The Unlikely But Possible Has Occurred!Yeah, it's bad. But is it really as bad as everyone thinks it will get? I don't think so. I'm going to explain why I think this is just a brief discount window before a bigger pump through the year-end.
Stocks!
Trend is your Friend. #NKE is a prime example...fade the bullish moves
look for continuation down
that is going to be the money maker
shorting into resistance
not longing on reversals
NDX Mega Rally Will Continue..Don't let the "fundamentals" mess with your head.. NDX has another 36% climb ahead of it, before it's next serious correction...
I called the bottom of this correction quite accurately (In fact, I called it but 4 days in advance to my predicted date it bottomed...
This is a text book bull flag with a measured move to the 161.8
Perfect technical structure..
Time to be long is now..
QE is coming back, rates are going to ease off, money will flow out of bonds and T-bills and back in risk assets, elections are coming up soon, war is raging and is sadly a cash machine for defence stocks, CPI lags and the market is going to pump in expectation of further inflationary pressures down the road..
AI is booming and is inherently deflationary..
The most upside I believe will be in any crypto related stock plays, as it's tech category + highest asymmetry..
Seadrill (SDRL) AnalysisCompany Overview:
Seadrill provides offshore contract drilling services for the oil and natural gas industry. The company achieved a record day rate of $545,000 for a one-well contract in Q1 2024, the highest in the current cycle, significantly boosting its Q2 earnings outlook.
Key Highlights:
CEO Simon Johnson: Emphasized a strong start to the year with safe, efficient operations, high day rates, and capital returns to shareholders.
Competitive Fleet: Seadrill's fleet and strong balance sheet are expected to sustain durable earnings and capital returns as the cycle progresses.
Order Backlog: Approximately $2.8 billion, including $108 million in new contracts since February.
New Contracts: $32 million contract in South Korea for the drillship West Capella and an $86 million six-month extension in the U.S. Gulf of Mexico for the drillship West Neptune.
Investment Outlook:
Bullish Outlook: We are bullish on NYSE:SDRL above the $47.00-$48.00 range.
Upside Potential: With an upside target set at $78.00-$80.00, investors should consider Seadrill's strong performance, high day rates, and substantial order backlog as key drivers for potential stock appreciation.
📈🌊 Monitor Seadrill for promising investment opportunities! #SDRL #OffshoreDrilling 🛢️🚀
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-$65.00, investors should consider Vericel's strong product performance and promising pipeline as key drivers for potential stock appreciation.
📈🔍 Monitor Vericel for promising investment opportunities! #VCEL #Biopharmaceuticals 💉🏥
TESLA Support Ahead! Buy!
Hello,Traders!
TESLA is going down
Now but the stock will
Soon retest a horizontal
Support of 200.00$
From where we will
Be expecting a local
Bullish rebound
Buy!
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Check out other forecasts below too!
Jammu & Kashmir Bank looking NorthwardsJammu & Kashmir Bank Ltd. CMP 117 engages in the provision of banking and financial services. The firm's products and services include personal loans, personal accounts, term bank deposits, mutual fund, life insurances, business loans, business accounts, and business insurance. It operates through the following segments: Treasury Operations, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business.
The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. Stocks Underperforming their Industry Price Change in the Quarter, Declining Net Cash Flow and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 124. Targets in the stock will be 131 and 138. The long-term target in the stock will be 144 and 152. Stop loss in the stock should be maintained at Closing below 102.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Delhivery can deliver post a good resultDelhivery Ltd. CMP is 416.10. engages in the provision of logistics solutions to eCommerce partners. It involves in building the operating system for commerce, through a combination of infrastructure, logistics operations, and cutting-edge engineering and technology capabilities. It offers express parcel, partial-truckload, freight, truckload freight, cross-border, and supply chain services.
The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Annual Net Profits improving for last 2 years and with increasing Profit Margin (QonQ). The Negative aspects of the company are negative Valuation (P.E. =-292), and Declining Net Cash Flow.
Entry can be taken after closing above 422. Targets in the stock will be 434 and 457. The long-term target in the stock will be 476 and 487. Stop loss in the stock should be maintained at Closing below 396 or 368 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Ubisoft Entertainment SA / UBIUbisoft Entertainment aka ubi "bug" is a french video game publisher headquartered in Saint-Mandé with development studios across the world. Its video game franchises include Assassin's Creed, Far Cry, For Honor, Just Dance, Prince of Persia, Rabbids, Rayman, Tom Clancy's, and Watch Dogs. Ubisoft was one early investors in web3 technologies and projects too
last year was a terrible year for ubi because not only they didn't succeed with their franchise like farcry 6 but also they entered the bear market while they were working on their bigger projects like AC. “We are clearly disappointed by our recent performance,” said Ubisoft Chief Executive Yves Guillemot. “We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending.”
