AMD stocks experienced range fluctuations in 1.382 and 1.618AMD stocks experienced range fluctuations in 1.382 and 1.618 positions
This chart shows the weekly candle chart of AMD stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, AMD stocks experienced range fluctuations in May and mid June of this year after retreating to 1.382 and 1.618 positions, following the 1.000 position of the golden section in the upper test chart! The weekly chart for the past two weeks has shown a long upward shadow and a steady downward shift in center of gravity! In the future, the probability of AMD stocks weakening is expected to return to the bullish starting point in May 2023 as shown in the chart!
Stocksignals
META Is this the start of a significant correction?Since November last year we have been issuing a strong buy signal on Meta Platforms (META) and our most recent analysis on February 02 (see chart below) came with a huge final bullish warning while the price was still at $189.00:
The stock hit $320.00 last week, almost filling the gap with the 1W candle of January 31 2022 (practically META's start of collapse) and pulled-back. The big question on the market this week is, can that be the start of a greater correction?
Well technically it is testing today the first key support level, the Higher Lows trend-line (bottom) of the 6 month Channel Up pattern that started in late February. If broken, it is unlikely to see the 1D MA50 (red trend-line) hold.
The key (technical) reason behind it, is the massive Bearish Cross that got formed this week on the 1W MACD. This is a major development as it is a rare event that always initiated a rather notable pull-back. More specifically, in the past five (5) years, we have had another six (6) 1W MACD Bearish Crosses, all making a Lower Lows after it. The minimum correction was -17.33% while the maximum -43.50%. Practically META made its large corrections (-43.50%, -38.60%) when it faced legal action and during the pandemic. The rest standard (technical) pull-backs ranged from -17.33% to -19.70% (also -28.15% on the last Bearish Cross but fundamentals were also present).
This is the reason we expect a pull-back below the 1D MA50 if the Higher Lows of the Channel Up fail (to close 1D candles above it). The minimum projected correction range of -17.33% would give us a pull-back to $265.00. A -19.70% would give $256.00.
That would start making META a technical buy again, where long term investors can start applying buying strategies with a tolerance level up to the 1W MA50 (blue trend-line).
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Why Bayer Stock is a Great Long-Term Investment OpportunityBayer AG is a German multinational pharmaceutical and life sciences company founded in 1863. The company is headquartered in Leverkusen, Germany, and employs over 100,000 people worldwide. Bayer's core business areas are human and veterinary pharmaceuticals, consumer healthcare products, agricultural chemicals, and biotechnology products.
Bayer stock is a great long-term investment opportunity for several reasons. The first one is that its stock has created a strong weekly demand level located at around 49 euros per share. This should be enough reason to buy Bayer AG stock shares. Secondly, the company has a strong history of financial stability and profitability. In addition, Bayer has a diversified product portfolio with exposure to many different industries. Bayer is committed to innovation and has a strong R&D pipeline.
Bayer AG is a publicly traded company with shares that trade on the Frankfurt Stock Exchange, and the company has a market capitalization of over €51 billion. The company's stock has not performed well in recent years, losing more than 70% of its value since up more than 50% since 2016. It's now a great opportunity to buy shares of Bayer AG stock. There is a lot of profit potential with room to reach €88 per share and higher.
META suppressed by the 0.786 level of the golden section! META suppressed by the 0.786 level of the golden section!
This chart shows the weekly candle chart of META stocks over the past two years. The graph overlays the top to bottom golden section of 2021. As shown in the figure, the high point of META stock in the past two weeks has been suppressed by the 0.786 level of the golden section in the figure, and it has now returned to below the 1.000 level of the golden section! In the next few weeks, the META stock is likely to step back at the 1.382 position in the golden section of the chart, and then choose a direction to break through!
Unveiling the Potential of Pfizer Pharmaceutical Stock in 2023Are you searching for a lucrative investment opportunity that promises great returns in 2023? Look no further as we unveil the hidden potential of Pfizer Pharmaceutical stock. In this blog post, we will delve into the compelling reasons why investing in Pfizer is not only a smart move but also an incredibly exciting. From groundbreaking innovations to robust financial performance, join us as we explore why Pfizer is poised to be a game-changer in the pharmaceutical industry and how you can reap substantial rewards by including it in your investment portfolio. Don’t miss out on this exclusive insight into what could be your most profitable venture yet!
