NVIDIA Update: Big Levels to WatchHere’s the deal with NVDA right now:
1)If it keeps dropping, we’re looking at a move down to $130–$127.
2)But if it can break above $139, we could see it climb to $145 or higher.
It all comes down to whether $139 holds strong or if the price slips lower. Just keep an eye on those levels and let the market do its thing!
Kris/Mindbloome Exchange
Trade What You See
Stocks
Tesla’s Next Move: Breakout or Pullback?Tesla’s sitting at a make-or-break level around $441. If we break through, we could be heading straight for $458. But if $441 doesn’t budge, we’re likely dipping back to the $415–$420 range for a breather.
Keep it simple: Watch $441. If it holds, look for the breakout. If not, stay ready for a pullback. Trading’s all about playing the levels—no need to overthink it!
KRIS/Mindbloome Exchange
Trade What You See
NVDIA Why buying in December is an excellent strategy.NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while.
The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line).
On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg.
As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started.
As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer.
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In-Depth Technical Review on Agape ATP Corporate (NASDAQ: ATPC)The following is the transcript of the ATPC analysis video.
Agape ATP Corporation’s (NASDAQ: ATPC) daily chart reflects a prolonged period of consolidation, following sharp price volatility earlier in the year.
Notably, the share price has stabilised around the $1.40 to $1.50 range for the past weeks, suggesting that a base may be forming after its earlier decline.
From a technical perspective, the MACD indicator provides valuable insight. The MACD line (represented in blue) has remained close to the signal line (orange) with minimal divergence, indicating a lack of decisive momentum for now.
Additionally, histogram bars oscillate around the zero line, suggesting that buying and selling pressures are relatively balanced.
Turning to the Relative Strength Index (RSI), the indicator is currently hovering around 46.7, which places it in the neutral zone. This suggests that the stock is neither overbought nor oversold, aligning with the lack of a clear directional trend.
A move above 50 could signal increasing bullish momentum, while a drop below 40 would reflect growing selling pressure.
Zooming out, the share price has been in a downtrend since mid-year but appears to have found a floor near the $1.40 level. While short-term volatility has subsided, the lack of volume and weak momentum indicators signal that traders are awaiting a catalyst to trigger the next significant price movement.
In summary, ATPC’s technical indicators – the flat MACD and neutral RSI – suggest the stock is currently in a consolidation phase. Moving forward, traders should monitor any significant breakout above resistance above USD 1.50 level for a trend reversion confirmation.
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown:
-First downtrend lasted 46 bars (69 days)
-Second downtrend lasted 48 bars (73 days)
Both downtrends are similar in length, with a slight increase between the first and second.
If we follow this pattern of slight growth in downtrend duration,
we can estimate based on historical patterns,
it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
Broadcom Inc. (AVGO) Stock Price Soars Nearly 20%Broadcom Inc. (AVGO) Stock Price Soars Nearly 20%
The chart shows that at the end of last week, Broadcom Inc. (AVGO) stock price surged nearly 20%, breaking the psychological barrier of $200 per share and pushing the company’s market capitalisation to $1 trillion.
Last week, the company released its quarterly earnings report. The actual figures were close to analysts' forecasts — earnings per share of $1.42 vs $1.39 expected and fourth-quarter revenue of $14.05 billion vs $14.07 billion expected. However, the extraordinary rise in stock price was driven by a strong market reaction to the company's optimistic forecast, which is based on robust sales of chips designed for artificial intelligence (AI) applications.
Media reports highlight that the company’s revenue growth from the AI boom reached 220% year-over-year, and the total AI chip market could reach approximately $90 billion by 2027.
Technical analysis of the AVGO chart indicates the formation of a significant bullish gap:
→ In 2024, the price formed an ascending channel (shown in blue). Now it is near its upper boundary.
→ By measuring the width of the range between $139 and $185 to set a target for price movement following its bullish breakout, the level of $233 is obtained.
If the bullish momentum continues, the AVGO stock price could rise above the upper boundary of the ascending channel (as it did in mid-June), potentially reaching the specified target. Following this sharp increase, the price might correct, possibly moving toward the area of the bullish gap.
According to TipRanks, the average price target for AVGO shares is $229. However, given the information on anticipated future earnings released last Friday, these forecasts may be revised upwards.
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.
Market Year Wrap 2024: Key Highlights and Outlook for 2025Market Year Wrap 2024: Key Highlights and Outlook for 2025
The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure.