2023 is a big year for ubi and they are going to publish some of their best games like Assassin's Creed Mirage, Tom Clancy’s The Division Heartland and skull and bones
ubi stock now in Accumulation phase and its next targets are 21, 23 and 25
2 Year yields are weakeningWhich often signals a incoming recession.
The market leads the #FED who always raise and lower rates too late.
We have #Unemployment starting to tick up
Tight financial conditions, delinquencies on the rise.
So make hay over the next few months in memestocks, coins, bitcoin, alts, NVDA and so on.
But don't be left holding the hot potato when the music stops playings.
#Macro
#Meltup
#NVDA
#Nasdaq
#Stocks
#Bitcoin
#Altcoins
#Ethereum
#Pulsechain
Nvidia Is waaay too hotEven though it is possible for price to go beyond the 3rd STD, It usually doesn't remain there for long before it has to cycle back to test lower levels. However, hype stocks can lead people to keep buying in fear of missing out. We all know that is a rookie mistake. That's why, even though NVIDIA is an awesome company, I would instead prefer to buy at a discount.
No one knows what price will do tomorrow. But it's best to have the odds on our side. And when a situation seems risky, even though it's promising, it's usually the best just to step back. Even if you have to let go a great opportunity where price rises, you will still be better off. Because a strategy consisting of chasing the trend will inevitably end poorly. The correct approach is trying to find opportunities where the price isn't too hot, and you believe in the future of the company.
One must look for ways to determine if a new trend is forming. Not trying to catch the current one. If the price is already in a clear trend, it's best not to jump in right away, but look for a cool off before taking a position. Also, when considering individual stock's it's important to study the related indices as they will give more context to where the stock is in contrast to its pears with similar situations.
By looking at the CME_MINI:ES1! and CME_MINI:ES1! It's noticeable that these indices are also overheating. Just to be clear, I don't believe we are at the peak yet, but we will soon be there. Just be patient, don't tell price what to do, let it hit you about its next move and prepare for all scenarios.
AT&T strong bullish expectations here
AT&T zone breaked, in last periods bearish market, now what we can expect is change in this market,- strong indications for bullish continuation.
TP1: 25
TP2: 28
SWING IDEA - BIRLASOFTBirlasoft , a leading global IT services company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
720 Resistance Zone Breakout : The 720 level has been a significant resistance zone, and the price has recently broken out above this level decisively, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case.
Price Action Above 50 EMA : The stock is trading above the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 790 // 855
Stoploss - Daily close below 670
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors.
Reasons are listed below :
Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its resilience and attracting buying interest at these levels.
Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern observed on the weekly timeframe signals a potential reversal of the downtrend and indicates bullish sentiment among investors.
Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candlestick pattern on the daily timeframe, engulfing ten previous daily candles, reinforces the bullish outlook and suggests a shift in momentum in favor of Caplin Point Laboratories.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case and provides a solid foundation for potential upward movement.
Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and indicating potential for further upward movement.
Trading Above 50 and 200 EMA on Weekly Timeframe : Caplin Point Laboratories is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, further confirming its bullish momentum.
Target - 1410 // 1540 // 1620
Stoploss - weekly close below 1207
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - ROSSARI BIOTECHConsider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries.
Reasons are listed below :
Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying interest and stability at these levels.
Doji Candle Formation : A doji candlestick pattern has formed, confirming the bullish momentum indicated by the preceding marubozu candle. This suggests that the price is holding onto higher levels and may continue to move upward.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Initiation of Double Bottom Pattern : The beginning of the formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment.
Increase in Volumes : An increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Rossari Biotech.
Target - 809 // 890
StopLoss - weekly close below 655
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
DXY starting the next leg downSo it appears.
Will smash through the key level of 100 and onto the 94 area..
The dollar moves have massive ramifications for every financial asset , commodity & currency.
lets see what it gives us.
S&P 500 Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook:
The S&P 500 Index (Spooz) displayed notable volatility during the current week's trading session, departing from recent trends. As an analysis of the Weekly Chart for July 26 reveals the index reached the projected Mean Support level of 5402 before surging to the designated target, Mean Res 5567. Upon achieving this target, the Spooz dropped to our selected Inner Index Dip 5345 target like a bad habit. The prevailing price action suggests a sustained uptrend toward the Mean Res 5449 and a possible extension to the Mean Res 5525 in the upcoming week's trading sessions. It is worth noting that these attained targets are likely to exert downward pressure.
TESLA LOCAL LONG|
✅TESLA has been falling recently
And the stock seems locally oversold
So as the price is approaching a horizontal support of 200.00$
Price growth is to be expected
LONG🚀
✅Like and subscribe to never miss a new idea!✅
C3.AI This Golden Cross is preparing something big.It's been almost 3 months since we last looked into C3.ai (AI) where (May 10, see chart below) we called for a but that easily hit its 29.00 Target:
The price rose even higher but now finds itself considerably lower (as with the rest of the market) within the long-term Channel Down. Last month though, the stock formed its first 1D Golden Cross since February 23 2023, which may be an early indication of a bullish break-out.
