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AAPL's Next Move: Bearish Momentum or Potential Reversal? Nov. 6Current Trend & Price Action From the hourly chart, AAPL shows a downtrend, indicated by a pattern of lower highs and lower lows. The stock is consolidating near the lower boundary, hinting at possible support around $220, a level that could act as a pivot for either a reversal or further downside. Support & Resistance Levels Immediate Resistance: $223.85, marked by recent highs. Key Resistance Zone: $234 - $236. Breaking above this zone could suggest bullish momentum. Immediate Support: $220, a crucial psychological and technical level. Critical Support Zone: $218 - $219. A break below this area could accelerate selling pressure. Indicators Moving Averages (15 EMA and 161 EMA): AAPL remains below both EMAs, signaling bearish sentiment. The EMAs serve as dynamic resistance, with the stock attempting but failing to close above them recently. MACD: Shows potential for a bullish crossover but remains in bearish territory. Watch for a crossover confirmation, which could indicate a short-term bounce if volume supports it. Trading Strategy & Entry/Exit Points Bounce Play: If AAPL holds above $220, a possible entry for a short-term reversal play could be considered. Look for entries near $220 with a target around $223.85 and a stop below $218. Breakdown Play: If AAPL falls below $220 with strong volume, consider a short position targeting $218 and lower levels if momentum persists. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please conduct your own research and trade responsibly.
NASDAQ:AAPL
by BullBear-Insights
TSLA's Path Ahead: Bounce or Breakdown Nov. 6, 2024 Current Trend & Price Action From the hourly chart, TSLA appears to be in a descending channel pattern, indicating a bearish trend. The stock has been facing consistent downward pressure, with lower highs and lower lows defining its structure over recent sessions. This pattern could signal a continuation of the downtrend if TSLA remains below key resistance levels. Support & Resistance Levels Immediate Resistance: Around $246 (top of the descending channel). Key Resistance Zone: $266 - $273. A break above this area would indicate a bullish reversal. Immediate Support: Near $239, which aligns with a recent horizontal level and the lower boundary of the channel. Critical Support Zone: $230 - $235. Breaking below this could open the door for further downside. Indicators Moving Averages (15 EMA and 161 EMA): The purple and yellow EMAs show a downward trend, with TSLA trading below both, signaling a bearish sentiment. MACD: It’s currently displaying a potential bullish crossover. If momentum follows through, this might offer a short-term bounce, especially if TSLA tests the lower channel boundary around $239. Trading Strategy & Entry/Exit Points Bounce Play: Look for a reversal signal at the $239 level. If buying pressure increases around this zone, a potential entry near $239-$240 could be viable, with a target at the upper channel boundary near $246 or $250. Breakdown Play: If TSLA breaks below $239 with strong volume, it may indicate further downside. In this case, short positions could be considered with a target around $235 or lower, watching for support around $230. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please conduct your own research and trade responsibly.
NASDAQ:TSLA
by BullBear-Insights
What If Smart Money Shifts from Traditional Companies to Crypto?This idea explores the potential scenario where smart money moves from traditional top 100 Nasdaq companies to the crypto space. As Nasdaq reaches its peak and becomes less attractive, blockchain companies offer more reasonable valuations, and the crypto market continues to open up, providing new opportunities. This shift could drive substantial growth in the blockchain and crypto sectors as traditional finance investors look for higher returns in emerging technologies.
NASDAQ:AAPLShort
by BMynameX
ABEOABEO stock presents one of the best opportunities in the US market, with target prices well above $100. It is an excellent stock for investors. Currently, the stock is in a weekly upward trend and has broken through a strong supply zone from which it had bounced multiple times before. Now, it is pulling back to test this zone as a demand area, gaining momentum to push higher. The next resistance area above is the red supply zone, and if it breaks through, a new high will be set. The target for the new high ranges from $12.70 to $15-$30. The stock is in the process of forming an inverted head-and-shoulders pattern, which will activate with a break above $9. We are waiting to buy near the range of $5.70 to $4.50,Stop loss 4$, aiming for the higher targets. After reaching $30, we will update the chart.