From central bank interventions to geopolitical developments and technological advancements, every corner of the financial world experienced notable activity. In this article, we will take a detailed look at the major trends and events shaping the global economy in 2024 and provide insights into what lies ahead in 2025.
Inflation and Interest Rates: A Balancing Act
In 2024, inflation showed signs of moderation globally. In the United States, it stabilised around 2.7%, marking a notable shift that bolstered market confidence and set a cautiously optimistic tone for the broader economy.
Throughout the year, rate cuts dominated monetary policy discussions. Following the unprecedented rate hikes implemented in response to the COVID-19 pandemic, major central banks began scaling back rates. However, they had to walk a tightrope between a complex landscape of lower but still stubborn inflation and resilient labour markets and the necessity for monetary easing. The magnitude and pace of these cuts varied significantly, reflecting differences in economic conditions across regions and creating complex relationships in the forex market.
Analysts widely anticipate that policymakers will adopt a more measured approach to easing monetary policy as 2025 unfolds. Most developed market central banks, excluding Japan, are expected to reduce interest rates to neutral levels by the year's end. However, if economic conditions deteriorate more than anticipated, there is potential for central banks to push rates below neutral to support growth.
The Fed, in particular, faces a delicate balancing act, as it must carefully navigate potential policy developments—such as trade tariffs—that may not ultimately materialise. At the same time, any resurgence in inflationary pressures could prompt a shift toward a more restrictive rate trajectory in 2025 and beyond, further complicating the policy landscape.
Forex Market: A Year of Divergence
Currency markets in 2024 were shaped by a combination of monetary policy shifts, economic recovery efforts, and political developments. The US dollar experienced a rollercoaster year, initially depreciating against major currencies as markets anticipated the Federal Reserve’s first rate cut since the COVID-19 pandemic. However, it rebounded toward the end of the year, influenced by post-election optimism and expectations of protectionist trade policies under the Trump administration.
The British pound demonstrated resilience throughout 2024, supported by the Bank of England’s patient and measured approach to monetary policy. Despite potential rate cuts, the pound maintained its strength, reflecting confidence in the UK’s economic fundamentals. In contrast, the euro faced significant headwinds. The ECB’s aggressive easing measures widened interest rate differentials with the pound and the dollar, weakening the euro. By the end of the year, trade uncertainty stemming from potential US tariffs weighed heavily on the euro, given the Eurozone’s dependence on global trade.
The Japanese yen experienced mixed fortunes, bolstered by the Bank of Japan’s decision to raise its benchmark interest rate to 0.25%, the highest level since 2008. This move provided much-needed support for the yen, although concerns about potential US trade policies created downside risks. Meanwhile, commodity-linked currencies such as the Australian and Canadian dollars saw fluctuations driven by interest rate differentials, global trade dynamics and their respective economies' ties to the United States and China.
Analysts caution that President Trump’s tariff policies could intensify the overvaluation of the US dollar in 2025, potentially heightening the risk of global financial instability. The prospect of trade restrictions may add complexity to an already volatile economic landscape.
Commodity Markets: Precious Metals Shine, Oil Struggles
Commodity markets have seen a resurgence in investor interest. According to data from WisdomTree and Bloomberg, the proportion of investors allocating resources to commodities rose to 79% in 2024, compared to 71% in 2023—an expected rebound after a challenging year for commodities in 2023.
Precious metals, particularly gold and silver, emerged as top performers. As of time of the writing on 11th December, gold prices surged by over 30%, while silver outpaced gold with a 35% gain. Several factors drove these impressive performances, including geopolitical tensions, economic uncertainties surrounding the US presidential election, and strong demand from emerging market central banks. According to analysts, these factors should continue supporting precious metals in 2025.
Natural gas prices also experienced significant growth, rising 30% to 50% across major markets in Asia, Europe, and North America. Colder weather forecasts have fueled demand, particularly in Europe and Asia. Analysts suggest that this bullish sentiment in gas markets is likely to persist through the winter, with prices unlikely to see significant declines until well into 2025. However, high gas prices are expected to increase power costs globally, straining fragile economic growth in key regions such as China and Europe while rekindling inflationary concerns.
Oil, however, faced a challenging year despite geopolitical crises and production cuts. One of the reasons is a weak demand, particularly from China. In the United States, gasoline inventories exceeded long-term seasonal levels. According to analysts, the growing transition to electric vehicles in developed markets represents a long-term challenge for oil demand. Although some analysts anticipate a recovery in 2025 as OPEC+ production cuts take effect and geopolitical risks persist.
