Texas Instruments WCA - RectangleCompany: Texas Instruments Incorporated
Ticker: TXN
Exchange: NASDAQ
Sector: Technology
Introduction:
Today, we turn our gaze towards Texas Instruments Incorporated (TXN), a distinguished player in the Technology sector listed on the NASDAQ. The weekly chart reveals a Rectangle pattern that has been in formation over the course of 490 days, indicating a possible bullish breakout.
Rectangle Pattern:
A Rectangle pattern typically denotes a period of market consolidation, before the price action resumes/reverses its prior direction. The pattern is characterized by price movements within a well-defined support and resistance range.
Analysis:
Previously, TXN was on a downward trend, which was halted by a consolidation phase, creating a Rectangle pattern over 490 days. This pattern, with its three touch points at the upper boundary and two at the lower, suggests a likely bullish breakout.
At present, the price is above the 200 EMA, signaling a bullish market. If we observe a successful breakout above the upper horizontal resistance level of 186.31, it could provide a promising opportunity for a long position.
In the event of a successful breakout, the price target would be situated at 226.52, representing a potential gain of about 21.60%. Please note, a minor resistance may be encountered at 200.97 en route to the price target.
Conclusion:
Texas Instruments' weekly chart displays an interesting setup with a bullish Rectangle pattern, hinting at a potential reversal of the previous downtrend. This setup could offer a beneficial long trading opportunity.
As always, use this analysis in combination with your overall market research and risk management strategy, not as direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
Nyse
Agnc Investment Corp Price Prediction! To The Upside Here We Go!• Price Created The Bullish Continuation Pattern (Falling Wedge) Starting 2nd February 2023 Till 25th May 2023.
• While Creating This Pattern, The Price Reacted & Bounced Back From 0.786 Fibonacci Level 26th May 2023 Suggesting The Retracement Been Completed.
• 30th May 2023 The Price Broke The Falling Wedge Trendline Followed By Minor Correction On 1st June 2023.
• I Prefer To Enter It On 1st June 2023 Opening & Since Then Price Move Upwards & Reached Its Peak On 27th June 2023 Simultaneously Completed The Double Top Pattern Signalling/Hints A Potential Reversal To The Downwards. I Sees It As A Minor Correction Before The Price Goes Higher
• During The Downwards Movement, Price Reacted & Bounced Back From 0.618 Fibonacci Level. If You Entered On 6th July During The Retracement, Potential Gain Of 9.32% @ Usd 0.88 Been Achieved
• Now The Price Is Testing The Previous Double Top Pattern & Successfully Breaks It Only By A Shadow On 13th July 2023.
• Nevertheless, The Downside Risks Always Exists. Always Trade With A Proper Risk Management & Stop-Loss Intact.
Trading Strategy:
Entry At Usd 9.17 (1st June 2023 Opening Price)
Take Profit Price:
-Tp 1 : Usd 10.86 @ 18.54 % Of Potential Profit/Return
-Tp 2 : Usd 12.22 @ 33.26% Of Potential Profit/Return
Cut-Loss : Usd 8.57 @ 6.54 % Of Potential Losses
Entry At Usd (7th July 2023 Opening Price)
Take Profit Price:
-Tp 1: Usd 10.86 @ 15.01 % Of Potential Profit
-Tp 2: Usd 12.22 @ 29.18 % Of Potential Profit
Cut-Loss : Usd 9.05 @ 4.33% Of Potential Profit
-]Always Trade With Your Stop-Loss Intact!
-Trade At Your Own Risk (T.A.Y.O.R.)
Lets Continue To Monitor The Price Movements Together & Share Your Thought Below!
CBRE Group WCA - Rectangle PatternCompany: CBRE Group, Inc.
Ticker: CBRE
Exchange: NYSE
Sector: Real Estate
Introduction:
Today, our focus is on CBRE Group, Inc. (CBRE), a leader in the Real Estate sector, listed on the NYSE. The weekly chart exhibits a Rectangle pattern, suggesting a potential bullish breakout.
Rectangle Pattern:
The Rectangle pattern typically forms during periods of market consolidation, acting as a pause in the trend before the price action continues or reverses. The pattern is characterized by price oscillations between a well-defined support and resistance level.
