Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
20 Jan 2025Some top-performing stocks are challenging crucial Fibonacci retracement resistance levels, signaling potential bullish momentum. Let's dive into the analysis.
$LITE is on fire, trading at $94.41 and well above its 61.8% retracement level of $75.72. With volume spiking to 1.87M, surpassing its average of 1.49M, and an RSI of 63.82, Lumentum shows strong signs of continued upward momentum. A bullish candlestick close would confirm further gains.
$NET Cloudflare is also flexing its strength at $117.16, pushing past its key resistance of $98.36. Trading volume of 2.66M (just above its 2.55M average) and an RSI of 62.94 suggest bulls are firmly in control. If the volume holds steady, more upside could be on the horizon.
$GS has been unstoppable, reaching $625.94 and comfortably breaking above its $555.20 retracement level. With volume surging to 2.82M compared to its 2.06M average and an RSI of 68.12 nearing overbought territory, Goldman Sachs appears primed for further gains. Traders should watch for a bullish engulfing candlestick pattern as a signal for continued upward movement.
$MS is climbing to $137.87 and surpassing its 61.8% level of $124.44. The impressive volume of 9.14M against an average of 6.51M, combined with an RSI of 68.76, signals strong buying pressure. A pullback could provide an ideal entry point for those looking to ride the bullish trend.
Finally, $COIN is grabbing attention, surging to $295.48 and breaking its $242.00 resistance level. With a volume of 10.39M against a 9.29M average, Coinbase’s bullish momentum looks solid. Its RSI of 56.21 indicates room for further growth, and sustained volume could confirm a breakout to new highs.
These Fibonacci retracement levels are critical inflection points for traders, and the combination of rising volume and strong RSI across these stocks points to promising setups. While the momentum is exciting, patience is key—wait for confirmation in price action and use proper risk management to optimize your trades.
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January 17, 2025 01:51 PM
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Please note that the content above should not be considered as investment advice or marketing. It does not take into account the personal data and requirements of any individual. This content is not a substitute for the reader's own judgment and should not be considered as advice or a recommendation for buying or selling any securities or financial products.
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The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
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