Needs to breakdown below 552 to set this in motion, but a few gaps to fill to downside and upside has run its course for now. Initial target range in coming weeks is 492-520 (point target 505) Goal target is around 475 where it will accumulate and form right shoulder of larger accumulation structure around the 2022 low. From the right shoulder it will begin next...
we are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
It seems we are heading towards the dot com bubble highs. This is great support and will serve for the next build up.
$AMD Analysis, Key levels, and Targets It is time to just be prepared on all levels… I’m labelling this long because these are my levels were I will be accumulating… I don’t accumulate haphazardly, I have very specific levels… So even though I’m not doing anything right this moment, my levels are marked and ready to go…. These moves could have the potential to...
BACKGROUND: SOXL (3x ETF) created a great reversal pattern back in JUNE - JULY 2022. It's tempting to ignore it because it ultimately failed on 8/26/22. Nonetheless, it was a great technical entry point when the price broke above $17. CURRENT PRICE ACTION: The reason I'm pointing out what happened in JUNE - JULY is because SOXL ETF is forming another BULLISH...
Nancy and the Gang anxiously await the Senates Taxpayer handout to the Industry. Po Nancy, $107 Million simply is not enough for her and Pablo the Shark Tank Drunk. Nancy had to gobble $341K in losses on NVDA after exiting her 25K Shares in a loss due to slime lights a shinning. Bravo, add 3 zeros and it's all good. Everyone should lose a hand. Preferably, a...
$SOXL Analysis, Key levels & Targets This, without a doubt has been one of the most exhausting positions I have on right now…. But that is the nature of 3x leveraged instruments…. I have 310 shares, with an average of 21.61 and I am 34.72% down. SO, for anyone that remembers this strategy from last year… the next add will be to double my position at 7.48. I...
Ouch. Looks as if the NQ won't be going anywhere without the Semis. This Sector wins hands down for the Big Ugly. _________________________________________________ Waiting on the Rain.
A case of the higher lows in effect here. As long as the $99 region holds, we can see $110-$120 next The next buy zone is the $100-102 region. If $99 fails., we go back to retest the $91-$93 region.
Lot of June 3 calls hit the tape on TSM, I like the levels here and like the probability of upside in the near term. First PT $96, close below 87 invalidates idea I'm long 95 6/3 calls already up 33%, with stop just above break even.
Candle yet to close, but price seems to reject 60 Day VMA (or 50 SMA if you prefer) Volume profile has been really constructive, so I wouldn't be quick to short this. if it can build above 94, still have a good chance for breakout. Short case would be weak action to test the trendline and hard rejection there would set this up for new low.
Expectation is bullish until end of May, then bearish in June to complete corrective wave. Some confluence here using Elliot Wave, Harmonic Patterns, and Gann: Primary EWT count gives recent completion of corrective A, next stop B. The details of this primary count are below: - Impulse began 9/24/2012 (not shown) at 31.17 - Wave 1 completed 3/12/2018 (not shown)...
SOXL tracks the performance of the thirty largest U.S. listed semiconductor companies. The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently. I think SOXL is now close to the strong support of $21, pre-pandemic...
There is no better crystal ball to predict the future performance of an asset than its own chart. Keeping it simple, TSM broke bellow a 15-month lateral range, and several days later failed to reconquer the lost grounds. It's been under distribution, and the last candle is the most bearish. TSM won't be able to hold at support and will continue lower.
Applied Materials, Inc. ( NASDAQ:AMAT ) Sector: Producer Manufacturing (Industrial Machinery) Market Capitalization: 100.142B Current Price: $113.36 Breakdown price: $114.50 Sell Zone (Top/Bottom Range): $125.60-$136.95 Price Target: $97.20-$94.80 (4th) Estimated Duration to Target: 40-44d (4th) Contract of Interest: $AMAT 5/20/22 110p Trade price as of publish...
Marvell Tech Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow) Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support... Today's flow was...
Looking at chip leader tomorrow for sure. I have levels here for upside and where it needs to protect to the downside. Looks like we are headed to that $300 number.
Looking for a fill of the gap at 232 which coincides with the 2.0 extension of this 5-wave move down. Head & Shoulders pattern with negative MACD divergence.