NASDAQ:ABEOLong
by IbrahimTarek
Analyzing SMCI's Potential RecoveryCapitulation and Recovery: Capitulation: A period of intense selling pressure that often marks the bottom of a downtrend. Post-Capitulation Recovery: After a capitulation event, the stock may experience a relief rally as short-sellers cover their positions and long-term investors start accumulating. Factors Affecting SMCI's Recovery: Fundamental Factors: Earnings Reports: Strong earnings reports can boost investor confidence and drive the stock price higher. Revenue Growth: Continued revenue growth, especially in the AI and data center segments, is crucial. Technological Innovations: SMCI's ability to innovate and introduce new products can influence investor sentiment. Market Sentiment: Overall market conditions, especially the tech sector, can impact SMCI's performance. Cautions and Considerations: Market Volatility: The stock market is inherently volatile, and SMCI is no exception. Price fluctuations can be significant, especially in the short term. Risk Management: Always use stop-loss orders to limit potential losses.
NASDAQ:SMCILong
by ParabolicP
Is the Finnish Bank OmaSp about to collapse?The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were: 1) Strong bond market exposure. AND 2) Same TA as above. “OmaSp has been active in the bond market since 2013” says their website. Very true.. Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get: www.omasp.fi “Unfortunately the webpage you were looking for can not be found” Oh dear… Ww Type: Trade, short Risk: <=3% Timeframe: Candles closing at 19 and under. 10-day Silicon Valley Bank before after 10-day Signature Bank before after
Editors' picks
OMXHEX:OMASP
by without_worries
48
Nvidia [NVDA] Top is in!! [S #1]---------------------------------------------------------------------------------------------- **First off, I have not posted in a while but the good news is I plan to become active and post consistently! I will be providing high quality signals, and only signals and analysis that I personally find worth showing. Any smaller less likely to succeed trades I will be avoiding. This will be a new series of content, I will label posts depending on category: = Signal (Expect clear and direct post, I will not be showing or explaining much of the TA) = Educative Post (I will be showing my Technical Analysis (TA) and teaching how it works) Since this is a new series of posts, I will label this post as the first signal (S #1) ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Current Price which is $140,25 at market close, and $140.30 during the pre market. It is already starting to dip a bit during the pre market! This Signal is based from bearish divergences, price action, miscellaneous bear flags, and my special indicator. $135.24 $127.87 $122.71 Tight Stop loss: $142.52 Good Stop loss: $144.50 Loose Stop loss: $146.20 ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ----------------------------------------------------------------------------------------------
NASDAQ:NVDAShort
by MarketAnalyzerFX
12
Prescription for Gains!Recursion Pharmaceuticals is building strong bullish momentum, with a gap forming around the $6.00 level. A breakout above the $8.16 resistance would confirm further upside, targeting the $9.99 weekly resistance. This setup provides an attractive risk-to-reward ratio, with downside managed through a stop-loss at $5.49. In the longer term, RXRX could extend its bullish run to $15.72, supported by the company’s innovative approach to drug discovery using AI and machine learning. As Recursion leverages technology to streamline the development of new therapies, it has positioned itself as a leader in biotech innovation. The increased adoption of AI in healthcare and RXRX’s strategic partnerships further support its potential for strong revenue growth and long-term value. With both technical momentum and a compelling growth narrative in biotech, RXRX is well-positioned to reach $9.99 in the near term, with an eye on $15.72 as a longer-term target. NASDAQ:RXRX
NASDAQ:RXRXLong
by The_Trading_Mechanic
1
WULF Terawulf,24hr Potterboxes with a channelFollow the channel and watch the bottom of the box which is considered the floor. if it opens and goes up it will probly make a new high then it will make a new low downside. same for up if it opens on the floor of the box and goes down it will make a new higher high or lower low. the top of the box is $7.25 you can trade inside of the box. but the box lets you know which direction it could probly go. cost basis is $6.62 or middle of the box. empty space to the downside and it will fill that space guaranteed. $5.36 would be my target to the downside if it goes down. $7.23 first target to the upside if it goes up. We shall see. and its above the 200 day moving average.
