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WULF potential breakout coming! (NFA)Hello Tradingview community! As always: If this pattern I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright everyone, This is JUST AN IDEA. But as you can see.. we COULD repeat this triangle pattern once again! But remember to watch the lines/channels and not only price targets We got downside target and we got upside targets - Hopefully we breakout of this triangle to the upside I still believe personally we could end the year at: 7-8 dollars This is just a quick update, have a nice day NFA DYOR <<<-----
NASDAQ:WULF
by RandomTAdude
Tesla (TSLA) Shares Fall After ‘We, Robot’ PresentationTesla (TSLA) Shares Fall After ‘We, Robot’ Presentation On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”: → Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities. → Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price tag of under $30,000. → Optimus Gen 2 – humanoid robots that participated in the event, with Musk showcasing a video of how Optimus can be used in home settings. Elon Musk stated that Tesla anticipates the arrival of fully autonomous vehicles without supervision in Texas and California by next year. Despite the revolutionary nature of the products presented under the Tesla brand, investors seem disappointed, as TSLA shares are trading around $225 in pre-market today, down from over $238 at yesterday's close. Technical analysis of the Tesla (TSLA) stock chart indicates that the ascending channel (marked in purple), which has guided the price upward since August, may break downward at the market open today. From a broader perspective, TSLA shares are within a wide ascending channel (shown in blue) – the bearish momentum following the “We, Robot” event could potentially push the price down to the lower boundary, further distancing it from resistance at the $260 level. Investors may reevaluate their initial reactions to the unveiled Cybercab, Robovan, and Optimus. Nonetheless, the current decline in TSLA's stock price serves as a warning ahead of the earnings report scheduled for 23 October. 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:TSLA
by FXOpen
1
JOHNSON & JOHNSON Excellent confirmed sell signalJohnson & Johnson (JNJ) gave us the most optimal buy entry on our last call (April 17, see chart below) and easily hit our 157.50 Target: Having been rejected early in September exactly at the top (Lower Highs trend-line) of the 2-year Channel Down and now establishing price action below its 1D MA50 (blue trend-line), this is a confirmed sell signal and the start of the Channel's 5th Bearish Leg. The RSI Lower Highs are common on all previous Channel tops. Our Target is 141.00, which is on the Internal Lower Lows trend-line (formed by the last 2 Lower Lows) and still above the 1.236 Fibonacci extension. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JNJShort
by TradingShot
Investment Opportunity in Lam ResearchHello, With the increasing spotlight on semiconductor companies, particularly giants like Nvidia, many investors are closely tracking the sector's performance. As the AI revolution continues to unfold, identifying companies that have lagged in price, yet hold strong potential, could present significant opportunities. One such company is Lam Research Corp. , a prominent player in the semiconductor space. About Lam Research: Lam Research designs, manufactures, markets, and refurbishes semiconductor processing equipment used in the fabrication of integrated circuits. Despite flying under the radar compared to some of its peers, it offers a compelling case for investment. Here are some key metrics that highlight its strong financial position: - Market Cap : Approximately $99.6 billion - Basic EPS : $2.91 - 2024 Revenues : $14.9 billion, with net revenues growing steadily to $3.83 billion - Share Buybacks : The company has consistently repurchased its shares over the past five years, contributing to shareholder value by avoiding dilution. - Total Cash : $5.85 billion, with total current liabilities at $4.34 billion, demonstrating a healthy liquidity position and the ability to cover short-term obligations. - Book Value Per Share : $65. With the current share price hovering near this figure, the stock could be undervalued, making this an attractive entry point. Technical Perspective: From a technical analysis standpoint, Lam Research has recently experienced a pullback, presenting a potentially ideal buying opportunity. Our target price for this stock is **$110 per share**. We strongly recommend considering this stock for your portfolio. Good luck!
