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AVGO: Is about to give a breakout signal. Follow it.AVGO is trading inside a Triangle pattern on a bullish 1D time frame (RSI = 62.459, MACD = 29.570, ADX = 26.143) supported by a HL trendline since October 14th 2022. The way the Triangle breaks to will most likely reveal the next medium term direction. Under it, we will sell and target the 1D MA100 (TP = 760.00) while over it, we will buy and target the 1.5 Fibonacci level (TP = 990.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AVGO
by InvestingScope
2
Ravian stock is starting to rebound and rise!Ravian stock is starting to rebound and rise! This chart shows the weekly candle chart of the Rivian stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent low point of Rivian stock is supported by the 2.000 level of the golden section in the figure. In the past two weeks, Rivian stock has shown a bullish start! So in the future, the probability of the Rivian stock rebounding upwards to the 1.618 and 1.382 positions in the golden section shown in the figure, after a long rest, and then choosing a direction to break through!
NASDAQ:RIVN
by Think_More
The overview/prediction for earning season! $SPX $TSLA After a strong closeout for the first half year, the Ndx closed for the best performance for the first half year in history. SPX also had a pretty strong closure point at 4458.48 where very close to the strong resistance area 4460-4495. From last week's prediction, the market was supposed to do a three waves pullback. However, it only finished the first pullback wave and touch the 4325-4350 then bounce back to new highs, where looks like the market wants to react like M top(even though the market breaks a new high Without big volume, it might be a fake one) There are two ways that the market will react in the next following weeks: 1. we will have strong ADP and non-farm payroll data, which will boost market to price in the best-earning seasons in the past three years, and push the SPX to 4500 ish, and following the earnings data comes out, investors will return to reality and the market will give a big correction starting from the end of July. 2. we will have a consolidation area between 4300-4460 , which means the market will up and down in this range for the next 2-3 weeks until the big tech earnings, then give us a real direction. 4600 for upside target level, 4096 for downside target level. How to play? If the market cannot break 4460 within this week, then I would short the market until at least 4325. If the market breaks 4460 within this week, I would buy a long position for a short-term play, because we are in a short week, no need to rush into the market, let the market move first, especially we will have FOMC min on Wed, ADP on Thurs, and Non-farm payroll on Friday, so I believe the market will give us some directional hint followed by the data. Due to the best seasonal delivery data, TSLA forms a double top but failed to break out the downtrend line, so I will remain the stock prediction from the last week's report. As long as the price close below the downtrend line, we could see some kind of pullback from TSLA, but for the longer term, I am looking for the 300's break out, so I will wait and buy the dip.
SP:SPX
by SoundsgoodTFtalks
WalMart stock is accelerating!WalMart stock is accelerating! This chart shows the weekly candle chart of Wal Mart stock since the end of 2019. The graph overlays the golden section above the 2020 low point. As shown in the figure, the low point of Wal Mart stock in May this year just stepped back to 1.382 in the golden section of the figure, and the low point of the past three weeks just stepped back to 1.618 in the golden section of the figure! This shows that Wal Mart shares are in the early stage of accelerated growth, and the rate will probably break through the previous high! The next strong pressure level is the 2.000 position in the golden section of the graph (around 164.7)!
NYSE:WMT
by Think_More
Waste management dips continue to attract buyers.Waste Management, Inc - 30d expiry - We look to Buy at 161.11 (stop at 157.11) The medium term bias is neutral. Trading has been mixed and volatile. 160 continues to hold back the bears. Bespoke support is located at 160. We look to buy dips. Our profit targets will be 171.11 and 173.11 Resistance: 167.72 / 169.00 / 171.10 Support: 165.00 / 163.30 / 161.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:WMLong
by VantageMarkets
US30: Breakout Bearish Channel, The Start of the Trend Reversal?Hello Fellow Stock Investor/Trader, Here's an Outlook for Dow Jones Industrial Average or US30! Price Action Analysis There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend. The momentum indicator The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30. If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the FX:US30 "
ULong
by financialfreedomgoals101
2
Will TSLA hit $410 by EOY ?Happy Friday everyone, and congratulations for making profit during this wave. As expected (see previous post). Looking at TSLA on the daily timeframe we see that the price of TSLA broke above the $207 and is testing the new resistance at $215. The trend remains bullish as long as the price creates higher highs. Of course there will be a correction, and for those who already sold and are waiting for a new buying opportunity, here are my buying levels to keep an eye on. The daily RSI is in the oversold territory, and we have a strong $215 resistance. However, no bearish candle formation as of this weeks close. For this year top price prediction, I believe that TSLA will test its ATH at $410. Why? We have a bullish flag formation that is now confirmed and the target (using log chart) is at $410. Going back to where I think the price of TSLA will correct, I think that we will see the price coming down to $173-$180. Even $165 is not out of possibilities which is the bottom of the symmetrical pattern. Fib golden pocket at $175. Thanks for reading, and Stay tuned. Please share your thoughts and comments, and don’t miss this trade if you missed my previous trade.
NASDAQ:TSLA
by EdgarTigranyan
3
The Cigna Group to break the resistance?CIGNA CORPORATION - 30d expiry - We look to Buy a break of 270.11 (stop at 260.11) The primary trend remains bullish. Posted a Double Bottom formation. A break of the recent high at 269.36 should result in a further move higher. This stock has seen good sales growth. The bias is to break to the upside. Our profit targets will be 295.11 and 300.11 Resistance: 258.50 / 265.0 / 269.36 Support: 254.50 / 251.00 / 240.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CILong
by VantageMarkets
HPQ WCA - Ascending Triangle Company: HP Inc. Ticker: HPQ Exchange: NYSE Sector: Technology Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the weekly chart of HP Inc. (HPQ), focusing on an interesting price pattern, an ascending triangle as a reversal pattern. Although rare, ascending triangles can indeed act as reversal patterns, offering potential trading opportunities. Ascending Triangle Reversal Pattern: An ascending triangle is a bullish continuation or reversal pattern, characterized by a horizontal resistance line and a rising trendline that connect the higher lows. The pattern typically indicates an accumulation phase where buyers are gaining control, leading to a potential breakout above the horizontal resistance. Analysis: On the weekly chart, HPQ exhibits an ascending triangle reversal pattern. We can see a clear horizontal resistance line at $30.95, which has already been touched three times, and a clear diagonal uptrend line that has been touched twice. Importantly, this pattern is forming above the 200 EMA, reflecting a bullish environment. The price target for this pattern is $37.60, representing a potential gain of approximately 21%. Traders should closely monitor the horizontal resistance level at $30.95 for any signs of a breakout. Conclusion: The HPQ weekly chart analysis highlights an ascending triangle reversal pattern, signaling a potential reversal of the current trend. Traders should closely monitor the horizontal resistance level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:HPQ
by KarimSubhieh
Stock to buy. Trip Advisor Could Make Your Portfolio ExplodeIf you're looking for a growth stock to add to your portfolio, you may want to consider TripAdvisor (NASDAQ: TRIP). The online travel company has seen its stock price nearly lose 50% of its value in the past year and is currently trading at all-time lows with a strong weekly demand level in control. The imbalance is trading at HKEX:18 per share. This demand imbalance has a lot of potentials to help TripAdvisor stock rally in the following weeks.
NASDAQ:TRIPLong
by AlfonsoMoreno