Nestlé Nigeria Plc is a leading food and beverage company in Nigeria, manufacturing and marketing a variety of products under renowned brands such as Maggi, Milo, Nescafé, and Golden Morn. MYX:NESTLE all time high is about 1600 Naira/share Current price: 975 Naira/share - A 40% discount from all time high. In the past, after #nestle price action broke out its falling wedge, it made over a 100% move upwards. IF HISTORY REPEATS, Nestle stands a chance to reclaim these resistances: 1026, 1253, 1553 and even higher. This idea invalidates under 793.
Hello, I am Professional Trader Andrea Russo. Today I opened a short position on AUD/CHF based on a series of technical signals that suggest a possible bearish reversal. Technical Analysis Trend and Moving AverageThe price has bounced significantly, but is now close to a strong dynamic resistance represented by multiple downward sloping moving averages. This suggests that the recent bullish push may be running out of steam. Fibonacci RetracementThe bullish move has reached the key 61.8% Fibonacci level, an area that often acts as resistance in a downtrend. From this level, the price has started to show signs of weakness. Technical Indicators WaveTrend SwipeUP shows a strong bearish divergence and the overbought signal has already started to reverse. RSI is falling after touching the 67 level, signaling a possible loss of buyer momentum. Trend Forecast SwipeUP has crossed down, suggesting an imminent reversal. Trade Management Entry: 0.56314 (current price level) Stop Loss: 0.5684 (just above the main resistance) Take Profit: 0.5515 (nearest support zone) Final Thoughts My strategy is based on multiple confirmations: price structure, technical indicators and reversal patterns. If the price invalidates this analysis by breaking above the resistance with significant volumes, I will close the trade to limit the risk. Stay tuned for more analysis and updates on the trade! Andrea Russo | SwipeUP
Price right now has relatively been contained within an upward channel In this chart i suggest a breakout of this trend line / channel and extension up to create a new ATH for this bull run I have used the bars pattern from the 2016 - 17 run Lets see what happens. Daily chart
The GBP/USD pair has exhibited a strong bullish trend since its January lows, currently trading at 1.2876. After reaching recent highs, the price is now at a critical decision point as shown by the chart's resistance area (upper red box) and ascending trendline. The sharp upward movement followed by the recent pullback suggests potential exhaustion of buying momentum, with the red downward-pointing arrows indicating a possible corrective phase ahead. Two scenarios appear most likely from this technical formation: either price continues higher to break above the upper resistance box before initiating a correction, or an immediate correction begins from current levels. In both cases, the lower orange box around the 1.2700-1.2720 area serves as a reasonable target, as does the ascending trendline (marked by the red dashed line) that has supported the uptrend since January. Traders should watch for potential reversal signals or consolidation patterns to confirm which scenario is unfolding. As always don't jump into trades and wait for confirmation! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD Ahead of the ECB Interest Rate Decision The ECB Interest Rate Decision is the most important event for today. The ECB is expected to cut rates by 25 basis points, lowering the Main Refinancing Operations Rate to 2.65% and the Rate on Deposit Facility to 2.5%. The market has already priced in the ECB rate cut over the past few days. Today's focus should be on the ECB Press Conference. The euro strengthened across all pairs following the news that Germany will create a 500 billion euro infrastructure fund and overhaul borrowing rules to boost defense spending and revive growth. Europe also plans to increase defense spending, giving further support to the euro. However, it is too early to expect the euro to continue rising steadily. Overall, nothing has changed significantly in Europe, and the trade war is still present. EUR/USD already tested a strong resistance zone, and it is uncommon for this currency pair to rise 430 pips in just three days. The 1.0800 level is also a pivot zone for EUR/USD, which could push the price down to erase some of the recent gains. It is risky, but it is possible that EUR/USD could begin a correction phase. The pair may correct down to the 1.0600 - 1.0650 area before resuming another bullish wave. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Hello Traders , A possible Possible Butterfly pattern in EURUSD after the impulse wave , lets see what will happen .. Good luck
EURUSD is in a descending channel between trend lines. Price is aiming for the upper boundary of the channel and dynamic resistance. The chart maintains the descending structure and has already approached the dynamic resistance, which was previously a pullback point. On 1D Timeframe indicators are in overbought zone, and on 1H a bearish divergence is forming. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Marvell Technology, Inc. ( NASDAQ:MRVL ) faced a sharp 16% decline in premarket trading on Thursday following the release of its fiscal fourth-quarter earnings report. While the semiconductor giant exceeded Wall Street’s expectations on both revenue and earnings per share (EPS), investor sentiment soured due to an uninspiring outlook. Strong Growth, Weak Guidance Despite the stock's decline, Marvell delivered solid earnings results for Q4: - Revenue: $1.82 billion (+27% YoY), surpassing analyst consensus. - Adjusted EPS: $0.60 per share, up from $0.46 a year ago. - Data Center Segment: Revenue surged 78% YoY to $1.37 billion, reflecting strong AI infrastructure demand. However, the market’s reaction was driven by Marvell’s fiscal Q1 guidance, which projected: - Revenue of $1.875 billion, within analysts' expectations but lacking significant upside. - Adjusted EPS forecast of $0.56 - $0.66, failing to excite investors anticipating a stronger AI-driven catalyst. Technical Analysis From a technical perspective, NASDAQ:MRVL now trades below key moving averages, reinforcing a bearish short-term trend. The stock’s RSI (Relative Strength Index) currently sits at 38, signaling weakness but not yet oversold territory, suggesting sellers may still have control.
EURUSD Technical analysis h1 time frame next move possible. Not financial advise.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As long as we don't see a weekly candle closing below the $90,000 mark, this remains a correction phase ?. Since we're near the lower bound of the weekly range, we'll be looking for short-term longs on lower timeframes ?. For the next long-term bullish phase to begin, a break above $110,000 is required ?. ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich