Not financial advice. NYSE:TSM On its way to the top of channel will this be a break or bust? so far Fibonacci numbers align with the correct retracement. Bulls need to step in. Like and subscribe Thanks.
In an overview, I see a trend and correction that finished at 50-61.8 Fib Ret. It is coming back to new uptrend and in my idea it will start after passing of 165 level. Next targets has been shown in chart. If triggered, set a sure SL for your trading.
The US #Dollar is trading in the middle of its range since Late 2022. It is also holding the recent uptrend well. TVC:VIX is a tad lower today. #Gold & #Silver still look good, Daily & Weekly. Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move. (took some off recently but still have large position) AMEX:CEF AMEX:GLD
Cisco Systems ( NASDAQ:CSCO ) reported better-than-expected revenue in its third-quarter earnings announcement and raised its full-year revenue guidance. The company's revenue for the fourth quarter of fiscal 2024 was $12.7 billion, a 13% year-over-year decline but higher than analysts anticipated. Net income came in at $1.88 billion or 46 cents per share, down...
Treasury bond TLT has been trading lower since the start of 2024, but after an impulsive rally at the end of 2023, we believe it's just making and finishing a deep A-B-C corrective decline. It's actually now coming into key strong support zone at 61,8% - 78,6% Fibo. retracement and channel support line, from where we should be aware of bounce, recovery and...
Not financial advice. AMEX:DNN trying to go to the top of the broadening formation bulls need to step in and confirm. like and subscribe. Thank you.
In financial trading, a "bullish bat" typically refers to a specific chart pattern within technical analysis. It's a harmonic pattern that traders look for on price charts to potentially predict future price movements. The bullish bat pattern is characterized by several specific Fibonacci ratios among various points on the chart, usually involving retracements...
Weekly Breakout of HONEYWELL and there is a resistance at 209-210. If it break that level which creates double bottom pattern breakout as well. Buy at or above 210 for a target of 234-235.
NYSE:F Incredibly cyclical. Ford with it's great earnings recently and having just given out dividends should slowly climb up like it does. We should see it challenge the upper level of the macro pennant. If the momentum is good and the company can release some good news possibly at the beginning of June, then we should see a surge out of the $12 range and up into $13.
This is a follow up to my $177 breakout call (click). Nearing a significant resistance around $188. Expecting a pullback but the market is strong. At the least we should get some sideways action. $ 187.49 - 188.98 is the immediate resistance of interest. $ 197.94 - 199.63 is next major resistance and maybe top. $ 181.95 - 182.39 is first good support that...
I prefer to use Elliott Wave Theory for following equity markets, gold/silver, and Bitcoin, and I avoid using Elliott Wave Theory for individual stocks, with a few exceptions (MSFT, NVDA, and a few others). I do think NVDA wlll make a move above 1000 soon, with an ideal wave 5 of (3) to be above 1150. Its bounce from 756.06 looks to have a plenty of potential to...
MicroStrategy ( NASDAQ:MSTR ), recognized as the world's largest corporate holder of Bitcoin, has recently been included in the MSCI World Stock Index, which has significantly enhanced the liquidity of its stocks. The company's stock price has consistently outperformed Bitcoin's price over the past year and into early 2024. Notably, on May 14, the NASDAQ:MSTR ...
NYSE:MPC is a fantastic company, but is falling with the rest of the energy sector. Starting with the weekly chart: Its fallen out of the 12 month regression channel and is at the middle of the channel from where its uptrend began in the fall of 2020. The composite index is at the 3rd most oversold level on the weekly, prior being the covid low and the July...
Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow...
If you have any questions or comments feel free to comment down below!
I see potential in this company. This is not gonna fall down less than $4.22
Scalp NYSE:CRK BUY $10.64 SELL $10.82 ASK $0.18 I could hold this longer but I am looking for small moves.
NYMEX:CL1! Longer term trend is still bearish. But Price is trading above 50 SMA, suggesting a short-term bullishness. Will attempt for intra-day longs today with stops below the 50 SMA.