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Heading Into Earning With a Bearish FlagNASDAQ:ASML a leading chipmaker is showing an interesting pattern! In the short term, momentum appears bullish as the price has crossed the 20 SMA and is approaching the 50 SMA, with analysts expecting positive earnings. However, on the daily and weekly charts, a bearish flag pattern is forming, which suggests a potential downtrend. If the price breaks above the 849 resistance, the bullish momentum could continue, but if it fails, the downtrend may push the price towards the 775 support level.
NASDAQ:ASML
by David_874
2
POSSIBLE BUYS ON NIKE💡 Today we analyze Nike (NKE) Nike is a solid company in a downtrend, approaching a key resistance and the bearish trend line at $100. Breaking this barrier could signal a recovery. 1. Operational Strength: Nike leads the sports sector and its digital channel continues to grow. 2. Global Expansion: Its focus on sustainability and technology gives it an advantage. 3. Technical Opportunity: Breaking $100 would confirm a possible trend change. 4. Risks: It is crucial to wait for technical confirmation and consider external factors such as inflation and changes in consumption. This analysis is not an investment recommendation.
NYSE:NKELong
by AnalisisDeBolsaDiario
Nvidia update.I told my self that am no longer react to negativity as my work speaks for my selfs,150 is our first target while they are still looking for more sell,just a small pull back to 129 positions yourself n target 150 dont goo against the trend bcz it's been buying ,they trend up all of stocks that i trade they only do corrections after they reach targets,even if we have recession is for short time to sell even I it can for 6 mouths or 11 but that's what a corrections but we trend were up,soo until you understand this you will be able to manage to trade n hold your trades for a very long period,am not gonna share everything but bit by bit I will try my best l.
NASDAQ:NVDALong
by mulaudzimpho
Nvidia update.I told my self that am no longer react to negativity as my work speaks for my selfs,150 is our first target while they are still looking for more sell,just a small pull back to 129 positions yourself n target 150 dont goo against the trend bcz it's been buying ,they trend up all of stocks that i trade they only do corrections after they reach targets,even if we have recession is for short time to sell even I it can for 6 mouths or 11 but that's what a corrections but we trend were up,soo until you understand this you will be able to manage to trade n hold your trades for a very long period,am not gonna share everything but bit by bit I will try my best l.
NASDAQ:NVDALong
by mulaudzimpho
Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94Overview: Arm Holdings (NASDAQ: ARM) is forming a classic Head and Shoulders pattern, a bearish reversal pattern that signals a potential drop in price. The pattern is visible with a left shoulder, head, and right shoulder clearly defined. The neckline support is around the $140 area. Technical Setup: Pattern: Head and Shoulders Breakdown Level (Neckline): ~$140 Target Zone: $78 - $94, as projected from the height of the head to the neckline Key Resistance: $164 level (former high) Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure. Price Action: A breakdown below the neckline could see the price falling to the target zone of $78 to $94. Watch for any bounce around the neckline, which might offer a better risk/reward entry on confirmation of the pattern's completion. Risk Management: A daily close above the right shoulder (~$148) would invalidate the pattern and warrant a reevaluation of the setup.
NASDAQ:ARMShort
by Killahherb
NVDA Technical Analysis for Tomorrow (10/10/24)Current Levels: Support: NVDA has support around $132.12 and $131.36. A drop below $131.36 may see the price test lower support at $126.31. Resistance: Key resistance levels are seen at $132.89 and $134.85. A breakout above $134.90 could see NVDA pushing toward new highs in the $136+ range. Trend Analysis: NVDA is currently in an ascending channel, indicating a bullish trend. However, it's near the lower boundary of this channel, which could act as support. If NVDA breaks below this trendline, a pullback to $126.31 is possible. MACD: The MACD indicator is showing a slight bullish divergence, with a potential crossover, suggesting a possible reversal upward. Tomorrow's Focus: Watch for support at the lower trendline and $132.12. A bounce from these levels could signal a continuation of the uptrend. A failure to hold support might indicate a potential decline to $126.31. Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
NASDAQ:NVDA
by BullBear-Insights
TSLA Technical Analysis for Tomorrow (10/10/24)Current Levels: Support: The key support levels to watch for TSLA are around $240.36 and $239.47. A break below this could potentially bring the price down to test $237.83. Resistance: The primary resistance levels are at $241.58, followed by $244.60 and $246.23. A move above $252.14 would signal a breakout. Trendline: The downtrend line is still in place. TSLA needs to break and hold above this trendline for a bullish reversal confirmation. Volume & MACD: The volume has been gradually declining, indicating indecision in the market. The MACD shows signs of a potential bullish crossover, which could signal upward momentum, but confirmation is needed. Tomorrow's Focus: Watch for a potential breakout above the trendline around $241.58. Be cautious of a breakdown below $239.47, which could lead to a further pullback. Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
