Hello trader's Here is your bitcoin level for buying and selling zone in between these zone market is always makes good move for intraday trader's.
Recent Performance: Tesla has recently showcased robust market activity, achieving approximately 5.34% gains and contributing about 11% to the NASDAQ index over the past week. This indicates strong investor interest and sustained bullish momentum. The upcoming quarter is expected to be a key period for Tesla, where market expectations around growth and sustainable practices will come under scrutiny. - Key Insights: Analysts maintain a positive outlook on Tesla, with expectations driven by advancements in artificial intelligence and robotics. The consensus is that Tesla’s innovative business model positions it favorably for growth beyond electric vehicles. Anticipated regulatory changes and the rollout of robotic taxi services by 2025 are additional factors likely to enhance Tesla's market value. - Expert Analysis: Market sentiment around TSLA is overwhelmingly bullish, with analysts projecting high growth potential as Tesla diversifies into AI and renewable energy. Anticipated delivery figures for Q3 are set to be a significant catalyst, with many expecting an increase not seen since 2022. Upcoming events, including Robo Taxi day, are expected to showcase Tesla’s advancements in autonomous technology, further bolstering investor confidence. - Price Targets: Based on professional traders' insights, the next week price targets for TSLA are as follows: - Next week targets: T1 at $410, T2 at $425 - Stop levels: S1 at $365, S2 at $360 - News Impact: Key upcoming events that could significantly influence TSLA's stock performance include the announcement of the Q3 delivery numbers on October 2nd, paired with Robo Taxi day on October 10th. Positive delivery numbers could enhance investor optimism, while advancements in self-driving technology are likely to draw considerable attention, potentially pushing TSLA to new highs amid prevalent bullish sentiment.
The Booking stock remains in a strong, ultra-long-term uptrend. Since reaching the correction low of the green wave in August, the stock has rallied by over 65%. We primarily place it in the larger blue wave (I) and anticipate further gains soon. However, according to our alternative scenario, a premature break of the $4,275 support level has a 37% probability.
Recent Performance: SMCI has shown impressive recovery patterns since early November, indicating an upward momentum that signals renewed investor interest. The stock trades at a current price of 43.93, reflecting a constructive market environment and potential for continued growth. - Key Insights: Investors should focus on identified liquidity zones between $23 and $33, which are crucial for buying and selling decisions. The establishment of support levels offers safe entry points, while resistance levels provide profit-taking opportunities. - Expert Analysis: Analyst opinions are overwhelmingly bullish on SMCI, with many suggesting that the stock has potential for upward movement based on technical indicators and prevailing market conditions. However, it is advisable for investors to remain vigilant in tracking price fluctuations that may impact their positions. - Price Targets: Based on current analysis, the proposed targets are: - Next week targets: T1 = 47.5, T2 = 50.0 - Stop levels: S1 = 41.8, S2 = 39.78 - News Impact: While no significant corporate news or announcements have emerged to directly impact SMCI, the overall market sentiment remains positive. This indicates that current price trends may continue, bolstered by investor confidence in the stock's performance. In conclusion, SMCI's favorable market activity paired with robust analyst sentiment creates a positive outlook for the upcoming week. Investors are encouraged to watch price dynamics closely and adapt their strategies as necessary amidst this encouraging landscape.
Oil fell 1.7% on Friday to close at 2 week lows of 67.21, as traders digested OPEC+’s decision from the day before, to postpone planned production increases from January to April 2025. While this OPEC+ move was widely seen as a positive attempt to address the current expected Oil surplus moving into next year, it seems the initial assessment was that it’s probably unlikely to go far enough to absorb extra production from the Americas and a slowdown in Chinese demand in the short term. So, could this negative sentiment continue to weigh on Oil? It’s a big week ahead, with the Bank of Canada (BoC), Swiss National Bank (SNB), and European Central Bank (ECB) all expected to cut interest rates between 25bps (0.25%) and 50bps (0.5%), which may provide a boost to Oil prices from Friday’s closing levels. However, any potential impact remains uncertain and will depend on broader market conditions and other economic factors. Also, tomorrow China reports its trade data from November at 0300 GMT, which will provide an update on global and domestic demand. Then on Wednesday, top Chinese leaders will attend their annual Central Economic Work Conference, where they are expected to discuss the country’s growth target for 2025, alongside new stimulus measures to help hit that number. While this is a closed door event, any headlines outlining what was discussed could have a positive or negative impact on Oil prices later in the week. On the technical front the charts also look interesting. Since the 65.63 low in Oil on September 10th 2024, a period of choppy sideways activity has developed, as buyers and sellers have matched one another. This has been reflected by a converging triangle pattern, the extremes of which to start the week outline the 67.08 level as possible support, and the 69.46 level as potential resistance. The converging trendlines on the chart above, suggest that while buyers have appeared at a slightly higher level each time, the steeper slope of the downtrend connecting recent highs, indicates it takes less of a rally in price for sellers to appear once more. This selling pressure following Wednesday’s test of the downtrend on the chart above, saw last week end with fresh tests of the 67.08 trendline support, which is now the focus this week. How this level is defended on a daily closing basis, may offer clues to future directional moves. Of course, there is no indication when or if a breakout from this pattern will materialise and no guarantee that if one is seen, it will result in a sustained move. However, closes below 67.08 may see more extended weakness, but that is very much dependent on future price trends. If a confirmed break lower does materialise, the risks could be to test what might prove next support marked by the 65.63 September 12th low, possibly even towards 63.68, the May 2023 extreme. We stress breaks of support haven’t yet materialised, and while this holds, its possible strength can be seen once more to challenge the 69.46 downtrend resistance level. If activity is to turn towards possibilities of a more extended recovery, closes above this 69.46 level are required, which may in turn lead to tests of what could be resistance marked by the 71.57 November 25th session high. