SHOP Long trade ideaSpotted a strong reaction on Shopify as price tapped a key support level and bounced impulsively to the upside, even leaving a gap, solid confluences that point toward potential continuation.
What adds weight to this setup is that the price has reclaimed the 10 EMA, which typically signals momentum shifting back in favour of the bulls.
That said, one concern here is that volume appears a bit dry, which makes me a bit more cautious on this trade.
Trade is placed, now it's just about managing risk and letting the setup play out.
Double bottomDespite the strong quarterly results, the stock was penalized due to a lower outlook for Q2, a consequence of uncertainties surrounding tariffs, leading to a 20% decline.
The price is reaching the weekly 200-day simple moving average (blue line) for the second time, coinciding with a long-term support level (also marked in blue), initiating the formation of a double bottom pattern.
The first target is the light blue resistance area around $130 (+30%), where a potential confirmation of the double bottom could occur with a breakout of the neckline, followed by a further 25โ30% increase
GAMUDA CONT MARK UPThis is a continuation of my prev post
**Refer link below
In Wyckoff Methode , The Formation of BUEC is a sign that further price advancement will continue
to the phase E (Marking up outside the Trading Range)
The BUEC in this formation, coincide with a Local Spring
On Top of that, with a Feather's weight & Springboard in it
With a Trigger Bar today, position initiated as attached
PureWyckoff
CDNS watch $325.10: Golden Genesis Fib ceiling for over 2 yearsCDNS has topped here many times over the last 2 years.
Golden Genesis fibs are massive landmarks for any asset.
This one has marked THE TOP for over 2 years thus far.
It is PROBABLE that we "Orbit" this a few times.
It is POSSIBLE that we reject for another top.
It is PLAUSIBLE to Break and run to new ATH.
=================================================
.
SunsetToday the stock tried again to get a new top - successfully. But the top has been sold immediately! This week we have seen 3 windows. All of them are still open.
This jumping from window to window shows an overaware market, perhaps artificial(AI!) pumping.
The sale of the recent top is confirming my view.
I am selling.
$NVDANASDAQ:NVDA reports earnings post-market tomorrow.
๐ Price climbing, but volume is fading โ signs of weakening interest and a likely reversal.
โ ๏ธ If $140 doesnโt break with tomorrowโs open, expecting a drop toward $124โ$122 during the day.
๐ Further downside likely this week, with possible support forming around $115.
30-min chart included for context.
#NVDA #Stocks #Trading #Earnings #TechnicalAnalysis
Bajaj Hindusthan Sugar LtdBajaj Hindustan (Ethanol/Sugar Company)
if it sustain above 23 then I'm bullish in this for 1000% gain.
It'll going to give 13 years breakout.
Keep an eye on this.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
MAY 27 , 2024
Note
entry trigged add half and more on weekly candle close above 23
MDLZ - Bullish Flag patternBullish Flag pattern
The Bull Flag pattern forecasts in the near future. Currently, it's just early planning with small profits and a reminder to set a stop loss if the pattern cannot breakout upwards.
Both the M50 and MACD indicators suggest the potential for price increase.
The volume is still low so it cannot break out yet.
The price now (Closed on 05.23.2025): $66.14
Price target: $70.11/ $74.64/ $84.60.
Stop loss: $63.43
IMO, amateur trader.
Glenmark Pharameceutical Ltd view for Intraday 27th May #GLENMARGlenmark Pharameceutical Ltd view for Intraday 27th May #GLENMARK
Resistance 1410 Watching above 1413 for upside momentum.
Support area 1370 Below 1390 ignoring upside momentum for intraday
Watching below 1370 for downside movement...
Above 1390 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
$AMZN Weekly Setup โ Watch the $193 GapHere's what we're seeing on the weekly chart:
Price recently hit the 61.8% fib retracement from the all-time high to the April 2025 low
Sitting on strong support from the July 2024 high
A gap at $193 is just below current levels
If the gap closes and holds, we could see a continuation of the recent move higher โ setting up a powerful weekly higher low. This could offer broader momentum in the large-cap tech space.
NASDAQ:AMZN
NVDA will drop this yearUnless we witness a breakout or signs of one, we will head down. Next year, we will head back up higher than ever, which will increase our chances of breaking out and potentially spiking up 50-200% . For now, I anticipate a significant drop, but ensure your stop-loss is ready in case of a breakout. If thatโs the case, Iโd buy a long. For now there are no signs of such so I am shorting.
This analysis is solely from charts
Good luck traders