NASDAQ:TSLA
by BullBear-Insights
MSTR Short-term Short: Bitcoin Holdings and Market DynamicsNASDAQ:MSTR is currently approaching its all-time high of $200, presenting a potential short opportunity due to its significant divergence from COINBASE:BTCUSD performance. As of October 9, 2024, MSTR's market capitalization stands at approximately $36 billion, more than double the value of its Bitcoin holdings, which are valued at $15.64 billion based on 252,220 BTC at a price of about $62,000 per Bitcoin. MicroStrategy's Bitcoin Strategy: Aggressive and leveraged Bitcoin acquisition Continuously converting profits into BTC at market rates Long-term holding strategy Issued convertible senior notes to fund additional Bitcoin purchases Positioned as a leveraged Bitcoin investment The Role of Options in Driving MSTR's Price The options market plays a crucial role in driving MSTR's price higher than its Bitcoin holdings would suggest. Several dynamics contribute to this effect: Gamma Squeezes: As MSTR's price approaches strike prices of outstanding call options, market makers buy more shares to hedge, creating a self-reinforcing cycle of buying pressure. Leverage Effect: Options allow traders to control larger positions with less capital, amplifying price movements in the underlying stock. Speculative Interest: High volatility in MSTR attracts options traders, increasing overall market activity and potentially exacerbating price swings. Delta Hedging: Continuous adjustments by options dealers can add to price momentum. Implied Volatility: High implied volatility leads to higher option prices, influencing trader behavior and perceptions of the stock's value. These multivariate options market forces, combined with MSTR's unique position as a publicly traded company with significant Bitcoin holdings, have created a volatile and potentially disconnected trading environment. The current rally in MSTR's stock price, despite Bitcoin's recent correction, may be partly driven by these options dynamics. However, this situation also presents the possibility of a sharp reversal if Bitcoin fails to recover quickly or if the options-driven momentum slows. Key Considerations for Traders: Interplay between MSTR's core business and its Bitcoin holdings Impact of MSTR's leveraged position on potential gains and risks Influence of options market dynamics on stock price Current divergence between MSTR's price and Bitcoin's movement Potential for short-term correction if Bitcoin doesn't recover quickly Remember: This idea is for educational purposes only. Always conduct your own research and consider your risk tolerance before making any investment decisions.
NASDAQ:MSTRShort
by XrayTrades
1
PLTR: Will the Bullish Trend Continue? (10/10/2024)Key Levels: Resistance: 43.34: This level marks the recent high, which could act as resistance if the price attempts to push upward. 43.02: Slightly below the high, this could also act as a minor resistance level. Support: 41.21 - 41.45: A potential support zone, as shown by the red lines on the chart, may hold up the price if a pullback occurs. 40.29: This level aligns with previous price action and could serve as strong support if the price drops further. 38.79: A deeper support level, acting as the last significant low in case of a larger pullback. Trend and Indicators: Trendline: The upward trend is still intact based on the diagonal line drawn, indicating bullish momentum. However, the price has started to consolidate near the top of the trendline, showing signs of potential exhaustion or a pullback. MACD: Currently showing a slight bearish crossover below the zero line, which could signal short-term weakness. Keep an eye on whether this bearish divergence continues, as it may indicate downward momentum. Strategy for Tomorrow: Bullish Scenario: If PLTR holds above the 41.45 - 41.21 support zone and breaks through the 43.34 resistance, it could signal a continuation of the uptrend. Watch for increased volume to confirm the breakout. Bearish Scenario: If PLTR fails to hold above 41.21, look for a potential drop towards the 40.29 support level. A break below that could send the price towards 38.79, especially if bearish momentum continues on the MACD. Disclaimer: This analysis is for informational purposes only and not financial advice. Always conduct your own research and consider consulting with a professional before making trading decisions.
NYSE:PLTR
by BullBear-Insights
Honey well may trend into new high in times to comeNASDAQ:HON is a long-term play as positive price action is looking at a renewed uptrend. First, the stock has broken strongly above the bearish gap resistance zone accompanied by high volume. 2nd long term MACD histogram has started to turned positive and oversold signal by the mid-term stochastic is back after confirming the oversold signal. Weekly chart shows clearly long-term bullish signal such as the resistance zone has been tested multiple times and has been weakened. Furthermore, 14-weekly period RSI is rising, confirming the bullish momentum and ADX is bottom out and rising. DM+ is above the 25-level.
NASDAQ:HONLong
by William-trading