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Recent Performance: SoFi Technologies Inc. (SOFI) has recently demonstrated strong bullish momentum, benefiting from the overall rally in the technology sector. The stock has exhibited notable volatility but has closed positively, indicating a buoyancy in investor interest. This surge aligns SOFI with other tech giants like Palantir and Tesla, both of which have shown significant upward pressure. - Key Insights: Investors should stay vigilant regarding critical resistance and support levels. SOFI's current resistance is at $16.10, and a breakout above this could pave the way towards a higher target at $16.60. Conversely, monitoring the support level around $15.00 is essential; should SOFI remain above this level, it may maintain its bullish trend despite broader market fluctuations. - Expert Analysis: The sentiment among industry experts leans positively towards SOFI, especially if it manages to break through the $16.10 resistance. Some concerns arise from the recent insider selling activity; a director sold 24 million shares, which, while potentially indicative of confidence issues, has been partially offset by the positive trends in the tech sector. Overall, the bullish nature of the market combined with SOFI's fundamentals suggests a optimistic outlook. - Price Targets: Targets for the upcoming week are as follows: - Next week targets: T1 = $16.60, T2 = $17.00 - Stop levels: S1 = $15.75, S2 = $15.00 - News Impact: The trading atmosphere for SOFI is influenced by recent high interest in technology stocks. While the insider selling of shares may slightly dampen enthusiasm, the overall recovery of the tech sector provides a backdrop for potential upward movement. Noteworthy market trends and recovery patterns among peers further enhance the possibility of positive price actions for SOFI. Investors should keep a close watch on SOFI's interaction with these key price levels and broader market cues to strategically position themselves for potential gains.
At this moment we're almost at an important trendline. A trendline connected from the 1929 high and the 2000 high. Something to consider!!! Will we cross that trendline? Are we Topping out? Everybody is Bullish, Almost all the bears trew the towel into the ring. Nothing can happen, everything is positive, only up up up. I think it's almost time to think like a contrarian! So vice versa;-). Time will tell but this chart is pretty clear to me but provides no certainty.
Recent Performance: Intel Corporation has seen a dramatic decline of over 60% in stock price this year following a robust 90% increase in 2023. The company's challenges are marked by leadership upheaval, particularly the resignation of CEO Pat Gelsinger, and operational hurdles that have left it the worst-performing chip stock in 2024. With significant competition from AMD and a shifting focus towards AI technologies, investor confidence is shaky. - Key Insights: Investors should be cautious and consider reallocating their funds, especially as Intel's leadership change raises uncertainty regarding future direction. The ongoing suspension of dividends and a $10 billion cost-cutting initiative signal financial distress, suggesting immediate red flags. Monitoring the stock within key price ranges will be crucial for navigating positions in the short term. - Expert Analysis: Analysts express skepticism about Intel’s future, particularly due to the need for new leadership capable of stabilizing the company's vision. Market sentiment is currently negative, with many strategists favoring alternative tech investments, such as Google, that offer better risk-reward profiles relative to Intel's current instability. - Price Targets: Based on present market conditions, next week targets for INTC are set as follows: - T1: 19.50 - T2: 21.00 - Stop levels to watch: - S1: 17.50 - S2: 16.50 - News Impact: The abrupt departure of CEO Pat Gelsinger is a critical event impacting investor sentiment and the strategic outlook for Intel. The company’s suspension of dividends and aggressive cost-reduction strategies, including layoffs, further highlight operational challenges ahead. Investors are keenly awaiting the appointment of a new CEO, whose vision could profoundly affect the future trajectory of the stock.
Recent Performance: NIKE has seen fluctuating market activity, reflecting pressures in the consumer discretionary sector. Currently priced at 78.89, the stock is under significant scrutiny as it approaches its earnings report scheduled for December 19. Investor sentiment is cautiously optimistic, with indications that the stock may be oversold and poised for a potential reversal. - Key Insights: The upcoming earnings report is a pivotal event for NIKE, with analysts highlighting its importance for future stock performance. The formation of a potential inverse head and shoulders pattern is generating a bullish sentiment among some investors, suggesting significant upside potential. Key support and resistance levels provide crucial insight for trading decisions, making it a critical period for NIKE. - Expert Analysis: Expert opinions on NIKE are mixed but lean towards a positive outlook, emphasizing the stock's significant potential for a breakout due to its current oversold status. The comparison to McDonald's market behavior underlines the possibility of substantial movements following the earnings report. As such, investor sentiment may dictate NIKE's trajectory in the near term, particularly surrounding the earnings announcement. - Price Targets: - Next week targets: T1=84.00, T2=90.00 - Stop levels: S1=76.00, S2=74.00 - News Impact: The upcoming earnings report is heightening scrutiny on NIKE, with market participants eager to see how the company will navigate challenges in a competitive environment. Consumer spending trends will play a crucial role in shaping investor sentiment, and stakeholders should be prepared for potential volatility based on the report's outcomes.
Previously our DOGE trade hit full TPs which is also attached below. Now again we will Long in marked Demand zone which is below sell side liquidity. It can be a another sniper entry for us in DOGEUsdt.