SPG Approaching A Red Resistance ZoneNYSE:SPG has been in an uptrend since Oct. 2023, and is approaching a red resistance zone. I think there is likely to be resistance ahead, and I would look for an options puts trade setup.
Stocktrading
Has MPW Bottomed Out?NYSE:MPW has pumped 19.60%+ today, and I received a great question about whether MPW has bottomed out. There was an opportunity to buy within the buy zone, and MPW had a strong rebound out of this buy zone. The momentum is currently bullish, and there is the possibility that MPW continues trending up towards the light blue trendline, which gives a price target around $6-7 price levels. This pump is caused by bullish news that Steward is selling assets to reduce its debt, which is a scenario that I've been discussing in past updates. It is possible for a selloff after this news, and for now MPW is at a $4.60 resistance level. It is important to monitor this resistance level to see if MPW gets a rejection or break here. With a rejection, I think there can be more buying opportunities around $3-4 price levels. MPW had a strong rebound off the orange zone, flipping it from resistance into support. I think MPW could retest this orange zone at some point, and I still think MPW could retest the green buy zone during a fed pivot.
XOM Potential Buy setupReasons for bullish bias:
- Safe entry at breakout for confirmation
- Price bounced from strong support
- SL below support
Entry Level (Buy Stop): 105.36
Stop Loss Level: 95.40
Take Profit Level 1: 115.32
URAVI Swing Trade
Stock recently reached a new 52-week high at 368.
Plan to enter below 305.6 for a swing trade opportunity.
Set a stop loss at 251.40 to manage risk.
Target levels are 368 and potentially 406.20.
Strategy capitalizes on upward momentum with careful risk management.
COINBASE: Forming a Top. Selling gains momentum.Coinbase is on a bullish 1D technical outlook (RSI = 64.977, MACD = 22.160, ADX = 33.325) but at the top of the Channel Up. The 1D RSI Bearish Divergence on LH suggests that a similar top is close to getting formed (or already has) like on December 28th 2023. All major corrections since 2023 have been at a -39% minimum and reached always the 0.5 Fibonacci from the bottom. Consequently, we are now bearish on COIN, targeting the 0.5 Fib (TP = 185.00) where we will turn bullish again aiming for the Channel's top (TP = 350).
See how our prior idea has worked out:
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PDD Holdings' Temu Operator Surpasses Revenue ExpectationsPDD Holdings ( NASDAQ:PDD ) emerges as a formidable player, surpassing revenue expectations in its fourth-quarter earnings report. The driving force behind this success? Temu, its global platform, which has seen remarkable growth propelled by strategic end-of-year promotions and a surge in demand during China's Singles Day festivities.
Robust Growth and Financial Performance
The numbers speak volumes: PDD's fourth-quarter revenue soared to 88.88 billion yuan ($12.35 billion), surpassing analyst estimates by a significant margin. This achievement marks a staggering 123% year-on-year growth, following a robust 94% rise in the third quarter. What's more, this remarkable performance comes despite the lingering impact of COVID restrictions in China during comparable quarters in 2022, which were only lifted in December of that year.
Challenges and Uncertainties Ahead
However, amidst this success, challenges loom on the horizon. Concerns over political tensions between the U.S. and China pose a potential threat to Temu's continued growth in key markets. Analysts have cautioned that heightened scrutiny from policymakers, similar to what has been witnessed with platforms like TikTok, could impact PDD's operations. Additionally, supply chain disruptions and evolving consumer sentiments present ongoing challenges that PDD must navigate as it continues to expand its global footprint.
Optimism and Future Outlook
Despite these uncertainties, NASDAQ:PDD remains optimistic about its future prospects, particularly in its home market of China. With the government's support through macro policies aimed at bolstering consumer sentiment, PDD's subsidiary, Pinduoduo, anticipates further growth opportunities in the domestic market.
