Trump Media could be this years GamestopI am not kidding!
Political motivated investing could moon this thing
forget P/e's cashflow
This is memecoin style investing on the stock market
Its happened before it could happen again
particularly as we get into the election in November and inauguration in January
#MAGA
Stocks!
NIKKEI RISKY LONG|
✅NIKKEI is the main japanese
Stock Index and is has been
Following the Yen in the opposite
Direction. The weaker the Yen
The stronger the Index, so now
Following a sharp correction on
The Yen we are seeing a correction
On Nikkei as well, but we are
Bullish biased mid-terma and
As the index is about to retest
The significant horizontal support
Level of 41,000 we will be
Expecting a local bullish rebound
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Is Poor the New Standard?Based on form and fib, SPX looks to be setting up for the biggest, most bearish move that we've ever seen. According to the guidelines of Elliott Wave Theory, the white horizontal lines are all levels of potential and commonly seen support. However, if the upper white line cannot prove to be supportive, hold on to your britches, your blouse, or whatever you can find.
Apple is BullishApple is bullish and in an uptrend channel on the daily timeframe.
With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
Globus Sprits in high sprits. Globus Spirits Ltd. operates as a holding company, which engages in the manufacture and sale of Indian made Indian liquor, bulk alcohol and franchise bottling.
Globus Spirits Ltd CMP is 847.45. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=45), Declining Net Cash Flow : Companies not able to generate net cash and Annual net profit declining for last 2 years.
Entry can be taken after closing above 876. Targets in the stock will be 936 and 991. The long-term target in the stock will be 1093 and 1196. Stop loss in the stock should be maintained at Closing below 777.
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.
GMM Pfaudler on the verge of a BO after forming double bottom. GMM Pfaudler Ltd. engages in the design, manufacture, and market of chemical processing equipment, which are used in the pharmaceutical, specialty chemicals, agro chemicals, and chemical processing industries. It operates through the following business segments: Glass Lined Equipment; Heavy Engineering; Mixing Systems; Engineered Systems & Acid Recovery; and Filtration and Drying. The firm also offers flouro-polymer products and other equipment such as agitated filter driers, and wiped film evaporators.
GMM Pfaudler Ltd. CMP is 1457.10. The positive aspects of the company are Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, rising net cash flow and cash from operating activity and MFs increased their shareholding last quarter. The Negative aspects of the company are decline in Revenue and profits.
Entry in can be taken after closing above 1467. Targets in the stock will be 1526 and 1571. The long-term target in the stock will be 1653 and 1718. Stop loss in the stock should be maintained at Closing below 1233 or 1143 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.
S&P 500 Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook:
The Spooz has again demonstrated resilience in this week's trading session, advancing to the next Outer Index Rally 6515 and completing the newly created Inner Index Rally 5642. The current price action suggests a primary squeeze to Mean Sup 5577 and a secondary squeeze to Mean Sup 5535. The additional supplemental squeeze target 5449 cannot be discounted.
TESLA Massive pump to $360 coming based on historical behaviour.Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight.
First and foremost, Tesla's recent pattern has been an Inverse Head and Shoulders (IH&S), which as we've noted on a previous analysis, was its bottom reversal formation that made the price break above the 3-year Lower Highs Resistance trend-line.
Similar IH&S patterns were formed in 2019/20, 2016/17 and 2012/13. So we can claim that there might be a roughly 4-year Cyclical Behavioural Pattern behind Tesla's growth. The word 'growth' is key here as after every such pattern and more importantly a correction of around -15% after breaking above the IH&S, the stock price rallied parabolically into new expansion levels.
As you can see on the 2019/20 pattern the correction was around -10%, on the 2016/17 around -15% and on the 2012/13 around -15% as well. Yesterday's -14% correction along with today's sharp recovery to the 0.5 Fib (losses cut by 50%), seems to fulfil this growth pattern.
As far as a Target is concerned, on all previous cases, the price reached (and even surpasses significantly) at least the 1.5 Fibonacci extension measuring from the pattern's bottom (Head of the IH&S). In 2019/20 it took the price around 1.5 month to approach the 1.5 Fib while in 2012/13 it took roughly 2 months.
As a result, our new medium-term Target on Tesla is $360.00 (marginally below the 1.5 Fib).
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Wheaton precious Metals can push on to $90It could be a HOT summer for the gold and silver bugs
And the speculators in the mining sector!
WPM ( formerly Silver Wheaton #SLW)
Has a broken out of a inverse head and shoulders
Two targets provided
Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.
Bitcoin Is Trading At The Support As Stocks PullsbackHey traders
I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait on much better timing for potential long entires, which can be maybe after summer, or during elections when normal markets tend to be in bull run. Additionally, any rate cut later this year can be alos supportive for stocks and other assets.
When I look at bitcoin, I think that 50k is very good potential support; if it gets there.
Have a nice weekend.
Grega
ELLIOTT WAVES CHEAT SHEET 🏄♂️ 10 RulesHello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk.
