Gehad_Abouelela

Gehad_Abouelela Updated 

SMCI witnessed a strong rebound after testing the uptrend line at 750, to violate 910.85 by yesterday's session, and remaining above this level, will push SMCI to test the last peak 972.35, which is the level that needs to be violated, to trigger further rises near 1020.35 - 1070.30 - 1106. The stop-loss lies below 883. the indicators are heading toward the...

Gehad_Abouelela Updated 

Six Flags Entertainment witnessed a strong rebound in today's session, violating the last peak at 29.44, and the confirmation of that breakout by remaining above 29.44 in Tuesday's session, will confirm the current uptrend, which will trigger further rises near 30.50 - 31.30 - 33.35 - 35.75. The stop-loss lies below 28.50. the indicators are heading toward the...

Gehad_Abouelela Updated 

Vaxcyte Inc witnessed a rebound after testing the uptrend line at 70.79, to close below the last peak 76, which is the level that needs to be violated, to shift the trend to an uptrend, which will trigger further rises near 78.39 - 82 - 84.80 - 87 - 88.55 - 90.20. The stop-loss lies below 71.95. the indicators are heading toward the positive side, which...

Gehad_Abouelela Updated 

If AMZN remains above 185, will drive it to test higher levels near 188.35 - 189.77 - 191.70. As 191.70 is considered the last major peak that needs to be violated, to confirm the major uptrend, with potential targets at196.60 - 199 - 202.80. The stop-loss lies below 181.22, as a break below it, will cancel the mentioned positive scenario. The information and...

Gehad_Abouelela Updated 

General Motors Company witnessed a rebound after forming a higher low at 45.93, to violate the minor resistance level of 48.04 by yesterday's session. then remaining above this level, will drive GM to test the last peak at 49.35, which is the level that needs to be violated to confirm the current uptrend, with higher targets near 50.35 - 50.80 - 51.50 - 52.90 -...

Gehad_Abouelela Updated 

AVPT witnessed a strong rebound after forming a minor higher bottom at 8$, violating the major resistance area 8.61$ - 8.74$, and the confirmation of that breakout by remaining above 8.74$ in Monday's session. which will trigger further rises near 9.03$ - 9.32$ - 9.58$ - 9.86$ - 10.15$ - 10.55$ on the short-term. the indicators are heading towards the positive...

Gehad_Abouelela

Hut 8 Corp witnessed a strong rebound in yesterday's session, violating the major resistance at 12.16, and the confirmation of this breakout by remaining above 12.16, will confirm the current uptrend, which will trigger further rises near 13.75 - 14.43 - 15.80 - 16.75. he stop-loss lies below 10.90. the indicators are heading toward the positive side, which...

Gehad_Abouelela

Bread Financial Holdings witnessed a strong rebound after testing the adjusting uptrend line at 38.40, violating the last peak at 42.73 by yesterday's session. then the remaining above this peak, will confirm the current uptrend, which will trigger further rises near 44.52 - 46.30 - 50.30 - 53.30 - 55.90. The stop-loss lies below 41.44. the indicators are...

Gehad_Abouelela

Nurix Therapeutics witnessed a strong rebound in yesterday's session, violating the last peak at 18.12, and remaining above this level in today's session, will confirm this breakout, which will confirm the current uptrend, with higher targets near 19.92 - 21.53 - 24 - 25.46 - 27.30. The stop-loss lies below 17.28. the indicators are heading toward the positive...

Gehad_Abouelela Updated 

Hecla Mining Co. (HL) witnessed a strong rebound in Friday's session violating the last major peak at 5.90$. If it remains above this peak of $5.90 by today's session, it will confirm the current uptrend in the short and medium term, leading to further rises near 6.23 - 6.36 - 6.48 - 6.68 - 7.00$ in the short term. the indicators are heading toward the positive...

Gehad_Abouelela

Incyte Corp. witnessed a rebound after attempting to test the support level at 61.89, to close below the minor resistance 63.05, which is the level that needs to be violated to confirm the current positivity, which will trigger further rises near 62.65 - 65 - 65.61 - 66.43 - 67.40. The stop-loss lies below 61.40. the indicators are heading toward the positive...

Gehad_Abouelela

Altair Engineering witnessed a strong rebound after violating the major peak 92.92 - 93.70. This pushed the stock to continue rising and violate the minor resistance level at 98.38. The confirmation of that breakout, by closing above 98.38 for 2 trading sessions, will confirm the current uptrend, triggering further rises towards 102.50 - 108 - 112.65 - 118. The...

Gehad_Abouelela Updated 

The stock witnessed a strong rebound after testing the uptrend line at $1.945 in the first quarter of 2024. violating the previous major peak at $3.60 last week and remaining above this level will confirm the uptrend in the long, medium, and short term. This will drive GCI to see further rises near 4.15 - 4.52 - 4.87 - 5.54 in the short term. the indicators are...

Gehad_Abouelela Updated 

on the daily chart, HOOD witnessed a strong rebound after forming a new higher low at 16.22$, to violate the resistance level at 19.44$, after BofA double upgraded Robinhood (HOOD) to Buy from Underperform. then remaining above 19.44$, will push the stock to test the last major peak at 20.55$, which is the level that needs to be violated, to confirm the major...

Gehad_Abouelela

The Trade Desk witnessed a strong rebound after forming a new higher low at 85.12$, violating the major peak 92.18$ - 94$, and the confirmation of that breakout by remaining above 94$ in Monday's session, will confirm the major uptrend. which will trigger further rises near 97.30 - 99.50 - 105 - 110.87 - 114 on the short term. the indicators are heading towards...

Gehad_Abouelela

Dow Jones witnessed a slight rebound in yesterday’s session, closed below last peak that lies at 34147, after testing it during the session. Now Dow Jones needs to break the mentioned peak, to confirm current strength in its performance, and lead to further rises near to 34291 – 34588 – 34775 in the short-term. On the other hand, 33705 – 33450 levels, will be...

Gehad_Abouelela

Yesterday, NASDAQ continued its rebound to test the downtrend line at 15,150, which the index has traded below it since mid-July 2023. As 15,150 consider the deciding point, that the index need to exceed it, to can continue rising near to 15335 – 15513 – 15618 On the other hand, the index will may find support at 14925 – 14850, and that’s if there is any decline...

Gehad_Abouelela

S&P500 witnessed a rebound above 4335 level by yesterday’ session, and it seems that the index is on its way to test last peak hat lies at 4395, which consider the level that we need to violate it, to lead S&P500 to further rises near to 4430 – 4461 – 4512 – 4541 The mentioned positive scenario is valid as long as remain above 4285 The indicators is still...