$AFRM buyNASDAQ:AFRM news yesterday biggest buying volume since February brake-out above trend line notoriety on X.comLongby Kangaroo-Market1
ALB falling wedge - short then long?Starting from a weekly timeframe a falling wedge nearly 7 months in the making is observed on ALB charts. Notably the wedge formation appears beside rising momentum, drawing the supposition a price bottom could be forming. Considering trades, the question is whether a breakout is imminent or if the price will break down once more to retest the bottom of the wedge. Drilling down a 4 hour timeframe provides some insight. Has momentum failed to reach overbought, portending a drawdown? It could also be we're waiting for the final push of the current thrust... Overbought on the 4 hour chart could be nice for a couple reasons opportunity for short term short position (buy PUTs) setup to sell PUTs/buy CALLs at the bottom of the wedge, especially if momentum remains in an uptrend on longer duration charts (weekly, monthly) I recently traded the bottom side of a wedge on UNG, could there be a double trade opportunity on ALB? A drop first, then a big push through the top of the wedge? Shortby quickshiftinnUpdated 664
DISNEYIt´s not a trade. I buy this asset as an investor por long term. Good profits we can collect. Blessings. I´m already inside. But price can still go down to loook for the area I´ve marked. thks. Longby SGsauragestionUpdated 334
McDonalds in potential rising channelMcDonalds could be in a potential rising or sideway channel. What is your thought? Longby DavSab0
$ORCL The Matrix OracleNow that you have grasped the basic knowledge of the Matrix and its blueprint being conceptually Math, here we are diving towards the horizon which is the future trying to make sense of the math of the path. That lies ahead of us. Extracting the information required to navigate into the unknown which is the future which might have already happened, we don't need to understand our choices, or the cause of our choices, we don't even need to accept the effects of the causes that lie beneath the fabric of the Universe which is a Matrix. All we need to do is get some more views into my ideas because the math behind it might suggest that we are living in a block Universe and the Future is The Past. For the Aliens that Have conquered. A Black Hole. Nen. Not financial advice, but all rectangles and elements are projected simulated potential support/resistance. Looking forward to see if this conceptually math idea nen project resembles or makes sense even for the untrained eye, taking into account the price action that will follow after its inception. The Inception of the idea that everything is math and it all comes down to probabilities and potentials, doesn't need you to believe or see or understand. Your Subconscious might see it all in a fraction of a second of computational awesomeness that uses only 20watts to function, which is your brain. Good luck! by nenUpdated 14146
AMAT Shorting scenariosA little project for a short bias on the AMAT with 3 potential scenarios in mind. A fall from the first pink rectangle, or from inside it if the top edge becomes resistance. Second scenario is resistance met at the white curve. 3rd scenario is similar but at the purple curve. These should only be considered if the earnings don't push this with a stellar gap higher. If the earnings report is decent, but no buying enthusiasm and/or appetite transpires from the price action, any signs of shorting opportunities and/or setups should be carefully considered and analyzed with the preferred lens, approach, method or other sources. As usual, all elements are envisioned potential support/resistance zones/forces.Shortby nenUpdated 0
Google is looking bullisbThis chart looks way bullish. I il do the breakdown soon. If you have any doubts you can DM me hereLongby THECHAARTIST113
AMC to jump 1700% with move to $90 in 2024?There is evidence for such a move. On the above 5 day chart price action has corrected 99% (August 2023 share split accounted for). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. This breakout occurs after 1071 days of resistance. 2) Market participants are opening up long positions on every test of the golden ratio. See daily chart below. You have to look left until early 2021 to see a repeat of this behaviour. 3) The falling wedge is used to forecast a target area. Oddly enough that target area is matched by the top of the downtrend channel. Is it possible price action continues the downtrend? Sure. Is it probable? No. Ww Type: trade Risk: <=3% Timeframe for long: sooner than late Return: 1500% at least Golden ratio test (green line) Longby without_worries9938
