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Alibaba seems to be mimicking itself in the runup to Trump 2016This is just something I noticed the other day when NYSE:BABA took off ... how crisply its price action has lined up with the last election, and how the uptrend seemed to start just a tad early, almost like the market knew in advance Trump would win that election. This time, we've similarly put in a longer base, with a higher low, and also broken above 2 visible pivot highs once again. Why would this be a thing? IDK. And maybe it's not. It could lead to a head fake or something. I don't have a position on it yet, but I will be watching this retrace and looking for an entry I recognize, and meanwhile I thought it was interesting enough to share. -Josiah Easycators.com/RelVol X thread on NYSE:BABA analog: x.com
NYSE:BABALong
by easycators
Post Earnings $SMR - Two Scenarios Personal Current view on $ NYSE:SMR stock as a long holder: Considering the uptrend channel seen, a bounce from 16-17$ area back to 19$-20's$ should imply that the bullish uptrend is not over yet. Despite this running up due to news mainly, a positive earnings would give more confidence to investors. Another aspect is if trump wins, this could see more potential and here is why in the next paragraph. Trump vs. Harris Scenarios on nuclear energy: Donald Trump: During his presidency, Trump promoted an "all-of-the-above" energy policy, which included strong support for nuclear power. His administration implemented measures to support the nuclear industry, such as proposing funding for research in advanced nuclear reactors and exploring ways to keep existing nuclear plants operational. The Trump administration saw nuclear energy as a way to boost U.S. energy independence and cut carbon emissions, while also enhancing the U.S. nuclear industry's competitiveness against countries like Russia and China. Kamala Harris: Harris has generally supported a shift toward renewable energy (like solar and wind) as part of addressing climate change, aligning with the Democratic Party's focus on green energy. While she hasn’t opposed nuclear power outright, she has emphasized a preference for renewables. However, as Vice President under Joe Biden, she has supported the administration’s clean energy goals, which include nuclear power as a low-carbon energy source in their policy mix. The Biden administration has provided funding to keep existing nuclear plants running and to research advanced nuclear technology. Another factor to consider is that NuScale is "the only SMR certified by the U.S. Nuclear Regulatory Commission." But also, "Standard Design Approval application under review by the U.S. Nuclear Regulatory Commission and remains on track for mid-year 2025 completion, as scheduled." So on the long run this can be promising if they managed to get all paper work done. Back to the analysis, if we don't see a bounce back to 20$ then its going to have major resistance at first previous outbreak around 10$. Worthy of mentioning, on the 30mins / 1 hour timeframes there were divergences detected indicating a bullish signal again, but due to vagueness of election results and negative sentiment the stock has seen tight hold around 18$ till date of this post. Not a financial advisor or even close to a trader, just a swing trading hobbyist who wants to learn more about trading
NYSE:SMRLong
by Xx_DarkSoul56_xX
$WMT Rising Wedge 6hWalmart has been insanely bullish these last few months following its double beat on recent earnings, now the price action has sort of slowed and has been ranging bullish but is starting to form a rising wedge pattern. I want to keep NYSE:WMT on watch for a breakdown before its earnings report on November 19th. If we can break below the $81.54 to hit the 50% retracement first than continue lower to the first target $80.61 than continue to main target at $79.36
NYSE:WMTShort
by NateTradesStonks
$COIN 4D Setup.With bitcoin’s recent all time high attempt Coinbase and the blockchain sector saw a strong rally followed by a strong reject, in that time NASDAQ:COIN saw a reject from its wedge resistance than reported earnings all leading to a strong rejection. Now I’ll be watching for 2 scenarios which is likely to play out within the next few weeks rather than days although it could play out this week we re more likely to see volatility. The bearish scenario is a breakdown from wedge support to bounce off the $161.32 then sell lower to target $118.44 - $140.83. The bullish scenario is a jump back to wedge resistance where I’d be cautious of longing right away but rather waiting for a complete break above the wedge resistance & potentially even the $223.58 to target first the $239.09 than the main target $261.12
NASDAQ:COIN
by NateTradesStonks
Tesla: Wave [iii] Impulsive Move!Over the past two weeks, Tesla’s stock saw a sharp uptrend followed by a sell-off. We consider the low of the magenta wave as settled and now anticipate a five-part impulsive movement during the magenta wave . Regarding the subwave count, there is more room on the downside for the blue wave (ii), before the subsequent wave (iii) should surpass the resistance at $271. However, in our 30% likely alternative scenario, renewed selling pressure could push the stock below the $167.41 mark and thus toward a new low of the blue wave alt.(II).
NASDAQ:TSLA
by MarketIntel