Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction:
Click chart above to see the detailed analysis👆🏻
Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Stocks!
Update on Tesla This is my update on Tesla stock.
A huge gap that was created today and looking to not go inside the gap.
Not seeing anything to show why this will continue going up without going back to the first GAP mentioned in the last post. Which was in October.
The GAP is showing a whopping 4% rise.
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Alibaba - Trump Won't Beat This Stock!Alibaba ( NYSE:BABA ) is bullish despite Trump's presidency:
Click chart above to see the detailed analysis👆🏻
Two months ago, Alibaba pumped 30% within a couple of days, perfectly following the resistance trendline breakout. So far we saw a rejection of the upper resistance level and it is quite likely that Alibaba will retest the breakout area. However, the underlying price action is still bullish.
Levels to watch: $80, $115
Keep your long term vision,
Philip (BasicTrading)
C3.AI: Waiting for this huge buy breakout signal.C3.ai is on a neutral technical outlook both on the 1D and 1W timeframes (RSI = 51.525, MACD = -0.010, ADX = 22.326) as it is trading around the 1W MA50 for 5 straight weeks. This sideways price action is approaching the top of the June 2023 Channel Down, which on the greater scale technically looks like a giant Bull Flag. For the first time in its history, the 1W MA200 is at 33.00 and falling. A test of the top of the Channel Down may coincide with a 1W MA200. This is the level that separates the long term bearish from bullish trends. If it breaks we will go long and target the R1 level (TP = 49.00).
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AMD: Final shot to rise in this Channel. $290 if successful.Advanced Micro Devices are bearish on the 1D timeframe (RSI = 38.717, MACD = -4.560, ADX = 33.691) but just under neutrality on the 1W technical outlook (RSI = 43.494, MACD = -3.840, ADX = 18.724). This indicates that this is the final support long term to reverse the medium term bearish sentiment and this is quite evident on this chart where the price is at the bottom of the 2 year Channel Up.
Roughly every November inside this Channel (2022, 2023 and 2024), it is on a corrective wave (or has been the month before), so the symmetric structure on this pattern is very strong. Another reason to see a massive bullish wave next. The previous two peaked approximately 160 days after that low, completing a +141.24% rally from the HL. Consequently, we are aiming for a similar rally (TP = 290.00) by late April 2025.
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SPY Long From Support! Buy!
Hello,Traders!
SPY is trading in a strong
Uptrend an the index is
Already making a bullish
Rebound from the local
Horizontal support below
At 584$ which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
BROADCOM Best buy opportunity since September for $223.Broadcom Inc. (AVGO) hit its 1D MA100 (green trend-line) on Friday for the first time in more than 2 months (since September 11). This is the best buy opportunity since then as the dominant pattern remains the Bullish Megaphone.
On top of that, it appears that we are currently within a Bull Flag, similar to the one that was completed when the 1D MA100 was hit and held last time on April 19 2024. The 1D RSI sequences between the two fractals are also very similar. That Flag initiated a price rebound above the 2.5 Fibonacci extension.
As a result, we turn bullish on AVGO again, targeting $223.00.
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HDFC Bank Solid as it has been. HDFC Bank Ltd. engages in the provision of banking and financial services including commercial banking and treasury operations. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Business.
HDFC Bank Ltd. CMP is 1705.1. The positive aspects of the company are Attractive Valuation (P.E. = 18.8), Company with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Companies with High Debt, MFs decreased their shareholding last quarter, Declining Net Cash Flow.
Entry can be taken after closing above 1717 Targets in the stock will be 1738, 1757 and 1773. The long-term target in the stock will be 1795 and 1818. Stop loss in the stock should be maintained at Closing below 1627 or 1614 depending upon your risk taking ability.
Disclaimer: 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.
Tesla at a Critical Pivot – What’s the Next Move?Hey trading family, Tesla’s chart is heating up, and we’ve got some key levels to keep on our radar. Here’s how it’s shaping up:
Break below $338: A drop to $334 is likely, with potential to bounce back up from there.
Deeper drop: If we go lower, watch for a move toward $326, followed by a possible push upward.
Break above $348: If Tesla clears this high, we could target $361 and potentially even higher levels.
Tesla’s setup has a lot of potential both ways. What’s your plan if we dip or if we rip higher?
👉 Like, comment, and share your insights below! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
Yet Another Shot at ATHWith the gap filled, and prior highs showing support, and demand for chips not decreasing even the slightest, I think we got a clear show at ATH from here.
I've taken a started position on this 50d ema test that coincides with prior highs. See the 2 day timeframe on the left, that pullback from ATH was nothing. Compared to the hourly on the right it sure seems like they were big moves.
Always have to zoom out. I'll add more to my long position so long as we establish support on the way up.
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
DXY Most Important Zone To WatchHey Traders, above is an overview on DXY and the most important zone to watch. DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.250 support and resistance area.
It's very important to watch DXY at the beginning of every trading week if not everyday. That will help you to trade USD pairs more professionally and spot some correlations as well.
Trade safe, Joe.
ayPal (PYPL): New Features and Market ImpactPayPal ( NASDAQ:PYPL ) is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth.
Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors.
From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
SMCI AnalysisAt this stage, fundamentals take precedence when analyzing SMCI. While the chart reveals a clear Fibonacci retracement at the current price level (~$28), this also aligns with a strong resistance zone. Historically, such levels represent pivotal decision points for the market, and breaking through this level will require substantial momentum backed by positive fundamental developments about the company.
Recently, we saw a price spike after SMCI announced the appointment of a new auditor (BDO USA) and confirmed that it had filed the necessary compliance reports to meet Nasdaq requirements. This was a major step for the company, signaling its commitment to rebuilding trust and stability. From this point onward, good news is the only way forward if SMCI aims to achieve a strong stock price recovery.
The current price action reflects the significance of this area, with the stock potentially finding a base here. If upcoming news or developments favor the company, this resistance could be breached with strong bullish momentum. A breakthrough could trigger a rapid upward move, presenting a substantial opportunity to reach the $45 level—a key target that aligns with the next Fibonacci zone and historical price action.
In conclusion, while technicals suggest this is a critical point, the fundamentals will ultimately dictate the direction. Investors should stay alert for further updates, as the upside potential towards $45 is significant if the company continues to deliver positive news.