Lithium Americas Corp. (LAC) has shown a bullish breakout above key technical levels. The RSI and moving average crossovers support further gains, with a favourable risk-reward ratio pointing towards a potential uptrend.
Recent technical indicators for Pfizer suggest a bearish bias, with RSI showing potential for a small rebound. Resistance at $29 remains strong, limiting upside potential in the near term. Moving averages and volume trends indicate a lack of significant bullish momentum.
NVDA is consolidating after a strong bullish run, with current indicators pointing towards sideways movement. RSI and volume suggest reduced momentum, but the long-term trend remains intact. Traders should consider buying near the $115 level with a target of $135, capitalising on a favourable risk-reward setup.
Broadcom (AVGO) is nearing key resistance at $180, with the current price at $172.69. A pullback to the 50-day MA at $157.89 is anticipated, offering a more favourable entry point for long positions, with potential upside to $180. Traders are advised to wait for a dip, as the stock faces immediate resistance and may consolidate before making further gains.
Warner Bros. Discovery stock appears to be at a pivotal resistance level. A wait-and-see approach, pending a breakout above key moving averages, is recommended. Analysts are bullish, but technical confirmation is crucial for a favourable risk-adjusted entry.
NVIDIA (NVDA) is showing a bearish reversal with resistance at $121.40 and a bearish engulfing pattern. The RSI is neutral at 55, and the 50-day moving average at $115.85 is a critical support. Technical indicators suggest a possible short-term downside.
Lithium Americas Corp. (LAC) has recently shown signs of a bullish reversal, supported by a 12.86% gain today and a potential double-bottom formation. With the company positioned to benefit from rising demand for lithium, this could be an opportune time for investors to consider long positions.
Lithium Americas Corp. (LAC) is currently in a consolidation phase as investors await clearer signals on future price action. The stock faces resistance at $3.10, with technical and sentiment analysis suggesting a neutral outlook in the near term. Key levels to watch include $2.00 for support and $3.50 for potential upside.
Intel’s stock is showing signs of recovery, driven by strategic investments and improving market sentiment. With a favourable risk-reward ratio and undervalued metrics like the P/B ratio, Intel presents a potential opportunity for medium- to long-term investors. Key levels to watch include $22 as resistance and $18 as support.
Introduction As of mid-September 2024, the US stock market, represented by the S&P 500, remains a key focal point for investors assessing the risk of a potential market correction. A market correction is defined as a drop of 10% or more from recent highs, and this possibility has become a concern amid high valuations, economic uncertainty, and fluctuating monetary policy. The attached chart of the S&P 500 (US500) as of……
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