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Technical Analysis of QCOMOverview of the Stock and Recent Price Action QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024. Step-by-Step Analysis 1. Trendlines and Channels Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment. 2. Fibonacci Retracement Levels Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times. Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months. 3. Volume Analysis There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods. 4. Indicators and Events Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports. Potential Price Movement Bullish Scenario Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend. Stop Loss: Below $160 to limit downside risk. Profit Target: The next target would be in the $180-$190 range. Bearish Scenario Entry Point: A failure to hold the $160 support level could lead to further declines. Stop Loss: Above recent highs to avoid false breakdowns. Profit Target: The next support level would be around $150. Conclusion QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
NASDAQ:QCOM
by stocktechbot
Why This Forex Pair Will Go Up In 3 Steps Trading the forex markets Is viewed as hard and that's okay Listen on average The strike price or your position Size should not be more Than $100 that's if you are Trading options Now it depends with what broker You are using but to be honest If you want liquidity then that's The strike price I would use. Sadly the liquidity in forex markets Are very low thats most Forex brokers offer high margin Remember each market is different It will take time to know them.. This chart follows the 🚀 Rocket Booster Strategy: 1.The price has to be above the 50 EMA 2.The price has to be above the 200 EMA 3.The price to gap up in a trend The last step is tricky because it involves crowd psychology..so you will have to learn more... Rocket boost this content to learn more. Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Long
by lubosi
1
Little rally to trap everyone? Then were caught holding the bag?10-11 expiration for NVDA has way to much open interest at 120 - 130 levels. 118 looks more realistic. I think we can see a climb to 120-130 early in the week and a huge sell off to 118 to end the week. If this happens, it opens the door to max pain of 112 - 113 by 10/18. There are going to be so many traps this months and I think were all in the middle of one now. Inversely, my theory above could be a trap as well haha. If this is truly a blow off top, $149 -$150 is my absolute peak.
NASDAQ:NVDAShort
by LeapTrades
12
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
Technical Analysis of ADA/USDTIntroduction In this blog post, we will analyze the trading chart of ADA/USDT to identify potential buying or selling opportunities. Technical analysis is a crucial tool for traders, helping to predict future price movements based on historical data and market patterns. Chart Analysis Trendlines The chart shows two primary trendlines: A descending trendline starting from the peak in April and extending to the current date, indicating a long-term downtrend. An ascending trendline starting from the low in June and extending to the current date, indicating a short-term uptrend. These trendlines form a symmetrical triangle pattern, suggesting a potential breakout or breakdown in the near future. Support and Resistance Levels Immediate Support: $0.3200, aligning with the lower boundary of the ascending trendline. Secondary Support: $0.3000, a psychological level and previous support zone. Strong Support: $0.2800, corresponding with a significant historical support zone. Immediate Resistance: $0.3600, the upper boundary of the current consolidation range. Secondary Resistance: $0.4000, near previous highs and a potential breakout target. Strong Resistance: $0.4400, a major psychological level and potential profit-taking zone. Anomalies and Divergences Volume Analysis: The volume bars show a significant spike in July, indicating strong buying interest at that time. However, the volume has been relatively low since then, suggesting a lack of strong conviction in the current price movements. Potential Breakout/Breakdown Points: The intersection of the descending and ascending trendlines suggests a potential breakout above $0.3600 or a breakdown below $0.3200. Risk and Reward Scenarios Bullish Scenario Entry Point: On a breakout above $0.3600 with strong volume. Stop Loss: $0.3400, just below recent support to limit downside risk. Profit Target: $0.4000, aligning with the next major resistance. Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.04. Bearish Scenario Entry Point: On a breakdown below $0.3200 with increased volume. Stop Loss: $0.3400, to protect against a false breakdown. Profit Target: $0.3000, the next support level. Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.02. Conclusion The analysis of ADA/USDT reveals several key points for traders to consider. The identified trendlines, support, and resistance levels provide a framework for setting entry and exit points. The anomalies and divergences highlight potential risks and opportunities. By understanding these elements, traders can make more informed decisions and optimize their trading strategies.
by stocktechbot
BTCUSDT. Selling and Buying StrategyHello traders and investors! It’s time for a new analysis, as all the targets from the previous analysis have been reached, and the situation has changed. Daily Timeframe Analysis As a reminder, on the daily timeframe, a sideways movement was formed on March 5 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 73,777. The buyer's vector 10-11 has reached its target at 72,797. At the end of the vector, a buyer's bar with increased volume was formed. Just below, a buyer's zone appeared (green rectangle on the chart, with the upper edge at 69,519). The price is currently testing this buyer's zone. We are waiting for the buyer's reaction. The seller's vector 11-12 is now relevant, with potential targets of 52,550 and 49,000. At the same time, there are some signs that the price could update the all-time high (ATH): The seller's vector 9-10 broke the lower boundary of the range (point 4), but vector 10-11 has not yet broken the upper boundary (point 7). 8H Timeframe Analysis On the 8-hour timeframe, a sideways movement was formed on July 29 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 71,997. The buyer's vector 5-6 successfully broke above the upper boundary of the range. At the end of this vector, a buyer's bar with increased volume was absorbed by the seller, who formed a seller's zone at the upper boundary of the range (red rectangle on the chart, with the lower edge at 71,864). The latest sub-impulse on the 8-hour timeframe started from the 65,596 level. A buyer's zone is located at the base of this sub-impulse (green rectangle on the chart, with the upper edge at 67,890). The price is currently testing the level of the previous sub-impulse's end at 68,850. We are waiting for the buyer's reaction. The seller's vector 6-7 is now relevant, with potential targets of 52,550 and 49,000. However, there are also signs that the price may update the ATH: the configuration of bars and volumes within the buyer's vector 5-6 shows that key volumes are located at the base of the vector. Summary On both the daily and 8-hour timeframes, the buyer's vectors within the ranges have played out. The seller's vectors are now relevant. The seller has begun to resume activity, and the price has entered a contextual buyer's zone. At the same time, there are signs on both the daily and 8-hour timeframes that the price could update the ATH. For this reason, it's advisable to look for short trades from the seller's zone protection on the 8-hour timeframe. It's also possible that the seller will form a seller's zone on the daily timeframe today if they absorb the buyer's bar from October 29. Looking for long trades is reasonable from the buyer's zone protection on the daily or 8-hour timeframe, for example, in the 66,000–68,000 range. Good luck with your trading and investments!
by AlexeyWolf
JYOTISTRUC :NSE RBC 9.5Y BO WTF/MTF POSITIONALJYOTISTRUC :NSE STOCK Analysis TRADE PLAN (DTF Close Price for POSITIONAL ENTRY - 36 50% Qty, Add 50% qty 47 DTF Close SL - 26.5 TARGET --01- 47.2 , TGT02-- 65.7 Hold For a1 +Year or TGT 2 Chart Pattern : STOCK had a 18 Month Streak to Touch an 9.5Y high of 32.3, forming a Rounding Cup Pattern.Quarterly Results Due next Week INDICATORS EMA : The Price is Currently Trading above 50EMA, and 20EMA is Above 50EMA in WTF. STOCK EMAs are currently in Ascending stage of alignment where this week a 15%+ price rise with considerable Volumes indicating start of a bullish Trend on WTF/MTF. FIBO/E : Currently the price is well above 50% FIBO Retracement Level, Entry can be take as per your risk ability. Safe Investors Enter above . Volumes: There is a surge in Volume on the Weekly Charts for1 Weeks after the few weeks Pullback. Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:JYOTISTRUCLong
by billpramod