TKO is poised for a major multi-year breakthrough!Weekly Chart
The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level.
Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern.
After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline.
However, the stock found support at the 200 WEMA and rebounded from that level..
At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around.
The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment.
Daily Chart
The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern.
Since then, the stock has maintained its upward trend and is now close to a major breakout.
The rising volume indicates that the price is preparing for an upward move.
Stockanalysis
ALNY, LTH & ZETA - The momentum may drive prices to new heights!Alnylam Pharmaceuticals
The stock price has encountered several rejections around the 212 level, leading to subsequent corrections.
After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level.
Consequently, the stock underwent another correction.
Following this, the price entered a consolidation phase, forming a Box pattern for a while.
In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it.
Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume.
Life Time Group Holdings
Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75.
Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop.
During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart.
After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level.
If the stock can hold onto this level, we might see even more upward momentum in the days ahead.
Zeta Global Holdings
The stock price had been consolidating within a Box Pattern before breaking free.
Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows.
Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist.
Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.
Coca-Cola (KO): Strength in Uncertain TimesAfter not taking a look at Coca-Cola for quite a while, it's definitely worth analyzing. As one of the biggest assets in the stock market, Coca-Cola seems to have the most resistance with a relatively low risk/return profile, making it very interesting in times of uncertainty. A shift from risk-on assets to risk-off assets could happen easily. Just by looking at the latest rise, we can see that while there was a big sell-off in all stocks, NYSE:KO only fell by about 1.2%. This showcases the strength I am talking about.
After finishing Waves 1 and 2, we got the structure shift for a possible bullish rise. Because the intra-waves aren't very clear on NYSE:KO , we are looking at it from mostly the market structure perspective. Two points are highly interesting: the 3D POC just above the 3D Demand at around $60 and the Weekly Demand at $54.
We are looking for a possible long bid on Coca-Cola but will wait for the opportunity to come. When it does, we will share it with you, of course. 🤝
Vericel (VCEL) AnalysisCompany Overview:
Vericel is a biopharmaceutical company specializing in cellular treatments for severe burn care and sports medicine. The company's flagship product, MACI, is used for knee cartilage replacement and has been a significant growth driver, achieving a 22% revenue increase along with record numbers of implants, biopsies, and surgeon usage.
Product Pipeline:
Vericel is poised to launch two potential blockbuster drugs:
Epicel: A skin graft for severe burns, which also experienced a 22% revenue growth.
Nexobrid: An ointment for removing dead burned skin to improve healing, became available in Q4.
Investment Outlook:
Bullish Outlook: We are bullish on NASDAQ:VCEL above the $43.00-$44.00 range.
Upside Potential: With an upside target set at $64.00-$65.00, investors should consider Vericel's strong product performance and promising pipeline as key drivers for potential stock appreciation.
📈🔍 Monitor Vericel for promising investment opportunities! #VCEL #Biopharmaceuticals 💉🏥
Is MSFT Stock A Buy, Sell, or Hold?MSFT is one of the few tech stocks which trades close to all-time highs, seemingly oblivious to the brutal valuation reset that swept through the sector
In the most recent quarter, MSFT delivered strong results when factoring in the tough macro environment. MSFT grew revenues by 7% (10% constant currency) and earnings per share by 10% (14% constant currency) - two achievements not necessarily typically seen under difficult economic circumstances.
MSFT generated $8.64 billion of that operating income from its productivity and business processes segment, which houses its Office 365 product suite among others. As to be expected, LinkedIn revenue growth came in light at just 8%, a reflection of lower hiring demand.
MSFT generated another $9.4 billion in operating income from its intelligent cloud segment. Azure grew at a 27% clip, far surpassing the 16% growth seen at competitor Amazon Web Services
Investors have been cautious on the ever-valuable cloud business ever since the cloud titans all revealed cloud optimization efforts undertaken by its customers. On the conference call, management implied that they may see easing headwinds as they pass the anniversary of those optimization efforts, stating that “at some point, workloads just can't be optimized much further.” It is possible that MSFT’s partnership with ChatGPT’s creator OpenAI has something to do with that, as management noted that while they do not consolidate any operating losses due to them holding a minority equity interest, they do indeed recognize revenues generated from OpenAI using their cloud services. The other cloud titans did not offer the same bullish commentary surrounding the end of cloud optimization.
