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KLAC Long PositionKLA Corporation (KLAC) has had promising earnings reports for the past two years and is trading in a larger uptrend for the past years. The stock recently had a small pullback but price action on smaller timeframes indicate the end of this pullback and the continuation of the larger uptrend. Therefore, this seems to be a reasonable moment to enter the trade. Furthermore, multiple US banks are targeting a share price of (little) over $800. I would enter this trade around the current share price of $650, target a share price of $797 and put a stop loss at $610.
NASDAQ:KLACLong
by vf_investment
BROADCOM made a Top on the 2year Channel. Potential danger aheadExactly 1 month ago (November 18, see chart below) we gave the buy signal on Broadcom Inc. (AVGO), which turned out to be a big success as shortly after the stock catapulted past our $223 Target: This time however we share with you an analysis that is calling for profit taking on this amazing rally as technically it is coming to an end. The price hit yesterday the top (Higher Highs trend-line) of the 2-year Channel Up, which has approached another 3 times during that time. As you can see, the pattern's structured Legs and Phases are cyclical and repeat themselves. The current Top seems to be similar to the previous Highs (orange circles) that initiated the re-accumulation phases before resuming the uptrend for the final top (red circles) of the Bullish Leg. Both of those pre-Top Highs (orange circles) and their re-accumulation phases that followed, touched the 1D MA200 (orange trend-line) before the final rally of the Bullish Leg. As a result, we won't turn bullish again on AVGO until it tests the 1D MA200 again, which given the aggression of the recent pump, the pull-back could be equally strong. After the re-accumulation Phase is completed, we will resume our long-term bullish Target of $285.00. That represents a +121.85% rise from the August 05 2024 Low, which is the % rise that both previous Bullish Legs had. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AVGO
by TradingShot
5
Nvidia (NVDA) Stock Price Falls to a Two-Month LowNvidia (NVDA) Stock Price Falls to a Two-Month Low While the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed to an all-time high, Nvidia's (NVDA) stock price dropped below $131 during yesterday's trading session for the first time since mid-October. This bearish behaviour suggests a weakening of Nvidia's leading position. What is the reason? A key driver could be the significant surge in Broadcom Inc. (AVGO) shares, a competitor to Nvidia. Following a roughly 20% price increase for AVGO in one day, another growth day followed, as we anticipated yesterday. As a result, amid Broadcom's strong forecast for 2025, AVGO shares have risen by 54% since early December, and investors may be reallocating their portfolios, selling NVDA and buying AVGO. Technical analysis of Nvidia's (NVDA) stock chart reveals a concerning picture — bears may break the lower boundary of the blue channel, which has acted as support throughout 2024. Importantly, bears managed to push the price downwards both from the $150 level and the $140 level (indicated by arrows). According to the Nasdaq exchange, NVDA's stock price in today's pre-market trading has fallen below $130. If this does not trigger demand for the stock of one of the leading companies in the AI boom, it will be another worrying signal. According to TipRanks, analysts remain optimistic for now: → 37 out of 40 analysts recommend buying NVDA shares. → The average price target for NVDA is $177 within 12 months. 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.
NASDAQ:NVDA
by FXOpen
1
Is Quantum Computing the next Big Boom? QUBT, QBTS, QTUM, IONQQuantum Computing ( NASDAQ:QUBT ) rose 65% yesterday. QUBT is only around $11. Is this the start of a boom for quantum computing? Google came out with news of the Willow Quantum computing chip. Did this news swing the focus over to quantum computing? Will the big trade houses start to invest? We will see? Add QUBT to your watchlist along with GOOGL, QBTS, IONQ, QTUM. This could be the start of something big?
NASDAQ:QUBTLong
by PortfolioBuildersClub
UNTR - CUP WITH HANDLEIDX:UNTR CUP WITH HANDLE 13-12-2024 (+): 1. Low risk entry point on nice drifting handle 2. Price above MA 50 > 150 > 200 over 10 weeks 3. Price is within 25% of 52 weeks high 4. Price is over 30% of 52 weeks low 5. 200 day MA trending up over 1 month 6. RS Rating is over 70 (79) 7. Price break major downtrend, it's mean the stock started on Stage 2 uptrend (-): 1. The stock is slow mover, it will take a while to reach the target 2. The volume when the stock is breaking out not quite big Note: Volume not dries up cause of big capital stock, some of big capital stocks doesn't need to dries up their volume
IDX:UNTRLong
by The_small_money
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
NASDAQ:PLTR
by MarketIntel
Salesforce CRM - PEAD (Post Earnings Announcement Drift)Salesforce CRM PEAD (Post Earnings Announcement Drift) This is a swing trading strategy. You buy on a positive surprise in the quarterly or annual report. It has been shown that this surprise impacts the stock price for some time. This refers to Brandt and Kishore from the Fuqua School of Business at Duke University in the USA. Points in the algorithm I follow: 03.12.2024: Q3 after market open. The first trading day where Q3 results are known should see the price rise by more than 4.15%. 04.12.2024: 367.87$ - 331.43$ = 36.44$, which corresponds to 10.99%. Buy on the 4th trading day, Monday 09.12.2024, and hold for 83 trading days until Wednesday 09.04.2025. For the relevant index, the MA (Moving Average) should be above 87 at the time of trade. You can choose what suits you best, but: Nasdaq index > MA 87 NYSE > MA 87 S&P > MA 87 The trade is only made when the general stock market is positive. You can supplement with technical and/or fundamental analysis: CRM is in an upward trend and well above a green cloud in Ichimoku. Buy at market open Monday 09.12.2024 at the price of 360$. I could have bought at a better price later in the day, but the idea is not to spend the whole day in front of the computer, and to execute the trade. However, this can be adjusted to fit personal preferences. Set stop loss at 324$, which corresponds to 10%. The strategy works best with large, liquid companies, value stocks, and smaller with growth companies. But for me, it has also worked on the latter. I have tested the strategy a bit over the first half of 2024 with up to 5-6 companies at a time from NYSE. I’ve made a gain of 50% of the invested capital. But the strategy doesn’t generate profits every time! Remember, you must do your own research and evaluation before buying or selling.
NYSE:CRM
by scorpiris
Stock Of The Day / 12.16.24 / AVGO12.16.2024 / NASDAQ:AVGO Fundamentals. Second day of growth on the back of a positive earnings report. Technical analysis. Daily chart: Exit upwards from a six-month accumulation. Premarket: Gap Up on increased volume. Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement. Trading scenario: pullback along the trend (false breakout with retest) of level 240.00 Entry: 241.10 on impulse up after holding the level at 19:30 Stop: 239.44 we hide it behind the previous higher low Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high. Risk Rewards: 1/4
NASDAQ:AVGOLong
by AlexX31