After many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to...
CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024 BUY/LONG ZONE (GREEN): $72.50 - $81.25 DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50 SELL/SHORT ZONE (RED): $60.00 - $68.50 Weekly: DNT Daily: DNT 4H: DNT, lean bullish This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis...
Alphabet announced First Quarter 2024 Results. Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the...
The Medical Instruments and Supplies industry had stellar growth until 2022, when it could not beat that anomaly in revenue growth which was one of the primary reasons for the intermediate-term correction in 2022. 2023 patterned out the abnormal revenues and earnings for most industries that benefited from either the pandemic or from the government...
Back in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution...
Dollar Tree ( NASDAQ:DLTR ) encountered a tumultuous start to the year as it grappled with missed earnings estimates and recorded significant charges, signaling challenges in its store closure plan. While the discount retail giant reported revenue growth, uncertainties loom amidst liabilities and a cautious outlook. Let's delve deeper into the implications of...
NASDAQ:MSFT ran down yesterday but is reaching the low of the support today. The next tier of support is outlined also from the Dec-Jan Buy Zone ahead of earnings season. The risk day traders are taking selling short is if it runs below the low of the support and the Dark Pools surface to buy below its fundamental price level. This is why selling short is...
SQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky. SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on.... SQ had bad earnings NVDA a very unrelated stock had great earnings pushing SQ up Recent gap up is clearly irrational Recent rally is unstable and should expect...
WDAY provides software for large enterprises; it reports Monday the 26th after market hours. On the 15-minute chart, it is surging. A recent news catalyst was an upgrade to a target of $ 350. My call options went double digits from a buy on Friday the 23rd at the opening bell. This looks like a good one for earnings scalping whether it is with shares or a...
NYSE:SNOW is completing a long-term bottom formation that is only visible on a weekly chart. The company was highly touted at IPO but has struggled since then. Candlestick patterns indicate pro traders in the mix right now. The stock reports earnings Feb 28th, next week. Candlestick patterns and Pro trader influence imply a possible good report this time around.
Hey all. Markets can see some volatile price action today, because of the release of FOMC minutes, when investors will look for any new details or change in tone regarding FED's policy. But then, after the US close speculators will be focused on Nvidia earning reports. This data can be important, not only for stock it self, but also for the technology sector and...
The Daily chart of NASDAQ:PANW shows a short term bend in the trend which is common when Giant Buy Side Institutions are in quiet rotation mode to lower inventory, attempting not to disturb price. Also, Volume Oscillators and Money Flow indicate selling hidden mostly in price that is being carefully controlled. The stock reports today. This doesn't mean that...
I like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level. We are also digging at the bottom of our controlled selling...
Hello Fellow Stock Traders, Here's a Technical Analysis of BMRI! After successfully overcoming a significant resistance area, BMRI (Bank Mandiri) experienced a subsequent pullback, thereby establishing a new support level. Analyzing the trend perspective, it is observed that BMRI's price movement surged above the EMA 34 Line, which is a promising indicator of a...
NASDAQ:GOOG had a mega gap down on earnings news. The stock was simply over-speculated. The price of this stock was way above the true fundamental values. So the stock gapped down to its current fundamental value level. See the chart attached. The green rectangle outlines the last range where there were Dark Pool Buy Zones. Indicators like...
NYSE:ALV reported today and looks like a potential long. I see here potential H&S breakout (106.60).
American company Alphabet Inc. two days before has published a quartrely statement and announced an increase in net profit and revenue in the second quarter ended in June. In addition, the company said its chief financial officer, Ruth Porat, will take over as president and chief investment officer of Alphabet and Google from September 1, 2023. At the same time,...
TSLA reports earnings today after hours. QQQ is pretty overbought, but TSLA has been hammered down lately. Really interested to see what they do. I'm technically long shares, but not getting overly optimistic. Gapping down seems to be the crowded trade at the moment. We'll see after the bell!