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Support and Resistance

Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting? Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025. Target #1 = $1.14 Target #2 = $1.30 Target #3 = $1.50 Target #4 = $1.63
NASDAQ:PRPLLong
by WorthlessViews
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term? Target #1 = $53.00 Target #2 = $60.00 Target #3 = $65.00 Target #4 = $68.00
NYSE:CVSLong
by WorthlessViews
Liberty Latin America | LILA | Long at $6.37Liberty Latin America NASDAQ:LILA is a leading telecommunications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands Flow, Liberty Communications, Más Móvil, BTC and Liberty Costa Rica. Insiders have been loading up shares after the recent drop post earnings, which got my attention. The company is expected to be profitable starting in 2025, but its stock has taken a tremendous hit over the past few years. On paper, the future looks bright for this large telecommunications company and it is trading at good value compared to peers and industry. From a technical analysis perspective, my selected historical simple moving average lines are connecting with the price (which often means a future breakout). The recent dip, based on the financials and insider buying, may be a hidden opportunity for a future run up and the stock consolidates. However, as always, stay cautious. Thus, at $6.37, NASDAQ:LILA is in a personal buy zone. Target #1 = $7.00 Target #2 = $8.00 Target #3 = $9.00 Target #4 = $10.00
NASDAQ:LILALong
by WorthlessViews
Lockheed Martin | LMT | Long at $472.00Lockheed Martin $NYSE:LMT. The war machine keeps turning... while there may some temporary "peace" with the new Trump administration, it is just never (unfortunately) permanent. The price has entered my historical simple moving average area. If there is a bounce, I expect it to be between the current price of $466.00 and $450.00. I've started a small position at $472.00 and will grab more shares if it hits $450. Now, if the aerospace and defensive industry goes through a downtrend with the new presidential administration, I expect the price to fill the daily price gap near the low $400s - which is only an even better bargain, in my opinion. Target #1 = $500.00 Target #2 = $535.00 Target #3 = $610.00
NYSE:LMTLong
by WorthlessViews
Teladoc Health | TDOC | Long at $9.91Teladoc Health NYSE:TDOC - Initial position started at $9.91 with the potential for the price gap in the $7's to be closed in the near future (likely another entry there unless fundamentals change) Pros: User base of over 90 million and growing Revenue grew from $555 million in 2019 to $2.6 billion through Q3 of 2024 Positive free cash flow since 2021 Low debt (debt to equity ratio around 1x) AI integration and partnership with Amazon and Brightline Historical simply moving average is approaching price, which often leads to a jump or change in downward momentum in the longer-term Cons: Currently unprofitable and not forecast to become profitable over the next 3 years Lots of insider selling and exercising of options No dividend Daily price gap in the $7 dollar range which may close prior to move up Targets through 2027 : $14.20 $20.00 $27.00 $35.00 $55.00 (long-term, positive outlook)
NYSE:TDOCLong
by WorthlessViews
1
100Pts Long on GOLD / 5R Multiple for DA HOUSE Recap!!COMEX:GC1! "2025 For a greater reward, we must go to the valley to CONQUER!!" -500KTrey Here in this video I have gone into great detail about our system; Confluence Profile 500K (Expectational Order-Flow + PA) 20pt Stop / 5R Run... Well DONE!! Enjoy. Stay Dedicated. Stay Focused. Seek Inspiration!! Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well an Abundance of low hanging fruit awaits us." -500KTrey +Shalom
COMEX_MINI:MGC1!
by TreyHighPwr
AAPL earnings next ThursdayApple Q1 earnings are on Thursday 1/30 at 4:30pm. Apple (AAPL) reported earnings of 1.64 per share on revenue of 94.93 billion for Q4 ending September 2024. The consensus earnings estimate was 1.49 per share on revenue of 94.48 billion. The company beat expectations by 0.61% while revenue grew 6.07% on a year-over-year basis. The company said during its conference call it expects Q1 revenue to grow in the low to mid-single digits, or revenue of approximately 120.77 billion to 128.54 billion with gross margins of 46.0% to 47.0%, which calculates to earnings of approximately 2.19 to 2.47 per share. This long AAPL trade idea is based off SMA200 support at 221, RSI is oversold and it's printing a bullish reversal hammer this morning. Therefore, it's a great long entry position with low risk & high probability, heading into earnings on next Thursday. Q1 consensus: EPS = 2.36 Revenue = 124.1 B SMA200 = 221 Trade idea: long = 222 stop = 219 profit = 240 Options data: 1/31 expiry Put Volume Total 10,866 Call Volume Total 25,128 Put/Call Volume Ratio 0.43 Put Open Interest Total 76,428 Call Open Interest Total 126,251 Put/Call Open Interest Ratio 0.61 2/21 expiry Put Volume Total 3,441 Call Volume Total 11,700 Put/Call Volume Ratio 0.29 Put Open Interest Total 224,398 Call Open Interest Total 315,905 Put/Call Open Interest Ratio 0.71 3/21 expiry Put Volume Total 2,008 Call Volume Total 12,900 Put/Call Volume Ratio 0.16 Put Open Interest Total 298,306 Call Open Interest Total 317,092 Put/Call Open Interest Ratio 0.94
NASDAQ:AAPLLong
by Options360
