TSLA possible tradeLets give it a little bit of room and buy. Looks like logical play and some key areas emerge in this structure.Longby wratislavian1
$BNS Stock Up 1.72% in Pre-Market Trading on Q2 Estimates Beats The Bank of Nova Scotia ( TSX:BNS ) reported second-quarter earnings that narrowly beat analyst estimates, but profits fell year-over-year due to uncertainty around interest rate cuts and inflation in the U.S. and abroad. Total revenue increased year-over-year to 8.35 billion Canadian dollars ($6.13 billion), up from last year's mark of C$7.91 billion and narrowly above analysts' expectations. However, profit fell to C$2.09 billion, or C$1.57 per share, from the C$2.15 billion and C$1.68 per share Scotiabank reported last year. Analysts expected net income of C$2.05 billion, or C$1.55 per share. Scotiabank saw net income increase in its wealth management division and international operations, while profit dropped about 4% year-over-year in the bank's Canadian operations due to higher provision for credit losses (PCL) and expenses. The bank also declared a quarterly dividend of C$1.06 per share, set to be paid out July 29 to shareholders of record on July 3. This will be the fourth consecutive quarter in which Scotiabank pays out a C$1.06-per-share dividend. Scotiabank and other Canadian banks report earnings to close out the month, with Toronto-Dominion Bank reporting earnings that also beat estimates last week. Scotiabank shares on the New York Stock Exchange (NYSE) were up 0.9% to $48.23 about 90 minutes before the opening bell but are down slightly since the start of 2024. Technical Outlook TSX:BNS stock is up 1.72% in Tuesday's Pre-market trading. Despite profit drop of 4% YOY, the stock managed to capitalized its profit as the ticker is performing well today.Longby DEXWireNews2
SBUX found bottom and may reverse LONGSBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago and two years ago shows SBUX to be at the same price level as the low pivot of 2022. Price has bounced off the lower most of the VWAP bands and moved up in the past three trading days with higher than usual volume. I believe that short traders are buying to cover and take realized profits in their trades. The more price moves up the more likely short traders will liquidate their positions and contribute to buying volume. A short squeeze could potentially set up here. I will take a long trade of shares and call options to profit from the price movement I anticipate. I will set a stop loss at 71.75 the piot low and a target of 93 under the mean VWAP black lines. The trade is anticipated to last 2-3 months and so the call options wll be taken with a four- month expiration. Longby AwesomeAvaniUpdated 8
Bitcoin Miner Riot Platforms Set to Acquire Bitfarms for $950M Bitcoin mining giant Riot Platforms ( NASDAQ:RIOT ) plans to acquire Bitfarms Ltd. for $950 million, signaling a significant consolidation trend in the sector after the Bitcoin halving event. Riot aims to take over Bitfarms after acquiring a 9.25% stake, offering $950 million in cash and stock, marking a pivotal moment in the industry's evolution. The proposed acquisition underscores the ongoing consolidation in the Bitcoin mining sector, spurred by the recent Bitcoin halving event. Riot's bid for Bitfarms, valued at $950 million, positions the combined entity as a dominant force in Bitcoin mining globally. This consolidation trend mirrors the larger shifts in the cryptocurrency market, as companies seek strategic alliances to navigate evolving market dynamics. Riot's offer to Bitfarms comes amid management upheaval within the latter, with Bitfarms recently terminating its interim CEO, Geoffrey Morphy, following legal disputes. Despite Bitfarms' rejection of the initial offer, Riot ( NASDAQ:RIOT ) remains steadfast, planning to push for discussions and propose new directors to enhance corporate governance. Bitcoin mining faces challenges post-halving, impacting profitability for miners. Riot, with its extensive mining facilities in Texas, aims to capitalize on market opportunities, while Bitfarms expands its global footprint, particularly in South America, leveraging cheaper electricity costs for mining operations. Both NASDAQ:RIOT and NASDAQ:BITF stocks surged post-announcement, reflecting investor interest in the Bitcoin mining sector, but sharply retraced to new support level currently trading down by 0.72%.by DEXWireNews3
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade here with the National MJ Day upcoming this weekend. I will target the horizontal levels of recent pivots as drawn in black on the 60 minute chart.Longby AwesomeAvaniUpdated 4
