CVS has had a major sell off due to the pharmaceutical incidents that have occured in the recent days. But the mean reversion is possible the greatest scenario today. CVS is holding its most major demand zone in the last years. It has finally reached it again. I am going to buy CVS here at $51 per share and sell shares 60 75 80. My stops are under the break of structure off our major demand zone + extra dollars to prevent a liquidity grab. Stops are at $41. The point of the stock market is buying at a discount and selling as your shares increase. Boom shakala Boom! This is not financial advice, take a grain of salt. Past performance does not indicate future results, alright dont forget!
As discussed throughout my Thursday's session commentary: "My position: I have new Buy order engaged with #2,667.80 entry point / optimal Target remains #2,682.80 Resistance in extension. If #2,682.80 gives away and market closes above, #2,700.80 benchmark will represent Target to monitor." I have engaged first Buying order on #2,667.80 and closed on #2,682.80 Resistance. Second Buying order I have engaged on #2,683.80 and closed on #2,697.80 deliver excellent Profit. And on #2,700.80 benchmark break aftermath (and CPI results), I have engaged final Buying order on #2,702.80 and closed on #2,718.80 which delivered spectacular results as I am currently without any orders. I will use this chance to congratulate Traders who followed my calls and had patience to re-Buy every High's, well done! Technical / Fundamental analysis: Gold has gone into Intra-day Buying rally and having been slightly disconnected on it’s Technical background correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north and invalidated Selling potential once Symmetrical Triangle got invalidated to the upside. Sellers have once again underestimated the Bullish Fundamental potential of reversal of the recent Selling leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts and Middle East escalations, and the probability of doing so is High as December is projected to be Bullish Month for Gold even though December is Bull Month for DX as well. If by some / certain intervention DX start trending downwards, uptrend on Gold will be stalled most likely but for now Buying benchmark is #2,727.80 and should probably be next Gold’s most viable Target if DX don't deliver new full bodied green candle. My position: I am currently on sidelines, waiting new signal to Trade Gold however the Trade remains "Buy the dip" and I do not believe that there will be any meaningful correction on Gold, at least for current session.
GBPAUD is testing the support of the previous Oct 30 pivot high with sharper down moves occurring which could indicate a topping out of the previous move. Whether the pivot level becomes support or resistance will likely be revealed soon. GBP news is approaching so may act as a trigger for a large move if the market doesn't preempt it's direction beforehand.
Hello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
If support holds, the probability of reaching above 280,000 is high.
Ethena is this cycles LUNA (before it blew up). TVL and overalls upport for the protocol increasing steadily. Cup and handle breakout, don't fade the trend.
I think gold is go more down because yesterday gold go up and today morning it go up and Now I think it go down because 272% is resistance level in M30/M15 Frame. Now I want to Take short/sell order From 2715 ?My sl is 2721 (-60pips) ✅My tp is 2700 (+150pips) ⭕Trade with your own risk% From = Sam Brown
Hello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
Tesla (TSLA) Shares Surge to a New All-Time High The chart for Tesla (TSLA) shares reveals: → At the beginning of December, the price was around $350; → Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021. The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and Donald Trump. Since the 5 November election, Tesla shares have broken through a key resistance level near $265, rising approximately 69% and adding around $555 billion to the company’s market value. Additional positive factors include: → Investor expectations that Tesla’s planned affordable new model could become a bestseller in 2025; → The company’s plans to launch self-driving taxis and other innovations. Can the Bullish Momentum Persist? According to Barron’s, Tesla shares might be overvalued from a fundamental perspective. Currently, TSLA trades at roughly 125 times the expected earnings for 2025, a ratio reminiscent of the previous peak when the stock dropped by about 50% in 2022. https://www.tradingview.com/x/7BOqlszH/ Technical Analysis of Tesla (TSLA) Shares → The November consolidation around $350 (marked by a thick blue line) may indicate the median of the long-term upward channel (shaded blue). → Throughout 2024, the lower boundary of this blue channel has provided strong support. In the most optimistic scenario, TSLA shares could rise toward the channel’s upper boundary near the psychological $500 level. → The RSI indicator is above 80, suggesting the price is vulnerable to a pullback, as observed earlier this year. In this scenario, a test of the $400 psychological level cannot be ruled out. 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.
Reliance is one of India's premier companies with a market cap currently at Rs.1710830.2 Crores. After the stock split the stock lost momentum and had been falling drastically. Right now it is belo Mother and Father line on daily charts. With profitability and EPS set to increase from 2025 onwards as per the last Speech of Mr.Mukesh Ambani Reliance still can to be ruled out as a long term pick and a portfolio stock. Technically the stock is weak but as it is a Long term investment idea and Portfolio stock the levels at which it is trading are looking mouth-watering. Tracking quantity entry or X/3 entry levels are mentioned below for the stock. There is a news today of Reliance entering a long term contract with Russia worth 13B a year at current prices. Along with this news Reliance is trading at a price of 1263. The near by support zones are at 1241 and 1218. Long term support is near the zone of 1150 to 1043. X/3 entry for educational purpose of tracking quantity of Reliance can be taken at current levels or if it falls further to 1241 or 1218 levels and bounces from there. (Entry on bounce not while it is falling). The second entry can be taken on bounce after closing above 1328. Final entry after closing above 1387 levels. Long term targets for Reliance will be 1442, 1530 and 1600+ levels. Stop loss can be maintained at a monthly closing below 1043 (It is very unlikely if it goes there). Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.