#NAS100 4HNASDAQ 100 (NAS100) 4-Hour Chart Forecast:
The NASDAQ 100 index (NAS100) is displaying bearish potential on the 4-hour chart, suggesting a possible sell opportunity. The price is currently testing a
key resistance level, and a retest of this level may offer a favorable entry for a short position.
Key factors supporting the sell forecast:
Resistance Retest: The price has approached a significant resistance level and is showing signs of hesitation. A retest of this zone could confirm its strength as resistance, making it an attractive level to initiate a sell position if the market fails to break higher.
Bearish Pattern Formation: The chart might be forming a bearish technical pattern, such as a double top or head and shoulders, signaling the potential for a downside move after the retest of resistance.
Momentum Indicators: Technical indicators like the RSI or MACD could be showing bearish divergence or overbought conditions, hinting at a possible reversal from the resistance level.
Traders should wait for a confirmed retest of the resistance level before entering the sell trade. A clear rejection from the resistance zone would strengthen the bearish case. Stop-loss orders should be placed above the resistance level or recent swing highs to manage risk, while profit targets can be set at key support levels or previous lows. However, traders should remain cautious and monitor for any signs of a breakout above resistance, which would invalidate the bearish outlook. Overall, the technical setup favors a sell strategy for NAS100 on the 4-hour chart, pending a successful retest of resistance.
Stocks
PALANTIR Sell signal at the top of the 15-month Channel Up.Palantir (PLTR) gave us a solid buy signal 3 months ago (June 24, see chart below) as it respected the recurring bottom sequences within the 15-month Channel Up:
Right now the price has been consolidating after a direct hit at the top (Higher Highs trend-line) of the Channel Up. The 1D RSI got overbought and started pulling-back on a standard Bearish Divergence, a formation which three time within this pattern turned-out to be a solid sell signal.
The dashed Channel Up gives us a short-term Target on its bottom, which is where the 1D MA50 (blue trend-line) is trading at and is the short-term Support. That is our Target currently (Target 1 = 34.50).
If and only if, we close a 1D candle below the 1D MA50, we will open a new sell, as it will be a bearish break-out signal. In that case, we will target a potential near contact with the 1D MA200 (orange trend-line), which is the long-term Support and where the remarkable buy entries of August 05 and January 31 were provided (Target 2 = 29.50).
Keep in mind that the most optimal buy entry for the long-term (since May 2023) has been given by the 1D RSI and more specifically when it hits its Support Zone. We will continue to place buy long-term buys accordingly.
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Lockheed Martin (LMT) Stock Price Surpasses $600Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time
As indicated by the Lockheed Martin (LMT) stock chart, after breaking through the psychological barrier of $600, the price has reached an all-time high. Remarkably, it took less than 2.5 months for the stock to climb from $500 to $600.
Demand for Lockheed Martin (LMT) shares is being driven by consistent news of government contracts awarded to the company amid rising geopolitical tensions. These contracts include deals for F-35 Joint Strike Fighter aircraft, Trident II D5 missile production, and supplies for the U.S. missile defence system.
The surge in orders has enabled Lockheed Martin’s board of directors (NYSE: LMT) to announce an increase in dividends for Q4 2024 by $0.15, bringing them to $3.30 per share. It is worth noting that the company has raised its dividends for 22 consecutive years.
Technical analysis of the Lockheed Martin (LMT) chart today reveals a strongly bullish outlook:
→ Since February 2022, the price has moved within an upward channel (shown in grey);
→ From July 2024 onwards, the price action has required a steeper upward channel to capture its dynamics;
→ The RSI indicator is showing bearish divergences, yet the price continues to hit record highs.
It’s possible that the psychological $600 level could trigger profit-taking among investors, which may lead to a correction following the impressive rally – in this scenario, LMT shares could retrace to the median line of the blue channel.
According to TipRanks, the average 12-month price target for LMT is $579.14, which highlights the potential overvaluation of the stock at its current level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week?
Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up:
Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line).
The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310.
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SPY is about to complete its blow-off topThe current atmosphere is of extreme fear. However VIX has not spiked as much as anticipated and a significant amount of assets are either completely oversold or seemingly getting ready to short squeeze (see GME, DJT, BTC). Looking at the chart, the top also seems incomplete. US elections are forthcoming, and global M2 supply is rising. I cannot currently see the bear case yet, but with the amount of shorts and puts that have accumulated in a panic-driven fashion during last week any upside move would lead to immediate and violent upside continuation.