Market Dominance and Competitive Edge
Moreover, NASDAQ:PDD 's ascent to become the most valuable Chinese e-commerce company by market capitalization underscores its position as a dominant force in the industry. Surpassing Alibaba Group Holdings in market value further solidifies PDD's standing and underscores its potential for continued success in the ever-evolving world of e-commerce.
Conclusion
In conclusion, NASDAQ:PDD Holdings' impressive fourth-quarter performance, driven by the success of its global platform Temu, signals a promising trajectory for the company amidst a challenging and dynamic market environment. As it navigates through uncertainties and embraces opportunities, PDD's innovative approach and strategic vision position it for sustained growth and success in the years to come.
SNOW Options Puts Update - SNOW Approaching $150 TargetSNOW is approaching my price target and there has been a slight rebound. I think there could be more dips into the light blue trendline over the next few days within the next 1-2 weeks. I would look to close out the options puts trade here and would look for a buying opportunity. The price targets on the way up are $178 and $229.
ADTN 680%+ Long-Term Trade With Risks to ConsiderADTN is approaching my buy zone between $4.79 and $5.13 near historic lows. There are four key price targets on the way up, and the highest price target gives a potential ROI of around 680% if ADTN is able to return back to previous all time highs. There are some financial risks and concerns surrounding ADTN so I recommend reading articles to better understand the situation.
Entry Price: $4.79 to $5.13
Sell Targets:
- $7.48
- $13.71
- $24.90
- $37.46
Stop Loss: $4.65
I do recommend a stop loss given the financial concerns for ADTN.
SBLK 200%+ ROI Trade Setup from Insiders in CongressNASDAQ:SBLK is gaining some attention today because Senator Tuberville has purchased $100k worth of SBLK stock, a stock that is focused on forestry and mineral shipping. Senator Tuberville sits on the Senate Committee of Forestry and Agriculture so he could have some insider knowledge here.
Buy price: $23 to $24 (I think an entry at $23 is possible, but I wouldn't mind buying at $24).
Sell targets:
- $77.50
- Previous all time highs are around $1,100.
Stop Loss: $22.50, if stopped out the re-entry price is around $16-17.
For now let's see if SBLK can get to $77.50 then we can discuss the other targets.
The end of the S&P uptrend?There has been a 12 week uptrend channel in the H4 timeframe starting from January 2024 through to today.
The S^P is now showing weakness as follows:
1) There is a triple top on H4 at 5190
2) Bearish Divergence
3) Resisted for 2 weeks in a row
4) Harmonic pattern to sell
Remember when a long bull run is broken, the bear run will be of a similar length.
Can you put up with 12 weeks of bearish moves? Time to take money off the table or if you are like me, go SHORT now.
SAPPHIRE FOODS 40 % RETURN feb 19/ 3/2024
swing trade perfect symmetrical triangle long term opportunity take trade according to own risk this is not call just a analysis.
BULLISH DIVERGENCE IN UPLBullish Divergence in Daily TF
Volumes seen in Friday Candle
Double Bottom Formation also possible
Idea Invalid Below 464
L&TL&T is currently trading at a support level. If you are considering trades, here are some levels you may want to keep in mind.
AVD Great Buy Between $9.56 and $10.58.AVD has three simple trading levels and is trading near the lows around $9.56 to $10.58. There are long wicks down to $9.56 and below for the best entry opportunities. I think AVD could present a buy opportunity over the next few weeks or months and I would be willing to buy around $9.56 or lower. For now there has been a missed opportunity and AVD is trending up. I would wait for a pullback though.
LSF's Bullish Rebound and 2000%+ Long-Term Growth PotentialLSF reported strong earnings this week and had a very bullish rebound. I think LSF was a dead stock, and this week is likely to capture a lot of attention and interest. The weekly candle has broken through numerous resistance levels and there is little resistance on the way up to previous all time highs at $56. This is a 2000%+ growth potential from current price levels, but I think there could be a pullback first and a lower price entry. I would buy and hold to new all time highs for this one. I definitely recommend doing some research as well to see why there has been such a bullish week.
