Gamestop (GME) local bottom?Look at this retest of this horizontal support at around $20. GME has also retested and held the EMA50 on the weekly time frame, which looks quite promising, like a mean reversion and even more bullish because it is a higher time frame.Longby reports20netrust2
PLTR 60% UP ? S&P EntryPLTR long term profit ? Entry notice to the S&P index + Cup & Handle pattern + Above the average line 150. Only an idea and not a recommendation for trading!Longby dovale19723
GOOG - GOOGLE - BUY / LONG IDEA DON'T MISS IT!Dear traders, We can see that the general trend is bullish and the pattern that is being drawn is clearly a bullish correction, The share price has fallen around 21% from the previous high, generating potential buying opportunities in the price range ($140- $150). In addition, we see that the RSI is showing quite oversold zone. Let's wait for indicators to show divergences, to increases the probability of a potential reversal in the direction of the price. Nevertheless buying posititionwithin the range mentioned before, is a good option best,Longby FITINTRADE229
Nvidia lower timeframe has not shown any bullish signs. NVDA reacted to the Demand i marked out but failed to turn bullish on the lower timeframe. And has just been going lower, no buying opportunity. Daily is bullish and we're at the last Demand. Still waiting for lower timeframe to turn bullish. Patience is needed. by willisloyefx0
UAL Falling Wedge Pattern SHORT from the Resistance TrendlineUAL is looking to fall 10% from the upper resistance trendline as the summer travel season comes to a close. Shorting UAL with a put option in the money expiring in one month. Current trend shows traders are not impressed by earnings without corresponding revenue support. Analysts will likely soon proclaim a downgrade.Shortby AwesomeAvaniUpdated 111
PLTR: Will SP500 entry boost stock price to target?PLTR ending diagonal is taking time and stretching out. The last few weeks have been forming a bull flag and now the news of SP500 entry is poised to push the share price higher. On an expanding diagonal, wave 5 is expected to be longer than wave 3. So, the price target puts it to over $40 or higher. My plan hasn't changed. My long term load target will come after the intermediate degree wave 1 is complete. Short term, I am looking for a long entry to catch the next wave. Broader market is getting pretty weak, so, a bounce is expected. PLTR will most likely take the crown during that bounce.Longby mukit12
iNTEL: $18.90 Waiting for reset and CAPITULATION as it just debut its latest and fastest most advance chip core 3 while price tanks down means a sell on strength for stuckholders at all time highs shall be in play at a glance it barely recovers wait wait wait as SMART MONEY book gains profits on NViDiA at all time highs levels dumb money lets them get out at a premium and slowly shall migrate funds to iNTEL as a proven generational wealth provider MONEY GO ROUND folks Q1 Q2 around 2025 should be a good entry window to accumulate ... expect DOWNWARD CORRECTION for a bounce exit or short squeezeby senyor9
FIVE ShortSeller popped up getting in early increases R:R but drops probability. Open small position and add if the price drops Pivot 76.96Shortby xsiinzxUpdated 0
Dell LongMassive bids printed after earnings, looking to attempt gap close as it gains momentum. Lets see if sellers want to step in the way of this one.Longby xsiinzxUpdated 0
MSFT ShortBig sellers for the last week. Sellers also showing up on daily. Without a buyer stepping in tomorrow or next week we can see further downside.Shortby xsiinzxUpdated 1
AAPL ShortEarly signal on the monthly TF from a seller. If price doesn't pass pivot to the upside then we are in good shape. Monthly close under will confirm selling. Pivot 222.10Shortby xsiinzx2
TSLA ShortWe have a Weekly and Monthly Seller on the tape for TSLA. If no brave buyers are gonna step in front of this then it will get messy. Pivot 216 Pivot 232Shortby xsiinzx6
Five LongLongterm buy here. Buyers on monthly Time Frame can cause massive moves as seen before. R:R really good here. Pivot 72.79Longby xsiinzx0
AFRM Long H4Buy @ 31.48 S/L @ 22.24 T/P1 @ 40.69 T/P2 @ ------ R.R.R. @ 1/1 Pure Price Action Trading based on Breakout of Key Level.Longby MyMainBox369Updated 113
TSLA Respecting lines and levelsTesla has been in a bullish channel since the August drop. It tested 231.90 resistance yesterday successfully intraday, but closed below. Today it gapped up over that level but sold off aggressively down 8.45%. Interesting enough it closed right at the bottom of its channel, but below 214.24 support. If this can get above 214, go long, otherwise sub 200 inbounds.Longby Swing_Trade_Charts3
