Get started

Stocks

XAUUSD | Trade idea- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. - **Rate Cut Probability:** The likelihood of a 25 basis point rate cut in September has decreased to 57% from 70% a week ago (CME Fed Watch Tool). - **US Dollar Index:** - Bullish outlook with minor support around 101.20/100.50. - Near-term resistance at 102/102.80. - **Gold Price Drivers:** - **Global Stock Market:** Bearish, which is positive for gold. - **US Dollar Index:** Bullish, which is negative for gold. - **US 10-Year Bond Yield:** Bearish, positive for gold. - **Technical Analysis:** - **Support:** Near-term support at $2,470; a break below targets $2,449/$2,430. - **Resistance:** Minor resistance at $2,520; a break above could lead to $2,525/$2,530.
FXOPEN:XAUUSDShort
by DynamicCapital-FX
C3.AI is a great buy opportunity for the rest of the year.C3.ai (AI) has been trading within a Channel Down pattern for more than 1 year (since the August 01 2023 High) and yesterday it almost hit its bottom (Lower Lows trend-line). The 1D RSI breached below the 30.00 oversold barrier, and within this 1 year, it has always been a buy signal. However we can't rule out an extended consolidation or even a slightly Lower Low within those levels until the price recovers fully, but on the long-term and particularly until the end of the year, C3.ai presents a strong buy opportunity on the current level. The previous two Bullish Legs topped on the 0.785 Fibonacci retracement level, so our Target is 28.50 (marginally below it). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:AILong
by TradingShot
IMAX (IMAX) Analysis Company Overview: IMAX is well-positioned to benefit from the ongoing recovery in the entertainment industry. As a leader in premium large-format cinema experiences, IMAX leverages its asset-light business model to generate strong returns through system installations and global expansion. The company’s focus on providing immersive, high-quality viewing experiences has proven successful, with blockbusters like Top Gun: Maverick drawing moviegoers back to theaters in droves. Key Catalysts: System Installations and Backlog Growth: IMAX has seen a significant rise in system installations, contributing to an expanding backlog. This growth reflects the increasing demand for premium viewing experiences, as theaters capitalize on the higher ticket prices that IMAX screens can command. Asset-Light Business Model: IMAX’s asset-light approach reduces capital expenditure while maximizing returns, making it a more scalable and efficient business. This model allows the company to focus on expanding its footprint and enhancing its technology, driving long-term growth. Shift Towards Blockbusters: As the movie industry increasingly focuses on big-budget films, IMAX is set to benefit from its niche in premium cinema experiences. The success of films like Top Gun: Maverick underscores the demand for immersive theater experiences, positioning IMAX as a key player in this evolving market. Investment Outlook: Bullish Outlook: We are bullish on NYSE:IMAX if it holds above the $19.00-$20.00 range. Upside Potential: The upside target for IMAX is set at $30.00-$31.00, driven by the growth in system installations, a strong backlog, and the resurgence of blockbuster films. 🎥 IMAX—immersive experiences leading the future of cinema! #IMAX #CinemaRevival 🚀🎬
NYSE:IMAXLong
by Richtv_official
Double-Top In PlayAs expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer timeframe and as long as we don't break below the pink tl with confirmation on the weekly, I will start to buy back at or around the pink tl and down to the 200 dma. Batting 1000% thus far and hoping to keep it perfect.
AMEX:SPYShort
by stewdamus
1
TESLA broke above the 2-month Resistance and is aiming for $300Last month (August 15, see chart below) we gave a pull-back buy signal on Tesla (TSLA) and the price action swiftly responded with a August 28 Low and then rebound: The rebound was on the 1D MA200 (orange trend-line) and today we see a strong bullish break-out above the 1D MA50 (blue trend-line). This alone is enough to confirm the start of the next phase of the Bullish Leg, since the long-term pattern is a Channel Up, as closing above 228.00 will constitute a Higher High. Technically the structure is similar to the previous mid-Bullish Leg consolidation (April 30 - June 24), even the 1D MACD sequences between the two fractals are similar. In that sense we can't rule out some more ranged trading for September but on the long-term our Target remains unchanged. We expect the $300 level to break before November. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast
ROCKET LAB has started a new 9-month correction phase.Rocket Lab USA (RKLB) topped on August 19 after a more than +100% rise from the bottom that eventually reached the top of the Sine Wave count and as a result even though it failed to reach our $8.75 mark (Target 2), we will take profit on the last buy signal we issued (May 29, see chart below): As you can see by the Sine Waves, RKLB is repeating a 2-year cyclical pattern (since the June 30 2022 bottom), which every time it provides a buy opportunity that delivers a little over +100% return (3 times so far within this time span). Now that we got our +111% rise, we expect a new multi-month correction phase to start, initially in the form of a Channel Down (red). The previous correction phase lasted for 9 months and the one before for 10 months, before the +100% rallies commenced. As a result, we are far away from a buy opportunity at the moment and the best course of action is to short below even the 1D MA200 (orange trend-line). Our Target is $4.35, the middle of the High Volatility Zone, which is located just above the (green) Support Zone, where our next long-term buy will be. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RKLBShort
by TradingShot
1
Nasdaq - Very weak start of the stock market in September!The US100 is below the EMA200 and EMA50 in the 4H time frame and is trading in its descending channel The index has reached the target of the downward movement of its previous analysis, and you can save a part of your sales position and place your SL in profit If the index continues to decline towards the specified demand zone, which also intersects with the midline of the descending channel, we can look for buying positions for the Nasdaq index An upward price correction of the index will provide us with new sales position with a suitable risk reward
CAPITALCOM:US100Short
by Ali_PSND
Rotation - Growth Stocks > Value Stocks Growth Stocks: Growth stocks are shares in companies expected to grow at an above-average rate compared to other companies in the market. These companies typically reinvest their earnings to accelerate growth in the short term rather than paying dividends. Value Stocks: Value stocks are shares in companies that appear to be undervalued by the market. These companies typically have stable earnings and often pay dividends. They are often found in more established industries like finance or utilities. In different economic conditions, one type may outperform the other, leading to rotations between growth and value in the market cycle. Analysis: The stock market is currently experiencing a unique situation where major indices like the S&P 500, NASDAQ, and Dow Jones are setting new highs, but this growth is primarily driven by a small number of large tech companies (the "Magnificent 7"). This has led to a significant divergence between growth and value stocks, with growth stocks outperforming.
