Mo_reza_kaz

Mo_reza_kaz Updated 

Hi everyone! Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry. Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to...

Mo_reza_kaz

AstraZeneca’s share price has been hovering around a long-term trend line established since 2017. Historically, each time the price has tested this trend line, it has rebounded sharply, suggesting strong investor confidence. From 2017 to 2023, the company’s financial performance has been notably robust: • Revenue doubled from $22B to $45B. • Pre-tax income...

Mo_reza_kaz Updated 

Nike has been forming a falling wedge pattern since 2021 and right now is trading at it's bottom. Prices between 70$ to 60$ are historical resistance going back to 2015, 2018 and 2020 which is being tested right now. At the same time we are at the bottom of the falling wedge. This could be a great buying opportunity with the target of 90$. If price break down from...

Mo_reza_kaz

Bearish Case: S&P 500 seems to form a H&S, if break the neck line, possible correction to 5600 (4.5% correction). Bullish case: Since Nov 2023 S&P500 has been in an uptrend parallel channel, in 4h time frame, each time RSI goes below 25, we see a rally upward. Tomorrow is decisive!

Mo_reza_kaz

Hi everyone, Pattern: Ascending triangle is formed in weekly time frame for Ethereum (2022-2024). The triangle pattern was formed in the previous cycle (2018-2020). Pattern breakout and target price: Once the price break out of the triangle pattern the target will be the triangle height, measured from break out point. This happened in the last cycle and the...

Mo_reza_kaz Updated 

After 9 months of downtrend/sideways price action, bitcoin has finally broke out of this trend. If we zoom out to weekly time frame, the 9 months of downtrend/sideways price action, serves as "handle" for "cup and handle" pattern which goes back to Nov 2021. Finally, after 3 years, this pattern is completed and bitcoin is set to get to it's next target which is...

Mo_reza_kaz

After raising from 33$ to 180$ in a span of ~1.5 years, Dell technologies had a major correction to 0.618 fibonacci level in 2 months. Since then the stock has seen a steady move upward in a narrow channel. Fibonacci extension level of 1.618 indicates price target of 237$ for the next 1-2 years.

Mo_reza_kaz

Bitcoin is famous with its cycles, halving and huge returns. Since 2012 price has gone up from 2$ to 90,000$. Each cycle starts with halving and then price goes up by hundreds or thousands percent and then come back down. Since 2012, we have completed three cycles and we are in the fourth one. In the first cycle, the lowest price was 2$ and then jumped to...

Mo_reza_kaz

Apple had a great move up from 165$ to 237$ in only 3 month, but since then price has been oscillating between 200$ and 237$, this oscillation seem to form an ascending triangle. Since the stock has been moving up in long and short term, the probability that this triangle breaks out to the upside is higher than breaking out to the down side. Currently the price...

Mo_reza_kaz

Pepsi co had a steady bull run from March of 2020 to May 2023, where the price doubled in a span of three years after testing it's long term support line in March of 2020 at 100$. Since May 2023, the price is in a downtrend and even Trump pump did not help it! Currently price is about to test its short term resistance at 157$. This price coincides with 0.382...

Mo_reza_kaz

Palantir uptrend move from June 2024 so far has been incredible. But I think enough is enough! Palantir broke out of its "cup and handle" pattern in mid June and already hit its target at about 50$ per share. The stock price is currently standing at 58$ per share, which is surpassing its cup and handle target and even 4.76 Fibbonaci extension level. I believe we...

Mo_reza_kaz

After a 65$ price surge from April to June, NVIDIA was experiencing some consolidation in the range of 140S to 90$. The price broke out of this consolidation zone which formed a symmetric triangle pattern in mid October. The next target price for NVIDIA is 65$ up from breakout point at 125$, which makes the price target of 190$. This target level coincides with...