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ALNY, LTH & ZETA - The momentum may drive prices to new heights!Alnylam Pharmaceuticals The stock price has encountered several rejections around the 212 level, leading to subsequent corrections. After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level. Consequently, the stock underwent another correction. Following this, the price entered a consolidation phase, forming a Box pattern for a while. In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it. Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume. Life Time Group Holdings Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75. Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop. During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart. After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level. If the stock can hold onto this level, we might see even more upward momentum in the days ahead. Zeta Global Holdings The stock price had been consolidating within a Box Pattern before breaking free. Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows. Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist. Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.
NASDAQ:ALNYLong
by NaranjCapital
QQQ - Potential top for the rally + new price targetsOver the past few days, we hinted at several warning signs on Nasdaq's continuous futures chart. Since the index broke above 11 734$, it has trended mostly sideways with declining volume at elevated prices. In our opinion, this continues to hint at the unsustainability of the rally, and therefore we would like to set new price targets for QQQ. Our new short-term price target is 280$, and our new medium-term price target is 270$. The price target for NQ1! stays the same, at 10 000$. Our views are based on fundamental and technical factors detailed in the current and previous articles. *to invalidate our thesis about the potential top, we would like to see QQQ break above Resistance 1* Illustration 1.01 Illustration 1.01 displays the daily chart of Nasdaq continuous futures (NQ1!) and several technical developments indicated by colorful arrows. Technical analysis - daily time frame RSI is neutral. MACD is bullish. Stochastic performed a bearish crossover. DM+ and DM- are bullish. Overall, the daily time frame is slightly bullish. Illustration 1.02 Illustration 1.02 shows simple support and resistance levels for Nasdaq continuous futures (NQ1!) on the daily chart. Technical analysis - weekly time frame Stochastic and RSI point to the upside. The same applies to MACD, which stays in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
16
$HUB.TA Outperforms Sectoral and Market Indices YTD Despite the market's emergent rally in July, 2022 has been a punishing year for tech equities worldwide. Recent Q2 earning from megacap tech players in the US deepen concerns about diminishing margins and slowed hiring moving into Q3/4 and beyond. YTD, Nasdaq is down -21%, and unerperformed the DOW, S&P500, and Russell2000. One sector with more bullish short-to-intermediate term prospects is cyber security and confidential computing. HUB.TA, which is headed for a NASDAQ listing this year via SPAC merger with RNER has clearly outperformed sectoral peers such as IBM (-1.38%) and CYBER (-22.8%) YTD with its gains of +32% despite some heightened volatiity surrounding its imminent merger. HUB likewise outperformed sectoral ETFs like BUG (-17.8%) and CIBR (-19.17%), making this Israeli confidential computing equity an attractive watchlist item for those eyeing its TASE delisting and the initiation of trading on NASDAQ.
H
by jonah_garber
Netflix: Double top pattern completeNetflix - Intraday - We look to Sell at 642 (stop at 665.4) Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. The formation has a measured move target of 583.5. Our profit targets will be 583.5 and 563.5 Resistance: 642 / 658 / 700 Support: 617 / 600 / 563 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXShort
by Saxo