Fortune Minerals linearHi, I’m showing the US FTMDF chart in linear. It’s not a complete history, as only FT shows the full history, but what I’m showing is the overhead resistance that keeps getting tested. This will break to the upside. Will I live to see the breakout? I own almost 4.5 million shares and rising. At $.06 USD average. Let’s go!Longby Shammus010
Chart Pattern Analysis Of NVDA First of all, I must admit a fact that my previous analysis was totally wrong. I was too optimistic about the stock. I must change my mind and plan. K4 is a strong bearish candle with a bear gap under increasing volume. From K1 to K4, It is a strong bearish evening star pattern. It verified a fact that a potential large scale double top pattern is possible on the way. I have to cut off all my long positions at K4. A nearest support at the lower limit of the potential downtrend channel.Shortby nothingchangehere333
Technicals onlyBased on Technical analysis only. Anticipating buys at least til above the liquidity. Zoom making a comeback??Longby ivelezv40
MobilEye Stock Plunges as Intel Considers Stake SaleShares of MobilEye Global ( NASDAQ:MBLY ) took a significant hit on Friday, slumping over 8% in after-hours trading, following reports that Intel Corporation (INTC) is considering selling a portion of its nearly 88% stake in the company. This move comes as Intel looks for ways to bolster its financial standing amid ongoing challenges. Both companies have struggled recently, with shares hitting record lows and concerns about their future outlook. MobilEye ( NASDAQ:MBLY ), a leading provider of hardware and software solutions for self-driving vehicles, has faced a turbulent year. The company's stock is down approximately 71% year-to-date, driven by broader market struggles and specific issues within the automotive industry. Automakers have been reducing production to manage inventory gluts, which has significantly impacted MobilEye’s sales. The company recently slashed its revenue forecast and lowered its adjusted operating income projections, pointing to continued financial difficulties. Intel, MobilEye's majority stakeholder, is also grappling with severe financial pressures. With shares trading at their lowest levels in over a decade, Intel CEO Pat Gelsinger is exploring various strategic options, including asset sales and potential mergers and acquisitions (M&A). Intel's recent financial performance has been dismal, with a net loss of $1.61 billion last quarter. The company is now considering selling parts of its stake in MobilEye, a decision that could be influenced during a board meeting in New York later this month. This potential sale is part of Intel's broader strategy to simplify its operations and focus on creating value for shareholders. Intel has already sold a portion of its MobilEye stake, raising $1.5 billion last year. However, the timing of the proposed sale is less than ideal, given MobilEye's steep decline in market value, currently estimated at $10.2 billion. Technical Analysis On the technical front, MobilEye's stock is displaying signs of extreme bearishness. As of Friday's after-hours trading, MBLY was down 8.48%, with the Relative Strength Index (RSI) plummeting to 24, indicating that the stock is currently in oversold territory. The RSI is a key momentum indicator used to assess whether a stock is overbought or oversold. A reading below 30 suggests that the stock may be due for a short-term bounce, but with such overwhelming negative sentiment, any recovery might be limited. Additionally, the price chart reveals a downward trend with no immediate signs of reversal. The stock has broken several support levels, and the bearish momentum suggests further downside could be on the horizon. If the RSI remains low, MobilEye could see a temporary technical bounce; however, the broader fundamental challenges and market conditions will likely continue to weigh heavily on its performance. The selling pressure on NASDAQ:MBLY is further exacerbated by Intel's reported plans, creating a volatile situation for the stock. Intel’s decision to sell part of its stake could place additional downward pressure on MBLY as the market digests the increased supply of shares. The current technical setup, coupled with the broader bearish narrative surrounding both companies, makes MobilEye a highly risky investment at this juncture. Conclusion MobilEye’s recent price action reflects a complex blend of technical oversold conditions and deteriorating fundamentals. The company's financial struggles, coupled with Intel’s potential divestment, have created a perfect storm of negative sentiment. While short-term technical factors like the low RSI suggest a potential bounce, the longer-term outlook remains bleak unless there is a significant change in the company's fortunes or market conditions. Investors should keep a close watch on Intel's decisions and upcoming board meetings, as any further announcements could have a substantial impact on MobilEye's stock performance. For now, MBLY remains a stock to watch cautiously, with the potential for continued volatility in the weeks ahead.Shortby DEXWireNews3
