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GME's Swing to $290? Falling Wedge Breakout Alert! 📊✨ GameStop's Falling Wedge Formation: A Swing Trade Analysis Introduction: In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the downtrend. Analysis: The falling wedge pattern in GME's chart is characterized by converging trend lines that have been forming over the past months. This pattern typically indicates that the selling pressure is starting to wane, and a bullish reversal might be on the horizon. As we dissect the chart, the immediate target for this swing trade appears to be the top of the wedge. This level, acting as a significant resistance in the past, could be the first milestone GME might hit as it attempts to reverse its downtrend. Long-Term Swing Target: Looking beyond the immediate resistance, the longer-term target for GME could be in the vicinity of the ~$290 region. This ambitious target is derived from the height of the wedge projected upwards from the breakout point, a common practice among traders to determine potential swing targets in wedge patterns. Strategic Considerations: For traders considering this setup, it's crucial to wait for a confirmed breakout above the wedge pattern. Volume should accompany this breakout to validate the move, providing a stronger conviction for the long position. Risk Management: As with any trade, risk management is paramount. Setting a stop-loss below the lower trend line of the wedge or at a recent swing low inside the wedge can help mitigate potential losses should the pattern fail to materialize as expected. Conclusion: The falling wedge formation on GameStop's chart presents an intriguing opportunity for swing traders. With a careful approach, focusing on confirmation and risk management, this setup could offer a favorable risk-reward ratio, aiming first for the top of the wedge and then potentially for the longer-term target in the ~$290 region. Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NYSE:GMELong
by STP_MrNodeItAll
3
MOEX Russia Index. The epic 52-weeks breakthrough expectedRussia’s trapped domestic investors push stock market to 2-years high. Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict. A rise of more than 100 per cent since March, 2022 low has pushed the MOEX index to levels last hit in early February 2022, before Russian President Vladimir Putin announces so-called "special military operation" that sent Russia’s equity market into freefall. The market’s partial rebound over the two years has come despite the imposition of countless western sanctions designed to cripple Russia’s financial system. The Kremlin responded to the measures by blocking most foreign traders from exiting their investments and capping the amount of money Russians can stash in foreign bank accounts. Due to U.S. Department of Treasury and Euroclear sanctions, money is trapped. Where do you put it but on the exchange? Deprived of investment opportunities abroad (because of stupid, a nazi-like sanctions), Russians have piled their savings into the likes of Lukoil, Gazprom and Sberbank, which combined account for about 40 per cent of the stock market’s total value. “Russian retail investors have always been about dividends,” said Sofya Donets, chief Russia economist at Renaissance Capital, a Moscow investment bank. The Russian stock market’s recent rally bears some resemblance to the surprisingly strong performance of the Borsa Istanbul 100 last year. Russia’s economy has also held up better than expected. For many domestic Russian retail investors, nothing has changed compared to before the conflicted started, as the economy is doing OK. Big dividend payers like state-owned Sberbank, whose shares are up 71 per cent trailing 12 months, are attractive to most Russians and now they’re some of the few investment options available.  Even so, foreign investors not banned by sanctions have kept well clear of the Moex since an exodus last February, when central bank figures show non-residents shed about Rbs170bn ($2.2bn) worth of Russian stocks. Trading volumes on the Moex slumped 41 per cent year on year in 2022. There is a “close-to-zero chance” that foreigners whose Russian holdings have in effect been frozen will be allowed to sell out of their positions. Perhaps there could be an artificial settlement, some kind of exchange for holdings frozen for Russian investors outside of Russia. In technical terms, IMOEX graph is near to break 52-weeks highs, following 26-weeks SMA, with further upside opportunities to reach 4000 points and new historical highs.
