Price came out of stage 1, creating a nice base on daily TF. Price is being followed by 20 EMA. Volume activity is also stable.
Price is contracting nicely near its swing highs. Price is currently in Stage 1. Some areas of liquidation are to be looked out for before initializing a position.
The Stock CHEF is in a tight range and creeping up nicely on the base. Volume increasing over the last 3 days. I have a buy to open order waiting at $39.85 and a $43 ENTRY = $39.85 STOP LOSS = $38.50 1ST PROFIT = $42.93
Stock have corrected as much as it wanted. Now after forming base it have given break-out of its base and falling trend line. Volume guttering is too good before giving break-out and breakout candle. It's only for education purpose. I will not be liable for your anyone lose.
Fundamentals The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless,...
The stock has been trading in a range since the last few months between 330-390 after breaking the IPO base Company has issued a QIP at 341rs/share for 500cr and has a pending order book of 1000+cr and a new order worth 457cr and 16cr a range break of 330-390 on the upside can take the stock up to 880 levels
Fundamentals Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20 However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price...
Sector: Industrials - Marine Shipping | Country: Monaco Company Overview: Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the...
In the intricate world of market patterns, OKB appears to be retracing familiar footsteps, echoing fractals of its past movements. A closer look suggests the formation of patterns reminiscent of a previous significant breakout. Let's delve into the current landscape of OKB and the potential for another explosive move. Chart Analysis: Unveiling the...
Sector: Consumer Cyclical - Residential Construction | Country: USA Company Overview: Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc....
Fundamentals The market right now is full of companies acting like prime AI bets . From what I can tell, NYSE:INFA is one of the more legit ones, building an AI-powered platform for multi-cloud system The valuation is slightly stretched but that is to be expected in a hot sub-sector. Hence, we need to gauge it against the industry, where INFA is exactly ...
Fundamentals I have recently published a trade idea for another cybersecurity stock ( NASDAQ:QLYS ) and seems to have become a theme. The cybersecurity sector is rallying on the back of geopolitical tensions and some stocks, like NASDAQ:CYBR have put some lovely technical setups The fundamentals here are not as pristine as in the case of NASDAQ:QLYS ...
Fundamentals I do not wish to dwell on fundamentals too much; I am more impressed by price performance and I am always guided by the price as I consider the collective wisdom of the market the best indicator However, the growth of the company has still been strong, with sales consistently rising by 20% and above Mainly though, Coursera has future -...
The actuality of cybersecurity for Russia in the absence of global brands becomes even sharper and provides unique opportunities for the best local provider to capture growing market share. Stock price technical perspective still illustrates strong up-trend, with some caution signals to be mindful about if one decides to trade it. On a weekly time-frame,...
RIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive). It's RSI is very strong and...
CVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility...
CFLT broke above a basing neckline on 2nd June and has now pulled back to retest this neckline for since the last few days. So far, this neckline is still proving to be a support and it could be a good time to stake into the new uptrend that is emerging (with initial stop loss below the neckline at $31.50). Other technical factors that have lined up to...
PLTR had been basing in the past 1 year and is now attempting to break out above the neckline @ 11.62. During this basing, there were some strong volume accumulation in Feb and then again in May (both times earnings inspired). A breakup on strong volume is always desirable and increased the odds of a sustainable rise, with near term target @ 14.50 (and good...