PEVE - VCPIDX:PEVE - VCP
13-09-2024
1. Low risk entry point
2. Cheat buy on pivot point
3. Volume dries up
4. Price above MA 50 and 200
5. VCP characteristic
Stocks
SMCI Is it a by after the stock split??Super Micro Computer Inc (SMCI) just had their 10-for-1 stock split and what's on everyone's mind now is this: Is it a buy? Well after a fresh 8-month Low last Thursday, the market certainly doesn't look at its best, quite the contrary, it is on the worst position it could be after the July 15 High and the start of a Channel Down with series of Lower Highs and Lower Lows.
There is a certain level though, where all of SMCI corrections came to an end since the March 23 2020 bullish break-out during the COVID flash crash, and that is the 1W MA100 (green trend-line).
As you can see, before the stock turned completely parabolic in May 2023, it was trading within a Channel Up since the October 01 2018 market bottom. With the use of the Fibonacci Channel levels, we can accurately put into context the subsequent parabolic move too, which extended all the way to almost the 4.0 Fibonacci extension on the week of March 04 2024 and the All Time High (ATH), before starting its correction.
In the meantime, notice the excellent Buy Signal that the 1W RSI is giving in the last 6 years, every time it approaches the 30.00 oversold barrier.
So as long as the 1W MA100 keeps closing the stocks weekly candles above it, we will be bullish, targeting $125.00 (the ATH). If that fails to support though, expect further downside to the 1W MA200 (orange trend-line), where we will place a second long-term buy.
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SPY LONG FROM SUPPORT|
✅SPY is trading in an uptrend
But the price was making a
Local correction, however
The horizontal support of 564.00$
Is ahead and after the retest
We will be expecting a
Further move up
LONG🚀
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ELI LILLY Always a solid buy below its 1D MA50.Eli Lilly (LLY) broke on Friday below its 1D MA50 (blue trend-line) for the first time since August 09. As the stock trades within a long-term Channel Up since the March 01 2023 bottom, every time the price was below the 1D MA50, it didn't stay for long, thus providing the most effective buy entry.
Even though it could dip some more as with July's decline (only such case though out of 6 corrections), as long as the 1D MA200 (orange trend-line) holds, we expect the Channel Up to be extended.
The initial Higher Highs were closer to the 1.5 Fibonacci Channel extension, the last one however was exactly on the 1.0 Fib. As a result, we will take a more conservative Target on that trend-line, thus turning bullish now and aiming at $1100 by the end of the year.
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Tesla Trades That Hit The Mark: 75% and 30% Gains Explained!
Two successful Tesla trading ideas, one from April and one from August.
April entry would now be around 75% up, and August entry around 30%.
Both ideas show how technical analysis can accurately time the market and generate returns.
Future resistance levels could indicate potential price consolidation.
This year, I shared two ideas about Tesla:
The first idea in April.
The second idea in early August.
If you bought Tesla stock in April and still hold it, you should be up about 75%. If you entered in August, your position should be up around 30%.
Both ideas played out exactly as predicted, proving once again that technical analysis helps to time the market and put your money to work as quickly as possible. While fundamental analysis tells what should happen, technical analysis shows what actually happens.
April Idea Criteria:
Strong area, confirmed by powerful candles in late 2022 and early 2023.
Mid-round number of $150.
Small liquidity zone around $150.
Smooth descending price movement into the zone I shared.
August Idea Criteria:
Break above $200 with a powerful candle.
Break above a long-term trendline, again with a strong candle.
Price pulled back to the breakout area: 3.1 Retest of $200, now acting as support. 3.2 Trendline retest. 3.3 Historically strong area around $200 – several rejections before.
What’s Next?
If you are still holding, the next target could be around $280–$300. This is the next strong resistance level. As you can see from the chart, this area has multiple rejections in the past. It might be a good idea to take some profits, as the price could get stuck here for a while, and it’s uncertain how and when it will break through.
Summary:
This is a great example of how technical analysis can guide you to better price entries, potentially leading to higher returns in the future. It does take some experience, but these criteria are not hard to spot once you know what to look for. It’s definitely not rocket science to master the basics.
All the best,
Vaido
CLEO - CUP WITH HANDLEIDX:CLEO - CUP WITH HANDLE
I bought this stock
13-09-2024
Reason to buy:
1. Cup with handle breakout
2. Confirmed stage 2
3. Volume dried up
4. RS Rating > 80
5. Price above MA 50 and 200
Sanofi can ShineSanofi India Ltd. engages in the manufacturing and distribution of pharmaceutical drugs. It focuses on the following therapeutic areas: diabetes, cardiology, consumer healthcare, hospitals, central nervous system, and antihistamines.
