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GME heading to $47 after leaving the current corridor of $26-30For GME, there are currently several bullish indicators from a technical perspective. However, in my opinion, we can break it down a bit. At the moment, we are in the corridor between $26 and $30 since 11/07/24. The $26 level now acts as a very strong support zone, while $29.80/$30 is historically one of the strongest resistance levels for GME. Whenever GME has broken through this zone with volume, it has experienced a sharp upward movement. Additionally, GME has not had a weekly close above $30 since August 2022. This zone is one of the most critical for the bears. Once we leave the corridor between $26 and $30, we should relatively quickly reach the first target around $47. The higher resistance levels are $63, $80, and $120, with $80 likely being the strongest resistance after $30. Once $80 is breached, we enter 'unchartered territory,' and all-time highs come within reach. Given the consolidation period so far, I anticipate a breakout towards $47 in the near future.
NYSE:GMELong
by DoriTradesIt
MercadoLibre setting up for good buy opportunityHello, MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. TECHNICAL ANALYSIS- Checklist 1. Structure drawing (Trend line drawing on past price chart data)- As shown below 2. Patterns identification (Naming patterns on past price chart data for future wave)- The stock is currently correcting & forming a bullish expanding triangle. 3. Future indication (Reading indicator for future wave)- 0 crossover about to happen 4. Future wave (Drawing on future price chart using future indication from indicator)- As shown below 5. Future reversal point (Identifying trend reversal point on price chart using structure)- Target point as shown From 2018 to 2023, the company experienced significant growth in its financial metrics. Total revenue rose from $1.44 billion in 2018 to $14.47 billion in 2023. Gross profit increased from $655.55 million in 2018 to $6.95 billion in 2023. Net income shifted from a loss of $36.59 million in 2018 to a profit of $987 million in 2023. The company’s earnings per share (EPS) improved from -$0.82 in 2018 to $19.35 in 2023. Total assets grew from $2.24 billion in 2018 to $17.65 billion in 2023, while total liabilities increased from $1.90 billion in 2018 to $14.58 billion in 2023. Highlights of the Nine months ended September 30th 2024 net revenue and financial income reached $14.718 billion, a significant increase from $10.698 billion in the same period of 2023. Gross Profit: Gross profit rose to $6.828 billion for the nine months ended September 30, 2024, compared to $5.540 billion in the same period of 2023. Net Income: Net income surged to $1.272 billion for the nine months ended September 30, 2024, up from $0.822 billion in the same period of 2023. Earnings Per Share (EPS): Basic earnings per share as of September 30, 2024, stood at $25.09. Total Current Assets: As of September 30, 2024, total current assets were $17.824 billion, up from $14.294 billion as of September 30, 2023. Total Current Liabilities: Total current liabilities as of September 30, 2024, increased to $4.308 billion, compared to $3.278 billion as of September 30, 2023. Opportunities The rising adoption of digital payments and growing preference for online shopping reinforce a strong, long-term growth trajectory for MercadoLibre. Expanding its first-party sales business enables MercadoLibre to better compete during major holiday seasons by offering strategic discounts on flagship products. Providing consumer and small-business loans addresses critical gaps in traditional financial services while fostering stronger ties between merchants, customers, and the MercadoLibre platform. Risks to consider Intense competition among fintech rivals may lead to slower-than-anticipated growth or reduced net interest margins for Mercado Pago's consumer, merchant, and credit card product lines. Escalating macroeconomic challenges in Argentina could heighten foreign exchange losses or, in extreme scenarios, disrupt the market entirely. Unique linguistic, trade, and cultural differences in the region pose challenges for cross-border sales, necessitating the upkeep of distinct marketplace platforms in each country. Our recommendation MercadoLibre’s profitability missed expectations, but the company’s focus on strengthening its competitive position is encouraging. Key areas like its logistics network (Mercado Envios), growing ads business, and new Prime-like program (Meli Mais) continue to improve. Despite slight underperformance, strong growth in consumer credit and a better business environment in Argentina are positives. With $6.7 billion in cash and a $400 million credit facility, MercadoLibre is financially strong. Shares remain slightly expensive, but the current correction could present a buying opportunity around the $1,850 level. Our recommendation is a wait to buy at around $1,850 with a target of $2,600. Current price: $1952 (3rd December, 2024)
