NuScale Power (SMR) - Cup and Handle Breakout, Target $25 - $40
Overview: NuScale Power Corporation (NYSE: SMR) is showing a bullish Cup and Handle pattern, a classic setup that often precedes a significant upward move. The cup has formed over the past few months, and the stock is currently in the handle formation, signaling a potential breakout. Technical Setup: Pattern: Cup and Handle Breakout Level: ~$20.31 (current resistance area) Target Zone: $25.37, $33.65, and $40.57 (potential targets based on previous resistance levels and measured move) Handle Formation: The current consolidation in a descending channel within the handle adds to the potential breakout strength. Price Action: A breakout above the $20.31 level would confirm the cup and handle pattern, with the first target around $25.37 and higher targets up to $40.57. The price could continue to consolidate within the handle for the next couple of weeks before making a decisive move, making now a good time to watch for a breakout. Risk Management: A drop below the $18 level would negate the setup, suggesting further consolidation or a potential reversal. Catalysts: Watch for upcoming earnings and other news that could act as a catalyst for the breakout.
Read More
Bitcoin price today: drops below $94k on strong dollar, fading post-election boost
-- Bitcoin continued to lose ground on Monday after climbing to a high of over $108,000 nearly two weeks ago. The world’s largest cryptocurrency fell 1.6% to...
Read More
$GME The Storm TM Pattern
I think GameStop's stock is about to break out of this consolidation pattern. I'm seeing an ascending wedge, indicating that accumulation is taking place, and I expect a markup phase to begin this week. Raid time in 4 minutes.
Read More
Bitcoin (BTC) Movements Are Irrelevant: Here's Why, XRP Shows Surprising Results, Dogecoin (DOGE) Between Two Flames
U.Today - Because of the lack of movement in Bitcoin over the last few days, traders who are bullish or bearish have little to work with. The price of the cryptocurrency has mostly...
Read More
Short Term Trading Strategy (LONG)
its buying opportunity as we are very close to the big demand zone which rejected the price previously but look at the chart and watch the levels that I have mentioned
Read More
$BA Analysis and Prediction for Boeing Company
Chart Overview: Instrument: Boeing Company (BA) Timeframe: Daily Chart Indicators and Features: Dark Pool Levels: Key levels at 183.30, 180.79, and 169.48. Trendlines: Red trendlines indicate resistance and support zones. Green trendline shows the long-term ascending support. Moving Averages: Likely 8 EMA, 21 EMA, and 50 EMA to confirm trend direction. Volume: Not visible but implied for confirmation at breakouts or reversals. Key Observations: Current Price Action: BA is trading near a dark pool resistance level at $183.30, which has shown historical relevance for reversals or slowdowns. The price has been in a consistent uptrend, supported by the ascending green trendline and staying above key moving averages. Resistance Levels: $183.30: Immediate dark pool resistance and psychological barrier. $186-$188: Potential extension target based on upward momentum, aligning with the upper red trendline. Support Levels: $180.79: Nearest dark pool support level. $176.87: Key support level aligned with the red trendline, acting as a potential bounce zone. $169.48: Strong support and dark pool level, marking the base of the current uptrend. Trendlines and Momentum: The red ascending channel suggests BA is nearing the top of its short-term range. The green ascending trendline reinforces the long-term bullish trend. Trading Scenarios: Scenario 1: Bullish Continuation: If the price breaks and sustains above $183.30, it could trigger further upside momentum. Entry: Go long above $183.30, confirmed with a strong candle close and volume. Profit Targets: Target 1: $186 (upper resistance). Target 2: $188 (potential upper boundary of the red trendline). Stop Loss: Place below $180.79, the nearest support and dark pool level. Scenario 2: Pullback to Support: If the price fails to break above $183.30, it may retrace to lower support levels. Entry: Go long at $176.87, where the price aligns with support from the red trendline. Profit Targets: Target 1: $180.79 (dark pool resistance turned support). Target 2: $183.30 (current resistance level). Stop Loss: Place below $176.00, just under the trendline support. Scenario 3: Bearish Breakdown: If the price breaks below $176.87, it could trigger a deeper correction. Entry: Go short below $176.00 with confirmation. Profit Targets: Target 1: $169.48 (strong dark pool support level). Target 2: $165 (potential psychological level and historical support). Stop Loss: Place above $180.00, invalidating the bearish move. Risk Management: Use a 1:3 risk-to-reward ratio to optimize trade profitability. Adjust position size based on individual risk tolerance. Volume Consideration: Watch for a volume spike at key levels ($183.30 for breakout or $176.87 for pullback). Increased volume validates institutional activity and provides confirmation for the move. Summary: BA is currently in a strong uptrend, testing significant resistance at $183.30. A breakout above this level could lead to further bullish momentum, while a failure may result in a pullback to key supports at $180.79 or $176.87. Traders should monitor volume and price action closely for confirmation at these levels.
