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Tesla (TSLA): Long-Term Breakout Backed by Strong MomentumChart Analysis: Tesla shares have surged past key resistance at $415, marking a significant breakout with strong bullish momentum. 1️⃣ Key Breakout: The price broke above the horizontal resistance level at $415, which previously capped gains in 2021. This breakout signals renewed strength and opens the door for potential continuation. 2️⃣ Moving Averages: 50-week SMA (blue): The price is well above the 50-week SMA at $227, highlighting robust upward momentum and a bullish long-term structure. 3️⃣ Momentum Indicators: RSI: Currently at 80.96, signaling overbought conditions. While this reflects strong buying interest, traders may watch for signs of exhaustion or a pullback. MACD: Bullish momentum is accelerating, with the MACD line rising sharply and far above the signal line. What to Watch: A potential retest of the $415 breakout level as support would be a key technical development to confirm the breakout's strength. Traders should monitor RSI for signs of divergence or overbought reversals while keeping an eye on continuation patterns. Tesla has broken free from a multi-year range, driven by strong bullish momentum. The price action and breakout above $415 suggest bulls are firmly in control. -MW
NASDAQ:TSLA
by FOREXcom
Johnson & Johnson | JNJ | Long at $146.00Johnson & Johnson NYSE:JNJ is strong (but highly controversial) company with anticipated earnings growth on the horizon. With a P/E of 23x, steady dividend growth record, low debt, and expected increased cashflow, the future is optimistic for NYSE:JNJ if they can stay out of the shady spotlight... While the historical simple moving average I've selected suggests the stock is entering a downtrend on the daily chart, I'm going to go against this given the current price/position it is in. If the price can hold in $140's and then move up, there could be an early cup formation here. However, if the price drops below $140, that idea is out, and the near-term downtrend may be on. But the company, overall, is a personal buy-and-hold for the long-term ups and downs (unless new news points the company in a different direction). Thus, at $146.00, NYSE:JNJ is in a personal buy-zone. Target #1 = $157.00 Target #2 = $165.00 Target #3 = $170.00+
NYSE:JNJLong
by WorthlessViews
EOSE Breakout Eminent Wave Analysis and Current Setup The chart reflects a potential Elliott Wave 5 bullish count: Wave (1): The initial impulse move upward from the recent bottom, Wave (2): A corrective pullback that retraced a portion of Wave (1), forming a higher low, Wave (3): Anticipated continuation of a strong upward move, aiming for Fibonacci extensions around $6.38, $7.06, and $8.16, Wave (4): A projected minor corrective pullback, Wave (5): A final upward push towards the 161.80% Fib Extension at $8.94. The green trajectory outlines this bullish wave setup. Key Support Levels: Immediate Support: $2.39 (50% retracement), Interim Support: $1.71 (23.6% retracement), Major Support: $0.61 (absolute low). Key Resistance Levels: First Resistance: $4.28 (78.6% retracement), Wave Resistance: $6.38 to $8.16 (Fibonacci extensions, critical for Wave 3 completion), Major Resistance: $9.94 (200% Fib extension). RSI and Momentum: RSI: Trending upward at 71.58, suggesting the stock is nearing overbought conditions. However, strong upward momentum could sustain RSI in the 70+ range for longer during Wave 3, MACD: Bullish crossover with strong momentum supporting the uptrend. Volume Trends: Noticeable volume spikes coincide with upward price movement, confirming institutional interest or heavy buying pressure during breakout moves. Market Sentiment: The presence of Fibonacci resistance clusters around $6.38 to $8.94 indicates strong confluence and potential selling zones. Traders might take profits near these levels. Trading Strategy: Current Positioning: A tight risk setup is indicated with a $0.50 stop-loss, providing a favorable risk-reward ratio. Entry Point: Around $3.89, where price currently trades. Profit Targets: Short-term: $4.28 (78.6% retracement), Intermediate-term: $6.38 (123.6% Fib extension), Long-term: $8.94 (161.8% Fib extension). Stop-Loss Placement: Below immediate support near $2.39. Options Play: Consider selling cash-secured puts at $2.50 strike or targeting covered calls near $6-$7 resistance to capitalize on premium. Conclusion: EOSE is exhibiting a textbook Elliott Wave bullish structure supported by Fibonacci extensions and volume confirmation. The setup offers significant upside potential with clear resistance targets while maintaining a manageable risk profile. Traders should monitor RSI and volume for momentum validation during Wave 3’s progression.
