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Tesla at a Crossroads: Breakout to $271 or Breakdown to $191Good morning, Trading Family! Tesla’s price is idling in neutral, stuck between a potential breakout to $271 or a breakdown to $191. It’s like watching Elon flip a coin—will it blast off like a SpaceX rocket, or will the bears run out of juice and send it rolling downhill? This kind of consolidation feels like the calm before the storm. Traders, keep your seatbelts fastened—whether it’s full throttle to the upside or a hard brake toward lower levels, this chart promises some action ahead. Stay patient and focused. Trade what you see, not what you hope for. – Mindbloome Trader
NASDAQ:TSLA
by Mindbloome-Trading
NVDA Breakout or Rejection? Major Levels to Watch NVDA is at a make-or-break point, and it’s time to pay attention! 🔥 Key Resistance: 👉 $137 is the line in the sand! A breakout above $137.49 could send NVDA rocketing higher. 📈 Key Support: 👀 If the rejection happens here, look for price to drop into the $132-$133 zone, where fresh opportunities might open for the bears. 📉 📌 Keep these levels on your radar — it’s shaping up to be a high-volatility move! Are you ready to take advantage? 🌊 MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
Gatos Silver (GATO) AnalysisCompany Overview: Gatos Silver NYSE:GATO is positioned for an exceptional 2024, with CEO Dale Andres expressing confidence in hitting the higher end of silver production forecasts. The company’s 70% stake in the Los Gatos Joint Venture (LGJV) significantly enhances its value proposition, while ongoing aggressive exploration efforts in the region provide opportunities for new discoveries and resource expansion. Key Catalysts: Strong Silver Production: GATO is expected to deliver silver production at the upper end of its projections for 2024, which could be a key driver for stock performance. Los Gatos Joint Venture (LGJV): The company's 70% ownership in LGJV offers a solid foundation for growth, with access to one of the highest-grade silver districts globally. Exploration & Resource Expansion: GATO's exploration efforts in the Los Gatos district continue to uncover new opportunities for resource expansion, bolstering future revenue prospects. Revenue Growth: In Q1 2024, Gatos Silver reported a 16% increase in revenue, largely due to higher sales volumes, a positive sign of operational efficiency and market demand. Investment Outlook: Bullish Outlook: We are bullish on GATO above $12.80-$13.00, supported by the company’s strong silver production outlook and exploration upside. Upside Potential: Our target range for GATO is $25.00-$26.00, driven by production growth, exploration success, and increasing revenues. 🚀 GATO—Silver Shining Bright with Exploration and Production Growth. #SilverStocks #Mining #Exploration
NYSE:GATOLong
by Richtv_official
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.
TVC:DXYShort
by stewdamus
MRF Ltd. (NSE: MRF) – Technical Analysis UpdatePattern Formation: MRF Ltd. has been forming a cup-and-handle pattern over the past several months, indicating a bullish continuation. The stock has successfully tested the key Fibonacci retracement levels and is now moving towards potential breakout zones. Cup-and-Handle Formation: The rounded cup formed after the stock declined from its peak around ₹150,995 and found support near ₹115,601. The handle has now completed, as the stock consolidated within a falling wedge pattern, building strength for the next leg upwards. Key Resistance Levels: Immediate Resistance: ₹144,045 (4.26% upside) – This level aligns with the upper boundary of the wedge pattern. A breakout above this level would signal strength, confirming the end of the handle phase. Major Target: ₹161,250 (16.54% upside) – This represents the projected target based on the full breakout of the cup-and-handle pattern, leading towards a possible rally to the previous all-time highs. Support Levels: Strong Support: ₹133,298 – This aligns with the 50% Fibonacci retracement level, where the stock has shown significant buying interest during previous dips. Key Fibonacci Levels: 61.8% (₹133,475) and 38.2% (₹129,121) act as pivotal zones for any pullback in case of renewed selling pressure. Volume Profile & RSI: Volume Analysis: The recent volume spikes, especially during the approach to the wedge breakout, show accumulation, confirming investor confidence. RSI: The Relative Strength Index is approaching the 60-70 range, suggesting a healthy bullish trend without overbought conditions. Outlook: If MRF Ltd. breaks out of the ₹144,045 resistance level, it could see a swift move towards ₹161,250, a potential gain of 16.5% from current levels. Traders should look for strong volume confirmation during the breakout for additional momentum. Risk Factors: If the stock fails to sustain above ₹133,298, there could be a deeper retracement to test lower Fibonacci levels, with downside risks towards ₹129,000-125,000.