NASDAQ:MELILong
by thesharkke
1
Adobe (ADBE) Shares Plunge Over 13%Adobe (ADBE) Shares Plunge Over 13% On Wednesday evening, Adobe Inc. (ADBE) released its quarterly financial results: → Earnings per share: Actual = $4.81, Expected = $4.66; → Revenue: Actual = $5.61 billion, Expected = $5.54 billion. Despite exceeding analyst expectations and showing growth compared to the previous quarter, Adobe’s stock opened Thursday with a bearish gap and continued to decline throughout the session, closing more than 13% lower than Wednesday’s close. The sell-off was driven by Adobe’s disappointing 2025 forecast, projecting slower-than-expected revenue and earnings per share growth. According to Yahoo Finance, this stems from increasing competition (from Google, OpenAI, and others) and concerns over monetising AI tools, which have already contributed to a 20% drop in Adobe’s stock this year. Technical Analysis of Adobe Inc. (ADBE) Stock The stock price is: → Forming a descending channel (highlighted in orange), with its boundaries becoming increasingly evident; → Breaking below both a long-term trendline (marked with an arrow) dating back to 2022 and the psychological level of $500 per share. The outlook appears grim, although TipRanks data indicates that analysts remain optimistic: → 22 out of 30 analysts recommend buying ADBE stock; → The average price target for ADBE is $603 within 12 months, suggesting a 27% upside from current levels. However, Adobe’s 2025 projections amidst stiff competition may prompt a reassessment of its investment value, potentially leading to a consolidation of ADBE’s price below the $500 psychological threshold. 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:ADBE
by FXOpen
1
TSLA Wave3 Ends at 900 USD 100% upside BUY/HOLD🔸Hello traders, today let's review daily chart for TSLA. Bullish impulse currently in progress, recent multiple gaps indicate further strength with likely very limited downside on pullbacks. 🔸The structure is a 5 waves impulse, currently Wave3 in progress, 2.618 of wave one so expected to complete at/near 900 USD, from current levels almost 100% upside. 🔸Recommended strategy bulls: BUY/HOLD at market / scoop up any dips/pullbacks if available. Price target is 900 USD in Q1 2025 we are currently in wave3, which is the strongest bullish wave of the entire 5 waves structure. PT is 900 USD, 100% upside. BUY/HOLD setup for patient traders. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
48
Cautious optimism to give way to December decline for NVDA The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see: Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology. Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year. Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand. The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory. With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NASDAQ:NVDA
by JC7USA
2
$CELH high probability rebound startingThis has been one of the worst stocks over the last 6 months. I have been waiting patiently for a curl to prove potential upside. We are now crossing the 50 EMA on the daily. This is showing how bullish it looks on the hourly vs daily. The optimal time to buy was yesterday. I'm staying long at least until the blue MTF cloud break shown on the hourly chart. The upside potential could be very large here. I will keep adding as long as this keeps above $30
NASDAQ:CELH
by Jarret
1
Cloudflare (NET) AnalysisCompany Overview: Cloudflare NYSE:NET , a global leader in cybersecurity, content delivery networks (CDN), and edge computing, is well-positioned to capitalize on increasing digital transformation and growing demand for secure, efficient cloud infrastructure. Key Growth Catalysts: Strategic AI Partnerships 🤝 Cloudflare’s collaboration with Microsoft Azure enhances its AI infrastructure, fostering innovation and bolstering its competitive edge in enterprise cloud solutions. Zero Trust Leadership in Cybersecurity 🔐 Cloudflare’s Zero Trust platform addresses growing enterprise needs amid rising cyber threats and increased remote work adoption. Advanced threat intelligence and access controls make it a leader in next-gen cybersecurity solutions. Edge Computing & IoT Opportunities 🌐 Edge