MSFT continued to see headwinds from its more personal computing segment, which saw revenues decline by 9% though still managed to generate $4.24 billion in operating income. At some point the comps should become easier here, but that may still be a couple of quarters away.
MSFT ended the quarter with $104.5 billion in cash versus $48.2 billion in debt. I note that the company also has another $9.4 billion in equity investments (the announced $10 billion investment in OpenAI is set to take place in parts throughout the year).
The company continues to pay a growing dividend and conducted $5.5 billion in share repurchases in the quarter. It is not too often that one can get long term innovation and have the majority of free cash flow returned to shareholders as well.
Looking ahead, management has noted that overall growth may struggle due to the prior year’s quarter being a tough comp, with that being their “largest commercial bookings quarter ever with a material volume of large multiyear commitments.” Management did, however, guide for up to 27% in Azure growth, which seems to imply that the bottom for that segment may be very near if not already passed. Investors may be worried about how ongoing tech layoffs may impact Office 365 growth, but management appeared unfazed by this risk, citing that they continue to see strong demand for their product suites.
MSFT continues to show why it is a favorite tech stock in growth allocations, as it has shown resilient growth in the face of tough macro. The strong fundamentals have helped the stock sustain a premium valuation multiple, as the stock recently traded hands at just under 35x earnings.
Valuation remains the most obvious risk with that stock trading something between 50% and 100% higher than GOOGL depending on how many adjustments applied to the latter. With the stock trading so richly on present earnings, the stock could go nowhere for 7-10 years and still be trading at around 15x earnings at that time. Unless MSFT manages to sustain double-digit earnings longer than consensus, the stock will likely need to sustain a rich multiple in order to beat the market index. I note that this risk does not appear as large at the aforementioned mega-cap peers due to not just lower valuations but also due to MSFT appearing to already be operationally efficient with operating margins in excess of 40%. Another risk is that of potential disruption to its enterprise tech business. Wall Street appears to view the stock as being the strongest operator in any of its competing markets, but I do not share such views. In particular, I view competition from the likes of CrowdStrike (CRWD),and GOOGL’s productivity suite as being underestimated risks. It is possible that MSFT is about to face long- term disruption just as its growth story is decelerating - which would have a catastrophic impact on multiples. Due to the near term upside from OpenAI, MSFT hit ATH and now its in pullback mode, I took huge profit and waiting for more confirmation
Falling Wedge pattern breakout in AWLADANI WILMAR LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 444+.
✅Can Go Long in this Stock by placing a stop loss below 344-.
Bullish Flag pattern breakout in TATACONSUMTATA CONSUMER PRODUCT LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1340+.
✅Can Go Long in this Stock by placing a stop loss below 1167-.
#NIFTY Intraday Support and Resistance Levels -30/07/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 24810 level and then possible downside rally up to 24690 in today's session. in case nifty trades Above 24860 level then the upside target can go up to the 24980 level.
Cellebrite (CLBT) AnalysisCompany Overview:
Cellebrite develops digital intelligence solutions for government investigative branches globally. Recently, the company launched its Endpoint Inspector SaaS on AWS Marketplace, which expands its market reach and enhances its role in the Amazon Partner Network. This strategic move is expected to improve net margins by reducing customer system maintenance costs.
Institutional Interest:
Institutional investors are bullish on NASDAQ:CLBT , with SG Americas Securities LLC increasing its stake by 34.8% in Q1.
Analyst Ratings:
Major investment banks are also optimistic about Cellebrite's prospects:
Bank of America: Raised its price target to $13.00.
JP Morgan Chase: Increased its price target to $14.00, both giving an "overweight" rating.
