NVIDIA Incredible strength long-term. Is $1100 realistic?NVIDIA Corporation (NVDA) gave us a great bottom buy entry last time (October 22) we made a call on it and invalidated the Head and Shoulders pattern (see chart below):
This time we look at it on the 1W time-frame where it is on the 4th straight green weekly candle, approaching the Higher Highs trend-line. The 0.236 Fibonacci retracement level and the 1W MA50 (blue trend-line) provide Support, while the 1W RSI is on a Bearish Divergence (Channel Down) but the 1W MACD is about to form a Bullish Cross.
The last we had the above combination of indicators, was February 16 2021. At the time, the 1W MACD failed to make the Bullish Cross and the stock pulled back to the 1W MA50 but when it formed the Cross on April 12 2021, it broke above the Higher Highs. What followed was a 7-month rally to the -0.618 Fibonacci extension.
As you can see, the symmetry between the two fractals is striking. When the MACD Bullish Cross takes place, we would assume a similar rise and the -0.618 Fib target will be at $1100. Is that in your opinion realistic for Q3 2024?
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Stocksignals
META Buy only if this trend-line breaks.Meta Platforms (META) hit last week the top (Higher Highs trend-line) of the Ascending Triangle pattern after breaking the previous High (Resistance 1 at 330.00). This is so far the peak of the technical rally and we will buy only after 1D MA50 (blue trend-line) pull-back (1D RSI ideally on the Support Zone) or if the price closes a 1D candle above the Higher Highs trend-line first. In both cases, the bullish target will be 384.50. Until though the Higher Highs trend-line breaks, we will be selling, targeting 320.00.
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AMAZON The rally isn't over yet. Still time to buy and profit.Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same formation on January 18, above the 1D MA50 (blue trend-line). This was also after a break-out above a Falling Wedge, a pattern which formed the market bottom of the Inflation Crisis.
The stock shortly after completed a +39.84% rise and peaked just over the 1.382 Fibonacci extension. As a result, we are now targeting initially 156.50 (1.382 Fib) and early in January 165.00 (+39.84% from the bottom).
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Dow Jones To 34150 $DowJones is going to be in downtrend in next few days while dollar going to be stronger.
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COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context.
The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up.
Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension.
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APPLE This rally isn't done yetApple (AAPL) is on an enormous +12.5% rally since the October 26 bottom on the 1W MA50 (red trend-line). Last week, the price even broke above the top (Lower Highs trend-line) of the Falling Wedge pattern and then the 1D MA100 (green trend-line).
Despite the successive break-outs, this rally may not be technically over as the very same Falling Wedge break-out fractal in March 2022 extended as high as the 0.9 Fibonacci retracement level. As a result, we can see an extension to $195.00 before any short/ medium-term pull-back to the 1D MA50 (blue trend-line) again.
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PALANTIR May fractal points to $24.50 before years end.Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15.
Surprisingly, the stock had also broken above the Lower Highs trend-line of its Descending Triangle at the time, and with the support of the 1D MA50 (blue trend-line), it registered a remarkable (almost) +180% rally on the August 01 Top. Although in order to attract a rally of equal proportions, a strong fundamental catalyst would be needed, we can deem the 1.5 Fibonacci extension, a feasible technical target by the end of December, as it can even be within the borders of a Channel Up.
As a result, as long as the 1D MA50 is supporting, we have a medium-term target at $24.50 on PLTR.
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Why Boiron Stock Deserves Attention. Stock to buyAre you a believer in the power of natural remedies and alternative medicine? If so, get ready to discover a hidden gem in healthcare stock investments – Boiron stock. Homeopathy has been gaining traction as an effective and holistic approach to healing for centuries, and now it’s time to uncover its potential from an investor’s perspective. Join me as I delve into why Boiron stock deserves your attention, unravelling the mysteries behind this ancient practice and exploring the promising future. Get ready to be captivated by the untapped opportunities waiting within this fascinating industry!
The stock has reached a solid monthly demand imbalance at €39 per share. The price of this French stock has already started to rally since the imbalance took control last 23rd October 2023. Watch the video below for a complete analysis of this French stock.
AMD A great long-term buy. First Bullish Cross after 1 year!Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics.
Last week's rise also broke above the 5-month Channel Down, which puts it back as a long-term Bull Flag, as it also held the Higher Lows Zone from the October 2022 market bottom.
Perhaps the most important development is the emergence of a Bullish Cross on the 1W MACD, the first since November 14 2022, essentially after a whole year. The minimum rise of AMD's bullish legs since then was +35.24% so we expect this to be fulfilled at $126.00 and then buy the pull-back on the 1D MA50 (red trend-line). With that, we will target $133.15 (Resistance 1). That bullish leg has the potential to test the $164.85 All Time High (ATH) and we will buy it if we close a 1W candle above Resistance 1.
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The Expected Bounce was on Queue. Tomorrow We Drop.Traders,
We have been batting 1000 lately when it comes to the SPY. Might as well make another bold prediction. It would seem that the greatest probability of price action is outlined in the chart. An inverse H&S is forming and the right shoulder has yet to start.