Monthly price action is supporting a strong bullish correction in the following months. Pfizer is one of the world’s leading pharmaceutical companies and was at the forefront of developing a vaccine for Covid-19 in 2020. The stock price reflected the impact of the vaccine until December 2021, when the stock plunged, losing almost 50% of its value. It’s then when a longer-term demand imbalance takes control and helps us make a high-probability decision to buy and hold shares of Pfizer PFE stock.
MSFT suppressed by the 3.000 level of the golden sectionMSFT suppressed by the 3.000 level of the golden section
This chart shows the weekly candle chart of Microsoft stock in the past two years. The graph overlays the low point at the end of October 2022 against the golden section. As shown in the figure, Microsoft's stock has reached another new high this week, breaking through the highest point at the end of 2021! But the weekly pattern of Microsoft stock this week is a long shadow line, with the highest point precisely suppressed by the 3.000 level of the golden section in the figure! Based on last week's weekly pattern, Microsoft's stock market is likely to enter a contraction triangle consolidation state in the future!
Abbott Laboratories in a bull flag.Abbott Labratories - 30d expiry - We look to Buy a break of 109.51 (stop at 106.31)
The primary trend remains bullish.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
109.34 has been pivotal.
Posted a bullish Flag formation.
A break of 109.34 is needed to confirm the outlook.
The bias is to break to the upside.
Our profit targets will be 117.51 and 119.51
Resistance: 108.50 / 109.34 / 112.95
Support: 106.80 / 105.96 / 104.00
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NOK Nokia Oyj Options Ahead of EarningsAnalyzing the options chain of NOK Nokia Oyj prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
POOL Corporation Options Ahead of EarningsAnalyzing the options chain of POOL Corporation prior to the earnings report this week,
I would consider purchasing the 350usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $12.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
APPLE Next stop 200 after a pull-backLast time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target:
The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the Channel Up, we are about to see a technical pull-back towards the Higher Lows (bottom) trend-line and then rebound for a Higher High. That is a short-term opportunity for buyers to target $200.
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AAPL rose sharply and broke throughAAPL rose sharply and broke through
This chart shows the weekly candle chart of Apple stock for the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after rebounding to a small peak in January 2022, Apple's stock broke out of the enlarged triangle consolidation pattern. After stepping back on the 0.809 level of the golden section in January this year, it rose sharply and broke through the highest point in 2022, reaching around the 1.618 level of the golden section in the figure! The next strong pressure level is at the golden section of 2.000 in the figure!
Tesla's stock trend is likely to rise and fallIs Tesla's stock likely to turn bullish into bearish?
This chart shows the weekly candle chart of Tesla's stock over the past two years. The top to bottom golden section of November 2021 is superimposed in the figure. As shown in the figure, Tesla stock has already surpassed the 1.618 position on the golden section in the past two weeks, and is about to challenge the next strong pressure, which is the 1.382 position on the golden section in the figure! Due to factors such as the global consumer downgrade and the imminent launch of Tesla's affordable models, Tesla's stock is likely to turn bullish into bearish! In the future, just use the 1.382 and 1.000 positions of the golden section in the figure as the long short water separation interval operation! Sell high and buy low within the range, and chase up and kill down outside the range!
AA Alcoa Corporation Options Ahead of EarningsAnalyzing the options chain of AA Alcoa Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately 3.00usd.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Palantir stock is within a weak range, with no clear direction!Palantir stock is within a weak range, with no clear direction!
This chart shows the weekly level candle chart of Palantir stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the high point of Palantir stock in February this year happened to be 1.382 in the golden section of the chart, and the recent high point hit the lowest point in May 2021! This indicates that the Palantir stock is still within a weak range, with no clear direction! In the future, we will use these two points as the basis for judging the strength of the Palantir stock. Above these two points, bulls are dominant, below these two points, bears are dominant, and between these two points, bulls and bears are in a state of competition!