The NASDAQ index appears to be forming a Head and Shoulders pattern, which is a classic bearish reversal signal. A potential short position can be considered if the price breaks below the neckline, currently around 21,360.
China’s latest monetary policy shift has set the stage for renewed optimism in US-listed Chinese stocks. For Alibaba (BABA), this could mark the beginning of a turnaround, as stimulus-driven momentum starts to reignite investor confidence. A Rollercoaster Ride for BABA Alibaba’s share price has been on a rollercoaster ride in recent months. The stock surged in September, buoyed by initial stimulus measures, only to lose steam as economic data faltered and Alibaba Pictures delivered weak results. What followed was a steep retracement of nearly 30%, with broader concerns over waning Chinese consumer demand compounding the pressure. By late November, BABA was clinging to its 200-day moving average, with a descending trendline reflecting a market hesitant to price in immediate growth. The pullback underscored lingering doubts over whether Beijing’s earlier efforts would be enough to revitalise the economy. The Breakout: A Shift in Momentum Monday brought a much-needed catalyst. The Politburo, China’s top decision-making body within the Communist Party, announced a shift to a “moderately loose” monetary policy — a stark departure from 14 years of “prudent” guidance. This group, led by President Xi Jinping, sets the economic and policy agenda, making its decisions a critical barometer for investor sentiment. The market reaction was swift. Alibaba surged nearly 8%, breaking above its descending trendline. Volume soared, adding weight to the breakout and fuelling hopes that the sentiment tide might be turning. BABA Daily Candle Chart https://www.tradingview.com/x/4WUM7dEL/ Past performance is not a reliable indicator of future results Why This Matters for BABA Alibaba’s extensive reach across China’s economy — spanning e-commerce, cloud computing, and logistics — positions it uniquely to benefit from policies aimed at boosting domestic consumption. As Beijing commits to expanding household spending and enhancing demand, BABA could gain a direct uplift in its core operations. The upcoming Chinese Central Economic Work Conference is expected to clarify how these fiscal and monetary adjustments will be implemented. Market participants will particularly watch for measures aimed at restoring private sector confidence and encouraging discretionary spending. BABA’s Path Forward Alibaba’s breakout above its descending trendline is a positive signal, but caution remains warranted. The stock still trades below its 50-day moving average, a key technical hurdle. Meanwhile, the broader economy faces structural challenges that could temper the pace of recovery. Sustained follow-through from Beijing will be essential for BABA to capitalise on this renewed momentum. For now, the breakout represents a fresh start, but the next few months will reveal whether the recovery has the legs to take BABA to new highs. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Yello, Paradisers! Could #POWRUSDT be gearing up for a breakout, or will it fail to hold critical support levels? Let’s dive into the key areas of #PowerLedger: ?#POWR has been trading in a descending channel formation for most of 2024, steadily making lower highs and lower lows. However, recent price action suggests a potential shift in momentum, signaling an opportunity for the bulls to step in. ?The demand zone between $0.1856 and $0.2577 remains the critical level to monitor. This area has consistently provided strong support, and as long as the price stays above this zone, the bullish outlook remains valid. A sustained hold here would strengthen the case for a move higher. ?If the price holds this demand zone and begins a reversal, the first target is the supply zone around $0.3500–$0.4500, which has acted as a key resistance in the past. A decisive breakout above this level could propel POWR toward its major resistance zone at $0.8000, opening up a potential rally to even higher levels. ?That said, caution is essential. A daily candle close below $0.1856 would invalidate the bullish thesis and could trigger a sharp correction, exposing the price to further downside risk. In such a scenario, #POWR may revisit sub-$0.1350 levels, potentially shaking out weak hands before finding a new equilibrium. Stay focused, patient, and disciplined, Paradisers? MyCryptoParadise iFeel the success?
Not only does Tao show the cup with holder pattern (previous idea) it also show's a clear fair (bullish) value gap this indicates a huge upward movement after hitting the $350 range, personally i will wait for the $360 and my target will be $1400 this because it already showed huge upward movement while it was at $700. no financial advice you have the final word what you want to do.
APH Amphenol Corporation 24hr potterbox with a blue direction line as you can see the stock is following the box and blue line direction. when it hits $72.42 it should bounce and start heading north. we shall see what happens.
