2023 March
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AMD Targeting $95.00
- March 1, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
No CommentsAdvanced Micro Devices (AMD) are trading within a Channel Up pattern since the October 13 Low and is about to form a 1D Golden Cross. The 0.5 Fibonacci retracement level is exactly on the 1W MA100 (red trend-line) and we set a medium-term term target on it at $95.00. We expect every closing above each
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ELI LILLY on the best buy opportunity of the year!
- March 1, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
Eli Lilly and Company (LLY) has been trading within a Channel Up pattern since the October 30 2020 low exactly on the 1W MA100 (red trend-line). As the 1D RSI turned oversold below the 30.00 barrier, while the price touched the bottom (Higher Lows trend-line) of the Channel Up, it has filled all conditions for
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S&P500 Bottom by tomorrow, slow 2-week recovery after.
- March 1, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High. Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19