NASDAQ:EOSELong
by scotthenderson
1
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
NYSE:NVSLong
by WorthlessViews
MDB - Scary Pullback Or Give UpNow THIS is a heck of a scary pullback! But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in. Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over. The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing upwards, while the orange Pullback-Fork has a level of Support at the Center-Line. All in all, it's a nice Long for me.
NASDAQ:MDBLong
by Tr8dingN3rd
3
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
NYSE:CVSLong
by WorthlessViews
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
NASDAQ:ASMLLong
by WorthlessViews
1
TopGolf | MODG | Long at $7.85 TopGolf NYSE:MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, NYSE:MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range. Target #1 = $10 Target #2 = $12 Target #3 = $14 Target #4 = $15
NYSE:MODGLong
by WorthlessViews
NVIDIA - Arguments For BearsAs in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear. We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again. - the "Trend Barrier Dow" was breached - price reacted to the tick multiple times at the U-MLH (White Rectangle) (Upper-Medianline-Parallel). This is clear resistance. - Price just filled the GAP from 3 Days ago, so it can continue in the opposite direction (down) again. So, that's it. You have 3 ways to play this: Long, Short, Flat. Earnings of such a Market influential underlying is a pure gamble. I grab some Pop-Corn and watch the show and see, which of the cases is wrong and right. §8-) Happy Profits all
NASDAQ:NVDAShort
by Tr8dingN3rd
20% downside risk still persists MT ; Long term upside 100%- In the short term, NYSE:UBER price can go down to test $47 at 200 SMA on weekly timeframe. - This will present a solid opportunity to buyer Uber at an attractive valuation. Risks & Opportunities: - Many investors are selling it because of AV i.e waymo & robotaxi by tesla. - These AVs are not a risk for at least 3-5 years. On top of that, Uber is a global platform which allows one to use the same app in various countries. - AVs are capital intensive and will eat up lot of capital from Google & Tesla. It is not scalable beyond US where there's huge population like Asia or where the roads aren't good, traffic signs are confusing. Therefore, there will always be a demand for rideshare with an actual driver. - Rideshare with driver will always be cheaper to operate in countries where population is high & labour is cheap like south America, asia, south-east asia. It is capital light because car is of the cab driver whereas for AV, the car needs to be modified, infrastructure needs to be maintained, software updates, car maintainence etc can't compete with rideshare with human driver. - Uber is a "verb" for ride hailing and can be used as a benchmark for right pricing as local taxi drivers might dupe tourists. - CEO Dara is amazing and has turned Uber from a loss making company to a profit generating machine. His execution is top class. - I remember when Uber & Lyft used to trade hand in hand till 2022. But Dara's execution proved Uber to be a rideshare winner. - Uber should perform well even if we hit a recession because in a recession although there would be demand compression but the supply of drivers will increase ( gig economy ) so price paid to driver will decrease ( simple supply & demand ) which will lead to stabilization of margins. - People ain't stopping to buy food from uber eats as they are too lazy to cook and won't stop taking rides if they have to go from A to B. Plus, in a recession, people are likely to invest less in buying new car which can be seen from cooling down of auto industry despite several rate cuts. Disclaimer: - I'm nibbling Uber as it goes down and want to build this as my biggest position for a safe & asymmetrical returns of 60-100%+
NYSE:UBERShort
by bigbull037