Possible double bottom here forming around the level 2 fib. Use a stoploss please. *this is not financial advice*
As we can see we had a reversal break below the rising wedge, short profit targets are the 1.272 fib and 1.618 fib. *This is NOT financial advice* USE A STOPLOSS PLEASE
As we can see there is a possible double bottom forming here. Profit targets are as shown. *this is not financial advice* Use a stoploss please
If support here holds at the .786 fib (light blue line) NVDA will see new ATH. Profit targets are as listed. Use a stoploss please. Also - May is historically good for semiconductors. Bullish! *this is not financial advice* please use a stoploss.
double top is facing rejection with the current triple bottom forming... profit target is 185. *This is not financial advice*
Scenario 1: M top, we'll go to $40 Scenario 2: stay in wedge until bullish breakout. Scenario 3: stay in wedge until bearish breakout, goes to $40 feeling bearish on it. *this is not financial advice*
Updated idea model with redrawn support lines. Should bounce here, if not i'm buying more shares at 32 and 24 if it gets that low.
Excellent buying opportunity at $26 for RDDT *This is not financial advice*
Normally don't use exponential moving averages but assuming the past holds true this might work. Granted, the interest rate/inflationary/political climate is much different now than in 2021 so price action may not act the same but all else held constant I think we could possibly bounce off this level.
Massive head and shoulders forming. We are literally 5 points away from bottom here, there is literally no down side. If this fulfills it is an EASY play
As we can see we had a bearish break below the wedge/flag. This is indeed a reversal indicator. We can see this pulling back to either the 1.272 or the 1.618 fibs. Great DCA levels.
My bear case scenario for VSCO has the stock dropping to about $5 before heading higher. I will say current price is finding some support (horizontal green dotted line) which if it holds can cause a wedge to form sending us higher. That being said, I dont think the drop is done. If you are going to buy at these levels it is not a bad idea, but dont go all in and...
Potential bullflag breakout on the daily as well as confluence with an MACD bullish crossover on the daily chart. I'd buy some options here.
As we can see before a big spike in vix we have a consistent historical pattern of getting wedged. We recently broke out of a major wedge hinting that we may be in for some high volatility.
Could maintain this expanding megaphone structure and touch bottom before heading higher. This would have confluence with a bounce off the 1.618 fib.
Lines up with the 1.618 fib which can act as major support on falling price action. Solid long entry IMO, time will tell.
If AMD and NVDA correct, this is the likely the worst-case bear case scenario for AMD. I have a feeling this is just a much needed pull back but this is just my bear-case analysis. Per @novamatic, the 1.618 fib acts as a "knife-catching" magnet. Using that along with the confluence from historic support, we can assume that will be the "bottom" on the correction.
I can see Disney pulling back to support (upper line of parallel channel) creating confluence with the .236 fib. Wouldn't play this short but would 100% take a long at around that price range ($88-$90).