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PROCTER & GAMBLE The 1D MACD gives the buy signal.Last time we looked into Procter & Gamble (PG) was December 2022 (see chart below) and called for a massive sell-off to $140: As you can see that took place almost perfectly, with the price dropping even lower from $155 to $136. We hope you took advantage of this analysis and if you didn't short, at least got a comfortable buy entry as the price rebounded and reached $158. The price is currently on a 2-month selling sequence after the August 10 rejection on Resistance 1 (158.45) and is approaching the bottom of the Channel Up. The horizontal Support (1) is at 142.00 and the 1W MA200 (red trend-line) marginally above 140.00 and rising. Technically Support 1 is the true Support level but under this pressure we can't rule out a 1W MA200 test to gather long-term buyers. In any case, since almost 18 months, the buy signal with the lowest risk has been given when the 1D MACD forms a Bullish Cross. That is the buy entry confirmation for investors. Until then, the price can keep declining surrounded by negative fundamental market conditions. Take advantage of the MACD to get the most optimal position and target 158.45 (Resistance 1). ------------------------------------------------------------------------------- ** 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:PGLong
by TradingShot
Netflix's Bullish Trend Ending: Traders, Prepare for Downtrend!Hi Realistic Traders. Here's my price action analysis on Netflix In our close examination of NFLX, the streaming titan, a compelling narrative unfolds. Initially, a double-top pattern emerged between July 2020 and January 2022, followed by a significant breakout from the neckline. This breakout confirmed a bearish reversal, resulting in a remarkable 70% decline from its peak. However, the plot deepens. NFLX recently revisited its double-top pattern's neckline while concurrently crafting a channel chart pattern. Adding to the intrigue, NFLX struggled to regain its former heights and descended below both the lower trendline and the dynamic support line, a classic sign of a sustained bearish trajectory. Not to be overlooked, the Stochastic indicator chimed in with a bearish divergence, providing further validation for the impending downward movement. Our target price? Set conservatively at under $300. Traders, prepare for a captivating journey ahead! It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on NASDAQ:NFLX ."
NASDAQ:NFLXShort
by financialfreedomgoals101
4
STARBUCKS It isn't time for coffee yet..The Starbucks Corporation (SBUX) has been declining aggressively since early May 2023 as fundamentals failed to keep the mid-2022 rally going. Now there are heavy technicals for the stock to consider as last month (chart on the right) it closed the 1M candle below the 1M MA50 (blue trend-line) for the first time in 11 months. On the weekly (chart on the left), it is already below both the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line). The long term pattern since the March 2020 COVID crash is a Triangle and the current Support is its Higher Lows trend-line. The 1W RSI also has a Higher Lows trend-line to consider, so we will wait for a test and clear rebound on the former. On the 1M time-frame, it's the 1M MA100 (green trend-line) that was touched during the previous two Higher Lows and provided a strong rebound and bullish reversal as it rose and left a big candle wick behind, emphatically indicating the presence of long-term investors. Similarly the 1M RSI has a Support Zone to consider. We think it is possible for both the 1W and 1M RSI to touch its respective Support levels sideways as the price's drop decelerates near the Higher Lows. In conclusion our Buy Zone is within the Higher Lows trend-line and the 1M MA100. The target will be the Lower Highs trend-line at $105.00. ------------------------------------------------------------------------------- ** 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:SBUXShort
by TradingShot
1
NETFLIX Is the streaming Giant a buy again?Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months: The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is oversold on the 30.00 Support. Last time it was this low (March 10), the Megaphone priced a Higher Low bottom. As you realize, along with the 0.382 Fibonacci, we currently sit on a quadruple level Support Cluster. Based on the 93 candle (roughly 135 days) rule within this Megaphone, which suggests that at the end of the 93 candle count, NFLX will either be near a High or a Low, we still have around 2 months to call a bottom. As a result, if the 1D MA200 and Megaphone break, we can see a slow descend along the 1W MA100 (red trend-line) and then pick up a reversal. Either way, the once mighty streaming giant is entering a new long-term Buy Zone. Our target is the 0.786 Fibonacci extension ($587.50) even though we wil most likely see the Megaphone peak higher by Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