Sanofi India Ltd. CMP is 7048.85. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are high Valuation (P.E. = 30.7), Stocks Underperforming their Industry Price Change in the Quarter, Declining profits every quarter for the past 3 quarters and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 7066 Targets in the stock will be 7304 and 7434. The long-term target in the stock will be 7618. Stop loss in the stock should be maintained at Closing below 6679 or 6300 depending on 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.
LG Balakrishnan & Bros looking upwards L.G. Balakrishnan and Bros Ltd. engages in the manufacture and trade of automotive parts and equipment. It operates through the segments Transmission and Metal Forming. The Transmission segment produces chains, sprockets, tensioners, belts and brake shoes. The Metal Forming segment includes fine blanking, machined components, and wire drawing products.
L.G. Balakrishnan and Bros Ltd. CMP is 1384.80. The positive aspects of the company are cheap Valuation (P.E. = 15.7), Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Dividend yield greater than sector dividend yield and Strong Performer, Under Radar Stocks. The Negative aspects of the company are MACD Crossover Below Signal Line, Declining profits every quarter for the past 3 quarters, Inefficient use of capital to generate profits and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 1394 Targets in the stock will be 1435, 1464 and 1500. The long-term target in the stock will be 1527 and 1572. Stop loss in the stock should be maintained at Closing below 1330 or 1279 depending on 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.
The S&P 500 short term outlook is bullishThe S&P 500 ( SP:SPX AMEX:SPY ) daily chart is currently in a steady bull trend, with the price continuing to follow the ascending trendline. The Bollinger Bands are expanding, suggesting that the current momentum is likely to continue toward the 6000 area ( AMEX:DJIA NASDAQ:QQQ ) #stocks #Bull
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way.
First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level.
In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle.
It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
Nike (NKE): Analysis and Expectations Ahead of EarningsWe have analyzed this stock in the past privately, but we never published it, and it's a shame because we anticipated lower prices but have no proof of it. Still, we are looking for lower prices on NYSE:NKE , as we are about to finish Wave 4, most likely between $93 and $106.
NYSE:NKE will publish its earnings this week on Tuesday after market close. Heading into those results, the bar was low, as inflation keeps shoppers cautious.
Some analysts have said that even if those results come in better than expected, Wall Street's reservations could be hard to shake. However, others believe that with a new CEO on the way, investors might cut the company some slack.
So, the market might be ready for a push, but this sector is under much pressure as shoppers are finding it harder to spend money compared to previous years. It will be very interesting to follow NYSE:NKE and see if our outlook is correct or not. As shown in the chart, this scenario will be invalidated if the price breaks through $115.82.
We foresee a good entry opportunity between $60 and $50, where the most traded volume of the last 9 years has been.
We will update this stock when we know more. ✅
BABA: What happens next after this insane rally?Alibaba despite today's correction, remains massively overbought both on the 1D technical outlook (RSI = 81.819, MACD = 5.940, ADX = 34.506) and on 1W (RSI = 75.158, MACD = 5.970, ADX = 33.938). As the price almost reached the 1W MA200, we expect a technical correction near the 1W MA50, which is the pattern the stock followed on its previous historic expansion in 2016-2017. We expect a similar Channel Up to dictate the trend and peak late 2025 - early 2026 (TP = 200.00).
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US30 (DowJones) - Daily Bearish SetupThe BLACKBULL:US30 index experienced a bullish spike, followed by a period of consolidation within a bullish channel. However, after a fake breakout above the upper boundary of this channel, it appears that the index could be poised for a downward correction. Based on the technical analysis, a fall toward the lower boundary of the channel is expected, providing traders with potential shorting opportunities in the near term.
Fundamentally, stock market volatility tends to rise during September, a historically weak month for stocks. This pattern is often attributed to traders returning from summer vacations, rebalancing portfolios, and increased bond offerings, which divert capital away from equities. In 2024, this volatility is further exacerbated by uncertainty around the Federal Reserve’s rate decisions and the upcoming U.S. presidential election. Investors are closely watching labor market data, inflation trends, and the Fed’s stance on potential rate cuts, all of which could impact market sentiment and drive further fluctuations in stock prices.
With the TVC:DJI at the top of the bullish channel and signs of weakness after the fake breakout, a pullback to the lower end of the channel seems likely. Traders should stay cautious and monitor key economic events and technical signals for opportunities to re-enter positions at more favorable levels.
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone,
In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2.
Inside the Wave 2, we encounter ourselves inside the Wave C already.
The Wave C is about to break the 100 support area, and targeting at least 92 target.
The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A.
Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
ROCKET LAB Time the next pull-back and buy.Exactly 4 months ago (May 29, see chart below) we gave the ultimate long-term buy signal on Rocket Lab (RKLB) when it was trading at $4.39 and eventually not only did it return us +100% profit by hitting our $8.75 Target but even broke above the 2-year Higher Highs trend-line and Resistance 1:
It is now confirmed that the stock has broken into a new Bull Cycle and won't (most likely) continue to follow the accumulation pattern of the previous 2-year Ascending Triangle. This is also evident on the 1D RSI, which is rising on a Channel Up.
