Here's a neat little POTENTIAL setup.
I added a projection line.
I probably shouldn't have added a projection line.
It will probably make me look stupid in a few months to a year.
Or maybe even right now.
Depends if you like my charts or not.
Or have just recently followed.
This chart is a little more longer term.
Do I think NVDA crashes some 32% to $620...
Hello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2022 Intel broke a massive previous support level at the $45 area towards the downside. This break was followed by a drop of roughly -50%. With a perfect retest of a very long term structure level, this recent pump on Intel was quite anticipated. If Intel pulls...
Hello Traders, welcome to today's analysis of Tesla.
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Very particular price move. It trades within a channel for months, breaks up and then goes back to the bottom of the channel. Looks like is going to do it again. I bough some puts expiring on the 28th, I don't think the market is going to crash soon, but it's a way to cover all my longs in short term. I don't mind if it expires out of the money. I'm very long on...
Apparently AMD is forming a double top. Still has to break down the neck line to confirm but those two big red candles show weakness in the buyers. Don't get caught up in this AI fever. It will end and very soon.
MCHP LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: MCHP - Microchip Technology Inc
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Last High - Resistance @ 88.98
Resistance @ 87.69
Pivot Point Yearly @ 80.36
Resistance becomes Support @ 77.00
Support @ 73.64
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If we have microchip shortage on our mind, then this dip will be good if we look for buy set up in the target area with momentum that will be good.
On monthly chart AMD gives us Rising wedge so we need to be careful in that aspect, but overall AMD is new growth company with interesting growth forecast.
Thank you for reading, any comment are welcome. :)
NASDAQ:AMD
Bullish pennant, tk cross, and kumo twist. RSI is looking ready for an uptrend as well. price has confirmed uptrend by passing cloud. Buy some shares and watch it closely on larger time frames to ensure its good to hold
Microchip Technology Inc. (NASDAQ: MCHP) is at a Critical Make-Or-Break Point right now which is around 92 Zone . If it continues to lose momentum and manage to close decisively below this zone on 1 Hour Basis, then we may see a good Down Side as per TTC Breakout Formation .
For Short-term targets, Trader should eye on 90.70 Zone . Then 89.30 is the next...