UNITED HEALTH Mega bullish break-out. ATH next.United Health Group Incorporated (UNH) broke above the Lower Highs trend-line that has been holding since the October 31 2022 All Time High (ATH). That is a major bullish break-out signal alone but has one last short-term Resistance to overcome, Resistance 1 (516.00) which happens to be exactly on the 0.618 Fibonacci retracement level. If that Resistance level breaks, we will buy and target Resistance 2 (530.65). Then even though the bullish leg might extend higher, we will only buy after a clear pull-back to the 0.618 Fibonacci and target the ATH (558.00) that happens to be just above Resistance 3. The Lower Highs bullish break-out signal is strengthened by the fact that the RSI on the 1W time-frame is coming off a Bullish Divergence. On such long tern downtrends, this typically signifies a strong bullish reversal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:UNHLong
by TradingShot
CANO Cano Health Potential Buyout!CANO Cano Health was trading at all time low last friday, $0.22! Last year, I remember that following numerous reports suggesting a potential bid, Citigroup analysts have stated that if Humana or CVS Health were to acquire the primary-care provider Cano Health, they might value it at $14 per share. With $2.74 Billions in revenue in 2022, I think Cano Health is too big to go bankrupt. This might be an interesting buy opportunity, in my opinion!
CLong
by TopgOptions
1
BAC, Massive Descending-Triangle, Huge BREAKOUT-Expansion Setup!Hello There! Welcome to my new analysis of BAC. In recent times I have spotted important value stocks within the market that have the potential to emerge with a major transformational reversal and indicate main expansional determinations once the appropriate confirmations have emerged. In this case, I have analyzed BAC with the current ongoing underlying dynamics and with BAC it has to be mentioned BAC is a stock that can unfold its full potential with the current Consumer Demand to appropriately increase further. More and more supply-chain disruptions are repaired again and are recovering now, if this dynamic holds on it sets up a crucial turning in the overall market sentiment. Also, the fact that CPI has declined now for a consecutive period of time builds an important market from where stocks as I have spotted in my watchlist confirm the necessary opportunities. When looking at my chart now, BAC is forming an important structure, firstly as it is still trading within this gigantic ascending-trend channel in which it has the main supports within the lower boundary and already bounced several times within there. Secondly, BAC has the main support levels between the 26.3 and 27.5 area as it is marked in my chart. Thirdly, BAC is already bouncing within the areas and is forming an important support base within this zone. All these factors are building a determined support base from where BAC has considerable potential to emerge with a major reversal and increase the bullish edge. The most important formation in this whole structure is the momentous descending triangle formation. Such a formation is leading to a meaningful substantial expansion reversal in almost all of the cases. Once the whole descending triangle formation has been completed with the final setup as it is marked in my chart this is going to activate the further bullish price-action accelerations into the upper directions and emerge with the major wave-C within the whole wave-count that BAC already established. The completion of the formation also means BAC is going to activate the target zones within the 62.50 and 66.50 areas. Now, taking all these factors into consideration, currently, there is a massive digitization boom with digitization developments increasing within recent times and the growth rates in this sector are accelerating. When BAC moves further with the potential to transform their holdings into the newly developed ecosystem this is going to have a tremendous effect on the actual bullish sentiment prevailing here, especially in combination with the fact that the Consumer Expenditures in this sector are increasing. With such a backing and increase of these factors, this is actually indicating that the price-action accelerates in pace. Once the formation has been completed the next phase targets mentioned will be active. Thank you everybody for watching my idea about BAC. Support from your side is greatly appreciated. "With a prime perspective on stocks history, we can have a better understanding of the past and present, and thus a clear vision of the stocks future." VP
NYSE:BAC
by VincePrince
6
