Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for...
In these charts, you see weekly candlestick patterns are Identical for the 7 biggest tech companies:
AAPL, MSFT, GOOG, AMZN, TSLA, FB, and NVDA have made a bearish candlestick pattern last week.
MSFT, GOOG, AMZN, and TSLA made Bearish engulfing pattern or Brarish outside bar! after a bullish rally in the past 6-8 weeks!
S&P 500 and NASDAQ 100 also made the same...
NVDA could move toward 300 once again and this means put options have high return potentials this week!
Based on the current pattern it could make a Head and shoulder pattern or Islan Top formation!
What Is an Island Reversal?
An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on...
WATCHING $NVDA - target 285
Watching a few possible targets. 285 to start. I will see what the market feel like when we get to 285. Right now, personally, I think it will go lower, but that might not be my sentiment by the time it reaches the first target.
No position right now, but If I was to put one on soon I would probably sell puts under target 1 (max...
AMZN 1H I Trading within an upside channel. AMZN went above $3,600 after breaking out from an ascending triangle yesterday. We want to see of our channel.
NVDA 15M I Strong momentum to the upside especially after reporting earnings last week. Watching for a breakout above $330, uoa picked up on the $350 strike.
CCL 1H I CCL is down nearly 40% from recent highs...
Interesting to hear peoples thoughts on this. If you know what I am talking about it will become obvious that this arc might/could end soon. Hard to say with stocks like costco because of their obvious growth nature. In fact, might be more positive during these financial times using costco for bulk/saving money vs others. In general some studies show that...
the support line drawn has been tested 4 time this year and has failed once, I'm assuming we will follow this trend ending down .25%-.35% on Friday in the 463.6-90 range. Nvidia is everywhere on the news, I'm betting on a higher volume of advancers, Monday through Wednesday in the semiconductor sector leading up to $NVDA earnings report.
$TSM nice reversal bouncing back from $107 support and took conformation after breaking $112 next step to break $125. wish it is on a trend now target $125 $127 big level will be $136 before going to $136 sure it need strong support to fill the huge gap.
looking at the charts, most big techs have long upper shadows or a long red candle! Apple is an exception!
Today smaller tech companies are hammered so hard which is not a good sign as well!
Taking profit or raising stop loss could be a good strategy!
NVIDIA has started a downtrend after a good growth and a bullish trend.
Currently, price is bouncing sideway between the SR zones. We still don’t know if price has done with the correction and the downside move, or it still wants to drop further.
Since price could not make a higher high and has made a lower high:
If the support zone which is around $290 broken...
Nvidia usually goes up around 3-5% per day, even 17% yesterday, and there is absolutely no reason why it shouldn’t continue to do so.
Heavy institutional buying is expected to catch every dip, but it is rather unlikely this stock will experience dips at all.
NVDA is unique in that it only has impulse waves 3, but no corrective waves 2/4. Therefore...
After an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!