RUS:IRUS
by PandorraResearch
ASI Update on 26022024Support Zone - 10150 to 10350 Resistance Zone - 10800 to 11000 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102
♨ Nvidia stocks are heading Up to recover, after September meltNvidia stocks moved higher in early Monday trading after analysts at Goldman Sachs NYSE:GS added the chipmaker, along with three other stocks, to its flagship list of stock recommendations. Goldman Sachs analysts added Nvidia to the bank's "Americas Conviction List", a step up from the 'buy' rating it assigned to the stock in late August, while holding its price target in place at $605 per share. "Look for Nvidia to maintain its statues as the accelerated computing industry standard for the foreseeable futures given its competitive moat and the urgency with which customers are developing and deploying increasingly complex AI models," Goldman argued. The bank also added cybersecurity group Okta NASDAQ:OKTA , industrial supply group Cintas NASDAQ:CTAS and biotech Quanterix NASDAQ:QTRX to the "conviction buy" list while removing Salesforce NYSE:CRM and Johnson Controls NYSE:JCI . Nvidia, the world's biggest AI chipmaker, forecast current quarter revenues of around $16 billion in August when it published stronger-than-expected second quarter earnings and later unveiled an make it easier for clients to run AI applications on Google Cloud NASDAQ:GOOGL using Nvidia-made chips with deeper integration between hardware and software offerings. "We’re at an inflection point where accelerated computing and generative AI have come together to speed innovation at an unprecedented pace," said CEO Jensen Huang of the Google agreement. "Our expanded collaboration with Google Cloud will help developers accelerate their work with infrastructure, software and services that supercharge energy efficiency and reduce costs." Nvidia shares were marked 3% higher in early Monday trading to change hands at $ 448 /share. The stock is up more than 200% for this year, and reached an all-time high of $487.84 on Aug 29, 2023. Technical picture says, Nvidia NASDAQ:NVDA stocks are still on its positive path, and trading above 6- and 12-months simple moving averages. Moreover the key breakout of technical indicator known as "a Triangle" is happening right here as stocks are recovering form the bearish hug.
NASDAQ:NVDALong
by PandorraResearch
2
🔁 Are Trimble Stocks Ready For Rebound To Pre-Inflation Highs Trimble is a company that specializes in software for navigation, guidance, and control of equipment for various industries, including construction and agriculture, trades at $54 per share, about 37% below the level seen two years ago in December 2021. Looking at a slightly longer term, NASDAQ:TRMB stock has faced a notable decline of 25% from levels of $65 in early January 2021 to around $50 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. However, the decrease in NASDAQ:TRMB stock has been far from consistent. Returns for the stock were 31% in 2021, -42% in 2022, and about 5% in 2023. In comparison, returns for the SP:SPX have been 27% in 2021, -19% in 2022, and 25% in 2023 - indicating that NASDAQ:TRMB underperformed the S&P in 2022 and 2023. In fact, consistently beating the S&P 500 - equally in good times and in bad - has been quite difficult over recent years for individual stocks. Given the current uncertain macroeconomic environment with high oil prices that still above its 5 years SMA, and elevated interest rates, lets take a look could NASDAQ:TRMB face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months - or will it see a recovery? Returning to almost pre-inflation shock high of around $80 means that NASDAQ:TRMB stock will have to gain about 50% from here, so potentially that will not materialize anytime in extremely fast mode. Meanwhile the main technical graph says NASDAQ:TRMB stock getting a support around $40 level and breaks out its major 52-weeks SMA resistance first time over the past 5 years. Following this, it can takes the time while potentially NASDAQ:TRMB stock is ok to recover the next one pre-inflation $80-85 level.
NASDAQ:TRMB
by PandorraResearch
BANKNIFTY ANALYSISBANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,363 - OI Resistance Zone: 47,360 to 47,426 - Analysis: The previous day high at 47,363 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,360 to 47,426. Traders should closely monitor price action in this area for potential breakout opportunities. 2. Previous Day Low and OI Support: - Previous Day Low (PDL): 46,886 - OI Support Zone: 46,821 to 46,889 - Analysis: The previous day low at 46,886 serves as a key reference point. If the price approaches this level, it may find support within the OI support zone ranging from 46,821 to 46,889. Traders should observe how the market reacts around this area, as a bounce or breakdown could indicate potential future movements. Overall Analysis: - The market has established a range between the previous day high and low. - Traders should pay attention to the OI resistance zone above the previous day high and the OI support zone below the previous day low. - A breakout above the OI resistance zone could signal bullish momentum, while a breakdown below the OI support zone may indicate a bearish trend. Key Takeaways for Traders: - Bullish Scenario: A decisive move above the previous day high and the OI resistance zone could provide opportunities for bullish trades. - Bearish Scenario: If the price drops below the previous day low and the OI support zone, it may present opportunities for bearish trades. - Caution: Traders should exercise caution within the established range and wait for clear signals before initiating significant positions. Remember, this analysis is based on historical price levels and open interest data, and actual market conditions may vary. It's essential to use additional technical indicators, real-time data, and risk management strategies for a comprehensive trading approach. Always stay informed about external factors and market news that could influence the Bank Nifty's movements.