DELL, Massive BULLISH Price-Action Spikes, EXPANSION-Setup!Hello There! Welcome to my new analysis of DELL. In recent times I have spotted and analyzed important setups in the stock market that have the ability to emerge with a worthwhile hedge against the severe inflation, recession, and supply-chain events currently going on. In today's times, it is more than necessary to pick the gems that have the potential to be the primary hedge for the crucial transformational events going on. In this case, my main approach within the stock market is to only pick the top trading setup opportunities to move forward with a total-return approach to hedge against bearish liquidation events. With DELL, it has to be mentioned that DELL had the ability to emerge with this momentous all-time-high breakout printing this over 30% bullish spike wave towards the upside. In this case, the volume is also an important factor here, because without the increased volume this would just be a huge bull trap and the bears are likely to turn the market again. However, this is not the case and DELL had the ability to confirm this important bullish price-action spike with the necessary volume confirming it as a legit breakout and establishing the base for further expansions. Together with this major all-time-high breakout DELL also is trending in this gigantic expansional wave-count with the wave A and B already being completed and now the wave C is within the expansion phase. This means that with the bull-flag formation that completed wave B the DELL price-action already set a 350% wave expansion target within the 180-200 area. Especially when the volatility as it is currently doing increases 3x, 4x, 5x, or more this means that these targets will be reached at a much faster pace than is the case with other setups in the market. Currently, DELL is already forming the continuation setup with the ascending triangle on the local term which will be completed within the next time, especially when this happens with a high volatility the increased momentum will be determined. Because of the significance of this important setup and because DELL has been approved as a major potential gem I am keeping the stock on my watchlist and elevating important changes, especially in terms of events that could trigger a huge demand rally here. Thank you everybody for watching my idea about DELL. Support from your side is greatly appreciated. “Price is what you pay. Value is what you get.” VP
NYSE:DELL
by VincePrince
5
ORCL, Crucial, Massive Double-TOP, BEARISH-Triangle Setup!Hello There! Welcome to my new idea about ORCL. In recent times ORCL already increased with heavy bearish determinations towards the downside as it printed this massive bearish momentum spike candle forming a -15% dump and liquidating almost over 100 Billion positions. Such crucial bearish inclinations should be never underestimated because especially in a time in which the stock market is forming several mixed determinations it is necessary to consider such stocks as ORCL as potential short-side stocks, especially with continued bearish momentum. This is why I have analyzed the main underlying dynamics within the analytics backend to consider to most prevalent crucial dynamics in this current market. As when looking at my chart ORCL continued to emerge with the major -15% dump from the most severe upper 125 resistance level from where it already pulled back towards the bearish direction in the past. Now, as ORCL emerged with these bearish spikes towards the bearish directions it moved below the previous support levels at 114 and marked several crucial lower lows below this level exaggerating the bearish momentum especially as these previous supports are now major resistances. Furthermore, ORCL dumped below the main 100-EMA and 200-EMA, these two EMAs are now major resistance levels together with the 114 resistance indicating that there is not of a lot possibility for ORCL to turn around and move above these crucial resistances again. On the bigger global scale ORCL has completed a major double-top formation breaking below the 114 area as marked in my chart, especially as the second top has formed with this accelerated bearish momentum this double-top is the most prevalent formation within this whole determination. Furthermore, now that ORCL has dumped below the main levels it is forming a confirmational triangle formation below the 114 level and this triangle formation is about to be finalized within the next times. The triangle formation will be finalized with ORCL dumping below the lower boundary of the formation as marked in my chart and once this breakout has shown up this is going to be the origin of the wave-C extensions towards the downside. With the completion of the double top and the bearish triangle formation, ORCL will have set up a doubled bearish ABC wave count. Taking all the major prevalent determining factors into consideration here it has to be mentioned that ORCL is in a crucial bearish development that has the ability to increase with the bearish momentum acceleration every time soon especially as ORCL already confirmed several main bearish determinations here. The completion of this major bearish momentum acceleration is going to form the next -15% dump into the targets of 95 and investor's open interest turning into a bearish sentiment is likely to increase this dynamic to an accelerated determination. It has to be mentioned that not every stock within the market is so bearishly inclined like ORCL, this is why this formation within ORCL is important right now. Such determinations can offer important hedge potential opportunities when considering a total-return approach considering other assets like the DXY and bonds are up, this is going to be an important bearish indication for ORCL as well. In this manner, thank you everybody for watching my analysis of ORCL. Support from your side is greatly appreciated. VP
