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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 ".
IDX:HRUMLong
by financialfreedomgoals101
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDA
by TradingShot
2
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!
NYSE:NKE
by Think_More
Dollar Bulls May Win!Traders, We have been monitoring the U.S. dollar for years now. It is, by far, one of the most significant variables in monitoring what price action may do elsewhere. Almost everything here in the U.S. hinges upon it and its ripple impact is, without a doubt, global. Crypto most certainly is not excluded. I was early to spot this Head and Shoulders pattern. It was in October of last year that I think I first speculated this ominous pattern may be forming on our DXY chart. But I was not really clear then whether or not it would truly form and furthermore, if it would play out. Fast forward to today. I am still not clear. However, there are several clues that may indicate that this H&S pattern will become invalidated. Of course, the number one clue is the ever-increasing strength of the dollar. Should it beat that 105.6 level I have drawn, I don't believe the pattern remains valid. Comment below if you disagree. Ensure to comment as to why you disagree in order that we can all learn together. Another reason I have doubted the pattern is that dip below our neckline in mid-August. On the daily, the neckline was broken. But then we quickly reversed. On the weekly chart, the break was never confirmed with a second candle opening and closing below the neckline. Therefore, I kept the pattern present on my chart and continued to monitor. But it looks as though we are now approaching decision time. And in my mind, if my level of 105.6 is absorbed and confirmed, I can safely remove the pattern from the chart and cease tracking. This would spell bad news for the market. As I have discussed many times previously, as stronger dollar generally weighs down the U.S. stock market, especially when the VIX plays along with it and increases the measurement of fear/panic. As of today, the VIX is at an all time two-year low. This sends sort of a mixed signal to traders. I like to think of it as a neutralizing factor. When the dollar is up but the VIX is moving down, generally the market tends to move sideways. So, we are relatively safe right now. However, should that fear index spike, expect a significant pullback to occur in the U.S. stock market, especially if that dollar beats my level. Stay tuned as I continue to track these scenarios. Best, Stew
TVC:DXYLong
by stewdamus
Unity Software Inc.: The Future of Real-Time 3DUnity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences. Fundamental Analysis The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also well-positioned to benefit from the growing demand for real-time 3D content. Technical Analysis The technical analysis of U stock is mixed. The stock is currently trading below its 20-day and 50-day moving averages, which are bearish signals. However, the stock is also trading near its support level of $37.00, which could provide a buying opportunity. Overall, the fundamental analysis of U stock is positive, while the technical analysis is mixed. Investors should carefully consider both factors before making a decision about whether to buy or sell the stock. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
NYSE:UShort
by YExplore
PALANTIR Next break above the 1D MA50 is a buy signal.Palantir (PLTR) has been trading within the 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) range since August 09. This consolidation is technically the bottom formation near the Higher Lows trend-line of the long-term Channel Up. Last time the price traded below the 1D MA50 for that long was from November 17 2022 to January 17 2023. The 1D RSI sequences between now and then are indentical on Channel Up patterns. Onve the price broke above the 1D MA50 for the 2nd time, it started a rebound that peaked within the 1.236 - 1.382 Fibonacci zone. As a result, we will wait for as long as it takes (most likely will be very soon) for one more break above the 1D MA50 in order to buy and target $22.35 (1.236 Fibonacci level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PLong
by TradingShot
4
Ford is still within the rangeFord is still within the range This chart shows the weekly candle chart of Ford Motor Company's stock from 2020 to present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after peaking in early 2022, Ford Motor's company stock directly retreated to the 2.000 level above the bottom of the golden split in the figure, and began a one-year period of fluctuating consolidation of the market! At present, Ford Motor Company's stock is still within the range of volatility consolidation, and there is no sign of any strength to break through the existing range!
NYSE:F
by Think_More
MICROSOFT Final chance to buy for $380.Microsoft (MSFT) has been trading within a Channel Up on the 1D logarithmic time-frame since December. At the moment, it is on the 1D MA50 (blue trend-line) which was previously the short-term Resistance. We are also near the 0.5 Fibonacci retracement level, an important benchmark for this recovery attempt. Practically this is the new bullish leg following the bottom on the Higher Lows trend-line of the Channel Up on August 18. The 1D RSI got rejected on the Symmetrical Resistance of the January 27 High and even since the Support Zone, the pattern seems to be on a perfect symmetry. It appears that we are on the respective 1D MA50 pull-back as on January 30. That bullish wave targeted the 1.236 Fibonacci extension before the next 1D MA50 pull-back. As a result we are bullish, targeting the new 1.236 Fibonacci level at $380.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSFTLong
by TradingShot
2
ORCL show an engulfment patternORCL show an engulfment pattern This chart shows the weekly candle chart of Oracle's stocks over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, the high points of Oracle's stock in June of this year and this month formed a small level double top shape, and were suppressed by the 3.414 digits of the golden section at the bottom of the figure! Although the weekly chart of Oracle's stock has not yet closed, it has now shown a large-scale engulfment pattern, completely engulfing the gains of the past three months!