Stock Markets: Tech Leads the Charge
The US stock market delivered robust performances in 2024, reaching new record highs, with the technology sector at the forefront. Innovations in artificial intelligence (AI) played a pivotal role in driving growth, with major companies such as Microsoft, Nvidia, and Amazon reporting strong earnings. This momentum boosted broader indices, with the S&P 500 and Nasdaq 100 recording gains of 28.57% and 27.4%, respectively, as of 10th December.
The broader market also benefited from declining inflation, interest rate cuts, and better-than-expected corporate earnings. These factors may contribute to the stock market growth in 2025. However, stretched valuations temper some of the optimism, and concerns about potential trade tariffs add a layer of uncertainty.
Looking Ahead to 2025: Key Market Drivers
As we look ahead to 2025, several critical factors are poised to influence the direction of financial markets.
Central Bank Policies
Central banks will remain pivotal in shaping financial markets in 2025. The balance between maintaining growth and addressing inflationary pressures will be a key theme for central banks throughout the year, influencing the strength of equity markets. Interest rate differentials will play a significant role in determining currency movements.
Global Economic Recovery
The global economy is expected to continue rebounding from pandemic effects. GDP growth, employment trends, and trade balances will be key factors influencing financial markets.
Trade War Uncertainty
Potential trade tariffs pose a significant risk. The scope, products, and geographies targeted will determine the impact on global GDP, inflation, and interest rates. Any escalation in trade tensions could disrupt markets and strain economic recovery.
Artificial Intelligence and Innovation
AI and emerging technologies may drive productivity gains, offering an upside to global growth. By boosting efficiency and reducing costs, AI could also exert disinflationary pressure, influencing economic dynamics in the long term.
Geopolitical Tensions
Geopolitical risks, including trade disputes and political conflicts, remain unpredictable but could disrupt markets.
Final Thoughts: Embracing Opportunities Amid Volatility
The year 2024 brought its share of challenges and opportunities, showcasing the resilience and adaptability of global markets. From navigating geopolitical uncertainties and evolving monetary policies to embracing the transformative potential of technologies like artificial intelligence, market participants faced a dynamic landscape.
Looking ahead to 2025, the horizon offers new opportunities. Continued advancements in innovation, shifts in economic policies, and the resolution of key global tensions could set the stage for exciting market fluctuations. Use the new year to test your skills and look for new opportunities!
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.
Pan American Silver (PAAS) AnalysisCompany Overview:
Pan American Silver NYSE:PAAS , a leading precious metals producer in the Americas, is strategically positioned to benefit from the rising prices of silver and gold, driven by global economic uncertainties and inflationary pressures. As investor interest in precious metals grows, PAAS stands out for its robust operations and efficient portfolio management.
Key Catalysts:
Organic Growth Focus:
PAAS has increased its 2024 drilling budget to over 450,000 meters, highlighting management's confidence in its exploration prospects.
This aggressive exploration strategy signals long-term production growth and resource expansion.
Portfolio Optimization:
The company secured Investment Canada Act approval for the $245 million sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group.
This transaction demonstrates PAAS’s commitment to unlock value from non-core assets and focus on its most profitable operations.
Precious Metals Momentum:
Rising gold and silver prices, fueled by inflation concerns and economic uncertainty, enhance revenue potential for PAAS.
As a top-tier producer with diversified operations, the company is well-leveraged to capitalize on higher commodity prices.
Investment Outlook:
Bullish Outlook: We remain bullish on PAAS above the $20.00-$21.00 range, supported by strong fundamentals, rising metals prices, and a clear focus on organic growth.
Upside Potential: Our target range for PAAS is $34.00-$35.00, reflecting the company’s ability to grow production, optimize its portfolio, and benefit from favorable macroeconomic trends.
🚀 PAAS—Capitalizing on Rising Precious Metal Prices and Strategic Growth. #Gold #Silver #MiningGrowth
BTCUSD | Trade ideaBTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958.
The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels.
BTC ETFs have experienced an outflow of $211 million, marking the seventh consecutive day of withdrawals.
According to the CME FedWatch tool, the probability of a 25 basis point rate cut in September has dropped to 57% from 70% a week ago.
US Markets:
NASDAQ (negative correlation with BTC): Bearish but neutral for BTC, trading weak ahead of the NFP data. A close above 20,000 could push the index to 20,500.
Technical Analysis:
BTCUSD is trading below the short-term 34-EMA and 55-EMA, as well as the long-term 200-EMA on the 4-hour chart, indicating weakness.