I predicted the target down from the last H&S pattern to be 410. That was hit, almost to the dollar. I then predicted a huge bounce. We have that now. In fact, 7 days of green candles! Amazing. I even predicted the timing of the bounce. The charts gave me all of this data. I just had to read it correctly.
Now, the chart is telling me that it's time for a bit of a pause. If correct, we should see the right shoulder from that inverse H&S drawn now begin to form. If we're lucky we stay in my outlined green channel by using that 200 day ma near the bottom of the channel as support.
Blowoff top underway!
LFG!
Stew
TESLA Can it reach $345 in January based on this Channel Up?Tesla (TSLA) has been trading within a Channel Up pattern ever since the January 03 2023 market bottom. Since last week, it is staging a rebound sequence as it hit and held (closed 1W candle above it) the 1W MA50 (blue trend-line) which happens to be on top of the 1W MA200 (orange trend-line). Technically that is the bullish leg towards a new Higher High.
However, the last Higher High of the Channel Up was rejected on the Lower Highs trend-line that remains in effect since the November 01 2021 All Time High (ATH), which is essentially the major Resistance of the 2022 Bear Cycle. If it breaks above it, we can expect a Higher High bullish sequence towards $345 at least, since it would represent a +75% rise from last week's bottom (Higher Low), assuming the Higher Highs are on a -$20 decline rate.
Notice also the fair flipped symmetry of the 1W RSI after the January 2023 bottom and the price action before it. If it holds the Support as it held it during the Bear Cycle, we can even see $400 early in Q3 2024.
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TESLA Inverse Head and Shoulders starting a rally?Tesla (TSLA) has been trading within a Falling Wedge pattern of Lower Highs (Resistance) and Lower Lows (Support). The 4H MACD formed a Bullish Cross 2 days ago and last time we saw such a bullish formation this low, was on August 21. That was straight after the first Low of the Falling Wedge, which initiated the bullish sequence that formed the Lower High of September 15 marginally below the 0.786 Fibonacci retracement level.
The August Falling Wedge Low was, on a shorter term framework, the Head of an Inverse Head and Shoulders (IH&S) pattern. Technically this is a bullish reversal pattern seen on market bottoms and as we saw it didn't fail to deliver a rebound. Typically their targets are the 2.0 Fibonacci extension only that time the rise exceeded it.
We see the same kind of IH&S emerging on the current bottom of the Wedge and now is forming its Right Shoulder. This time, the 2.0 Fib ext of the IH&S is marginally below the 0.786 Fib retracement level from the Wedge's last Lower High. As a result, we will target $250, which meets all the criteria for a new Lower High of the Falling Wedge.
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RIVIAN hit the long-term Buy Zone. Target $21.00.Rivian Automotive (RIVN) hit the Higher Lows Zone and the 1D MACD is close to forming a Bullish Cross. This is a strong bullish combo signal but attention is needed as the price is below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the Support Zone but also a technical Lower Low on the Megaphone's bottom. The previous Lower Low rebound formed a top on the 0.618 Fibonacci level. As a result our short-term bullish target is $21.00.
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INTEL 10-month Channel Up targeting $40 and $43 in extension.Intel Corporation (INTC) has been trading within a Channel Up throughout the whole year and as you can see on the chart, the pressure points are best displayed with the use of the Fibonacci Channel levels. Last Thursday's bottom on the Higher Lows trend-line couldn't have come at a stronger demand level, as it hit (and immediately rebounded on) the 1D MA200 (orange trend-line).
The price even broke and closed above the 1D MA50 (blue trend-line) yesterday and more importantly completed the first 1D MACD Bullish Cross below 0.0 since August 30. It is a similar rebound sequence where again the price was just above the 1D MA50 and eventually completed a +25.24% rise, marginally above the 1.382 Fibonacci horizontal extension. Every time the 1D MACD formed a Bullish Cross below 0.0 within this Channel Up, we had the same bullish confirmation signal and the stock rose by +25.24%, +38.83%, +36.47% on those occasions, always hitting at least the 1.382 horizontal Fib level.
As a result, we expect the stock to complete the 'minimum' +25.20% fractal rise, thus we target $40.00 on the short-term and on the long-term, extend to at least $43.00, which is the 1.382 Fibonacci extension and would make an optimal technical Higher High on the 2023 Channel Up.
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NETFLIX Can it realistically reach $600 in this environment?Netflix (NFLX) has established itself above the 1D MA50 (blue trend-line) since the aggressive price jump of October 19 on its bullish earnings. Still, the price is failing to break above the top (Lower Highs trend-line) of the blue Channel Down and technically the longer it fails to do so, the higher the chances become of a rejection. Until that happens, we can see that during similar 1D MA50 consolidations after price jumps in the recent past, Netflix rallied more. Now it has the 1W MA100 (red trend-line) as its long-term Support, hence a potential new rally can be even stronger.