NYSE:ORCL
by Think_More
JPM continuously negative for 6 weeksJPM continuously negative for 6 weeks This chart shows the weekly candle chart of JP Morgan's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, JP Morgan's stock hit its high point at the end of July and early August of this year, hitting the top to bottom golden ratio of 0.618 in the chart. Then, it has been continuously negative for 6 weeks, and its low point in the past two weeks has hit the top to bottom golden ratio of 1.382 in the chart! So in the future, just use the lowest point of the previous week as the watershed to determine the strength of JP Morgan's stock!
NYSE:JPM
by Think_More
T-MOBILE 1st Bullish Break-out signalT-Mobile US (TMUS) broke today above the Lower Highs trend-line of April, the long-term Resistance and will most likely close the first 1D candle above the 1D MA50 (blue trend-line) since August 16. This is the first bullish break-out signal of this pattern. The second will be if the price breaks above the 1D MA200 (orange trend-line) / 1W MA50 (red trend-line) which are trading on the exact same spot. If we get a 1D candle close above them, we will buy the first break of Resistance 1 (142.85) and target 150.00, which will be a +14.33% rise from the bottom, same as the July 25 peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TMUS
by TradingShot
Take Two | TTWO & GTA VI. Part IITakeTwo Interactive is preparing for the biggest catalyst in the company's history with the release of GTA 6. Although no definitive timetable has been set for GTA 6, the game will almost certainly release in 2024 or 2025 at the latest given all the information that has come out. Moreover, TTWO itself has started opening up about GTA 6, which is a hint that an announcement is near. The impact that GTA 6 will have on TTWO cannot be understated, given how much resources have been spent developing GTA 6 and the growing consumer frenzy surrounding the title.TTWO could see more upward momentum as GTA 6's release closes in. GTA 6 is by far the most anticipated video game in the industry's history. The game is so hyped, in fact, that individuals have crashed televised events purely to protest for the release of GTA 6. Even Starfield, which is an incredibly hyped game in its own right, had it Gamescon presentation disrupted by a fan calling for GTA 6. GTA 6 has not even been announced yet, and it seems to have fully captured the attention of the gaming world. This level of organic hype is an incredibly positive sign for TTWO and its investors. Despite the fact that GTA 5 had nowhere near the hype as GTA 6 at similar stages in their development, GTA 5 still managed to become the best-selling triple A game ever made, with ~185 million units sold. This is a testament to GTA 6's potential, both on a commercial and even cultural standpoint. If GTA 6 manages to meet or exceed consumer expectations, TTWO should see its shares surge. Given the hysteria surrounding the title, positive reviews will only supercharge demand as consumers will likely find any reason to get their hands on the game. Considering the amount of resources TTWO is rumored to be spending on developing GTA 6, coupled with Rockstar's track record of producing masterpieces, there is very little chance that GTA 6 disappoints. While GTA is TTWO's most important IP, the company also boasts a strong lineup beyond GTA. In fact, some of its other franchises are bestsellers in their own right. Red Dead Redemption, for instance, has sold more than 55 million units and continues to sell at a solid pace despite the game being nearly 5 years old. Red Dead Redemption has also been critically praised as one of the best triple A games ever made. TTWO currently has one of its most robust product pipelines in the history of the company across all of its studios. The company has even diversified into mobile gaming, which is proving to be an increasingly large segment in the gaming industry. In fact, TTWO made a huge acquisition in Zynga for a whopping $12.7 billion. Zynga is one of the largest mobile gaming studios in the world and owns massively popular IPs like FarmVille. Despite TTWO's growing pipeline, the company is still relatively top-heavy compared to peers like EA (EA) or Activision Blizzard (ATVI). This means that underperformance for its flagship franchises, especially GTA, will almost certainly cause the company's value to plummet. So much of TTWO's future prospects are dependent upon the success of GTA 6, especially considering how much revenue the game is expected to pull in. To gain some perspective on how important the GTA franchise is for TTWO, GTA has generated over $8 billion in revenue since GTA 5's release in 2013. TTWO itself is only worth ~$23 billion. GTA online, for instance, still contributes heavily to the company's recurring revenue and bookings, which came in at $1.2 billion in its most recent quarter. TTWO has a huge opportunity with GTA 6. The game has garnered unprecedented hype that is starting to grow to a fever pitch. If TTWO delivers a solid sequel, GTA 6 could potentially deliver revenues upwards of ~$20 billion over the next decade, given the revenue trajectory of GTA sequels. At TTWO's current valuation of $23 billion, the company has far more upside, given the potential of GTA 6 and the company's growing pipeline of popular titles.