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
#HAWKISH #FED to remain until #US has positive real rates...Throughout US economic history
Only high real rates has brought down inflation
i.e Interest rates ABOVE the rate of inflation
obviously this will induce demand destruction and a decline in the earnings of companies
Lower p/e's and lower prices across the board.
#FinancialRESET
#HOUSING
#Nasdaq
Mirum Pharmaceuticals (MIRM) AnalysisAdvancements in Rare Disease Therapies:
Mirum Pharmaceuticals NASDAQ:MIRM is advancing in the biopharma sector with a focus on therapies for rare diseases. Recently, Mirum submitted a New Drug Application (NDA) for chenodiol tablets to treat cerebrotendinous xanthomatosis (CTX), following positive phase 3 RESTORE trial results. FDA approval could be a breakthrough for early diagnosis and treatment of this rare disease.
Positive Market Response:
CEO Chris Peetz highlighted the potential impact of chenodiol in alleviating CTX symptoms. Wall Street has responded positively, with Citi raising their price target for Mirum to $64 from $38 and maintaining a Buy rating, reflecting confidence in Mirum's pipeline and recent updates on volixibat and FDA-approved Livmarli.
Investment Outlook:
Bullish Outlook: We are bullish on MIRM above the $29.00-$30.00 range.
Upside Potential: With an upside target set at $48.00-$49.00, investors should consider Mirum's promising pipeline and recent regulatory advancements as key drivers for potential stock appreciation.
📊💊 Monitor Mirum Pharmaceuticals for promising investment opportunities! #MIRM #BiopharmaGrowth 📈🔍
Intercontinental Exchange (ICE) AnalysisStrategic Moves and Regulatory Tailwinds:
Intercontinental Exchange NYSE:ICE is set to benefit from recent SEC regulatory proposals that could shift more trading volume back to public exchanges, enhancing ICE's competitive position. Additionally, ICE's $13 billion acquisition of Black Knight Financial will bolster its presence in the mortgage technology sector, providing comprehensive exposure to the mortgage origination value chain.
Investment Outlook:
Bullish Outlook: We are bullish on ICE above the $124.00-$125.00 range.
Upside Potential: With an upside target set at $195.00-$200.00, investors should consider ICE's strategic acquisitions and favorable regulatory environment as key drivers for potential stock appreciation.
📊🏦 Monitor Intercontinental Exchange for promising investment opportunities! #ICE #MarketGrowth 📈🔍
TESLA Buy the dip, correction nearly over. $285 next short-term.Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s:
Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla. The stock has seen a similar rejection near the 2.0 Fibonacci extension during its May - July 2023 rally on the June 21 2023 High.
As you can see, the price declined by -13.00% back to the 1.382 Fibonacci level. At the time of the (temporary High), the 1D RSI was at 89.00, roughly where it got rejected today. The price recovered when the RSI was at 57.00.
As a result, from a R/R perspective, it is worth taking another buy on the current market price and target the 2.236 Fib extension (similar to the JUly 19 2023 High) at $285.00.
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Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SPY Has Finally Now Neared Its Final Target Of 570!Traders,
It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true.
I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near an expert in this area, I went with it, following the technical guidance of those who were.
It was not too long thereafter I spotted something on the charts that I was very familiar with. This pattern supported and confirmed the idea that stocks would blow-off. What I spotted was a longer-term (2 year) inverse head and shoulders pattern. This inverse h&s played out and gave me my target of 570.
2 years later, we are finally almost there.
Targets are not meant to be absolutely precise. Close enough is both good enough in hand grenades, horseshoes, and in calling market tops/bottoms. Therefore, not wanting to press my luck, I have decided to finally start taking some profit and moving to cash. Though, my target definitely could be exceeded, it is also possible that it may not be reached. I don't think the latter will be the case but I have been wrong before and could be wrong again. If I had to guess rn, I'd say this blow-off top could extend to a time frame just before election shenanigans begin. We are already seeing some of the nonsense here in the U.S. and thus, I know time is running thin. Before all hell breaks loose, SPY could touch 650.
And then? Anyone's guess.
Best,
Stew
GOOGLE Top of the Channel makes pull-back likely. Buy the dip.Alphabet Inc. (GOOG) has been trading within a Channel Up since the November 03 2022 market bottom and on our last analysis (April 16, see chart below), it gave us an excellent buy entry, hitting eventually our 175.00 Target:
Right now the price is more than half-way on the new Bullish Leg but has come very close to the Channel's top (Higher Highs trend-line). Based on the June 07 2023 Top and the previous major Bullish Leg, we might get a pull-back towards the 1D MA50 (blue trend-line), before going for the final Higher High.
As as result, we are now willing to buy only after a 1D MA50 contact and Target $210.00, which will represent a +37.60% rise from the recent Higher Low, similar to the Bullish Leg of 2023.
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SCILooks Good on charts.
Above all Key EMA.
Short term Target 290.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.