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Blackrock(BLK): Targeting $1050-$1250 After Strong EarningsThis week, BlackRock will release its third-quarter earnings report, and there’s a lot of optimism in the air. Morgan Stanley expects BlackRock to beat analyst expectations, forecasting stronger-than-expected net flows. According to Morgan Stanley, net flows will likely accelerate 8.3% year-over-year on an organic basis, with their forecast being 420 basis points ahead of the consensus. They also predict a 5.7% organic growth rate for long-term inflows, marking a sequential acceleration. BlackRock is scheduled to release its third-quarter results on Friday. From a technical analysis standpoint, we anticipate more upside but with some limitations. We expect the intra-wave structure of wave ((iii)) to land between $1050 and $1350, though the more likely range is $1050-$1250. After spotting potential weakness in this range, we’ll be looking for an opportunity to enter on wave ((iv)), and we’ll send out limit orders when the time comes. As for the overarching wave (1), we expect a maximum of $1500 before a larger correction occurs. Stay tuned as we monitor this carefully and share the next steps.
NYSE:BLKLong
by freeguy_by_wmc
Frontline FRO possible Breakout targeting $28Analysis Trendline Breakout: Recently broke above a downward trendline; potential for bullish momentum. Support and Resistance: Watch for support near the trendline and next resistance around 25-26 levels. Recent high volatility. Key Points for Trading: Entry Point: Consider entering on pullbacks to the trendline if volume confirms. Risk Management: Set tight stop-losses below the trendline. Target: Aim for resistance levels at $26,60 and $28,60 for potential profit taking. Continued Monitoring: Watch price action and volume for sustained breakout strength. Trend Forecast: Bullish Bias: Short-term bullish trend possibly forming. Support Level: Watch for support around the $23 mark. Resistance Level: Immediate resistance near $25-$26. Forecast Summary: Expected Movement: Potential retest of resistance near $25-$26, with pullbacks to support. Triggers: Earnings reports, market news, or geopolitical events could impact movement. Risk: Tighten stop-losses to manage risk effectively.
NYSE:FROLong
by candlefire-trading
2
PROCTER & GAMBLE Low risk buy opportunity on the Channel bottom.Procter and Gamble (PG) has been trading within a 10-month Channel Up (since December 15 2023) and on September 10 2024 priced the latest Higher High and got rejected. Even though it has broken below its 1D MA50 (blue trend-line), yesterday it tested and held the short-term Support 1 level, which is intact since August 14. The 1D MA200 (orange trend-line) has been the absolute Support of this pattern, having formed just above it both the Higher Lows of July 30 and April 19. Yesterday's Low isn't as close to the 1D MA200 as those two but it is close enough to constitute a low risk buy for the medium-term, even though we might see a little more decline towards the Channel's bottom. Notice however the 1D RSI that made a clear rebound inside its 10-month Buy Zone. As a result, we turn bullish on this stock and as with the last Higher High, we are again targeting the 1.5 Fibonacci extension level at 182.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PGLong
by TradingShot
The Netflix (NFLX) Share Price Has Reached an All-Time HighThe Netflix (NFLX) Share Price Has Reached an All-Time High As shown in the daily chart for Netflix (NFLX), during yesterday’s trading session, the price exceeded $725, marking a new all-time high. The bullish sentiment is driven by the upcoming release of the third-quarter earnings report, scheduled for 17 October. According to Zacks analysts' forecasts: → earnings per share are expected to reach $5.07, up 35.92% compared to the same quarter last year; → gross revenue is forecast to be $9.76 billion, an increase of 14.31% year-on-year. A technical analysis of Netflix’s (NFLX) daily chart indicates that the price is moving within an upward channel (shown in blue), which has been in play since the start of 2024. Specifically: → the price made a convincing recovery after the stock market’s panic-driven decline on 5 August; → the median line acted as support (indicated by an arrow); → since mid-September, the price has remained in the upper quarter of the blue channel; → while the psychological level of $700 showed resistance in late August, the NFLX price is now firmly holding above it. These observations suggest strong buying pressure for NFLX shares. However, the current situation could be disrupted by the earnings release. What if the actual figures fall short of market expectations? In that case, a significant correction is possible – perhaps down to the channel's median line. In the meantime, analysts maintain a cautiously optimistic outlook. According to TipRanks, out of 37 ratings, 25 analysts recommend buying NFLX shares, while 2 suggest selling. The average price target for NFLX is $720 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NFLX
by FXOpen
1
