ClearValue Team Insights
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BIIB 50% Swing Trade Setup
BIIB is forming a bullish rebound in the buy zone. I think there could be a 50%+ rally towards the yellow trendline over the next few months. TrendSpider’s seasonality index is bullish between May and August. Entry price: SL: Exit price: Biogen Inc. (BIIB) Financials Leqembi’s Growth: Biogen’s Alzheimer’s therapy, Leqembi, has experienced a significant uptick […]Read More
ETH Dips Below the Green Support Zone Again
Yesterday Hong Kong launched BTC and ETH ETFs that completely flopped. There was just a few million in volume, which was much lower than expected. I think this poor ETF launch is one of three reasons why crypto is dropping today. The other two reasons are CZ’s sentencing hearing today, as well as traders bracing […]Read More
BTC Retesting the Bull Pennant Support Level
During the last upswing BTC failed to reach the upper end of the bull pennant. There has been a downswing and BTC is now approaching the bull pennant support line. The price needs to hold above $60k, and there could be some wicks below for the best price entry. I will continue to buy ALTS […]Read More
QQQ Stalling Around $432 Headed Into FOMC
There is also neutral price action for QQQ around $431-432. I think today’s price action will be pretty boring and investors are bracing for some volatility tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Slightly Bearish Headed Into FOMC
The markets are slightly red today as we approach an important FOMC decision tomorrow. I think we are likely to see some sideways price action until the Fed decision. There is a 99%+ chance of another pause, but investors will pay close attention to the Fed’s future guidance tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreEli Lilly (LLY) Weight-Loss Drug Surpasses Expectations
Eli Lilly is experiencing a significant surge following its latest earnings report, which highlighted the impressive performance of its weight-loss drug, Zepbound. On Tuesday, the company’s stock price climbed over 4% to $771.25, reflecting investor enthusiasm for its recent achievements. Zepbound’s sales for the March quarter reached an impressive $517.4 million, surpassing Wall Street’s expectations […]Read More
FOMC’s May Interest Rate Meeting
The Federal Open Market Committee (FOMC) is set to commence its two-day meeting this Tuesday, with a pivotal decision on interest rates expected on Wednesday. Notably, this meeting will not feature an update to the Summary of Economic Projections, commonly known as the “dot plot.” Market participants largely anticipate that the outcome of this meeting […]Read More
ETH Facing Resistance at $3,260.57
ETH had a strong rejection at $3,260.57 over the weekend and has been trending down ever since. I would give ETH some time to rebound and make more attempts to break through the $3,260.57 target. There is a white resistance line that will be an important resistance to monitor not the way up as well. […]Read More
BTC Still Trading in the Bull Pennant Despite 4 Week Downtrend
BTC has been in a 4-week downtrend, but the price remains within the bull pennant. I think this is a healthy correction so far, and I would only be concerned if BTC drops below the green support zone from the bull pennant. For now I think all dips are great buy opportunities for ALTS. TrendSpider’s […]Read More
QQQ Forming a Rejection Within the White Zone
A few days ago I shared my thoughts about how QQQ is likely to form a rejection within the white zone. That scenario is playing out very well here, the price has been trending down so far. There is a key resistance level at $486.58, bears want to keep the price below this important level […]Read More
NVDA Retesting the $118 Resistance Line
NVDA is trading near a key resistance level around $118 in an attempt to flip this resistance into support. I would carefully monitor the price action here since NVDA plays such an important role in the stock market. So far there is a bullish rebound forming, and NVDA bulls want to keep the price above […]Read More
Hang Seng Index Could Rally 200% Higher
China’s Hang Seng Index has formed a bullish breakout in September. The monthly candle looks very bullish, and I think there is still a lot more upside over the next few years. The Hang Seng Index could rally 200% higher, and many Chinese stocks could provide 200-600% returns from current price levels. While Chinese stocks […]Read More