LONG PXS (oversold, strong trend, 4 down days)I always like trades where 2 different systems both say "buy". My usual system is the reason I'm taking the trade, and per usual, I'll keep buying lots as long as it is oversold and sell when they become overbought and profitable.That said, there are 2 other reasons I like this trade. First, PXS is in a strong uptrend that began last September. "The trend is your friend" is the most ironclad piece of chart analysis advice that's ever been given, in my opinion. Trading is a percentages and probabilities game and trading with a trend (unless a stock is MASSIVELY overbought) always improves your odds. Trading stocks above their 200d MA is a simple way to determine this, but frankly the eyeball test works best for me. A trend has to be very strong to be immediately visible glancing at a chart, and those offer the best opportunities for the mean reversion trading I do. Secondly, I am a big fan of Larry Connors and much of what I do has its roots in his ideas. A variation of one of his strategies is a very simple one, that yields solid and consistent results. 4 out of 5 days down is a strategy that overlaps what I do, but also gives a stronger signal when it coincides with what my personal analysis says. Basically, if a stock is down 4 out of the last 5 trading days, and is below its 5d SMA, buy. Sell signals can be one of two - sell when the close is above the 5d SMA or when the stock hits a 5 day high. Now that isn't Connors' original plan (you can look it up if you want to get the original) but I've found both exit strategies to work well, especially when they both signal at once. So here with PXS we have ✅oversold based on my algorithm, ✅ strong uptrend, and ✅ 4/5 down all saying "green light" for this trade. I'll enter on Monday, as long as the open is around the Friday close price. I prefer to look for these near the close and buy then, but I've been busy lately and the weekend was the first chance I've had to look for some new ideas. As always, this is just a log of my trading ideas and isn't investment advice. I wish you luck if you choose to trade it yourself, but do your own due diligence!Longby redwingcoachUpdated 0
TSLA: DOWN before UPShort term turbulence for the month of September. Today was the worst first week of September in a long time. Sign of sentiment to come, in the short term, perhaps? Happy Friday Shortby HassiOnTheMoon3
$AAPL finished 19 weeks of rally from its 19 week modeNASDAQ:AAPL is already IN a weekly downtrend. NASDAQ:AAPL is below the mode since the high NASDAQ:AAPL peaked 7 weeks ago NASDAQ:AAPL had a weekly range expansion down this week to trigger a sell signal NASDAQ:AAPL had a RESZ rally into 50-75% resistance this week after RgExp down Stop loss $226, downside $195 I also labeled Warren Buffett's sale of $100 billion worth of NASDAQ:AAPL , but he also still has a 30% position in NASDAQ:AAPL in his portfolio The stop is close and the downside is meaningful Granted, Apple has its new product release happening soon which will keep potential sellers from selling but it may make potential buyers hold off on buying Time will tell Tim 3:47PM EST 9/6/2024 $220.85 last -1.53Shortby timwest3322
9/6/24 - $pl - Interested at $1.77, but weird9/6/24 :: VROCKSTAR :: NYSE:PL Interested at $1.77, but weird - 250 mm in enterprise value (~500 mm cap and 250 mm in net debt) for sales that are still growing low teens, they're seeing opex inflection (gross profits growing and opex declining) - like the "space" component of it. maybe i'm coming late to the space lasers game *ahem* $ASTS... but this one genuinely seems interesting such that it can provide data from space - which we all know - LLM's are starved for unique data sets. - a lot of stock comp, but hey, that's par for something this size in a weird category to incentivize da nerdz - stock/ chart looks like trash. but it's SUPER rentable (can sell calls off the top for pretty good yield, which is always super attractive to me). don't think they run risk of diluting anytime soon. - admittedly need to listen to mgmt. sometimes i change my tune after hearing them open the ol pie. also i've been on a bit of a cold streak lately. NASDAQ:AVGO and the mkt risk hasn't been too friendly. so while i'm involved, i'm keeping it small. anyone one any work on this name willing to share? maybe i comment back after i take a breather and get a chance to do a bit more DD. for now i'm in for a 1% position bc why not, -30% off on what seemed like a not -30% release looks interesting b/c i bet a lot of this is factor (size, report, the risk off day). VLongby VROCKSTAR331