I wrote “shift in sentiment” not change in trend. This is a significant distinction because the last major bottom and change in trend point is at $70.07. Between the current price around $112.00 and that bottom are many potential targets including retracement zones at $104.04 – $102.09 and $95.79 – $93.91. Minor bottoms include $90.33, $86.43 and $73.84.The retracement zones represent price areas that could be successfully tested if investors think they represent value. The minor bottoms are actual levels t ...

Group 1 - The 50-day moving average has been reclaimed as support, indicating a potential trend reversal for the asset, with a current value of $58.71 [1] - A bounce off the 50-day moving average suggests that the previous resistance is now acting as support, which is a positive sign for future price movements [1] - The first pullback to test prior resistance as support is anticipated, following the confirmation of the breakout [1] Group 2 - Strong bullish momentum in crude oil has led to a breakout above a key resistance level at $60.56, indicating a bullish trend reversal [2] - A daily close above $59.00 will confirm the trend reversal signal, marking the second reversal signal based on market structure [2] - The bullish trend is supported by the successful exceedance of a 100% projected target for a rising ABCD pattern at $60.77 [2] Group 3 - Crude oil is projected to rise towards long-term resistance levels, with initial targets clustered around $62.65, which is the 200-day average [3] - Additional targets include a 50% retracement level at $63.15 and a minimum target for the double bottom pattern around $63.00 [3] - The 161.8% projection of the rising ABCD pattern points to a target of $63.24, while a 127.2% Fibonacci ABCD projection is at $61.86 [3]

Core Viewpoint - Semtech (SMTC) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 50-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 50-day simple moving average is a key indicator used by traders and analysts to identify support or resistance levels, and it is particularly important as it marks the initial sign of an up or down trend [2]. - SMTC has experienced a 13.5% increase over the last four weeks, suggesting it may be on the verge of another rally [2]. Earnings Estimates - Positive earnings estimate revisions strengthen the bullish case for SMTC, with 7 upward revisions compared to none lower for the current fiscal year, and the consensus estimate has also increased [3]. - The combination of favorable earnings estimate revisions and the achievement of a key technical level positions SMTC as a stock to watch for potential gains in the near future [3].

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Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of complex financial instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information does not constitute a recommendation or advice for any financial actions, including investments or purchases [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to exercise their own discretion [1]. Group 2 - The website discusses the high risks associated with cryptocurrencies and CFDs, noting that they are complex instruments with a significant potential for financial loss [1]. - It encourages users to conduct thorough research before making investment decisions and to fully understand the workings and risks of any financial instruments [1].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in relation to investments and financial instruments [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research before making investment decisions, especially regarding instruments they do not fully understand [1].

Core Insights - The recent close above the 10-day average at $3,978 indicates improving short-term demand and suggests a potential move towards the 20-day average at $4,082 [1] - The 20-day average has been trading sideways, and a rally towards $4,082 may face selling pressure, which could lead to a bearish reversal [2] - A drop below the recent low of $3,974 would indicate weakness, targeting lower levels at $3,929 and $3,886 [3] Support and Resistance Levels - The 50% retracement level at $3,846 aligns with the 50-day average and the $3,886 zone, indicating a potential bounce area [4] - The 50-day average has not been tested as support since mid-August, and a pullback to this level is anticipated as a healthy development for the bullish trend [5] - Short-term strength supports a move towards the $4,082 level, but failure to hold above $3,974 could lead to a decline towards $3,929–$3,886, with the $3,846–$3,878 zone being a high-probability bounce area [6]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article states that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and publications, personal analysis, and opinions intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The website does not take into account individual financial situations or needs when presenting information [1] Group 2 - The article mentions that the information may not be provided in real-time and may not be accurate [1] - It states that prices may be provided by market makers rather than exchanges [1] - The company disclaims any responsibility for trading losses incurred as a result of using the information on the website [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research before making investment decisions, particularly regarding instruments they do not fully understand [1].