JBM Auto , a leading manufacturer of auto components and systems, is showing promising technical indicators for a potential swing trade. Reasons are listed below : Strong Support at 1700 : The 1700 level has proven to be a robust support zone, indicating strong buying interest and a solid base for potential upward movement. 'W' Pattern Formation : The stock...
A potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India. Reasons are listed below : Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels. Bullish Engulfing Candle : A bullish engulfing candlestick...
Affle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an...
Ashok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an...
A web of potential zones of influence and 3 curves that might act as support and/or resistance. Looking for consolidations at the elements, breaks, and perhaps one important inflection point at one of them. The main scenario follows the path of the rectangles, but hopefully they are designed well enough so that if the path of the stock price deviates into...
Simple setup for the future of IBM a little bit bullish biased with the potential destination of the last blue rectangle, but first some signs of another inflection maybe after a descent must occur, preferably at any of the elements in the snapshot which could become support or resistance regardless of the path the market takes. Probably needs good earnings report...
This WULF has TEETH No its not a clean cup and handle But I have a feeling this company is going to aggressively go after any BEARS --- Theres a large short interest in this company. They better watch out.
Hello Traders ! On the daily time frame, The DOW JONES reached a strong support level (39765.00 - 40094.00) and failed to break it ! The last lower high is broken (Change of Character). So, I expect a bullish move 🚀 ______________ TARGET: 41250.00🎯
The Advanced Micro Devices (AMD) have most likely bottomed on this week's 1W candle as after breaking last week below the 1W MA50 (blue trend-line), their earnings report last night came out better than expected and the opening is expected considerably higher. Technically, the stock has almost touched the bottom (Higher Lows trend-line) of the 2-year Channel Up...
Technical Analysis and Outlook: The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean...
Out of curiosity I took a look M2 to see the trends over the years and how it compares to COVID and the last few years. I don't have any great revelations to share about what to do, but I thought the chart was interesting. I also did some research and used ChatGPT to help me create a summary about M2. Please note that I cannot guarantee the following text is...
Detailed explanations are given in the chart. Comment if you have any questions. Thanks for reading and good trading!
Hi, It's a bit hard to get in technically if the stocks are constantly making new higher highs without any certain pullbacks and NVIDIA was one of them. Now we have seen some red weeks and we have an opportunity where some criteria are matching with each other around $100. If you are still interested then it might be your chance. Good luck, Vaido
These types of rotations and range trades offer investors fantastic opportunities if these relationships continue. We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be. 2009 - 2017 was the golden #crypto era when gains were the easiest to acquire. However the low hanging fruit has been...
41k is a massive resistance price target meaning, it is likely to hit allowing exits at profit. If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets. If it were to do that sooner rather than later, it allows for a more natural growth in the...
IF I am seeing what I think may be occurring. This would represent a 10X from the lows of 2022 do you think that is possible It's marketcap would be over 3 trillion dollars not unreasonable if he pulls off a mission to Mars. We need to keep an eye on TSLA and possible future SpaceX IPO's
US SPX 500 – technical overview Longer-term technical studies are in the process of unwinding from overbought levels. There is now room for a pullback towards previous resistance turned support in the form of the previous record high from April around 5,290 before the market considers a run to another record high. R2 5679 – 16 July/Record high – Strong R1...
"Xylem's Strategic Acquisition of Evoqua Boosts Revenue by 40% - A Deep Dive into Water Technology Innovation" Xylem's acquisition of Evoqua Water Technologies for $7.5 billion, an all-stock deal, seems to be a strategic move. This acquisition was valued at $52.89 per Evoqua share, a 29% premium based on the companies' closing prices before the deal. Evoqua...