🌟 Lumakras Breakthrough: Amgen (AMGN) pioneers cancer treatment with Lumakras, the first medication targeting a mutation found in approximately 13% of lung cancer patients. 💰 Strategic Acquisition: Amgen acquires Horizon Therapeutics for a substantial $28 billion in cash. Incorporates Tepezza, an FDA-approved medicine for thyroid eye disease, into Amgen's product...
In the first week of 2024, major U.S. indices turned to the downside. Year-to-date, the Nasdaq 100 declined by about 2.2%, the S&P 500 by 1%, the Dow Jones Industrial Average by 0.3%, and the Russell 2000 by 3%. The situation is no better overseas, where in the Chinese market, major indices also slipped lower. In particular, the Hang Seng Index lost about 5.3%,...
DRAX broken out of a bullish triangle this week. Bearish in my book. Expect retest at around 548. PS: This could also be a false breakout. This is not a recommendation to trade. Do your own research and make your own decisions.
Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the...
This is my analysis for SPY this week and if you have any questions feel free to leave your comment here. I am expecting a deeper retracement for now. All the levels have been discussed in this analysis. NOTE: UNDERSTAND & THEN TRADE WITH PROPER RR.
Hello Crypto Enthusiasts, 🚀 Exciting news! Master Chef is back in the kitchen, ready to serve up some piping hot hypotheses on crypto tokens, including potential meme tokens for us all to feast our eyes on! 🍲 Today, let's delve into why BTC is set to soar to new heights. 1.) 📈 EMA Health Check: The 4-hour time frame EMAs are looking fit and fabulous. Could this...
PTON long term profit ? Descending trendline break out, 150 moving average line break out, a resistance line break out in a high volume. Only an idea and not a recommendation for trading!
Technical Analysis and Outlook: The Spooz extended down movement from our designated target Key Res 4800 and Outer Index Rally 4807 and now rests comfortably at our Mean Support level of 4700. The current market conditions suggest we experience a squeeze that could take us down to the Mean Support level at 4644 and possibly even the Inner Index Dip at 4595....
yes absolutely, it is good as per market structure and exact reversible. my entry 291.30 and sl at 291 and target will be 597.65. Biocon going to boom with in 6 month or one year.
MSFT has turned neutral on its 1D technical outlook (RSI = 46.496, MACD = 1.200, ADX = 24.141) as the price reached the 1D MA50 for the first time since late October on a sideways price action. Since the 1 year pattern is a Channel Up, we expect its bottom to get tested (TP = 345.00) if the 1D MA50 is crossed. Consider it a bearish breakout signal. See how our...
AMD long term profit ? A popular stock + Cup & Handle pattern + Above the average line 150 + Chip field is "HOT" + UP trend line. Only an idea and not a recommendation for trading!
SHOP long term profit ? Cup & Handle pattern + Above the average line 150. Only an idea and not a recommendation for trading!
Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our...
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL...