The EUR/USD pair trimmed its stance slightly on Monday, slipping below 1.0600 after facing technical rejection from a key level last week. Euro traders remain cautious ahead of the European Central Bank’s interest rate decision on Thursday, while Greenback bidders await Wednesday’s U.S. Consumer Price Index inflation update. EUR/USD continues to tread carefully as the wedge pattern remains unbroken, with the bearish trend still prevailing in recent sessions. The pair remains vulnerable due to the strengthening USD, political shifts, and diverging monetary policies between the Fed and the ECB. Despite a modest recovery, downside risks linger, leaving the pair susceptible to further declines as market dynamics shift.
1. Fundamental Analysis * Forward P/E Ratio: PLTR's forward P/E ratio stands at 43.5, reflecting a premium valuation relative to peers in the AI and data analytics sector. This indicates that investors are optimistic about future growth prospects. * Expected EPS Growth: The company is expected to deliver an EPS growth rate of 32% YoY, driven by increased demand for its AI-driven analytics solutions. * Expected Revenue Growth: Revenue growth is projected at 24% annually, highlighting strong adoption in both government and commercial sectors. * Net Margins: Current net margins of 23% signal the company's ability to maintain profitability even while scaling operations. * Fundamentals Rating: 8/10 * PLTR's robust growth trajectory and profitability make it a solid player in the technology sector. However, its high valuation could deter conservative investors. 2. Technical Analysis Price Action Breakdown: * Opening Action: PLTR opened lower today, following a sharp drop in the prior session after testing $82.70, a key resistance level. * Support and Resistance Levels: * Resistance: $73.50, with $82.70 as the major psychological barrier. * Support: $67.32, followed by $64. * Trendlines: * PLTR is maintaining an upward channel, but the drop today tested the lower trendline of the channel. Indicators: * MACD: MACD is showing bearish momentum with a recent crossover below the signal line. However, the histogram suggests weakening bearish momentum. * Moving Averages: * The price is hovering near the 50-period MA, acting as support. * A break below the 50-period MA could trigger further downside. Liquidity Zones and Order Blocks: * Liquidity Zone: Significant accumulation is seen between $67 and $72, with buying interest evident at these levels. Scenarios: 1. Bullish Scenario: * If PLTR holds above $72 and breaks above $73.50, it may retest $82.70, the prior high. 2. Bearish Scenario: * A break below $67 could lead to further downside toward $64 or lower. 3. Trading Plan Scalping Strategy: * Entry Points: * Long: Above $73.50 with targets at $75 and $77. * Short: Below $72 with a target of $67. * Stop Loss: * Place stop-loss levels $1 above or below entry points. Swing Trading Strategy: * Bullish Outlook: Accumulate near $67-$72 if the stock holds above the trendline. Target $77 and $82. * Bearish Outlook: If PLTR closes below $67, wait for further confirmation to short with a target of $64. Risk Management: * Use a 1:3 risk-reward ratio. * Monitor volume and trendline support closely. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence before making trading decisions.
PACS Sector: Nursing facilities Revenue and EPS has stalled, not clear consistency. Short Interest: 1.98% ADR 5.17% Does it respect the H1 100SMA (Min 3Months): Yes Both founders have around 45M units of stock left after selling in Sep (8M units), Apr (1.6M units) 4 Nov, Hindenburg has done a short report leading to a gap down and decline of almost 60%. https://hindenburgresearch.com/pacs/ 26 Nov PACS Group receives NYSE non-compliance notice Is it a Hype Thematic (AI, Solar): Potential US healthcare 100SMA StrongWeak Bounce ? (0.5R) v1.0 Trading risk at 0.5R as we are testing this strategy This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late. Entry Within Stdev 100 zone SL = ATR14 * 2 (Run full course no early exits) Trailing stop (Previous Day Low or high) Price launch off (D1) D2 Closes D3 Move SL to D2 Low
BLMN Sector: Restaurants Falling revenue and EPS Nov Bloomin' Brands is selling 67% of its Brazilian business to focus on the struggling U.S. market, facing strong competition and declining sales. The sale to Vinci Partners will simplify operations and provide funds for necessary U.S. restaurant remodels and menu simplifications. Outback Steakhouse is under performing vs it’s peers in an already tough consumer market. ADR 2.77% Short Interest 9.72% Is it a Hype Thematic: Thematic on consumer spend Insider wise, we are seeing options being executed at higher prices vs current price. CFO’s recent exercised option was at $13.94 100SMA StrongWeak Bounce ? (0.5R) v1.0 Trading risk at 0.5R as we are testing this strategy This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late. Entry Within Stdev 100 zone SL = ATR14 * 2 (Run full course no early exits) Trailing stop (Previous Day Low or high) Price launch off (D1) D2 Closes D3 Move SL to D2 Low
https://www.tradingview.com/x/vXTfeT4o/ This is the chart what had happened and i didnt follow it, but now its time, green doodle is the one having to forming a hiragana and the red is the slow and steady ones! Ideal buys at 0.5355 and to all my earlier ones seeing you already know whats next!
