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Marathon Digital Holdings (MARA): Bullish Divergence SignalsMarathon Digital Holdings is heavily influenced by developments in the cryptocurrency market. Despite this dependency, significant indicators on the RSI chart show repeated divergences. These divergences have previously resulted in substantial price movements and could potentially do so again. Currently, we have identified a bullish divergence on the daily chart, with the stock holding above the High-Volume-Node (HVN) Edge within a trend channel. These correlations suggest there could be enough momentum for the stock to retest the $34 level, which we consider a minimum target. Marathon's stock is known for its rapid movements, meaning it can quickly move up or down. Should the stock move upwards, it could swiftly surpass the $34 mark. However, we must also consider the presence of equal lows on the chart. These equal lows are often a point of concern as they indicate significant liquidity below them, which the market tends to target. Therefore, it is possible that we might see a dip to collect this liquidity in the coming days, weeks, or even months, potentially bringing the price back to the trendline. In the worst-case scenario, the stock might drop to the High-Volume-Node Point of Control at $9.67 before resuming its upward trajectory. Despite this risk, we believe that Marathon has substantial upside potential in the coming weeks. The confluence of bullish signals and strong support levels suggests that the stock could see significant gains if the bullish divergence plays out as expected.
NASDAQ:MARA
by freeguy_by_wmc
How much strength does it take to fill a gap?While I believe $87.50 is the point of contention for price action in the days to come, it’s difficult to say whether SBUX will be either below $70.00 or well above $100.00 by the end of Q4 2024. Either way a set up does present itself. The consumer is undergoing discretionary spending and currently this stock is down 15.43% year to date. When sentiment shifts, I see no reason as to why this asset couldn't be a decent performer in one's portfolio. The trading game plan is as follows. 1.) Short entry at 83.05 from the 100 4HR EMA 2.) SL set at 88.20 3.) TP 1 78.69 4.) TP 2 74.50 5.) TP 3 72.00
NASDAQ:SBUXShort
by Ra_way
Why longer term charts are importantI took a look at the weekly gold/silver ratio and noticed a few significant patterns. For example, there was a notable acceleration downward following the break of a 3-year uptrend a couple of weeks ago. Additionally, there is support at the 74.65/63 level, which has been in place since January 2022. This observation reminded me of the importance of examining long-term charts, regardless of your trading time frame. Longer-term charts provide essential context and clarity that short-term charts often lack. Why everyone should be looking at longer term charts: 1. Identifying Trends Long-term charts help in identifying significant trends that might not be visible in short-term data. 2. Smoothing Out Volatility Short-term data is often noisy, with frequent fluctuations that can obscure the underlying pattern. Long-term charts smooth out this volatility, providing a clearer picture of the fundamental movement and reducing the influence of random, short-term events. 3. Contextualizing Current Movements Long-term charts place current price or economic movements in a broader context. This helps investors and analysts understand whether a recent change is part of a larger trend or not. 4. Historical Comparisons These charts allow for comparisons with past periods, making it possible to identify cycles, recurring patterns, and historical precedents. This historical perspective can be invaluable for forecasting future movements and making informed predictions. 5. Assessing Risk and Reward By examining long-term performance, investors can better assess the potential risks and rewards of an investment. Understanding how an asset has performed over various market cycles helps in evaluating its stability and growth potential. 6. Avoiding Emotional Bias Short-term market movements can evoke strong emotional responses, leading to impulsive decisions. Long-term charts provide a more detached view, helping investors stay focused on long-term objectives and avoid reacting to short-term market noise. Conclusion In summary, long-term charts offer a comprehensive view that is critical for understanding trends, reducing noise, contextualizing current events, making historical comparisons, assessing risk, avoiding emotional decisions, developing strategies, and analysing economic cycles. They are an indispensable tool for anyone involved in financial markets or economic analysis, providing the clarity and perspective necessary for informed decision-making. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
TVC:GOLDSILVEREducation
by The_STA
7
BLOCK (SQ): Major Buy Zones Identified Amid Potential Upswing!BLOCK (formerly Square) has experienced a significant sell-off since its all-time high of $290 in July 2021, dropping to a low of $37. This marked the completion of Wave 2 in its price cycle. Currently, we are observing two critical zones: Must-Buy Zone : Between $33 and $51. Historically, the price has spent minimal but crucial time in this range, indicating strong market movement always follows a dip into this zone. Okay-Buy Zone : Between $51 and $87. This broader range also saw significant accumulation periods, specifically from May 2018 to March 2020, and again from May 2022 to the present. BLOCK's price dipped to the Must-Buy Zone recently but quickly reclaimed higher levels, suggesting a potential upswing. Additionally, a clear bullish divergence on the RSI (3-day chart) indicates a possible new momentum phase. Potential Scenarios: Retest and Reclaim : On the 12-hour chart, a retest of the high-volume nodes and Points of Control (POC) on the daily and 3-day charts might occur. If BLOCK retests these levels successfully, it could signify a sustained upward movement. Dip and Buy Opportunity : Should the price fall below these POCs, another dip into the Must-Buy Zone could present an excellent long-term buying opportunity, especially if the RSI indicates oversold conditions aligning with these price points. Given the bullish divergence on the RSI and historical support levels, there is a strong case for a potential upward movement. However, the risk of a further dip remains, making it crucial to monitor these levels closely for a strategic entry point.
