LULU stock appears oversold after a downward trend reached key support around $250. The stock seems to have bottomed over the past month. If it holds above the $250 support level, it is poised to break out of the consolidation pattern and move upward toward the resistance zone between $360 and $380.
BE's stock price shows signs of potential upside after forming a reversal pattern and finding support in the $10 to $10.6 zone. There is a possible move toward $15, and if it successfully breaks out of the downward trend, it could establish an upward trend.
RIVN is clearly in a downward trend, but there's support around 10.2 that could trigger a short-term bounce. If the stock manages to hold above this level, it could rise toward 18 by year-end. However, if 10.2 fails, the stock may drop further into the 8.8–9.2 support zone.
Is ALB stock ready for a major rebound after a long decline? ALB's stock price has rebounded from a long-term upward trend near 71.65 after nearly two years of decline. Recent price rejection during the current quarter suggests a potential bottoming. ALB is facing resistance in the 107–110 zone, while support lies between 79 and 85. Although the stock remains...
EURGBP is consolidating and a breakout seems likely if it remains above 0.84. Support levels are around 0.841 to 0.843, with a short-term target of about 0.850 to 0.852. There is potential for EURGBP to move above 0.852 later in Q4 2024.
The GBPAUD currency pair is expected to rebound if it approaches the key level of approximately 1.943. Should this level hold, a plausible short-term target for the pair could be 1.962.
Google's stock price is currently trading near a key support zone between 140 and 155, which may present a dip-buying opportunity for investors. The potential price targets are between 180 and 200, while the downside risk is around 139.53, the stock's closing price from last year.
The recent price movements in EUR/GBP, combined with its monthly pattern and the approach to a key level around 0.841, strongly suggest a potential reversal toward 0.85 and 0.86.
eBay Inc. (EBAY) stock has recently broken out of its base pattern and is approaching key levels at $64 and $76. If the stock remains above $56, it indicates that the momentum could persist, potentially driving further gains.
Wayfair stock (W) has underperformed the market so far this year, trading within a broad range of approximately $30 to $90 since 2023, indicating a sideways movement. The stock has established a support range between $34 and $40, making it attractive for traders looking to buy at these levels. While Wayfair is still not ready for a breakout, it is making a strong...
Chipotle (CMG) stock has recently dropped from its peak of $56.92, breaking below its previous quarterly low and showing a decline in short-term momentum. This decline suggests that the stock has lost some of the gains it accumulated since 2023. Historically, CMG has faced significant declines, ranging from 40% to 75% from its peaks. However, despite these recent...
OGIG ETF presents an almost 40% upside potential opportunity for long-term investors. The stock pattern indicates that the uptrend momentum has picked up again and is likely to continue throughout the year.
Moderna (MRNA) stock price shows potential for a reversal near the $120 support level. If the stock remains above this critical support, it is highly likely to reach a target range of $185 to $200 by the end of the year.
AAPL has shown signs of bearish exhaustion and is likely to slowly rebound towards 174. There's a potential upward movement that could push the price higher, possibly reaching the 178/179 range by the end of April. Traders are expected to show buying interest around 168 and 170.
XIT (iShares S&P/TSX Capped Information Tech Index ETF) is currently consolidating, with potential for a 10% upside if the price reaches the range of 52 to 53. The target zone for this possible move is approximately 57 to 58, with a potential pullback expected at that level.
GBPNZD appears to be heading downwards towards 2.08
Costco stock shares are nearing a zone of buying interest between 660 and 680, presenting an opportunity for bullish traders. On the upside, the region between 740 and 800 is likely to attract bearish sentiment during the second quarter of 2024
SPY is currently exhibiting increased volatility, which could offer opportunities for traders to consider buying dips and selling peaks. The area around 513 may attract trader interest, with a corresponding risk level near 508. Upside potential is identified around 522 and 523. This period of volatility is expected to continue until the end of April 2024.