NYKAA SHORT TERM SWING TRADE 15%swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Stockstrading
Dow Jones Possible Reversal & Recession in 2023looking for a strong rebound above 27.000
bullish target : 36.000+
possible deep recession in 2023.
trade with care.
WELLS FARGO: Important bullish breakout.Wells Fargo crossed on Friday over the HH trendline that was in effect since April 19th, invalidating it as a Resistance and instead giving form to a Channel Up pattern that is supported by the 1D MA50. The 1D technicals are bullish (RSI = 69.130, MACD = 0.870, ADX = 27.314) and even though the nearly overbought RSI will required a technical pullback in order to harmonize it, on the long term this Channel Up should test the R1, so we are bullish (TP = 48.85).
If the price crosses under the S1 (42.10), we will sell and target the S2 (TP = 40.35), where the HL trendline should also support on the long term.
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NASDAQ - INMINENT SELL OFFNASDAQ - BEARISH INTERNAL CYCLE
Price it's on Panic Area (-0.382 - 0.00%) from Bearish Internal Cycle
I Suggest open SELL positions / take profits from bought stocks listed on Nasdaq at current price
- SL: ABOVE PANIC LIMIT AREA (17094.04)
- TP 1: 12849.15 - 12231.24 (50-61 %)
- TP 2: 10442.74 (100 %)
ADDITIONAL CONFIRMATIONS:
-APPLE Stock on same situation.
Nationale Nederlanden NN Long R/R 1/2.5Here we see a nice support zone, hit 3x times and we had a nice positive candlestick 2 days ago. Very nice risk to reward if it goes in our favour.
JP MORGAN This rally has more room to growJP Morgan is trading inside a Channel Up on a strong 1D technical timeframe (RSI = 68.279, MACD = 2.320, ADX = 18.509). Supported by the 1D MA50, this bullish leg can potentially rally more. If it repeats the rise of the previous, it can hit both R1 and R2 but since R1 is neatly located at the top of the Channel Up, we will buy and pursue this as target (TP = 156.00).
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ARKO arko buy
timeframe 1d
b 645
sl 600
tp 825
*disclaimer on*
please discipline with the trading plan
COINBASE is testing for strong pressureCOINBASE is testing for strong pressure
This chart shows the weekly candle chart of Coinbase stocks over the past two years. The figure overlays the high points of November 2021 and the golden section below them. As shown in the figure, the low points of Coinbase in May 2022 and January 2023 are both supported by the 2.382 level of the golden section in the figure. The double bottom pattern has been formed, and the future is likely to rebound strongly upwards! The strong pressure above is at the 1.618 position of the golden section in the graph, and the recent long short split is at its highest point this week, also at the 2.000 position of the golden section in the graph!
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).
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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!
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.
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)!
#Sofi $SofiAfter trading in a range from $4-$8 for the last 14 months, we find ourselves now with the possibility of turning the box marked with bulls into a support/buy zone. If we can get confirmation and continuation on this into next week or even just the markets hold up Monday i would expect at the LEAST to revisit the recent high. Making for a nice quick play. However in the BIGGER picture i think you could see a LOT more upside targets getting hit.
Updated Analysis of Tata Motors On 29-6-23Hi Traders,
This analysis is update of last posted predictions on this stock. Two cases have been mentioned . you just need to sync price action accordingly . For more detail check below.
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.
Short LILMNo clue what these people do, longed .5 and sold 1.16. Tight stop and may get blown out.....Will add with candle under MA
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 "
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.
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.
MCD McDonaldsbearish posture short term, just lost 50MA, vol profile favors a pull back to 275 which is also .618 Fib
Necklace Pattern Completed - "Aptech" Aptech has completed our theory of "Necklace Patter" beautifully! Its re-approaching it's life time high & may explode further. It'll be interesting to see how it reacts near its high.
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
Swing Trading Stocks - Reliance IndustriesThis Stock is one of heavy weights of Nifty. If Nifty has to perform, then this stock has to outperform its previous resistance. 2468 looks like a temporary rejection level, above that it would fly to take index at higher levels along with its pal "ITC"!
