Supported by 38.2% Fibo + Ascending uptrend line since 2009 GFC. Worth to take a risk. SL: Below $45 Trade safe
After closed below the ascending support line and the major neckline at $44, Intel continue to drop and break below 50% fibo since 2009low to 2020 high. Breaking the 3 overall support level may send Intel to the next support at $34.
Good Volume last week after earning reports. Pick at the bottom whereby support at $20/$22. Good risk reward.
04 June 2022 Chinese Tech Shares have been beaten down badly since the kick start of the tech regulation. However, last week, couple of Chinese tech shares reported good earnings and with China border reopening may bring good news effect on it. RSI showing bullish divergence. Resistance: $0.90 Support: $0.64
15 May 2022 FOMO, investor entered into Shopify after 80% discount since the all time high. Weekly volume showing strength on last week purchased. RSI showing bullish divergence Resistance: 650 Support: 320
15th May 2022 Looking for dead cat bounce to mid parallel channel between 4.1k-4.2k first.
15th May 2022 Dead Cat Bounce as retail investor/trader FOMO those value stocks Resistance: 33k/34k Support: 31k
7th May 2022 Earning report next week will provide a clearer picture for EA. First support at $110 coincide with 38.2% fibo level. Bias more on the downside.
7th May 2022 Revisit MGM after 1month. Volume seem like picking up while price dropping. Once $38 give way, we shall see 35 follow by 30 (depend on overall market sentiment)
30th April 2022. Spotify is at the crucial support area of $100 mark. Once the candle break and close below $100, we may see further drop in sportify. If the price is able to be support around $100 +/- 10% deviation, may see small dead cat bounce from here.
30th April 2022. Since RUT failed to recover back its previous support area at 2130, it became the resistance there after. Small cap will suffer along with its brother (3major index) falling. We shall see next support level around 1750
30th April 2022. QQQ break and closed below 100days MA & 61.&% Fibo support with higher volume compare to other days. We may see further dip to 50% fibo around $290 as the first immediate support..
30th April 2022 Break below 50% Fibo, $73 will see next support level at $65.
23 April 2022 DJI failed to penetrate 35.6k and form a bearish weekly candle breaking below 34k support may send DJI to next support level around 33/32.3k coincide with 100days MA
23 April 2022 Vix may continue to spike up next week. Resistance 35/40 Support at 20 hold steady for last 2 week.
Russia Sanction may do no good to Visa with their upcoming earning report. From chart, once $190 support give way, Visa may continue its downtrend to next support around $180
16 April 2022 Price is supported by 100days MA (weekly Chart) However since AMD break below $100 round figure, next support at $85/$72.
16 April 2022 Silver May kick start it uptrend after consolidate since the previous breakout. Resistance: $30 Immediate Support 24 Support 21