Will NVDIA rise at the expense of APPLE?We have seen in the past few days the NVDIA Corporation (NVDA) to be holding its ground better than other tech giants that got more inflated during the recent run like Tesla.
What we've discovered by running some regression tests among top 30 cap stocks, is a very interesting relationship between NVDIA and Apple Inc (AAPL). Though most people might think that the two have completely parallel paths on their growth, we found out that at times, their correlation has been negative.
Our sample data starts 2 years ago from the October - November 2022 market bottom of the Inflation Crisis. As you can see, this is where the first divergence between the two stocks started, with NVDIA rising to spearhead the recovery to a new Bull Cycle, while Apple was lagging behind and falling.
What followed was a period where naturally both stocks rose, which led to the first 'Bear' stage, what we call Phase 2 where both stocks showed a synchronized weakness (with Apple correcting more however).
Then after a recovery for both to their highs, NVDIA formed a Bull Flag, which led to Phase 3 (similar to the late 2022 price action): Apple topped and started falling aggressively, while NVDIA started an impressive rally.
Again a period of price increase for both stocks followed, which has led to a new Phase 2 (July -October 2024). In line with their 2-year pattern, Apple has been rising since the November U.S. elections, while NVDIA has formed a new Bull Flag.
If the price action continues to replicate this model, then we may see a new Phase 3, where Apple starts to correct while NVDIA's Bull Flag leads to a strong rally.
So do you think potential Apple capital outflows will turn into inflows for NVDIA?
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Stocks
Doubt Me If You Want, But My Strategy Speaks for Itself!NASDAQ:QQQ AMEX:SPY
Do you see how my Williams CB is one of the best strategies out there for predicting markets short & long term moves? How coupled with my H5 trading strategy it gives me the best chances to beat these crazy markets.
Two weeks ago we were at the top and called for a no more than 3% market pullback. I was wrong and right at the same time. We got a pullback but it wasn't what I anticipated but who anticipated the FED nuking the markets yesterday? Nobody but the FED.
I show you this so you understand when we get to the barrier we don't know what it's going to be that pulls the market back or causes us to consolidate and peel off the red barrier. BUT, we need to understand where we are at and that running into the barrier is not the time to be adding to trades or exploring new ones. It's the time to take profits, consolidate, and maybe hedge a little.
I'm not putting this out to be applauded or to act like I'm some type of Oracle. I simply want to show all my friends who have decided to stick it out with me the last few days when others chose to leave that you can entrust in my strategies and I will teach you everything I know so you can beat the markets on a consistent basis too!
Tesla - We Will See The Four Digits!Tesla ( NASDAQ:TSLA ) is finally creating an all time high:
Click chart above to see the detailed analysis👆🏻
After waiting for over four years, Tesla finally created a new all time high and with that, Tesla is also starting the next major parabolic rally. The triangle breakout which happened a couple of months ago was just the required technical catalyst, and now all things are simply very bullish.
Levels to watch: $500, $1.000
Keep your long term vision,
Philip (BasicTrading)
FULL Trading Portfolio Update! How I'm positioningFULL Trading Portfolio Update! How I'm positioning for what comes next in the markets.
In this video, we will discuss:
-How I'm positioning my trading portfolio right now
-All my current H5 trades
-All trades I CUT loose
-What comes next!
Check it out now for all the updates and some great trade ideas
Not financial advice.
MICROSTRATEGY: Hit the 1D MA50 and bounced, but is it a buy now?MSTR has made a rapid turn from overbought to neutral on its 1D technical outlook (RSI = 48.944, MACD = 14.210, ADX = 17.986) as it reached today a -40% decline from its ATH but eventually hit the 1D MA50 and rebounded. This is the first contact with the 1D MA50 since September 19th. Even though it seems like a strong technical buy opportunity, Microstrategy has had its best buy entries in the last 2 years, under the 1D MA50. As this chart shows there have been 8 such buy signals, so even though the current rebound is tempting, we ideally want to see the price under the 1D MA50 and $300 before issuing a buy signal. Once this is filled, we can target the December 5th High minimum (TP = 400).
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APPLE: Warning. Potential strong correction ahead.Apple is bullish on its 1D technical outlook (RSI = 67.500, MACD = 4.850, ADX = 85.805) as it has been rising nonstop since November 4th and the U.S. elections. Yesterday's high though, hit the top of the 2 year Channel Up and the 2.0 Fibonacci extension from October's High-Low, with the 1D RSI reaching overbought levels. The last time we saw this exact combination of events was 1 year ago on the December 14th 2023 High. The result was a price correction to the October 2023 Low (S1). As long as the price doesn't make a new High, we are bearish on Apple, aiming at the S1 level (TP = 220.00).
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Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
Devyani International can give a tasty breakout. Devyani International Ltd. engages in the development and operation of quick service restaurant. It operates through Within India and Outside India segments. The company manages brands like Costa Coffee, KFC, Pizza Hut, Vangoo and The Good Street.
