Technology
NASDAQ pulling back - for nowAs per heads up given earlier, the NASDAQ stalled and is pulling back. The weekly candle is similar to a bearish harami, but should wait to see if this week continues the down draft. Am expecting a bounce around the 23-week EMA. But if it slices through, then it would be a ominous turn of events.
Technical indicators are somewhat bullish, hence expecting the bounce.
BTC - Wait For The Bulls! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
As per my trading plan, here are the two possible scenario where I will consider adding more longs to BTC:
📌Scenario 1: Short-Term
In the case of a Deep Bearish Correction, as BTC approaches the lower green demand zone and red trendline, I will be looking for buy setups on lower timeframes (like a broken structure, classic pattern, trendline break...)
This would be a short-term buy targeting the 25,000 resistance zone again.
📌 Scenario 2: Long-term
In this case, for the bulls to remain in control from a long-term perspective, we need a momentum break above 25,300
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Cisco Inc. (CSCO) bullish scenario:The technical figure Ascending Triangle can be found in the daily chart in the US company Cisco Systems, Inc. (CSCO). Cisco Systems Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. The Triangle broke through the resistance line on 17/02/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 7 days towards 52.35 USD. Your stop-loss order, according to experts, should be placed at 46.43 USD if you decide to enter this position.
Investors grew optimistic about Cisco's stock last week after the company reported non-GAAP (adjusted) earnings of $0.88 per share, which was an increase of 5% from the year-ago quarter and beat analysts' consensus estimate of $0.85.
The tech giant also impressed inventors with its second-quarter sales of $13.6 billion -- up 7% year over year -- which outpaced Wall Street's expectation of about $13.4 billion for the quarter.
Sales climbed higher due in part to the company's total software revenue rising 10% from the year-ago quarter to $4.2 billion. Cisco's management said on the company's earnings call that 84% of its software revenue is now subscription-based, up 4% from the year-ago quarter.
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NVDA Simple Chart AnalysisNVDA - Rst 230.16 Supp 209.27
Sideway play or support touch to rebound again? MACD looks weak as well. If there are no high candle break on the following week, you may standby your short position on this.
Intuit: Trust Your Gut 😊After it had started the ongoing descent so confidently at first, Intuit has been struggling in a sidewards movement. Now, the share should trust its gut and decide or rather intuit – pardon the pun! – to continue its journey to the south. We expect the course to drop below the support at $339.36, where it should complete wave B in green at about $303.29 before taking off again. Alternatively, Intuit could have already finished wave alt.B in green and thus climb above the resistance at $457.94 by now. We rate this alternative scenario with a probability of 38%.
TSLA Tesla Inc Congrats to those who played, nailed, and raked this free shot off of the stikstockitslive scanner. If you want to improve your accuracy, you must be in class everyday. For those who are working other jobs during open market times those entries set up perfectly for a small victory dance in the end zone. Keep up the fabulous work guys! Remember to keep improving your averages until you are to the penny entry. It makes all the difference in certain times.
-stikstockitslive
Texas Instruments (TXN) - Is the stock overvalued?About Texas Instruments
Texas Instruments (TXN) is a technology company that designs and manufactures a wide range of products, including analog and embedded processing chips. The company operates in two segments, Analog and Embedded Processing, and its products are used in various applications, including automotive, communication infrastructure, industrial, and personal electronics.
Strong financial performance in recent years
In recent years, Texas Instruments has seen strong financial performance, driven by strong demand for its products and increasing demand for its embedded processing solutions. The company has consistently delivered revenue and earnings growth, driven by its broad portfolio of products and its ability to continuously innovate and bring new products to market.
Is Texas Instruments (TXN) stock overvalued?
From a technical perspective, the stock price of Texas Instruments has been in an uptrend since the beginning of 2020, and has outperformed the S&P 500 index over that time period. The stock price has consistently made higher highs and higher lows, indicating strong bullish sentiment. In addition, the stock has consistently traded above its 200-day moving average, which is often used as a measure of long-term trend.
