SIZZLING-YINN-HANDLE!!!! There's been a global paradigm shift As Biden's re-election prospects diminish and recent events are raising concerns. While US and Europe valuations are within fair value range based on forward P/E ratios the tremendous laggard China has turned its corner in cracking the chip after Pres Xi spent about $2T equivalent in US dollar that is a lot but at least he accomplished what he intended when he came in office and announced the "common prosperity initiative" to solve demographic generational chasm from the one child policy before and thee are not enough producers to support the rest and to solve this make home affordable again as children live with their parents until age 55 on average and this is not ideal for starting a family they need their own home. Well fold housing down 95% mission accomplished lol Tech Sector crackdown and sanctions on top of a strong US dollar also beat down China tech index clubbed like a baby seal down 75% . many have contemplated is China investable. We ladies and gentlemen. Bottom Line = YES! .........PLAY BALL!
Notice: Think for yourself before comparing your analysis. Past does not equal future, same goes with price discovery. Leverage ETF products have additional risks and design for short term trading and speculation and someone who has a system with automations and watching the Bloomberg. This is not intended to be a recommendation in absolute. If you do not fully understand please consult an advisor, make sure you have adequate cash reserve and can afford to lose as invest like this leverage 3x so that is a notional value of 300% of a potential 25%83=74% in one handle (move). Remember to cut your losses because it takes a 100% return to break even from a 50% loss. I would expect this trade to take 2 weeks to mature but could take a month and it may be down at first, but the paradigm has changed, and this is the trade for now.
TECH
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already bullishly triggered 3 weeks ago.
From these levels if that Bull pennant target is to be met (log scale)
It seems this basket has another 30% move left in it.
#NASDAQ vs #DJIA has only been lower on the RSI 3 times! I wager #TECH is still the place to earn better gains going forward.
It also doesn't carry the risk of #Financials
and it is not dragged down by slow growth "stable" companies like utilities.
Bleeding edge has always been the place to grow your money
and with #AI manifesting itself for the next wave of user growth along with #CRYPTO
you need exsposure to network effects investments.
Tech M : Updated Price Action- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below.
- Given that the price action changed with time, we decided to post the updated price action for the ease of our followers
- The chart is pretty self-explanatory
- The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally gave a good breakout.
- Follow the comments below for regular updates on future price action 👇
- The Indian IT sector too is approaching its critical resistance for the third time.
- Looks like we may see some good momentum in the IT Space. What do you think?
- We appreciate your support! If you liked our analysis, Do give us a 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
SNAP: $10 | Bleeding Stopped
2023 should be a come back
with revenue | profit improving though in the negative area
bleeding has subsided
one quarter was positive in 2022 yet
price barely went up or down
it just hovered along $10 +-15 levels
Tiktok is around $200bn as bytedance valuation
this at $15bn needs a campaign to revive it's HYPE back in the day
Earnings Strength before Slight PullbackHello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by NASDAQ:AMD going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards.
Position: Shares (added between 2018-2020); holding long-term.
Please let me know your thoughts and feedback and happy trading!
Are #Stocks expensive? No measured against M2 money supplyThe 2000 Top was still the "real" peak of the US stock market
Built obviously on the expectation that the internet would change the world and teh global economy.
This highlights how the market foresees the future and how market participants are forward looking.
The #DownJones index is still 50% down form that peak
on this chart you can multiple chart patterns tat have played out previously
HVF's, double top, head & shoulder tops, and inv H&S bottoms
currently in a 22 year continuation inv head and shoulders which is still in progress
my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
Tessy for the Win ($TSLA)Need above 176 to confirm move up. Looks to potentially be in a 5 wave move up.
If we reject 176 to 180 expect lower to come
if not this is upside just about
Looks to be in five wave like apple
Sub waves so within next few weeks to week
If not though probably lower than last low coming for sure. We need to break trend
Update as we go
tradingview.sweetlogin.com
Apple sees drop in revenue and net incomeApple delivered its financial results for the second quarter of fiscal year 2024. According to the report, the company generated revenue worth $90.753 billion, down 4.3% YoY, and net income of $23.636 billion, representing a decrease of 2.16% YoY. Operating income amounted to $27.9 billion for the same period, falling 1.5% YoY. In addition to that, Apple announced the largest share buyback program in the company’s history, amounting to $110 billion.