NSE:BANKNIFTY
by Shivam_Bhanot
🏦💹 Goldman Sachs (GS) Analysis📈 Technical Overview: GS Price: Potential benefits in uncertain macroeconomic conditions. Resilience: Historical resilience, particularly noted during the 2008 financial crisis. Private Equity Capital: Significant capital in private equity firms ($1.3 trillion at the start of 2023). Potential Impact: Expected to benefit intermediaries like Goldman Sachs. 📊💼 Financial Outlook: M&A Deals: Expected to facilitate complex M&A deals, earning fees for the company. 📈🚀 Trade Sentiment: Sentiment: Bullish on Goldman Sachs (GS). Entry Range: Above $320.00-$325.00. Upside Target: Set in the $520.00-$530.00 range. 🔄💡 Note: Monitor macroeconomic trends for confirmation and adjust strategy accordingly. 📉💡 #GoldmanSachs #GS #FinancialAnalysis 🏦💼
NYSE:GSLong
by Richtv_official
😳 TREASURY-BONDS COLLAPSE IS JUST ONE STEP AWAY TO COME BACKThe collapse in Treasury bonds in 2021-2023 now ranked among the worst market crashes in history. Since March 2020 to 2023 fall, Treasury long term bonds with maturities of 10 years or more have plummeted over 40% while the 30-year bond had plunged over 50%. That's just under losses seen in the stock market when the dot-com bubble burst. The bond rout was worse than the one seen in 1981 when the 10-year yield neared 16%. The bond-market sell-off that's sending yields soaring is starting to eclipse again some of the most extreme market meltdowns of past eras. Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of 2008. Compared with previous bond-market meltdowns, long-term Treasurys are seeing one of the most extreme undoings in history. The losses are over twice as big as those seen in 1981 when 10-year yields neared 16%. That crash came as the former Federal Reserve chair Paul Volcker grappled with historic inflation and pushed the federal funds rate to just under 20%. While interest rates remain well below that level today, the central bank's aggressive turn toward monetary tightening in the post-pandemic era has caused a similar bond-market rout. And some traders have continued selling amid concerns of rebounding inflation, while a deluge of Treasury issuance this year has also pressured bond prices. Technical graph for 10-year yield futures CBOT_MINI:10Y1! indicates that 52-weeks SMA support is still important for further T-Bonds pressure, while 10-year yield (unfortunately to T-Bonds holders) is still following major upside trendlines.
CBOT_MINI:10Y1!
