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Planet 13 Holdings | PLNH | Long at $0.39The marijuana sector has taken a beating over the last few years, yet certain companies may provide value and dominate the space in the future. Enter Planet 13 Holdings $OTC:PLNH. This OTC play warrants extreme caution, though. It's either going to zero or could produce massive returns. My personal logic is not to bet the farm with any OTC play, but maybe an old goat ... and potentially buy the farm in the future. From a technical analysis perspective, my selected historical simple moving average (SMA) line is approaching the current price of $0.39. Frequently, as this SMA line and price get closer to each other, there is a pop in the price. Fundamentally, financial growth is anticipated. Financial highlights from the Q3 2024 report state that the company's revenue was $32.2 million as compared to $24.8 million, an increase of 29.7%. The increase in sales was driven by the addition of Florida as well as strong sales in Illinois. Gross profit was $16.7 million or 51.9% as compared to $11.1 million or 44.7%. Free cash flow: $108,807 million. Operationally, OTC:PLNH looks pretty good on paper. Marijuana legalization in the US is only going to expand. It's inevitable given the changing sentiment around the topic. If OTC:PLNH can do well in this space and is able to continue to grow, this ticker could get very interest. Thus, at $0.39, OTC:PLNH is in a personal buy zone. Target #1: $0.55 Target #2: $0.75 Target #3: $1.00 Target #4: $5.75 (very long-term outlook if legalization spreads...)
OTC:PLNHLong
by WorthlessViews
3 Scenarios for BitcoinWhen a trend of the peaks that Bitcoin has made since 2016 is taken, we see that after each peak that uses this trend as resistance, Bitcoin enters a correction process up to the HP filter. Bitcoin, which has done this 3 times in history, is doing it right now. In addition, when I apply a Fibonacci analysis to each correction, I clearly see that Bitcoin is currently in the Fibonacci target area of ​​the last bear season. There are 3 options for Bitcoin right now. Either it will break this trend for the first time and run without any corrections until at least $120k, or it will be rejected from the trend and pull back to $90k, which the HP filter will reach, and then try the trend once more. On the contrary, the worst case scenario is that it will close below the HP filter for the week and fall to $60k, which means bear season. Even if the bear season comes, I will switch to the buying side since I think Bitcoin will eventually reach $1m. Therefore, it does not matter how many dollars it is for me.
INDEX:BTCUSD
by YavuzAkbay
EUR/CHF Breaks Above Downtrend Line: What’s Next?The daily chart for the EUR/CHF pair has recently revealed a bullish movement, successfully breaking above its descending trend line. This development indicates a potential shift in market sentiment, occurring after the price touched a significant support level at 0.9250. The fact that the price has breached the downtrend line after reaching this support suggests a potential influx of buying pressure in the short term. Currently, the pair is trading near the horizontal resistance zone at 0.9400, which has been tested multiple times in the past. Possible Scenarios Buy Scenario: With the price having broken above the downtrend line, sustained trading above 0.9400 could signal a bullish move in the coming days. A stop loss could be placed around 0.9310 (approximately 90 pips below the current price). For a more conservative approach, a stop loss could be set below 0.9240 (about 160 pips). Take Profit Opportunities: TP1 at 0.9490, near the recent high (about 90 pips). TP2 at 0.9590, targeting the next resistance area (approximately 190 pips). Alternative Scenario: If the price fails to maintain itself above 0.9400 and retreats below the trend line, this could indicate a potential continuation of the downtrend. In such a case, a short entry could be evaluated around 0.9350: Stop Loss: Above the high of the previous candle, at around 0.9420 (approximately 70 pips). TP1: At 0.9250, which serves as significant support and a recent low (around 100 pips). Important Technical Factors to Note: Trend Line: The break of the descending trend line suggests a reduction in selling pressure. Resistance Zone: The area between 0.9400 and 0.9450 will be a critical test for buying strength. Strong Support: The 0.9257 level remains a crucial point that buyers have defended in prior downtrends. Fundamental Considerations Euro (EUR): The euro's strength is influenced by Eurozone economic data and the European Central Bank (ECB) decisions. The recent release of the Consumer Price Index (CPI), showing inflation at 2.2%, is close to the ECB’s target. This indicates that the ECB may adopt a dovish monetary policy in the short to medium term, which could negatively impact the euro's strength. EUR/CHF is at a pivotal technical crossroads. The break of the descending trend line supports a bullish outlook in the short term, with initial targets set at 0.9490 and 0.9590. However, a failure to overcome the current resistance could see sellers regain control, with possible targets around 0.9300 and 0.9257. Traders should closely monitor price reactions to these critical levels before entering positions. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
