• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to...
Primary Chart: AVAX's rally from August 29, 2022, to September 12, 2022 Appears Corrective It appears that the downtrend in AVAX's price has resumed. But one need not speculate based solely on the recent days of selling. Price charts for AVAX have left plenty of evidence to show where price may go next. First, it's important to define the overall trend. The...
• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal...
• MSFT just hit our target at $228, as it did exactly what we expected since our previous public analysis on it, almost a month ago (the link is below this post, as usual); • Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible; • The problem is that any bounce...
• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support...
• The index hit our resistance at the 21 ema, and it couldn’t break it; • On the other hand, the 3,818 is a key support area, which is preventing a further drop to the 3,744 (next technical support level, green line); • As long as the index remains between these two key points, it’ll be in a “no man’s land”, moving erratically while we don’t see any good technical...
• The SPX is trying to recover this morning, but it has yet to break its major resistance area in order to reverse the bearish sentiment; • Together, the 21 ema and the green line at 3,911 make a dual-resistance level on the index, and only if it breaks this price area it’ll have some chance of reversing; • Any top sign under this resistance level might indicate a...
• The index is correcting this morning, trying to frustrate yesterday’s bullish reaction; • If it drops to the point of filling the previous gap at 3,790, the index will lose momentum, and it might be hard for it to recover again; • In theory, the SPX has more upside left, at least to retest its 21 ema, or maybe the 3,911 again, but if it frustrates yesterday’s...
• TSLA is going up nicely, as we expected since our previous analysis on it. We nailed the bottom at $110, and now it seems it is just heading to the next resistance at $126 (the link to my previous analysis is below this post, as usual); • In the 1h chart, we see that TSLA corrected since it hit $123. This is acceptable, but it must not too much from here,...
• It seems the SPX wants to react today, but as long as it stays under the 3,818, the bearish sentiment will persist; • In order to avoid a bearish continuation it is important to see the index reacting and closing above the 3,818 today. In this scenario, the next resistance is around 3,911, as evidenced on the chart above; • What’s more, the index is trading...
• AAPL looks extremely bearish, doing a new low this year; • In the weekly chart, we see that the $128.65 was a key support level from June, which AAPL completely ignored yesterday; • The next technical support is at $121, and in theory, AAPL is supposed to get there – if we don’t see a very good reaction rejecting the bearish sentiment; • What could be a good...
• The SPX is reacting today, but it is not an amazing reaction yet; • The fact it is holding above our support at 3,818 is interesting, but it has yet to break its key resistances in order to reverse the bearish sentiment; • As mentioned in our previous post (link below this analysis), the 3,911 is the main resistance, which is close to the 21 ema in the daily...
• TSLA hit our target at $110, as we discussed in our previous analysis, last week (link below this post, as usual); • Today, it seems we have some reaction, which is expected. It is very rare to see TSLA dropping 7 days in a row (actual drops, not only bear candlesticks). To be honest, I don’t recall seeing 7 drops in a row on TSLA. If this ever occurred, must be...
• AMD is trading at a key support level, around the 61.8% Fibonacci’s Retracement; • In addition, last week, it filled a previous gap at $63.05. This gap is another support level for AMD’s price; • What’s next? Keep in mind, it is still a mid-term bear trend, as AMD is still doing lower highs/lows and it is below the 21 ema. If it loses the $63.05, it’ll just...
• NVDA did exactly as we expected since my previous analysis on it, as it lost our dual support level, and it hit our target at $150 (the link to my previous post is below this analysis, as usual); • Now, NVDA is in bearish territory, as it did a lower high/low, and it is trading below the 21 ema; • In order to reverse this bearish sentiment, NVDA must do a clear...
• AAPL is stabilizing, and now it seems it wants to bounce. This is expected, since it dropped sharply recently; • Since it lost our previous support at $134 (which I mentioned in our last study – link below this post), I was expecting that AAPL would seek the $128, the next support level, but the bears could only take it to the $129s; • Although this is a bottom...
• The index is reacting above our support level, as expected, and it seems it wants to bounce; • A reaction was already expected, since the SPX just filled our gap; • This is a bottom sign, but the main trend is still bearish. The SPX must break its 21 ema again, in order to resume the bullish sentiment; • In addition, the 3,911 is another key resistance – the...
• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual); • Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744; • So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish...