Reasons for bullish bias: - Price break through recent resistance level - Formation of C & H pattern - No diversion EP: 69.29 SL: 55.32 TP1: 83.26
I get a lot of questions about TSLA, and I can tell that many of you are eager to buy this TSLA dip. However, I'm seeing a lot of bearish signs for TSLA and I don't think there will be a buy opportunity any time soon. The green support level has flipped into resistance, and TSLA is forming a strong move down this week. I have $164.76 as a key price target for a...
AMEX:SPY has reached 127.2 Fib Retracement since the bear market lows 2022
NYSE:CVX has lost support at the light blue resistance line, and this light blue trendline has flipped into resistance. CVX is trading above a yellow support level at $131.47. There is neutral price action here, and I think CVX doesn't have a clear direction for now. I would look for buy opportunities at or below the yellow trendline if CVX starts trending down,...
NRDS had a very impressive rally from the buy zone up to the red resistance line. There has been a lot of shady price action along the way, and I think NRDS is an extremely manipulated stock with insider trading. Some of the older members will remember the price suddenly dropping from $9 to $7 and rebounding to $10 within minutes. I think NRDS will continue to...
Verizon Communications has rallied since late October, and some traders may think its uptrend is fading. The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded after the second move. That may suggest improved fundamentals are...
Looking at SHOP, retesting it's previous resistance area. If this market continues on the current upswing, I am expecting this to make up for lost time. Great accumulation from April '22 bottom, looks prime to go off. Let's see.
After NASDAQ:NVDA managed to beat extremely high earnings expectations, I made a post-earnings analysis video discussing how NVDA has the potential to reach this strong resistance level around $940. Just a few short weeks later and NVDA has already risen to this price target. I think this will be extremely strong resistance, and I have concerns that NVDA could...
NASDAQ:TSLA reported quarterly earnings after hours. The initial reaction has been negative but that can sometimes change during the volatility that continues during the conference call and later the next few days. This post will not delve into the fundamentals as a some prior posts have done. After all, markets are presumably efficient and discount all new...
Interesting area. Decisions from these levels tend to be quite binary. We're strong up or strong down. Given we've traded flat on this level for a long time and are in a retest of the previous lows I think it's viable to place really tight stops here. The flat trading could be an accumulation pattern. PLTR may have been accumulating for months.
Hello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: Starting in 2018 Nvidia stock has been trading in an obvious rising channel formation. We had the last retest in August of 2018 which was then followed by a +650% rally towards the upside. Considering that Nvidia is now approaching the upper resistance of the...
I regret investing in MSTR and TSM. But we can focus on now and foregt the past as we have good entries in PYPL, SQ and NIO. Also a quick update on TQQQ that is going according to plan.
Another classic set up that was been constantly rewarding investors long the risk reversal trade. Sector was been showing strength as you go down the cap scale. high and tight holds probably
UNH has been getting wrecked recently due to news, but this is still a powerhouse play when it comes to healthcare. I'm going long here. Not financial advice, good luck to all :)
Meta Platforms ( NASDAQ:META ) experiences a remarkable surge, surpassing the $500 mark once again, as the company unveils its pioneering advancements in generative artificial intelligence (AI), signaling a new era of innovation and engagement within the social media landscape. Meta's Outlook: Meta's adoption of powerful generative AI models for video...
UnitedHealth's share price has fallen sharply in recent weeks. However, it showed a reaction at the support level of $472.12 and has now risen a little. Our expectation is that it is currently working on the magenta wave (Z), the last sub-wave of the green wave (B). As part of this movement, the price should dip below the support level and form a low there. Only...