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EXXON MOBIL: Another choppy month. Rally near Christmas.Exxon Mobil got rejected last Friday on the 1D MA200 and after the 1D MA50 rejection the week before, enters a dangerous territory of LL until it forms the bottom. The long term pattern is a Channel Up, who's rebounds and rejections are accuretelly depicted by the Fibonacci levels. Naturall the 1D timeframe is bearish (RSI = 36.689, MACD = 2.316, ADX = 38.647) and until we see HLows on the 1D RSI, we are not willing to turn bullish long term. We expect the rally to start close to Christmas, aiming at the top of the Channel (TP = 122.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:XOMLong
by InvestingScope
SP500 Sets to trend lowerGreetings, traders! Analyzing the Consolidation Phase of SP500's: The SP500 has been locked in a substantial consolidation period spanning the last 24 months. This extended consolidation often signifies a period of market indecision, with buyers and sellers in a tight tug-of-war. Such phases are crucial for traders as they often precede significant price movements. Bearish Harmonic Pattern: During this consolidation, a bearish harmonic pattern has emerged, casting shadows on the index’s future. Harmonic patterns, with their unique geometry, are potent indicators of potential trend reversals. Traders keen on technical analysis often scrutinize these patterns for hints on market direction. August - September - October Decline: A Sign of Bearish Momentum? A notable decline in August, followed by further lowering lows in September and October, underpins a growing bearish sentiment. These descending movements suggest a potential downward trend, capturing the attention of traders seeking short positions. Key Levels: 4200, 4000, and 3880 - The Battle Ahead: As the index hovers below the critical 4200 mark, traders are bracing for a challenging journey ahead. The next formidable support levels lie at 4000 and 3880. These levels, once breached, could trigger substantial market shifts, offering both peril and opportunity to astute traders. RSI: A Guiding Star in the Storm: Accompanying this price action, the Relative Strength Index (RSI) traces the market's movements. Notably, the RSI has carved a downward resistance line mirroring the index's descent. Savvy traders recognize this RSI trendline as a potential breakout signal, offering a glimmer of hope amidst the bearish landscape. The SP500's current position demands a nuanced approach, with meticulous attention to patterns, support levels, and RSI signals. Arm yourself with knowledge and strategic insight to navigate these uncertain waters successfully. As always, happy trading, and may your strategies be as resilient as the market itself!
OANDA:SPX500USD
by Vestinda
Palantir | Long | Saruman wants it backThis is a follow up of my previous Palantir analysis. (See related ideas). Read it if you want to know where i placed my buy orders. The original swing created a range in which price kept moving around (mostly above the 50%) - which indicates to me in general upwards strength. With the range high taken out, price constantly moved between the upper resistance level and the 50% before breaking down. As the range low was now taken out i see a retest of the 50% and or even break above it. A small obstacle to overcome is the lower resistance level - which i think will hold price for a short period of time down. A very conservative target to close the position atleast parts of the position would be the lower resistance level Additional: The orange markins are engulfs of range high or support / resistance levels Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
PLong
by a_tale_of_bulls_and_bears
6
Good-Buy STOCKS: HOODHi Traders, Investors and Speculators of Charts📈📉 After losing nearly 90% of it's high, NASDAQ:HOOD is currently trading close to all-time lows. This could make for a great buy and hold opportunity, whilst some patience may be needed to wait for ideal target zones. Higher lows are observed after bottoming out at $6, indicating that the bottom is most likely in for HOOD. In other words a spot entry here has a really low risk and high reward setup. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck NASDAQ:HOOD
NASDAQ:HOODLong
by CryptoCheck-
9
NVDIA: An unpopular opinion that won't win us any friends.NVIDIA has been perhaps the tech sector's best poster child for 2023 but (along with the rest of the market) has found itself on a two month pullback. Despite that, the technical outlook on the 1M timeframe remains heavily bullish (RSI = 63.906, MACD = 76.990, ADX = 41.089) due to the enormous logarithmic Channel Up it has been trading in over the years, with the 1M MA50 supporting through the Inflation correction, as well as COVID, Trade wars etc. As the title says, this is an unpopular idea that won't win any friends here but we may see this correction extend to at least near the 0.382 Fibonacci level (rounded estimate $300.00) as the 1M RSI got rejected near the seven year LH trend-line, which makes a giant bearish divergence. In any case, this chart is for the long term investor who is looking for year on year opportunities like this to enter on low risk. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDAShort
by InvestingScope
Metal Sector and its component Daily Timeframe analysisMetal Sector and its component are in correction phase NSE:CNXMETAL sectors NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM have created same structure as NIFTY50. NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM daily candle close below entry level. We can see all targets along with NIFTY50. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:JSWSTEELShort
by sugatmankar
SPY $400-$410 Support LevelNo need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart. Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the data or when the percentage differences between values are important. This is not the case, we are only looking at price change from 2020-2023. $400-$410 is a strong support level which I expect to hold, or at least bounce off of. However, this does not mean I expect the SP500 to break to new highs. Ultimately, I cannot predict whether we crash or break to new highs, but I would lean to lower lows. So be cautious here. I plan to open some cheap $420-$430 November calls under $410.
