Failing bull flag on AMD, not retesting 0.5fib level and around 50SMA. Potential to get down to $83-84. Looks weak
Will it bounce higher here? Or will we break through?
Will watch out for this on breakout, Continuation to new ATH possibly
NASDAQ:NVDA NVDA on the daily chart appears to have formed a flat top triangle with the trendlines drawn onto the chart. Price appears to be falling outside the ascending support line before upcoming earnings. Will NVDA rise to regain support or breakdown further?
The usual way I publish my public ideas is daily updates on ES and weekly updates on NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:AMD , and NASDAQ:NVDA . Starting this weekend, I am going to publish performance reviews on these updates. Note that in these posts, my goal is not to update the counts, but only to compare the expectations vs reality. Updates to the counts...
We are still LONG TERM Bearish on SPY, crypto and basically most equities.. including popular mining stocks. The way we see SPY is that first we have formed a classic Head & Shoulder pattern with a Faux breakout to the downside before the rally then the drop of the new low Looking at structure a couple ways we need to sell down much more to complete the H&S...
Today we have ZM (ZOOM) on the daily chart With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM. We offered a bullish outlook that would have an inverse Head & Shoulders forming However to complete the right shoulder we would still need to sell down into the low High 90s We do have...
AMEX:SOXS Reports are the semiconductor secotr is presently challenged with rising costs and lower production orders. SOXS is in a flat bottom triangle with price now at its base. The RSI Oscillator is in mid-range suggesting price has upside. The relative volume has been increased in the past two weeks. I see this as a swing long setup with the target...
NVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to...
NASDAQ:AAPL chart www.tradingview.com Enter calls > 168.71 watch for reversal off gap or this level for puts PT1 = 169.86 PT2 = 171.52 Puts < 166.65 for gap fill down. Watch for reversal here. PT d165 PT w163 NASDAQ:AMD chart www.tradingview.com Calls 95c - 99c > 94.44 PT1 95.02 PT2 99.25 Puts 90p < 92.11 PT1 90.56 88.59 I am still swinging the 85p...
We are looking for continuation on the swings we entered on 8/22. If there are any reversals to the upside, be sure to secure put profits and take calls NASDAQ:AAPL chart www.tradingview.com AAPL Enter calls > 169.86 watch for reversal off gap or this level for puts AAPL Enter puts < 167.14 for gap fill down. Watch for reversal here. PT 165 PT 163 ...
It's high time we accept the new reality of the inverted reality. The week of July 25th was perhaps one of the most volatile in a long time. Why? We had CPI report, earnings, and Fed Rate Hike. What did volatility indecies like UVXY do? They sold off. It doesn't take too much logic and common sense to see something egregiously fraudulent is taking place when...
NASDAQ:AMD AMD has got a couple inside candles on the weekly. With Fridays close in the red we have a 22 Reversal AND looking for a revstrat on the weekly to the downside. Could go green but I like it short. Call swing idea: 101c > 99.25 - if price reverses here then grab 95p Put Swing Idea: 94p < 94.59 to swing for 8/26 85p to swing for 9/2 or even 9/16 - buy...
Neutral analysis of $AMD showing a Fib retracement from its pre-pandemic high of 59 to its all time high of 146. Notice how technically significant the 0.618 and 0.786 retracement levels have proved to be for support and resistance. $99.45 = .618 $81.78 = .786 This checks out fundamentally as well. $100 and $80 are psychological levels to buy and sell at (0.382...
If AMD can hold this level, it could go retest the 100 level. Now at horizontal support and EMA21 level. RSI in Oversold area. ATR is quite large so the R:R is not so good at the moment. Might also retrace to the 50EMA below. If the price hovers around the current area will consider longer term swings off the current prices, although I'll be looking to trade the...
Narrowing channel between 21EMA and 200EMA creating a pattern on 1D. Horizontal resistance also at play. need to break with strong volume and maintain the EMA200 1D as support for trend reversal confirmation
NYSE:WOLF The chart and indicators show the dramatic rise after earnings. The squeeze indicator is rising while the momentum divergence is increasing. What do you think- will WOLF continue on the uptrend or reverse?
$AMD is forming a neutral triangle! the bias would be bullish but if price breaks the bottom trendline it can start a formation of a Head & Shoulders pattern and head down to complete a meaured move to TP2, wait for confirmation! Also mixed news is starting to come in bt more bullish than bearish!