NASDAQ / Price at Critical Levels Amid Rate Decision SpeculationTechnical Analysis The price completed its correction to 21,900 and then pushed back up to the all-time high (ATH). Now, a drop toward 21,900 is possible, with a break below this level signaling a bearish zone. This movement will depend on Jerome Powell's speech and whether there is an indication of a rate decrease in the next meeting. A rate decrease would likely have a bullish impact on the indices. Conversely, if the price stabilizes above 22,120 with a confirmed 1-hour candle close, it would support a bullish trend toward 22,290 and 22,410. Key Levels: Pivot Point: 22120 Resistance Levels: 22230, 22400, 22510 Support Levels: 21900, 21770, 21620 Trend Outlook: - Bearish Momentum: Stability below 22,120 - Bullish Momentum: Stability above 22,120
OANDA:NAS100USD
by SroshMayi
US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410. So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%. due to the high volatility, we have a bullish correction till 44300 or 44410. Key Levels: Pivot Point: 44270 Resistance Levels: 44410, 44590, 44750 Support Levels: 43900, 43760, 43490 Trend Outlook: Bearish Momentum previous idea:
OANDA:US30USDShort
by SroshMayi
Heartland Express Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Heartland Express Inc. - Double Formation * 12.50 USD | Survey value Area | Subdivision 1 * Retracement 1 | Not Numbered | Subdivision 2 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation * 012345 | Waves Survey Valid * Retracement 2 | 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:HTLDShort
by TradePolitics
HelenP. I After reaching new ATH, Bitcoin can make correctionHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line and then rebounded and started to grow. Later, BTC reached a support level, which coincided with the support zone, and then some time traded in this area. Then the price broke the 90400 level, made a retest, and continued to grow, but when it reached 99300 points, after which made a correction. But soon, the price turned around and continued to grow to support 1, which coincided with the resistance zone. When BTC reached this level, it turned around and in a short time declined to the trend line. After this movement, BTC rebounded and made impulse up to support 1, thereby soon breaking it. Currently, the price trades inside the resistance zone, so, I expect BTCUSDT will rise a little higher this area. Then, the price can turn around and start to decline to the trend line. For this case, I set my goal at 100700 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
9
HelenP. I Gold can rebound from trend line and start to declineHi folks today I'm prepared for you Gold analytics. Some days ago price dropped from the support level, which coincided with the buyer zone to the trend line. Then it turned around and started to grow inside a triangle pattern, where Gold soon reached the 2615 support level. Next, the price broke this level, made a retest, and continued to move up to the resistance zone, which coincided with the resistance level. When XAU reached this zone, it later turned around and made a strong impulse down, breaking the resistance level and declining to the support level. After this movement, the price some time traded near this level and started to grow, but later it declined to the support level, which coincided with the trend line again. Later price turned around and made a strong impulse up to the resistance zone one more time, after which turned around and dropped to the trend line, which is the support line of the triangle as well. Recently price exited from this pattern and now trades below the trend line. In my opinion, XAUUSD will rebound from this line and start to decline. For this reason, I set my goal at the 2615 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Bitcoin's status on hourly timeframes (4H)Bitcoin is in an ascending channel on the hourly timeframes. It had reached the top of the channel, reacted, and has now dropped. There is a support zone that could push the price back up to the previous high. Closing a 4-hour candle below the invalidation level will invalidate this move and lead to further drops. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
GBPAUD Breakout Trendline: Long-Term Bullish ConfirmationThe GBPAUD pair shows signs of a significant trend shift after successfully breaking out of a long-term resistance trendline formed since 2001. Based on trendline analysis, the price consistently experienced pullbacks whenever it touched the resistance line. This pattern is illustrated on the chart with blue arrows indicating previous pullback areas. In the most recent movement, the price has successfully broken out of this resistance trendline, signaling a potential trend reversal from bearish to bullish. The breakout is marked on the chart with an orange box, followed by a retest marked with a green arrow, further solidifying the breakout zone as a key confirmation. Breaking through the major resistance signifies a significant change in market dynamics, where buying pressure has overcome the previously dominant selling pressure. Breakouts often trigger short-covering by sellers and attract buying interest from other traders, creating bullish momentum. The broken resistance area typically transforms into new support, providing a strong foundation for the continuation of the upward trend. After the breakout from the resistance area, the first bullish target is at the 2.05 resistance level, with further bullish potential towards the psychological level of 2.22. In a more optimistic scenario, the price could continue rising to the next long-term resistance at 2.40. To anticipate a false breakout, a stop loss can be placed below the 1.70 level or below the trendline. If the price moves back below the trendline, it would indicate a failed breakout and a potential continuation of the bearish trend. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always practice good risk management in every trading decision.
Long
by DNP-FX