Analysis:
Previously, CBRE Group was in a clear downtrend (represented by the blue diagonal resistance line), which was interrupted by a consolidation phase, forming a Rectangle pattern. The pattern, with three touch points on both the upper and lower boundaries, implies a potential bullish breakout.
Currently, the price is above the 200 EMA, indicating a bullish environment. If we see a successful breakout above the upper horizontal resistance at 87.78, this could present a valid opportunity for a long position.
In the case of a successful breakout, the price target would be set at 108.82, representing a potential gain of approximately 23.76%.
Conclusion:
The CBRE Group's weekly chart presents a compelling setup with a bullish Rectangle pattern, hinting at a potential reversal of the downtrend. This setup could offer a favorable long trading opportunity.
As always, this analysis should be used in conjunction with your overall market research and risk management strategy, and not as direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
Mastercard Incorporated WCA - Rectangle PatternCompany: Mastercard Incorporated
Ticker: MA
Exchange: NYSE
Sector: Financials
Introduction:
Our focus today is on Mastercard Incorporated (MA), a heavyweight in the Financial sector, listed on the NYSE. The weekly chart is revealing a Rectangle pattern, which indicates a potential bullish continuation.
Rectangle Pattern:
The Rectangle pattern typically appears during periods of market consolidation and can suggest a continuation/reversal of the trend, bullish or bearish, depending on the breakout direction. It is defined by a trading range where the price oscillates between a clear support and resistance level.
Analysis:
Previously, Mastercard was clearly in an uptrend, which was interrupted by a consolidation phase forming a Rectangle. This pattern, lasting for 1092 days, is interpreted as a bullish continuation. There are five touch points on the rectangle's upper boundary and two on the lower one.
Currently, the price is above the 200 EMA, which supports our idea to look for bullish opportunities. The latest candle movement shows the price breaking above the rectangle's upper boundary, signaling a potential long entry point.
Assuming a valid breakout, the price target is set at 506.86, suggesting a potential gain of approximately 28.56%.
Conclusion:
Mastercard's weekly chart presents a promising setup with a bullish Rectangle breakout, indicating a potential continuation of the uptrend. This setup could offer an excellent long trading opportunity.
As always, this analysis should be used in conjunction with your overall market research and risk management strategy, and not as direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
US30 Facing Resistance: Potential Retracement in Bullish TrendThe US30 index is facing rejection at the daily resistance level that has been established. A false breakout occurred as the price briefly moved above the resistance, but it has since retreated back within the resistance zone, indicating a potential dip. This suggests a potential retracement within the ongoing bullish trend.
TSLA: Expanding Channel Signals Critical JunctureTSLA is currently exhibiting a prominent expanding channel on the weekly timeframe. The price is nearing the weekly resistance, which also coincides with the upper boundary of the expanding channel. At this juncture, two scenarios are possible. Firstly, if the price adheres to the resistance level and the upper boundary, we can anticipate a downward movement, leading to a potential market downturn. Conversely, should the price exhibit a bullish breakout above the resistance and upper boundary, we can expect the rally to continue with renewed momentum.
NVDA: Bullish Channel Suggests Potential Reversal and RetestNVDA is currently exhibiting a bullish channel pattern, indicating a potential reversal towards the lower boundary. If the price indeed follows this anticipated reversal and reaches the lower boundary, there is a possibility of another bounce to retest the swing high on the daily timeframe.
NDX Expanding Channel: Short Opportunity at $15250 ResistanceOn the hourly timeframe, Nasdaq has established an expanding channel with a notable resistance level at $15250, which has recently acted as a sell zone. Currently, we are anticipating the price to validate a breakout below the lower boundary of the channel. Once confirmed, we will consider entering a short position.
AAPLE May retrace back towards the resistance formedAAPL has recently experienced a breakout, surpassing a significant resistance level and reaching a new all-time high. It is anticipated that the price will retrace back to the previously broken resistance level in order to find support and attract additional buying pressure. This retracement will likely serve as an opportunity to accumulate more shares before the bullish trend continues.
TESLA CHART - WEEKLY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
TSLA Forms Bullish Expanding Channel, Targets Breakout above $35TSLA has formed an expanding channel on the weekly timeframe, indicating potential bullish momentum. Currently, there is a bullish rally approaching the daily resistance and the upper boundary of the channel. Once the price reaches these levels, it's crucial to monitor closely for signs of either a breakout or a reversal in the price action at these key levels.