AMEX:SPYLong
by bishopknight
GME | Buy scenario | Wars and suchTLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past. In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade. Requirements: - Price breaks above TLI 1 - Open and close of a candle above S/R Level 1 - Buy on retest of TL 1 Stop- Loss: None (Longterm play) Target: Next big resistance level Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
NYSE:GMELong
by a_tale_of_bulls_and_bears
2
3M's net profit is up. What about its shares? 25/10/2023Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US average. Therefore, it will be interesting to look at the 3M Co. (NYSE: MMM) stock chart today. On the D1 timeframe, support has formed at 85.35, with resistance at 90.30. These levels are determined based on the price's highs and lows during the resulting downward trend. In addition, a "double bottom" trend change pattern has been formed. If the resistance level is broken through (the bar on D1 closes above 90.30), the stock price may rise to 108.37. On the H1 timeframe, after resistance at 90.30 is broken through, the short-term target for the price increase is around 98.09; while in the medium term, it could reach 108.37. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:MMM
by RoboMarkets
SPOTIFY: Enormous upside potential.Spotify opened on a huge price jump following the much better than expected EPS and is approaching the July 19th High (182.65). Technically it turned bullish on its 1D outlook (RSI = 65.875, MACD = 1.600, ADX = 16.057) and a new long term uptrend seems secured as yesterday's rebound started after a clear hit and bounce on the HL trendline. Price wise it looks like the arc pattern of November 2022-January 2023, which after the Resistance break, reached as high as the 2.0 Fibonacci extension. We have every reason to expect a similar long term rise to Fib 2.0 (TP = 235.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:SPOTLong
by InvestingScope
BKNG ↘️Hello Everyone 🙋🏽‍♂️ 🔴 2998.99 🟢 2622.66 🟢 2456.57 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
NASDAQ:BKNG
by EMA_Trading
META: Buy on the Channel's bottom.Meta is having a strong turnaround day after 7 sessions of decline inside the two month Channel Up. The 1D technical outlook is neutral (RSI = 53.876, MACD = 3.900, ADX = 28.237) and as the RSI S1 (46.50) is holding, today is a strong buy opportunity to target the Channel's top (TP = 345.00). If it drops more, we will make one last buy attempt at the bottom of the Channel Up, marginally over the 1D MA100. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
1
ORACLE: Channel Down bottom buyOracle is on a bearish 1D technical outlook (RSI = 31.499, MACD = -1.720, ADX = 20.020) almost oversold as (with the exception of Aug 29th-Sep 11th) it is trading inside a Channel Down and the price is almost on its bottom. The 1W MA50 may make contact with the price there. This is a buy opportunity regardless (RSI oversold) and our target is the top of the Channel (TP = 106.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:ORCLLong
by InvestingScope
1
GOOGLE: Next stop --> All Time High.Google maintains one of the steadiest trends of the year as not only does it remain on smooth bullish 1D technicals (RSI = 57.789, MACD = 1.700, ADX = 30.881) due to Channel Up 2 since June, but also it maintains Channel Up 1 since the start of the year. The 1D MACD indicates that the stock price has entered a 2 week consolidation phase, whose next leg up would be at least +20.52%, which is marginally over the All Time High (TP = 152.30). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope
Market Meltdown: Wall Street's Shocking Symphony Unveiled!In the heart of financial dynamics, where numbers narrate tales and markets hum a melody, we stand on the cusp of a riveting chapter. The surge in bond yields, the resonance of conflict in Gaza, and the corporate crescendos echo through Wall Street, crafting a narrative that captivates and challenges. As we step into this unfolding saga, each market movement becomes a note in a symphony—a symphony where every rise in bond yields, every geopolitical tremor, and every corporate revelation plays a crucial role. Join me as we unravel the Overture of Wall Street, decoding the melodies that shape the financial landscape and beckon us into the intriguing world of global finance. Bond Yields Surge: Unraveling the Threads of Economic Sentiment The recent surge in the benchmark 10-year U.S. Treasury yield, cresting above 4.9%, serves as a seismic event with far-reaching implications. Traditionally, higher yields spell caution for equity markets, diminishing the allure of stocks in comparison to the safety of fixed-income assets. The market's reaction, characterized by a 1.3% dip in the S&P 500, underscores the anxiety stemming from heightened borrowing costs for both corporations and households. This surge in bond yields