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RXRX - BIOTECH SQUEEZE PLAY RXRX - Recursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that combines automation, artificial intelligence, machine learning, and in vivo validation capabilities to discover novel medicines. Consolidating since April, look left and see the explosive moves. Grab cheap long dated calls and wait for news to come out. Easy R/R. Calls swing 100% on small moves and I've got a good bit cheaply Jan 2025 calls. 9 & 10 dollar strikes. Huge opportunity here to cash in on any news or favorable Earnings Report in a few days. Short squeeze targets 10-12 dollars, manage your own risk. Will be dumping calls on impulsive move. $6 looks to be a strong bottom here, under that for any time other than a flash sale, this trade is invalid, and I won't be holding any calls. NOT INVESTMENT ADVICE. TRADE YOUR PLAN!
NASDAQ:RXRXLong
by mortimerkylej
Palantir to plunge 40% ??In seven days from now Palantir will publish their not so hot earnings report. How can I know this? The chart. On the above 6 day chart price action has rallied a massive 600% in 24 months. A number of reasons now exist to be short. They include: 1) Support and resistance. Both price action and RSI are at resistance. 2) Price action support has failed. See daily chart below. 3) The Bollinger Band (red arrows). Explosive moves in price action eventually reach exhaustion. This is first indicated by the Bollinger band as the mouth curls inwards. This is a strong indication of a trend reversal. 4) The 40% correction is derived from past resistance, which has never confirmed as support. It is also a significant Fibonacci level. Is it possible price action breaks resistance and continues to climb? Sure. Is it probable? No Ww Trend breakout on daily
NYSE:PLTRShort
by without_worries
18
This is Wyckoff Volume Spread Analysis in a Downtrend In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, shows one of the major Volume Spread Analysis set ups to go short, No Demand in a downtrend. In this example Gavin went short in the NQ Nasdaq futures because of bullish news in stock NVIDA which caused both the index and the stock to collapse at the time of filming. All markets move on three key universal laws. Supply and Demand Cause and Effect Effort Vs Result You can get a copy of the latest Wyckoff VSA trading plan by going to www.tradeguider.com and clicking on the TradeToWin page or contact us on livechat on the front page. Wishing You all good trading and constant profits, Gavin Holmes Author "Trading in the Shadow of the Smart Money" www.amazon.com
NASDAQ:NVDAShort
by TradeGuider_VSA
Coinbase Double Lower High: Bitcoin, The DXY & EthereumCoinbase's highest volume came in July 2023. In Elliot Wave terms, this would mark the end of the third wave. The move from October 2023 through March 2024 would be the fifth and last wave of a bullish impulse. In this wave, trading volume is lower compared to the previous one. Good afternoon my fellow trader, Coinbase and Bitcoin move together with some slight variations. If Bitcoin is bullish, Coinbase is bullish. If Coinbase is bullish, Bitcoin is bullish. If Bitcoin turns bearish, Coinbase turns bearish. If Coinbase (COIN) is showing bearish signals and the potential to move lower, it means that Bitcoin is in the same situation. March 2024 marks the peak of the bullish impulse that started after the late December 2022 low, and in July 2024 we get the first and main lower high. Notice how in October, this month, we get a second and much lower lower high compared to July. The bearish bias and potential is confirmed based on these simple signals.' Coinbase (COIN) is set to continue lower as long as it trades below the 22-Jul-2024 peak price. A new drop would mean a lower low based on the lower high. Bitcoin, Ethereum and some other of the Crypto-giants are in the same situation. The DXY is utra-bullish and this is bearish for Bitcoin and Coinbase. Namaste.
NASDAQ:COINShort
by AlanSantana
9
this long has petered out, right?it may not be over. if we break through this 5 min high theres very little resistance to daily gap close, and if we fall through this open its almost a guarantee to short to the weekly lows. i would stop out either way if it halts or has undue volatility other than large predictable and steady swings. that being said im leaning long because of how it has set clear 5 mi higher lows this morning. i dont have to close this gap or even most of it, i can use any of these levels as take profit and continue to raise my stop all morning until volatility returns to the stock which it will eventually. if not today or tommorow the stock will return short by hitting daily upper trendline.