computing solutions are experiencing strong adoption, fueled by: Growing demand for 5G networks and the IoT revolution. The edge computing market is projected to reach $87.3 billion by 2026. Cloudflare’s focus on reducing latency and enhancing network efficiency positions it to capture market share. Global Expansion & Untapped Markets 🌍 New data centers in underserved regions expand Cloudflare’s global reach, improving service delivery and unlocking revenue opportunities in untapped markets. Investment Outlook: Bullish Stance: We are bullish on NET above $90.00-$91.00, supported by strong positioning in AI, cybersecurity, and edge computing, coupled with robust global expansion strategies. Upside Target: Our price target is **$145.00-$150.00
NYSE:NETLong
by Richtv_official
ARM Long NASDAQ:ARM currently priced at $148.00 ... with a target of 160 and an extended target of 164 NASDAQ:ARM chart shows a breakout above the upper trend-line... - 9-day EMA line crossed over the 50-day EMA line upwards = bullish sentiment - MACD & RSI are both trending higher and away from their sell line and moving average respectively. = bullish sentiment - the move to the upside will target the big green candle on November 7th which happened to be the last failed breakout or rejection attempt - A capture of $150 price level and move or gap up to $150.65 is the resistance level that needs to be turned to a support level since it is the closing price of the previous rejected candle - if 150.65 holds as a support level, the next price level ARM can trend to is 154.65 and then 157.69 -> 160 -> 161.82 -> 164 - Very high volume on call option contracts expiring tomorrow as well as next week. - ARM 152.50 Call 12/13 - volume 6,056 - open interest 949 ... (OI to open around 3000 to show liquidity/continuation) - ratio ~ 6:1 - ARM 155 Call 12/20 - volume 10,578 - open interest 5,126 ... (OI to open around 7,500 to show liquidity/continuation) - ratio ~ 2:1 - ARM 160 Call 12/20 - volume 12,425 - open interest 7,416 ... (OI to open around 10,000 to show liquidity/continuation) - ratio ~ 1.67:1 Not Financial Advice.
NASDAQ:ARMLong
by Cash_Noir30
Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
GEX Analysis for PLTR-Dec. 13, 2024Current Price: $73.71
 IVR: 61.7
 IVx Average: 73.6
 Options Sentiment: Bullish with 78.3% in Calls. Key Levels: Resistance: * $75.00: Highest Positive NETGEX (Key breakout level). * $76.00: 2nd CALL Wall. * $77.00 - $80.00: Extended resistance zones (watch for potential rejections). Support: * $73.00: 3rd CALL Wall (Key support level for bulls to hold). * $72.00: High Volume Level (HVL) and 1DTE PUT Wall. * $68.00: GEX10 Level, stronger downside support. Sentiment & Projection: * PLTR is showing strong bullish options sentiment. * A breakout above $75.00 could drive prices to $76.00 or higher. * Failure to hold $73.00 could see a pullback toward $72.00, and further bearish momentum may test $68.00. Trading Strategies: Bullish: * Entry Above: $74.00 (Confirmation of breakout). * Target: $75.00, $76.00. * Stop Loss: $73.00. Bearish: * Entry Below: $73.00. * Target: $72.00, $70.00. * Stop Loss: $74.00. Reminder: Always verify IVR and IVx for real-time updates before entering trades. Adjust setups accordingly for the latest market conditions. Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.
NASDAQ:PLTRLong
by BullBearInsights
GEX Analysis for AAPL - December 13, 2024Current Price: $247.05 
IVR: 8.3
IVx Average: 20.2 
Options Sentiment: Moderately bullish with 26.7% in Calls. Key Levels: * HVL (High Volume Level): $245.00 * Support Levels: * First Support: $245.00 (PUT Support) * Second Support: $242.50 (2nd PUT Wall) * Major Support: $240.00 (3rd PUT Wall) * Resistance Levels: * First Resistance: $247.50 (3rd CALL Wall) * Second Resistance: $250.00 (2nd CALL Wall, Highest Positive NETGEX Level) * Extended Resistance: $255.00 (GEX7 Level) Market Sentiment: * AAPL is hovering near a critical volume level at $245.00, showing mixed momentum. A breakout above $247.50 could lead to bullish continuation toward $250.00 or $255.00. * Failure to hold above $245.00 may shift sentiment bearish, targeting $242.50 and possibly $240.00. Actionable Strategy: * Bullish Setup: Long positions above $247.50, targeting $250.00, with a stop loss at $246.50. * Bearish Setup: Short positions below $245.00, targeting $242.50, with a stop loss at $246.00. Reminder: Always verify updated IVR and IVx metrics for live market conditions before entering trades. These provide critical real-time insights. Disclaimer: This analysis is for educational purposes only. Please perform your own research before trading.