Should TSLA manage to break out above the daily resistance and the upper boundary of the expanding channel, it could trigger a significant rally to the upside, potentially surpassing the $350 mark. Traders and investors should keep a watchful eye on these price levels to make informed decisions based on the evolving market structure and price behavior.
BABA with a Bullish Breakout on the Daily trendBABA has recently confirmed a bullish breakout on the daily trend, indicating a potential continuation of the upward momentum. The formation of a triple bottom pattern further reinforces the bullish outlook. As long as the support level holds, we can expect the price to rally towards the recent highs around $105. Traders should monitor the price action for further confirmation and adjust their strategies accordingly. It's important to stay informed about the latest market conditions and news related to BABA for a well-rounded analysis.
SPX 500 Analysis(Rising Wedge Pattern)!SPX 500 Analysis on Weekly Timeframe!
Rising Wedge Pattern in SPX500
Rising Wedge Pattern Formation after a Strong Downtrend
SPX500 was in downtrend before now we are seeing a temporary uptrend but if we observe carefully it is an unstructured uptrend, for trend reversal it has to break 4323.56 level. Now SPX500 has formed a Rising Wedge Pattern. This pattern formation happened after a long down move. Now SPX500 is taking a pause and trading inside a wedge. If SPX500 able to break Support Trendline then the Primary trend will continue which is a Downtrend. I have done all important Analysis on the chart. I hope this will help you to forecast the further direction of SPX500.
Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
Starbucks on a Strong Daily Support looking for a Bullish RunStarbucks is exhibiting a robust support level on the daily timeframe. The price has shown a bullish sentiment by respecting this support level. As a result, we anticipate a bullish reversal and the formation of an upward trend. This bullish momentum could potentially drive the price to revisit the $107 level.
Exxon Mobil is on an Important Key Level inside the ChannelXOM is currently displaying a significant key level on the weekly timeframe. Anticipating a bounce from this key level, the expectation is for the price to move towards the highs around $120. This would mark the fifth impulse within the established channel.
Meta is Continuing the Rally towards the Next Key LevelFollowing the recent breakout on the initial key level, a continuation of the bullish rally is expected, driving the price further upward. The anticipation is for the price to maintain its bullish momentum and move towards the next key zone formed.
Apple On a Major Resistance, Take a Close Watch on this LevelAAPL has reached a significant resistance level on the weekly chart, showing signs of selling pressure. If the price revisits this level, it could repeat the previous selling pattern. However, if a clear breakout occurs, a new all-time high may be established, indicating a continuation of the current bullish trend.
Tesla with a Bullish Cup and Handle Pattern holds Rally AheadTesla has formed a cup and handle pattern, with a confirmed breakout on the handle. To sustain the upward momentum, it is important for the price to confirm a bullish breakout on the key level. This confirmation will indicate a continuation of the rally to the upside.
Invitation Homes Inc. DCA - Rectangle PatternCompany: Invitation Homes Inc.
Ticker: INVH
Exchange: NYSE
Sector: Real Estate
Introduction:
Today's technical analysis focuses on Invitation Homes Inc. (INVH), a key player in the Real Estate sector, listed on the NYSE. The daily chart presents an unfolding Rectangle pattern, indicating a potential breakout scenario for bullish investors.
Rectangle Pattern:
The Rectangle pattern is typically observed during periods of market consolidation and can signify either a bullish or bearish reversal or trend continuation, depending on the direction and place of the breakout. It's characterized by a trading range where the price oscillates between a defined support and resistance level.
Analysis:
Earlier, Invitation Homes was experiencing a distinct downward trend, as represented by the blue diagonal resistance line. However, the trend appears to be shifting, with the price now consolidating within a Rectangle pattern that has been forming for the past 238 days. It acts as a reversal pattern.
Recently, the price closed not only above the 200 EMA but also above the rectangle's upper boundary at 34.15, so we could enter this trade directly. We would ideally like to see the price break above the diagonal resistance line.
Assuming the breakout is valid, the price target is projected at 39.73, indicating a potential upside of approximately 16.34%.
Conclusion:
Invitation Homes' daily chart suggests a promising setup in the form of a Rectangle breakout, implying a potential bullish reversal. This configuration could provide a favorable long trading opportunity.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions..