$APPL #Apple Can FallTraders and Investors,
As the earnings seasons is here, looking at APPLE shows that there could be a fall coming. Reasons:
1. W pattern completed
2. Trend Line
3. Bearish Structure
The last short set up gave us great profits.
Manage the risk and make sure that you are watching stock movement closely along with US30 (Dow Jones)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Earningsreport
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Microsoft growth doubt$MSFT has been down trending following this parallel channel's support & resistance, now testing resistance at $280 which is perfectly aligned with the daily 200MA & 0.5 fib level.
Fundamentally, fear from Q3 results because of interest rates hike & recession doubts, share holders will take partial profits at $280 or a little bit higher protecting themselves from the negative earnings impact.
DXY soaring:
TVC:DXY
Truworths crashing after results and new target in play Truworths has formed an M Formation over the last few weeks.
The price broke below the neckline and now it looks like the next target is in play.
21=7 - Changing
Price >200 - Bullish
RSI <50 Bearish
Mixed view with bearish bias.
Also it seems that the market is not appreciating the Truworths $JSETRU 1H 2023 results.
Revenue R11.73 billion, +14% y/y
Net income R1.88 billion, +6.1% y/y
Adjusted EPS R4.874 vs R4.438 y/y
Gross margin 53.5% vs. 53.6% y/y
Interim dividend per share R3.20
I'm bearish right now but with the mixed signals anything can change.
DIS Disney Options Ahead of EarningsLooking at theDIS Disney options chain ahead of earnings , I would buy the $115 strike price Calls with
2023-3-17 expiration date for about
$4.05 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
PM FUNNEL BULLISH OUTBRAKE PM retains a client base for decades, and a good funnel right before earnings. The textbook bullish funnel with 3 support points vector and 3 resistance points vector, the conclusion is nearing close to the earning date. Brake might be significant in either direction combined with the statistical probability of positive earning due to the past 15 WWWWWWWWWWWWWWL. Seeking 112 which was a 22' high level is not unreasonable.
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LYFT SWING TRADE IDEAAfter news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential!
With earnings coming up next Thursday, I love the position this stock is sitting in right now! It has come to meet a major supply zone and the primary trend line, around 17.45. A break and retest of this zone and I will look to take it up towards 20.50. If we reject this supply zone and trend line, I will look to take it down towards 13.85
NFLX ShortPerhaps the earnings on Thursday causes this to break to the upside with a surprise, but the technical indicators are suggesting a drop which could bring us to the $285 range. Should this break lower we could see the $150 range again.
While I understand there are several analysts predicting a bullish run with NFLX, it would not be a rusprise to see this move dowards in the near term.
(This is not financial advice, it's strictly personal perspective)
AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values.
With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly.
This company MUST provide a dividend soon.
DBS rallies ahead of tomorrow's earnings reportThe stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the financial sector – and this could be the first step of many which help them do just that.
DBS rose 3.6% on Friday following the announcement and has extended those gains to around 6% at the time of writing from Friday’s low.
According to Reuters, 13 analysts recommend DBS stock for a ‘buy’ (4 of which are a strong buy) with 4 holds and no sell recommendations. The stock currently trades at 34.58 and has a median price target of 39.11 (+13%).
DBS Daily Chart:
The daily chart shows that DBS performed a strong breakout (with high volume) from its sideways range after prices found support at the 200-day and 50-day EMA’s. And that suggests it could be part of the bullish trend from the July low. However, there are a couple of warning signs that it may need to retrace a little before continuing higher.
A bearish pinbar formed on Monday with low volume, and yesterday’s price action struggling to convincingly push higher. Gap resistance, $35 and the monthly R1 pivot point are nearby and RSI (2) is overbought - which can indicate a near-term turning point. With that said, the RSI(14) is over 50 and trending higher with prices, which is another reason we suspect any move lower is part of a retracement before prices head for the high around 36.30.
Of course, earnings can be full of surprises and we may need to see DBS beat estimates for it to trade directly higher. Otherwise – assuming earnings is not too disappointing – it could help with a desired pullback, where we would seek bullish setups around the monthly pivot / prior breakout range.
Norwegian Cruise Line Possible 60% DropIf earnings are perceived as relatively good to the shareholders then the share price will most likely catapult through the almost-year-old resistance trend line. If earnings are perceived as bad to the shareholders then earnings will most likely move towards the bottom resistance line (Most likely to happen). Before making a position I would wait until after earnings to capitalize, as the earnings will most likely be terrible just based on the past four earnings reports, but there is more money to be made if you are able to fundamentally analyze the stock prior to the earnings release and determine the stock's earnings report possible results based on cash flow or what ever fundamental analysts do.