LTCUSDT - ASCENDING BREAKOUT FORMATION ? LITECOIN (LTC/USDT) Technical Analysis Pattern: Long-term ascending triangle formation with clear demand zone between 85-95 USDT Key Points: - Price currently at 116.25 USDT (-0.80%) - Strong demand zone established - Two major price targets identified: TP1: 188 USDT, TP2: 205 USDT - Volume showing increased interest at 117.82K Technical Setup: 1. Support: Ascending trendline from November lows 2. Resistance: Horizontal line around 130 USDT 3. Market structure suggests accumulation phase before potential breakout Risk Management: - Entry: Current levels after confirmation of demand zone hold - Stop Loss: Below demand zone (~78 USDT) - Risk/Reward ratio favorable for long position Important: This analysis is for educational purposes. Always conduct your own research and manage risk appropriately. #Litecoin #LTCUSDT #CryptoTrading #TechnicalAnalysis
Long
by Supachai-Taechapisit
#UPDATE FOR BTCUSDMy team and I are closely watching a potential bullish opportunity on the BTCUSD pair. The next step is to see when the price reaches our support zone and how it reacts. Stay tuned for more updates by following T-G . Before taking any step confirmation should be taken by analyzing more deeply in smaller time frame, when markets open. Remember, always use calculated stoploss for your trade. What are your thoughts? Share your insights below and let’s spark the discussion!
BITSTAMP:BTCUSDLong
by amywade6257
Gold : Bullish Outlook with Potential Correction Below 2757Gold Technical Analysis The price has perfectly reached our target of 2757, as mentioned previously. As long as the price trades above 2757, the bullish trend is expected to continue toward 2773 and then 2787 (ATH). A 4-hour candle close below 2757 would indicate a potential bearish correction toward 2739. Key Levels: Pivot Point: 2757 Resistance Levels: 2773, 2787 (ATH) Support Levels: 2747, 2739, 2722 Trend Outlook: Bullish Trend while above 2757 Bearish Trend if a 4-hour candle closes below 2757 previous idea:
OANDA:XAUUSDShort
by SroshMayi
Inverted Bull Hammer candlestick pattern (weekly chart)Nike has confluence with the RSI already going on up and both MACD and Signal line at the 0 line as well. Strong support is shown at the 70's level and already rebounding upwards, just like when Nike fell through mid 2024. The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower. The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears. Read more at: commodity.com
NYSE:NKELong
by Jordannicoli
5
Bitcoin Pulls Back After GainsBitcoin has experienced a slight pullback after two consecutive days of gains largely fueled by growing optimism about the pro-cryptocurrency stance of Donald Trump’s new administration. After hovering around $109,000 and encountering resistance near $107,000, the BTC/USD price dropped approximately 2% on Wednesday, trading at around $104k. However, I believe this negative move may be merely a technical pause as the market awaits more clarity from the White House. The main driver behind Bitcoin’s recent rally—starting nearly after Trump’s electoral victory in November—is the expectation of a clear and favorable regulatory framework for cryptocurrencies. Mark Uyeda, the new leader of the Securities and Exchange Commission (SEC), confirmed the formation of a task force dedicated to crafting specific guidelines for crypto assets, strengthening the conviction that the U.S. could position itself as the "global cryptocurrency capital." Another source of enthusiasm stems from the possibility of creating a national Bitcoin reserve, an idea that President Trump has highlighted as a strategic priority to maintain U.S. competitiveness against powers like China. Additionally, the recent presidential pardon of Ross Ulbricht, founder of Silk Road, has been interpreted as a sign of Trump’s administration’s determination to boost the crypto ecosystem. Simultaneously, the issuance of tokens linked to the president and the first lady, such as memecoins $TRUMP and $MELANIA, has sparked both notable speculative interest and serious ethical questions. However, their real impact lies in highlighting the growing influence of the Trump brand within the dynamic and expansive digital asset universe. In the medium term, projections remain optimistic, with institutional players maintaining a positive outlook and recommending the acquisition of cryptocurrencies during pullbacks, with ambitious price targets of up to $200,000 for Bitcoin. In this context, it’s worth noting that the market is also buoyed by strong optimism for more decisive institutional support. In my opinion, the recent downside movements do not invalidate Bitcoin’s positive outlook. If the Trump administration delivers on its promise to foster cryptocurrency growth—primarily through a clear regulatory framework and the establishment of a strategic reserve—Bitcoin’s price could likely reach new highs, heading toward $120,000 per unit in the short to medium term. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:BTCUSD
by Pepperstone