AMEX:EFSHLong
by cerealindicator
LAC possible sequence ending? turnaround soon? Target 40+ usd?Following LAC for quiet a few years now; following its 3 count overall moves carefully, and waiting for a pullback. The Multi-year trend moving in a so called ABC structures, likely still forming an overall huge diagonal. It was roundabout at the 0.236 fib retracement for a possible wave 4, when fundamentals has been changed for LAC, primarly the company split and ongoing legal actions which made me wait for further draps, although a 0.236 retracement would have been acceptable. Now, for the white scenario, it is possible we are ending the wave 4 pullback also as a big abc. Being an overall diagonal forming, for a wave 4 the 0.618 is also common, being said, it has almost reached it perfectly, so the risk-reward ratio is getting great for the very long term, to finish off wave 5 also as an abc to the upside, target would be primarly 40-55 usd, in a more bullish interpretation ~69 USD, LIKELY would take also several year (definetely not a few). Keep in mind with our current knowledge, the new mine's production likely ramping up in '26-'27. fib support down at ~2.43, where the second small fib box upper support ~2.34 is an acceptable one IF there is no sustained, comfortable price actio break below. For a bit more "bearish" scenario, we already finished of an "A" wave (orange route), either as a smaller diagonal, or I could make a case for a WXY as well, does not really matter. We are working now on orange circle B, which should be also an abc structure, in which we finished, or near to finish the (A) wave, and a correction should be imminent with a minimal upside target of 6.27 currently, but be aware it is a moving target, as price action evolves we might need to adjus that red resistance box. Standard support box is added for the orange route as well 0.9 usd being the last reliable support for a later evolving C wave. On the 1h, 4h RSI and MACD has already built a nice divergence, on the daily it has started to built, early signs are there but not fully present. Weekly is coming up, towards ground levels. So far all the meaningful MA'S on the daily (9/21/50/52/180/200) was rejecting price action previously, currently trying to break above and close above the 9day SMA. We do have a small head and shoulders pattern as well with a downtarget of ~2.29 which not neccessarly needs to be reached. This is the multi-year big picture, from this point forward switching from a weekly timeframe, to lower ones.
NYSE:LACLong
by tommtajlor
19
Mastercard: Set to Climb on Back of Good EarningsMastercard NYSE:MA reported its Q3 2024 earnings with several good highlights: Adjusted Earnings Per Share (EPS): Mastercard reported an adjusted EPS of $3.89, which surpassed the Wall Street expectations of $3.73. This indicates a strong performance in earnings per share, beating estimates by $0.16. Revenue: The company's revenue was $7.4 billion, exceeding the consensus estimate of $7.27 billion. This 13% year-over-year increase in revenue reflects robust growth, driven by increased consumer spending and demand for value-added services. Cross-Border Volumes: There was a significant increase in cross-border volumes by 17%, which was above the estimated growth of 16.2%. This suggests a strong recovery or growth in international transactions, possibly indicating recovery or growth in global travel and commerce. Total Purchase Volume: Mastercard reported a total purchase volume of $2.06 trillion, which was slightly above the expected $2.05 trillion, showing a solid 11% year-over-year increase. This metric underscores the company's widespread use and the health of transaction volumes processed through its network. Stock Market Reaction: Following the earnings release, Mastercard's stock saw positive movement in pre-market trading, indicating investor approval of the better-than-expected results. Strategic Insights: The earnings reflect Mastercard's successful execution of its strategy focusing on digital payment innovations, like tap on phone and contactless payments, which contribute to the growth in transaction volumes and revenue. Market Sentiment: Following the earnings release, there was a positive pre-market reaction, with MA's stock price increasing by 1.66% Future Outlook: The positive earnings and the mention of low-teens net revenue growth for Q4 suggest confidence in continued growth, driven by ongoing digital transformation trends in payment solutions globally. Stock Price Prediction: The combination of beating earnings expectations, positive market reactions, and generally favorable analyst ratings suggest that MA might continue its upward trajectory in the short term. Botom line Mastercard is not only recovering from any previous economic downturns but is also capitalizing on the shift towards digital and contactless payments, enhancing its position in the financial technology sector. The earnings beat and the positive market reaction highlight investor confidence in Mastercard's current business model and future prospects in a rapidly evolving financial landscape. Disclaimer: All content provided is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a professional before making any investment decisions.
NYSE:MALong
by CF_444
MRK-NYSE longterm view"Merck reported a mixed third quarter update on Thursday, cutting guidance even as earnings topped market expectations." according to barron^s. However, the balance sheet is still solid and MRK entered an area where it presents a good Buy opportunity especially for Dividend portfolio's that want a good Av_Px. the second quarter report still cast a shadow though. some good news from China market will boost the stock to higher ground with 99.27 to be the crusial point for a major turn to bearish mode.
NYSE:MRKLong
by divergenceX2
2