RIVIAN 25 COMING.... 🎉 Why Rivian's Stock Price Could Hit $25 🎉 Innovation and Product Appeal: Rivian has been making waves with its innovative electric vehicles like the R1T and R1S. The anticipation around new models and features, like the Gear Guard live cam and Tri-zone climate control, keeps the brand's allure strong among tech-savvy consumers and environmental enthusiasts. The unique selling points of these vehicles could drive demand, positively impacting stock value. Strategic Partnerships and Market Positioning: The relationship with Amazon for electric delivery vehicles positions Rivian as a key player in not just the consumer EV market but also in commercial applications. This could lead to steady order flows and visibility, crucial for investor confidence. Production Scale and Cost Reduction: Rivian's focus on scaling production, especially with the introduction of its in-house Enduro drive unit, aims to reduce costs significantly. As production ramps up, achieving economies of scale could lead to better margins, making the stock more attractive. Investor Sentiment and Analyst Predictions: Despite variations, there's a notable optimism among analysts with a mix of hold and buy ratings, suggesting that many see potential for growth. The consensus price targets around $17.68 with highs up to $28 indicate that reaching $25 isn't far-fetched, especially if Rivian meets its production and innovation goals. Market Expansion and Brand Loyalty: Initiatives like The Good Project, where Rivian vehicles are used for community service, not only enhance brand image but also foster loyalty. Exclusive offers for existing customers to upgrade to newer models could retain and grow the customer base, indirectly supporting stock price through sustained demand. Technological Advancements: Rivian's development of proprietary technology, including its own chips and operating system, could insulate it from supply chain issues and offer competitive advantages. Innovation in software updates like dynamic headlamp leveling shows a commitment to continuous improvement, which could excite investors. Market Sentiment Towards EVs: The broader trend towards electric vehicles continues to gain momentum. As more regions implement policies favoring EVs, companies like Rivian, which are pure-play EV manufacturers, stand to benefit from this shift, potentially driving up stock prices. Financial Health and Investment: While Rivian has significant cash reserves, managing these effectively for growth without excessive dilution could reassure investors. The strategic use of funds for R&D and scaling could pave the way for profitability, a significant milestone for stock valuation.
NASDAQ:RIVNLong
by NYRUNSGLOBAL
How to Make Money in the Stock Market and Keep ItI have always said that making money in the stock market is easy. It is learning how not to lose money that is the hard part of trading. To that end, when you find yourself in the surprising and often disturbing position of having made a whole lot of profit, or more profit than you expected in a very short time, you may be feeling overwhelmed. This is when you need to remember some basics about the art of trading. The primary factor in making money and keeping it depends upon your ability to stop trading to get your emotions under control again. Stop trading for at least a few days to a week. This sounds ludicrous, but my experience with teaching traders for more than 20 years is that those who follow this rule keep their big gains while those who do not, lose them back to the market and then some. The reason behind this is emotion. You are in a state of emotional flux, not thinking logically. You are thinking, “I’m brilliant, I’m invincible, I am going to be rich!” Well, sure, but not at this moment. At this moment, you are overly exuberant, you are thinking you can do no wrong, so you are likely to miss the parts of your analysis that would keep you out of high-risk setups. So, take a few days to cool off. The Stock Market is not going anywhere. Great trades present themselves over and over again. While you are recovering from the shock of a large gain, these steps can help bring you back down to Earth : Review your notes from some of the courses you have taken. Reading back over rules and the reasons behind them for making sounding trading decisions helps a lot to keep you grounded. Review your trading plan and your goals. If you don't have this written out somewhere, do it now. Most people refuse to write down their goals because of “fear of failure.” They are so afraid that they are not capable of reaching those goals that they do not try. Try to write down realistic goals, and adjust them as you see the need. We have a calculator that we provide to our students for help with this. Once you do the task of setting goals, you will find that they are achieved much of the time. Consider if you need to increase your goals. Continually pushing yourself to reach higher and higher levels of efficiency and profit helps to both dispel the fear of failure and propel you forward with perhaps stricter rules to achieve those higher goals. Trading is 50% skill which, in short, includes understanding your Trading Style and using proper Strategies for the current Market Condition. The other 50% is controlling emotion, which includes setting goals, keeping calm and centered, using discipline in your trading rules, having the determination to keep working until you are successful, maintaining your personal parameters while expanding them, and using logic rather than emotion. These are the major components of making money and keeping it.