On the daily chart, BTC remains below both short- and long-term moving averages, confirming minor weakness.
Support Levels:
Minor support at $54,000. A break below could push BTC to $53,000/$50,000/$46,000.
Bullish Scenario:
Primary supply zone: $57,000. A break above this level could confirm intraday bullish momentum with potential targets of $60,000/$61,800/$63,000/$65,000/$67,000/$70,000.
Secondary barrier: $70,000. A close above could target $75,000/$80,000.
S&P500 Is Approaching the Daily TrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5940 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5940 support and resistance area.
Trade safe, Joe.
Nightly $SPX / $SPY Predictions for 12.16.2024🔮
📅Mon Dec 16
⏰9:45am
Flash Manufacturing PMI
📅Tue Dec 17
⏰8:30am
Retail Sales m/m
📅Wed Dec 18
⏰2:00pm
FOMC Statement
📅Thu Dec 19
⏰8:30am
Final GDP q/q
Unemployment Claims
📅Fri Dec 20
⏰8:30am
Core PCE Price Index m/m
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SWING IDEA - THE RAMCO CEMENTS Ramco Cements , one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.
Reasons are listed below :
Cup and Handle Pattern Breakout : The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend.
1050 Resistance Zone : This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment.
2.5+ Year Consolidation Break : The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation.
Bullish Engulfing Candle : A bullish engulfing candle on the daily timeframe highlights strong buying momentum.
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
S&P 500 Daily Chart Analysis For Week of Dec 13, 2024Technical Analysis and Outlook:
During the trading session this week, the S&P 500 index has exhibited a consistent steady to a lower trajectory, progressing towards our newly established support target of 6034. There remains the potential for a further decline to the subsequent Outer Index Dip level at 5980. Conversely, a notable upside movement via the previously retested Key Res 6090 level is anticipated, which may facilitate a rally to the Outer Index Rally target of 6123; this development will likely pave the way for the next phase of the bullish trend.
SWING IDEA - EXCEL INDUSTRIESExcel Industries , known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals.
Reasons are listed below :
Breaking out 1600 Zone : The price has tested this level multiple times and is now set to potentially break through, signaling strength.
Trendline Breakout : A breakout following a period of consolidation at the higher end of the trendline suggests momentum building.
Highest Weekly Close Since 2019 : The recent price action reflects significant bullishness, closing at levels not seen in years.
Intact Trend : The formation of higher highs and lows indicates that the bullish trend remains solid.
Trading Above 50 and 200 EMA : The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support.
Target - 1920 // 2130
Stoploss - weekly close below 1425
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Kotak Mahindra looking positive again. Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business.
Kotak Mahindra Bank Ltd. CMP 1805.65 is The positive aspects of the company are Attractive Valuation (P.E. = 16.2), Company with Zero Promoter Pledge, RSI indicating price strength, Increasing Revenue every Quarter for the past 8 Quarters and Effectively using its capital to generate profit. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Increase in Provisions in Recent Results.
Entry can be taken after closing above 1806 Targets in the stock will be 1831, 1855 and 1883. The long-term target in the stock will be 1917 and 1947. Stop loss in the stock should be maintained at Closing below 1749 or 1682 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
VST Industries looking Solid after consolidation post split.VST Industries Ltd. engages in the provision of manufacture and sale of cigarettes and unmanufactured tobacco. It operates through the Sales Within India and Outside India too. VST Industries Ltd. CMP is 360.70.
The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are high Valuation (P.E. = 25.2), Stocks Underperforming their Industry Price Change in the Quarter, Companies with growing costs YoY for long term projects.
Entry can be taken after closing above 362 Targets in the stock will be 374, 386, 400, 414 and 431. The long-term target in the stock will be 455, 470 and 487. Stop loss in the stock should be maintained at Closing below 301 or 287 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MSTR 4H: Potential Breakout from Descending TrendlineMicroStrategy (MSTR) has been forming a descending trendline resistance since its recent peak around 520. The price has been consolidating near the trendline convergence point, showing signs of a potential breakout. Current price action suggests accumulation with higher lows forming.
Key Levels:
Major resistance: Descending trendline (currently ~410)
Current price: ~400
Trade Setup:
Looking for a confirmed breakout above the descending trendline with increased volume. A successful breach could signal the end of the current corrective phase and potential trend reversal.
Risk Management:
Place stops below recent swing lows. Watch for false breakouts and monitor Bitcoin correlation as it significantly influences MSTR's price action.