Garmin Short (Bearish Divergence)Short here on Garmin - very bearish RSI divergence.Shortby ZenDegen1
ready to cross 100 First target 100 , Second 105Based on macd and SMA ready to cross 100 soon. Simple moving average is ready to cross 100 supported by MACD alsoLongby pvikas71695110
NQ Futures - Short the pops. We're Getting Closer.SEED_ALEXDRAYM_SHORTINTEREST2:NQ NQ futures are retracing last week's NUKE session, which isn't too much of a surprise considering the amount of sold off. Typical weekly move is 1 price block (500 pts), and if I recall correctly, it went through 2 and some change, so it's simply recovering some losses. Now, that said, you don't want to recover 100% of it, if you're a bear, but you do want an optimal re-entry if you closed your shorts. I think that's what they're waiting for. At least recovering one price block, before we move back to the bottom of that same price block by the end of the week or sitting mid way between it, as all eyes are on the following week, FOMC meeting. Use the 200 EMA on the 4 hr or less, and the 50 EMA on daily and above for futures. Individual stocks, method seems to work best utilizing the 50 EMA. Happy Trading.Short14:12by The_GoldFinch0
Tesla 245 on CardsI see tesla in uptrend now in 30 min 1 hr 4 hr chart it started making HL HH. And left a recent gap between 235 and 246 I Believe it will fill the gap and continue the trend before the Elections After the election we don't know. My target in this is based on Levels and current momentum. It also gave breakout on hourly chart. Longby viratarya4
Gold Mining Coming Up??NYSE:FCX With the option Flow coming in this gave us a bullish bias on the stock. After the trader placed his trade the markets drove the stock down which is max pain. The quicker the market maker drives the stock against the trader, the higher the chance of the trade going in their direction. While going through NYSE:FCX 's option chain we have 2 major put walls, the $40 and $40.5 strike giving more of a reason to move the stock higher. For the technicals the stock created a technical bottom and a liquidation bottom indicating the stock is ready to move higher!Longby OakFDom0
AAOI Triple + TopTriple + top on AAOI at 13. Rejected again today, trading down 3.88%. Since earnings in August, AAOI has been up over 80%. Looking for a pull back to 10 which is the .5 Fib retracement.Shortby Swing_Trade_Charts0
T. Rowe Price Analysis 9/10Disclosure: As of 09/10/2024 I am long T. Rowe Price shares ticker NASDAQ:TROW T. Rowe Price is an investment management company operating in the mutual funds, retirement plans, and investment management business areas. Management Effectiveness: T. Rowe Price has been around for many years and management has consistently managed to grow assets under management, and provide good returns for the firm as well as their clients. The company's return on assets is very good, never dropping below 10% even in the financial crisis of 2008. The company has minimal debt, and an excellent balance sheet. With a business like this the concern is valuation, all the fundamentals and the trend of growing assets as workers contribute to retirement plans will continue well into the future. With a company like this a very long holding period should be expected. As a holding in a retirement, or tax advantaged account T. Rowe Price is very attractive at the right valuations. The idea is to let the earnings compound over a period of decades. Please keep this in mind if you decide to add this company to your portfolio. Looking at the current valuations the combined earnings and dividend yield is nearly 13%. With stable revenue growth, asset growth, and very little downside in the way of tail risks this business is a buy for me at anything below $110 per share. My personal expected return on this is between 15%-17% annually with a holding period of 20-50 years to allow the returns to compound internally with the business.Longby sihen9992
TSLA Bear FlagThis is a shorter term bear flag on TSLA, different from my previous idea with a longer term pattern. I still think it's unclear whether TSLA can break above that major trendline from ATH in 2021 for good or not. This bear flag would suggest we may see downside in the shorter term, but we'll have to see what happens after CPI. Tomorrow should be interesting.Shortby AdvancedPlays1