NYSE:SQLong
by freeguy_by_wmc
SPY (S&P500 ETF) - Weekly - Potential Resistance Price TestSPY (S&P500 ETF) has been in an uptrend since 2023 and is approaching its all-time-high price resistance again. $523.07 is the current all-time-high price resistance. $497.83 is the current support level price, and also the 0.236 fibonacci level. Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575. Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466. Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns. Date created: 05/10/2024
AMEX:SPY
by NoFomoCharts
SAIL - 50-70% ROI Potential with an RR of 1:3 - MidTermPotential1) Stock is in uptrend in Monthly , weekly. 2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same. 3) Weekly Price shows Morning star reversal. Note : This stock has not participated in the bull rally of 2023. Entry - Anywhere between 122-135. I see aggressive entries can be planned at 135. Targets - 151, 170, 190-200, 260 STOP LOSS - Would consider exit only if monthly closes below 108.
NSE:SAILLong
by Rugminik
3
$TONUSDT either correction or fifth waveIn my point of view, we will be able to see two ways of the further development of events: 1. BYBIT:TONUSDT will stop recent moving and will turn around directly to the correction related to the previous long jumps. This scenario look like more probable, since regarding to the indicators, this pair seems overbought. 2. In accordance with the waves theory, BYBIT:TONUSDT will close the 3rd wave via short correction moving and will open a raising movement to the 5th wave (1W chart). Expecting and prefer to see correction to 3.5-4 in the closest time. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view
Short
by furoreggs
S&P 500 Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook: In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar made a spectacular surge on the upside to our Inner Currency Rally 1.084 and a lot more. Current market conditions suggest that the Eurodollar may continue upward momentum to complete our Inner Currency Rally 1.091 via the newly created Mean Res 1.089. On the downside, the currency is prone to go down to Mean Sup 1.082 and possibly Mean Sup 1.076.
by TradeSelecter
#SOLARA Looking Good for Long-Term Holding around 1 YearStrengths: Established market position in key APIs, along with strong customer and supplier relationships: Solara has a strong portfolio of APIs in key therapeutic segments, with expertise in anthelmintic, anti-malaria, anti-infective and non-steroidal anti- inflammatory. Furthermore, it has been increasing its focus on the non-steroidal anti-inflammatory segment by adding capacity and working on other therapeutic segments. Solara has a diversified customer base, with more exposure to regulated markets. Its longstanding presence in the industry has helped Solara build healthy relationships with customers and suppliers. Moderate financial risk profile: Solara's financial risk profile is moderate marked by comfortable capital structure, albeit constrained by expected weakening of debt protection metrics. Gearing remained healthy at less than 1 time as on March 31, 2023, while networth was robust at Rs 1083.01 crore. However, networth and gearing are expected to deteriorate to Rs 835.98 crore and 1.09 times, respectively, as on March 31, 2024 led by net loss owing to the fire incident. Debt protection metrics, likely to be negative in fiscal 2024, are expected to improve in fiscals 2025 and 2026. Improvement in financial risk profile would remain a key monitorable. Weaknesses: Exposure to risks relating to strict regulations: Most of the products manufactured by Solara face increased inspections and regulatory actions by authorities, such as the US Food and Drug Administration (US FDA). Additionally, production of a few products involves waste discharge, which needs to be treated in effluent treatment plants (ETPs). Thus, Solara needs to invest continuously to upgrade ETPs and bring efficiency in the process to reduce waste discharge. Large working capital requirements: Working capital requirements are sizeable as reflected in significant receivables and inventory of around 142 days and 156 days, respectively, as on March 31, 2023 and is estimated to be over 120 days each for fiscal 2024. CRISIL Ratings expects working capital requirements to gradually improve over the medium term with an increase in revenue contribution from the new plant. Correction in working capital requirements that shall aid liquidity shall be a key monitorable. Volatility in operating profitability: Operating profitability fluctuated between 23.78% and 9.3% in the last 3-5 fiscal and in the current fiscal the company is making further losses due to the fire accident. Going forward, the ability of the company to demonstrate sustained improvement in operating margins will be a key sensitivity factor.
NSE:SOLARALong
by iism-ExpertTrading
Mcdowell Hangover ?- It has been in a sideways channel for almost 2 years with clear support and resistance zones - It showed strength in the initial phase of this week but at the end got hung over Literally, upside down. - In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for now. - Despite the trendline breakout ( Say If it had), It would have been wise to wait for the resistance zone to break and the price to sustain over it. - Even now It has 50 - 50 chances but maybe for us, it's a bit of red bias. What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:UNITDSPR
by TheChartereds