That early 2023 (Jan - Apr) fractal shows that after the post-1D Golden Cross peak, the correction that was completed on the 0.5 Fibonacci retracement level gave way to a strong rebound towards the 1.5 Fib extension. As a result, our medium-term Target on this is $42.00.
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VIX $2.9 Trillion wiped on recession fears. Is the worst over?The much lower than expected Nonfarm Payrolls today (114k against a 176k forecast) amplified the global recession concerns and wiped out $2.9 trillion from the stock markets, making it the worst day since the 2020 COVID crash.
With Nasdaq down almost -12% from its recent peak, investors are more or less convinced of the necessity of a September Fed Rate cut in order to restore confidence in the market. But is the worst over yet?
Well, lets take a look at the Volatility Index (VIX), which last time we analyzed it (April 16, see chart below), helped us take the most optimal buy entry on the stock market as it got rejected right at the top of its 10-month Channel Down:
Today VIX was up almost +90% from its daily Low, displaying enormous market volatility. It is useful in times like these to look at the multi-year price action in order to keep an objective technical perspective.
As this 1W chart shows, a VIX price this high is a rare feat since the 2008 Housing Crisis. In fact the break-out above the Channel Down resembles the Highs of December 24 2018 and October 13 2014 (blue circles). Those that been the lowest levels of alerts on the VIX scale, with the medium ones being the orange circles and the worst ones being the red (only happened twice: October 20 2008 and the COVID crash of March 16 2020).
At the same time, the 1W RSI just broke above the 70.00 Overbought barrier, which has only happened another 6 times since the 2008 Housing Crisis. It is easy to understand as a result, that this VIX spike has more chances to be corrected in the coming weeks than ending up in a larger stock market correction.
On our current chart, the stock market is represented by the S&P500 (black trend-line). As you can see, a strong recovery (green Channel Up) followed after the blue VIX peaks. In the event however that this turns out to be an orange VIX peak next week, the S&P500 is expected to start recovering within 4-6 weeks.
Which case do you think it will be?
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SPX 666The S&P has proven itself a safe haven over the years and will likely continue doing so. There are a ton of reasons why the markets should collapse, nonetheless here we are rallying into the sunset. Taking a step back on the logarithmic scale we can see the pattern clearly. We are in the midst of a 3rd wave up with plenty of room to run... but where to?
Near term and long term targets below.
Using the Fibonacci extension tool we can overlay a road map to the next destinations. No surprise there is a near perfect match.
The Near Term Top
The 2.618 level above at 4,500 is an area to pay attention to and is the current near term target. My strategy continues to be 'buy the dip' all the way up to these macro levels using the 1 hour chart with an RSI set to 10. However, 4,500 on the S&P does not look like the end of this cycle.
The Long Term Top
My long term call for the top is around 6,660. Not only is it sandwiched in between the last fib extensions. It is a historically significant pivot point.
No, I'm not a conspiracy guy but I do think it's hilariously entertaining that the major pivot points all happen near 666 levels. Looks to me as if the market is flying towards 6,660 like a bat out of hell.
Trading is risky. Don't do it.
Live trades with entries and exits will be updated on the post linked below titled "S&P 5,000,000"
Long:
MES futures
+ a basket of other equities
Triple bottom signals reversal on Intel?Is this a breakout for intel after forming a 6 month triple bottom?
MRK MarkThere was a time when Nen Ideas were 110% purely experimental. Back to the old school drawing board thinking about the potential futures for this stock and ignoring the fact that the future might not be predictable in a rational Universe of Unknown Variables and Undetermined events.
I look at the current price formation and ask 3 questions.
1. Is this a corrective construct that will lead to the popping of the price on the up?
2. Will we still be in a correction formation in the coming trading days, that can see the unfolding of a bearish wave before things settle into a more clear picture?
3. Do this prediction attempts are even relevant? Considering any time some big unforseen news can just shake the markets out of any detectable pattern?
I have designed some elements in this project as milestones or anchor points not reference points to see how random they are, or if the stock price evolution might be random or if the words that I type are actually almost random, considering there is no difference between the way that I write or the way that I draw something on TW.
Last 2 waves are the ones I am more interested in. A potential bull run after Earnings, maybe if it reaches the bottom plank, or a possible correction started from the marked price level above...
I have no clue if Merck will pop one way or another out of the current formation which looks highly intriguing, but something might be boiling in preparation for some resolution of the current picture (the squeezed price between the trend line and the top resistance arc zone.
This is experimental.