Investment Outlook:
Bullish Outlook: We are bullish on CLBT above the $11.50-$12.00 range.
Upside Potential: With an upside target set at $20.00-$21.00, investors should consider Cellebrite's strategic expansions and strong institutional support as key drivers for potential stock appreciation.
📈🔍 Monitor Cellebrite for promising investment opportunities! #CLBT #DigitalSolutions 💼💻
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 📈🔍
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 📈🔍
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ
After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
Finding stability near the 47 level, the price surged within a Rising Wedge formation.
Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
With two successive breakouts, the stock is currently advancing with strong volume backing.
RTX
We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
Once the pattern broke down, the price dropped back to its previous support zone.
Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
SMCI is about to resume up-trend after 3-months long sideways?SMCI in my opinion is right now clearly formed an Ascending Triangle, and the price is right on the up-trend line support aka. the baseline of the triangle.
The 3-months long sideways correction move is about to end, and a breakout coming?
In worst case scenario we should see a leg higher to the upper bound of the triangle.
Qorvo (QRVO) AnalysisMarket Position and Growth Drivers:
Qorvo NASDAQ:QRVO is experiencing robust growth, driven by significant gains with key mobile customers and strong performance in the defense and aerospace sectors. The company supplies RF chips to major Android OEMs like Samsung, showing expansion in the South Korean market. In China, top OEMs are adopting more of Qorvo's chips, with volume shipments expected this year.
Financial Outlook:
Qorvo anticipates fiscal 2025 Q1 revenue of $850 million, a 30% increase from last year. Analysts forecast a 3% increase in full-year revenue to $3.9 billion and an 8.3% increase in fiscal 2026. With Apple and Samsung as major customers, Qorvo is well-positioned for growth in AI-driven smartphone technologies.
Investment Outlook:
Bullish Outlook: We are bullish on QRVO above the $114.00-$115.00 range.
Upside Potential: With an upside target set at $160.00-$165.00, investors should consider Qorvo's strong customer base and growing market presence as key drivers for future stock appreciation.
📊🔬 Monitor Qorvo for promising investment opportunities! #QRVO #TechStocks 📈🔍
Protagonist Therapeutics (PTGX) AnalysisMarket Position and Growth Drivers:
Protagonist Therapeutics NASDAQ:PTGX is poised for substantial growth, with its recent inclusion in the S&P Small Cap 600 likely attracting significant institutional buying and boosting its stock price.
Strategic Partnership:
The company's partnership with Takeda to develop and market Rusfertide has already resulted in a $300 million upfront payment. Promising Phase II trial results for Rusfertide could lead to substantial profits through opt-out payments, milestone payments, and royalties.
Investment Outlook:
Bullish Outlook: We are bullish on PTGX above the $31.50-$32.00 range.
Upside Potential: With an upside target set at $48.00-$50.00, investors should consider Protagonist Therapeutics' strategic partnership and promising clinical results as key drivers for future stock appreciation.
📊🔬 Monitor Protagonist Therapeutics for promising investment opportunities! #PTGX #Biotech 📈🔍
Marvell Technology (MRVL) Analysis Market Position and Growth Drivers:
Marvell Technology, a leader in semiconductor infrastructure solutions, is set for substantial growth due to increasing demand across sectors such as game consoles, printers, enterprise workstations, and AI servers.
AI and Data Center Expansion:
A key driver for NASDAQ:MRVL is the rising adoption of AI technology, fueling demand for data centers—Marvell's largest business segment, which accounted for 40% of its revenue last year. As AI infrastructure spending increases, Marvell is well-positioned to benefit, enhancing its revenue growth and stock performance.
Technological Edge:
Marvell's products are critical for AI-optimized data centers, offering interconnects and data transfer solutions necessary for high-performance computing systems. The company's custom AI component business is expected to ramp up significantly in the latter half of this year, with high-volume production anticipated in fiscal 2026.
