TESLA Inverse Head and Shoulders formed. Is this the bottom?Tesla (TSLA) appears to have completed the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is technically a bullish reversal structure that is formed on market bottoms. We have already talked in our previous analysis about the IH&S formed on the 1D RSI and as you can see by the circle drawing, this is consistent with the all previous Right Shoulder formations since December 2022.
As you can see, the long-term pattern since the July 19 2023 High is a Channel Down and this IH&S is the Lower High formation that should technically start the new Bullish Leg towards the pattern's top (Lower Highs trend-line).
As a result, our technical target is $245.00, which represents a Lower High level slightly lower than a projected +41% rise (last Lower High was +36%, the one before +31%, so we estimate a +5% progression). We will book the profit earlier though if the 1D RSI hits its Resistance Zone before the price reaches $245.00.
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Stocksignals
VOD Vodafone Buyout Rumors Today !!Vodafone (VOD) Surges on Speculation of Major Corporate Moves and Potential Takeover
In today`s trading sessions, Vodafone (NASDAQ: VOD) has experienced a significant uptick in share value, rising as much as 7.1% in London trading. This surge can be attributed to growing speculation and rumors circulating in financial circles, particularly from Betaville, suggesting that the telecom giant may be on the cusp of a major corporate transaction, such as a spin-off or takeover.
The rumor mill is abuzz with talk of American companies expressing interest in acquiring Vodafone. While details remain vague, it is believed that discussions are underway, fueling anticipation among investors. This potential development signifies a pivotal moment for the traditional #Vodafone company, as it attracts attention from key players in the American telecommunications sector.
Adding to the intrigue, there are whispers of a possible increase in stake by one of Vodafone's existing shareholders, indicating a growing confidence in the company's future prospects. This speculative buying interest is often seen as a positive signal among investors, contributing to the recent surge in Vodafone's stock value.
Furthermore, there are indications that Vodafone may have received a new offer for its Italian unit. This comes on the heels of the rejection of a revised offer from Iliad SA, highlighting the attractiveness of Vodafone's assets in the telecommunications market. The ongoing corporate maneuvers suggest a dynamic landscape for Vodafone, with potential strategic changes that could unlock significant value for shareholders.
In a strategic move to bolster its leadership, Vodafone has announced the appointment of Hatem Dowidar as a non-executive director, effective February 19. This appointment follows the firm's partnership with e& (Emirates Telecommunications Group) last May. Dowidar's extensive experience in the telecommunications industry, coupled with his senior roles in companies across the Middle East, Africa, and Europe, is expected to enhance Vodafone's strategic positioning and strengthen its partnership portfolio.
My short term Price Target is $10.30.
Potential Takeover at $15 - $20
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on
IDX:BNGA ."
AI made a Bullish Break-out and is targeting $60.C3.ai (AI) broke on Monday above the 8-month Lower Highs trend-line that dictated the former Bearish Leg of the 1.5 year Channel Up pattern. That is a major technical bullish break-out for the long-term as at the same time the 1D MACD completed a full Bullish Cross.
The last time we had such a series of technical events was on the January 13 2023 bullish break-out where the stock closed again a 1D candle above the Lower Highs. The price rallied +205% from the bottom. The next rally that formed the June 16 2023 Higher High on the Channel Up was on a +190% rally. Assuming a -15% decrease on every Bullish Leg, we expect the current rally to peak a +175% from the bottom. As a result we are placing our target just under the 1.382 Fibonacci extension (standard Higher High target) at $60.00.
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NETFLIX Correction starting. How low can it go?Netflix (NFLX) has gone a long way since our November 28 2023 buy signal (see chart below) that reached our $580 Target, giving more than +20% return:
As the price has been consolidating for practically 2 weeks, it is time to update our outlook for medium as well as long-term investors. The long-term Bullish Megaphone pattern that started on the July 13 2022 Low, is intact and the stock continues to respect its Support and Resistance levels.
The current consolidation is coming off an overbought 1D RSI peak at 83.00, which has since corrected, while the price was consolidating, which is a technical Bearish Divergence. We have previously seen the same kind of overbought RSI Bearish Divergence on the July 19 2023 and February 03 2023 peaks, both Higher Highs on the Bullish Megaphone.
