ASI - Elliot Wave PatternThe completion of this pattern typically suggests that the market might enter a corrective phase or a new trend might begin. It’s crucial to keep an eye on the key support and resistance levels and be cautious about the potential market movements.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Stocktrading
Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs:
Click chart above to see the detailed analysis👆🏻
This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
AMD: Close to giving the signal for mega buy to $295.Advanced Micro Devices is about to test the 1D MA200 on very healthy bullish technicals on the 1D timeframe (RSI = 60.924, MACD = 3.070, ADX = 28.078). This chart is on the 1W timeframe which is still neutral (RSI = 52.205, MACD = -1.400, ADX = 23.295), meaning that if the 1D MA200 breaks, the market would still be significantly undervalued with strong upside potential. As shown the long term pattern is a Channel Up, with the Fibonacci levels explaining pressure zones. The two bullish waves of the Channel have remarkably been of the exact same rise (+143.89%). If the once that will be validated by the 1D MA200 crossing posts the same rally, we expect the 0.786 Fib Channel level to be reached and we will set our target accordingly.(TP = 295.00).
Perhaps the strongest reason to buy for the long term right now is the Bullish Cross on the 1W MACD (seen on the pane below the chart). This has been formed exactly on the two prior bottoms of the Channel on November 6th 2023 and November 14th 2022. Combined with the 1D MA200 breakout, this MACD formation is the mega buy signal we've been waiting for.
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NVDIA: Neutral but ready to breakout aggressively to the upside.NVDIA is neutral on its 1D technical outlook (RSI = 49.101, MACD = -0.300, ADX = 35.106) as it is trading exactly on its 1D MA50. The long term pattern has been a Channel Up for the past two years and having touched its bottom on the August low, we expect the price to have broken upwards within 3 weeks. The early signal for that will be the RSI crossing overs its LH trendline. TP = $230.00
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Looking very strong for shrot termStock is strong in bigger timeframes and small Timeframe is showing a support.
which indicate stock can achieve a good return in short term.
Todays price: 608
Stoploss: 566
Target: 802
Good risk reward
Disclaimer: This idea is for personal learning and no buy or sell recommendation.
Construction Partners (ROAD) Analysis Company Overview: Construction Partners NASDAQ:ROAD is strategically expanding its footprint in the southern U.S. through the acquisition of John G. Walton Construction Company, which enhances its market position in Mobile, Alabama. This acquisition not only adds valuable assets but also aligns with the company’s growth strategy, reinforcing its commitment to expanding its operational capabilities.
Key Catalysts:
Strategic Acquisition: The purchase of John G. Walton Construction is expected to create operational synergies and improve efficiencies, which could lead to enhanced profitability in a key market.
Market Presence: This move strengthens ROAD's presence in a vital geographic area, positioning it to capture more market share as infrastructure spending continues to grow in the region.
Institutional Confidence: The increased stakes from institutional investors like Dimensional Fund Advisors and Vanguard signal strong confidence in the company’s strategic direction and future growth potential.
Investment Outlook: Bullish Outlook: We are bullish on ROAD above $58.00-$59.00, reflecting optimism about the company’s operational enhancements and market expansion. Upside Potential: The target for ROAD is set at $85.00-$86.00, driven by anticipated growth from recent strategic initiatives and strong market dynamics.
🔨 ROAD—Building a Stronger Future Through Strategic Growth. #Construction #MarketExpansion #StrategicAcquisition
Intapp (INTA) AnalysisCompany Overview: Intapp NASDAQ:INTA is making strides in AI-powered solutions, with its partnership with Monarch acting as a key driver for improving operational efficiency and broadening its market reach. CEO John Hall has been vocal about the transformative role of AI in the company's strategy, positioning fiscal 2024 as a year of strong AI adoption. This could open up new avenues for growth, particularly in sectors that prioritize technological advancements in workflow and decision-making processes.
Key Catalysts:
Revenue Growth: In Q2, Intapp reported $114 million in revenue, reflecting a 21% year-over-year increase, which outperformed expectations and underscored the company’s solid growth momentum.
AI Integration: The strategic focus on AI development and partnerships, like the one with Monarch, is expected to enhance efficiency and drive client demand, particularly as AI becomes more ingrained in professional services and consulting sectors.
Market Expansion: Intapp’s ability to grow its market presence through AI innovations and its tailored solutions for sectors like legal, accounting, and financial services strengthens its competitive edge.
Investment Outlook: Bullish Outlook: We are bullish on INTA above $40.00-$41.00, viewing the stock as well-positioned for long-term growth, particularly as AI adoption increases across industries. Upside Potential: The upside target for INTA is set at $62.00-$63.00, supported by strong revenue growth and strategic initiatives in AI.
💡 INTA—Empowering the Future of Professional Services Through AI. #AIInnovation #RevenueGrowth #TechLeadership
WFC - Wells Fargo ABOVE 200SMA & 200EMANYSE:WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.
However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.
Volume it's increasing together with the price, highlighting the increase in demand
Rally Revved: Meta Shifts into High Gear After Rate CutsThe stock price has been on a wild ride this year, marked by significant volatility.
A clear Cup & Handle formation has emerged on the chart, suggested a potential continuation of the existing trend.
Following a successful breakout, the stock has maintained its position above the breakout level, demonstrating strength.
The price action suggests that the stock could potentially rally by 18-20% in the short term.
