To The Moon

Hi everyone! Here’s some stocks I have been looking at for the week. (1) MercadoLibre (NASDAQ: MELI) The stock broke down from its ascending channel. However, it found support at the 61.8% Fib retracement level at 1,142.86. The hidden bullish divergence on the daily timeframe continues to be valid, as we are likely forming a higher low here. So long as 1,142.86 holds, I continue to reiterate the next target to be the 1,550-1,601.92 bear gap (refer to Watchlist [13]) followed by the 23.6% Fib retracement at 1,685.04. Sentiment: BUY Bullish PT: 1,550 to 1,601.92 → 1,685.04 Bearish PT: 1,142.86 → 904.41 (2) Apple (NASDAQ: AAPL) After several weeks, AAPL has finally tapped the 38.2% Fib retracement level at 169.94 and is extremely close to its daily 200MA. It is still consolidating in the d

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Abstract: Companies on the $S&P 500(.SPX)$ are expected to report their weakest profit growth in nearly three years.This week, the US stock market's earnings season gained much anticipation. Due to factors such as weak performance, technology sector’s return to fundamentals, high risks of financial institution, and increased corporate debt, market participants are generally bearish about the US stocks.Companies of the $S&P 500(.SPX)$ are expected to report a 6.8% decline in earnings per share in the first quarter, the largest drop since the second quarter of 2020.The latest data from FactSet shows that analysts expect earnings to decline 4.6% in the second quarter and then grow again in the thir

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