The previous 3 medium-term rallies have hit (or marginally missed) the 2.0 Fibonacci extension, so that is our target in case the price breaks above the top of the Channel Down. $600 is technically fair as it is on the Higher Highs trend-line of the Bullish Megaphone. Time-wise, this target is achievable by January 2024 as this is what the Sine Waves suggest. As you can see all 3 previous Higher Highs have been within the peak spectrum of the Sine Wave.
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Spy options trader DAILY 0dte etc. Not to say it won't go higher this week depending upon what happens with earnings from major movers but also what J Powell has to say.
However also do not forget while everyone with larger accounts on X may be telling you we now bounce back to much higher levels before they even begin to watch for rejection. Some of those same accounts that said support was at $412 to $415 when I said you'd be seeing $400-$410 before a bounce.
Well larger accounts now eyeing. $425-$430.
I'm still saying watch for rejection issues at the $417 and $420.
IMO that $417 level has more confluence and possibilities for overhead R then most are giving it credit for.
Even if we break back through it later, I'll be watching for at least one decent rejection and shorting from it was my plan.
Even if my Puts bought at closing don't pay tomorrow, we did great with the Friday puts from R given that morning at premarket as well as playing it basically the same way this morning. 0Dte puts and 31st puts were up 55-110% within the 1st 2 hours of trading. Most were closed WAY into profits within the 1st hour or LESS of trading.
Now we see what the MM do over night and if they can keep pushing it UP.
On the #spx CBOE:SPX I'll be watching for R at the 4180-4190 level.
My puts will begin there for at least a daily pullback to make $ in that hour. I think puts from $4187 look sweet for a daily play.
If I'm wrong you'll clearly have your receipts, lol
AMAZON 1st bullish break-out made. Only the 1D MA50 left.Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50 (blue trend-line), which is where the October 12 rejection took place.
A candle closing above it, would invalidate the medium-term bearish bias and most likely restore the stock back on long-term bullish trend. The 1D RSI Double Bottom is what at the moment is shifting the sentiment a little more towards a potential bullish break-out. On the other hand, a break below the 4H MA200 will cancel it. Our target is 146.00, just under the August 16 2022 High.
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AFRM Affirm Holdings big puts addingLast time, AFRM puts were profitable:
This week, Affirm Holdings (AFRM) saw a notable increase in the acquisition of puts with a November 3rd expiration date, set at a $17.50 strike price with a premium of $0.67.
Affirm operates within the "buy now, pay later" model, which has also been dubbed as "pay never" by some analysts.
However, it's worth noting that AFRM currently operates as an unprofitable venture, and its current valuation may be perceived as inflated.
I'm eager to hear your perspective on this matter!
Good-Buy STOCKS: HOODHi Traders, Investors and Speculators of Charts📈📉
After losing nearly 90% of it's high, NASDAQ:HOOD is currently trading close to all-time lows. This could make for a great buy and hold opportunity, whilst some patience may be needed to wait for ideal target zones.
Higher lows are observed after bottoming out at $6, indicating that the bottom is most likely in for HOOD. In other words a spot entry here has a really low risk and high reward setup.
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NASDAQ:HOOD
META Is it a buy again?Two months since we gave a successful buy signal (see chart below) on Meta Platforms (META) and the stock is yet again found after an aggressive selling sequence:
The (almost) 12-month long Bullish Megaphone may be still intact but this time the price dropped below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). It is however approaching not just the bottom (Higher Lows trend-line) of the Bullish Megaphone, but also Support 1 (274.50).
What makes Meta a strong buy already is that the 1D RSI entered the Buy Zone, which is the area within the bottom of its Channel Down and the Support. As long as the 1D MA200 (orange trend-line) holds, buying some here and the rest at the bottom of the Bullish Megaphone is the most optimal approach for the medium-term.
As you can see, the price action follows very distinct time Cycles (dashed curves) and right now the new one is about to begin. Our target is the $384.50 All Time High of September 01 2021.
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MCDONALDS Very rare yearly buy opportunity close to be confirmedMcDonalds Corporation (MCD) has been trading on a Fibonacci Channel Up since late 2020 and since the May 2023 High, has started a correction that twice in October hit the bottom (Higher Lows trend-line) of the pattern. On the October 06 bottom in particular, the 1D RSI reached 20.00, which means massively oversold on strength.
Since the 2020 COVID crash, the RSI approached/ hit this level another 3 times, all of which have been enormous buy opportunities on an annual basis. The respective rebounds that followed quickly hit first the 0.786 Fibonacci retracement level before going for a new All Time High (ATH) and the buy confirmation every time has been the RSI breaking above its Lower Highs trend-line.
As a result, we are waiting for that closing above it (right now it has marginally broken) in order to enter a (still) low risk buy and target 288.00 (0.786 Fib) on the medium-term.
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Dow Jones : Bearish and Bullish Scenario 📉📈Hello Traders !
On The Daily Time Frame The US30 Price Reached A Support Level (32880.0 - 32583.0)
Currently We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Line !
We Will See a Bullish Move📈
TARGET: 34000.0🎯
Bearish Scenario📉
If The Market Breaks Support Level and Closes Below That
I Will Sell On Retest...
TARGET: 31950.0🎯
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