LIDR a technology penny stock LONGLIDR in the past week enjoyed a price and volume surge as can be seen on the 2H chart. It is currently price at a discount of 99% off the prior ATHs of three years ago. LICR makes the laser and vision systems to be used in self driving vehicles which is part of the story for TSLA and others in terms of future growth including the concept of RoboTaxis. That is to say LIDR is part of the supply chain for EVs and will play a role in their market penetration in future years. I will take a long trade here and swing it into the next earnings period for LIDR. My initial target is 4 with a stop loss at 3.25 to be raised as the price moves higher. Longby AwesomeAvaniUpdated 2
I'm on the fence, needs more time for decisionDistribution unless white resist breaks out. Shorter term bullish with price on top of EMA30. $applby DollarCostAverage1
TSLA MEGA Bearish StructureTime for a new updated chart in TSLA. TSLA has now formed a MEGA Bearish structure. While we are not near a Key area at the moment. The initial formation does not look good for the Bulls going forward. At this point, it would take a lot of effort (buying) to change the message of the market in this chart. While anything is possible it does not appear likely at this point. Having said that it can still bounce around in the middle of nowhere since the structure is so big, but the results will reveal themselves in time. For this reason, I will go ahead and mark it as bearish. CAUTION! is in order. Here are some of my previous charts and calls in TSLA. As you can see I don't miss too often in this name. Shortby RealMacroUpdated 190190303
NVAX will make us happy soon.1) RSI 2 moving averages will cross each other soon. Purple one 38.14 and Green one 38.69. If purple one cut above green one it will be buy sign. I am waiting for buying next year because this is monthly chart. I hope RSI's 2 moving averages will cross each other. 36.91, 35.21 and 31.72 were very important support line in the past and it reversed from this level. 2) Momentum is reaching 0 line. If it is less than 0, it shows that down trend. If it is more than 0, it shows that upper trend. Of course NVAX decreased a lot but Momentum is trying to exceed 0 line up. If Momentum is reaching 0 line from minus, it means that down trend is losing its power and it will be reversal of trend. 3) DMI indicator has 3 moving averages inside of it. ADX is red one and it shows that trend's power not direction. If it is less than 20, it means that this is sideways market. It will be more than 20 in the future. Now it is 16.2284. If ADX is more than 20, it shows that this security has strong trend. It can be upper or down trend, we cannot know. We have to check out prices or Momentum indicator. 4) It is not certain but can work why not. Target Price = Minimum 168. Maximum 330. Because i calculated like that: (Highest level of prices + Lowest level of prices)/2 = Target Price ALL COMMENTS DO NOT İNCLUDE INVESTING ADVICE!by EmirhanhmcUpdated 202018
Why This Aerospace Giant is a Must-Buy .As of the latest data, RTX Corporation is trading at $106.27, up 0.82% from the previous close. The stock has shown significant upward momentum over the past few months, hitting a high of $107.32 recently. With a market cap of $141.287 billion and a P/E ratio of 41.35, RTX is currently positioned as a strong player in the Aerospace & Defense sector. Simple Moving Averages (SMA): The 10-day, 20-day, 30-day, and 50-day SMAs are all trending above the current price, indicating a bullish momentum. The 200-day SMA at $87.45 suggests strong long-term support. Exponential Moving Averages (EMA): Similarly, the 10-day, 20-day, 30-day, and 50-day EMAs are also above the current price, reinforcing the bullish sentiment. Relative Strength Index (RSI): The RSI (14) is at 66.28, approaching the overbought territory. This indicates potential for a pullback or consolidation before the next leg up. MACD: The MACD level is at 1.50 with a sell signal, suggesting a potential short-term correction. Momentum: Momentum (10) is slightly negative at -0.05, indicating a neutral to slightly bearish short-term outlook. Volume: The average volume over the last 30 days is 6.45 million, with the recent volume at 3.43 million, suggesting moderate trading activity. This volume supports the current price action but does not indicate any significant divergence. Ichimoku Cloud: The price is above the Ichimoku Cloud, indicating a strong bullish trend. The conversion line (Tenkan-sen) and the base line (Kijun-sen) are also supportive of the upward movement. The weekly and daily charts show a clear uptrend with higher highs and higher lows. The stock has recently broken out of a consolidation phase, indicating a continuation of the bullish trend. The recent