Net revenue = $90.7 billion (-4.3% YoY) vs. $94.8 billion in FY2Q23
Net income = $23.6 billion (-2.16% YoY) vs. $24.1 billion in FY2Q23
Operating income = $27.9 billion (-1.5% YoY) vs. $28.3 billion in FY2Q23
Earnings per share = $1.53 (0% YoY) vs. $1.53 in FY2Q23
Illustration 1.01
The illustration above shows Apple's price action in the aftermarket, with shares soaring more than 7%.
Additional information
Operating costs rose 5.2% YoY to $14.3 billion.
iPhone sales fell 10.4% YoY.
Mac sales increased nearly 4% YoY.
iPad sales went down 16.6% YoY.
Sales in the wearable, home, and accessories category dropped 9.6% YoY.
Revenue from services grew by 14.1%
The company’s liabilities declined by about 9.4% YoY.
Apple increased its dividend to $0.25 per share.
Forward guidance
Apple did not provide any forward guidance. However, its CEO, Tim Cook, said the company plans to announce in regard to artificial intelligence. On top of that, he expressed optimism about the company’s operations in China.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
U - Unity Software Continuation LongWe've opened a leveraged continuation long on Unity software. Our larger setup hit it's first TP before retracing.
There is clear bullish divergence maturing, along with a falling wedge breakout on the 4h, all happening at a key level of significance.
Above this level in history, we have always gone to a minimum of 39$, hence the first TP.
The 4h set up can be seen below:
JD.COM showing upside soon to come to $35Inverse Head and SHoulders seems to be forming on the JD.COm
The market has come down from a high of $42 down to $21 since July 2023.
Then there was a solid consolidation and higher lows forming, before the next move.
Now we do have a potential Inv H and S but it's still of a Medium Nature.
Price>20
Price<200
The target is around $35.01 but we need the price to first break up and out of the neckline.
Let's wait and see.
Alphabet Inc (Google) Class AWeekly chart in logarithmic scale.
Friend indicator @Julien_Eche
1. Overall Trend:
- The chart shows a long-term bullish trend for Google's (GOOGL) stock. The share price has seen steady progression from 2009 to 2024.
2. Trading Channel:
- A well-defined trading channel can be identified, with parallel trendlines that establish the range of fluctuations in the long run.
- The price moves within this channel, with regular bounces off the support and resistance lines.
3. Consolidation Phases:
- Some consolidation phases are observed, where the price has seen lateral movements, such as in 2011-2012 and 2018-2019, before resuming the uptrend.
4. Upside Potential:
- Currently, the price seems to be near the upper limit of the channel, suggesting limited upside potential in the short term.
- However, the trading channel implies the possibility of continued long-term bullish trend, if the price can decisively break above this current resistance level.
In summary, the chart displays a long-term bullish trend for Google's stock, with a well-established trading channel that frames the price fluctuations. This suggests further upside potential, provided the price can overcome the current resistance.
Make up your mind before placing an order.
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Tesla Stock Down 30% This Year. What Happened to the EV King?The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest.
Table of Contents
» How It Started vs How It’s Going
» Nothing Magnificent About It
» Competition Revs Up
» Teslas Pile Up on Weak Demand
» If You’re Having a Bad Day, Read This
📍 How It Started vs How It’s Going
Tesla (ticker: TSLA ) kicked off the year as the big tech highflyer we all know. With a valuation of more than $780 billion, the electric-car maker stepped into 2024 as the world’s largest EV seller. Deliveries were standing at record highs and chief executive Elon Musk was the world’s richest person and was looking at a gargantuan $55 billion pay day.
All of that was taken away in one way or another. Chinese automaker BYD (ticker: 1211 ) dethroned the EV kingpin by selling 526,000 EVs for the fourth quarter of 2023, more than Tesla’s 484,000. Even as Tesla reclaimed the top spot in the January through March quarter, it flagged a worrying signal that its business was shrinking.
As for Elon Musk, he lost a court battle over his lofty $55 billion pay package when a judge called it “an unfathomable sum.” Shortly before that, he handed the World’s Richest title to Amazon founder Jeff Bezos .
📍 Nothing Magnificent About It
Chugging through first-quarter twists and turns, Tesla drifted away from the highly exclusive club called the “Magnificent Seven.” The group of companies with a snappy nickname is made up of Microsoft (ticker: MSFT ), Nvidia (ticker: NVDA ), Facebook parent Meta (ticker: META ), Google parent Alphabet (ticker: GOOGL ), Amazon (ticker: AMZN ), Apple (ticker: AAPL ), and outsider-in-the-making Tesla (ticker: TSLA ).