The NASDAQ is Approaching a Selling OpportunityCurrently, the NASDAQ is showing a strong uptrend on the daily chart, but the gap between the 3-day and 5-day moving averages has significantly widened. Even if the market opens with a gap up today, a pullback is likely due to this divergence, so chasing buys is not recommended. For selling at the top, consider these levels: 21940, 22040, and 22110. Especially near 22040, the resistance zone aligns with the upper Bollinger Band, making it a favorable level for selling. Following President Trump’s announcement of expanded AI infrastructure investments, AI-related stocks like NVIDIA have surged. However, it’s unlikely that the rally will continue significantly from this point. Additionally, the NASDAQ has already triggered a sell signal on the 30-minute chart, and this could cascade into sell signals on the 60-minute, 120-minute, and 240-minute charts. Be cautious about chasing long positions. For dip-buying opportunities, 21770, a previous resistance level, may serve as a good entry point if the market pulls back. Should the price drop to the 5-day moving average, 21630 would offer an even better buying opportunity. I post daily analysis on the NASDAQ, Crude Oil, and Gold. Follow me to receive these updates and stay informed! 😊
CME_MINI:NQ1!Short
by Futureguard
Unveiling Crypto Market Insights - What's next for BitcoinGM Market Enthusiasts! We’re excited to be back and posting! In today’s update, we’ll dive into Bitcoin’s recent price action and discuss what might be next for the world’s leading cryptocurrency. Price Action After trading within a range from March to October, Bitcoin began a strong uptrend, climbing steadily for over 10 weeks without any meaningful corrections. The first notable correction occurred in the second half of December, with Bitcoin retracing just under 20% from its local top of $108K, reached on December 17th. Currently, price action appears to have established key levels of support around 90k and resistance around $108k. On January 20th, Bitcoin tested resistance once again, briefly reaching a new all-time high (ATH) of $109.4K on Bitstamp, but failed to close above $108K. Will Bitcoin trade within this range of $90K–$108K? Could it break through resistance and continue price discovery? Or are we looking at the potential for a larger correction? We’d love to hear your thoughts! Share your predictions and analysis in the comments below.
BITSTAMP:BTCUSD
by Bitstamp
Semiconductor Index May Be Starting to MoveSemiconductors have outperformed by a wide margin since late 2023. Now, after a period of consolidation, some traders may expect the uptrend to continue. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the series of higher lows and lower highs since the summer. Prices began the year escaping to the upside and are now approaching their October peak. Clearing that level could be viewed as a potential breakout. Second, the 50-, 100- and 200-day simple moving averages are essentially on top of each other after months of sideways movement. Could that convergence open the door to expansion? Speaking of sideways movement, Rate of Change (set to 21 bars) in the lower study illustrates how SOX has more or less stopped moving over the last month. Finally, the news flow may help chips after Broadcom (No. 2 in the index) and Taiwan Semiconductor (No. 3 in the index) rallied on strong earnings. Expectations could remain positive as industry leader Nvidia ramps Blackwell production. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:SOX
by TradeStation
S&P 500 index Wave Analysis 22 January 2025 - S&P 500 index broke resistance levels 6000.00 and 6060.00 - Likely to rise to resistance level 6110.00 S&P 500 index recently broke the resistance levels 6000.00 (top of the previous minor correction) and 6060.00 (top of the previous wave B from December). The breakout of these resistance levels accelerated the active intermediate impulse sequence (3) from the start of January. Given the strong multi-month uptrend, S&P 500 index can be expected to rise to the next resistance level 6110.00, top of the previous impulse wave (1).
SP:SPXLong
by FxProGlobal
USCDAD Wave Analysis 22 January 2025 - USCDAD reversed from pivotal support level 1.4290 - Likely to rise to resistance level 1.4455 USCDAD currency pair recently reversed up from the pivotal support level 1.4290 (lower border of the sideways price range from December, which stopped previous waves A and (4)). The support level 1.4290 was also strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse from December. Given the clear daily uptrend, USCDAD currency pair can be expected to rise in the active impulse wave (5) to the next resistance level 1.4455 (upper border of the active sideways price range).
Long
by FxProGlobal
Nasdaq Futures: Key Levels and Intraday Strategies Today’s analysis of Nasdaq futures (Wednesday, January 22, 2025) highlights critical zones and actionable setups for both long and short trades. With significant liquidity areas and potential market shifts, this is a must-watch for day traders. 📈 Long Opportunities: Look for setups near 21,900–21,930, targeting 22,080 or higher. Additional opportunities below 21,860, aiming for strong rebounds to 22,100. 📉 Short Setups: Potential entries between 21,900–21,930, with a focus on key levels like 21,850 and 21,780. Aggressive setups below 21,780, targeting 21,560. 📊 Market Insights: While the overall trend remains bullish, we discuss how price reactions to liquidity zones can provide opportunities for both directions. Stay prepared for sharp moves and manage risks accordingly. 💬 Join our daily lives at 9:30 AM (NY time) for live market analysis and Q&A sessions. Let us know in the comments what other assets you’d like us to analyze or if you’re interested in swing trading strategies in future videos. 🔗 Subscribe now for expert trading insights, daily updates, and exclusive strategies. Take your trading to the next level today!
CME_MINI:MNQH2025Long
by BinvestorsTrading