Devyani International Ltd. CMP is 172.37. The Positive aspects of the company is Company with Zero Promoter Pledge and increasing revenues for last 4 Quarters. Book value of the share is also increasing for the last 2 years. The Negative aspects of the company are extremely high Valuation (P.E. = 644.2), Companies Increasing Debt as per Annual Report, Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 174 Targets in the stock will be 181, 188 and 198. The long-term target in the stock will be 205, 218 and 223. Stop loss in the stock should be maintained at Closing below 167 or 158 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
Adobe - The Triangle Breakout Is Coming!Adobe ( NASDAQ:ADBE ) still remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Tesla (TSLA): Profits Taken, Pullback AnticipatedWhat a rise by NASDAQ:TSLA !
The stock has now reached the targeted wave 3 zone, and we might see some asset rotation out of Tesla into underperforming stocks that could attract renewed attention and capital inflows. Many traders have booked significant profits on NASDAQ:TSLA , and larger players are likely to do the same in the coming sessions.
As usual, our focus remains on building a new position during a pullback. We are targeting the 38.2%–50% Fibonacci retracement levels, which should provide sufficient support for another push higher, potentially toward $585 or more. A key level to watch is the old all-time high. Should bulls defend it effectively, waiting for an entry at $371.35 might leave us sidelined.
However, we see no reason to force or rush an entry into NASDAQ:TSLA at the moment. Patience remains critical as we wait for the market to come to us.
NVIDIA (NVDA): Post-Earnings Battle Between Bulls and BearsIt is getting harder for $NVDA. Nvidia's earnings appear to have produced a muted market reaction for once. The chip maker's blowout quarterly report was good enough to support the stock but not provide another leg to its stunning rally. By any normal measure Nvidia's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected. Which is incredibly if you think that doubling its revenue is not enough for Nvidia to surge higher once more. Attention will now turn to the rollout of Nvidia's Blackwell artificial-intelligence chips
Our attention will stay on the chart and we can see this kind of market behaviour in the chart really well. It seems as if bulls and bears are now battling about this earnings report and there are definitely some people trapped with option calls on NVIDIA that they have bought before the earnings.
NASDAQ:NVDA has build somewhat of a trend channel and keeps on defending the lower edge of it very well in the past. The question now is if the wave ((iv)) is already finished or not.
With the fact that NASDAQ:NVDA is loosing momentum on the RSI but still being able to reclaim the VAL and putting in higher highs we think is is very likely that we are seeing some kind of pullback/blowout of those positions that have been opened and trapped at the all time high now. Still NASDAQ:NVDA is a stock that can put in 10% next week and nobody would be astonished. Therefore we are moving our stop loss from our current open position to 114.50$ and setting alerts for a possible buying opportunity again on $NVDA.
$BTAI - is it able to keep on the previous trend line?NASDAQ:BTAI oversold and should return to the range for the further trivial trading in 2 months. I believe, it go back. All pictures show that this drop need to be closed and forgotten as a bad dream.
Good possible profit for the risky investors in a short enough range of time.
Does not constitute a recommendation
#investing #stocks #idea #forecast #furoreggs
$AFKS - time to breathe out and relaxPropose cooling of MOEX:AFKS temperature till 19-20 degrees during the next 4-5 months.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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$OZON will cost much much moreMOEX:OZON has shown a very good results during a year. But definetely it will show much more in 4 months. Where to buy - 3350. Where to sell - 4950. Profit - 48%.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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$SPCE - up or down?In my view NYSE:SPCE stopped a current phase of falling down and forming the plato, which will be a fundament for the next steps. We will be observing a huge profitable company for patient investors during the next years. In my point of view, as well, that it can bring till the x100 in the ending of the growth phase.
Goal for the end of 2024 is 4-4.5.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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S&P 500 Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook:
During this week's trading, the S&P 500 index exhibited considerable volatility after reaching our critical support level of Mean Support 5870. Subsequently, it demonstrated a robust upward recovery. This development is anticipated to facilitate the impending phase of the renewed interim rebound, with the objective of retesting the Key Resistance level at 6090, thereby paving the way for continuing the bullish trend. However, it is crucial to recognize that a retest of the Mean Support 5870 remains a great possibility.
Cyient DLM looking like it will deliver. Cyient DLM Ltd. engages in providing total electronic manufacturing solutions. It operates through the following segments: Aerospace and Defense, Medical, Industrial, and Transportation and Telecom. It offers design-led manufacturing (DLM) solutions.
Cyient DLM Ltd. CMP is 677.85. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are extremely high Valuation (P.E. = 79.8) and Inefficient use of shareholder funds.
Entry can be taken after closing above 686 Targets in the stock will be 722, 747 and 775. The long-term target in the stock will be 802, 841 and 869. Stop loss in the stock should be maintained at Closing below 649 or 599 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Microsoft Update: Key Levels to WatchMicrosoft ( NASDAQ:MSFT ) is at an important point right now, and here’s what to look out for:
If we close above $442: There’s a good chance we’ll see targets at $453 or even $478 as buyers take control.
If the price breaks down out of the current range: A correction to $422 or $415 becomes a strong possibility.
Stay focused on these levels and let the market show you the way forward. No need to force it—patience pays.
Kris/Mindbloome Exchange
Trade What You See