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UnitedHealth: Last hurdle 🚧Although UnitedHealth shares were able to establish the low of the turquoise wave 4 and rise steadily, they have not yet made it above the resistance level of $546.78. However, we expect this to happen next, leading to the high of the larger wave (A) in dark green. Short-term, we therefore expect further bullish potential, but after the top of this (A) wave, the trend should be clearly downwards again. In addition, there is a 35% probability for our alternative scenario, in which the alternative top of the old wave (A) would have already been deposited.
NYSE:UNHLong
by MarketIntel
Potential Inverted Head & Shoulders - GMEHere I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction! www.tradingview.com The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the creation of the "Head". Now what I expect for GME is for price to come down for the creation of the "Right Shoulder" with Pattern Invalidation at 12.90! -Pattern Prediction- *If price Breaks Down and Closes Below 12.90, pattern INVALIDATED! *If price Breaks Up and Closes Above 14.30, price action initiates my Trade Action Plan!
NYSE:GMELong
by Novi_Fibonacci
4
A new wave up beginning in CAT World's largest manufacturer of construction equipment - Caterpillar(CAT), is all set to make a leap upwards of 30+% in the first half of 2024. The stock of this company has been constantly making new ATH's and displays neat waves everywhere. The move being discussed and anticipated shall be 1-2-i-ii-iii, Meaning the wave iii of 3.(you can imagine it as a smaller third wave inside of a bigger third wave. The projected target zone for the anticipated wave is placed at 325-350$ zone. A look at the support/resistance zones also shows the stock attempting to reverse off a major S/R zone. The construction and manufacturing sectors have slowing started picking up and the US economy is better off than it was in 2022 and 2023. It is therefore expected of these sectors to do better in 2024 than they did in 2023 and increase their operations and output. This in turn should point towards a good business year for CAT since manufacturing, construction and mining sectors form its major customer base. Note*- This chart is based on personal observations/opinions. Please be cautious while making any financial decisions.
NYSE:CATLong
by neeraj_2_sharma
FORD MOTOR CO (F) 1M NYSE:F FORD MOTOR CO (F) 1M ### Current Situation: - **Stock Price:** $9.84 - **Moving Averages:** Below the 50-day, 100-day, and 200-day Moving Averages (MA) - **Volume:** 508 million - **Relative Strength Index (RSI):** Between 50.00 and 40.00 - **Moving Average Convergence Divergence (MACD):** Signals below the histogram ### Analysis: 1. **Price and Moving Averages:** - The stock trading below the 50-day, 100-day, and 200-day MAs typically indicates a bearish trend. - This positioning suggests a lack of upward momentum and possibly a bearish sentiment among investors. - These MAs might act as resistance levels if the stock tries to move upwards. 2. **Volume:** - A high trading volume of 508 million can indicate strong interest in the stock. However, the interpretation depends on the price movement context. High volume with a price decline can signal strong selling pressure. 3. **Relative Strength Index (RSI):** - An RSI between 50 and 40 is often considered a neutral zone. However, trending towards 40 can indicate that the stock is approaching the oversold territory, which sometimes precedes a potential upward reversal. - It's important to watch for whether the RSI crosses below 40, as it could reinforce the bearish trend. 4. **Moving Average Convergence Divergence (MACD):** - MACD signals being below the histogram, especially if the MACD line is trending downwards, suggests bearish momentum. - This might indicate that the downward trend is strong and could continue in the short term. ### Implications and Potential Strategies: - **Short-Term Traders:** - There might be opportunities for short-selling, given the bearish indicators. - Watch for any bullish signals or a reversal pattern as an entry point for buy positions. - **Long-Term Investors:** - It's essential to consider fundamental factors alongside these technical indicators. - If the fundamentals are strong, this bearish trend could present a buying opportunity. However, caution is advised until there are signs of trend reversal. - **Risk Management:** - Given the bearish indicators, risk management is crucial. Setting stop-loss orders can help mitigate potential losses. ### Conclusion: The technical analysis suggests a bearish trend for Ford Motors stock in the short term, with several indicators pointing to downward momentum. It's crucial for investors to monitor upcoming price movements and news that might affect the stock. Also, integrating this technical analysis with a fundamental analysis of Ford Motors and the broader market conditions is essential for a well-rounded investment decision. Remember, investing in the stock market involves risks, and this analysis does not constitute financial advice. It's always advisable to consult with a financial advisor before making investment decisions.
NYSE:FLong
by rodulfox
Mickey Mouse is UPSIDE-DOWN!Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders! The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the Low that did not surpass the Low of the "Head", I suspect price will make a trip back up to test the "Neckline" one more time before possibly giving us a Bullish Break to go higher!! As added confirmation, My DSR is flattening and and the second "Shoulder" was terminated by my Fib'd Kill Zone giving this a high chance of reversing! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- *If price Breaks and Closes below 79.23, pattern is INVALIDATED *If price Breaks and Closes above 86.28, price action will initiate my Trade Action Plan!
NYSE:DISLong
by Novi_Fibonacci
2
Travelers: On an excursion 🗺️ 🚎The Travelers stock could once again honor its name and undertake a volatile journey. We now locate the stock in the magenta wave (y), which should undercut the support at $157.33 and then bring the superior wave (4) in green to its end. It should be noted that it is also 39% likely that the stock has already established the low of the larger correction with wave alt.(4) and will next break out directly above resistance at $173.47. Following the deposited wave (4) low - whether by primary or alternative means - we expect significant price gains
NYSE:TRV
by MarketIntel
3M's net profit is up. What about its shares? 25/10/2023Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US average. Therefore, it will be interesting to look at the 3M Co. (NYSE: MMM) stock chart today. On the D1 timeframe, support has formed at 85.35, with resistance at 90.30. These levels are determined based on the price's highs and lows during the resulting downward trend. In addition, a "double bottom" trend change pattern has been formed. If the resistance level is broken through (the bar on D1 closes above 90.30), the stock price may rise to 108.37. On the H1 timeframe, after resistance at 90.30 is broken through, the short-term target for the price increase is around 98.09; while in the medium term, it could reach 108.37. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:MMM
by RoboMarkets