In our opinion it will continue the pull-back buy low sequence that started in July. The next key Resistance is the 0.618 Fibonacci, above which we expect the next short-term correction to start. Our intention is to buy again at 9.15 or if we see 2 red 1W candles first.
Our next Target will be 14.50 (the 0.786 Fib).
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Analyzing Microsoft: Patterns and Profit-Taking Opportunities
Microsoft is in a profit-taking zone based on the Parallel Channels and Equal Weight method.
The round number of $500 could act as a psychological level, affecting future price movements.
This is not a shorting zone, but a chance to manage your position and consider taking profits if it fits your strategy.
The second time in my analysis, I want to highlight the idea of Parallel Channels and Equal Waves, which is a helpful method for deciding when to take profits. One of its main benefits is that it helps find profit-taking areas, especially when there’s no major resistance or "traffic" on the left side of the chart.
Right now, Microsoft has reached important levels that look similar to patterns we’ve seen in gold. Also, the price is approaching a third key point, the round number of $500, which could play an important role in the near future.
It’s important to point out again that this is not a shorting area, but rather a potential profit-taking zone. If you’re managing your position as a mid-term investor and you might need your invested money soon, this could be a good place to take some profits.
Make sure to align this analysis with your overall investment plan. If you're ready to act, now could be a good time to lock in some profits.
Regards,
Vaido
Pegasystems (PEGA) AnalysisCompany Overview: Pegasystems NASDAQ:PEGA is strategically positioned to leverage the increasing demand for AI-powered customer service solutions. By incorporating advanced technologies such as natural language processing and chatbots, PEGA is enhancing user experiences and streamlining customer interactions.
Key Catalysts:
AI-Powered Solutions: The rising interest in AI technologies provides a significant opportunity for Pegasystems to grow its client base and expand its offerings in customer service automation.
Leadership Insights: CEO Alan Trefler emphasizes the company's commitment to innovation, which is expected to attract new clients and deepen existing relationships, driving revenue growth.
Financial Goals: Pegasystems aims to achieve the "Rule of 40" by 2024, balancing revenue growth with free cash flow margin. This metric is crucial for appealing to investors looking for sustainable growth and profitability.
Investment Outlook: Bullish Outlook: We are bullish on Pegasystems above $61.00-$62.00, reflecting confidence in its strategic initiatives and market potential. Upside Potential: Our target for PEGA is set at $84.00-$86.00, driven by expected growth in AI solutions and the successful implementation of financial goals.
🚀 PEGA—Pioneering AI in Customer Service. #AI #CustomerExperience #Pegasystems
Tencent Holdings (TCEHY) Analysis Company Overview: Tencent Holdings OTC:TCEHY is poised for growth as the regulatory environment in China becomes more favorable, particularly in the gaming sector. The resumption of gaming license approvals has revitalized the market, allowing Tencent to launch new titles that resonate with consumers.
Key Catalysts:
Regulatory Recovery: The easing of regulatory scrutiny around gaming licenses has set the stage for Tencent to reinvigorate its gaming portfolio.
Success of Dungeon & Fighter Mobile: The release of Dungeon & Fighter Mobile has been a standout success, generating $270 million in iOS revenue within the first 30 days. This performance highlights strong consumer demand and effective marketing strategies.
Future Revenue Potential: Analysts forecast that Dungeon & Fighter Mobile could generate between RMB 15-18 billion in 2024, positioning it as Tencent’s most commercially successful game in five years, which bodes well for the company's overall revenue growth.
Investment Outlook: Bullish Outlook: We are bullish on Tencent above $47.00-$48.00, reflecting confidence in its ability to capitalize on the resurgent gaming market. Upside Potential: Our target for TCEHY is $70.00-$72.00, driven by the anticipated success of new game launches and a healthier regulatory landscape.
🚀 TCEHY—Unlocking Growth in Gaming and Beyond. #Gaming #Tencent #MarketRecovery
S&P 500 Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook:
The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
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 - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
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 - JMFINANCIALJM Financial , a diversified financial services group offering services in investment banking, brokerage, and asset management, is currently presenting a potential swing trade setup.
Reasons are listed below :
120 Zone Resistance Break : The 120 level has acted as a strong resistance since 2018. The price is now attempting to break through this zone, indicating possible continued upward movement.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish Marubozu candle on the weekly chart suggests strong buying pressure and a potential shift towards higher levels.
Massive Volume Increase : The surge in trading volumes supports the price movement, indicating strong market participation.
Constant Higher Lows : The formation of higher lows signals a consistent upward trend, reflecting increasing bullish sentiment.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, which supports the overall bullish trend and indicates long-term strength.
Target - 150 // 170 // 190
Stoploss - weekly close below 105
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
TESLA SWING SHORT|
✅TESLA is about to retest a key structure level of 271.58$
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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