola Co (NYSE:KO) reported a growth of 8% in net revenues, reaching $12.0 billion in Q3 2023. b. The company's operating income grew by 6%, while EPS grew by 9% to $0.71. c. Coca-Cola Co (NYSE:KO) also raised its full-year guidance based on its year-to-date performance. d. The company gained value share in total nonalcoholic ready-to-drink (NARTD) beverages. showcasing continued momentum from the first half of the year, Coca-cola company reported an 8% growth in net revenues, reaching $12.0 billion, and a 6% growth in operating income. The EPS also grew by 9% to $0.71. The company's revenue performance included a 9% growth in price/mix and a 2% growth in concentrate sales, which were in line with unit case volume. The operating margin was 27.4%, slightly lower than the 27.9% in the prior year. This decline was primarily driven by items impacting comparability and currency headwinds. However, the comparable operating margin (non-GAAP) was 29.7%, slightly higher than the 29.5% in the prior year. Coca-Cola Co (NYSE:KO) also reported that cash flow from operations was $8.9 billion year-to-date, an increase of $861 million versus the prior year. This was driven by strong business performance and working capital initiatives, partially offset by the transition tax payment made during the second quarter. The company continues to link consumption occasions with consumer passion points to build deeper brand connections. For instance, for the FIFA Womens World Cup 2023, the company activated a system-wide campaign in Australia and New Zealand. The company also continues to pursue its World Without Waste packaging goals by designing and increasing availability of packages that include a combination of recycled materials or reusable containers. Additionally, Coca-Cola Co (NYSE:KO) continues to evaluate its fit-for-purpose balance sheet and the needs required to support its growth agenda. Recently, the company entered into a letter of intent to refranchise company-owned bottling operations in the Philippines to Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures (AEV). What To Expect Towards The End Of 2023 The company expects to deliver organic revenue (non-GAAP) growth of 10% to 11% for the full year 2023. It also expects commodity price inflation to be a mid single-digit percentage headwind on comparable cost of goods sold (non-GAAP) based on the current rates and including the impact of hedged positions. The company expects to generate free cash flow (non-GAAP) of approximately $9.5 billion through cash flow from operations of approximately $11.4 billion, less capital expenditures of approximately $1.9 billion. Overall, Coca-Cola Co (NYSE:KO) delivered a solid quarter and is raising its full-year topline and bottom-line guidance in light of its year-to-date performance. The company's leading portfolio of brands, coupled with an aligned and motivated system, positions it to win in the marketplace today while also laying the groundwork for the long term.
NASDAQ:COKE
by DEXWireNews
MKR/USDT 4HInterval ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the Fib Retracement grid, we can see that the price is above the support zone from $1,487 to $1,456, and then we mark the second strong zone from $1,406 to $1,371. Looking the other way, we see that the price is fighting in a strong resistance zone from $1,497 to $1,542, when we break out of this zone higher, the next resistance is at $1,601. It is worth paying attention to the STOCH indicator, which shows that the energy exceeds the upper limits of the range, which may translate into a rebound in the coming hours.
by cryptodailyuk
1
Dogecoin Rises, But Encounters Resistance At $0.064 Dogecoin price long term forecast: bearish The upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. The upward movement is expected to continue to a high of $0.062. DOGE has now returned to the previous fluctuation range between $0.060 and $0.064. The current uptrend will continue if the price rises above the moving average lines and the barrier at $0.064. The market will reach a high at $0.068. Meanwhile, DOGE is between the moving average lines. Dogecoin indicator display DOGE resumes its uptrend as the price bars cross the moving average lines. The altcoin will have to fluctuate between the moving averages if the 50-day line SMA stops the uptrend. Another market movement is possible when the price rises above the 50-day line SMA. The slope of the moving average lines is in the opposite direction, which indicates a sideways trend. What is the next direction for Dogecoin? DOGE/USD has returned to its price range of $0.060 to $0.064. According to the price indicator, the altcoin will rise to the 1.618 Fibonacci extension or $0.0624. Altcoin is reaching the overbought zone of the market. The current bullish momentum will face resistance at $0.064. Bulls have struggled to break the $0.064 resistance level since August 31.
by DEXWireNews