NSE:MRFLong
by AngshumanSaikia
Meta (Facebook) Price AnalysisMeta’s price is approaching a key daily resistance level. If we get a breakout above this resistance, it could signal the start of a strong upward move, with potential to target the next r level. Key points to watch: Breakout above the daily resistance: This could lead to a continuation of the uptrend. If the breakout happens, the price may target the next level on the chart. It’s crucial to watch the price action closely to confirm the breakout!
NASDAQ:METALong
by rebenga93
S&P bulls regain control, aiming for the new highAfter the major sell-off in the first week of September, the market has made a U-turn, rebounding to its previous highs. This outcome was anticipated as highly likely in my last review, though, as is often the case, the market exceeded boldest expectations. Currently, we have confirmed a weekly higher low, which provides a solid foundation for the continuation of the uptrend. It’s also worth noting that the rally is being driven by risk-on assets like XLK and XLY, reflecting growing investor confidence. The mid- and long-term outlook remains bullish, though heightened volatility is expected as we approach the US elections. Important levels: 539.4 - major weekly low. Bulls must protect this level to keep uptrend intact 565.2 – major monthly high. There might be some resistance at this level. Bulls must clear it for uptrend continuation. FOMC meeting is set for Wednesday but it is not expected to bring big surprises.
AMEX:SPYLong
by hermes_trisme
Morepen Laboratories Trading IdeaIntroduction Morepen Laboratories Ltd. engages in the business of manufacturing bulk drugs, intermediates, and medical devices; and business of formulation. It operates through the following geographical segments: the United States of America, Rest of World, and India. Observation Stock Trade all the Ema making rounding bottom after a rejection from 72 level in 2021. now it is trying to breakout the same level once it breakout and sustain above 72 level no one can stop this stock to reach my levels which is 120. on weekly chart you'll see a gap up open marubozu candlestick stock look strong on all the TF. Get the inside scoop! Read the rest of the article on our blog 👆
NSE:MOREPENLABLong
by SHEHBAZ_KHAN
2
🔜 20+ Year Treasury Bond Market. Perhaps This Is The End US stocks surprised much of Wall Street this year with a strong run that defied decades-high interest rates and recession calls. The rally was fueled by slower inflation and hype over artificial intelligence. But more recently, the Federal Reserve's unwavering higher-for-longer rate stance and a deepening bond-market rout have had a sobering effect on equities sentiment, with the S&P 500 index halving its year-to-date gains. Indeed stock valuations are looking increasingly stretched, raising the risk of a correction. One such indicator in particular is flashing RED - the relative valuation of stocks versus the debt market. SPX / ICE BofA Corporate Total Return Index In August this year, the S&P 500 CBOE:SPX climbed to levels last seen during the peak of dot-com boom, relative to an index that tracks the US corporate bond market. The gauge is still holding near those highs, despite the recent pullback in equities. The metric last surged this high in the spring of 2000 — and that was followed by a multi-year meltdown in stocks that saw the S&P 500 crash 50% between March 2000 and October 2002. SPX 50% Decline During 2000-2002 Another indicator that shows the richness of stocks relative to debt is the so-called equity risk premium — or the extra return on shares over government debt, which is considered a safer form of investment. The metric has plunged this year lows unseen in decades, indicating elevated stock valuations. "Equity risk premium is near its worst ever level going back to 1927. In the 6 instances this has occurred, the markets saw a major correction & recession/depression - 1929, 1969, 99/00, 07, 18/19, present," research firm MacroEdge said in a recent post on X (ex-Twitter). The so-called equity risk premium (earnings yield minus bond yield) recently fell to a new cycle low and remains well below historical averages. In other words, the stock market has become more expensive relative to the bond market despite the recent pullback. Meanwhile the main graph (quarterly Div-adjusted chart for NASDAQ:TLT 20+ Year Treasury Bond ETF) illustrates perhaps right there could the end for U.S. Govt Bond Market decline, with Double top as a further projected/ targeted upside price action. Will all of that bring U.S. stock market to 50% decline like in early 2000s!? Time will show!
Editors' picks
NASDAQ:TLT
by Pandorra
40
Tesla's Robotaxi Event: Alphabet's Waymo Could Be the Real WinneTesla's upcoming Robotaxi event on Aug. 8 has the potential to spotlight Alphabet's Waymo division. While Tesla garners attention for its self-driving car ambitions, Alphabet's Waymo already operates autonomous taxis across the U.S. Analysts suggest that renewed interest in Waymo could significantly boost Alphabet's stock. The autonomous vehicle market is vast, with potential revenue in the billions. As both companies vie for a share, Wall Street sees self-driving cars as a trillion-dollar opportunity.
NASDAQ:GOOGLong
by signalmastermind