Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here.
First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on.
What’s more, we...
LYNAS is a company that has recently come under my radar for a potential trade and upon investigation is becoming a perfect candidate for both Fundamental and Technical traders. For both styles of trading it shows very polarising stories. From a Fundamental perspective there is a long term bullish potential however from a Technical standpoint a short bearish turn...
D1 : Recent price action is showing a potential trend reversal in progress (below MBB)
W1 : Dark cloud cover in progress (to be confirmed on a weekly closing basis)
M1 : Dojipattern in progress which should also be confirmed on monthly closing on Friday
AAPL printed a dark cloud cover candle stick formation after todays trading. The last time a dark cloud was formed back in October, lead to a 3 week pullback to the red higher-lows trendline indicated on the chart.
Just an observation, but I'm eyeing the 125 level by eom January. I see this level more significant than the 129.
Let me know your thoughts!!!
Hello traders and investors! Let’s study NIO today!
As we discussed in my last analysis (link below, if you missed it), the g reen line at $ 43.83 is an important support level , and it is still holding the price. This makes this support quite strong, and as far as I know, the Risk/Reward ratio is usually very good near support levels.
We have a new pivot...
Hello traders and investors! Let’s do a complete Multi Time Frame Analysis on Palantir today!
Yes, PLTR defeated its first challenge in order to reverse the bearish momentum seen in the hourly chart: It defeated the purple trendline we discussed yesterday. Now, there are still some challenges, and we’ll talk about them here. And if you missed my previous...
Hello traders and investors! NIO is dropping today, let’s see what to do next.
As we discussed in my last analysis, NIO has a support at the green line ($ 45.28), and now, the 21 ema is there to hold the price as well. The link to my previous analysis is below, as usual. At this point, the price attracts buyers, who are willing to buy near a support level, as...
Hello traders and investors! I usually do a lot of analyses regarding TSLA and NIO, so how about a XPEV analysis for a change? Let’s see what we can find here.
First, the daily chart is looking impressive! We have two open gaps here: One Breakaway Gap , which defeated the black line at $ 23.10 (previous top/resistance), and another gap, which we still don’t...
JSE:CPI formed a dark cloud cover candle pattern a few days back which is a possible reversal signal. The MACD and the Stochastic both seem to be on their way down as well which could serve as confirmation for a downward move. I will wait for it to break the previous support level and then consider a short position.
Hello traders and investors! As it is Friday, let’s do our usual Multi Time Frame Analysis (MTFA) and try to understand what’s going on with the market.
Today the index is falling sharply, and it is losing its support around the red line. Also, it is triggering a bearish pivot , resuming the bear trend and making SPX seek further supports, which short sellers...
Hello traders and investors! It is Friday, and as usual, let’s do our Multi Time Frame Analysis (MTFA) on SPX, starting with the hourly chart!
The momentum is still bearish for the index, but the support around the red line (3329) is holding the price pretty well. But SPX is doing descending top, meaning the buyers are not strong enough to keep the prices...
''SELL MARKET ORDER''
bearish hidden divergence
This pattern happens to be a Dark Cloud Cover on the daily timeframe:
Good luck to all trading this pair!
Hello traders and investors! Let’s see how SPX is doing in this Multi Time Frame Analysis (MTFA)! This could be a bull or a bear trap, and here are the most important points to keep in mind.
We see a Dark Cloud Cover candlestick pattern under the 21 ema in the hourly chart. This is a bearish sign, and today’s rally could be just a short rally to its...
Hello traders and investors! As its Friday, let’s do our usual Multi Time Frame Analysis (MTFA) on Tesla! It did a phenomenal movement today, just when everybody thought it would finally drop!
The situation is more complex than usual. The hourly chart is still bearish , and today’s movement could be just a pullback to the 21 ema, which is pointing downwards,...
Hello trader and investors! So, Tesla is doing a pullback today! This is perfectly normal and acceptable and shouldn’t scare anyone here! But when should we start to worry? When a pullback isn’t acceptable anymore? Let’s see about it.
Right now, this pullback is very weak, because it didn’t even hit the 21 ema. Also, Tesla has other supports, like the black line...