NASDAQ:AMZNEducation
by MarthaStokesCMT-TechniTrader
1
Mastercard May Rise to 519.00 - 526.00 (READ DESCRIPTION)Mastercard May Rise to 519.00 - 526.00 Pivot Point: 482 The pivot point at 482 is a crucial support level for Mastercard. As long as the stock price remains above this level, the outlook is bullish, indicating potential for upward movement. A drop below this level would signify a change in sentiment and a potential shift toward bearish pressure. Primary Strategy (Our Preference): Entry Point: Look for long positions as long as the price holds above the pivot point of 482. Target Levels: 519.00: This target indicates a significant potential gain, suggesting that bullish momentum is strong enough to push prices higher. Achieving this target would reflect positive market sentiment towards Mastercard. 526.00: The next target represents further upside potential, reinforcing the bullish outlook if the stock can sustain its momentum. Alternative Scenario: If the stock falls below the pivot point at 482, traders should consider short positions. Entry Point: Initiate short positions if the price breaks and remains below 482. Target Levels: 470.00: This level marks the first downside target, indicating potential bearish momentum if selling pressure increases. 464.00: The next target level suggests a further decline, highlighting risks if the stock continues to trend downward. Technical Outlook: RSI Indicator: The RSI is above its neutral level at 50, indicating that bullish momentum is in play, as buying pressure exceeds selling pressure. MACD Indicator: The MACD is positive but below its signal line, suggesting that while the current trend is bullish, there may be a potential retracement or consolidation in the short term. Moving Averages: Mastercard is trading above both its 20-day and 50-day moving averages (respectively at 493.93 and 477.84), further confirming the positive outlook and suggesting the stock is in a bullish trend. Market Dynamics: As long as Mastercard holds above the pivot point of 482, there is significant potential for upward movement toward the target levels of 519.00 and 526.00. If the price falls below the pivot, market sentiment could shift, leading to potential declines toward support levels of 470.00 and 464.00. The pivot point at 482 is critical for maintaining a bullish outlook for Mastercard. Holding above this level opens the possibility for price increases toward 519.00 and 526.00. Current technical indicators support the bullish sentiment, but traders should remain cautious for any signs of retracement, especially if the price breaches the pivot support.
NYSE:MA
by CharivapaAlgo
Motorola Solutions May Rise to 475.00-480.00 (READ DESCRIPTION)Motorola Solutions May Rise to 475.00 - 480.00 Pivot Point: 446 The pivot point at 446 serves as a significant support level. Maintaining above this level indicates a bullish outlook, suggesting potential for upward movement. A breach below this level could signal a change in market sentiment, leading to bearish pressure. Primary Strategy (Our Preference): Entry Point: Seek long positions as long as the price stays above the pivot point of 446. Target Levels: 475.00: This target represents a substantial upward movement, reflecting confidence in the stock's potential to capitalize on bullish momentum. 480.00: A further target that reinforces the positive outlook, suggesting a continuation of upward price movement. Alternative Scenario: If the stock drops below the pivot point at 446, traders should consider short positions. Entry Point: Initiate short positions if the price breaks and sustains below 446. Target Levels: 437.00: The first downside target, indicating a level where buying interest might emerge, but selling pressure could continue if bearish momentum strengthens. 432.00: The next target suggests further declines, reflecting a potential bearish trend if the stock continues downward. Technical Outlook: RSI Indicator: The RSI is above 70, indicating that the stock may be in a strong uptrend but also suggesting it could be overbought. This could lead to a potential correction if bearish divergence is observed. MACD Indicator: The MACD is positive and below its signal line, indicating that while the current trend remains bullish, there may be a short-term retracement or consolidation in price. Moving Averages: The stock is trading above both its 20-day and 50-day moving averages (respectively at 445.72 and 431.28), confirming the bullish trend and reinforcing the potential for upward movement. Market Dynamics: As long as Motorola Solutions holds above the pivot point of 446, the potential for price increases toward targets of 475.00 and 480.00 remains robust. However, if the price falls below the pivot, market sentiment could shift, leading to potential declines toward support levels of 437.00 and 432.00. The pivot point at 446 is critical for maintaining a bullish outlook for Motorola Solutions. Holding above this level opens possibilities for upward movement toward 475.00 and 480.00. Current technical indicators support a bullish sentiment, but traders should monitor for signs of potential retracement, especially if the price breaches the pivot support.
NYSE:MSI
by CharivapaAlgo
Super Micro Computer (SMCI): Time to buy in after a -70% drop!Since our first analysis a while ago, we've been inching closer and closer to our target area on $SMCI. Since then, we've seen a price drop of 40%, which is far from irrelevant, with the stock retracing nearly 70% from its peak. We're witnessing a clear and recurring pattern here—what we call the "staircase to hell." Each push to a level has been met with rejection, which is exactly why we see a buying opportunity forming. We are now making our first bid here as a market entry. This is intended to be a swing trade that we plan to carry into 2025, with a target of reaching previous highs again. Therefore, we're not worried about getting a "perfect" entry within 1-2% but instead setting a DCA bid a bit lower for an optimal position if NASDAQ:SMCI comes down further. Below the market entry, there's an important Fibonacci cluster that combines the 200% target of Wave C, the 78.6% retracement of Wave (2), and a target for Wave ((v)), all aligning well. With these multiple levels coinciding, there's a strong possibility we will see the price reach this zone. If so, we’ll place another bid to buy more shares. If NASDAQ:SMCI manages to flip the first resistance, we expect it to move up quickly. As we always say, patience is the key to successful swing trading—don’t let greed or fear cloud your decisions 🤝.