NYSE:ORCL
by VincePrince
9
IBM, This is Huge, Massive BULL-Acceleration, BREAKOUT-Setup!Hello There! Welcome to my new analysis of IBM. In recent times I have analyzed the stock and I have detected major important historical determinations within the analytics backend that are actually indicating an epical breakout has a high potential to emerge within the next times. Not every stock within the market is bullish however with IBM there are clear signs that it already had the potential to rebound since the grievous corona market shock lows and now as digitization increases this is already building a bullish base for IBM. Within my chart, I have detected this gigantic inverse head-shoulder formation in combination with the paramount bull flag formation, both being two bullish formations that have the potential to be major bullish trend accelerants once the breakout above the boundary has shown up this is going to activate a major double confirmation here. The trend is supported by the major underlying demand structure as well as the EMAs and the main ascending trend line. Once the final breakout above the upper boundary of the inverse head-shoulder formation in combination with the upper boundary of the bull flag has shown up this is going to accelerate the demand trend dynamics. Taking all these factors into consideration here as digitization since the corona pullback lows have been completed increased massively this is increasing the actual digitization demand within the market and for a stock like IBM, this means that there is a main underlying demand base that is accelerating a bullish trend dynamic. Once the main breakouts as mentioned within the next times have shown up this is going to activate the minimum target of 250 and above further continuations have an increased potential once the main demand and momentum spread into the trend direction increases. Because of the importance of this setup forming here, I am keeping the stock in my current watchlist. In this manner, thank you everybody for watching my analysis of IBM. Support from your side is greatly appreciated. VP
NYSE:IBM
by VincePrince
6
PFIZER Buy signal but only on the short-term.Pfizer (PFE) has been trading within a Channel Down pattern since the start of the year and on Friday it registered the strongest green 1D candle since the recent Lower Low leg started in August. This is technically the start of the new rebound leg towards a new Lower High. Those have been priced within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line), never breaking above the latter. We are therefore targeting the 1D MA50 again at 34.50, an average estimate based on the previous three Lower High legs. Note that this is only a short-term trade as the long-term trend remains heavily bearish within the Channel Down. Only a 1D candle closing above the 1D MA100 can justify a longer term buy targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PFELong
by TradingShot
7
ADBE, Second BEAR-Fractal, SHORT-Momentum DOOMSDAY Incoming!Hello There! Welcome to my new analysis of ADBE. This stock has been massively battered by the major bear market decline setup in the gigantic bear channel. This stock did not exceed any new highs and did not have the potential to emerge with new bull momentum. The bears are still present within this stock and this is exactly why the bear momentum for this stock can accelerate heavily any time soon. There are several major bearish indications that are underlining the bearish scenario for the stock in an overwhelmingly precarious way. Three reasons why the bear doomsday scenario for the stock is present, starting any time soon: 1.) Massive Liquidations: Over 250 Billion positions have been liquidated within the previous bearish doomsday market decline wave towards the downside. 2.) Weak Momentum: The momentum with which the recent meager recovery wave setup is highly fragile and is likely to turn anytime soon. 3.) Major Short-Side Positioning: A vast amount of institutional and smart money operators are positioning their selves on the short side. Always an important indication especially with retail traders positioned in the other direction. Why shorting the stock through the upcoming second bear doomsday scenario will be the best approach in the current and upcoming market conditions: 1.) Second bearish ascending wedge fractal: The stock is going to complete exactly the same bearish ascending wedge fractal towards the downside once again. 