COINBASE Can catapult above $300 any time.Coinbase Global (COIN) has been trading within a long-term Channel Up pattern since the October 27 2023 bottom. Its long-term Support level is the 4H MA200 (orange trend-line) which was most recently tested on May 14 2024 and held.
Just like the February 07 (near) test, this is technically the latest Higher Low of the Channel Up. The break-out above the Falling Wedge that followed, similar to the February bottom, has found Support on the 4H MA50 (blue trend-line), which held even during Friday's dramatic pull-back.
With the Sine Waves accurately depicting COIN's all recent bottoms (Higher Lows) and tops (Higher Highs), they clearly show that we are past the latest bottom and have already started the new Bullish Leg to a Higher High.
The previous one was priced just above the 1.786 Fibonacci extension level. As a result, we remain bullish on this stock, setting a new price Target at $380.00 (Fib 1.786), which can be achieved by mid-July.
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Stocksignals
Double Top, Next Target is Trendline Bottom.Down Trend start, because Banknifty did not closing above previous top or resistance level and it formed Double Top. So we expect market coming down, next Target is Trendline Bottom.
And also Nifty 50 did not Breakout the Channel Pattern, Trendline also Breakout, SGX or GIFT also Breakout Trendline.
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GAMESTOP Will the meme stock have another gap up tomorrow?GameStop Corporation (GME) had a massive +75% opening today, product of 'Roaring Kitty' latest news, but corrected from $40 to sub $30 intra day. We saw a similar pattern during GME's previous rally on May 13, with a 1st Gap Up that was followed by a 2nd that eventually formed the 64.90 Resistance.
Both sequences started off with a Higher Lows rise and identical 1D RSI patterns. It appears we are currently on Gap Up 1 and the late session consolidation may give way tomorrow to an equally impressive Gap up to test 64.90.
Of course never forget with such kind of stocks and high importance after of pre-market news can drastically alter the technicals.
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Spy continues to near its target of 570 before U.S. electionsWith the dollar trending down and the VIX at low levels, we can then continue to expect the U.S. stock market to continue to rise. And, in fact, that is what we are witnessing as we close in on the blow-off top target of the Elliot Wave theory that has resonated with my instincts for these last 2 and a half years. We are currently in wave 5 and on our way to the target I have set of SPY 570-600. There is still time and I believe we will easily get there before U.S. election shenanigans begin to unfold (see my post on the VIX). Once you start to catch wind of anomalous election news events here in the U.S., know that we are near our top. For me, it will be time to pull out.
NIFTY 320+ Points Gain - SHORT PositionLoving the momentum in the market these days.
Only if you know how to catch the big moves.
I believe bigger moves are coming from Monday onwards.
Within NIFTY and BankNifty, I feel BankNifty trades will make the bigger money.
Are you prepared? Whats your strategy for the recent volatility? Share your thoughts.
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday.
Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results.
And why not, market being driven by fundamentals in full power and josh.
A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically.
So, BTST traders, you better watch out and be careful. Risk management is key.
Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal.
NO POSITION IS ALSO A POSITION!
So, be careful, and enjoy the fireworks, gonna start any time now.
ROCKET LAB Bullish break-out imminent.Rocket Lab USA (RKLB) has completed a Bull Flag pattern (green Channel), trading right below the 1D MA200 (orange trend-line), which has been its long-term Resistance since January 24 2024. Based on its 2-year Cyclical pattern, the stock should surge aggressively if it breaks above the 1D MA200.
The 1D RSI is posting the exact same formation it had during the break-outs of May 2023 and July 2022. All formed after strong rebounds within the Support Zone.
In any case, our medium-term Target $5.50, which will be a test of the Lower Highs trend-line, similar to June 07 2023.
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Colgate can shine your portfolio and Teeth. Colgate-Palmolive (India) Limited is an MNC India's leading provider of scientifically proven oral care products. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the 'Colgate' brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The Company is engaged in manufacturing/ trading of toothpaste, tooth powder, toothbrush, mouthwash and personal care products. It also provides a range of personal care products under the `Palmolive' brand name.
The positive aspects of the company are Company with No Debt, Mutual Funds Increased Shareholding in Past Month, Company with Zero Promoter Pledge and MFs increased their shareholding last quarter. The Negative aspects of the company are High P.E. Ratio=55.5, RSI indicating price weakness and Recent Broker Downgrades in Reco or Target Price.
Entry can be taken after closing above 2709. Targets in the stock will be 2735, 2765 and 2827. The long-term target in the stock will be 2877, 2920 and 2961. Stop loss in the stock should be maintained at Closing below 2642.
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.
Aarti Drugs giving signs of pennant Breakout. Aarti Drugs Limited (ADL) is a prominent manufacturer of APIs, Pharma Intermediates, and Specialty Chemicals. ADL engages in the development, manufacture and market of pharmaceutical products. The firm operates through the Out of India, and India geographical segments.
Aarti Drugs Limited (ADL) CMP is 495.70. The positive aspects of the company are Company with Low Debt, Growth in Quarterly Net Profit with increasing Profit Margin, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, and Mutual Funds Increased Shareholding. The Negative aspects of the company are Decline in Quarterly Net Profit, MFs decreased their shareholding last quarter and Promoter decreasing their shareholding.
Entry can be taken after closing above 503 Targets in the stock will be 519 and 531. The long-term target in the stock will be 549 and 568. Stop loss in the stock should be maintained at Closing below 456.
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.
