Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by...
NYSE:BABA dropped roughly -75% after it broke the long term trendline towards the downside back in 2021 before it found some strong support at a previous horizontal support level. Click chart above to see detailed analysis 👆🏻 Bulls are still not giving up on Alibaba and after the strong retest and reversal of the all time low back in 2022, Alibaba managed to...
QNT coin look good to go up entry 71.28 SL 69.30 TP 1:1
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NYSE:DOCN DigitalOcean remains the only pure cloud computing company for small-to-medium-sized businesses (SMBs), offering a robust solution similar to AWS, but with a specific focus on cost-effectiveness and ease of use for smaller enterprises. The introduction of GPU droplets further strengthens its position in the market, catering to the growing need for AI...
NYSE:JMIA Jumia, often referred to as the "Amazon of Africa," presents a unique opportunity for long-term investors to tap into the rapidly expanding e-commerce landscape in Africa. Our analyst, Shay Boloor, was one of the first analysts to recognize its potential, and while the company has faced challenges, the long-term thesis remains intact. We have been...
ASX 200 SPI futures and bullish moves above 8000 haven’t mixed well in 2024, resulting in a raft of failed breaks, long topside wicks and topping patterns. It’s akin to a “death zone” for bulls, starving rallies of oxygen before eventually reversing. I’m not outright bearish just because we’re back above the level, especially when momentum indicators are...
Whenever news commentators feel the need to interview a CEO, and hail the CEO as some kind of benevolent "hero of the people", that is a pretty good indicator that something is awry. The same applies for rampant social media hype. At the end of the day, the chart & the macro backdrop tell the real story. NASDAQ:NVDA will collapse from here. Don't bother...
Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and...
Apple is neutral on its 1D technical outlook (RSI = 45.352, MACD = -0.130, ADX = 33.865) as it is consolidating around the 1D MA50. The trend is a bearish one, correcting under LH and until they break, it will remain bearish. Much like the Channel Down corrections of 2023 and 2024, failure to cross above the top of the bearish pattern, should extend the selling to...
SRF Ltd. engages in the manufacturing of chemical-based industrial intermediates. It operates through the following segments: Technical Textiles Business, Chemicals Business, Packaging Film Business etc. The Chemicals Business segment comprises of refrigerant gases, industrial chemicals, specialty chemicals, fluoro chemicals & allied products and its research and...
Today, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate. The count is pretty straightforward, and we think we’re now in the intra wave...
NVIDIA corporation (NVDA) is on a 3-month pull-back, the first it had on a 1M basis since September - October 2023. The latter was simply a mid-Bull consolidation phase within the wider picture of a Channel Up pattern that started almost 10 years ago. The price is pulling-back from the Channel's top (Higher Highs trend-line) and if the 1M MACD forms a Bearish...
It has been quite some time since we last took a look at e.l.f. Beauty, and our previous conclusion was that we could be seeing some more selling pressure. We were right about it; after a brief relief pump, the stock sold off by more than 45%. In the end, our prediction about ELF being due for a sell-off was correct, and we are now back in the targeted area....
do you? We encountered a peak fear period last week. And altcoins have taken back all gains if not more. YET I remain bullish. Call me what any name you want. I believe in $100k BTC by the end of the year. And onto my top target zone of $123k-150k
Coinbase (COIN) has been trading within a long-term Channel Up since the first week of January 2023 (almost 20 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. Last Friday saw the week close on the strongest red 1W candle (-20%) since the 2022 Bear Cycle, as...
Company Overview: NYSE:DOLE PLC is a global leader in the fresh produce industry, with a strong portfolio of fruits and vegetables. As consumer demand for healthier food options continues to grow, Dole is well-positioned to capitalize on this trend. The company’s vast global network and operational scale give it a competitive edge in meeting this rising demand...