Lucid: Between Ambition and Reality - A Potential Scenario In our previous report, we highlighted the importance of the 3.40 USD support level during the current correction wave, during which the company formed five waves as an indication of the beginning of a general trend reversal. Between shareholders' ambitions and the company's financial performance, we expect a positive price movement supported by the company's quarterly results, provided they come out positively. Additionally, the official announcement of the Lucid "Gravity," which is expected to boost the company's financial performance once it hits the market in 2025, could make that year the long-awaited optimistic one. However, the stock is still facing selling pressure in the medium term, so the current movement may be suitable for medium-term trading until a full trend reversal occurs. Longby Fares-egy112
Top is inWe are are seeing the dreams of a Christmas past. I would be all over TSLA in a normal bull market but given the complete collapse of the markets, all we are seeing is low volume churning by retail investors. I would not touch TSLA, until it gets below $170, but ideally $140. TSLA is one of the best large cap stocks there is, but nobody will be unscathed in what is coming. For the critics, why are oil, copper and steel prices crashing? And do you think China's deflation is not going to spread in a global market? Do you really think the Yen carry trade was unwound in one day? Remember the 2000 tech bubble? There was no housing bubble when stocks imploded. Just some things to think about. Shortby Earthmatrix117
AAPL not a buy here next major near term support at $206AAPL is very weak the last few trading sessions I will look for a reaction at support or a break above recent downtrend to take a positionShortby ShortSeller762
JPMorgan Stock Slumps Amid Interest Income ConcernsJPMorgan Chase & Co. (NYSE: NYSE:JPM ) recently experienced a significant drop in its stock price, slumping over 7% following warnings from its President and COO, Daniel Pinto, about the bank’s net interest income (NII) outlook. As the largest U.S. bank by assets, JPMorgan's financial health is closely watched as a bellwether for the broader banking sector. Here's a deep dive into both the technical and fundamental aspects affecting JPMorgan’s stock. Fundamental Analysis JPMorgan's recent stock decline was triggered by Pinto’s comments that NII expectations are overly optimistic given the expected Federal Reserve rate cuts. The Fed is anticipated to lower its key policy rate by at least 25 basis points during its upcoming September meeting, initiating a potential monetary easing cycle. Lower rates are likely to compress NII, which represents the spread between what the bank earns on loans and what it pays on deposits. Previously, JPMorgan (NYSE: NYSE:JPM ) forecasted its NII to rise to $91 billion this year, excluding its markets division. However, with the Fed’s rate cuts on the horizon, future projections have been adjusted downward. Investors are now concerned that the bank may not hit its 2025 NII target of approximately $90 billion, especially with Pinto's warning that "next year is going to be a bit more challenging." Expense Outlook and Broader Concerns Additionally, the analyst estimates for JPMorgan’s expenses in 2025, pegged around $94 billion, have been deemed overly optimistic by Pinto. With inflationary pressures and new investments looming, the bank’s expense base is expected to be higher than current projections. This dual concern over income and expenses has rattled investor confidence, making it JPMorgan's worst drop since June 2020. Despite these challenges, JPMorgan’s position as a leader in gathering deposits and making loans remains strong. The bank's trading revenue is projected to be flat to slightly up year-over-year, and investment banking fees are expected to rise by about 15%, indicating resilience in other business segments. However, slowing economic growth in the U.S. and an anticipated decline in new loan yields due to rate cuts continue to cloud the outlook. Technical Analysis Current Price Action As of the latest trading session, JPMorgan stock was down 5.19% in extended market trading, reflecting the broader market's nervous reaction to Pinto’s comments. The stock has been under pressure, but the Relative Strength Index (RSI) at 53 suggests that the stock isn’t yet in overbought or oversold territory, indicating a potential for reversal if sentiment shifts positively. Key Technical Patterns - Golden Cross Pattern: The daily chart shows a golden cross pattern formed earlier in the year, a bullish indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern has been associated with upward momentum, suggesting potential long-term strength despite current headwinds. - Support and Resistance Levels: Currently, JPM is trying to establish a base around $133, which acts as a critical support level. A break below this pivot would confirm a bearish reversal pattern, potentially leading to further declines. Conversely, holding above this level could set the stage for a recovery, especially if NII concerns are tempered by unexpected positive news. - RSI Analysis: The RSI of 53 implies that JPMorgan stock (NYSE: NYSE:JPM ) is positioned for a possible trend reversal. If buying pressure increases, the stock could move towards its next resistance levels near $145 and then $155. - Bearish Divergence: However, caution is advised as there has been a recent bearish divergence between price and momentum indicators, which could signal further downside if investor sentiment does not improve. Outlook and Key Considerations JPMorgan remains fundamentally strong, with robust trading and investment banking revenues cushioning some of the expected pressure on NII. However, the market's reaction to the tempered guidance reflects broader concerns about the impact of lower rates on bank profitability. For investors, the key takeaway is that while JPMorgan’s stock faces near-term challenges, the bank’s dominant market position, diversified revenue streams, and proactive management strategies still provide a solid foundation. Technically, a close watch on support levels and RSI dynamics will be crucial in determining the stock's short-term direction. Conclusion JPMorgan’s recent slump highlights the balancing act the bank must perform amid changing economic conditions. While the market’s reaction has been swift, the long-term narrative for JPMorgan remains constructive, provided the bank can navigate the expected rate cuts and maintain control over rising expenses. For traders and investors, staying informed on both the fundamental outlook and technical patterns will be essential in making well-timed decisions regarding $JPM.by DEXWireNews3
(weeekly) for OXY see last post for description. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzLongby js0ng2
$oxy, need some oxy to cope the pain dear oxy holders, i too understand the pain, as i bought the dip today at 51.69. the monthly 50MA holds at 48.70. if it breaks, time to pop one cus 36 is coming fast. li lu im watching ur assLongby js0ng0
AVGO: This is a CRITICAL support level! (D&W analysis)Looking at the daily chart of AVGO, we observe a hammer candlestick pattern forming after an exhaustion gap, signaling a potential reversal. This hammer, typically seen at the end of a downtrend, indicates that the sellers may be exhausted, and a reversal could be on the horizon. Additionally, the gap left behind earlier this month has been almost filled, which often acts as a catalyst for a shift in market sentiment. The key resistance level is the $150.11 zone, which, if broken, could suggest further upside towards $172.42. On the weekly chart, AVGO remains supported by a long-term ascending trendline that has held through recent pullbacks. The price also shows a bounce from the 21-week EMA. If the hammer on the daily chart leads to sustained upward momentum, it could trigger a continuation of the broader uptrend seen on the weekly timeframe. However, if the price fails to maintain support around the trendline, a deeper correction could ensue, with the next major support level around $130.25. In summary, the daily chart suggests a potential short-term reversal after an exhaustion gap and hammer pattern, while the weekly chart maintains a bullish structure as long as the trendline and 21-week EMA continue to hold. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.by Nathan_Black228
BA, buy the dip candidate, but still choppy futures ahead. after breaking out monthly descending wedge and hitting $265 high, we are now at the 200MA around $160. stock will likely chop in the highlighted triangle. very choppy from 160-190. still choppy from 194-265. it is at the buy the dip zone. it is now at the breakout level at ~160 from the december 2022 highs that led to 1 year rally up to 265. Longby js0ng1
Advanced _ Micro _ Devices _ Inc _ Sep _ Week _ 2 Advanced _ Micro _ Devices _ Inc _ Sep _ Week _ 2 _ Distribution _ Prices: I will use a simple mathematical formula to breakdown the next mid area prices. Support confirmation = $144.58 1st Distribution price = $150.62. ___________________________ 2nd Distribution = $157.65 $160.99 $161.60 $170.31 $179.18 $184.92 We will take a short break. Shortby Skill-Knowledge-Conduct1
TSLA forecastDescending Trendline (Yellow Line): The stock appears to be in a downtrend, as shown by the yellow descending trendline. This line indicates a resistance level that the stock has tested multiple times but hasn't yet broken through. Support and Resistance Levels (Red and Orange Horizontal Lines): Several horizontal lines, likely key support and resistance levels, are drawn. Red Lines: These represent support zones where the price has bounced in the past (120.48, 154.22, 167.21). Orange Lines: These are resistance levels (257.67, 302.74) that the price may struggle to break through. Current Price and Movement: Tesla’s price is at $226.13, which shows a gain of 4.56% for the day. The blue and red boxes to the left represent the current bid and ask prices. Future Price Projection (Blue Path): The zig-zag blue path seems to be an anticipated price movement. It shows the price possibly breaking above the yellow trendline (resistance) and moving upwards towards the next resistance level near 257.67. After potentially retesting the breakout, the price might continue its upward movement as suggested by the upward arrow. Measured Move (Orange Vertical Line): The orange vertical line on the right highlights a potential price gain of 136.69 points (112.03%) if the stock were to move from the low point (around 120.48) up to the higher projected level (possibly above 257.67). Overall Interpretation: The chart suggests that Tesla’s stock is currently testing a key descending resistance. A breakout above this trendline might lead to a significant upward move, potentially targeting the 257.67 or even higher levels. However, if the breakout fails, the price might retest lower support zones around 185 or even 167.Shortby alemicihan0
GOOG IN NO MANS LANDGOOGLE is in a weird spot at the moment. It's recently broken out of its monthly wedge @ 150, hit ATH near 200, and is back at the key breakout level, 150. until 167 is broken, it is hardcore chop between 150-167. MACD still hints selling can get much worse.. if bears keep the pressure, 135 and 126 are buy the dip zones. Loading up here at 150 is a bit riskier, as the chart is still top heavy and looks ugly.. but a blue chip stock like google, the risk/reward might be worth it. by js0ng1
TSLA - Another Day, Another Trade SetupWe are identifying a potential long trade on TSLA - However, unlike Friday (where our conditions to enter were not met), we are back in the same position after gapping up pre-market back into our yellow strong buying. We are looking for price to continue to respect our teal strongest buying algorithm and build controlled liquidity. Once we prove teal, we will look for an entry on the bottom of yellow HTF strong buying and we will look to enter longs with our stops below purple tapered selling if our conditions are met. Remember, this is the same purple selling channel dating back to 2021 which we've recently broken out of. Trade or no trade, we follow our rules and stay disciplined today! Happy Trading :)Longby TraderDaddyOGUpdated 9949
Long, target 210.9Following 1h chart and got a long signal. TP1 - 203.5 TP2 - 210.9 SL - Close under 194 Longby omurdenUpdated 0
TESLA: Building up the next bullish wave to $300.Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by the 1D Golden Cross of July 29th. We anticipate the new rally to cross above both R1 and R2 and target R3 (TP = 300.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope7
9/10/24 - $qlys - probably a buy $120 but want $1009/10/24 :: VROCKSTAR :: NASDAQ:QLYS probably a buy $120 but want $100 - previous note set the tgt sub $125 and here we are taking another look after the patience paid off - but consistent w/ my NASDAQ:ALRM note, the if/then price logic needs to be followed up by "what happened since" and the answer is "a lot" - i think the MAIN issue already but increasingly in '25 for B2B software will be the impact of AI either internally, by listed comps and by start ups. the unknown unknown of this effect on EPS basically and probably means the street will underpay for multiple and overpay for actual results/ beats. so for a stock (such as this one) where the beats have been pretty well telegraphed/ meager and the growth is still a healthy double digits (but not much more), we will need to see a bit more juice - as such, I think the logic here goes that ex-stock comp $200 mm of FCF on $4 bn of enterprise value (take out the net debt from the cap) gives you 5% yield. growing and assuming they keep pace w/ industry/ aren't disrupted by AI... that's great. it's a buy. - but as of rn, there are many other alternatives, many of which that won't be disrupted by AI (or are leading the charge!) including pretty attractively priced large caps like NASDAQ:META and NASDAQ:GOOGL and my fav hardware name $NXT. of course OTC:GDLC benefits and leads the charge on AI exchanging value with AI too - but that's for another thread. - so TL;DR. all else equal, the stock is a buy. i don't need to own it, so i'm not going to buy it. i don't think i'll be missing out or feel any sort of FOMO if this one gets away from me, similar to my last post mortem note. i'd love it in the low $100s at this stage... if it ever gets there. otherwise i'm a pass and will root you on from the sidelines VLongby VROCKSTAR0