by PandorraResearch
Microsoft - It's That SimpleHello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my video analysis: In 2019 Microsoft stock started creating a major bullish trendline which was tested again in 2020 and also the beginning of 2023. Furthermore Microsoft also broke out of a massive ascending triangle formation and is now just looking extremely bullish. If Microsoft retest the previous breakout area mentioned in the analysis, we will be looking for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:MSFT
by basictradingtv
3
Occidental Petroleum Corp.: Bullish Bias. ContinuationTo be successful on Wall Street, it is important to be flexible and be able to recognize changing market winds - the patterns that tell investors when to get in and out of the market. Sometimes a breeze is a warm and inviting wind: assets rise in value, and it seems that everyone is making money. Other times, it turns into a violent storm, leaving in its wake financial destruction, memories of the past, and hope that better times are yet to come. Occidental Petroleum Corporation (often abbreviated as Oxy in reference to the symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East, as well as petrochemical production in the United States, Canada and Chile. The oil company, among other Value Investing Assets, has become one of the main beneficiaries of the weakening and reversal of WFH ("Working From Home") disinflationary trends that quickly shook the entire financial world against the backdrop of the Covid-19 pandemic in Q1 2020. But faded also just as quickly, while since the first quarter of 2021, in two years, many growth assets have been undermined, rocked by scandals, or completely destroyed. It was revealed in March that Warren Buffett's Berkshire Hathaway added more shares to an already large bet on Occidental Petroleum, according to an SEC Form 4 report released on March 7, 2023. The Buffett conglomerate bought nearly 5.8 million shares of the oil company over multiple trading sessions in March, at prices ranging from $59.85 to $61.90, according to the documents. Berkshire now owns 200.2 million shares of Occidental, totaling 22.2% of the oil company's shares, up from 21.4% previously. Occidental shares are currently among the top 10 Berkshire holdings. The energy company outperformed the S&P 500 index last year, more than doubling in price. In March, Occidental CEO Vicki Hollub said in an interview with CNBC that she met with the 92-year-old investor, noting that they talked about the oil and gas industry and related technologies. Last August, Berkshire received regulatory approval to buy up to 50% of Occidental, sparking speculation that Berkshire could eventually buy out the entire Occidental company. Berkshire also owns $10 billion of preferred shares in Occidental and has warrants to buy another 83.9 million shares of common stock for $5 billion, or $59.62 each. The warrants were obtained as part of the company's 2019 deal that helped finance the purchase of Anadarko Occidental. While many investors even now continue to believe in the crypto-snow that melted without a trace the winter before last, the technical picture indicates the possibility of Growth comtinuation in value investment assets, incl. Occidental Petroleum - after the completion of the 0.618x Fibonacci retrace to the Growth that began later to Russian President "Special Military Operation" announcement in Q1'22. Also, the support of weekly SMA (200) in CL1! - Crude Oil Futures adds bullish bias to market participants.
NYSE:OXY
by PandorraResearch
11
☄ Natural Gas Futures: This Is Ground Control To Major TomThis publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023. Good or bad, y'all be the judge. But here's what ChatGPT said... As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural gas prices drop below zero in 2023: 1. Growth in the use of alternative energy sources such as solar and wind energy. 2. Increasing US shale gas production, which will lead to an increase in global supply. 3. Reduced demand for natural gas due to switching to other types of fuel. 4. Increasing natural gas production in highly competitive countries such as Russia and Qatar. 5. The weakening of economic activity in various countries of the world, including China, the US and Europe. 6. Reducing inflation in various countries, which reduces the cost of natural gas. 7. A record increase in natural gas inventories caused by a reduction in demand and an increase in production. 8. Disputes between countries-suppliers and consumers of natural gas, which may lead to a decrease in exports and imports. 9. Increasing competition in the natural gas market from other producers such as Iran and Iraq. 10. Development of new technologies that make it possible to obtain energy from other sources without the use of natural gas. Technical picture in Natural Gas Futures indicates the biggest YTD decline over the all history of Natural Gas Futures trading since early 1990x. The main chart is adjusted for futures change All History Chart.
NYMEX:NG1!
by PandorraResearch
11
JAT.N0000Falling Wedge Pattern. Wait for a break out in daily chart. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:JAT.N0000
by rukshan2102
Negative Real Rates Help Japanese Yen To Further EasingFed officials last week again signaled the U.S. central bank has no pressing need to cut rates. The message gave the dollar an extra tailwind that pushed the yen to a 10-week low as traders reduced bets on how quickly the Bank of Japan (BOJ) might raise rates. BOJ Governor Kazuo Ueda said on Friday there was a high chance for easy monetary conditions to persist even after the central bank ends its negative interest rate policy, which the market expects to happen as early as next month. The yen was little changed at 161 per Euro. Japanese Finance Minister Shunichi Suzuki said he was "watching FX moves carefully," uttering a well-worn phrase for the first time since Jan. 19. Traders were unfazed by the warning. The next major scheduled U.S. data release is CPI for January on Tuesday. Traders have all but ruled out a cut at the Fed's next policy meeting in March, versus a chance of 65.9% a month ago, according to CME Group's FedWatch Tool. It shows around a 60% chance of a cut by the Fed at its May meeting. By the way, short-term so-called 'real interest rates' (difference between BOJ Interest Rate ECONOMICS:JPINTR and Japanese YoY inflation ECONOMICS:JPIRYY ) turned pretty down in 2023 to minus 400 b.p. (45-years lows) - levels that were not seen in Japanese economics since mid-1970s (right hand side). In this time Japanese, 'a real interest rate' is around minus 270 b.p. and still very far below neutral Zero-level. 💡 The real interest rate is an interest rate that has been adjusted for inflation to reflect the real cost of funds to a borrower and the real yield to a lender or an investor. 💡 The main technical graph (left hand side) indicates on very strong bullish momentum over the past 3 years due to pro-inflation fears, that perhaps will push Fx FX:EURJPY pair further to its main targeted 185-yen level. 💡 30- and 60-day correlations between FX:USDJPY and FX:EURJPY are above +0.70, the two currency pairs tend to move in tandem. A rise in EUR/JPY should also see the cross climb.
