If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops). Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us. The problem is the RSI in...
Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one. For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The...
Hello traders and investors! Let’s talk about PLTR today! First, as we discussed in our last analysis, PLTR did a nice reversal, and we have a crystal-clear bull trend , made by higher highs/lows. The purple trendline is working very well as a support level, along with the 21 ema. Pullbacks to these points should be seen as opportunities to buy . The link to...
Hello traders and investors! Let’s see how NIO is doing today! First, NIO filled all the gaps we talked about last week, and it hit our target in the 1h chart , and it is trading above it right now. This movement was expected, but now NIO is close to our target in the daily chart, so, we must be careful. The link to our previous study is below this...
Bitcoin is at the threshold. In the triangle pattern, if bitcoin is not able to break through $43k then another scenario Bitcoin is forced down to cover the gap in the $25k area. This can also be proven with the Fib Wedge. Everyone will do an instant sell to cover the gap, if it is closed it will quickly bounce back to the $35k area. After the scenario is...
Nice bounce off the 200 day MA with an upside gap fill target.
NYSE:GPS fired off a bullish signal this morning at a support level that fit my rules for a long trade entry. I'll be watching this closely through the week as the stock has Earnings on 5/27 which can be a maker or breaker of a great trade.
Ok traders, nothing changed too much since our last analysis, but we do have something new. In the 30min we have an advanced breakdown on Nasdaq100, but the price didn't confirm anything yet. The points are the same: the 13614 and 13734. We must see the index breaking one of these two points. Now, if it confirms the advanced breakdown, by breaking the 13614, the...
Hello traders and investors! Let’s see how the SPX is doing today! The 1h chart has a strong support level around the two black lines and the 21 ema, but it has a purple trendline as a resistance for the price. Therefore, we can say that the index is being squeezed inside a trap zone , and it could break to any direction. If it breaks downwards, it might seek...
Hello traders and investors! Let’s see how PLTR is doing today! We have a solid bull trend in the 1h chart, as we have higher highs/lows , and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our bullish thesis, since our last analysis, last week...
GME is solidly hitting its fibonacci bands. However, be cautious about gap-ups. While they are bullish signs, GME has retraced every gap-up. Some of the more substantial gap-ups have seen days with -50% only recover within the trading day. Enjoy the volatility and be careful.
Hello traders and investors! Let’s see how Tesla is doing today! It seems we are working with the second scenario we discussed about last week. First, in the 1h chart, Tesla is engaged in a bull trend, as it is doing higher highs/lows , it is above the 21 ema, and it seems it founds a support there every time it drops. Tesla has some gaps (yellow squares)...
Hello traders and investors! Let’s see how NIO is doing today! We have some interesting movements around, and we’ll talk about them. First, in the 1h chart, it triggered the pivot point we’ve been talking about, at $ 34.77, and now it is just heading to the next resistance, at $ 38.02. It is interesting to notice that we have some gaps (yellow squares) above...
Decided to post something else today. There is liquidity sat above, but today I am looking at the gaps that have been left these last few trading days. I like it when the gap gets filled quite early on, yes it is frustrating if you get suckered into a move only to see it reverse but if you get a gap and go, there is always the worry that the trend never really...
There is is. IF this pulls us back up it could then lead to consolidation above the 200 daily MA. Let's see what happens....
Ok, AAPL did a pullback, as we expected, now what we should focus in how much there's left to drop. I'm focusing in this gap at 124.78, but looks like the stock is trying to form a bottom already. The problem is that we have no reversal, neither buy sign around, but the 126.08 is quite interesting, as it was resistance twice today. This the point we must see AAPL...
Nio is doing some bearish patterns around, and it must do a very good movement on Monday if it wants to go up next week. We have a head and shoulders, that wasn't triggered yet, so there's still hope for Nio. But, what if it triggers? Then the gap at 33.44 will be the target, probably. We also have the 32.61 as a second target, but I don't know if there's any...
Just updating before the US session gets going. We have Flash PMI data today, so probably going to get a bit of movement. There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of...