The Relative Strength Index (RSI) is a momentum oscillator that measures the strength of a stock's price action. The RSI for Texas Instruments is currently in bullish territory, indicating that the stock is overbought and may be due for a pullback. However, the RSI can remain in overbought territory for an extended period of time, so it is important to consider other technical indicators when making a trading decision.
One potential area of concern for the stock is its valuation. Texas Instruments currently trades at a premium to its historical valuation, which could indicate that the market is pricing in high expectations for future growth. In addition, the stock's price-to-earnings (P/E) ratio is higher than the industry average, which could make it vulnerable to a pullback if the company's earnings growth slows or if the market becomes more cautious.
Conclusion
In conclusion, Texas Instruments has demonstrated strong financial performance and technical strength in recent years. However, investors should be aware of the stock's elevated valuation and consider other factors, such as the company's earnings growth and the overall market sentiment, when making a trading decision. It is always recommended to consult with a financial advisor before making any investment decisions.
Disclaimer
Norvestio AS only offers analysis based on analyst estimates and historical data, and our articles are never meant to be taken as financial advice. It doesn’t represent an advice to buy or sell any stock, and it doesn’t take into consideration your goals or financial position.
NASDAQ on the verge of retracementNot saying that the NASDAQ might not have a blow off top, but the lower high and the stalling and the candlestick patterns suggest that there is a break down incoming. MACD levelled off and is retracing already.
Likely a reversion to mean retracement, and breaking down below 11,355 (the TDST) is bad news...
Let's see
Airbnb: Vacation Ready 🌴🌞After finishing up the turquoise wave 1, the Airbnb stock should get some rest and drop into a correction to reach the turquoise target zone between $101.66 and $90.36. Within this zone, we expect the corrective low of the turquoise wave 2, which is followed by an upwards trend back North. Our alternative scenario with a probability of 35% implies, that the course could drop below the support line at $81.91 and continue with a downwards slope until hitting the low of the grey wave alt. II in the grey target zone.
what would continuation toward contango look like?spot is having a time catching up with price, and this is one of my favorite derivatives. if the turnaround is going to continue to break out, and we pull back to a comfortable level keeping the uptrend daily i would follow the uptrend with leverage. im excited about the current daily pattern being a sign that a snap back to the bulls could happen tuesday, and im also excited about a lot of potential shorts of equity in the index. im just as excited about going long around emas and trendlines holding bull in the overall index. using fib im aiming for bear weekly highs as well as the 1 and the 1.618 as long as we are beating the regressive bottom and accute trend angle.
BTC Detailed Top-Down Analysis - Day 129Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SQQQ Simple Chart AnalysisSQQQ - Rst 40.17 Supp 33.2
Vice versa of TQQQ, current chart looks supported here. So if Nasdaq retrace, this will rise.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
AAPL Take a bite out of the big aapl.03 contracts going bonkers today on dailies. Entry was early morning at open or within minutes of the open field. Shares from 141 very well protected. Get your live hedge fund money every single day we trade. Tesla was called at $105 for entry. You can't make this up. No one can compete with the crew. We are going to start a private money hedge soon if more don't realize the potential. Acquire the licensing and gone
--stikstockitslive
MATIC - Still Strong!💪Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached on the chart), we have been waiting for MATIC to approach the blue support 0.7 to look for buy setups.
MATIC rejected the support, traded higher and now approaching the green resistance around 1.3
For the bulls to remain in control, and take over long-term, we need an aggressive break above 1.4
Meanwhile, we are bullish trading inside the orange channel.
UNLESS , the bears kick in, which would be confirmed by breaking below the orange channel and last major low from H4, then a bearish correction would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Sunview Simple Chart AnalysisSunview - Rst 0.645 Supp 0.515
Very likely a repeating pattern here. Base on the movement, it will retest 0.645 level again.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
what would a turnaround in tsla look likeim using the same lines i did when i was short. im just switching directions. this is a companion post to related idea. all ma and oscillators are also bullish here, leading to the conjecture continuation is likely along trend lines and the following swing based strategy using these support and resistance is feasable.