The Boeing Company ( $BA ) broke above 143 resistance level thus confirming technical reversal... chart >> https://www.traderhr.com/the-boeing-company-ba-confirmed-trend-reversal/
Minerva Neurosciences, Inc. (NERV) — watch for a possible new wave in the coming week if the price breaks out of a bull pennant.
Tesla, Inc. ( $TSLA ) reached strong support in the 210 area and could bounce in the coming days, with potential swing trade entry above 227. https://www.traderhr.com/chart-anal...a-short-term-outlook-swing-trade-possibility/
Netflix, Inc. (NFLX) -- watch for a potential breakout from an ascending triangle chart pattern above 452 area.
Oracle Corporation (ORCL) approaching a potential breakout point, after multi-week consolidation in descending triangle chart pattern. https://www.traderhr.com/free-trade-ideas/oracle-corporation-orcl/
The chart for SIMO shows a technical setup indicating a potential breakout. Here’s a detailed analysis: Current Price: SIMO is trading at 82.71. Chart Pattern: The chart reveals a descending triangle pattern with the price approaching the breakout point at 84.1, suggesting a potential bullish breakout. Indicators: Bollinger Bands (BB): The stock is near the upper Bollinger Band, indicating a bullish trend. Volume: There is an increase in volume as the price approaches the breakout level, suggesting growing buying interest. Simple Moving Averages (SMA): The 50-day SMA is trending upwards, further indicating a bullish sentiment. Trading Strategy: Entry Point: Enter the trade if the stock breaks above the 84.1 level. Targets: T1: 85.9 (Exit 25%, move stop loss to breakeven) T2: 88.9 (Exit 50%, move stop loss to T1 level) T3: 91.5 (Exit remaining 25%) Stop Loss: Set at 81.4 to manage risk. Risk Management: The strategy emphasizes gradual exits and adjusting stop losses to secure profits and minimize potential losses. Overall, the chart suggests a potential bullish breakout, supported by volume trends and moving averages, with a well-defined strategy for entering and exiting the trade.
