TGT stock has both stepped back on 2.618 in golden sectionTGT stock has both stepped back on 2.618 in golden section
This figure shows the weekly candle chart of Target Corporation's stocks over the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, Target Corporation's stock peaked three times in August and November of last year, reaching its highest point in January of this year, reaching the 1.618 position of the golden section in the figure! Moreover, the two low points of Target Corporation's stock this year have both stepped back on the 2.618 position in the golden section of the chart, and are about to reverse and move upwards!
Stocksignal
There is still room above of AMD stock !There is still room above of AMD stock !
This chart shows the Line chart of AMD shares in the last two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent high point of AMD stock happens to be 1.000 level of the top to bottom golden section in the figure, and the recent wave of long start bits also happens to be 2.382 level of the top to bottom golden section in the figure! So, in the future, the probability of AMD stocks will continue to break through upwards, test the 0.618 level of the golden section, and then fall back, fluctuating and weakening!
SNAP short ideaSnapchat (SNAP) possible short play
JMP Securities downgraded the company to market perform from market outperform, citing declining time spent on Snap and increased competition from Reels and YouTube shorts. Trading down over 4% today.
Late last year Snapchat (SNAP) reported a large slowdown, blaming inflation for its slowest revenue growth since going public five years ago.
Technically price has formed a rising channel/flag pattern, looking for a breakout to the downside.
ROKU short ideaROKU potential short play
Nasdaq listed stock Roku shares dipped 1.8% in pre-market after Truist downgraded the company to a hold from a buy rating, saying that the streaming stock is hypersensitive to a tough macro environment given that a large chunk of revenues are tied to advertising.
Do people even use ROKU, we think it the offering is pretty lacklustre to be honest, a short for us.
Price action subject to a breakout from this flag pattern after running into resistance in the early $50 territory.
Coty (COTY) buy idea!Coty (COTY) buy potential shares of the beauty company have been on the rise, after being upgraded to overweight from neutral by Piper Sandler. Among the catalysts are Coty's increasing exposure to China, which should allow for recovery tailwinds, the firm said.
Technically, monthly price action has formed a bullish flag structure, a breakout observed. Additionally, watching for an inverse head and shoulders to play out, as the price approaches neckline tracking around $9.85.
Micro Technology (MU) Short Idea! Micron Technology (MU) short-sell potential:
Micron is under pressure today, trading down 4.70% after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Micron's results were impacted by declining demand for electronics, and the company announced it will cut about 10% of its workforce.
Price action has been trending to the downside, following a couple of double top formations playing out technically. Most recently, a neckline breach around $50.55, watch for a retest, ahead of further potential selling. Targets eyed at $38.55.
NIKE LONGS!Nike longs!
Nike (NKE) has surged over 12% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast.
Price action has formed an inverse head and shoulders pattern, looking for the price to run back towards $150, as we look to break out of the bearish market structure via the weekly.
Weekly Alfen pivot could prove difficult to breakdown.Alfen - Intraday - We look to Sell at 102.96 (stop at 105.22)
We are trading at oversold extremes.
Weekly pivot is at 103.80.
Daily pivot is at 105.00.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 103.00.
Resistance could prove difficult to breakdown.
Our profit targets will be 97.52 and 93.52
Resistance: 97.00 / 100.00 / 103.00
Support: 95.00 / 93.00 / 90.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
MRIN Marin Software Announced Snapchat IntegrationMarin Software Incorporated (MRIN) was one of the meme stocks of 2021.
It went from $1.54 to $27.25 in few trading days.
Now it it has been recognized as a Strong Performer in the Forrester Research August 2022 report, The Forrester Wave B2B Advertising Solutions, Q3 2022.
Today MRIN Marin Software announced the ability to optimize Snapchat ad campaigns through its flagship MarinOne platform.
My short term price targets are $3.15 and $5.10.
Looking forward to read your opinion about it.
BUY BAC Bank of America - resilient value play against inflationFundamentals:
Here is what ClearBridge Investments has to say about Bank of America Corporation (NYSE:BAC) in its Q1 2021 investor letter:
"Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a credit standpoint, with conservative underwriting and controlled risk taking, a leading consumer deposit franchise, scale and technology. It is also a leader in its commitments to sustainability, or as it terms it, responsible growth. Disclosure and reporting at all levels form a large part of this commitment, including gender diversity and equality, environmental commitments and support of communities in which it operates. In the first quarter Bank of America announced it is setting a goal of net-zero greenhouse gas (GHG) emissions in its supply chain and operations, and notably also in its financing activities, before 2050."
Technicals:
- reached golden pocket zone, 61.8% pullback fibonacci retracement
- support zone at 29-32 price
- MACD oversold, sell pressure weakening
Actions:
Currently double hammers on the weekly, enter a LONG on a bullish engulfing candle.
Definitely a solid value play for the inflationary environment.
Buy AMAZON now!! Huge discount sale for an ecommerce behemoth!
Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding
Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to BUY MORE AMAZON
BAJAJ FINANCE LTD#BAJAJ FINANCE LTD Hello trader, I hope are good and safe. Today I opened the chart of #BAJAJFINANCE for 15 Min and analyzed it then I see that this chart has made a BEARISH PENNANT, So I hope #BAJAJ FINANCE will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
DSV: Head and Shoulders top completeDSV - Intraday - We look to Sell at 1415 (stop at 1496.5)
Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1415, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 1185 and 1100
Resistance: 1415 / 1507 / 1560
Support: 1357 / 1346 / 1300
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Alphabet: Bearish Ending Wedge Formation - Selling OpportunityAlphabet - Short Term - We look to Sell at 2875 (stop at 2967)
Broken out of the channel formation to the downside. Price action has formed a bearish ending wedge formation. Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. A lower correction is expected. Preferred trade is to sell into rallies.
Our profit targets will be 2575 and 2400
Resistance: 2925 / 3012 / 3019
Support: 2832 / 2708 / 2621
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
DAI becoming bearish XETR:DAI
Hi guys , how are you doing ? , I hope you're fine and having a nice time
Let's take a look at DAI stock and check it technically :
- the price is moving in a downtrend and according to candlesticks and momentum the bulls are not gonna break this downtrend .
- the price has touched a polarity change range which has acted as a resistance lately
- also the price is now in 0.618 Fib retracement
I think we need to wait for price action and confirmations and then we can enter a short position ..
what's your idea guys ?
I'd be glad if u comment your view about it
ROKU Reversal!!You don't need to be a candlestick expert to know how to trade them. It doesn't matter if you know the difference between a doji and a spinning or a star and abandoned baby.
They all have one thing in common, the next candle needs to open clear above/below the prior. Over precision is not a traders friend.
ROKU +50% in ~45 days from this exact price twice before. Will it be three times before the end of the year??
Another renewable ponzi stockWe hold pretty good 14.28$ (1.618 fibonacci retracement). I think the current price range is a good area for buying(long) and taking profits arround 18.39$ (2.618 fibonacci retracement). Do not close your trade fully at 18.39$. Hold a small stack(10% or 20%) runners and take profit at 22.50$(3.618 fibonacci retracement) and pro tip put your stop loss into profit for the last runners.
Trading Idea - MicrosoftBUY only! :-)
1.) Fully intact upward trend!
2.) See marked regression channel (blue/red channel)
3.) simple strategy! ONLY Buy. :-) Buy in the red channel zone! Set SL below last significant low!
4.) The software group posted an overall strong sales development in the last fiscal quarter. This should give the share's earnings room for improvement.