Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies. The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape? Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its...
A long NYSE:NIO Idea driven by intuition but needs some patience - Share your ideas with me! Cheers!
NVDA earnings stats based on the last 10 earnings days close to following day close. 11/17/21 293 - 317 + 24 = + 8% 2/16/22 265 - 245 - 20 = - 9% 5/25/22 170 - 179 + 9 = + 5% 8/24/22 172 - 179 + 7 = + 4% 11/16/22 159 - 157 - 2 = - 1% 2/22/23 208 - 237 + 29 = + 14% 5/24/23 305 - 380 + 75 = + 25% 8/23/23 471 - 472 + 1 = na % 11/21/23 499 - 487 - 12 = -...
TAP appears to to have fallen into support on a good earnigns beat Perhaps traders were expecting a better beat. It is now 15% below the resistance zone where shorts will take positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is free of the controversies that had bogged BUD down. I see this as an opportunity to get...
RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the...
Much of the Consumer Defensive industry and most Discount Stores have been in decline due to rising inflation. Many stores are struggling with lower revenues due to higher costs and their customers being more frugal during rising inflation periods. NASDAQ:COST is an exception with its massive strategy to buy food and common consumer necessities directly from...
It's a rare occasion when fundamentals and technicals align, and we might just have a compelling case here. Carvana stands out as one of the most heavily shorted stocks in the market. The company has been in the red for quite some time, and this quarter was no exception, with a loss of $1 per share, falling short of analysts' expectations on both EPS and revenue...
MSFT is one of the few tech stocks which trades close to all-time highs, seemingly oblivious to the brutal valuation reset that swept through the sector In the most recent quarter, MSFT delivered strong results when factoring in the tough macro environment. MSFT grew revenues by 7% (10% constant currency) and earnings per share by 10% (14% constant currency) -...
Seeing lots of double/triple tops on multiple timeframes. Way overbought but that's never an entry thesis. Just love the contrarian risk reward to the downside here with a hard stop at $975. Quick trade one way or the other and my love for NVDA does not constitute a trade per rules.
Good entry here. Long term addition or swing trade. Added VZ long position
This year has been remarkable for Nvidia (NASDAQ: NVDA) investors, with the company's shares surging more than 91%. The stock's momentum might receive a further boost when Nvidia announces its first-quarter fiscal 2025 earnings on Wednesday, May 22. Nvidia is set to release its quarterly report amid favorable trends in the artificial intelligence (AI)...
Not financial advice. NYSE:TGT on a downtrend channel. four attempts trying to fill the gap above in the $190"s and it fail to do so, also another gap below around $112 bulls need to step in if they want to flip the scenario. Like and subscribe for more ideas. Thanks.
NYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy...
NASDAQ:CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone. The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a...
BMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and...
NASDAQ:LNTH has been exhibiting tame behaviour now that the uncertain period during down trend has caused unnerving traders to buy and sell. It has reversed with strong earnings recently and now is on the uptrend forming the 2nd #Goldencross. I am selling my house so to speak to go all in. LOL.
Reasons for bullish bias: - Entry at accumulation phase breakout - Bullish Harmonic XABCD pattern on weekly - Strong weekly Bullish divergence - Price broke strong downtrend trendline - Strong bullish weekly candles at support - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 28.91 Stop Loss Level: 24.65 Take Profit Level 1:...
NASDAQ:SMCI is an A+ setup I entered into this morning. These are the kind of setups I need to sit on my hands more often and wait for. Stop taking stabs at lower quality stuff. Reports great earnings. Gets tight then boom breakout on rVOL. I noticed the delayed earnings reaction this morning. The rVOL was outpacing the market and the relative strength it...