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ORACLE AT SHORT TERM PEAK ? Charts shows the 2 critical Fibonacci retracement % of Oracle in each stage of up trend since Mar 2020 Oct 2024 retracement at the peak will follow the previous stage of < than 40% and continue its up trend or extend to 50-70% ATR at the peak of > 9 Daily chart with MACD at the trending up peak shows the bull is at its strongest momentum since Nov 2023 Based on vertical reflection target price calculation of target price at 190.00, short term hold or exit for next rebound Support @ 155, 140 Stronger support @ 125
NYSE:ORCL
by SASSA39
Meta : Rounding bottom - LONGHey everyone! 🌟 It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price is 561.34. This setup offers a great risk-reward ratio of 1:3 for long-term positions. If you found this chart analysis helpful, give it a like! 😊📈
NASDAQ:METALong
by PowerOfTA
CEG -Falling Wedge Breakout -DailyThis chart depicts **Constellation Energy Corporation (CEG)** on NASDAQ with a daily timeframe. Here's an analysis of the current price action: ### Key Observations: 1. **Falling Wedge Breakout:** - The stock has broken out of a **falling wedge pattern**, a bullish signal. The wedge starts around the high in May 2024, with a steady decline until early September. - The breakout occurred with strong momentum, as evidenced by the sharp price rise to **$254.98**, signaling the potential start of a new uptrend. 2. **Cup and Handle Formation:** - A **Cup and Handle** pattern is visible, a bullish continuation pattern that suggests more upside is likely after the breakout. - The "cup" spans from June to August, followed by a smaller "handle" in September. 3. **Targets:** - After breaking above the **$199.59** resistance level, the first measured move shows a potential gain of **22.23%** from this breakout level, targeting **$276.11**. - If this move plays out, the next target is an additional **38.48%** increase, aiming for **$276.11**, indicating the potential for further gains. 4. **Support Levels:** - If the breakout fails or a pullback occurs, immediate support lies at the **$199.59** level, which coincides with the bottom of the wedge. - A deeper pullback could find support near the **$120.00** level. 5. **Volume Surge:** - There was a significant increase in volume during the breakout, with **15.031M** shares traded, signaling strong buying interest and conviction behind the move. ### Conclusion: - The breakout from both the **falling wedge** and the **cup and handle** patterns suggests a strong bullish outlook for Constellation Energy. Immediate targets are **$276.11**, with potential upside to **$280.00**, while **$199.59** serves as the nearest support.
NASDAQ:CEGLong
by Vem_TA_Charts
CRWD - Cup and Handle Breakout -DailyThis chart depicts the stock price action of **CrowdStrike Holdings, Inc. (CRWD)** on the NASDAQ, displayed on a daily timeframe. Here's a breakdown of the analysis: ### Key Observations: 1. **Cup and Handle Formation:** - The chart clearly shows a **Cup and Handle** pattern forming, which is a bullish continuation signal. - The "cup" spans from June to September 2024, with a rounded bottom, followed by a "handle" pattern, signaling a potential breakout above the resistance level. 2. **Breakout Level:** - The stock is currently trading at **$299.85**, near the 50% Fibonacci retracement level of **$299.68**, which serves as a key resistance area. - The price recently broke above **$285.27** (0.382 Fibonacci retracement), further reinforcing the bullish trend. 3. **Targets:** - If the breakout sustains, the immediate target is the **0.618 Fibonacci retracement level** at **$323.16**. - Further upside potential could take the price to **$369.55** (0.786 Fibonacci) and the all-time high of **$399.16**. - The measured move from the cup's depth suggests a price target of **$369.55**, representing a potential gain of **29.74%** from the breakout. 4. **Support Levels:** - If the breakout fails, the immediate support level is around **$285.27**, with a stronger base at the **0.236 Fibonacci level** of **$247.16**. - The lowest support for a strong reversal would be near **$200.21**. 5. **Volume Surge:** - There is a noticeable increase in volume, especially on breakout days, which adds confirmation to the strength of the bullish move. **17.875M** shares were traded on the latest breakout. 6. **Relative Strength Index (RSI):** - The RSI is currently at **69.11**, near overbought territory, which may signal potential profit-taking or consolidation before further movement. ### Conclusion: - The chart is exhibiting strong bullish momentum following the breakout from a classic **Cup and Handle** pattern. Potential upside targets include **$323.16** and **$369.55**, while support lies around **$285.27** and **$247.16**.
NASDAQ:CRWDLong
by Vem_TA_Charts
BG // LEVEL // 3H"Welcome to SkyTradingZone " Hello Everyone 👋 Let's dive into the 3-hour candlestick chart for Bharat Gas (BG), a leading Indian gas and petroleum products company. Here are some key insights based on the 3-hour chart: Current Trend: Bharat Gas has been trading in a downtrend over the past few hours, with a slight pullback. Resistance and Support: The stock has a strong resistance level at around ₹1,445-1,455 and support level at around ₹1,380-1,390. Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.
NYSE:BGLong
by SkyTradingZone
This is an interesting Bio Pick. Bullish in my opinionFundamental Reasons for Bullish Sentiment on VRAX: Revenue Growth: Virax Biolabs achieved significant revenue growth of 1,727.11% year-on-year in 2024, indicating a rapidly expanding business. Strong Demand for Mpox Kits: Virax's Mpox RT-PCR detection kits are in high demand, driven by recent distribution agreements in Europe and the Gulf Cooperation Council (GCC). Geographic Expansion: The company has expanded its exclusive distribution agreement to include GCC countries, enhancing its market reach. Strong Liquidity: The company has a current ratio of 25.94, which indicates strong liquidity and the ability to meet short-term obligations. Positive Market Response: Virax’s stock price has reacted positively to recent announcements, showing bullish market sentiment. Technical Reasons for Bullish Sentiment on VRAX: Recent Price Gains: The stock has increased by over 400% in the past six months, showing strong upward momentum. High Volume: VRAX has a short interest ratio of 15.60%, indicating potential for short squeezes and price movement. Support from Moving Averages: The stock is trading above its 200-day moving average, signaling a bullish trend.
NASDAQ:VRAXLong
by sully357