How did that happen and why is Tesla at risk of falling out of the Magnificent Seven? Tesla’s valuation — which is notoriously volatile and hard to pinpoint — saw a massive 30% drop over the first three months of 2024, turning the stock into the worst performer in the S&P 500. More than $260 billion has been washed out since early January, giving the EV maker a price tag of around $520 billion today. Zoom further out, and you see Tesla peaked during the Reddit stocks meme-trading era of 2021 when shares hit an all-time high of $417. Back then, Tesla became the first car manufacturer to break into the $1 trillion club.
Tesla stock has lost about a third of its valuation this year. Source: TradingView
The drastic fall spotlights a stark difference between Tesla and the rest of the Magnificent Seven big shots. The other tech giants are at the top of well-developed yet competitive industries. Take for example Microsoft — the software mainstay has created for itself a competitive moat in the enterprise and retail software business.
Tesla, on the other hand, is the trailblazer for the EV revolution but charged up rivals are shifting gears, threatening to soak up market share fast.
📍 Competition Revs Up
Chinese smartphone maker Xiaomi (ticker: 1810 ) last week unveiled a slick-looking, tech-rich electric ride. The model is called SU7 and it clocked up 10,000 reservations in the first 4 minutes after launch. Then it got to 89,000 in 24 hours. The successful launch bumped Xiaomi’s market cap by $4 billion to around $50 billion, or 10 times less than Tesla. The SU7, however, is priced lower than a high-end Model 3.
Tesla has more rivals to outsell, among them BYD (ticker: 1211 ) and the more-niche player Rivian (ticker: RIVN ). Rivian is an EV startup that marked a 70% increase in sales for the first quarter. The number, however, is a tiny 13,980 units delivered.
📍 Teslas Pile Up on Weak Demand
Tesla’s year went from bad to worse this week when it announced it had delivered 386,810 EVs in the first quarter. The number was about 20,000 below the most bearish forecast on Wall Street. It was also 9% lower than last year’s first quarter, indicating that the company’s business is shrinking.
More importantly, Tesla produced 433,371 units, leaving about 46,000 waiting to be purchased by customers. The difference between production and deliveries meant that unsold models are piling up. A demand issue maybe?
📍 If You’re Having a Bad Day, Read This
In all that chaos, Elon Musk emerged as the world’s worst moneymaker, taking a huge blow to his net worth so far this year. According to the Bloomberg Billionaires Index , the eccentric engineer is down $45 billion to roughly $180 billion, taking the number one spot on the loser board.
Elon Musk owns a 20.5% stake in Tesla worth about $120 billion, according to a December 31 filing . The stake consists of 411 million shares of common stock and 303 million stock options with a strike price of $26 a pop.
The majority of Musk’s wealth is concentrated in his EV company, but he also owns private social media platform X, former Twitter, and space exploration company SpaceX, among other businesses.
📍 What’s Your Take?
Are you buying the dip in Tesla stock? Or are you waiting for a deeper drop before scooping up some shares for yourself? Let us know your thoughts on Tesla’s future in the comments below!
🚀if you liked this article, give us a follow to make sure you don't miss any.
💖 TradingView Team
BTC - Detailed Video Analysis - in 2 mins!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the $70,000 holds, we are expecting a continuation till the upper bound of the channel and $80,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
PAYPAL #PYPL --- Ready for recovery rallyObvious that the bear trend is clearly done
Paypal Hodlers should get relief and fresh positions could get rewarded quite nicely
It's not a bullish falling wedge, which is pattern I prefer.
But more of a regular descending channel ...
I think a move to $100 should be the minimum objective.
NVDA AT BEAUTIFUL SUPPORT!! EXPECTING A BOUNCE!There's a triple confluence here on NVDA, This is a massive support level with a developing 45min order block. With these confluence and a strong company leading the tech/AI world, I would expect higher prices to come unless we get a random negative event.
I'm bullish and looking to break $1,000 in the next few months.
Let me know your thought sin the comments below
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DXY - Could pump could coincide with market reset for a whileI'm not someone that believes that when the markets pump the dxy has to dump and vice versa. However, it is undeniable and pretty logical that there is some correllation.
In this case the markets have been extremely bullish for a year straight with no significant pullbacks, and the dxy incredibly bearish with only one minor retracement. It is now at a key level that we called last time as the level that gave us the bullish run, so you should't be surprised if we get a bounce here. The markets are also extended and seem like they are slowing down, this might mean a few weeks of bearish moves in the markets and bullish moves on the dxy.
Regardless we are bullish for 2024 as a whole until there is a further indication, just be wary of the next few weeks and this critical level that we are at today.
Safe trading!