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Tesla Poised for a Major Rebound Before a Deeper Correction!Our Elliott Wave analysis suggests that Tesla is gearing up for a strong rally to the $428 region by the first week of February. However, we anticipate a sharp correction thereafter, with the price dipping towards $310 by the last week of February before launching into a massive bullish wave, ultimately breaking the $500 resistance! This movement aligns with our wave structure, where we expect a short-term rally before a necessary correction sets the stage for a parabolic move upwards.
NASDAQ:TSLA
by VitalDirection
Bullish NVDA 30m EMA Crossover - 2/21 $127cNice "Buy" signal EMA crossing on the 30m chart there at the end of the day along with a breakthrough of the downward trend line - may see a pump before the open tomorrow and, if she holds, could see an inverse of what I predicted a little while ago where we actually have MM's catch bears in a trap with their puts and sky this thing. Would make sense since a lot of people are saying NVDA will go down further. Current play is the 2/21 $127c @ $6/contract. Targeting a 100% return to $12. If we get momentum, could see this go to $18 or even back to the high before Monday's gap down to $22. Could put a SL in around $5.
NASDAQ:NVDA
by smplsyrup
1
Google short: An Update to price and time targetI've previously mentioned that I expect Google to go up towards earnings and then down. This is an update to the same idea but now that the waveforms are clearer, we can roughly gauge how it will move. Of course, as of this writing, I do expect that the price target of $204.29 will be hit before the intersection of the trendline with the Fibonacci Extension level (which is on 6th Feb). Take note that earnings after market hours of 4th Feb. What this means is that we have 2 scenarios with different ways to handle our trades: 1. Price will be hit before earnings: in this case, I expect price to crash immediately in after-hours and at the next opening. 2. Price will be hit after earnings: In this case, I expect price to move up in after-hours, gapped up even above our target price of $204.29 and then started to sell down.
NASDAQ:GOOGLShort
by yuchaosng
UPS at a Make-or-Break Zone – Will Buyers Step In?Hi you all, United Parcel Service (UPS) has recently entered a potential buying zone. In its latest earnings report, the company announced a reduction in business with Amazon by more than 50% by the second half of 2026, aiming to focus on more profitable ventures. Despite a slight revenue miss, UPS beat profit expectations for the fourth quarter. From a technical perspective, several factors suggest a potential buying opportunity, so do your homework. If fundamentals will align then you should be ready... - Trendline: The stock is approaching a long-term trendline, third touch. - 50% Retracement: UPS has retraced approximately 50% from its all-time high. - Previous Yearly Highs as Support: Former resistance levels from previous years are now acting as support, indicating potential liquidity. - Psychological Support at $100: The round number of $100 serves as a psychological barrier, potentially providing additional support. Do your homework because this is just half of the story: technical analysis. From my side, this is inside a potential area, but do fundamentals support it? Good luck, Vaido
NYSE:UPSLong
by VaidoVeek
Netflix Surges Following Stellar Earnings: Time to Buy or Wait.?Video streaming powerhouse Netflix (NASDAQ: NFLX) recently delivered outstanding fourth-quarter results, significantly bolstered by robust subscriber growth. This surge in subscribers is a clear indication of Netflix's ability to navigate and thrive in the increasingly competitive streaming landscape, where numerous platforms vie for viewer attention. In response to the impressive earnings report, Netflix's stock experienced a notable increase of approximately 10%, propelling it to a new all-time high and reflecting strong investor confidence. Currently, the stock is displaying a symmetrical triangle pattern on the 4-hour chart, a technical indicator often associated with periods of consolidation before a breakout. Given market dynamics, a retest of previous resistance levels is anticipated, which could lead to a decline in price as it fills the gap. Consequently, this presents a potential buying opportunity, with the ideal entry point estimated at around $940. This strategic level may offer investors a favorable position to capitalize on future price movements.
NASDAQ:NFLX
by Kartik_Elkunchwar
TSCO supplies LARGE gains for me - LONG at 54.29TSCO may not be an obvious choice for the kind of short term trading I do, but that doesn’t stop it from being literally one of the 5 best stocks (historically) for my trading system. In backtests and live trades, it has a record of 892-1. The average gain on those trades was +2.6% in an average of 11 trading days for an average daily return of almost 6x that of the S&P. Both of those are very good numbers compared to the universe of over 2000 stocks I screen. Additionally, it produces low drawdowns with my system (all time max of 7.7%) and its max allocation of capital was 10 lots, less than half of the average stock in my universe. Basically, it produces outsized daily returns, with much smaller than average capital usage and small drawdowns. That's EXACTLY what this system is aiming for. It would not surprise me, though, if it had a couple more down days first. When stocks gap down on earnings, that's usually not a 1 day thing. But while the setup here is not ideal, I'll take that chance, considering its outlandishly good returns over time. Like in poker or blackjack, there's always a chance for a bad beat, but the odds are decidedly in my favor here. It has also had some semi-unpleasantly long trades of late, but even if this trade produces half the normal return AND takes twice as long to pay off, it's still a far better return than the average return of the market. There is plenty of near term support from the regression channel bottom as well as recent lows at 55.10 and 51.93 too. Here's hoping TSCO pulls some profits my way and does so quickly. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:TSCOLong
by redwingcoach
NVIDIA in Correction phaseWhat to Expect After Nvidia's Major Market Cap Tumble Rocky White Wed, January 29, 2025 at 6:00 PM GMT+5 2 min read Expectations were high for artificial intelligence (AI) companies, but they took a hit on Monday after Chinese startup DeepSeek claimed it can spend way less money and deliver AI performance comparable to major tech firms. This triggered massive selloffs in megacap stocks. Nvidia (NVDA) fell 17%, losing over $500 billion in market capitalization -- a record-breaking decline, larger than the entire market cap of companies like Mastercard (MA), Netflix (NFLX), Costco (COST), and Bank of America (BAC). Broadcom (AVGO) also plunged 17%, losing about $200 billion in market value, while Oracle (ORCL) fell roughly 14%, or $70 billion in market cap. It made me curious how stocks have tended to perform after such massive losses.
NASDAQ:NVDA
by POWERFUL_TRADERS
Maybe it's time to revisit this chart along with $NVDAIf you bought NASDAQ:NVDA and you're nervous: First establish why you bought it first place? What was your trade plan at the time of the buy? Where was the planned Take Profit? Where was the planned Stop Loss? Are you still strictly following that plan right now? Did you buy it for short term hold or long term? If you bought it for long term and it's still within your trade plan then why worry or even think about it? If you bought it for short term then execute your trade plan, it's just a trade. If you broke all your rules and it's way below your planned Stop Loss and now you're looking around trying to find people who are hyping it up trying to make yourself feel better - don't do that, those people hyping it up are in loss with you as well. Check the image I added, detach yourself emotionally and review the chart to estabish where we might be position and what might come next then set up a strict plan to follow from here on.
NASDAQ:NVDA
by ProfitTradeRoom
Expedia May Be OversoldExpedia hit a new multiyear high last month, and now it’s pulled back. The first pattern on today’s chart is $168.45. It was the low on November 6, one day after the Presidential election. EXPE has held the level since last Thursday, which may suggest it’s become new support. Second, the 50-day simple moving average (SMA) crossed above the 100-day SMA in August and the 200-day SMA in October. The 100-day SMA then moved above the 200-day SMA. The resulting sequence, with faster SMAs above the slower ones, is potentially consistent with an uptrend. (See the yellow arrows.) Next, stochastics have dipped to an oversold condition. Finally, bullish gaps after the last two quarterly reports may reflect improving fundamentals in the travel stock. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:EXPE
by TradeStation