As a result, we expect a correction of around 4 weeks and being on a consolidation suggests that it is still early to enter. The 1st Support level is the 1D MA50 (blue trend-line), which has been intact since the October 27 2023 bounce, but we are aiming for the 1D MA100 (green trend-line) as it has been touched during both 2023 correction waves. Our Target is at $485, but we will book the profit earlier if the 1D RSI hits the 30.00 oversold limit first.
The Sine Waves can be used as an extra decision making indicator here. As you can see they fairly match the Peaks and Lows of the stock price, so if the price approaches the Sine Bottom March 20 and hasn't rebounded yet, we will close the shorts and buy long-term regardless.
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💻Microsoft Corp💻 is Ready to Decrease➖15%🏃♂️ Microsoft Corp is moving near the 🟡 Potential Reversal Zone(PRZ)($437-$422) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🌊From the theory of Elliott waves , it seems that the macro can complete five main impulse waves in 🟡 Potential Reversal Zone(PRZ)($437-$422) 🟡.
🔔I expect the Microsoft Corp to at least fall to the 🟢 Support zone($368_$342) 🟢 after the completion of wave 5 and the breaking of the Uptrend line .
Microsoft Corp (MSFTUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
APPLE Last chance to buy before $215.We are updating our Apple (AAPL) outlook on our last analysis a month ago (January 04 2024, see chart below) as the price remains under Lower Highs:
The dominant long-term pattern remains a Rising Wedge with the 1W MA50 (red trend-line) providing a strong rebound on February 02, which on the other hand got rejected on the 1D MA50 (blue trend-line). This opens up a short-term window, one final opportunity to buy lower, even below the 1W MA50 where the majority of short-term buyers will be out due to fear of the Rising Wedge bearish break-out.
The previous 2 Channel Down patterns made the final Lower Low on the -0.236 Fibonacci extension. That is a little above 175.00. If the price hits it and at the same time the 1D RSI bounces on its Support Zone, it will most likely be the final buy opportunity. Our medium-term target is intact at the top of the Higher Highs trend-line at $215.00.
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Tata Technologies Trying to bounce after forming a bottom. Tata Technologies Ltd. CMP – 1130.30 ( Long Term Investment Idea) (Potential Candidate for becoming a Portfolio Stock in future)
Market Capitalization Rs 45,852.7Cr
Red Flags:🔴
High Valuation
Declining cash from operations annual
Green Flags:🟢
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Happy Candles Number – 42/100
X/2 Fresh Entry/ averaging / compounding after closing above 1132
Final Entry 1166
Targets: 1203, 1227 and 1257
Long term target: 1286, 1348 and 1404
Stop loss: Closing below 1070
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.
PI Industries: a Power Packed Performer trying to form a bottom.PI Industries Ltd. is an Agri-sciences company with strong presence in both domestic and export market. The company has commercialized 4 new molecules during this year, which included 2 new Electronic Chemicals. PI Industries Ltd CMP is 3484.35.
The Negative aspects of the company are High Valuation (P.E. = 35.3), MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 3515. Targets in the stock will be 3582 and 3646. The long-term target in the stock will be 3741 and 3805. Stop loss in the stock should be maintained at Closing below 3224.
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.
Policy Bazar looking good for a smart up-move. PB Fintech Ltd. is an integrated online marketing and consulting Company and is in the business of rendering online marketing and information technology consulting/support services largely for the financial service industry, including insurance. PB Fintech Ltd CMP is 933.60.
The Negative aspects of the company are Extremely High Valuation and FIIs decreasing stake. The company's Positive aspects are No debt, MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 942. Targets in the stock will be 958 and 986. The long-term target in the stock will be 1007 and 1029. Stop loss in the stock should be maintained at Closing below 889.
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.
META Is it finally time to correct?Meta Platforms (META) has been among the biggest winners in 2023 and of course is having a great start to 2024 as well. Those who follow us know that we have been big bulls on META even right on its 2022 bottom (see charts below), when most of the market had lost faith in the company's operations, business model and its ability to generate profit.
We even mapped to perfections its V-shaped recovery to new All Time Highs (ATH)
As the company had one of its best 1W candles in history last week following the dividends announcement, we are starting to consider a short/ medium-term pull-back for the stock. This is also justified by historic price action. Since the current large Megaphone pattern started in mid 2018, META has corrected to or below its 0.236 Fibonacci retracement level within a -16.00% to -19.77% decline range, 5 times. On all cases except for the initial 2023 recovery, the 1W RSI was overbought above the 70.00 mark. Right now the 1W RSI is on its most overbought state in history.