NASDAQ:SMCILong
by freeguy_by_wmc
10
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown: -First downtrend lasted 46 bars (69 days) -Second downtrend lasted 48 bars (73 days) Both downtrends are similar in length, with a slight increase between the first and second. If we follow this pattern of slight growth in downtrend duration, we can estimate based on historical patterns, it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
PSX:AVNLong
by ZaiwajTrader
NVIDIA Is Trying To Breakout Of A Triangle; Room For $150Hello Traders, and welcome to our new update! This time I will take a look at Nvidia. It’s in a very nice recovery and looking strong, especially after retesting the $90 area and filling the gap from August, which occurred after earnings were released in May. This retracement was quite similar to the pullback we saw back in April, when the market retraced to the gap from February’s, following Q4 2023 earnings release. Currently, Nvidia is coming out from an Elliott wave bullish triangle. This is significant because such triangles typically represent sideways price action between two contracting trendlines, where many traders tend to lose interest as the range drags on. However, as the price contracts, this is actually when we should expect a breakout, espeically when we see five subwaves labeled A-B-C-D-E within the triangle, it’s a strong signal that the breakout can be coming. The confirmation for the breakout comes when the wave (D) swing high is broken, which was around $127. But now,the price is even pushing above $131.40, wave (B) high. if it closes above that level, I believe there’s a good chance the market will rally to new highs, potentially reaching the $150 area. If you find these insights helpful, please like this idea or drop a comment below. Gregor
NASDAQ:NVDA
by ew-forecast
Mahindra and Mahindra next target buy rally?Mahindra and Mahindra takes a first target for harmonic pattern and take off entry on breaker block at CMP we can see a FVG also a extreme supply on that area if market breaks extreme supply around 3200 we can expect huge up side rally 3270,3440,also extreme target of 3700 lets be patient to close above supply and take a perfect entry 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
NSE:M_MLong
by TRADING_MASTER_DAVIS
AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg: Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back. The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities. Our Target is intact at $295.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
4
Footsie Hasn’t Topped Yet; Shows Bullish PatternWe talked about Footsie back in May 2024, where we mentioned and highlighted an ongoing 5th wave in the weekly chart with space up to 8800 – 9400 target area. Footsie a.k.a. FTSE100 or UK100 stock market index is still bullish with nice and clean inverted H&S pattern on a daily chart. After a higher degree A-B-C correction in wave (4), it can be getting ready for a bullish continuation within wave (5) by a new lower degree bullish setup formation. With sharp leg up into wave 1, we are actually tracking an a-b-c pullback in wave 2, where subwave »c« is coming out of subwave »b« triangle, so ideal support is at 8100 – 8000 area, from where we should be aware of a bullish resumption for wave 3 of a five-wave bullish cycle.
ICEEUR:Z1!Long
by ew-forecast
JD.com (JD): Massive 97% Rally—What's Next?We mentioned Chinese stocks a while ago, and finally, they're starting to pay off—big time. We bought shares of JD.com back in July, and after a small dip, the stock soared an impressive 97% in just 65 days. Shares of U.S.-listed Chinese companies are gaining momentum, fueled by continued stimulus efforts. September's PMI data beat expectations despite a decline in factory activity, which has further bolstered hopes for increased stimulus. Over the past week, JD.com's stock surged following the People’s Bank of China's aggressive monetary easing measures. The central bank reduced the reserve requirement ratio (RRR) by 50 basis points, bringing it down to 9.5%. This move will inject around 1 trillion yuan (approximately $140 billion) into the financial system. The increased liquidity gives banks more capital to lend, easing financial pressures on businesses like JD.com that rely heavily on consumer spending and economic confidence. JD.com, often considered a barometer for China’s domestic consumption, has benefited significantly from this shift in sentiment, with investors betting that further stimulus measures could lead to increased consumer spending on e-commerce platforms. From a technical perspective, there's not much left to say—we took some profits on JD.com, as this parabolic rise could either continue or see a pullback before another leg higher. All indications point towards further gains for JD.com, as it has smashed through all resistance and trend channels with remarkable strength. Our stop loss is set at break even, and we’re letting this trade continue to run.
NASDAQ:JDLong
by freeguy_by_wmc
3
SMCI: Are we back in business??Super Micro Computer just broke over the LH 1 trendline holding since July 15th and is about to turn bullish again on the 1D technical outlook (RSI = 54.296, MACD = -2.380, ADX = 24.033). Coming off a double bottom (DB), the only resistance left before the bullish trend is resumed, is the 1D MA50 (untested since July 17th). The 1D RSI already made its breakout over its own R level. When the 1D MA50 breaks, target the LH2 trendline (TP = 78.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:SMCILong
by InvestingScope
1