Stocksignals
GFI, Main GOLD-Gem, Essential POTENTIAL, Important Indications!Hello There!
Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation as well. When such a dynamic is adopted with the appropriate setup, supply-chain adoption, and disdain of outdated technologies then there is a chance that GFI also accelerates faster than the actual price-action indications and the actual trend is backed by fundamental factors which is in many cases essentially a noteworthy added value to a stock.
Nonetheless, GFI besides these underlying indications also forms important charting price-action indications that I have spotted and analyzed. When looking at my chart it is seen that GFI is trading within this major ascending uptrend channel in which it already had several support levels confirming with important bounces towards the upside and now GFI also had the ability to confirm the 100EMA and 45EMA as important supports in which GFI bounced several times and already formed an important bullish EMA crossover. Also, GFI already bounced several times within the orange structure support zone marking the main support zone together with the EMA supports.
What is the most important part of the whole structure GFI is forming here is this main broadening-wedge formation that is already in the final completion stages and is going to be finally completed with a final breakout above the upper boundary as it is marked. This is going to activate the upper target zones within the upper boundary zones as marked. In this case, it will be highly determined when the necessary technology-backed gold-backed currency implementation moves forward appropriately because this is going to have an underlying bullish effect for GFI in which the price action can advance faster and complete the main formation faster.
Thank you everybody for watching my idea about GFI. Support from your side is greatly appreciated.
VP
AMC Forming a bottom. Huge investment opportunity?AMC Entertainment Holdings (AMC) has been trading sideways for the past 2 weeks following this month's bottom after the August price drop. The 1D RSI turning flat in oversold territory while the 1D MACD just formed a Bullish Cross marginally above the -0.500 level, the deepest it has ever been historically.
The above setting is an early call of a long-term bottom formation. A similar pattern, Lower Highs price sell-off into an oversold RSI and Bullish Cross MACD can be seen on AMC's previous market low during March 2020. The price then recovered, hitting both the 1D MA50 and MA200, extending as high as the Lower Highs trend-line. As a result, we consider the current levels a sound investment, targeting at least $25.00 (projected contact with the 1D MA200).
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AT&T retreate downwardsAT&T retreate downwards
This chart shows the weekly candle chart of AT&T company's stocks over the past six months. The graph overlays the golden section above the low point of July this year. As shown in the figure, the highest point of AT&T company's stock last week just hit the bottom of the graph, which is 1.382 on the golden section, and then retreated downwards! The recent strong support for AT&T company's stock below is the 0.618 level of the golden section above the bottom in the figure. In the future, this position can be used as the watershed to determine its strength!
COST show a relatively high level of large-scale triangularCOST show a relatively high level of large-scale triangular
This chart shows the weekly candle chart of Costco's stocks over the past year. The top to bottom golden section at the beginning of 2022 is superimposed in the figure. As shown in the figure, Costco's stock peaked in April 2022, plummeted, and began to strengthen in May 2022, showing a relatively high level of large-scale triangular fluctuations and consolidation overall! The stock of Costco Company was suppressed by the top to bottom golden ratio of 1.382 at its high points in July and September this year. Therefore, in the future, this position can be used as the watershed for judging its strength!
RIVIAN Confirmed sell signal after Higher Lows break-out.Rivian Automotive (RIVN) broke yesterday below the Higher Lows 1 trend-line, which was supporting since the June 27 Low. With a clear rejection on the 1D MA50 (blue trend-line) the day before, this bearish break-out may create a Channel Down that could target the Higher Lows 2 trend-line. Until then, we have the critical 1D MA200 (orange trend-line) Support to consider. As a result, following also the completion of a 1D MACD Bearish Cross yesterday, we are bearish now, targeting $18.50 (1D MA200).
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SQ has hit a new lowSQ has hit a new low
This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relatively low from May 2022 to the previous week. This week, it has hit a new low in recent times, reaching below the top to bottom golden section of 3.618 in the figure! The stock of Block Company is about to challenge the bullish starting point at the bottom of early 2020, which is the opening price of $38.47 for the week of March 23, 2020!
ROCKET LAB Vastly oversold. Is it a buy?Rocket Lab USA (RKLB) has completed a sharp decline of -36.50% that hit the Higher Lows trend-line from the April 06 Low. By doing so the 1D RSI has turned vastly oversold at 16.00, the lowest it has been ever in its history.
A Channel Down has emerged and technically this is a Lower Lows buy opportunity. As long as the Higher Lows trend-line holds, we will be bullish, targeting 5.25 (within the 0.5 - 0.382 Fibonacci range as in the previous Lower High). If the Higher Lows break, we will see and target the top of the 9-month Support Zone at 3.75.
