Jubilant Ingrevia Ltd Jubilant Ingrevia Ltd NSE:JUBLINGREA is currently in an uptrend with bullish technical indicators. While the immediate trend is positive, watch for a pullback near ₹770 for better risk-reward opportunities. If the stock sustains above ₹860, it could open the way for a fresh rally.
The price is now consolidating near recent highs. Recent volumes have increased significantly, especially during the upward movement. This signals strong institutional or buying participation.
Moving Averages
BTC $95,105 is as low as it gets!BTC Analysis (3D) 12/18/2024
It's likely one of these two scenarios for BTC plays out.
Depending on the FOMC it could get invalidated but this is what I'm seeing on the charts at the moment.
• Slow grind to 120-130k
or
• Retrace slightly to about 95K where we almost certainly will get SOME bounce, as that is where the preliminary fib line lies on the DFR as well as an anchored VWAP and it matches with the anchored Volume Profile (Im positive one of the MAs is also in this range).
If this level holds, we will most likely create a new ATH at $120,000+
Thoughts?
Planet 13 Holdings | PLNH | Long at $0.39The marijuana sector has taken a beating over the last few years, yet certain companies may provide value and dominate the space in the future. Enter Planet 13 Holdings $OTC:PLNH. This OTC play warrants extreme caution, though. It's either going to zero or could produce massive returns. My personal logic is not to bet the farm with any OTC play, but maybe an old goat ... and potentially buy the farm in the future.
From a technical analysis perspective, my selected historical simple moving average (SMA) line is approaching the current price of $0.39. Frequently, as this SMA line and price get closer to each other, there is a pop in the price.
Fundamentally, financial growth is anticipated. Financial highlights from the Q3 2024 report state that the company's revenue was $32.2 million as compared to $24.8 million, an increase of 29.7%. The increase in sales was driven by the addition of Florida as well as strong sales in Illinois. Gross profit was $16.7 million or 51.9% as compared to $11.1 million or 44.7%. Free cash flow: $108,807 million. Operationally, OTC:PLNH looks pretty good on paper.
Marijuana legalization in the US is only going to expand. It's inevitable given the changing sentiment around the topic. If OTC:PLNH can do well in this space and is able to continue to grow, this ticker could get very interest. Thus, at $0.39, OTC:PLNH is in a personal buy zone.
Target #1: $0.55
Target #2: $0.75
Target #3: $1.00
Target #4: $5.75 (very long-term outlook if legalization spreads...)
SOL | ALTCOINS | Does Solana Have One More Push?Solana has barely just made a new ATH, and it's likely at the end of the correction after trading red for 3 weeks consecutively.
It's likely that once ETH has made a new ATH, Solana will be soon to follow. More on that topic here:
___________________
BINANCE:SOLUSDT
#BTCUSDT #4h (Bitget Futures) Rising wedge on resistanceBitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (15.0X)
Amount: 5.0%
Current Price:
106966.8
Entry Zone:
107142.0 - 108740.0
Take-Profit Targets:
1) 104521.8
1) 101946.7
1) 99371.7
Stop Targets:
1) 110802.2
Published By: @Zblaba
CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.5% | +83.3% | +119.1%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 weeks
Mean Reversion CME GAP at FOMC -> Pump until BOJ Rate DecissionHello guys! I will share a mean reversion idea on Bitcoin with you today.
I expect Bitcoin to close the CME Gap, that got made at the beginning of the week. Currently we are very close to starting the recovery process. The CME Gap closing aligns very good with a mean reversion to the 50EMA on the 4hr timeframe. This could be an indication for a trend continuation of Bitcoin to the upside until friday when the Bank of Japan (BOJ) will decide their rate policy. We will look into the chart from a new perspective on friday so take this trade idea as a short term one. I mentioned in the chart that we have an unrecovered pink vector candle at the top. This could be an good area to aim for in the reversal process to take profit. With good execution this could be an good trade from 102k to 108k. Me personal, I don't think we will see a rate cut and if so only a small one. So nothing that will shake the markets to hard. I hope.
Trade SAFE!
AUDJPY Fall? And potential Stock Market correction?Potential short idea on AUDJPY
Reasons for (potential) entry:
- COT traders are buying JPY and selling AUD fairly aggressively
- AUD cutting interest rates, JPY hiking interest rates
- AUD could be under pressure due to reliance on China, who are facing economic uncertainty
In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it.
Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
XRP/USD 12/17/2024XRP/USD Daily Chart Analysis
XRP is one of the OG altcoins that has maintained significant hype over time.
• Accumulation Phase:
After being dropped on Coinbase in July 2023, XRP experienced a steady decline, entering an accumulation stage that persisted through November.
• Breakout and Uptrend:
In mid-November, massive volume flooded into the coin, breaking it out of its accumulation phase. Following this breakout, the price entered a strong uptrend, consistently respecting the 10-day EMA.
o The uptrend pushed the price +265% in just two weeks.
• Consolidation and Triangle Formation:
After reaching its peak, the price began consolidating sideways, forming a triangle pattern. For those who missed the initial breakout, this pattern provided a potential entry opportunity.
• Current Price Action:
Today, the price has broken above the triangle pattern, signaling a continuation of the uptrend. The 10-day EMA remains intact as support, reinforcing the bullish sentiment.
o The MACD is in bullish territory but still below its signal line. However, the contracting MACD histogram indicates a possible MACD crossover above the signal, which could provide the momentum needed for a sharp move upward.
o Expect volume to increase, similar to the initial breakout phase.
________________________________________
Trade Setup (Long Position):
• Entry: 2.5427
• Stop-Loss: 2.1213, -16.57%
• 1st Target: 3.6723 (+44.43%) | Risk-Reward Ratio: 2.68
• 2nd Target: Trailing the 10-day EMA on the daily chart.
________________________________________
Conclusion: With the breakout from the triangle pattern, the strong 10-day EMA support, and the improving MACD setup, XRP looks poised for another substantial move north. Volume is expected to flood in, mirroring the breakout momentum observed in mid-November.
PepsiCo Limps at Key SupportPepsiCo has struggled all year, and some traders may think the food-and-beverage giant is breaking down.
The first pattern on today’s chart is the October 2023 low of $155.83. PEP bounced at the level in November and is now revisiting it. Is support giving way?
Next, the 50-day simple moving average (SMA) recently crossed below the 100- and 200-day SMAs. The 100-day SMA is also below the 200-day SMA. That pattern (faster SMAs below slower SMAs) may be consistent with a longer-term downtrend.
Third, MACD is falling.
Finally, lower highs over the last three quarters may be consistent with bearish sentiment.
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Stock Analysis: Marine Electrical (I) Lt• The stock has broken out above a resistance level near ₹300.
• Price currently trades at all time high level.
• Strong bullish candle with an 8.21% increase today and high volume (2.48M), indicating buying strength.
• The breakout above ₹298 with strong volume and upward sloping EMAs supports bullish continuation.
• Price remains above the 9 EMA, indicating a strong uptrend.
Position Entry:
• If the price remains above the breakout level (₹298–₹300) or retests it, it could provide a better risk-reward entry.
• Enter 5% of capital as an initial position.
Pyramiding Positions:
• Add smaller positions on pullbacks to the 9 EMA or 21 EMA & in the daily time frame.
Stop-Loss:
• Cut half of your position if the price closes below the 21 EMA for 2 consecutive days.
• Place a stop-loss below the 50 EMA or exit if the price closes below the 50 EMA for 2 consecutive days.
Disclaimer:
This technical analysis is for educational and informational purposes only. Please conduct further research and consult your financial advisor before making any investment decisions. Investing in the stock market involves risk, and any decision you make is at your own discretion and responsibility.
Neither I nor this platform shall be liable for any financial losses incurred.
Stock Analysis: Marine Electrical (I) Lt• The stock has broken out above a resistance level near ₹300.
• Price currently trades at all time high level.
• Strong bullish candle with an 8.21% increase today and high volume (2.48M), indicating buying strength.
• The breakout above ₹298 with strong volume and upward sloping EMAs supports bullish continuation.
• Price remains above the 9 EMA, indicating a strong uptrend.
Position Entry:
• If the price remains above the breakout level (₹298–₹300) or retests it, it could provide a better risk-reward entry.
• Enter 5% of capital as an initial position.
Pyramiding Positions:
• Add smaller positions on pullbacks to the 9 EMA or 21 EMA & in the daily time frame.
Stop-Loss:
• Cut half of your position if the price closes below the 21 EMA for 2 consecutive days.
• Place a stop-loss below the 50 EMA or exit if the price closes below the 50 EMA for 2 consecutive days.