candlestick patterns are predominantly bullish, with minimal signs of reversal. The next earnings report is due in 57 days, with the last earnings showing significant YoY growth. The financials are robust, with total revenue and net income showing positive growth. The dividend yield stands at 2.22%, which is attractive for income-focused investors. Based on the current analysis: Long Position: A long position can be considered if the stock breaks above $107.50, with a target price of $114.50. The stop-loss should be placed at $104.00 to protect against downside risk. Short Position: A short position can be considered if the stock fails to break above $107.50 and falls below $104.50. The target for the short position would be $98.00, with a stop-loss at $106.50. Conclusion RTX Corporation shows strong bullish momentum with potential for further upside. However, given the RSI is nearing overbought levels and the MACD shows a sell signal, traders should be cautious of a potential short-term pullback. Long positions are favorable above $107.50, with a cautious approach advised around the $104.00 support level. Short positions are speculative and should be tightly managed. Longby AxiomEx2
We will wait to June or July for SEDG!!!1) I drew Resistance line on RSI Indicator. 2) I drew Resistance line on Momentum Indicator. 3) I drew Resistance line on CCI Indicator. 4) I drew Resistance line on MACD Indicator.by EmirhanhmcUpdated 3
ENPH Weekly/Monthly Analysis!1)I applied 2 moving averages on prices which have 5 period(red one) 20 period(green one) have cut each other and we got buy sign this week because we had to wait at the end of this week's closing candlestick on prices. 2) Also i have drawn resistance lines on prices and they have been broken this week with green candlestick. This is another buy sign. 3) RSI indicator has broken its resistance line this week and it will increase soon in my opinion. Also its 2 moving averages which are purple and green have cut each other. 4) Momentum has broken its resistance line this week. Also i applied SMA(8 period) on Momentum indicator. Momentum cut above its moving average and it is another buy sign. 5) MACD lost its strong down trend power as you saw. As i showed you on indicator, red bars are going sideways not going down showed us maybe reversal trend can occur.by EmirhanhmcUpdated 2
COIN BACK TO $281 COINBASE has broken out of a bullish triangle pattern it as been printing for days. A successful break and rest of the previous resistance zone on the weekly time frame. I expect COIN to continue its strong uptrend over the next few weeks. Longby BlackSheepFinancial3
AMZN Watch out from this resistance level!Amzn is printing a double top formation. it is possible for it to fail although: 1. Spx is also forming a double top formation and a correction can be anticipated 2. nvidia has to have a price correction that would drag the market with it 3.msft is also following the trendy chart pattern This next week is critical for all these stocks, wheather they can fight the resistance up top. gl to all traders "the twin killers of succes are impatiance and greed" - jim ronShortby Captainobvious5454Updated 2
Atlassian Corp (TEAM) BUYThe paper is in a weakening trend, but it is now touching the level shown in the picture for the second time. A rise can be expected again.Longby xMoranTomx3
MARA, gathering strength for multi day gains -- coincides marketMARA tri-monthly chart is clearly showing initial upside shift. Accumulation and volume has been notable this past few days. Net buyers are definitely positioning in anticipation of crypto market's season breakout. KEY NOTES: Tri monthly histogram has registered higher lows -- cementing the current price range as the base for the coming series of ascend. First "bubble up" volume indicator below indicates warning sign of an incoming series of UPSIDE movement. Near term goal is x4 price -- with extended high prospect of x10 returns within 12 months. Spotted at 10.0 TAYOR. Safeguard capital always. _______________________________ FUNDAMENTAL NEWS / from tradingview: Mining Output Up 77% In May Jun 3, 202306:35 GMT+8 KEY POINTS: Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month. The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million. Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics. Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction fees thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward. Marathon Digital’s Share Price Up 7% According to the unaudited Bitcoin production and miner installation updates published by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million. With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.” Fred Thiel, Chairman and CEO of Marathon Digital Holdings Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.Longby JSALUpdated 5545