LLong
by thesharkke
SHOP - Oct 24 Opening Sustainable MomentumTechnicals RUT D1 is currently in a range setup. The CPI report showed that US inflation is cooling more slowly than expected, missing forecasts. This caused both the RUT and SPX to gap down at the open. While the SPX held above the support level it had broken the day before, the RUT’s bear gap was significant enough to test the 2172.90 support level. However, price quickly reversed, and the RUT closed with a bullish hammer pattern. The alignment of RUT's H1 bullish hammer pattern and SPX holding above the support line was a signal for a price pivot on the RUT for price to ride the range upwards. SHOP had tested a previous support and continued to move upwards on the H2. I placed an entry position on the high of the H2 candle and got filled. Opening Sustainable Momentum 🧑🏻‍🚀 Strategy Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %). Risk We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation. Current SL is at 0.25Fib Stock Pool Shortlisted Mid to Small cap Tech stocks that have clear D1 and H2 price movement (Not choppy). Historically has shown price movements aligned to high impact moves in on the RUT index. Focus Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R. Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward. Character Trend, Positive Skew
NYSE:SHOPLong
by Ronin_trader
Gatos Silver (GATO) AnalysisCompany Overview: Gatos Silver NYSE:GATO is positioned for an exceptional 2024, with CEO Dale Andres expressing confidence in hitting the higher end of silver production forecasts. The company’s 70% stake in the Los Gatos Joint Venture (LGJV) significantly enhances its value proposition, while ongoing aggressive exploration efforts in the region provide opportunities for new discoveries and resource expansion. Key Catalysts: Strong Silver Production: GATO is expected to deliver silver production at the upper end of its projections for 2024, which could be a key driver for stock performance. Los Gatos Joint Venture (LGJV): The company's 70% ownership in LGJV offers a solid foundation for growth, with access to one of the highest-grade silver districts globally. Exploration & Resource Expansion: GATO's exploration efforts in the Los Gatos district continue to uncover new opportunities for resource expansion, bolstering future revenue prospects. Revenue Growth: In Q1 2024, Gatos Silver reported a 16% increase in revenue, largely due to higher sales volumes, a positive sign of operational efficiency and market demand. Investment Outlook: Bullish Outlook: We are bullish on GATO above $12.80-$13.00, supported by the company’s strong silver production outlook and exploration upside. Upside Potential: Our target range for GATO is $25.00-$26.00, driven by production growth, exploration success, and increasing revenues. 🚀 GATO—Silver Shining Bright with Exploration and Production Growth. #SilverStocks #Mining #Exploration
NYSE:GATOLong
by Richtv_official
NVDA for Tomorrow Trading (11/10/2024)NVDA is trading around $134.88 as of the latest price action on the 1-hour timeframe. Let’s break down a technical analysis (TA) for tomorrow’s trading: Key Levels: Resistance: The nearest resistance is around $135.00, as indicated by the current price struggling to break through that level. Beyond $135, there could be resistance near the $138.94 to $140 range. Support: Immediate support is seen at $132.65, where price previously bounced. A stronger support level is at $130.83, which aligns with the broader upward channel and previous price reactions. Volume: The volume shows a slight tapering off as price approaches the $135 resistance, indicating that buyers may be hesitant, and we might see consolidation or a pullback unless volume increases. Indicators: MACD shows some mixed signals. There was a recent crossover that might indicate short-term downward pressure, but it's hovering around neutral levels. Trendline: The white trendline shows an upward channel, suggesting NVDA is in a short-term uptrend. The price is moving towards the upper bound of the trendline, and a breakout could take it higher. Potential Scenarios: Bullish Scenario: If NVDA breaks the $135 level with higher volume, it could push towards $138.94 and $140 in a strong upward momentum. Bearish Scenario: If it fails to break $135, expect a potential pullback to $132.65 or even $130.83 support. For tomorrow's session, watch the $135 level closely, as a break or rejection here will likely determine the direction. Keep an eye on volume and momentum for confirmation. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult with a licensed financial advisor before making any investment decisions.
NASDAQ:NVDA
by BullBear-Insights
TSLA for Tomorrow (11/10/2024)Key Levels: Support: $232.46 (marked as the current low). $239.68 is another significant support level based on the red line drawn. Resistance: $249.89 and $252.14 are key resistance levels indicated by the blue lines. The price is currently battling around $241.05, which can act as an immediate resistance level based on recent rejection. Volume & Indicators: The volume a spiked during market hours, but it has tapered off slightly. This suggests that while there is still activity, momentum might be slowing. MACD shows a significant dip into the negative area, which could indicate bearish momentum, but there are signs of consolidation. If this negative momentum starts reversing, it could give an indication of a potential upward move. Trend Analysis: There seems to be a downtrend forming based on the sloping white line, but the price is attempting to break out of this trend. If TSLA can break above $241.05 convincingly, it may retest $247.45 or even the higher resistance levels at $249.89. What I think is TSLA is neutral to slightly bearish outlook short term, especially if price fails to break above the immediate resistance levels. Strategy for Tomorrow: Bullish Scenario: A break above $241.05 with strong volume could signal an opportunity to go long, targeting the $247.45 level, with $249.89 as a secondary target. Bearish Scenario: If the price continues to reject at $241.05 and falls below $239.68, a potential short trade could be considered with $232.46 as the target. Neutral/Range-bound: If the price consolidates between $239.68 and $241.05, it might be best to wait for a clearer breakout before entering a position. Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should consult with a financial advisor to determine the best strategy for your specific circumstances.