is not merely a statistical blip; it's a harbinger of a delicate dance between the Federal Reserve and the broader economic landscape. The specter of swelling U.S. debt looms large, and as Bloomberg Economics warns, the increase in yields could act as a drag on economic growth, akin to the impact of a Fed rate hike. Geopolitical Turmoil: A Catalyst for Market Volatility The geopolitical tableau adds a layer of complexity, with the Gaza conflict acting as a catalyst. The deadly explosion at a Gaza hospital and the subsequent cancellation of a summit with Arab leaders have injected fresh uncertainties into the market psyche. Beyond the tragic human toll, the conflict reverberates through financial markets, notably elevating oil prices. Oil, the lifeblood of economies, rose nearly 2% to $91.50 a barrel. The Israel-Hamas conflict and optimistic outlooks for Chinese demand became twin engines propelling oil's ascent. Investors, already grappling with bond yield tremors, now face the added challenge of navigating an energy market rife with geopolitical uncertainties. Corporate Performance: A Tapestry of Triumphs and Tribulations Against this backdrop, corporate performances play a pivotal role in shaping market trajectories. Morgan Stanley's stock stumbled after reporting a drop in quarterly net income, emblematic of challenges within the financial sector. Simultaneously, Procter & Gamble's shares surged as the company reported a quarterly profit boost, underlining the impact of strategic pricing decisions in an inflationary environment. The corporate stage is set, with companies wielding the power to either fortify or erode market confidence. In the case of United Airlines, a 7% early decline in shares following a cut in year-end earnings forecasts exemplifies the tightrope walked by companies in a tumultuous market environment. Market Performance: A Symphony of Red and Green As the final notes of the market day resonated, the S&P 500, Nasdaq Composite, and Dow Industrials bore the weight of a 1.3%, 1.6%, and 1% decline, respectively. The Russell 2000, reflecting smaller companies, faced a more substantial 2.1% dip. This symphony of red underscores the impact of mixed corporate reports and the tightening grip of rising Treasury yields. The decline is not confined to domestic shores; the MSCI World index echoes the sentiment, falling in tandem with its U.S. counterparts. The markets, in their collective wisdom, are sending signals of caution, reacting to the interplay of global and domestic variables. Deciphering the Market's Sonnet In conclusion, Wall Street's current state is akin to a sonnet, weaving together verses of bond yield surges, geopolitical tumult, and corporate performances. Each stanza contributes to the larger narrative of market sentiment, reflecting the delicate balance between risk and reward. Investors must read between the lines, understanding that every rise in bond yields, every geopolitical tremor, and every corporate report shapes the verses of the market's sonnet. As we navigate these turbulent waters, an agile and discerning approach is paramount. The future remains unwritten, and while challenges abound, opportunities await those who can decipher the intricate melodies emanating from Wall Street's financial symphony.
EIGHTCAP:SPX500
by fardycurry
MICROSOFT: No buying before the Resistance breaks.Microsoft made an important bullish breakout as it crossed over the LH trend-line of the Falling Wedge last week and turned bullish on the 1D technical outlook (RSI = 58.105, MACD = 2.380, ADX = 32.602). The last sell signal is near the dotted top of a potential Channel Down pattern. As long as it holds, we are taking the sell and target the 1D MA200 (TP = 313.00). On the contrary, if the price closes over the R1 level (341.00) we will go long and target the R2 level (TP = 366.50). The fact that the 1D MA50 is holding is certainly a build up to a bullish trend potentially. As is the Bullish Cross on the 1D MACD, which by the way is on a Bullish Divergence (HL) against the LL of the stock price. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:MSFT
by InvestingScope
Spy spx500 $spy $spxLooks like we might be about to break this weekly uptrend to the downside. I'll be watching the big thick yellow line I tossed in for you. Please excuse all the extra mess on the charts, I've been playing with indicators and looking into coding my own this year if i can find the time. I'll be watching for a break this morning and beyond that all the other lines from prior week's charts are still acting as great lines of Support and Resistance that have been chartered out for you over prior weeks. I would not stop watching them when going up or down. I find that the lines I've given at random odd numbers seem to help let you catch S & R better than just thinking in round numbers and buying and selling blindly.
AMEX:SPY
by rarebreed29