NASDAQ:WULFLong
by potrod
Goldman Sachs (GS): Ready for a Big Correction?As we projected four months ago, Goldman Sachs ( NYSE:GS ) has reached our anticipated upside range between $516 and $575, touching $540 specifically. We've reinforced our analysis with a trend line dating back to 2016, which has been tested and validated three times. Combining this trend line, the Elliott wave count, and key Fibonacci levels, our outlook now points towards a significant pullback from current levels. Given that we're likely dealing with a larger Elliott wave cycle, we anticipate a substantial correction of around 28%. While a 28% decline sounds extreme, it's not unprecedented for $GS. The drop from the top of wave 3 to the bottom of wave 4 was 35%, and the decline from wave (1) to (2) was almost 50%. Even smaller corrections within these larger waves illustrate that major pullbacks are essential for long-term growth, especially as institutional investors take profits. With Goldman Sachs having gained 87% year-to-date—a remarkable rise in this sector—a correction is likely as big players start locking in their gains. We aren't sure yet how this correction will unfold, but we anticipate a sharper, quicker drop compared to the more prolonged wave (2) correction. A potential support level for wave A could be around $420. Meanwhile, wave C and the overarching wave (4) are expected to land between $366 and $264. We are not setting a limit order at the moment but have alerts in place for both scenarios: whether we call the exact top here or see NYSE:GS push higher before pulling back. Either way, we'll be ready and will update you as the situation evolves.
NYSE:GSShort
by freeguy_by_wmc
Coca-Cola (KO): Pullback Opportunity as Limit Order FillsOur first limit order for Coca-Cola was filled last Friday as the stock retraced over 11% from its peak at the upper trendline. Despite Coca-Cola's management expressing confidence in their recent performance, investors remain cautious. Zoran Bogdanovic, CEO of Coca-Cola HBC AG, stated, “I am pleased that our Q3 results build on the strength of our first half... However, we remain mindful of macroeconomic and geopolitical challenges.” This pullback appears to be a natural and necessary correction. Coca-Cola is typically a slow-moving, stable stock, and its surprising 43% rise over the past year warranted a healthy correction. The RSI is inching closer to the oversold zone, and a hidden bullish divergence is forming, lending support to our long-term bullish outlook. We’re prepared for a deeper retracement and have a second limit order set in the middle of the golden pocket (50-61.8% Fibonacci retracement), just above the Point of Control (POC). Given Coca-Cola’s reputation as a stable “safe haven” stock rather than a volatile investment, we’re maintaining a patient and calculated approach.
NYSE:KOLong
by freeguy_by_wmc
COSTCO: 4H MA50-200 squeeze is forming the bottom.Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COSTLong
by InvestingScope
$HIMS IS HIM! BRING ON EARNINGS MONDAY! BULL FLAG SUCCESSFUL RETEST ON NYSE:HIMS We are heading into earnings Monday morning, I'm confident! My "HIGH FIVE SETUP" is pointing to $25+ while... My "Valuation Analyzer" is pointing to $35 Fair Value. Been on a heater; lets see if we stay hot! A full, in-depth video from October 30th discusses this setup, technicals, fundamentals, and valuation, which are linked to this idea. Enjoy! What is your HIMS price prediction after earnings? LIKE l FOLLOW l SHARE
NYSE:HIMSLong
by RonnieV29
3
Apple - A Correction Is Actually Inevitable!Apple ( NASDAQ:AAPL ) is preparing for a minor cycle correction: Click chart above to see the detailed analysis👆🏻 After creating five consecutive bullish breaks and retests of the previous all time high, it seems like Apple is one of these stocks which is perfectly following technical analysis. Considering that and the current rising channel pattern, it is quite likely that we will now see a short term correction. Levels to watch: $190, $240 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AAPLShort
by basictradingtv
6