if the price sustains above the yellow zone, it may move towards the red line and then the red zone. Similarly, if the price sustains below the yellow zone, the green zone will act as strong support for today
Simple setup, easy to trade. Double top with bearish divergence. But again, patterns don't work all the time, so a good Risk management is always necessary.
Technical Analysis for AMZN (Dec. 10, 2024) Price Action: * Opening Movement: AMZN opened with bullish momentum, continuing its trend from the previous session. It tested the $230 resistance level, coinciding with the Highest Positive GEX and psychological significance. * Mid-Day: The price started consolidating between $225 (support) and $230 (resistance), showing indecision among buyers and sellers. * Closing Trend: Towards the end of the session, AMZN slightly pulled back, hovering near the $226 zone but still maintaining its uptrend structure above key moving averages and trendlines. Key Indicators Observed: 1. GEX Indicator: * $230 Level: Marked as the highest positive gamma resistance, AMZN struggled to break above this level due to the options market hedging activity. Gamma levels acted as a natural resistance barrier. * $225 Support: This level, corresponding to the 2nd Call Wall, provided strong support during intraday pullbacks, confirming its significance. * Put Support at $217.5: Below $220, this zone indicates a potential area of buying interest if the price dips further. 2. Trend Lines: * AMZN respected an upward-sloping trendline throughout the session, demonstrating a bullish sentiment. * The price held above this trendline, reinforcing it as intraday support. 3. MACD: * The MACD is currently bearish, with a downward crossover. The histogram is trending negative, signaling reduced bullish momentum and a potential pullback in the short term. 4. Volume: * A spike in volume was observed during the test of the $230 resistance, indicating significant activity in this region. However, volume decreased during the consolidation phase, hinting at market indecision. GEX Indicator Insights: The Gamma Exposure (GEX) indicator highlighted key levels that directly influenced AMZN’s price action: * Resistance at $230: This level acted as a ceiling, supported by high positive gamma levels, which increased market makers' hedging activity, limiting further upward movement. * Support at $225: GEX provided a reliable support zone, giving traders confidence to enter long positions during pullbacks. * Value of GEX in Trading: * GEX helps traders identify where significant resistance or support levels lie based on options market activity. * It enhances confidence by revealing hidden forces that shape price movements, offering clarity in volatile conditions. * Without GEX: Traders may miss understanding why prices consolidate or reverse at specific levels, reducing their ability to predict market movements. Trading Plan for Tomorrow: Scalping Strategy: 1. Entry Points: * Long Above $230: Look for a breakout above $230 with strong volume. Target $235. * Short Below $225: Enter short if the price breaks below $225, targeting $220 or $217.5. 2. Stop-Loss: Use tight stops of $1 above or below entry points. Swing Trading: 1. Bullish Scenario: * If AMZN holds above $225, expect a retest of $230. A breakout could target $235 and $240 in the coming sessions. 2. Bearish Scenario: * A break below $225 could lead to a decline towards $220 and potentially $217.5. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always perform your due diligence before making any trading decisions.
AMEX:SPY December 10, 2024 15 Minutes. 605 as expected was done. Downtrend confirmed as long AMEX:SPY is below 607 levels. 607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08 This 606-607 is a level to short. For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels. Soif 604 is broken today 599-600 is my target for today. In daytime frame AMEX:SPY took support at 9 averages. 21 average is 598 levels. For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes. We have an oscillator divergence at close. price made LL but oscillator did not support. So, i expect a pull back at open.
Current Litecoin price: $107.5 ? My plan? Watch it soar all the way to $338—because the real run hasn’t even started yet! ??