NETFLIX Bullish break-out eyeing $725.00Netflix (NFLX) has established trading above the 1D MA50 (blue trend-line), turning it into a Support following the rebound since May 01. With the long-term pattern since June 14 2022 being a Channel Up, similar bullish break-outs above the 1D MA50 (blue circles) have been the start of Bullish Legs.
Even the 1D RSI has been very consistent at identifying bottoms. The last two Bullish Legs topped after the price hit the 1.786 Fibonacci extension level. As a result, we remain bullish on NFLX, targeting $725.0 (the 1.786 Fibonacci).
Flashback to our previous idea:
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Emaar is now in a strong uptrendhello dear investors
I think inchallah, Emaar will continue it uptrend until 1st target=12.50 2d target=19.
Always think technically with ease: it will respect the corridor if breakout accure then you will unusually see highest levels.
Just keep buyning and not sell untill breakdown this corridor.
Remember that i am not having a cristal ball predicting markets movement but I try to be more rationnal .
Good luck
NB: if you see that i said something usefull ecncourage me in order to post more and more
BROADCOM accumulating. Last opportunity to buy on this pull-backBroadcom Inc. (AVGO) has been trading within a long-term Channel Up since the October 13 2022 market bottom. The stock is now within the new Accumulation Phase that is being supported by the 1D MA100 (green trend-line).
Based on the previous Accumulation Phase, we should get one (or two max) more pull-back towards the 1D MA100, before the price breaks upwards aggressively towards the Channel's top (Higher Highs trend-line).
Last time the ultimate buy signal was when the 1D RSI made a Double Bottom. Our Target is $1800, which will be on the 3.0 Fibonacci extension, similar to the December 15 2023 High.
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BABA: Set for a Bullish Reversal, Potential Gains Exceed 50%?Hi Realistic Traders, let's delve into the technical analysis of NYSE:BABA !
On the weekly chart, BABA is making some exciting moves! It's broken out of a falling wedge pattern, forming a bullish candlestick with a long wick right on the EMA 34 line. But what really caught our eye? The significant volume spike, more than double the average. Now, why does this matter? Well, it's a clear sign of increased buying interest and strong market conviction behind the price movement. And wait, there's more good news: the MACD indicator is showing a bullish divergence, hinting at a potential reversal. So, what's the forecast? We're looking at a potential upward swing to close the gap near our first target at $117.89. After that, we might see a slight dip to the yellow zone before it continues its rally towards our second target at $165.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Alibaba Group Holdings Ltd."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
BDL / Bharat Dynamics 35%+ in 1 week! Crazy ReturnsEverybody loves momentum.
Why not?
Momentum is the best friend of every trader. I always wanted to find and catch the beginning of a confirmed trend. It's unbelievable it is happening in real life.
Education and skills acquisition is the key to continued growth in any field. This especially holds true in the highly risky terrain called Trading.
A lot of stocks are in superb momentum and I am ready to catch them.
God bless you and happy trading.
KARURVYSYA 87%+ Gain in 1 YearKARURVYSYA has been in my bag from a year now.
Never thought this would touch 80%++ in gains.
I had sold 50% of it at 150 price level and held the remaining. I sold 25% of the remaining this morning and keeping the remaining 25% for some more gain, especially for the week after the election results.
We are for sure going to see some crazy spikes / volatility.
Anybody holding KARURVYSYA? Share your story in the comments.
God bless you and happy trading.
RIVIAN Accumulation before mega rally.Last month (April 18, see chart below), we called for a short-term buy on Rivian Automotive (RIVN) but expected one more pull-back before the absolute bottom:
Since however the price broke above the 1D MA50 (blue trend-line) and closed a 1D candle above it too, we have to revise it and we consider April's low to be the bottom (Lower Lows trend-line) of the 1.5 year Channel Down pattern.
As a result, we expect a short-term Accumulation Phase, similar to May - June 2023, before an aggressive rally towards the top (Lower Highs trend-line) of the pattern. Our target is $17.00 (just below the 0.618 Fibonacci retracement level).
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ARM 1D MA50 rejection and buy for $160.00Arm Holdings (ARM) got rejected yesterday on the 1D MA50 (blue trend-line) after recovering it following a full month of trading below it. As the price got outside its long-term Buy Zone (green), this pull-back might be the last opportunity to buy the stock before Resistance 1 is tested. Our Target is marginally below it at $160.00.
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Symmetrical Triangle Pattern Formed & TargetWait for the Breakout, as it is Crucial in the Stock Market. Institutions and Professionals often Enter Trades based on PATTERNS & BREAKOUTS. After a Breakout, the Market significant BULLISH Trend.
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AMD correction is over. Buy for the long-term.Back on March 13 (see chart below) we gave a bold (for the majority of the market) sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up:
Our signal was delivered and the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held and made the last bottom and Higher Low for the Channel Up on the week of October 23 2023.
As the 1W RSI also reached the symmetrical Support level of the October 2023 bottom (45.50), we believe that the market has already started the bottom process and any week now will start the new Bullish Leg of the Channel Up.
Technically the previous 2 rose by +144% but we will settle our own long-term Target a little lower at $300.00, so that it makes a standard Higher High on the Channel Up.
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Gold has Respected it's 44-years Trendline. This is a very important time in Gold's History, happening after 44 years. When this Trendline Breakout, Gold will move significant Bullish Trend. Otherwise, it may come down to support 1.
Wait for conformation, let's see what happens next.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money Worldwide because of my Potential.