NASDAQ:TSLA
by BullBear-Insights
2
Elliottwave Double Correction in META Provide Buying OpportunityShort Term Elliott Wave View in META suggests that rally from 7.25.2024 low is in progress as an impulsive structure. Up from 7.25.2024 low, wave (1) ended at 544.23. Wave (2) pullback ended at 495.51 as the 1 hour chart below shows. Up from there, the stock extended higher in wave ((3)) as an impulse. Wave 1 of (3) ended at 527.94 and pullback in wave 2 of (3) ended at 517.11. Stock extends higher again in wave 3 of (3) towards 583.04 and wave 4 of ((3)) ended at 566.4. Final leg wave 5 ended at 602.95 which completed wave (3). Wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave W ended at 581.61 and rally in wave X ended at 592.18. Expect Wave Y to extend lower towards 100% – 161.8% Fibonacci extension of wave W. This area comes at 557.7 – 579.8 where wave Y of (4) should end. From this area, the stock should resume higher again or at least rally in 3 waves. Near term, as far as pivot at 495.51 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
NASDAQ:META
by Elliottwave-Forecast
MercadoLibre (MELI): A Powerhouse in Latin America! MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth. 📈 Key Highlights: Economic Recovery in Argentina driving e-commerce activity. Expansion into logistics and food delivery diversifying revenue streams. Growing adoption of Mercado Pago enhances its financial ecosystem. While I see strong fundamentals supporting a buy rating, a 5% drop could offer a better entry point. My fair price estimate is $2,709, based on a 5 year DCF analysis. Let's keep an eye on the support levels around $1,936 and $1,824. #MELI #MercadoLibre #Investing #StockMarket #Ecommerce #Fintech #LatinAmerica #GrowthStocks #InvestmentOpportunities #Stocktobuy #Pullback
NASDAQ:MELILong
by InvestOhTrader
Nvidia's Stellar Surge: A Reflection of AI's AscendanceNvidia's meteoric rise in recent months is a testament to the burgeoning artificial intelligence (AI) revolution. As tech giants race to integrate AI into their products and services, the demand for Nvidia's high-performance computing chips has skyrocketed. The company's stock has surged by an impressive 25% in the past month alone, and it's on the brink of breaking its all-time high. Nvidia's dominance in the AI hardware market can be attributed to its cutting-edge graphics processing units (GPUs), which are ideally suited for the complex computations involved in AI tasks. These chips have proven to be indispensable for training and deploying large-scale AI models, such as those used in natural language processing, computer vision, and generative AI. As tech earnings season approaches, investors are closely watching Nvidia's performance. The company's financial results will provide valuable insights into the strength of demand for its products and the overall health of the AI market. Analysts are anticipating a strong earnings report, fueled by continued growth in data center sales and increasing adoption of Nvidia's AI solutions. One of the primary drivers of Nvidia's success has been the accelerated development of AI technologies by leading tech companies. Meta, Alphabet, Microsoft, Oracle, and OpenAI, among others, have been investing heavily in AI research and development. These companies are racing to introduce new AI-powered products and services, such as chatbots, virtual assistants, and generative AI tools. To support these initiatives, they require powerful hardware infrastructure, including Nvidia's GPUs. The growing demand for AI chips has created a significant opportunity for Nvidia. The company has been expanding its manufacturing capacity and investing in research and development to maintain its technological edge. Additionally, Nvidia has been exploring new markets, such as autonomous vehicles and healthcare, where AI is expected to play a crucial role. While Nvidia's future prospects appear promising, it's essential to acknowledge the potential risks and challenges that could impact the company's growth. These include intense competition from other chip manufacturers, fluctuations in the global semiconductor market, and the possibility of regulatory hurdles related to AI development. Despite these risks, Nvidia's strong market position and the increasing importance of AI suggest that the company is well-positioned to capitalize on the ongoing technological revolution. As AI continues to transform industries and society as a whole, Nvidia's high-performance computing chips are likely to remain a critical component of the AI ecosystem.
Editors' picks
NASDAQ:NVDALong
by bryandowningqln
5