Stocks
Amazon (AMZN): Swing Trade & Chart Analysis UpdateTwo months ago, we anticipated a pullback to wave (2), and after a brief pump, we saw an immediate sell-off. The fascinating part? Amazon dropped 25% and reversed almost perfectly on the long-held trendline, which hasn’t been adjusted. It's incredible how simple technicals can sometimes work so well.
We've now pushed back into the $183-190 range. This could be a relief pump, likely short-lived. While we aren’t ruling out a rise above the current wave (1), we’re leaning toward a flat correction, as wave A was fast. If correct, we should turn soon and continue downward with a 5-wave structure into the 50-78.6% Fibonacci retracement target area.
No limit orders yet, but we're setting alerts to better time our entry. 🔥
Intel stock down 70%...opportunity?Good Morning Testosterone Traders,
Intel has been brought to my attention
Intel stock is down 70% from the pandemic era price of $67 per share , and now actively trading around $21 per share as of this posting.
I am confident to add Intel to my long-term portfolio.
Share your thoughts....
ORACLE Channel Up targeting $200.Oracle (ORCL) broke above its previous High last week and even though the current one is under a certain degree of volatility (reasonable due to the Fed), this confirmed the upward continuation of the trend.
Technically, the stock has been trading within a long-term Channel Up since the September 2022 market bottom and after a prolonged test this year of the 1W MA50 (blue trend-line) as Support, it has started the new Bullish Leg with the current phase being the last one.
An ideal 1W RSI symmetry suggests that we might be printing a sequence similar to March - June 2023, which peaked after a +110% rise from its bottom.
As a result, we remain bullish on Oracle, targeting $200.00 by the end of the year.
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Meta (Facebook) Price AnalysisMeta’s price is approaching a key daily resistance level. If we get a breakout above this resistance, it could signal the start of a strong upward move, with potential to target the next r level.
Key points to watch:
Breakout above the daily resistance: This could lead to a continuation of the uptrend.
If the breakout happens, the price may target the next level on the chart.
It’s crucial to watch the price action closely to confirm the breakout!
AMD... Is it time to BUY?? YESSIR!!What are we looking at technically?
- The market is in an obvious uptrend
- A bullish BOS (break of structure)
- A retracement to the OTE (Optimal Trade Entry) fib levels between .705 - .786
- The bullish FVG is also aligned with the OTE levels for a confluence of support
- Price has formed a fractal low on the +FVG as price completed the External to Internal run on liquidity. Now comes the IRL back to the ERL move. The swing high at 227.30 is the target, as that is where the buy side liquidity is.
Fundamentally, the recent Amazon partnership is the latest move that will give AMD a huge boost. Not mention the AMD may become a buyer of INTEL's AI Fabric Chip.
Things are looking up for the organization.
What do you think?
It's a BUY for me.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
JP MORGAN to rise at least +14% on this rally.We haven't looked into JP Morgan Chase (JPM) in almost 6 months (March 25, see chart below) and the excellent sell signal it gave us:
That was right at the top of its 2-year Channel Up. Right now we have the price rebounding an pricing a Higher Low on a shorter-term Channel Up since the March 25 High. Being still below its 1D MA50 (blue trend-line), gives time for an early buy.
The minimum % of a Bullish Leg within this Channel Up has been +14.07% so our Target is at $229.00 accordingly.
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SP500 Can Break To All-Time Highs After A Triangle ConsolidationBack in August the SP500 turned down for a deeper correction back to 5k area, at the same time when drop on all major indexes and some big cap names were pretty aggressive. However, there was a huge spike in VIX (not shown on this chart), so it must have been a lot of fear involved, which after initial selling shows extreme pessimism and that's when the market tends to stabilize, when least expected.
Well, what is most important is that we have seen some stabilization through most of the second part of August, but notice that the index did not reach new highs; it turned down at the start of the September, after moving up to 5655 area. So, we think that recent drop to 5400 area is actually subwave (C), ideally part of a complex correction, possibly a triangle in wave 4. Especially because of a recent turn up, that looks like a wave (D), so be aware of a slowdown in wave (E), which is still missing based on basic structure of a triangle pattern.
Anyhow, we think that sooner or later index will break to a new highs, ideally after FED rate decision.
Comprehensive Analysis of Chevron (CVX) - 16/09/2024Chevron (CVX) is an established energy company listed in the S&P 500 index.
Technical Analysis: I use moving averages as zones rather than lines. On the weekly chart, I applied the 200 EMA and 200 SMA, shading the area between them in orange to create a moving average zone. Currently, prices are finding support in this zone on the weekly chart.
Additionally, the $140 level acts as a demand zone and creates confluence.
On the daily chart, the ATR-based Keltner Channels are touching the lower band, indicating that downside volatility has reached its natural limits. There is also a bullish order block present.
On the 4-hour chart, I use the Inverse Fisher RSI. It filters out noise and provides fewer false signals compared to the standard RSI.
On the 1-hour chart, there is a noticeable decline in volume. Remember, without volume, it is difficult to break through support or resistance levels. From a technical standpoint, different timeframes are giving BUY signals.
Fundamental Analysis: The company has a price-to-earnings ratio of 13.81, which is considered normal for the sector. In the last quarter, Chevron reported total revenue of $49.66 billion and a net profit of $4.43 billion, resulting in a 9% profit margin, which meets my no-loss rule.
Chevron has strong return on equity, and growth continues. Its current ratio is 1.16, meaning its short-term assets exceed its liabilities, indicating financial stability.
The price-to-book ratio is 1.60, which is excellent for a company of this size.
Chevron's total assets stand at $260 billion, while total liabilities are around $100 billion, meaning the company's debt-to-assets ratio is 38.51%, which is highly acceptable.
The company’s annual dividend yield is 4.55%, providing a potential bonus for long-term investors.
With CVX trading near its 52-week low and showing positive signals, it could be a good choice for portfolio managers.
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄
Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.
Let's see if we can get it right again!
Tesla (TSLA) Resistance Breakout and Next Target
Current Resistance Level: Tesla’s stock (TSLA) is currently testing a key resistance level.
Breakout Scenario: If TSLA breaks above this resistance, it could indicate a bullish breakout, suggesting more upside potential.
Next Resistance Target: Once the breakout is confirmed, the price could aim for the next resistance level as the target.
Confirmation: Wait for Tesla to close above the resistance with strong buying volume. Look for bullish candlestick patterns to confirm the breakout.
Risk Management: Place a stop-loss just below the new support level (the previous resistance) to manage the risk of a false breakout or price reversal.
NVIDIA Wave Count on the 4-Hour Timeframe
🔥 The Uptrend is Approaching
✨ It appears that the stock has completed wave (3), followed by a corrective pattern 🔀 in the form of a triangle 🔼 currently forming to represent wave (4). The only remaining wave to complete this pattern is wave E 🤌.
✨ To confirm the end of wave (4) and the beginning of wave 1 within wave (5), the following conditions must be met:
- Completion of all the ABCDE sub-waves of the triangle pattern.
- A breakout above the key level related to wave E.
Once these conditions are met, the uptrend is expected to continue.
However, If Wave D falls short of the trendline, it could indicate that the market is losing momentum and the triangle pattern may be contracting more than expected.
In short, while it’s ideal for Wave D to touch the trendline, minor deviations can still occur without completely invalidating the pattern, but they should be carefully monitored for potential changes in the overall wave structure.
SWING IDEA - PRISM JOHNSONPrism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside movement.
Support at Crucial Zone of 150-160 : The stock is taking strong support around the 150-160 zone, a critical area that has previously acted as a strong support level.
Bullish Engulfing on Weekly Timeframe : A bullish engulfing candle on the weekly chart adds to the bullish sentiment, signaling a strong reversal from the support zone.
Double Bottom Pattern on Weekly : The formation of a double bottom pattern on the weekly timeframe further strengthens the bullish case, indicating a potential reversal from a major support area.
50 EMA Support on Weekly Timeframe : The stock is currently supported by the 50 EMA on the weekly chart, indicating that the long-term trend is intact.
Target - 199 // 220 // 250
Stoploss - weekly close below 142
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@visionary.growth.insights
HFCL Ltd. Resistance Rejection Sell Setup - 5:1 Risk-Reward Rati
Description:
This setup on HFCL Ltd. demonstrates a resistance rejection pattern with a focus on high-probability sell trades. The steps in this trade idea are as follows:
Candle Identification: We start by identifying a candle that has closed above the all-time high.
Candle Confirmation: The next two candles should close below each other, confirming a resistance level.
Resistance Confirmation: The continued closing of candles below resistance indicates strength in the rejection of this level.
Sell Execution: A sell trade is initiated as per the strategy, with a stop-loss placed at 160.00 and a risk-reward ratio of 5:1.
The target for this trade is set at ₹139, and the stop-loss is placed at ₹160. This setup provides a clear framework for executing trades with proper risk management.
S&P 500 Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook:
Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with the possibility of further movement to the subsequent Inner Index Rally at 5739. Conversely, an anticipated downward movement toward the targeted Mean Support level of 5557 is expected upon achieving a resilient rebound.
SPX Weekly Recap | Price Targets Sep 16 - 20Weekly Recap video on last week's stock market price action. then we wrap up the video with our new price targets for next week (Sep 16 - 20) using Statistics and Data to drive a 70%+ historical accuracy.
Topics:
- Last week's Results
- Next week's Targets
Personally I use these targets in combination with ICT Concepts to trade.
Nothing I say is Financial Advice - Previous performance does not guarantee future success.
MSFT Daily OverviewMICROSOFT remains one of my favourite instruments in STOCK TRADING.
I've always enjoyed watching it's price movements, I believe it has remained a solid investment consistently.
Right now I believe Microsoft is about to start recovering from it's recent drawdown and start to move bullish after it hit a major RESISTANCE zone.
We will do further analysis on this instrument once more bars are printed!
Natural Gas: Weak Day / Strong WeekNatural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same.
The Daily chart now needs a couple days of consolidation before another sustainable push.
The weekly chart recaptured the 50 Weekly MA...very good near term sign.
This can now be used as a support level to trade against for very tight stoploss swing traders.
As long as we remain above the breakout neckline we should be likely heading to retest 2.75 & $2.90
Levels below can cause nat gas to fail and fall substantially. Alway remembers the Weekly trend still has Lower highs in place.
Chembond can bond well in your medium term portfolio.Chembond Chemicals Ltd. engages in the manufacture and sale of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products.
Chembond Chemicals Ltd. CMP is 617.25. The positive aspects of the company are moderate Valuation (P.E. = 19), Company with Low Debt, Book Value per share Improving for last 2 years, Company with Zero Promoter Pledge, Annual Profit Growth higher than Sector Profit Growth and Strong Performer, Under Radar Stocks. The Negative aspects of the company are Fall in Quarterly Revenue, net profit and increase trend of non-core income.
Entry can be taken after closing above 624 Targets in the stock will be 656 and 677. The long-term target in the stock will be 706 and 746. Stop loss in the stock should be maintained at Closing below 586 or 553 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.
HEG may be in last Leg of consolidation before it can move up.HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments.
HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 40.8), Declining profits every quarter for the past 4 quarters, Stocks Underperforming their Industry Price Change in the Quarter and PE higher compared to Industry PE.
Entry can be taken after closing above 2089 Targets in the stock will be 2200, 2306, 2406, 2502 and 2565. The long-term target in the stock will be 2622, 2658 and 2750. Stop loss in the stock should be maintained at Closing below 1997 or 1922 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.
SPY 09/12Well on track for the big blow-off top idea. Expecting to see 565 in the next few days, then potentially higher to new ATH
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.