SHOPIFY targeting 75.00It's been 10 months since we last analyzed Shopify Inc. (SHOP) and called for a $60 target (see chart below):
The stock recently hit that level and we now see that it's trading within a Bullish Megaphone/ Channel Up combo pattern. With the 1D MA50 as its Support and recent strong fundamentals, we now set the next medium-term target at $75.00 to fill Gap 3. The 1D RSI has been on a Higher Lows trend-line, clearly indicating the most optimal buy entry within the pattern.
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Stocksignals
APPLE Made a new All Time High! Can it extend the gains?Apple Inc. (AAPL) just made a new (historic) All Time High (ATH) today by breaking above $183.00 and is simply extending the rise on the Channel Up pattern that started on the January 03 2023 market bottom. At the same time it has already hit our short-term target (165.00) and is near completing our final target of 190.00. This is the target set we called for on our last Apple analysis on March 06 (see chart below):
The basis of this target is the 2.0 Fibonacci extension from the Right Shoulder of the Inverse Head and Shoulders (IH&S) pattern that priced the January bottom. The 1D RSI however has reached a level, the 76.50 Resistance, which since last August has caused two rejections. We do expect a rebound on the 4H MA50 (yellow trend-line) but if broken, be ready to add buys on the 1D MA50 (blue trend-line) which has been holding as Support since January 25. The long-term Support from now on is the 1W MA50 (red trend-line), which is traditionally the Support on new multi-month rallies such as the current one.
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Starbucks I It will go up 2 minutes ago
Welcome back! Let me know your thoughts in the comments!
** Starbucks Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Stock Of the week from 5 to 9 June 23Hello Traders,
Trading this stock next week has potential to add as extra success in your trading . You just need to follow the price action explained on these marking. Just check below for complete price action. For last four years I have been continuously provide the precise predictions all on this platform to make your trading easy.
Will TSLA hit $410 by EOY ?Happy Friday everyone, and congratulations for making profit during this wave. As expected (see previous post).
Looking at TSLA on the daily timeframe we see that the price of TSLA broke above the $207 and is testing the new resistance at $215.
The trend remains bullish as long as the price creates higher highs.
Of course there will be a correction, and for those who already sold and are waiting for a new buying opportunity, here are my buying levels to keep an eye on.
The daily RSI is in the oversold territory, and we have a strong $215 resistance. However, no bearish candle formation as of this weeks close.
For this year top price prediction, I believe that TSLA will test its ATH at $410. Why? We have a bullish flag formation that is now confirmed and the target (using log chart) is at $410.
Going back to where I think the price of TSLA will correct, I think that we will see the price coming down to $173-$180. Even $165 is not out of possibilities which is the bottom of the symmetrical pattern. Fib golden pocket at $175.
Thanks for reading, and Stay tuned. Please share your thoughts and comments, and don’t miss this trade if you missed my previous trade.
The Cigna Group to break the resistance?CIGNA CORPORATION - 30d expiry - We look to Buy a break of 270.11 (stop at 260.11)
The primary trend remains bullish.
Posted a Double Bottom formation.
A break of the recent high at 269.36 should result in a further move higher.
This stock has seen good sales growth.
The bias is to break to the upside.
Our profit targets will be 295.11 and 300.11
Resistance: 258.50 / 265.0 / 269.36
Support: 254.50 / 251.00 / 240.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Apple Stock Continuously Breaks Strong Pressure?Apple Stock Continuously Breaks Strong Pressure?
This chart shows the weekly candle chart of Apple's stock from the end of 2019 to the present. The graph overlays the line between the low and low points of the past three years, the line between the high and high points, and the horizontal line of the top short start position! As shown in the figure, Apple's stock quote has already broken through the strong pressure of the previous top short start position this week, but it is clear that bulls are unable to close above it! In the future, it is likely to retreat to the upper edge of the triangle and wait for the direction near the end of the triangle to break through again!
NOG to breakdown?NORTHERN OIL AND GAS - 30d expiry - We look to Sell a break of 29.48 (stop at 31.02)
Short term bias has turned negative.
There is no clear indication that the downward move is coming to an end.
The bias is to break to the downside.
A break of the recent low at 29.57 should result in a further move lower.
A sequence of daily lower lows and highs has been posted.
Our profit targets will be 25.88 and 25.38
Resistance: 30.44 / 31.00 / 32.60
Support: 29.57 / 28.50 / 27.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
S SentinelOne Options Ahead of EarningsAnalyzing the options chain of S SentinelOne prior to the earnings report this week,
I would consider purchasing the $22.5 strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $0.85
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
T-MOBILE hit the 1W MA100 after 7 months. Buy. T-Mobile (TMUS) has been trading within a long-term Channel Down pattern and yesterday started rebounding after hitting the 1W MA100 (red trend-line) for the first time since October 13 2022. That fractal is very similar with the current sequence. This is a buy call and with it we are targeting the 1D MA50 (blue trend-line) at 143.50.
Attention is needed as we are about to see the first 1D Death Cross since October 11 2021. As a result we will only turn bullish on T-Mobile again on the long-term if the price breaks above Resistance 1 (152.25).
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MONDAY approaching the top of the Channel Up.Monday.com Ltd (MNDY) is testing today the 1W MA100 (red trend-line) for the first time, being just below Resistance 1 (192.50) and the top (Higher Highs trend-line) of the 8-month Channel Up. This is a strong medium-term Resistance cluster and as the 1D RSI is about to hit its Higher Highs trend-line of its own, we will be looking to sell and target 135.00, on a potential contact with the 1D MA200 (orange trend-line), near the bottom of the Channel Up.
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Falling Knife- Consolidation Series - Asian PaintsThis stock has fallen from the high of 3500 level to almost 2800 level & that is 20% fall in almost 6-7 months. Its trading in the range for last 2-3 months & it'll be interesting to see whether it breaks itself free for its old glory.
Check your own chart, this is only for educational purpose & Not a buy recommendation.