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Pull back to $150-155s before earnings Q1 FY 2025 - Lot of work required to break long term downtrend and continue the move up in 200+ - Medium term target before earnings around 150-155 - Solid earning will push the stock price to retest 175-185 range and potentially allow stock to trade above 200s. - Bad earning will move NYSE:SNOW to test the lower end of the trendline i.e low 100s and potentially double digits ~$85-98 /share. Databricks IPO would keep the stock price under pressure. - Therefore, I believe next earnings will be crucial and will be essential to decide the direction long term.
NYSE:SNOWShort
by bigbull037
NVDA - Head and Shoulders // but still bullishWell, I imagine we’ve all seen this idea recently. Head and shoulders for the big dog. I do get three touches on the orange trend line there…it’s a strong quarterly trend and if that head&shoulders fails to follow down through I expect price will stay above it for a rally into year’s end. Price might even follow my fantasy fractal. The light blue boxes highlight the closest volume profiles. Closing price falls basically right in between the two. My bias is bullish though. The upright purple goal posts represent the Aug 2023 to March 2024 up-tick. NVDA has continued to melt that up again from Aug 2024 thru Nov this year. I can’t help but think though that price will find a spring on the 100ema (the light blue squiggly) and continue up on it’s merry way. Next week we see FOMC on the 18th. BoJ interest rate decision the next day to see if a carry trade affects things. I think our markets have already at least half baked in a 25bps rise though if Japan decides to pull the trigger...and the currencies aren't as far apart as they were last July either. I remain cautious for Q1-Q2 on all equities but will ride the next 6 weeks while the 3mo US bond yield is still higher than the 2year. :) Cheers and take care, MR
NASDAQ:NVDALong
by Mr_Robbers
4
Waiting for SKX to roll over and fall off a cliff! Every single day this past week was a shooting star. And going down. Which made the week chart look like a spinning top. If you look at all the indicators it’s also very bearish as well. Now I’m just sitting here like biggie. Saying “gimme the loot!” Also there is a trend line you can place on the 1 day chart and its following that very well. Looking for it to fill the gap down below. Or at least hit the moving averages. I also trade options so this is a good puts play. Not Financial Advice.
NYSE:SKXShort
by jesseedwardcoleman
$REGN LongThis is just my observation, but not an advice. Technical: REGN touched its two strong trendline since 2020 and 2021. REGN reached the 50% correction since 2020. REGN is oversold daily and weekly. A significant divergence is observable on daily chart. Price touched SMA 200. Fundamental: P/E: 16.9x (moderate undervalue) Since last ATH NASDAQ:REGN has come up with wide ranges of successful clinical trial outcomes. Nonetheless, prices dropped due to competitive pressures on Eylea. Last week, after significant clinical trial results of Odronextamab and Poze-Cemdi, the market moved up. However, the price slid after the BoA's PT revision. Analyst sentiments: 17 buy, 7 buy, 1 sell (BoA) The long possibility is high from now on.
NASDAQ:REGNLong
by jack_the_real_trader
*BA UPDATE* 2 weeks into the trade (21MAR24 200C) Original Chart STATUS UPDATE: If you got into the $200-205 C EXP 21MAR25 on 02DEC2024 you're probably sitting at around 65%-75% in the green. BA has moved roughly 40 points since its most recent low $137.03 on 15NOV2024, and roughly 15 points since we entered on 02DEC2024. I suspect we keep that same trajectory for the next 30 days and that will take us to our target with 2 months to spare. Alot of good catalyst have come out recently surrounding BA's production and employee strike settlements. We may have another pop here this week coming up due to potential FED rate cuts, sending us even closer to our target of $200 per share by 21MAR24. Upon looking at the charts I noticed BA actually formed more of a triple bottom which is even more bullish than a double bottom. The neckline break of around the $265 area could run us up into the $320 area, once the options chain opens up deeper in price I will take a look at calls deeper OTM. I have found major monthly resistance at the $320 area so if you decide to diamond hands through the break our next trajectory will take us into the $380 area. At the point I would be all out when price starts to enter Monthly supply from $384-447 expect a major rejection off this area and DONT BE A BAG HOLDER..... - I got caught bag holding PLTR after making good money on them the week before. Keep in mind were looking to make money on BA all year. Keep your eye on the prize, as I hop into more calls in the future I will inform you all of the strike price, Date of EXP and entry price P.S. dont get caught up in the little intra day moves and little losses here and there, "When in doubt, Zoom out"
NYSE:BALong
by EddieMoniee
4
IONQ NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning My dad actually shared this ticker with me since he was holding it. I tried my best to analyze it and come up with a conclusive statement at that time, although I couldn’t, and what I did come up with was completely invalid. The main reason being that the price data available is very recent, and there is not enough price action to tell what exactly is going on. Today, I will try my best to let you know what’s happening and where IONQ is headed. The pattern is a complex correction joined with an X wave. The first part is a running flat correction with a strong B wave. All trending waves are to the upside, and the recent wave A, being the fastest and strongest wave, tells me that the long-term trend is up. My only dilemma in this chart was understanding whether the wave after the flat was either an X wave or an A wave. The only reason I decided to call it an X wave is due to its slow price action, whereas the recent move is a better A wave rather than a B wave, which is likely not possible. I do not know what kind of correction wave A is a part of, but my best guess could be a contracting triangle since wave A was pretty strong, and normally wave A is the largest wave in a contracting triangle. So, this correction would be a double three correction. I do think wave A is over; however, we should get confirmation soon by the start of January.
NYSE:IONQ
by thekidtrader11