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INTL closed above resistanceINTL has closed above the 0.382 fib level setting up my second entry along with two continuation gaps. I've placed my Buy order at 26.41, just above yesterdays high and my stop is at 21.36 which is just below the current swing low. INTL has a strong short term trend with the 8 ema above the 21 ema as well as the higher low and higher high. Price is currently in the very large gap of Aug 2024. INTL is a HIGHER risk trade for me based on the previous results. I think they will recover going forward but based on current results and I am underweight on INTL. If the 21 ema closes above the 89 ema i will look to add in again for the longer term trend.
NASDAQ:INTCLong
by WarrenCP
TG Therapeutics (TGTX) Analysis Company Overview: TG Therapeutics NASDAQ:TGTX is a biopharmaceutical company focused on developing and commercializing innovative treatments for B-cell diseases. The company's recent FDA approval of BRIUMVI for relapsing multiple sclerosis (RMS) marks a significant milestone, positioning TG Therapeutics to capitalize on a high-demand therapeutic area. Key Developments: FDA Approval of BRIUMVI: The approval of BRIUMVI for relapsing multiple sclerosis opens access to a substantial market, with nearly 1 million individuals in the U.S. affected by RMS. This provides a significant revenue opportunity, with BRIUMVI offering a new treatment option that has shown favorable efficacy, safety, and convenient dosing compared to existing therapies. Positive Market Reception: CEO Michael S. Weiss has expressed strong confidence in BRIUMVI's potential, noting positive feedback from both healthcare providers and patients. The drug's unique value proposition lies in its twice-yearly dosing, which is more convenient than the monthly or quarterly regimens offered by competitors, enhancing patient compliance and satisfaction. Pipeline and Future Growth: The successful launch of BRIUMVI is a testament to TG Therapeutics' ability to introduce novel treatments. This sets a strong foundation for future developments in B-cell disease therapies, as the company explores additional indications and expands its pipeline. BRIUMVI's performance in the market could pave the way for further advancements in TG Therapeutics' product offerings. Investment Outlook: Bullish Outlook: We are bullish on TGTX above the $21.00-$22.00 range, driven by the strong initial reception of BRIUMVI and its potential to capture a significant share of the RMS market. Upside Potential: Our price target for TG Therapeutics is set at $34.00-$35.00, reflecting the expected revenue growth from BRIUMVI and the company's strategic positioning in the biopharma sector. 🚀 TGTX—Leading the Way in B-cell Disease Therapies! #BiopharmaInnovation #MultipleSclerosis #NewTreatmentOptions
NASDAQ:TGTXLong
by Richtv_official
AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis: Channel Trend: AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion. Volume Analysis: Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal. Moving Averages: The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback. Key Support and Resistance Levels: Immediate Resistance: $212.25 (Recent high and upper channel boundary) Support Levels: First Support: $204.41 (previous breakout level) Second Support: $200.43 (psychological and strong support zone) Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate) MACD Analysis: MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase. Price Action Expectation: Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation. Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside. Conclusion: Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
NASDAQ:AMZN
by BullBear-Insights
TSLA Poised for Breakout or Reversal? Key Levels to Watch TomorrTechnical Analysis for TSLA (November 8, 2024) Tesla has shown strong bullish momentum recently, currently trading near a key resistance level on the 1-hour chart. With the overall market rallying, Tesla may be gearing up for a breakout, but caution is advised due to potential consolidation signs. Let's break down the critical levels and indicators that may help shape tomorrow’s trading plan. Key Observations: Trend and Momentum: TSLA has been on a steady uptrend, with price comfortably above short-term EMAs, indicating bullish sentiment. Both the 15 EMA and 50 EMA are angled upward, reinforcing the positive trend. Price action shows consolidation just below a critical resistance level, which could signal either a pause before a breakout or a potential reversal if resistance holds. Important Levels to Watch: Resistance: The immediate resistance is around $298.90 (current ask level). A breakout above this level, especially with strong volume, could push TSLA toward $300+ and potentially test $323.83, the high of this recent trend channel. Support: Key support levels to watch are around $290.01 and $273.51. If TSLA fails to break above $298.90 and pulls back, these levels may act as entry points for bulls, especially if buyers step in around $290. MACD and Volume Analysis: The MACD is showing signs of slowing momentum, which could hint at possible consolidation or a minor pullback. A bearish crossover on the MACD could signal caution, so keeping an eye on this indicator is essential. Volume has been relatively high during the recent uptrend, indicating solid participation. However, declining volume near resistance could be a signal of potential exhaustion. Price Action Strategy: Bullish Scenario: If TSLA breaks above $298.90 with high volume, it could suggest a continuation toward $310 and $323 levels. Look for a pullback to $290 or the breakout level for safer re-entry if the breakout is confirmed. Bearish Scenario: A failure to break above $298.90, coupled with a MACD bearish crossover, could indicate a pullback. Support around $290.01 could be a strong area to watch for a potential reversal if sentiment remains bullish. Suggested Approach: For Bulls: Look for a high-volume breakout above $298.90, or wait for a pullback to $290 to consider a long position with tighter risk management. For Bears: Watch for a rejection at $298.90 or a breakdown below $290, which may signal a short-term pullback, allowing entry at lower support levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
NASDAQ:TSLA
by BullBear-Insights
gamestop cup and handle whats next?this isnt the strongest pattern for vull continuation, but if it does follow through i expect well see $25 soon. if we dont continue the pattern ill look for a pullback to the $21 region. the stock seems like it is ready to make larger swings now that its held some form of a daily to weekly uptrend. were still battlign a bear trendline of resistance since the last large monthly move and subsequent volatility, but it seems to be subsiding somewhat. im looking at curred dPOC as the pattern pivot, and if we hold that level forming a range above open id look for the next market structure trailing stop area/VAH region to take profit long. if we break fown below dPOC and form bear momentum under the mPOC id look for lower POC and VAL to take profit short.