SPY to New LowsMarket Makers are selling off large caps and shifting funds into Indexes in order to hold the market up for a complete exit on large caps since they'll be hit the hardest by a crash event and another rate hike. Apple earnings are today after hours, and appear to be the last decider for this earnings weak, amazon and apple both hold the largest weight for SPY. Meta down, Microsoft down, Tesla down, Google down, Apple & Amazon are Spy's last hope, and based on not going against the trend, I'd assume these two giants do like Meta, Google, Microsoft, & Tesla. Slight chance this gets manipulated since apple is the largest holding of a lot of investors but I believe they must be exiting apple shares while pumping the indexes to maximize the exit position.
GDP was higher than expected, which can add fuel to the fire of another rate hike that can tank the market further down, US Dollar needs to go up from here, very overextended to be honest, and could lead to a ripple effect, a huge parabolic sell off.
AMZN - BULLISH SCENARIONASDAQ:AMZN Giant, rated as one of the most stable blue chips out there. Unless the earning report is way below expectations the price is likely to bounce off the support levels from before the split action 5 months ago and transit into a trend reversal formation.
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APPLE - BULLISH SCENARIONASDAQ:AAPL has a "high" Earnings Quality Ranking for the 36th consecutive week. Earnings quality refers to the extent to which current earnings predict future earnings. NASDAQ:AAPL Introduces Next-Generation iPad Pro, Supercharged by the M2 Chip on the 18th, and the news was reflected in trend reversal formation on the chart.
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Tesla earnings are everything tomorrow!Traders,
Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed:
1. It could trigger the start of the massive bearish H&S pattern.
2. It will bring down the Nasdaq with it.
3. Nasdaq will bring down other indices like the SPX.
4. SPX coming down could break its critical support that has held up thus far.
5. Investors tend to correlate stocks like Tesla to crypto. An alarming report can levy more significant damage to bitcoin and crypto than its already incurred.
In my view, it is critical Tesla does not break and confirm the break of its neckline here over the next few days! Earnings must be hit and the $212-$215 pps MUST hold or it could mean trouble. Watch this closely!
Stew
BABA - BULLISH SCENARIO China stocks are entering an exciting earning season combined with the upcoming major holidays. NYSE:BABA testing the 70s range and bouncing of March 22 lows. The political pressure, production shortages, and raise of materials have been dragging NYSE:BABA lower and lower. Optimistically recovering to the 110-130 range in the next 6 months is a very likely scenario, considering that range is still much undervalued.
Aspen upcoming earningsJSE:APN mini rally following a positive trading statement quickly fizzled. Aspen JSE:APN reporters that EPS will be between 32% - 37%. Audited results are coming this week, the numbers are expected to remain the same. The share is trading below key levels, the stock will need great numbers to push the price up, a promising setup is the price trading above R160/share. Otherwise, the downtrend in the stock will continue, especially if the price drops to R136/share.
Chinese Stocks Inverse H&S reversal? BABA had strong earnings and beat earnings expectations.
The stock popped and retraced back however it is showing nice support on that right shoulder along with XPEV and & NIO.
I like these stocks as a buy here and think they can easily reach the neckline resistance by the end of the month. They
They have all broke their respective downtrends.
XPEV & NIO have earnings this month and with many people converting to electric vehicles they could surprise us in a good way.
Im still skeptical on SPY at current levels so I would like to see how these stocks react on the next retracement/correction/continuation.
S&P where is heading to?After the strong employment data last week, with stronger inflation! where stocks is heading to?
Earning season will be key, not due to quarter earnings themselves, but due to the earnings and sales forecasts in the near future.
SP:SPX
NASDAQ:NDAQ
DJ:DJI
Pro Traders Take Profits on EarningsWhat happened today on the earnings announcement by PEP? Pro traders took profits against the retail crowd's buying on the news headlines that suggested an earnings "beat" for Q2. The retail buying causes the gap up at open, which is a prime cue to take profits on swing trades.
This was what we call a pre-earnings run. The earnings results don't matter as much as the technical setup a few weeks ahead of the earnings release. Swing trades were initiated at the reversal from the support at 155, confirmed by price and volume patterns at that time.
Now, with resistance overhead, where the initial target for this earnings play was, and the retail crowd causing a gap up at open on the earnings announcement, this is where professional short-term traders close long positions. This should not be construed as a good opportunity to short swing-style, however. It is an example of the execution of a long swing-style earnings strategy.
This is an example of TechniTrader's Relational Technical Analysis techniques for planning better trades.