Investment Outlook:
Bullish Outlook: We are bullish on MRVL above the $65.00-$66.00 range.
Upside Potential: With an upside target set at $103.00-$105.00, investors should consider Marvell's strategic position in AI and data centers as key drivers for future stock appreciation.
📊🔧 Monitor Marvell Technology for promising investment opportunities! #MRVL #Semiconductors 📈🔍
Netflix (NFLX) - Preparing for the Next Upward MoveBack in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly.
Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term.
Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
PayPal (PYPL) - Approaching Potential Reversal ZonePayPal has reached our anticipated zone for Wave (ii), respecting the $59 to $57 range. The price action suggests a possible bottom formation, making it a candidate for a potential entry point.
Key observations indicate that the support and reversal zone between $59 and $57 has held and build an EQL there, indicating a possible end to the correction phase. If the price revisits the Point of Control, it could offer another attractive entry point for long-term positions.
However, PayPal remains in a range, making the situation somewhat risky as it hasn't broken out decisively yet. There is a risk that the price could revisit the lower bound around $55.77. Falling below this level would invalidate our bullish outlook.
We are monitoring PayPal closely and will consider entering long positions if the current support holds and the price action confirms a reversal. The Point of Control remains a key level to watch for another potential entry.
PANW Cup&Handle confirms strong uptrend?I find a recently confirmed Cup&Handle formation on PANW, which comes handy when the fundamentals are so strong, with AI creating bigger cybersecurity threats and the need for more sophisticated solutions to that. PANW is poised to monetize strongly on this phenomenon.
Madrigal Pharmaceuticals (MDGL) AnalysisPioneering Treatments for NASH:
Madrigal Pharmaceuticals NASDAQ:MDGL is leading the charge in developing treatments for non-alcoholic steatohepatitis (NASH). Its drug, Rezdiffra, is the only approved treatment for metabolic-associated steatohepatitis (MASH). With ongoing research to expand its indications, Madrigal is well-positioned in a market projected to be worth $12 billion to $35 billion annually.
Market Potential and Analyst Outlook:
Analysts forecast Rezdiffra’s peak sales could exceed $5 billion, with clinical trials for cirrhosis treatment potentially expanding its market by 2026-2027. Given its innovative treatment, strong market potential, and positive analyst outlook, Madrigal is a compelling investment opportunity.
Investment Outlook:
Bullish Outlook: We are bullish on MDGL above the $255.00-$257.00 range.
Upside Potential: With an upside target set at $430.00-$440.00, investors should consider Madrigal's pioneering drug development and significant market potential as key drivers for future stock appreciation.
📊💊 Monitor Madrigal Pharmaceuticals for promising investment opportunities! #MDGL #BiopharmaGrowth 📈🔍
Mirum Pharmaceuticals (MIRM) AnalysisAdvancements in Rare Disease Therapies:
Mirum Pharmaceuticals NASDAQ:MIRM is advancing in the biopharma sector with a focus on therapies for rare diseases. Recently, Mirum submitted a New Drug Application (NDA) for chenodiol tablets to treat cerebrotendinous xanthomatosis (CTX), following positive phase 3 RESTORE trial results. FDA approval could be a breakthrough for early diagnosis and treatment of this rare disease.
Positive Market Response:
CEO Chris Peetz highlighted the potential impact of chenodiol in alleviating CTX symptoms. Wall Street has responded positively, with Citi raising their price target for Mirum to $64 from $38 and maintaining a Buy rating, reflecting confidence in Mirum's pipeline and recent updates on volixibat and FDA-approved Livmarli.
Investment Outlook:
Bullish Outlook: We are bullish on MIRM above the $29.00-$30.00 range.
Upside Potential: With an upside target set at $48.00-$49.00, investors should consider Mirum's promising pipeline and recent regulatory advancements as key drivers for potential stock appreciation.
📊💊 Monitor Mirum Pharmaceuticals for promising investment opportunities! #MIRM #BiopharmaGrowth 📈🔍
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 📈🔍