NASDAQ:TTWOLong
by moonypto
CAPCOM | Sreet Fighter6 & ATH 🔥Capcom stock prices have hit All Time High ahead of the launch for Street Fighter 6, following positive buzz around the anticipated title. looking at a chart, it’s easy to see what normally influences trends many previous spikes in share prices correlate around major Capcom releases, such as a March spike just two weeks before the release of Resident Evil 4 remake It’s not just actual game releases that can have an affect on share prices a spike in November isn’t correlated with any major releases, though it does follow reports of Capcom making a mobile spinoff of Monster Hunter, as well as news about a potential release date for Street Fighter 6. This week’s spike also follows a very optimistic forecast on Capcom’s investor relations page, which also predicts 140 billion yen in sales in the next fiscal year (April 2023 to March 2024). It’s no surprise that Street Fighter 6 would have so much control over Capcom’s financial value- Street Fighter V is their 9th highest-selling title, with over 7 million units shipped. Combined with the announcement of a 2 million dollar prize pool for next year’s Capcom Pro Tour series and positive critical reception, it’s easy to be optimistic that Street Fighter 6’s launch will be huge for the company. In its end-year financial results published on Wednesday, which cover the year ended March 31, 2023, the Resident Evil publisher said it had sold 41.7 million games during the 12-month period. That’s up from 32.6 million games the previous fiscal year and breaks its record for the most games sold in a business year. The company said its game sales helped it achieve a sixth consecutive year of record-high profit “at all levels” and its tenth consecutive year of operating income growth. The company achieved the record sales figure partly with the release of two new titles in its flagship series, Resident Evil 4 (which released a week before the end of the reporting period in March 2023) and Monster Hunter Rise: Sunbreak, which sold around 3.75 million and 5.45 million units. The vast majority of its sales came from catalog titles, which Capcom defines as games released in the previous fiscal year or earlier.these sales, which it says were mostly made up of titles in the Monster Hunter, Resident Evil and Devil May Cry series, reached 29.3 million units – exceeding the 24 million units in the previous fiscal year.Capcom said 12.4 million in sales was made up of new titles. The company released 35 ‘new’ SKUs in FY23, including Mega Man: Battle Network Legacy Collection, Resident Evil Village: Gold Edition, Monster Hunter Rise Deluxe Edition, Capcom Arcade 2nd Stadium and Capcom Fighting Collection. 89.4% of its game sales during the 12 months were digital (37.3 million) and 19.7% were sold in its native Japan (8.2 million). Other than MH Rise: Sunbreak and RE4, the company’s top-selling titles during the FY were Monster Hunter Rise (3.7m), Resident Evil 2 (2.25m) and Resident Evil 3 (1.95m). Capcom said it expects to break records for sales and profit again in its current fiscal year, ending March 31, 2024, which includes the release of Street Fighter 6 in June and new IP Exoprimal in July.Capcom‘s president recently said the company aims to sell 10 million copies of Street Fighter 6, which would break the series record of 7 million met by Street Fighter V what an easy trade and profit 🥂
TSE:9697Long
by moonypto
ADBE suppress by the top to bottom golden ratio of 1.382ADBE suppress by the top to bottom golden ratio of 1.382 This chart shows the weekly candle chart of Adobe's stock over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the highest point of Adobe's stock in the past two weeks has been suppressed by the top to bottom golden ratio of 1.382 in the figure, and the high point in early June and low point in mid August this year are exactly 2.000 positions in the top to bottom golden ratio in the figure! So, in the future, just use the top to bottom golden section of 1.382 in the figure as the watershed to determine the strength of Adobe's stock!
NASDAQ:ADBE
by Think_More