TRIMBLE INC (TRMB) POTENTIAL LONG OPPORTUNITY
What's up everybody! Hope you are having an amazing evening! Seriously a pleasure and blessing to be able to come on here and share with you all! YES...this is what I do with my Saturday evenings lol...wouldn't trade it for anything...no pun intended. But anyways aside from the bad jokes I wanted to come on here and make a post on a potential stock setup I am seeing on Trimble a tech company that is apart of the S&P 500 and share some insight on why I potentially seeing this next move being to the upside for this tech giant! So let's dive in!
OK so when looking at this chart you can see that a significant shift happened back in December of 2023 (last year). You can see prices were at a pivotal moment to either continuing the bearish trend creating lower highs and lower lows OR shifting to a demand driven (buyer) driven market which is what we ended up seeing! SO based on this and the fact that the momentum of the buyers were very strong when making the new high showing strong interest...I am looking for now a potential higher low to be formed (which is a technical trait of an upward or buyer trend) and then a continuation to the upside to further supply zones or even making new highs in this new daily demand driven market. Because now being in a bullish market we can expect a new HIGHER HIGH which is also a physical technical trait of a buyers market. They buy up price...demand exceeds supply...and drives prices of this companies stock higher!
ALSO you can see some technical confluence with the Fibonacci retracement indicator as well with our strong demand level adding confluence to our entry zone.
Hope this post provided some value to you guys! Please boost this post and follow my page for more accurate analysis! Cheers!
OK so when looking at this chart you can see that a significant shift happened back in December of 2023 (last year). You can see prices were at a pivotal moment to either continuing the bearish trend creating lower highs and lower lows OR shifting to a demand driven (buyer) driven market which is what we ended up seeing! SO based on this and the fact that the momentum of the buyers were very strong when making the new high showing strong interest...I am looking for now a potential higher low to be formed (which is a technical trait of an upward or buyer trend) and then a continuation to the upside to further supply zones or even making new highs in this new daily demand driven market. Because now being in a bullish market we can expect a new HIGHER HIGH which is also a physical technical trait of a buyers market. They buy up price...demand exceeds supply...and drives prices of this companies stock higher!
ALSO you can see some technical confluence with the Fibonacci retracement indicator as well with our strong demand level adding confluence to our entry zone.
Hope this post provided some value to you guys! Please boost this post and follow my page for more accurate analysis! Cheers!
Nota
coming closer to zone!Dagangan aktif
starting to see reactions from DemandDagangan ditutup: sasaran tercapai
Partial profits were taken on this stock having reaction to demand! Cheers!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.