As a result, we have a growing belief that it is time for the social media giant to start correcting again. A minimum of -16.00% decline will deliver a $410.00 Target level for META, just below the 0.236 Fibonacci level. Note that during all such declines, the 1W MA5 (blue trend-line) provided support, closing all candles above it.
Do you think it is time for a 4 - 6 week correction?
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Disney: Bullish Reversal, Upside Potential +10% ?Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS
Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation.
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 Disney."
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RAMA STEEL TUBES - ENTRY POINTCan enter at CMP - 43₹
SL - 32
Targets - 50,60,70+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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AMD Has it finally topped? Short-term sell in order?Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below):
This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High formations. In addition, the 1D RSI is on Lower Highs that just broke below the Higher Lows and that has been the Sell Signal during the previous three occurrences.
We are targeting a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 (green trend-line) breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low.
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CVNA:NYSE will reach $130-$135 in 2024NYSE:CVNA CVNA:NYSE will reach $130-$135 in 2024.
Given the market signals outlined below for CARVANA CO. (CVNA:NYSE) on the weekly chart (W1):
1. RSI convergence
2. Gradual narrowing of the price channel
3. Substantial volume observed in bottom fishing
4. Decreased volume during recent corrections
The CVNA stock exhibits indications that suggest a potential attainment of the price range between 130-135 by the year 2024.
PALANTIR starting a new multi-month rally to $45Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this break-out, along with the 1D RSI breaking above its Lower Highs trend-line, should set in motion a multi-month rally similar to the one that started on the May 04 2023 Low.
This gives us three Targets to aim in succession:
a) $24.50, which represents a +58.90% rise such as the one that peaked on November 21 2023.
b) $37.00, which represents a +136.51% rise such as the one that peaked on June 07 2023.
c) $45.00, which represents a +243.33% rise such as the one that peaked on August 01 2023.
The latter two would break the original (blue) Channel Up and start a divering (dotted) more aggressive one.
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COINBASE Has it found a bottom? Caution if it breaks this level.Last time we looked into Coinbase (COIN), we set a long-term target of $150 (November 14 2023, see chart below) that was easily surpassed:
At the moment the stock is on a short-term pull-back following the rejection near the 1D MA50 (blue trend-line). It is approaching a dangerous level, the 0.5 Fibonacci of the Channel Up, which is its middle but most of all the 116.50 level which is the former Resistance level (two Highs on August 04 2022 and on July 14 2023) that could now turn into Support.
If it holds, we can expect a rebound targeting $285, which would be a +146.82% rise, above the top (Higher Highs trend-line) of the Channel Up. If it closes a 1D candle below it though, we expect the price to seek the maximum % decline it has had within this pattern, -47.15%, which would bring the stock around $100 and would be technical test of the 1D MA200 (orange trend-line) and an excellent long-term buy entry, which is what took place on the October 27 2023 bottom. In that case a +146.82% rise would be $245.00 and that would be our Target. Note that at any given price, if the 1D RSI hits the 1-year Support Zone, it will be a solid buy entry regardless.
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VOD Vodafone and MSFT Microsoft Partnership After reaching its May 2010 level, I believe Vodafone (VOD) stock is primed for a rally! Its metrics are outstanding: Forward Dividend & Yield: 0.97 (11.09%) and PE Ratio (TTM): 2.13.
Additionally, there is a significant partnership with Microsoft (MSFT):
Microsoft initiated a 10-year strategic partnership with Vodafone (VOD) aimed at leveraging their respective strengths to create new digital and financial services tailored for businesses, especially small and medium-sized enterprises (SMEs) across Europe and Africa.
The collaboration involves the utilization of Microsoft's generative artificial intelligence (AI) to enhance Vodafone's customer experience, with the goal of delivering a more personalized and differentiated service through various channels.
The partnership seeks to expand and improve Vodafone's managed Internet of Things (IoT) connectivity platform, aiming to scale up the telecommunication company's IoT platform by connecting more devices, vehicles, and machines.
I`m considering the $9 strike price at the money Call for February 16, or the $10 call for March 15.