NFLXPair : NFLX - Netflix Description : Double Top Resistance Level Completed " 12345 " Impulsive Waves Impulse Corrective Break of Structure CHoCHby ForexDetective3
Clean Spark is getting ready. 🚀CleanSpark (CLSK) is closely tied to the price of Bitcoin (BTC) because it is a Bitcoin mining company. When BTC breaks out, CleanSpark tends to follow. Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern. Once CLSK's price breaks out of this symmetrical triangle pattern, the next move will be confirmed, potentially targeting the previous resistance level at $40. Longby ValerianK17
PayPal (PYPL) POTENTIAL LONG OPPORTUNITYWhat's going on everyone! Hope you guys had an amazing weekend! Wanted to get on here and post a potential bounce swing opportunity I see here on PayPal stock. So let's not waste any time and let's dive right on! OK so when looking at the weekly chart you can see prices are edging to the upside. Making slight higher lows and higher highs and overall you can see that PayPal is a strong company and overall at a good price. On the daily timeframe you can see price is currently in am uptrend since October of 2023. Prices have been falling but they are coming down into a significant area of demand on the daily and weekly timeframe around 57-60 per share price average. SO with all this being said watch for a bounce play on PayPal. I have 2 upside areas I see price coming into. Since it is sitting below the daily 200 EMA I am not aiming for the stars on this at this time so expecting this to be a for sure bounce play right now based on historical demand for this stock.. So keep an eye out this week watch prices as they come down! Hope this post added some value to you guys! Please boost this post and follow my page for more accurate analysis! Cheers! Longby JosePips2
AMD BACK TO $200AMD has successfully retested its previous weekly resistance. I have also observed an inverse H&S pattern off of the resistance zone as well which is a strong indication of reversal. I expect this stock to preform well over the next few years. Longby BlackSheepFinancial4
RYCEY - potential C&HRYCEY seems to have complete a 5-count EW cycle and is due for a correction. This correction would create the handle of the C&H pattern, fulfillment of the pattern would launch RYCEY into another 5-count EW cycle potentially returning it to pre-COVID share prices.Longby tl932
Deckers Outdoor Corp. The Epic Bullish BreakthroughShares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter. The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close. The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet. Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%. The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10. Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025. The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet. Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share. by PandorraUpdated 2
Can we go back to reality?Congratulations NVDA, because you delivered everything you could deliver in terms of good results, however, can we get back to reality? Will the Black Monday that we experienced in 1987, in the DOW JONES index, be experienced again in 2024, and thanks to NVDA and technology companies? We know what happened between 1980 and 1985 to the American economy, right? It is known that in the 1980s and early 1990s, dollars could circulate freely around the world, so much so that we had a global economic miracle, and the world was swimming in booming growth. But, at the current moment, dollars can no longer circulate freely around the world (FED, China, Russia) and continue contributing to global growth? Therefore, the technological war we are experiencing today (chips and electric cars), diverted dollars to these sectors, further inflating this bubble that is about to burst. Speaking of electric cars, China is firmly dumping its electric cars around the world at very reasonable prices (as it has no intention of breaking its internal market – control), once and for all destroying the automobile industry in many emerging countries, oh my, no? Let's go graphics. Monthly: NVDA has reached the three golden levels of the FIB of the SETUP used, so there is nowhere else to go. So, SPX, get ready. The red lines are resistance points. Weekly: With the brilliant financial report recently released, prices are ready to seek the golden region of this chart period. The red lines are resistance points. Daily. Prices have reached the region of 100% of the bullish pivot. The red lines are resistance points. Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.by MacD_Bollinger1