Fundamentally strong stocks are on my watchlist and do regular TA for them only . When you see a TA automatically assume that its a very strong fundamental company as well
IREN has been moving upwards swiftly due to BTC 100k
Now we take a fresh look at IREN
it formed a double top which is a bearish sign and hence I took profit out of IREN at the double top high that is around 15$ area
So far its respecting the 50 day MA very nicely but there is a also an amazing cup formation which is leading me to think about it long term and...
ZETA recently suffered a short attack on its earnings which were amazing
The short attack made Zeta dropped a lot making it a very cheap stock to own.
After the short attack was over and the cloud was cleared Zeta is now moving very quickly towards its ATH .
Zeta has bounced off really nicely from its 200 SMA and 50 SMA
Entry : Now ( 25-27)
Stop loss : 19
AMR has broken a long term bearish trend as it can be seen in the red line
The breakout is not aggressive but a slow reversal.
The Fundamentals of the company are really strong and positions should be taken now to ride the trend upwards
Entry : now CMP (243) or 270+ for confirmation of reversal
Stop loss : the previous LL from 243 level
VISA looks like to fill the gap up opening it did on its earnings
It will probably retest the support of 292 to 296 area
At this point entries can be made to ride the long term bull trend of Visa
its a fundamentally strong stock which will benefit from rate cuts
Entry : 292-296
Stop loss : 270
GOLD is now on its way to go above its 50 day EMA resistance and that is a bullish signal
That means it will reach the All time high again and then might test the current level of 2663 as support and then go back to all time highs
REcommendation:
Start buying at 2663
Stop loss 2545
TP : 2790
AS per the FIB levels drawn from recent swing low to highs
It looks like we can expect a bounce back from the following levels
313 , 300 and then 270
Although 330 is also a consideration but 313 and 300 are very strong candidates . This bounce back will mean the next stop should be 400+
IREN as per FIB is about to enter the golden pocket
IRen breakout is confirming a strong bullish movement
Enter @ 11+
Stop Loss @ 8.20
TP @ 13+
Its a beautiful breakout
MPWR is in a strong bull trend
Entry at current price
Stop loss at 858 if you want to have tight stop loss
Ride the bull trend as its a fundamentally strong stock
FAST is in a FIB golden pocket and the movement to 78 is very much imminent
its a strong fundamental stock so entries should be made now
Entry at 71
TP at 78
Stop loss 64
WSM is in a range movement for a very long time
Once this box is broken out then entries should be made at 168
Stop loss is 124 once you enter at 166
Fundamentally strong stock next movement is it might bounce down from the resistance of 155 156
BMI in bull trend and currently might retest the recent last resistance
Entries should be made once the retest is complete and it moves above 218
Stop loss is 186 for this trend
APOG is a fundamentally strong stock and entries should be made after double top is broken out and it closes above 75
Stop loss should be 58 and ride the bull trend wave
LMAT about to break the long strong resistance of 92
It is a buy and accumulate once it closes a day above 92 level
Stop loss can be 90
This is a strong fundamental stock and is in a bull trend so the trend should be followed
BTC is on the verge of a breakout
if we hit 62 it will be confirmation and double confirmation will be the re-test of 61 levels
once we retest and move upwards then 68 69 is an easy short term target
LETSSSS GO
if Nasdaq breaks the 17700 levels and close the day above 17700 then we have confirmation of a breakout of the bear trend that started in July 2024
Now there might be retest of the 17500 levels once it breaks 17700 which is perfectly normal so dont panic but this breakout will confirm a bull move for the rest of the year and we will break through the previous...
MPWR had been in range for quite a while i.e from Nov 2021 to Feb 2024
And then suddenly the fundamentals changed and the company become stronger
A bullish channel has formed and at the moment the stock is at the top of the channel cieling
RSI and current movement suggest it will now corect for some time , take support from 770 and then move back up or its...
Bullish Bias!
1) bounced from 200 EMA
2) closed above 50 day MA
3) Fundamentally strong company great earnings
Entry when it closed above 73 on daily time frame which will confirm golden pocket of fib levels fo recent swing
Entry at 68
Stop loss @ 60
TP @78