NYSE:GMELong
by cerealindicator
Uranium Energy is it right time to buy?Price Levels and Trends 1. Resistance Levels: $7.70: The price has faced resistance at this level recently. $7.68: Another resistance point that the price recently touched but failed to break. 2. Support Levels: $5.83: The current support level, which has held the price from falling further. $4.35: The next support level, indicating potential support if the price drops below $5.83. $2.40: A historical support level from previous years. $0.5792: A very low historical support level, indicating the minimum price over the chart's timeframe. Trend Analysis Uptrend Channel : The price is moving within an ascending channel, with higher highs and higher lows. The upper trendline acts as resistance while the lower trendline acts as support. Current Position : The price recently hit the upper resistance of the channel around $7.68-$7.70 and has retraced to the support level around $5.83. Indicators 1. Stochastic RSI: Current Value: The Stochastic RSI is around 62.61, indicating a neutral to slightly overbought condition. This suggests there might be some room for the price to move up before becoming overbought, but caution is warranted. 2. Cumulative Volume Delta (CVD): Current Value: The CVD is showing a significant negative value (-35.662M), indicating that selling pressure has been dominant. This could mean that despite price increases, sellers have been in control, potentially foreshadowing further price declines or consolidation.
AMEX:UEC
by Z4F4R
MBLY - Oct 24 Opening Sustainable MomentumTrade idea Price broke and closed above previous high. MBLY recently had promising earnings and is tied to Intel that is undergoing a revamp. This trade also ride the momentum from Trump's election win There was confluence as we saw Directional alignment across SPX + RUT + INTC + TSLA Opening Sustainable Momentum 🧑🏻‍🚀 Strategy Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %). Risk We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation. Current SL is at 0.25Fib Focus Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R. Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward. Character Trend, Positive Skew
NASDAQ:MBLYLong
by Ronin_trader
Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50. In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66. With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target. Follow on X @The_Trading_Mechanic for more electric insights and market strategies! NYSE:W
NYSE:WLong
by The_Trading_Mechanic
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37. Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term. NASDAQ:LULU
NASDAQ:LULULong
by The_Trading_Mechanic
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors. In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value. With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value. NYSE:UA
NYSE:UALong
by The_Trading_Mechanic
1
Pivot Point for SA? Bulls Ready to Take Over?If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart. Earnings is on the 15th so you would want to pay attention to that. The few areas of potential resistance to take note of are at 18 and 19. If SA gains momentum, I expect some pause or a pull back at 19 or 20.5 to help it gear up to break through to a new ATH.
NYSE:SALong
by emanuelaelias
$WULF: The Next Leader in the Crypto Mining Sector 🚀⛏️🚧Hello, everyone! We're excited about NASDAQ:WULF 's prospects among other crypto miners, standing out with its eco-friendly operations, profitability post-halving, and strategy to reduce debt without diluting shareholder value through ATM usage. The company's CEO has reassured investors of this commitment. Moreover, a significant short interest in NASDAQ:WULF could potentially propel its value dramatically. Currently, the price is at a crucial juncture, testing the hourly support. Should it break below, it might move to test the daily support level. Conversely, rebounding from the hourly support could set the stage for a climb towards the monthly resistance. Our initial milestone is overcoming the monthly resistance at around $3.70. Surpassing this, we aim for $8 followed by $17 as our subsequent targets. This outlook would be reconsidered if the hourly or daily indicators fall beneath the weekly, suggesting a need to reassess our stance. Stay tuned for updates, and best of luck to us all!
NASDAQ:WULFLong
by SierrasTrades
2