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AAL has plummeted in 10 weeksAAL has plummeted in 10 weeks
This chart shows the weekly candle chart of American airline stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the stock of American Airlines has maintained a relatively weak and volatile consolidation pattern after completing a small level double top pattern in March and June 2021. The low point in October 2022 just stepped back on the 0.236 position of the bottom to top golden section in the figure, completing the shoulder position of the large level head to shoulder! The stock of American Airlines has plummeted in the past decade and is about to hit its October 2022 low again! So in the future, we can use the low point in October 2022 as the watershed to determine the strength of American airlines!
ELI LILLY Hit the top of the 4-year Channel. Relief sell-off?Earlier this year we gave a strong buy signal on Eli Lilly and Company (LLY) on March 01 (see chart below) where we called for the most optimal buy entry exactly at the bottom of the bullish pattern:
The price has now hit (last week) the top of the 4 year logarithmic Channel Up, highly overbought with the RSI on the 1W time-frame reaching 84.30, breaking above the August 16 2021 High. As last week's 1W candle closed in red (the first after 5 straight bullish weeks) this is considered so far a Higher Highs rejection and calls for an early sell signals towards the end of October, targeting the 1D MA100 (red trend-line) at $500.00, where the stock will start turning into a buy opportunity again (assuming the RSI is below 55.00).
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Visa has formed a large level double topVisa has formed a large level double top
This figure shows the weekly candle chart of Visa's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the combination of last week's high point and 2021 high point of Visa's stock has formed a large level double top shape, both of which are suppressed by the 2.618 position of the gold split at the bottom of the figure! This week, the stock of Visa has fallen back to the bottom of the chart, which is 2.382 on the Golden Divide. In the future, this position will serve as the watershed for judging its strength!
GOOGLE, Massive FLAG-FORMATION Completed, Targets Activated!Hello There!
Welcome to my new analysis of GOOGLE. There are important developments going on within the whole stock market as the volatility increased within the recent quarter the market momentum is likely to reach major extinctions throughout the next months in 2023. What is important here is that traders do not get trapped in just trading the whole market in the same direction because this can be highly fatal as there are many different setups within the market, bullish as well as bearish. Therefore, it is of utmost overwhelmingly high importance to choose the setups with a bullish potential for the long side and the setups with a bearish potential for the short side to move forward with the total-return approach which I already pointed out in previous publications.
With GOOGLE I have spotted interesting underlying dynamics that point to a major bullish scenario perspective and a main approach on the bullish side. When looking at my chart GOOGLE recently completed this major ascending bull-flag formation with the breakout above the upper boundary which it is now forming the next continuation formation that is approving the full completion of this major formation. The price action towards the uptrend direction is backed by the 65-EMA, the 35-EMA, and the major uptrend channel. Also, the price action already moved on with emerging with the paramount wave count with the major wave C now developing to move into the upper spheres of this whole chart price action.
With the completion of the major bull flag formation, the price action has activated the first main target zone within the 146.25 level as it is marked in my chart. Once this zone has been reached it will be highly important to determine with which volume the price action reached the zone, if it is steadily increasing higher also there is an important potential for the wave C extension to emerge with a breakout above the initial target zone. When this happens and GOOGLE has the ability to emerge with the wave C extension this is going to activate the next target zone as marked in my chart within the 157.05 level. The next times will be highly decisive here. Remember, that not every stock within the market is showing such bullishness, therefore it is necessary to measure the main underlying dynamics as I am doing it within my analysis.
In this manner, thank you everybody for watching my analysis of GOOGLE. Support from your side is greatly appreciated.
VP
AI Holding the 1D MA200. Most optimal buy entry.C3.AI (AI) has been trading within a Channel Up pattern since the December 28 2022 market bottom. The previous Higher Low was priced while it was testing (and holding) the 1D MA200 (orange trend-line). This is the exact situation we have now, with the stoch trading at the bottom (Higher Lows trend-line) of the pattern, holding the 1D MA200 as Support. At the same time, the 4H RSI is showcasing a Bullish Divergence, being on Higher Lows while the price is on Lower Lows.
As a result, this is the most optimal buy entry, and as long as the price trades within the Channel Up, we will target $72.00 (+180% rise).
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Coca-Cola fall back to 1.618Coca-Cola fall back to 1.618
This chart shows the weekly candle chart of Coca Cola Company's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after peaking at the end of April 2022, the stock of Coca Cola Company broke out of the large triangle fluctuation and consolidation trend. In October 2022, after stepping back on the bottom of the graph to the top of the golden section at 1.382, it also broke out of the triple shoulder position of the head, shoulder, and top! At present, Coca Cola's stock has fallen back to the bottom of the chart, which is 1.618 on the golden section. In the future, this position will serve as the watershed for judging its strength!
Silicon Valley Bank / SIVBSVB Financial Group stock tumbled more than 42% in premarket trades Friday on fears of a run on the bank, as analysts downgraded the company and reports surfaced of funds advising clients to pull their money from the parent company of Silicon Valley Bank.