Disclaimer:
This technical analysis is for educational and informational purposes only. Please conduct further research and consult your financial advisor before making any investment decisions. Investing in the stock market involves risk, and any decision you make is at your own discretion and responsibility.
Neither I nor this platform shall be liable for any financial losses incurred.
Novartis | NVS | Long at $99.00As one of the largest pharmaceutical companies in the world, Novartis NYSE:NVS is poised to grow well into 2027. It's trading at a 17x P/E, earnings are forecast to grow 7% per year, it has low debt, and has been raising its dividend over the past few years (3.8%). The price on the daily chart is nearing the historical simple moving average line and may be poised for another move up. However, entry into the lower $90's or even $80's is still not off the table and, in my view, a great opportunity. Thus, at $99.00, NYSE:NVS is in a personal buy zone.
Target #1 = $110.00
Target #2 = $120.00
CVS Health Corp | CVS | Long at $61.00NYSE:CVS Health Corp will need a revision to its business model in order to survive an ever-changing retail/pharmacy environment. However, with a P/E of 10x, debt-to-equity of less than 1x, growing cash flow, and dividend yield of 4.3%, the stock seems quite undervalued. Perhaps activist investors will soon step in, but if history repeats, there may be a nice bounce ahead as the price consolidates in the GETTEX:50S and low $60s. Thus, near its current price of $61, NYSE:CVS is in a personal buy zone.
Target #1 = $66.00
Target #2 = $68.00
Target #3 = $75.00
Target #4 = $79.00
ASML Holding | ASML | Long at $680.00NASDAQ:ASML Holding, a developer and servicer of advanced semiconductor equipment systems for chipmakers, dipped backed into my overall, long-term selected simple moving average (SMA). From here, stocks typically bounce or drop, but given the AI boom is far from "over", I anticipate another bounce to eventually close the gap near $1,060. It may show some minor weakness to close the gap in the low $600s and get the bears excited. But, unless the economy further shows major weakness in the semiconductor space, NASDAQ:ASML is in my personal "buy zone" at $680.
Target #1 = $730.00
Target #2 = $915.00
Target #3 = $1,060.00
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis
Overview:
This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase.
Price Action Summary:
• On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days.
• Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern.
• This is encouraging as the daily chart indicates a strong uptrend.
Current Market Dynamics:
• Today, the price broke above the neckline of the Inverted Head and Shoulders pattern.
• The breakout is supported by:
o Increased volume
o The MACD shifting into bullish territory
o Support from the 10-day and 50-day EMA
Projection:
If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely.
________________________________________
Trade Setup:
• Entry Price: 0.011361
• Stop-Loss: 0.010865 (-4.13%)
• Target Price: 0.014114 (+24.23%)
• Risk-Reward Ratio: 5.55:1
________________________________________
Summary:
SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
Welcome to the Bitcoin Christmas PUMP! BTC 1D MACD Crossover↖️⬆️ Click the 🚀
Welcome to the Bitcoin Christmas PUMP!
₿ ₿ ₿ ₿ ₿ 🚀🚀🚀🚀🧑🏻🎄🧑🏻🎄🧑🏻🎄🎅🎅🎅🧑🏻🎄🧑🏻🎄🧑🏻🎄🚀🚀🚀🚀₿ ₿ ₿ ₿ ₿
The 1D MACD Crossover just signaled on COINBASE:BTCUSD BTC 1 Day candle.
But that's not all. It's the type of crossover. Text book.
RSI just entering 70 area.
The last time the 1D MACD crossover happened, Bitcoin saw a 45% pump.
looks like it should go to just past new year. The big question is does it continue before taking a breather.....?
In fact, when using the last pump as a guide, it falls perfectly in line with the Fib levels and lands right around $150,000. (just my silly extrapolation. I'm sure it's nothing. ;)
GBP CAD SHORTSWeekly : same idea than GBPAUD. this pair is reaching a resistance that has not been broken since Mar 12'. Price still has bearish structure to consider shorts.
Daily : price is at a critical area where it will either break and retest or fully reject to to the downside. Bullish structure is visible
4h : price recently broke previous low which indicates we can continue to the downside.
1h : price is currently rejecting area of interest around 1.80500 and EMA. I will be waiting for candle close to consider entering
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting?
Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025.
Target #1 = $1.14
Target #2 = $1.30
Target #3 = $1.50
Target #4 = $1.63