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...
Snapchat (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...
ROKU 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...
A textbook example of cup&handle pattern forming on ABBV, I think its interesting to dig deeper into the company, as its a defensive stock for just the conditions at the current moment.
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....
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...
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.
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 /...
Marin 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...
Fundamentals: 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...
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...
Hello Traders, Switching it up a bit and posting one for the stock boys and girls. Bullish Falling wedge breakout Bullish Divergence on the RSI Bullish MACD Cross Large Buy Volume Entry: Anywhere near $14.23 Stop Loss: $11.92 Take Profit: $19.10 Have a Green week! Savvy
#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 - 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...
Alphabet - 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...
I'm looking at a potential buy on TME with the potential for a nice gain. This is just my opinion and idea for a stock, and this is not financial advice . Let me know what you think and lets see what happens with the trade tomorrow.
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 -...