2.) Total-Return Approach: By shorting the stock a trader has the candidature to a total-return approach, the trader is profiting when prices fall and at other times when they go up. 3.) Liquidation Acceleration: Once the whole ascending fractal has been completed it will trigger a fast-paced bearish wave making profits much faster than in an uptrend. The most prevalent determining indications that are going to activate the upcoming bear market scenario wave for the stock: As it is seen in my chart ADBE completed the huge bearish ascending triangle fractal exactly by moving into the upper distribution zone from where it emerged with the pullback towards the downside and set up the massive 250 Billion bearish liquidation wave towards the downside. This wave developed very fast and by positioning oneself before this huge bearish wave and completion of the fractal towards the downside a trader could make a big load of profit in the market. Now, ADBE is still trading within the gigantic descending channel formation in which it has the most prevalent upper resistance distribution channel which has been the origin of the massive bearish waves towards the downside before and is now already setting up the upcoming 300 Billion bearish liquidation wave towards the downside which is going to activate the completion of the second ascending wedge fractal and the preceding wave C towards the bearish direction. In the next times, the whole bearish ascending wedge fractal will be completed with the breakout below the lower boundary followed by the breakout below the 65EMA and 100EMA from where the bearish trend acceleration is going to unfold huge accelerations towards the downside and the severe bearish continuations towards the lower target zones. Especially, in this case, the market could still continue beyond this level in the bearish direction. Upcoming Perspectives and the major underlying factors that are primarily important for consideration on the short side for the stock, the sector, and the economic field: It has to be mentioned that an economic field with high interest rates, spreading inflation, a stagnation within the sector is setting up the determination to increase this whole bearish wave development, especially with a more bearish volume moving into the market. Also, highly determining in this case is the actual technology developments because when they reverse in an economic field this will have massive bearish effects on the stock as well. Now, for traders it is highly important to follow such market situations with the appropriate setup within the market, especially in such times it is necessary to have the right positioning within the market because a massive bearish pressure acceleration can start anytime soon considering a huge acceleration in the inflation, a smart money operator bearish market making in which the bearish conclusion will be inevitable, an expiring futures market in which a lot of futures turn to an bearish volatility in the market. This is why traders need to position their selves before all these heavy bearish scenarios are set up. In this manner, thank you everybody for watching my analysis of ADBE. Support from your side is greatly appreciated. VP
NASDAQ:ADBE
by VincePrince
9
FNV, GOLD-Mine GEM to Complete Historical Triangle-EXPANSION!Hello There! Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the gold market sector have the potential to accelerate the price-action dynamic so that stocks like gold mine stock have the potential to move on with historical breakouts like never seen in the gold market history. I have mentioned the gold market developments already in previous ideas and with FNV I have spotted a new gem within the market that can unfold its whole potential with the major gold-backed currency-system implementation developments ongoing. Historical Gold Market Developments and What Should be Derived for Today´s Market: Throughout history, gold rushes have shown that the market had the ability to convert the gold market into exponential growth rates almost overnight. Today, with the appropriate technology and innovation provided by a fourth industrial evolution development such measurements within the gold market can top everything seen before in the gold market history. An implementation of a gold-backed currency system even in a small or medium-sized economy field is going to accelerate the demand for gold and therefore also gold mines as it is the case with FNV in such a manner that a major breakout of the established price action will almost be inevitable. Major Formation to Increase the Potential for a Massive Trend-Acceleration Simultaneously With a Gold-Backed Currency-System Implementation. FNV is forming this gigantic epic ascending triangle formation with several bullish bouncing within the whole trend direction and the major bullish wave already