Like many stocks forming a base right now, NVDA is also a victim of false breakups and wild gyrations recently. One may wait to test the next breakup (again) or alternatively, "buy the dips". However we before we buy a dip, we want to check that the bullish bias for the stock is still intact, which is the case for NVDA right now: 1. pullback was within 38.2%...
The semicons have been rising quite steadily since hitting the lows in mid October. NVDA has risen 63% from it's low in October and is now flirting with the 200 day Moving Average and a neckline resistence. Last Friday's candle was an inverted hammer which suggests it could consolidate below the neckline for a while more. With overall market momentum lacking, we...
A potential inverse head and shoulders pattern on the chart (not the prettiest, but whatever) and on the RSI as a possible sign of a reversal. Let's see if price can rise above the neckline around 415 HUF, if so: Buy in: above ~415 HUF TP: 433 HUF Time interval ~1-3weeks Fundamental background: The European Commission has concluded that Budapest has not...
Chinese stocks have been on a roll recently due to a combination of factors: 1. the potential easing of their zero-covid policy 2. hope that the tensions between US and China could be thawing after the recentG20 summit 3. very attractive valuations Preferably we wait for a breakup and a retest back towards the neckline and with higher lows in place. ...
After falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May. It is now close to making another attempt at breaking up and there is a chance it could stall...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that GBPJPY is around a resistance zone so we will be looking for sell setups. on H4: Right Chart GBPJPY is forming a head and shoulders pattern but it is not ready to go yet. Trigger => for the bears to take over, we...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups. on H4: Right Chart USDJPY is forming a head and shoulders pattern but it is not ready to go yet. Trigger => for the bears to take over, we...
Finally a daily candle close above the inverse head and shoulder neckline for litecoin. Many alts have had an initial neckline penetration that then went back below the neckline for awhile before finally triggering the second time it went back above the neckline so it’s possible litecoin could also follow this same behavior. However we can see the 1day 50ma...
HD had been building a base for the past 9 months, forming a double bottom. It began to break above the 200 days moving average on 10th November and had sustain above this MA since. Currently it looks close to attempting a break above a neckline @ 327. However with still much uncertainty and volatility in the market, it is safer to long the breakup with a...
The GBPJPY price is in Bearish Head And Shoulders🧐 The neckline is broken & retested🔥 so, i predict a bearish move 📉 TARGET: 154.727🎯 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
The USDCAD price is in Bearish Head And Shoulders🧐 The neckline is broken & retested🔥 the resistance line of the ascending channel is broken 🔥 so, i predict a bearish move 📉 TARGET: 1.32088🎯 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
AAPL had been the strongest among the FAANG (aka MAMAA) stocks. In the past week we saw AMZN, GOOG, META breaking lower, a sign that the Nasdaq isn't on it's way to sustainable recovery anytime soon. While AAPL appeared more resilient, it's weekly chart had been forming lower highs since the start of this year and is now back to testng a critical neckline and...
Welcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
K is a long term investor's dream as the stock continues to be in an bigger uptrend (despite that it has it's fair share of volatility). For the past 2 months, the stock has gone into a cup consolidation and finally broke up last Friday, probably in anticipation of earnngs that is expected out on 3 Nov (BMO). We do not know if this breakup is for real but should...
CDAY has formed an inverse H&S and is now trading close to it's 200 day moving average. However, the stock might not be on a sustainable uptrend just yet until it can clear the neckline around 70.80. With earnings expected on 2nd Nov (AMC), let's see if it could propel the stock above the neckline. When it does, it is still prudent to place an initial stop...
INMD seem to be a great study on chart patterns and fibonacci retracements! :) The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB). It then lost momentum and started a steep pull back, finding support only around 61.8% fib...
After having fallen a whopping nearly 79% from it's peak in April 2021, SAM appears to be finally turning the corner, after forming a rounded base in the past 7-8 months. It hit rock bottom on 16 June, right where it was a former low during Covid crisis (March 2020). A month later, there was a strong spike in volume due to earnings beat (by 1.11%, not too...
Despite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12. A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base. Perhaps these are signs that earnings (expected...