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Federal Bank Breakout: Strong Bullish MomentumFederal Bank has been following an ascending trend line, indicating a consistent upward movement. Recently, the stock has broken out above this trend line with significant volume, confirming a bullish momentum. Breakouts from such patterns typically signal strong potential for further upward movement. Trade Setup: SL: 177 TP: 195 This setup provides a strategic entry with well-defined risk management to capitalize on the bullish trend in Federal Bank.
NSE:FEDERALBNKLong
by GlobalMarketGuru
Glenmark Pharma (NSE) Bullish Trend with Resistance BreakGlenmark Pharma has demonstrated strong bullish momentum, breaking above a significant resistance level at 1263.20. The uptrend is supported by a well-defined ascending trendline, indicating continued upward movement. The stock's volume has also shown a noticeable increase during the breakout, further confirming the bullish sentiment. Trade Setup: Stop Loss (SL): 1250 Take Profit (TP): 1400 Glenmark Pharma's technical breakout, supported by increased volume and a strong uptrend, makes it a promising buy. Follow us to get the latest updates.
NSE:GLENMARKLong
by GlobalMarketGuru
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction. Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible. Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTrading
Editors' picks
NASDAQ:NVDAShort
by basictradingtv
50
Comfort Systems USA (FIX) Analysis Benefiting from Macro Trends: Comfort Systems USA NYSE:FIX , specializing in HVAC services, stands to benefit significantly from key macroeconomic trends. The post-pandemic surge in nonresidential construction, especially in manufacturing, driven by initiatives like the CHIPS and Science Act of 2022, creates substantial opportunities for the company. Strategic Positioning: The CHIPS Act and supply chain challenges emphasize local sourcing, particularly for semiconductors, positioning Comfort Systems favorably amid this strategic shift. Geopolitical and demographic trends, coupled with advancements in industrial software and automation, further support reshoring and domestic technological investments, enhancing Comfort Systems' growth prospects. Investment Outlook: Bullish Outlook: We are bullish on FIX above the $275.00-$277.00 range. Upside Potential: With an upside target set at $445.00-$450.00, investors should consider Comfort Systems' strategic alignment with macroeconomic trends and its strong position in HVAC services as key drivers for potential stock appreciation. 📊🔧 Stay informed about Comfort Systems USA for promising investment opportunities! #FIX #HVACServices 🌐🛠️
NYSE:FIXLong
by Richtv_official
Amazon - Breakdown of the breakout!NASDAQ:AMZN is definitely ready for a major bullish (triangle) breakout. Here we have a textbook example of a bullish stock. Amazon's stock chart is simply moving from bottom left to top right. Of course there are minor corrections here and there, but the trend is clearly higher. For the past four months, Amazon has been hugging a horizontal resistance level and is preparing a bullish breakout. This will certainly become a decent break and retest setup. Levels to watch: $185 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMZNLong
by basictradingtv
9
Marriott International Share Price Prediction {25/june/2024}Educational Analysis says Marriott International may move in this range for some time according to my technical. Broker - This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, maybe long for the premium level in the 4-hour time frame, plus 1 min time frame has turned bullish also has Change of Character look on Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
NASDAQ:MAR
by VishalBudhrani
1
Altair Engineering (ALTR) AnalysisGrowth and Market Position: Altair Engineering NASDAQ:ALTR , an AI company specializing in software and cloud solutions, has seen significant growth following its inclusion in the S&P MidCap 400 index. This inclusion typically attracts increased institutional buying, indicating a potential long-term uptrend. Institutional Confidence: Institutions have notably increased their stakes in ALTR. Harvest Fund Management Co. Ltd. boosted its position by over 1,157% in the fourth quarter, and Natixis Investment Managers International acquired additional shares, reflecting growing confidence in Altair's future. Analyst Support: Analysts are also bullish on ALTR. Needham & Company reaffirmed a "Buy" rating with a $100.00 price target, and JP Morgan Chase & Co raised their target to $95.00 with an "Overweight" rating. Financial Performance: Altair's recent financial performance is strong, reporting quarterly revenue of $172.91 million, surpassing the consensus estimate of $169.29 million. Investment Outlook: Bullish Outlook: We are bullish on ALTR above the $79.00-$80.00 range. Upside Potential: With a target set at $115.00-$117.00, investors should consider Altair's strategic positioning, robust institutional interest, and positive analyst outlooks as key drivers for potential stock growth. 📊🤖 Keep an eye on Altair Engineering for promising investment opportunities! #ALTR #AIFintech 📈🔍
NASDAQ:ALTRLong
by Richtv_official
ZOOM 70 % rally comingZOOM remains bearish. Last week we had both bearish engulfing weekly and monthly close. We expect the downtrend to continue and retest lows from 2019. After that if we get bullish divergences, it may be the time to accumulate zoom stock. If we break below previous all time lows, new lows may be coming as the price will enter the discovery mode to the downside therefore it´s important to set up the stop loss. Entry, target and stop loss are shown in the chart.
NASDAQ:ZMLong
by vf_investment
14
Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference. Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday. "We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures." Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio. On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting. Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner. "AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
NYSE:ULong
by moonypto
4
SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194. R2 5500 – Round Number – Strong R1 5450 – 7 June/Record high – Medium S1 5321 – 7 June low – Medium S2 5194 – 31 May low – Strong US SPX 500 – fundamental overview Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:SPX500
by BlackBull_Markets