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Salesforce CRM - PEAD (Post Earnings Announcement Drift)Salesforce CRM PEAD (Post Earnings Announcement Drift) This is a swing trading strategy. You buy on a positive surprise in the quarterly or annual report. It has been shown that this surprise impacts the stock price for some time. This refers to Brandt and Kishore from the Fuqua School of Business at Duke University in the USA. Points in the algorithm I follow: 03.12.2024: Q3 after market open. The first trading day where Q3 results are known should see the price rise by more than 4.15%. 04.12.2024: 367.87$ - 331.43$ = 36.44$, which corresponds to 10.99%. Buy on the 4th trading day, Monday 09.12.2024, and hold for 83 trading days until Wednesday 09.04.2025. For the relevant index, the MA (Moving Average) should be above 87 at the time of trade. You can choose what suits you best, but: Nasdaq index > MA 87 NYSE > MA 87 S&P > MA 87 The trade is only made when the general stock market is positive. You can supplement with technical and/or fundamental analysis: CRM is in an upward trend and well above a green cloud in Ichimoku. Buy at market open Monday 09.12.2024 at the price of 360$. I could have bought at a better price later in the day, but the idea is not to spend the whole day in front of the computer, and to execute the trade. However, this can be adjusted to fit personal preferences. Set stop loss at 324$, which corresponds to 10%. The strategy works best with large, liquid companies, value stocks, and smaller with growth companies. But for me, it has also worked on the latter. I have tested the strategy a bit over the first half of 2024 with up to 5-6 companies at a time from NYSE. I’ve made a gain of 50% of the invested capital. But the strategy doesn’t generate profits every time! Remember, you must do your own research and evaluation before buying or selling.
NYSE:CRM
by scorpiris
Stock Of The Day / 12.16.24 / AVGO12.16.2024 / NASDAQ:AVGO Fundamentals. Second day of growth on the back of a positive earnings report. Technical analysis. Daily chart: Exit upwards from a six-month accumulation. Premarket: Gap Up on increased volume. Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement. Trading scenario: pullback along the trend (false breakout with retest) of level 240.00 Entry: 241.10 on impulse up after holding the level at 19:30 Stop: 239.44 we hide it behind the previous higher low Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high. Risk Rewards: 1/4
NASDAQ:AVGOLong
by AlexX31
Vardhman Textiles: On the Verge of a Major Breakout! Vardhman Textiles: On the Verge of a Major Breakout! Current Market Price: ₹554 Stop Loss: ₹420 Targets: ₹902 | ₹942 Key Highlights: 3-Year Rounding Bottom Formation: Vardhman Textiles is nearing a significant breakout level of ₹576, completing a large 3-year rounding bottom pattern. Breakout Depth Target: Depth of the rounding bottom is ₹332. Adding this to the breakout point (₹576) gives a target of ₹902. Fibonacci Extension Target: Aligns at ₹942, strengthening the potential for extended upside. Key Levels: Sustained movement above ₹576 will confirm the breakout and signal a major upward move. Strategy: Preemptive Entry: Start building positions gradually to capture early gains. Wait for Confirmation: Larger positions should be added after a decisive breakout above ₹576. Risk Management: Maintain a strict stop loss at ₹420 to protect against downside risk. 📈 Outlook: Vardhman Textiles is showing robust potential for a breakout, with long-term chart patterns and Fibonacci levels aligning to support the bullish view. If confirmed, this move could result in a substantial rally toward ₹900+ levels. 📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #VardhmanTextiles #TechnicalAnalysis #BreakoutTrade #RoundingBottom #StockMarket #InvestmentOpportunities #TradingIdeas
NSE:VTLLong
by satyam15
BERGEPAINT : Going LongThe current net holding is approximately 1.875% of the net capital. I plan to increase the holding to 2.5% once the price reaches the channel's lower trendline. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:BERGEPAINTLong
by Sniper-Traders
Lucid group: Minor Peak Breached, Eyes on $3.50 Lucid Group rebounded after forming a higher minor low at $2.27, signaling initial strength. The price successfully closed at the recent minor peak of $2.73. A confirmed breakout above $2.73 could shift the trend to an uptrend in the short-term, with potential upside targets lie around $2.90, $3.20, $3.37, and $3.50. The stop-loss lies below 2.27$. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NASDAQ:LCIDLong
by Gehad_Abouelela
PANI - LOW CHEATPosition Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. The stock offers a low cheat, a creative entry. 3. The stock moves so rapidly in the last couple months. 4. A 30% pullback from its all-time high indicates a normal profit-taking phase within the context of a broader uptrend. 5. High relative strength, outperforming the general market. 5. The stock is moving on its own universe and marching to its own drummer. 6. Volume diminishes during pauses, indicating less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume, reflecting strong buying interest. Consideration : The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This creates a "hard penny" environment, where gains are harder to secure and require precision. This is a creative early buy in anticipation of a possible cup-with-handle formation. The current setup presents an opportunity to establish a position at a low-risk entry while awaiting the potential development of a handle in the coming weeks.
IDX:PANILong
by rifqonr
INDIAN CARD CLOTHINGIndian Card Clothing Company Ltd. (ICC) was incorporated on June 24.1955 as a private limited company and was converted into a public limited company on March 27, 1975. The company was promoted by The English Card Clothing Co. Ltd. England and Carclo Engineering Group Ltd. and the entire share capital was held by them in the proportion of 77.5% and 22.5% respectively till the offer for sale by them to the Indian public during September 1978. The company is engaged in the manufacturing and marketing of card clothing. It manufactures wide range of wires, tops, flexible card clothing, cotton card clothing and woolen card clothing.
NSE:INDIANCARDLong
by Tradernawab