Read More
LULU, a stock to watch!
Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons. - The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's. - Margins for the company have all been steady, and remain an industry leader. - Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus) - The stock is seeing a severe correction, on par with its past decade corrections. Above is bullish sentiment on LULU, and can be considered the "bull/base case" Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal. - Weaker forward projections compared to last 5 years. Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth. - Macroeconomic environment. Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing. These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment. Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed. Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point. Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
Read More
$GME - Interesting signals for a while now
Been getting interesting signals on GME for the past couple of months with it deciding it wants to do something, then changing its mind and repating this a few times before it decided to actually act upon it. Luckilly i was able to catch this latest gradual run to $29.5 from $22 thanks to the signal in my data. I decided not to announce this little run so i could actually make money off it without me skewing my own trade by telling you CC selling folk what would happen. I already ruined plenty of runs by telling you guys about em. This time though i'm pretty benevolent and feeling like ruining one more run and so here's the juice: Now i'm seeing a pretty massive signal ahead of GME's earnings. One of the biggest i've seen, maybe the biggest. My take on this which can be a bit wrong is like this: 1) Earnings dumps GME as usual 2) Small period of consolidation 3) Goes up massively and GameStop announces something to ride the wave Wont be giving out more information or charts as to not spoil all the beans. Good luck to both sides. Not gonna be joining this one at least for now.
Read More
Bitcoin Witnesses Abnormal $161 Million Bullish Whale Activity on Binance
U.Today - There's been some unusual activity in the Bitcoin (BTC) market this weekend, as in the last two days a new wallet has withdrawn 2,700 BTC, worth about $256.38 million,...
Read More
Dormant Massive Bitcoin Whale Awakens After 11 Years: Details
U.Today - According to Blockchain data tracker Whale Alert, a dormant Bitcoin address containing 357 BTC, currently valued at nearly $34,070,177, has been activated after 11 years...
Read More
UBS offers a great trading opportunity (+10% returns)
🟢 UBS offers a great trading opportunity (+10% returns) UBS is offering today a 10% returns or more opportunity risking just 2% in the deal. Furthermore, UBS has multiple patterns supporting this. As a bonus point, I will explain how to do this trade RISK-FREE. ✅ What pattern is unfolding in UBS? UBS formed few weeks ago a triangle as a continuation pattern. After the break of the pattern UBS returned a 6% in 1 month . Now we are in a pullback to the previous resistance level of the pattern, which is now a support. Here, we have the chance to buy, use a tight stop loss under the support line of the previous triangle (green) and under the previous minimum done few days ago. 💰 How to trade this chart pattern? Buy near the support green line with a tight stop loss, probably around 2%. You can potentially earn more than 10% if the pullback to the pattern works. If the trade falls under the blue line, we will enter an important bear market in UBS, but if that happen you would have done a SL of 2% and you will be ready to trade a SHORT with a massive and fast return. 🛡️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. - 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% (see the chart) - 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits. The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE. ✴️ ENJOY AND FOLLOW for more 😊
Read More
Bitcoin to Rocket 10,000%? Pantera Capital Founder Says Yes
U.Today - Dan Morehead, the founder and managing director of Pantera Capital, recently shared a bold, to say the least, vision for the future of Bitcoin (BTC). In a world where 300...
Read More
US and Bitcoin Standard, Here's Big Catch, According to CryptoQuant CEO
U.Today - Ki Young Ju, founder and CEO of the CryptoQuant on-chain analytics company, has taken to social media to share his take on the prospects of the U.S. adopting the Bitcoin...
Read More
Cup & Handle in play imo
Needs to hold 30-32 price range in to the new year and then I think we could have a real panty dropper in January. PT 50-60 in January All of this of course assuming we don’t get any more crappy news
Read More