PEP braking support?NASDAQ:PEP It should no break that trend line or support at $160, if it does its gonna be very ugly.by mickaelgameiro221
Tesla to 345 ish, copying the same move up from 2023, Maybe the downtrend has finally been outrun, depending on how steep you look at it?Longby mmamng9rnz1
AAPL this has leg to continue UPNASDAQ:AAPL Look at this perfect golden cross pattern, has legs to continue up, not adding at all time highs, just on pull backs. Support worked out really well at $168Longby mickaelgameiro0
Starbucks Has Bounced. Will it Last?Starbucks has trended lower for more than a year, and some investors may see further downside risk. The first pattern on today’s chart is the bearish price gap on May 1 following poor results. SBUX has rebounded since the drop but is now stalling near the 50-day simple moving average. That may reflect weakness in the intermediate term. Second, the recent peak was almost $1 below the April 12 low. Is new resistance developing below old support? Third, stochastics jumped to an overbought condition and is now retreating. Finally, the fundamentals may be challenged as management warns of cautious consumer spending. It’s also discounting products in China and former CEO Howard Shultz said on May 6 the company needs to overhaul its culture and stores. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. by TradeStation3
Clear 20% upside potential within few monthsTechnical analysis speaks for itself. Some key facts: Analyst Wamsi Mohan rates Apple as Buy with a $225 target, citing capital return, Gen AI, iPhone 16, and profit growth as growth drivers for 2024. Apple to unveil new iPad versions on May 7, featuring OLED displays, updated chipsets, and redesigned Magic Keyboards, aiming to boost falling Mac and iPad sales. Apple's iPhone sales in China fell 19% in Q1, the worst since 2020, losing share to Huawei. Government ban impacts sales. Apple cuts prices, plans new strategies to boost sales.Longby rtlustymenUpdated 7
$AMC Descending Broadening Wedge FormationOverview: NYSE:AMC is currently exhibiting a classic descending broadening wedge formation, a bullish reversal pattern that suggests potential upward movement. This setup is characterized by two diverging trendlines, with the price making lower lows and lower highs within the pattern. Long-Term Target: Based on the wedge formation, our long-term target is a move back to the top of the descending broadening wedge, around the ~$300 level. This target aligns with historical price action and significant resistance areas. Short-Term Targets: Before reaching the long-term target, NYSE:AMC is expected to hit several key resistance levels. Our short-term targets are in the $10-$15 range, where the price is likely to encounter the major resistance trendline. Trade Strategy: Entry Point: Look for entry opportunities near the lower boundary of the wedge, ideally around current support levels. Short-Term Profit Taking: Consider taking partial profits as NYSE:AMC approaches the $10-$15 resistance zone. Stop Loss: Set a stop loss below the recent swing low to manage risk. Technical Indicators: RSI: Monitoring for oversold conditions that could indicate a potential reversal. Volume: Increased volume near support levels can confirm buying interest and potential breakout. Conclusion: The descending broadening wedge on NYSE:AMC suggests a potential bullish reversal, with significant upside targets in both the short and long term. Traders should watch for breakouts above resistance levels and manage risk accordingly.Longby STP_MrNodeItAll1
Bearish, TSM Bear Put SpreadDebit play TSM topping out here, short 38 day Jul 19th -160 +165 275 max profit on 225 capital allocated or 122%Shortby leongabanUpdated 1
$MSTR tricky path to $3000+?This looks like the most interesting long setup in crypto mining should the opportunity present itself. In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short. If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which will bring us into the sub $1000 support zone. If we get down there, I think that'll create a great buying opportunity and price should surge higher into the $3000+ resistance level. So if you buy the bottom and sell towards the top, there's 3x gains to be had. I'll likely play this in both spot and options as there will be great money to be made if you can time this well. Good luck.Longby benjihyamUpdated 7725
AutoZone in the ZoneFundamentals aside, NYSE:AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative momentum, this is a known pattern with a high probability for the price to rebound to its 55 EMA D. Extra points that takes the probability even higher for the pattern to play out in my favor and for the continuation of the main trend. Classic bullish price/momentum divergence on the daily Confluence of the 55 EMA D and the next liquidity zone in the VRVP Longby CryptoMaister2
GAMESTOP: The Party Is OverRemember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing. Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.Shortby ARESABIUpdated 884
peeking $PFE's levels to manage my positionPfizer Inc. is the best gene therapy stock to buy now. Pfizer expects an FDA decision for Marstacimab, a potential once-weekly subcutaneous treatment for hemophilia B. They also started a Phase 3 study for osivelotor in sickle cell disease. New Product Approvals: Pfizer’s recent product approvals include Abrysvo RSV vaccine, Velsipity (etrasimod) for ulcerative colitis, Penbraya pentavalent meningococcal vaccine, Zavzpret nasal spray for migraine, Litfulo (ritlecitinib) for severe alopecia areata, and Beqvez (fidanacogene elaparvovec), a one-time gene therapy for hemophilia B.Longby KhanhC.Hoang0
$CSLR Turn Around PlayNASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps. This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over 50% on averages up shares. I will be looking to add on just about any pullback. My idea your money, do the research to see if the risk meets your trading style. Longby jaxdogUpdated 0
6/12/24 - $lz - interesting at $8 but still unconvinced; need G!6/12/24 - vrockstar - NASDAQ:LZ - scanning some fringe names this morning that are on a long list of "haven't check in a while". and had sent this text to a friend that's closer to this stuff to inquire his opinion. would love to hear yours in comments if any? this is my current thoughts/ and that text (verbatim): "You have an opinion of legalzoom (LZ)? It’s been on my internet cos list for ages and doing some fringe scans this morning. Margins are good, they are now spending less every year on opex (both sales and R and D), and still growing HSD. Currently profitable. But still a lot of stock comp which is par for the sub 5-10bn cap cos (it’s 1.4bn). Net cash and health balance sheet. 2x sales for 7-8% growth. What gives. Are they just running a treading water race (seems this way). If tech isn’t growing at least 15%, there’s someone that’s doing faster and eating the industry pie. That’s my sense. And if opex is declining this is then solving for profitability. At 1.4bn you don’t do this if you plan to scale this into an industry leader esp w net cash balance sheet and having spent so much already to have the brand established. Am I thinking about this the right way? My conclusion is every asset has a price so if I got it for 1.25-1.5x sales or say 800mm, interesting but not convinced it’s more than a trade (eg compounder). Alternatively if mkt rips today on inflation/ fed… this is the last horse that will run fastest. Clear sidelines for me unless you think the product/ industry is still beginning of S curve and so world needs to catch up to doing online legal stuff. I’m which case it’s cheap, by a lot. What’s your take? I’ll throw it to my fam and see if anyone comes back w thoughts too.by VROCKSTAR0
GILD will be selected for the new Tamiflu vaccine for Pandemic2It's no secret the elite are manufacturing pandemics to herd, destroy and remake society into a neofeudal system controlled by social credit scores. The next pandemic will be H1N1 which has already been shared within the news that milk in the markets has trace amounts of (no worry they say!). After the establishment rolls out bird-flu for everyone's summer bingo card - Gilead Sciences, the only company that manufactures Tamiflu with options, will be selected to mass create these new vaccines. The call options on this company are going crazy right now, July, August have a ton of OTM calls being bought, almost like someone is expecting this company to get the greenlight on something major. You could effectively buy .05 OTM calls on this company, but I'd wait a little longer. The TTM squeeze shows the last leg down is being finished. If the market's capitulate a little more, this would be a perfect time to buy those calls for this company.Longby EmptyEternityUpdated 10
AAPL or Apple shares Buy PossibilityApple shares had same negative news, lawsuit and such. We see a nice defensive support line around 169.35, we have gone up from here before. Simple 1/1 ratio stoploss to take profit back to the 2 previous tops.Longby BetguardianUpdated 6