NASDAQ:NDXLong
by Flow-Trade
Raj Rayon : {"Potential for Best investment for 2024";} We are at the Biggest Picture available as per the data; Price has formed a Wave 1 which is an Impulse Wave In the Upward direction; Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now. ====================================================================== Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade, According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1. Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension; Yo !!!! Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart, Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company. So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension} Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
NSE:RAJRILTDLong
by WavesandZones
NETFLIX starting the 2nd bullish leg of its expansion phase.Netflix (NFLX) has been consolidating above the 1D MA50 (blue trend-line) since the August 20 High and is on the exact same level where during all previous Bullish Legs of the 2-year Channel Up, it ended the consolidation and moved to the 2nd rally of the expansion phase. This is also evident on the 1D RSI, which is about to start a Channel Down that in previous Legs it moved parallel with the price's 2nd rally. Our Target is $900.00 representing a +70.48% rise from April's low, which is the smallest rally recorded within the 2-year Channel Up, thus the more realistic target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
Will Nu Continue Rally After Unusual Volume Activity Last Week?Above 9.67 low, it favors upside in fifth wave and expect to finish the impulse started from all time low before the major correction starts. Last week, it traded with unusually high volume above 10X, which provides few scenarios. (1). It favors upside in v and can unfold 5 internal waves, while dips remain above 9.67 low but still main momentum divergence. (2). It may see minor upside as v and the volume can be exhaustion move before it reverses in larger correction, which confirms below 9.67 low or by breaking the trendline. (3). It will start nesting higher and erase the momentum divergence, which extend higher. That move should ideally supported by gap up move.
NYSE:NU
by EWFcw
NVIDIA BUY ZONES ACTIVE ?As posted before after the earnings report we’ve seen the stock drop from 127 to 105 after a blowout report. Here’s my current idea of a scenario 1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday 2. NVDA buy opportunities towards $125-$140 or above 3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed. 4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area. Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets. This is a prediction. Good luck to all!
NASDAQ:NVDALong
by R2CTrading
SWING IDEA - RK FORGINSRK Forgings , a key player in the forging industry, is showing technical indicators that suggest a promising swing trade opportunity. Reasons are listed below : 850 Resistance Turned Support : The 850 level, previously a strong resistance, has now turned into a robust support level, indicating a potential floor for the stock price. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and potential for upward movement. 50 EMA Support on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the bullish sentiment and providing a reliable support level. 0.382 Fibonacci Level Support : The price is bouncing off the 0.382 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation. Target - 1000 // 1100 Stoploss - Daily close below 810 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
NSE:RKFORGELong
by Visionary_Growth_Insights
US indeces pre market TuesdayHere's a breakdown of why the S&P 500 might drop to the next green zone based on the technical analysis depicted in the chart: 1. Resistance Zone (Upper Red Box) The chart highlights a resistance zone near the top, marked by a red box. This zone represents a price level where the S&P 500 has struggled to move higher and has reversed several times in the past. The price has recently touched this resistance zone and failed to break through it, indicating that selling pressure is stronger at this level. 2. Support Zone (Lower Green Box) The green box at the bottom represents a support zone, which is a price level where the index has previously found buying interest and reversed upward. The chart suggests that the price could potentially drop back to this support zone if the current downtrend continues. 3. Recent Price Action The price action within the last few candlesticks shows a downward movement after touching the resistance zone, which is depicted by the downward arrow. This suggests that sellers have taken control, and the price is likely to continue moving lower. 4. Breakdown of Support Levels The price appears to be breaking down through minor support levels (smaller green zones within the red box), which could indicate that the market is losing bullish momentum and could head towards the lower support zone. 5. Trading Setup The chart suggests a short (sell) trade setup, where the expected movement is for the price to drop towards the lower green zone. The green arrow indicates the anticipated direction of the price movement, while the red and green shaded areas likely represent the stop-loss and take-profit levels, respectively. Conclusion Based on the chart's technical analysis, the S&P 500 is expected to decline to the next green support zone due to the strong resistance at the current level, recent bearish price action, and the potential breakdown of intermediate support levels. If the price reaches the lower green zone, it might find support and possibly reverse, but until then, the outlook is bearish.
VANTAGE:SP500FTShort
by Elite_Forex