Founders Fund, the San Francisco-based venture-capital fund co-founded by Peter Thiel, has advised companies to pull their money, according to a Bloomberg News report citing people familiar with the matter.In a separate development, The Wall Street Journal reported that SVB Financial Group took out $15 billion of loans from the Federal Home Loan Bank of San Francisco at the end of 2022, compared to zero in the year-ago period, to assure liquidity.
The bank pledged collateral of about three times what it borrowed to back the advances, the WSJ reported, around the same time it sustained a 13%, or $25 billion decline in deposits in the final three quarters of 2022, the WSJ reported.
The steep losses Friday came after SVB Financial SIVB, ended down 60% in the regular trading day after it disclosed large losses from securities sales and announcing a dilutive stock offering along with a profit warning. The bank was unprepared for rising interest rates which have hit its net interest income and net interest margin
the troubles at SVB seemed unlikely to spread widely throughout the banking system. Morgan Stanley said in a note to clients that SVB’s issues were “highly idiosyncratic.”
Also on Wednesday, SVB announced it sold $21 billion worth of securities to raise cash and reposition its balance sheet toward assets with a shorter duration, which are less exposed to rising interest rates. SVB estimated that it took a $1.8 billion loss on that sale.
GENERAL MOTORS Confirmed buy signal.General Motors Company (GM) has completed 3 days of trading above the 4H MA50 (blue trend-line), with the 4H RSI almost 60.00. The long-term pattern is a Triangle and the recent Double Bottom was within the Higher Lows Zone that is in place since July 05 2022. Every time the price broke above the 4H MA50 after a 4H RSI oversold bounce on Higher Lows, we had a low risk buy entry at our hands.
There is a 12-month Resistance Zone that we should revisit on the long-term but on the more short/ medium-term we will target the 0.786 Fibonacci retracement level at 39.00, which was the targeted extension on the Lower Highs trend-line during the July High.
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Uber has engaged in a long short battleUber has engaged in a long short battle
This chart shows the weekly candle chart of Uber Company's stocks from the end of 2020 to the present. The top to bottom golden section of February 2021 is superimposed in the figure. As shown in the figure, the lowest point of Uber's stock in June 2022 hit the top to bottom golden ratio at 3.272. The low point in May this year and the high point in June are also the top to bottom golden ratio at 2.000 and 1.618, respectively! In the past 9 weeks, Uber's stock has engaged in a long short battle against the top of the chart against the 1.382 position in the golden section, without a clear choice of direction to break through!
Coal Mining Stocks: Trend Reversal into Bullish Again!Hello Fellow Stock Traders, Here's a Technical Analysis of HRUM!
HRUM has successfully surged beyond the confines of its previous bearish trendline, a development that augurs a compelling potential for a trend reversal on the horizon. This optimistic momentum is further underscored by the notable ascent above the EMA200 line, a key technical indicator. Notably, this ascent is accompanied by the emergence of a distinct bullish flag pattern, which is often perceived as a harbinger of positive price action.
The recent breakout not only substantiates the newfound upward trajectory but also lends credence to the notion of a promising advancement toward the target zone. Moreover, the analysis of the oscillator reveals a particularly intriguing development - a golden cross formation within the oversold realm. This phenomenon significantly bolsters the case for a sustained bullish trend continuation.
In light of these intricate technical indicators aligning cohesively, market participants could find themselves well-positioned to anticipate a potentially favorable market ascent in the sessions ahead.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
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:HRUM ".
NVDA Great opportunity on the next pull-back of the Channel Up.NVIDIA Corporation (NVDA) has been trading within a Channel Up pattern for the past 4 months with the price currently on its middle, consolidating around the 1D MA50 (blue trend-line). This price struggle to pick up a rebound, resembles the previous bearish leg of the Channel Up, which after a series of Lower Highs, got rejected to form a new bottom (Higher Lows. The 1D MA50 sideways action as halfway through.
We can see a similar consolidation between the 1D RSI structures of the two fractals. The 1D MACD will give a bullish confirmation when it forms a Bullish Cross, but it may a little after the bottom is in, which means you may catch the uptrend on a slightly later stage. In any case it will give a lower risk factor (technically confirmed signal).
We will wait for the price to approach the bottom of the Channel Up, assuming of course it doesn't break below the 1D MA200 (orange trend-line) and target $515.00.
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Nike is about to test strong supportNike is about to test strong support
This chart shows the weekly candle chart of Nike's stock over the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Nike's stock has hit its lowest point in recent years, hitting the 2.618 level of the bottom up golden section in the figure. The low point in October last year hit the 0.500 level of the bottom up golden section in the figure, and the high point in January this year hit the 1.618 level of the bottom up golden section in the figure! So, in the future, the bottom of the graph should be used as the dividing line for judging the strength of Nike's stock, which is 0.618 on the golden section!