META: $440 is the least sellers can target.META Platforms may have turned neutral on the 1D timeframe (RSI = 53.558, MACD = 15.800, ADX = 23.681) but remain extremely overbought on the 1W (RSI = 76.808). The stock hit the HH trendline that dates back to January 2018, while the 1W MACD is about to form a Bearish Cross. During these six years, the stock has had five standard corrections (excluding the 2022 Bear Cycle) between -15.90% and -44.00%.
The minimum one was the most recent in August 2023. We expect at least such a -15.90% correction before buyers start accumulating again above the 1W MA50, so our sell target is placed accordingly (TP = 440.00).
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GOTO: Price Action Analysis After TikTok's AcquisitionTikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the e-commerce landscape in Indonesia. The partnership aims to navigate and strengthen the online retail market, presenting a substantial investment by TikTok in the region. The acquisition is set to reshape the e-commerce landscape and boost market competition.
The initial market response has been negative, potentially influenced by profit-taking after a strong run-up. Some analysts believe the negative sentiment could stem from concerns regarding the impact of the acquisition on both TikTok and Tokopedia's market positions.
Now, Let's delve deeper into the technical analysis of GOTO
After facing multiple rejections around a significant resistance area and a dynamic resistance line (EMA 200 Line), the price exhibited the formation of a rising wedge pattern. This pattern, marked by two converging upward-trending lines, saw a subsequent breakout characterized by a bearish Marubozu candlestick and a notable increase in trading volume. This occurrence suggests a continuation of the bearish trend, emphasizing the strong selling pressure in the market. The confirmation of this potential bearish scenario is further supported by the MACD Indicator, which exhibited a death cross. The convergence of these technical signals indicates a robust indication of ongoing bearish momentum toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:GOTO ."
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McDonald's: Is the Feast Over?
For McDonald's Corporation, we continue to believe that we are in a long-term downward correction on the daily chart. We completed the first 5-wave cycle with Wave (5), nearly at the all-time high of around $300. Since then, we've developed the subordinate Wave A and potentially also completed Wave B or at least its initial parts. We expect to see Wave C and the overarching Wave (A) at the level of the subordinate Wave A, i.e., at $245.88. However, if Wave B extends beyond 138%, or $319, and we break above this $319 level, our scenario would be invalidated, and we would need to reconsider our analysis. Until then, we anticipate a subordinate Wave ((c)) moving towards subordinate Wave B in a zigzag pattern, as the structure from Wave A to subordinate Wave ((a)) is a five-wave impulse, indicating a zigzag movement is the only possibility. Therefore, we expect a decline to between $267 and $258, followed by a reversal to develop Wave B, potentially at 138% or 127.2%.
Boeing stock will find buyers soonBoeing stock should bottom at around $163 and the rally will be immense. Add this stock to your watchlist.
MEDC: Repeating Bullish Pattern, Upside Potential +16%?Hi Realistic Traders, let's delve into the technical analysis of IDX:MEDC !
The current market trend for the stock unmistakably showcases a bullish continuation pattern, marked by consistent upward movement above the EMA200 Line, signaling enduring momentum. At the same time, MEDC has formed a descending broadening wedge pattern twice. In December 2023, this pattern served as a catalyst, igniting a bullish reversal or heralding the start of a bullish trend. Yet, the subsequent formation of the descending broadening wedge pattern took on a new significance, becoming a widely recognized indication of ongoing bullish sentiment.
What's particularly notable is the recent breakout from the DBW pattern, accompanied by a significant surge in trading volume. This reinforces our confidence in a sustained upward trajectory. Given these compelling indicators, we anticipate an exciting potential upward movement in price. Our analysis points to a designated target ripe for potential gains, making this an enticing opportunity for traders looking to capitalize on market trends.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Medco Energi International."
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COCR.N0000Wait for pullback to 30
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
EXPO.N0000 - How to buy and sellBuy and Sell zones mentioned in the chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
