RDDT stock seems to have bottomed and is likely to rebound towards the 130/140 range. If it holds the key support at 105/110, an upward trend toward its 52-week high could begin in Q2 2025.
MA stock's short-term momentum has weakened after pulling back from its all-time high of $582.23. However, its long-term and intermediate trends are still intact. The $500–$510 range, supported by the 200-day moving average, is an important support level for keeping the intermediate uptrend. If this level holds, MA stock could reach $630–$680 by the end of 2025.
The SPY ETF (SPDR S&P 500 ETF Trust) recently peaked at 613.23, reaching the upper boundary of a long-term channel that has been in place since 2009. This suggests the market is in an overbought state. Looking at historical trends suggests that the continuation of previous upward trends became unsustainable after reaching critical levels. The current correction...
FIGS' stock price has been in decline since 2021, falling from a peak of $50.40 in that year to a low of $4.30 in 2024. However, over the past year, the steep downward trend has eased, and the stock has stabilized. In the short term, FIGS has established support around $4.50, with technical patterns indicating a potential upside toward $5.05. While the risk of...
What does the recent price action on AAPL stock suggest? The recent price action on AAPL stock indicates a potential topping pattern, which may signal a bearish move toward the support zone between $180 and $195. This pattern suggests that selling pressure could increase, leading to a possible decline within this range. What is the worst-case scenario for AAPL...
What does the QQQ graph tell us about the current situation? The QQQ is not trending upward within the channel that began in 2023 and is currently in a correction phase. The recent decline has weakened the previous momentum, making a significant short-term upward price movement less likely. Does this correction damage the overall long-term upward trend that...
RDDT stock is in a correction phase, down more than 50% from its high of 230.41. The stock is now approaching a support level between 102 and 104, which could help the price rise in the short term. If this support holds, the stock could move toward the 130–135 range.
Bitcoin (BTCUSD) is approaching a critical zone between 89,000 and 92,000. If it maintains support in this range, there is potential for a bounce toward the recent high of around 104,000 and possibly up to 120,000. As long as Bitcoin stays above the key support levels of 89,000/92,000, the upward momentum is expected to remain strong.
EUR/USD appears to be in the process of bottoming out and is poised for an upward movement. Key support levels are seen around 1.05, and as long as the pair remains above 1.05/1.04, there is potential for a short-term move toward 1.06, with the possibility of reaching 1.07. Over the longer term, the pair could trend toward 1.15 if it maintains upward momentum.
Based on the recent price action of DOCU stock, it has reached a critical level of around 96, which aligns with where the market opened after the earnings report. If DOCU maintains this key support level of 96, there is potential for a short-term upward movement toward the resistance level of 105.6. This potential move hinges on the stock holding above the 96...
CELH stock has recently reached a key support zone between $25 and $28, following a 75% decline from its peak of $99.62. This support area could potentially trigger a short-term rally, with an upside potential of about 20% towards $35. Celsius (CELH) has seen strong growth in recent years, thanks to its health-focused energy drink brand. However, the company faces...
The iShares Russell 2000 ETF (IWM) provides exposure to small-cap stocks, which historically perform well during economic expansions, often outperforming large-cap indices like the S&P 500. With the potential for a lowering interest rate environment, IWM is positioned to outperform the S&P 500 in the coming year. Recently, it breached a key historical resistance...
Micron Technology (MU) stock reached a 52-week high of $157.54 on June 18, 2024. As of November 27, 2024, it trades at $97.35, marking a decline of approximately 38.2% from its peak. This decline may present an opportunity for investors to "buy the dip," especially as the stock remains within a long-term upward trend. Current support levels are identified in the...
🚨 Bitcoin Pullback in Action! 🚨 Before reaching the anticipated $100,000 milestone, Bitcoin has started to pull back. Current support appears to hover around $90,000, aligning with the 10-day moving average and previous weekly closing prices. Is this a healthy correction before the next big move, or a sign of consolidation at these levels?
DE is finally breaking out of the consolidation phase it has been stuck in for months and appears to be resuming its long-term bullish trend. The long-term target is estimated to be around the 1000 mark. Deere & Company (DE) has strong long-term potential due to its leadership in agricultural technology and steady profitability. Innovations like autonomous...
ALB is showing signs of an upward shift, holding above the 200-day moving average, breaking a long-term trendline, and forming a reversal pattern. The upside potential points to a range between 250 and 300, while the downside risk is estimated at 80 to 90. Last quarter, the stock rebounded from a low of 72, which aligns with a long-term trendline. If ALB stays...
GEHC recently began to pull back from 94.55 towards a support zone below 77, with the first major support around 75. If the stock holds above this level, it is highly likely to see a gradual rise toward the 100 and 120 target zones, potentially reaching these levels by June 2025. The stock has significant growth potential in the future if it manages to establish...
TOST stock has recently broken out of its base pattern, signaling a continuation of the upward trend with potential for further gains toward $65 or higher. As long as the stock remains above the key support zone of $35/$36, the long-term outlook remains bullish.