established before. Furthermore, FNV has major support zones within the whole structure determined by the triangle boundary, the 65-EMA, and the horizontal supports. Now as FNV already penetrates the upper boundary of the major ascending wedge formation this means that a final breakout of the triangle formation above the upper boundary is not far away and especially in this case the full acceleration and implementation of the new gold-backed currency system could be one of the primary triggers of such a final breakout. Upcoming Perspectives, Determinations, Targets, and Underlying Dynamics as well as the Overall Gold Market to Consider for a Conversion-Breakout Wave-Expansion: Within my analysis, I spotted the most important metrics, key factors, and price levels to watch out for within the current development, and therefore the finalization of the final breakout and acceleration of the price dynamic is not far away. Once a breakout above the upper boundary of the paramount triangle formation has shown up this is going to mark the origin setup of the huge expansion wave to accelerate within the whole chart. In this case, FNV is going to mark a target zone of at least a 180% continuation. Especially, when the gold-backed currency-system implementation appropriately moves forward simultaneously with the breakout and expansion wave C this is going to accelerate the dynamic even above the levels of the upper target zones. Especially, today we should look at history and see how innovations and important market changes could transform a market such as the gold market into epic price actions with growth rates above average. Taking this into the perspective of the market today this could be the origin of a major transformational market like never seen before. Therefore, it is necessary that the necessary technology is implemented to actually realize the full potential that results from a gold-backed currency system and the acceleration of gold mines. In this case, I am going to re-analyze the developments with the major key metrics to estimate the trend ongoing within the gold market. It will be an important development. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
NYSE:FNV
by VincePrince
15
aapl → two short targetshello guys... as evident, this stock breaks down the ascending channel with a GAP! The price action wisdom sets two targets: Target 1: 170.95 Target 2: 163 it is another chance that the price retraces to "the area after the gap" and then starts another correction. ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
NASDAQ:AAPLShort
by melikatrader94
17
CHEVRON 1D Golden Cross ahead. Can it finally break out?Chevron Corporation (CVX) has been trading within a long-term Triangle pattern, which has potentially funneled the price action lately to a Rectangle. The key development for the next few days is the emerging Golden Cross on the 1D time-frame, the first since October 28 2021. Technically, this has the ability to break both above the Rectangle (Resistance 1 at 173.00) as well as the Triangle (Lower Highs trend-line). The 1D RSI Higher Lows are supporting this action, so if we close a 1D candle above Resistance 1 (173.00) we will buy and target 180.00 (Lower Highs of Triangle). Then if upon a short-term pull-back the 1D MA50 holds, we will re-enter and target 188.00 (Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CVX
by TradingShot
3
BRK, Massive Volatility-Developments, Important Price-Dynamics!Hello There! Welcome to my new analysis about BRK on several timeframe perspectives. The BRK stock is one of the few stocks within the recently bearish inclined stock market that is actually showing all-time-high developments with the price-action bouncing into a new all-time-high. Within this case there are important underlying dynamics going on which could turn out to be a major factor in determining the stocks future and incoming price-actions. Especially as BRK did not pulled back massively yet this is actually increasing the possibility of no bull-trap to emerge here. First of all, BRK is recently forming this ever so decisive Ascending-Triangle-Formation on the local timeframe perspective which is likely to be completed within the next times. Once the Ascending-Triangle-Formation has been completed it is going to activate initial target-zones. In this case 5 factors will be important to consider. The first factor on how the momentum shows up once the breakout emerged. The second factor on if BERKSHIRE actually pulls back from the target-zone or it has such a momentum that it continues above it. The third factor on if the major ascending-supports hold and BERKSHIRE emerges with a bounce from there on. The fourth factor on how Apple a major holding of BERKSHIRE develops and the fifth factor on if the U.S. CPI continues to decline. Taking all these factors into the consideration here now, the next times will be highly important because BERKSHIRE is going to show up with the major decisive volatility developments. When considering this whole dynamic on the global perspective also BERKSHIRE is forming this gigantic ascending-triangle also besides the local timeframe and once BERKSHIRE holds this gigantic ascending-triangle lower boundary it is going to be the impediment of the whole continuations to accelerate, activate the target-zones and reach out to all of the target-zones in the upcoming times. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYSE:BRK.B