by PandorraResearch
MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹ or enter at 21₹ Target - 35.55 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
BSE:MISHTANNLong
by Jagadheesh_JP
6
MARSONS LTD - 110% PROFITS GIVEN IN 1 MONTH3 TARGETS COMPLETED Can enter at 8.70 Average at 7.61 level Target - 12,15+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
BSE:MARSONSLong
by Jagadheesh_JP
7
US10Y: Key Moment for Stock MarketHi Trader! U.S. Treasury yields climbed on Wednesday after an unexpected rise in UK inflation last month and stronger-than-expected U.S. December retail sales data strengthened the case that interest rate cuts will not be as imminent as the market expects. The UK inflation print, as well as more push-back from European Central Bank officials on Wednesday against interest rate cut bets, pushed European bond yields higher. Treasury yields, which move inversely to prices, followed suit, with the uptick gaining momentum after Commerce Department data showing retail sales in December grew by 0.6% month on month, above the 0.4% economists had expected in a poll. Weak demand for a 20-year bond auction also helped lift yields later on Wednesday. 💡 "December retail sales reflect an economy that, although slowing, continues to be underpinned by consumer spending," said Quincy Krosby, chief global strategist for LPL Financial. "For the Federal Reserve, slower consumer demand would help propel inflation to decelerate at a faster pace; however, with consumer confidence gaining momentum, the economic landscape remains on solid ground," she said in a note. 🔴 The short-end of the yield curve, more closely linked to monetary policy expectations, led the move higher. Two-year yields rose about 13 basis points to 4.354%, their biggest daily increase in over a month. Benchmark 10-year yields US10Y added about four basis points to 4.104%, their highest since Dec. 13. 🔴 From a technical perspective, chart shows a bearish impulse structure forming, and this technical bounce could form the second corrective leg (wave 4) before another bearish swing (wave 5). That said, the key resistance is around 4.23, and a rally above it could invalidate the technical structure. We correctly predicted the surge in inflation last year, but now the geopolitical context has become more complex: (Click on chart below) In conclusion, if this analysis is correct, Stock Markets (SP500, Russell, DJ,...) should see another rally with potential new High Top... Trade with care Like | Share | Comment
TVC:US10YShort
by TheAnonymousBanker
4
Unveiling MSUMI: Charting Paths to ProsperityEmbark on an insightful journey through the stock landscape of Motherson Sumi Wiring India Ltd (NSE: MSUMI). Our analysis at NEOALGO delves into the intricacies, spotlighting growth opportunities backed by compelling factors. As we navigate MSUMI's trajectory, notable signals emerge, suggesting a potential upswing. From robust order blocks to strong upward signals and a discernible EMA crossing, the technical indicators align for an optimistic outlook. However, a prudent approach is essential. NEOALGO is not SEBI registered, and while our analysis provides valuable insights, investors should conduct thorough research. Your profit or loss is your responsibility. Stay informed, explore the growth potential of MSUMI, and trade strategically with our detailed analysis. 🚀📊 #MSUMI #StockAnalysis #GrowthOpportunities #TradeSmartly
NSE:MSUMILong
by NEOALGO_PRO