💡 Pattern: Falling Wedge 💡 RSI: 57 Neutral 💡 Risk: Extreme ✅ Resistance: 28.4 ✅ Support: 22 PERFORMANCE 🔴 ST: NEGATIVE 🟢 MT: POSITIVE 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
Whether you like it or not, the AI pump, even though it lasted for four months, has come to an end, because "artificial" has never been much of a compliment in the first place. Consider this: Artificial butter is called "margarine" and if you use it in pastries in France you'll go to prison Artificial milk is called "soy drink" and if you drink it then you'll...
🔹Between support 32.86 and resistance 37.24 in Rectangle Formation. 🔹In case of a NEGATIVE reaction, it has support at approximately 33. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH...
In a previous post on NVIDIA following its earnings gap all time high, I posited that a bearish three drives was a real possibility, which would involve the stock actually going down and then driving up a few more times in accordance with the overall market topping: NVIDIA - A Scenario Few Are Considering. Few. Few. Few. That never panned out, and instead...
🔹Breakout floor of a rising trend channel in the medium long term. 🔹Resistance at 470, which could potentially trigger a NEGATIVE reaction, but an upward breakthrough indicates a POSITIVE signal. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC...
I've noticed that, especially in the last week, the trading community has really transformed into almost full bore greed. People are buying highs on almost anything, especially some of the most dubious of stocks, and getting rewarded with 5-15% gains every day. There's even a popular post on here that asks "As new highs approach, what is the bear case?" Whenever...
NVDA shot up on earnings two months ago and more or less went sideways until mid July when it trended up for a week and then reversed downward. On the 2H chart, I have placed both a VWAP anchored to the earnings date as well as a volume profile. Price is currently above the 0.5 Fib level as well as at one standard deviation above the mean VWAP and above the...
AMSC has had a great rise since the beginning of the AI revolution. From the overlay of the anchored VWAP this would be a VWAP breakout that closed the last trading day with a correction pullback and then a bounce off the POC line of the volume profile. The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock, the MACD...
NVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over the higher TF RSI a clear and convincing sign of rapidly increasing relative strength. Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June and up...
So far soxl continues to channel trade as anticipated. Currently resistance around 28.50. Without a breakout we'll continue to channel trade.
🔹Breakout short-term resistance be POSITIVE signal with support at 100 and resistance at 130. 🔹Price increases on high volume and decreases on low volume. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head &...
🔹Forming inverse head and shoulders pattern. 🔹Breaking resistance at 793 indicates further rise. 🔹POSITIVE signal from Rectangle formation breakout resistance at 668; Next resistance at 762. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC -...
TQQQ Trade example SQQQ SPXS SPXL SOXL SOXS YINN YANG
🔹Breakout the ceiling of falling trend channel in the medium long term. 🔹Breakout resistance at 103 in inverse head and shoulders formation. 🔹Supports at 92 in negative reaction. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle |...
SOXL the 3X leveraged ETF of semiconductor stocks has gained 145% for the first half of the year. As shown on a 2H chart, the price has pulled back but the overall trend of HH and HL is intact within an ascending parallel channel. Price previously touched the lower trendline on May 24th while it touched the upper trendline May 30th and then again June...
NVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have have been trending down but then reversed in the after-hours trading period albeit with the low volumes typical of after-hours. The relative volatility indicator however showed a dramatic reversal and will be beyond the moving average within the indicator. Overall, I see...
🔹Breakout the rising trend up in the medium long term. 🔹Achieves target at 25.20 after breaking rectangle formation. 🔹Support at 22 and resistance at 46. 🔹Technically positive for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head &...
Weekly idea of this week is to long SOXL, short WOOD. With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report. Price...