by VincePrince
4
WMT, Ascending-Triangle-Formation, BREAKOUT Incoming!Hello There! Welcome to my new analysis about WMT on the 2-hour timeframe perspectives. As I mentioned in previous ideas the stock market currently is in a highly mixed condition with many stocks being bullish and having breakout potentials while others make better short candidates. The approach with a total-return trading is to make profits in all states of the market either to the up or downside and therefore pick setups on the long as well as short-side. In this case I spotted a important price-action-dynamic with WMT that is likely to lead to a major breakout towards the short side. Especially, with the dynamic setting up here this has a massive potential to turn into a considerable opportunity to move forward within the next times. As when looking at my chart now WMT is forming this major ascending-triangle-formation with the continued wave-count within the formation and the waves A to D already completed. Now as WMT is edging higher within the triangle it is going to approach the upper boundaries in combination with the main all-time-high resistance from where a pullback is highly likely once the wave-count has been completed. This means that once WMT pulled back off the upper levels and breaks out below the lower boundary it is going to setup the further bearish continuations as marked in my chart with the breakout-setup. Once the breakout has shown up WMT is going to set up the next wave C within the main wave-count reaching from A to C. Especially once the trend acceleration below the 45-EMA as well as 100-EMA emerged this is going to point towards the lower levels and further bearish volume to accelerate. Once the whole formation has been completed it will activate targets seen within my chart within the 155 level. Once these targets have been reached there is also the possibility for a continuation if the main double-top-formation should complete with a huge breakout below the 155 level. Especially, considering the dynamic to show up with huge bearish momentum this has a high possibility to convert into a further bearish continuation therefore the stocks stays on the watchlist as a main short-candidate. Thank you for watching my analysis. Support from your side is greatly appreciated. VP
NYSE:WMT
by VincePrince
2
AAPL, Major Trend-Dynamics, Volume, Momentum and Targets!Hello There! Welcome to my new analysis about AAPL on several timeframe perspectives. As AAPL has shown up with this huge bearish price-action to the downside testing the remaining supports at 175 this has been a crucial dynamic from where AAPL should determine further dynamics of its future price-action because if the breakout below the previous supports settled this would trigger a lot more bearish positions to the downside as even already seen before since the pullbacks from the all-time-high area. The fact that AAPL firstly formed the reversal lows here now does not mean AAPL is completely bullish forever however with the formational structure within the local 4-hour timeframe perspective AAPL could setup the major reversal to determine initial target-zones within the structure from where the momentum should be measured once they are reached. If the momentum moves on as it already established before this will provide the price-action for a much larger formation to be completed here. The much larger formation which will be completed once AAPL shows up with the appropriate momentum is a massive ascending triangle formation within the channel and once it has been completed with the necessary momentum it will activate the target-zones mentioned. The final confirmation is going to setup once AAPL formed the breakout out of the boundary into the trend-direction. Especially, if the establish Consumer Demand Expenditures do not decrease further this is likely to accelerate the price-action-dynamics. Thank you for watching my analysis. Support from your side is greatly appreciated. VP
NASDAQ:AAPL
by VincePrince
6
IBM show a small level double topIBM show a small level double top This figure shows the weekly candle chart of IBM's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, IBM's stock tested the 2.000 position of the bottom up golden section twice in December 2022 and this month, completing the small level double top form! So for a period of time in the future, use the bottom of the graph to match the 1.618 position of the golden section as the watershed to judge the strength of IBM's stock!
NYSE:IBM
by Think_More