Extreme R:R for those who dare.
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
SMCI Is it a by after the stock split??Super Micro Computer Inc (SMCI) just had their 10-for-1 stock split and what's on everyone's mind now is this: Is it a buy? Well after a fresh 8-month Low last Thursday, the market certainly doesn't look at its best, quite the contrary, it is on the worst position it could be after the July 15 High and the start of a Channel Down with series of Lower Highs and Lower Lows.
There is a certain level though, where all of SMCI corrections came to an end since the March 23 2020 bullish break-out during the COVID flash crash, and that is the 1W MA100 (green trend-line).
As you can see, before the stock turned completely parabolic in May 2023, it was trading within a Channel Up since the October 01 2018 market bottom. With the use of the Fibonacci Channel levels, we can accurately put into context the subsequent parabolic move too, which extended all the way to almost the 4.0 Fibonacci extension on the week of March 04 2024 and the All Time High (ATH), before starting its correction.
In the meantime, notice the excellent Buy Signal that the 1W RSI is giving in the last 6 years, every time it approaches the 30.00 oversold barrier.
So as long as the 1W MA100 keeps closing the stocks weekly candles above it, we will be bullish, targeting $125.00 (the ATH). If that fails to support though, expect further downside to the 1W MA200 (orange trend-line), where we will place a second long-term buy.
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ELI LILLY Always a solid buy below its 1D MA50.Eli Lilly (LLY) broke on Friday below its 1D MA50 (blue trend-line) for the first time since August 09. As the stock trades within a long-term Channel Up since the March 01 2023 bottom, every time the price was below the 1D MA50, it didn't stay for long, thus providing the most effective buy entry.
Even though it could dip some more as with July's decline (only such case though out of 6 corrections), as long as the 1D MA200 (orange trend-line) holds, we expect the Channel Up to be extended.
The initial Higher Highs were closer to the 1.5 Fibonacci Channel extension, the last one however was exactly on the 1.0 Fib. As a result, we will take a more conservative Target on that trend-line, thus turning bullish now and aiming at $1100 by the end of the year.
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Tesla Trades That Hit The Mark: 75% and 30% Gains Explained!
Two successful Tesla trading ideas, one from April and one from August.
April entry would now be around 75% up, and August entry around 30%.
Both ideas show how technical analysis can accurately time the market and generate returns.
Future resistance levels could indicate potential price consolidation.
This year, I shared two ideas about Tesla:
The first idea in April.
The second idea in early August.
If you bought Tesla stock in April and still hold it, you should be up about 75%. If you entered in August, your position should be up around 30%.
Both ideas played out exactly as predicted, proving once again that technical analysis helps to time the market and put your money to work as quickly as possible. While fundamental analysis tells what should happen, technical analysis shows what actually happens.
April Idea Criteria:
Strong area, confirmed by powerful candles in late 2022 and early 2023.
Mid-round number of $150.
Small liquidity zone around $150.
Smooth descending price movement into the zone I shared.
August Idea Criteria:
Break above $200 with a powerful candle.
Break above a long-term trendline, again with a strong candle.
Price pulled back to the breakout area: 3.1 Retest of $200, now acting as support. 3.2 Trendline retest. 3.3 Historically strong area around $200 – several rejections before.
What’s Next?
If you are still holding, the next target could be around $280–$300. This is the next strong resistance level. As you can see from the chart, this area has multiple rejections in the past. It might be a good idea to take some profits, as the price could get stuck here for a while, and it’s uncertain how and when it will break through.
Summary:
This is a great example of how technical analysis can guide you to better price entries, potentially leading to higher returns in the future. It does take some experience, but these criteria are not hard to spot once you know what to look for. It’s definitely not rocket science to master the basics.
All the best,
Vaido
Sanofi can ShineSanofi India Ltd. engages in the manufacturing and distribution of pharmaceutical drugs. It focuses on the following therapeutic areas: diabetes, cardiology, consumer healthcare, hospitals, central nervous system, and antihistamines.
Sanofi India Ltd. CMP is 7048.85. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are high Valuation (P.E. = 30.7), Stocks Underperforming their Industry Price Change in the Quarter, Declining profits every quarter for the past 3 quarters and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 7066 Targets in the stock will be 7304 and 7434. The long-term target in the stock will be 7618. Stop loss in the stock should be maintained at Closing below 6679 or 6300 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.