December 9, 2024 OTC:SFRX CEO Update: Juno Beach Progress and Tech Breakthroughs https://seafarerexplorationcorp.com/ceo-update-juno-beach-progress-and-tech-breakthroughs/ This CEO Update shares exciting news on advancements at Juno Beach, offshore discoveries, and breakthroughs in SeaSearcher technology. Dear Shareholders, While adverse weather conditions posed significant challenges this summer, our team has continued to make steady advancements in exploration and artifact recovery, reinforcing the long-term potential of our work. At the Juno Beach archaeological site, we have made significant strides in mapping a prominent area of debris concentration using transect mapping. This has enabled us to locate new areas containing large ballast stones and a substantial wooden element believed to be part of the ship’s stern. Our recovery efforts have been fruitful, adding dozens of artifacts to our collection, which now exceeds 1,000 items, excluding lead sheathing. We have established a 300’x300’ grid, allowing us to focus our SeaSearcher scans on a refined area where debris is concentrated within a 100’ north-south by 250’ east-west zone. A harpoon recovered during this phase may also be associated with this wreck. These findings are supported by detailed documentation, including hundreds of pages of reports and hours of video records of our archaeological processes. At Melbourne Beach, activity has been limited by weather, but we completed test dives and laid the groundwork for a grid system over two target areas, the Ring Site and HTQ. This will guide SeaSearcher scans to evaluate the potential for continued exploration. At Cape Canaveral, a historically significant area known for colonial-era shipwrecks, magnetometer scans, and test dives have yielded promising data, and we are preparing to bring in the SeaSearcher as soon as conditions allow. Offshore, we have identified a promising area with evidence pointing to the possible presence of two or three vessels from the 1715 fleet. Initial dives uncovered a colonial-era anchor, further validating this area as a strong prospect for recovery operations. The SeaSearcher technology continues to advance, with improvements in metal discrimination allowing for greater confidence in distinguishing ferrous, non-ferrous, and even precious metals. The platform’s stability has been a key factor in its routine deployment, and our second-generation metal discriminator has shown improved sensitivity and reduced noise. Progress toward a handheld unit also continues, promising further flexibility in our recovery operations. Our archives and historical research team have also been making significant strides as well, particularly in analyzing records from Seville, Spain. These documents are beginning to yield useful insights into additional shipwrecks, and our new cataloging method has improved our ability to extract and organize data efficiently. While weather has been a limiting factor, particularly as we transition from search to recovery operations, we remain committed to maintaining the highest levels of safety and precision. The rough seas of summer have presented challenges for both diver safety and accurate positioning of recovery grids, but we are well-prepared to capitalize on more favorable conditions as they arise. We continue to make meaningful progress toward our mission of uncovering and preserving historical shipwrecks, and the work completed this year lays a strong foundation for the year ahead. Thank you for your continued support as we pursue opportunities to create long-term value through our exploration efforts. Sincerely, Kyle Kennedy CEO, Seafarer Exploration
An ascending channel has formed and within this channel there is a positive head and shoulders pattern with a target of 619.
? #PEOPLE Analysis - Both Side Scenario ?? ?? #PEOPLE is trading in a Symmetrical Triangle Pattern. If the price of #PEOPLE breaks and sustain the higher price then will see a pump otherwise it will retest the support zone first and then a reversal can come in #PEOPLE?? ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ? #PEOPLE #Cryptocurrency #Support #Resistance #DYOR
### Technical Analysis for UNI Current Support Levels: - $13.5 / $12.8: These levels are crucial support zones where buyers have historically stepped in to prevent further decline. A bounce from here could indicate strong buying interest. - $10.85: This is a significant lower support level. If UNI drops towards this area, it may present an even stronger buying opportunity if the price holds. - $45: This is our target for the current bull run. However, reaching this level requires overcoming previous resistance levels and sustained bullish momentum. Price Action: - After recent consolidations around the support levels mentioned, UNI shows signs of potential bullish momentum as it retests the $13.5 and $12.8 areas. - Volume spikes during upward moves will indicate buyer strength, while low volume on declines would suggest a lack of selling pressure. Moving Averages: - 50-day & 200-day Moving Averages: Watching these moving averages will help gauge longer-term trends. A bullish crossover (where the 50-day crosses above the 200-day) often signals a continuation of upward momentum. Indicators: - RSI (Relative Strength Index): If the RSI is moving out of the oversold region and heading towards the midpoint, this can imply a potential reversal or continuation of the bullish trend. - MACD (Moving Average Convergence Divergence): A bullish MACD crossover can signal momentum building in the upward direction. ### Summary: With critical support areas at $13.5, $12.8, and $10.85, and the potential to reach $45 in this bull run, this is a moment to consider entering or adding to your positions in UNI. Always remember to employ proper risk management and conduct your own research before making trading decisions. Happy trading! ??
Corn experienced a failed bearish symmetrical triangle breakout to the downside. It is now rallying towards bullish head and shoulders breakout