NASDAQ:AAPL
by BullBearInsights
GEX Analysis for TSLA - Dec. 13, 2024Current Price: $419.85 
IVR: 71.7
IVx Average: 67.5
Options Sentiment: Strong bullish sentiment with 83.8% in Calls. Key Levels: * HVL (High Volume Level): $380.00 * Support Levels: * First Support: $407.50 (PUT Support) * Second Support: $400.00 (GEX9 Level) * Third Support: $390.00 (3rd CALL Wall) * Resistance Levels: * First Resistance: $420.00 (Highest Positive NETGEX Level) * Second Resistance: $425.00 (2nd CALL Wall) * Major Resistance: $435.00 (GEX10 Level) Market Sentiment: * TSLA shows strong bullish momentum as indicated by the dominance of Calls (83.8%). A breakout above $420.00 could pave the way to $425.00 and potentially $435.00. * A breakdown below $407.50 might shift sentiment toward bearish targets at $400.00 or $390.00. Actionable Strategy: * Bullish Setup: Go long above $420.00, targeting $425.00, with a stop loss at $418.00. * Bearish Setup: Consider short positions below $407.50, targeting $400.00, with a stop loss at $409.50. Reminder: Always monitor updated IVR and IVx metrics for live market conditions before entering trades. These provide critical insights to refine your strategy. Disclaimer: This analysis is for educational purposes only. Always conduct your own research before trading.
NASDAQ:TSLA
by BullBearInsights
GEX Analysis for MSFT on Dec. 13, 2024Current Price: $447.90
IVR: 7.8
IVx Average: 19.8 
Options Sentiment: Neutral to slightly bullish with 31.7% in Calls. Key Levels: * HVL (High Volume Level): $445.00 * Support Levels: * First Support: $445.00 (GEX9 Level and HVL) * Second Support: $440.00 (PUT Support) * Third Support: $437.50 (2nd PUT Wall) * Resistance Levels: * First Resistance: $450.00 (Highest Positive NETGEX Level) * Second Resistance: $452.50 (3rd CALL Wall) * Major Resistance: $457.50 (GEX8 Level) Market Sentiment: * The highest positive NETGEX is at $450.00, indicating a key resistance level. Breaking above this could propel MSFT toward $452.50 or higher. * Below $445.00, bearish sentiment might strengthen, targeting $440.00 and $437.50. Actionable Strategy: * Bullish Setup: Long positions above $450.00, targeting $452.50, with a stop loss at $447.50. * Bearish Setup: Short positions below $445.00, targeting $440.00, with a stop loss at $446.50. Reminder: Always monitor updated IVR and IVx metrics for real-time conditions before entering any trade. These metrics provide critical insights for decision-making. Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.
NASDAQ:MSFT
by BullBearInsights
GEX Analysis for GOOGL for Dec. 13, 2024Current Price: $191.60
IVR: 22.2
IVx Average: 30.8
Options Sentiment: Bullish with 35.8% in Calls. Key Levels: * HVL (High Volume Level): $167.50 * Support Levels: * First Support: $187.50 (2nd CALL Wall) * Second Support: $185.00 (GEX9 Level) * Resistance Levels: * First Resistance: $192.50 (GEX8 Level) * Second Resistance: $197.50 (3rd CALL Wall) * Major Resistance: $200.00 (CALL Resistance) Market Sentiment: * The highest positive NETGEX resides at $192.50, making it a critical pivot point. If the price sustains above this level, the bullish momentum could continue towards the next target at $197.50. * Conversely, if the price breaks below $187.50, bearish pressure might dominate, targeting the $185.00 zone. Actionable Strategy: * Bullish Setup: Consider long positions above $192.50, targeting $197.50, with a stop loss at $190.50. * Bearish Setup: Below $187.50, consider short positions targeting $185.00, with a stop loss at $189.00. Reminder: Always monitor updated IVR and IVx for real-time accuracy before entering any trade. These metrics play a vital role in refining the decision-making process. Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.
NASDAQ:GOOGLLong
by BullBearInsights
2