LG Balakrishnan & Bros looking upwards L.G. Balakrishnan and Bros Ltd. engages in the manufacture and trade of automotive parts and equipment. It operates through the segments Transmission and Metal Forming. The Transmission segment produces chains, sprockets, tensioners, belts and brake shoes. The Metal Forming segment includes fine blanking, machined components, and wire drawing products.
L.G. Balakrishnan and Bros Ltd. CMP is 1384.80. The positive aspects of the company are cheap Valuation (P.E. = 15.7), Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Dividend yield greater than sector dividend yield and Strong Performer, Under Radar Stocks. The Negative aspects of the company are MACD Crossover Below Signal Line, Declining profits every quarter for the past 3 quarters, Inefficient use of capital to generate profits and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 1394 Targets in the stock will be 1435, 1464 and 1500. The long-term target in the stock will be 1527 and 1572. Stop loss in the stock should be maintained at Closing below 1330 or 1279 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.
The S&P 500 short term outlook is bullishThe S&P 500 ( SP:SPX AMEX:SPY ) daily chart is currently in a steady bull trend, with the price continuing to follow the ascending trendline. The Bollinger Bands are expanding, suggesting that the current momentum is likely to continue toward the 6000 area ( AMEX:DJIA NASDAQ:QQQ ) #stocks #Bull
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way.
First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level.
In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle.
It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
Nike (NKE): Analysis and Expectations Ahead of EarningsWe have analyzed this stock in the past privately, but we never published it, and it's a shame because we anticipated lower prices but have no proof of it. Still, we are looking for lower prices on NYSE:NKE , as we are about to finish Wave 4, most likely between $93 and $106.
NYSE:NKE will publish its earnings this week on Tuesday after market close. Heading into those results, the bar was low, as inflation keeps shoppers cautious.
Some analysts have said that even if those results come in better than expected, Wall Street's reservations could be hard to shake. However, others believe that with a new CEO on the way, investors might cut the company some slack.
So, the market might be ready for a push, but this sector is under much pressure as shoppers are finding it harder to spend money compared to previous years. It will be very interesting to follow NYSE:NKE and see if our outlook is correct or not. As shown in the chart, this scenario will be invalidated if the price breaks through $115.82.
We foresee a good entry opportunity between $60 and $50, where the most traded volume of the last 9 years has been.
We will update this stock when we know more. ✅
BABA: What happens next after this insane rally?Alibaba despite today's correction, remains massively overbought both on the 1D technical outlook (RSI = 81.819, MACD = 5.940, ADX = 34.506) and on 1W (RSI = 75.158, MACD = 5.970, ADX = 33.938). As the price almost reached the 1W MA200, we expect a technical correction near the 1W MA50, which is the pattern the stock followed on its previous historic expansion in 2016-2017. We expect a similar Channel Up to dictate the trend and peak late 2025 - early 2026 (TP = 200.00).
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US30 (DowJones) - Daily Bearish SetupThe BLACKBULL:US30 index experienced a bullish spike, followed by a period of consolidation within a bullish channel. However, after a fake breakout above the upper boundary of this channel, it appears that the index could be poised for a downward correction. Based on the technical analysis, a fall toward the lower boundary of the channel is expected, providing traders with potential shorting opportunities in the near term.
Fundamentally, stock market volatility tends to rise during September, a historically weak month for stocks. This pattern is often attributed to traders returning from summer vacations, rebalancing portfolios, and increased bond offerings, which divert capital away from equities. In 2024, this volatility is further exacerbated by uncertainty around the Federal Reserve’s rate decisions and the upcoming U.S. presidential election. Investors are closely watching labor market data, inflation trends, and the Fed’s stance on potential rate cuts, all of which could impact market sentiment and drive further fluctuations in stock prices.
With the TVC:DJI at the top of the bullish channel and signs of weakness after the fake breakout, a pullback to the lower end of the channel seems likely. Traders should stay cautious and monitor key economic events and technical signals for opportunities to re-enter positions at more favorable levels.
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone,
In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2.
Inside the Wave 2, we encounter ourselves inside the Wave C already.
The Wave C is about to break the 100 support area, and targeting at least 92 target.
The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A.
Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
ROCKET LAB Time the next pull-back and buy.Exactly 4 months ago (May 29, see chart below) we gave the ultimate long-term buy signal on Rocket Lab (RKLB) when it was trading at $4.39 and eventually not only did it return us +100% profit by hitting our $8.75 Target but even broke above the 2-year Higher Highs trend-line and Resistance 1:
It is now confirmed that the stock has broken into a new Bull Cycle and won't (most likely) continue to follow the accumulation pattern of the previous 2-year Ascending Triangle. This is also evident on the 1D RSI, which is rising on a Channel Up.
In our opinion it will continue the pull-back buy low sequence that started in July. The next key Resistance is the 0.618 Fibonacci, above which we expect the next short-term correction to start. Our intention is to buy again at 9.15 or if we see 2 red 1W candles first.
Our next Target will be 14.50 (the 0.786 Fib).
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Analyzing Microsoft: Patterns and Profit-Taking Opportunities
Microsoft is in a profit-taking zone based on the Parallel Channels and Equal Weight method.
The round number of $500 could act as a psychological level, affecting future price movements.
This is not a shorting zone, but a chance to manage your position and consider taking profits if it fits your strategy.
The second time in my analysis, I want to highlight the idea of Parallel Channels and Equal Waves, which is a helpful method for deciding when to take profits. One of its main benefits is that it helps find profit-taking areas, especially when there’s no major resistance or "traffic" on the left side of the chart.
Right now, Microsoft has reached important levels that look similar to patterns we’ve seen in gold. Also, the price is approaching a third key point, the round number of $500, which could play an important role in the near future.
It’s important to point out again that this is not a shorting area, but rather a potential profit-taking zone. If you’re managing your position as a mid-term investor and you might need your invested money soon, this could be a good place to take some profits.
Make sure to align this analysis with your overall investment plan. If you're ready to act, now could be a good time to lock in some profits.
Regards,
Vaido
Pegasystems (PEGA) AnalysisCompany Overview: Pegasystems NASDAQ:PEGA is strategically positioned to leverage the increasing demand for AI-powered customer service solutions. By incorporating advanced technologies such as natural language processing and chatbots, PEGA is enhancing user experiences and streamlining customer interactions.
Key Catalysts:
AI-Powered Solutions: The rising interest in AI technologies provides a significant opportunity for Pegasystems to grow its client base and expand its offerings in customer service automation.
Leadership Insights: CEO Alan Trefler emphasizes the company's commitment to innovation, which is expected to attract new clients and deepen existing relationships, driving revenue growth.
Financial Goals: Pegasystems aims to achieve the "Rule of 40" by 2024, balancing revenue growth with free cash flow margin. This metric is crucial for appealing to investors looking for sustainable growth and profitability.
Investment Outlook: Bullish Outlook: We are bullish on Pegasystems above $61.00-$62.00, reflecting confidence in its strategic initiatives and market potential. Upside Potential: Our target for PEGA is set at $84.00-$86.00, driven by expected growth in AI solutions and the successful implementation of financial goals.
🚀 PEGA—Pioneering AI in Customer Service. #AI #CustomerExperience #Pegasystems
Tencent Holdings (TCEHY) Analysis Company Overview: Tencent Holdings OTC:TCEHY is poised for growth as the regulatory environment in China becomes more favorable, particularly in the gaming sector. The resumption of gaming license approvals has revitalized the market, allowing Tencent to launch new titles that resonate with consumers.
Key Catalysts:
Regulatory Recovery: The easing of regulatory scrutiny around gaming licenses has set the stage for Tencent to reinvigorate its gaming portfolio.
Success of Dungeon & Fighter Mobile: The release of Dungeon & Fighter Mobile has been a standout success, generating $270 million in iOS revenue within the first 30 days. This performance highlights strong consumer demand and effective marketing strategies.
Future Revenue Potential: Analysts forecast that Dungeon & Fighter Mobile could generate between RMB 15-18 billion in 2024, positioning it as Tencent’s most commercially successful game in five years, which bodes well for the company's overall revenue growth.
Investment Outlook: Bullish Outlook: We are bullish on Tencent above $47.00-$48.00, reflecting confidence in its ability to capitalize on the resurgent gaming market. Upside Potential: Our target for TCEHY is $70.00-$72.00, driven by the anticipated success of new game launches and a healthier regulatory landscape.
🚀 TCEHY—Unlocking Growth in Gaming and Beyond. #Gaming #Tencent #MarketRecovery