LTIM LONG BUY TRADE IDEALTIM long trade idea
buy signal/call
1. stock have completed a cup & handle kind of pattern
2. consolidation of considerable time period happend at this breakout level
3. us fed cut will benefit this stock
4. strong fundamentals
5. big investors with healthy holdings
buy @ 6450 SL @ 6200-6300 target 1 - @7000 target 2nd @7500 target 3 @ 8000 target 4 @ 8500
time period - around coming 3-9 months
NSE:LTIM
SWING IDEA - JAMMU AND KASHMIR BANKJ&K Bank is currently showing several technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below :
105 Zone as Strong Support : The 105 level has proven to be a significant support zone, providing a strong foundation for potential upward movement.
Bullish Engulfing Candle : A bullish engulfing candle that engulfed 29 daily candles has formed, indicating strong buying pressure and a potential reversal of the recent downtrend.
Sudden Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move, suggesting strong investor interest and participation.
0.5 Fibonacci Support : The price is bouncing off the 0.5 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend.
Target - 135 // 150
Stoploss - Daily close below 104
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Telephone and Data Systems (TDS) Analysis Company Overview: Telephone and Data Systems NYSE:TDS is actively expanding its fiber and broadband infrastructure, positioning itself for future growth in a high-demand sector. The company’s recent investments are paying off, with steady growth in its service addresses and strong financial performance.
Key Catalysts:
Fiber Expansion: TDS added 28,000 marketable fiber addresses in Q1 2024, increasing its fiber footprint significantly. The company has grown its service addresses by 12% year-over-year, reaching 1.7 million addresses, a key driver of its future revenue growth.
CEO Confidence: CEO Leroy Carlson has expressed optimism regarding TDS’s growth prospects, particularly emphasizing the company's strategic investments in broadband infrastructure.
Financial Performance: In Q2, TDS demonstrated strong financial health, with ARPU (Average Revenue Per User) growth, better cost management, and higher free cash flow, all of which enhance its earnings potential in the coming quarters.
Investment Outlook: Bullish Outlook: We are bullish on TDS above the $19.00-$20.00 range. Upside Potential: The upside target for TDS is set at $30.00-$31.00, driven by its expanding fiber infrastructure, solid financial performance, and the strategic broadband investments that position the company for long-term growth.
📡 TDS—Leading the Fiber and Broadband Revolution. #FiberExpansion #BroadbandGrowth #TDSInvestments 💡
Walmart Stock $WMT expecting a decent rally in September 2024Walmart Stock #WMT is trying to rally as it reacts to a daily demand imbalance at $78.84. Expecting a decent rally from this level. Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries.
META: Targeting $700 at least by the end of the year.META platforms is bullish on its 1D technical outlook (RSI = 63.256, MACD = 7.090, ADX = 26.657) as it is making a healthy rebound on the 1D MA50. The 1 year Channel Up is posting recurring phases inside it and at the moment we are on similar grounds as early December 2023. Even the 1D RSI is identical between phases. Technically that suggests that the Channel Up can top on a HH after a +92% rise from the bottom but having the 0.618 Fibonacci level as a clear Rising Resistance, we will settle for a TP = 700.00 by the end of the year.
See how our prior idea has worked out:
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Shanghai Stock Exchange - MACRO OUTLOOK DANGER!!SSE Composite Index
Macro timeframe has just confirmed a bearish trend incoming.
Expiry set for October 2026 with macro targets of $2,000 - $1,700.
Short term we may take the lows of $2,600's followed by a dead cat bounce toward $3,000's and macro bearish structure will remain the same. Macro bearish idea invalidation upon a strong close above $3,200.
Comprehensive Analysis of Chevron (CVX) - 16/09/2024Chevron (CVX) is an established energy company listed in the S&P 500 index.
Technical Analysis: I use moving averages as zones rather than lines. On the weekly chart, I applied the 200 EMA and 200 SMA, shading the area between them in orange to create a moving average zone. Currently, prices are finding support in this zone on the weekly chart.
Additionally, the $140 level acts as a demand zone and creates confluence.
On the daily chart, the ATR-based Keltner Channels are touching the lower band, indicating that downside volatility has reached its natural limits. There is also a bullish order block present.
On the 4-hour chart, I use the Inverse Fisher RSI. It filters out noise and provides fewer false signals compared to the standard RSI.
On the 1-hour chart, there is a noticeable decline in volume. Remember, without volume, it is difficult to break through support or resistance levels. From a technical standpoint, different timeframes are giving BUY signals.
Fundamental Analysis: The company has a price-to-earnings ratio of 13.81, which is considered normal for the sector. In the last quarter, Chevron reported total revenue of $49.66 billion and a net profit of $4.43 billion, resulting in a 9% profit margin, which meets my no-loss rule.
Chevron has strong return on equity, and growth continues. Its current ratio is 1.16, meaning its short-term assets exceed its liabilities, indicating financial stability.
The price-to-book ratio is 1.60, which is excellent for a company of this size.
Chevron's total assets stand at $260 billion, while total liabilities are around $100 billion, meaning the company's debt-to-assets ratio is 38.51%, which is highly acceptable.
The company’s annual dividend yield is 4.55%, providing a potential bonus for long-term investors.
With CVX trading near its 52-week low and showing positive signals, it could be a good choice for portfolio managers.
GOOGLE.... Go Long!After the bullish BOS, sweeping all of the external liquidity, price returned to the breakout level to find support at the +FVG.
Also worth mentioning, price retraced to the OTE fib level of .705, as well.
The reaction is a good one, as last week's candle had a strong, bullish close.
The outlook is bullish. Longs only.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
MSFT Daily OverviewMICROSOFT remains one of my favourite instruments in STOCK TRADING.
I've always enjoyed watching it's price movements, I believe it has remained a solid investment consistently.
Right now I believe Microsoft is about to start recovering from it's recent drawdown and start to move bullish after it hit a major RESISTANCE zone.
We will do further analysis on this instrument once more bars are printed!