Hello traders and investors! The SPX did exactly as we planned in our last analysis, and now we are just bouncing back up again. The link to my previous public analysis is below this post, as usual. We are in a strong bullish momentum, but hardly it’ll keep going up without a pullback , and the 21 ema is there to support the price, along with the 4,322. The...
Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something...
RSI oversold on daily chart falling wedge Huge down gap
Greetings everyone, (Key Takeaways) - (MONTHLY TIMEFRAME) This $SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market. Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths. Easy to say we are a bit over-extended? The smallest white trendline...
NYSE:K daily long setup: Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive. Buy taking out Friday's high at 64.57 Stop Loss under double bottom at 62.41 Profit Target 72.78 Risk/Reward 3.8
Hello traders and investors! Let’s see how the index is doing today! Will it crash this time? We’ll see. Yes, we are finally doing a lower high/low in the 1h chart, which was the main condition for us to see a pullback in the mid-term. However, the movement is quite slow, and there’s still time for a bullish reaction around, so, we need to be careful here. But...
Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study in multiple time frames (H, D and W). First, in the 1h chart, the momentum is clearly bearish, and it is quite strong. We have two Breakaway Gaps, lower highs/lows, the 21 ema is pointing down and at any moment, we could close above it, since the beginning of the sell-off. We...
Yes, AMC has been dropping without a rest, and it break the support we were looking in our last study. But is there any hope for it now? The truth is, it is a bear trend, and the only thing that will make change my mind is the 37.39. If AMC breaks this point, then fine, I’ll assume it will bounce back to the 50. One thing that is nice to notice is the divergence...
Hello traders and investors! Let’s take a look at SPCE today! Yes, SPCE is dropping sharply, we have no reversal sign around, and there’s nothing telling us it’ll stop dropping. However, we have some key points to keep in mind. Since we lost the 21 ema and the gap area (yellow square), which was indeed an Exhaustion Gap , I think we can work with...
Hello traders and investors! Let’s take a look at Tesla today! Despite the drop, TSLA just did a pullback to its 21 ema in the hourly chart, no big deal. The problem would be if it loses this 21 ema, as the next support level will be the gap area, around the $ 658 , which is also the red line at previous top . Tesla must react quickly in order to avoid this...
Hello traders and investors! Let’s see how PLTR is doing today! Let’s do a complete Multiple Time Frame Analysis (MTFA) on it. First, in the 1h chart, PLTR triggered the H&S chart pattern that made it drop to the support at $ 22.35 (red line). This movement was quite bearish, but there are some interesting points to keep in mind. It has two open gaps ,...
GOOGL set to GAP Fill back to the 2525-2530 area
Ok, didn’t trigger any good buy recently, and it is just falling to its supports. It lost all the Fibs retracements we talked about last week (but they did work pretty well for some time), and now it seems all is red for NIO. The good news is that the RSI is very oversold, meaning we might see a rally tomorrow to the 48. The problem is that we aren’t near any...
This small cap gem should be a fun one for swing traders as the asset has nicely put in higher lows and higher highs in price for the last 15 months or so. And now at this moment it has 2 nice bullish setups going for it: 1) support at its $31 dollar level where there is also the 21 MA just below it as well. 2) a giant crater of a gap that needs to be filled still...
Hello traders and investors! As you asked, I’ll look at PLTR again this week! Some people are getting nervous about it, so, let’s talk about it. We'll do a complete Multi Time Frame Analysis (MTFA) today. First, as some of you pointed out, yes, we have a H&S pattern in the 1h chart, which was triggered, and it already hit its technical target, at $ 24.52...
NYSE:WM had a beautiful gap up today which broke out of the months long flag pattern. It looks very healthy and I expect it to continue up to all new highs.
PLUG had an major pullback, but it seems the regression trend is over and the long trend already started strong. The fundamentals are stable and the risk/reward looks pretty good for a long position. Lets fill the gap!