Advanced Micro Devices has had an enormously bullish day as a natural result of yesterday's better than expected earnings and this rise closed the session almost at the top of the Channel Down pattern. This was enough to turn the 1D timeframe bullish (RSI = 59.297, MACD = -1.230, ADX = 33.876). This however isn't yet a long term buy signal buy for the first time...
On the weekly chart, Hochschild Mining looks to have broken out from 95.75 resistance. This bottom started to form in July 2022, so it's taken a year and 5 months to complete. As Gold is pushing higher this could mean more to come from this miner? WARNING: This not a recommendation to trade. Do your own research and decide on your own trades.
Nvidia stock, though being of the leaders in the chip and AI markets, is making a strong possible short opportunity. When we look at the Weekly chart, we see a nice Head and Shoulders formation in the making. Points to consider if taking this opportunity: 1. I will be waiting for NVDA to drop below $400 mark, to be more precise, $398. I need this down pump for...
ShreeCement is expected to move from current levels towards 27500 mark in wave 5. The stock is seen taking support from previous 4th wave lows. Target - 27500 Sl - 25250
Tesla dropped more than -5% intraday as Panasonic, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales. The fundamentals are obviously the opposite of ideal but the stock finds itself in a peculiar technical position that...
Exxon Mobil got rejected last Friday on the 1D MA200 and after the 1D MA50 rejection the week before, enters a dangerous territory of LL until it forms the bottom. The long term pattern is a Channel Up, who's rebounds and rejections are accuretelly depicted by the Fibonacci levels. Naturall the 1D timeframe is bearish (RSI = 36.689, MACD = 2.316, ADX = 38.647) and...
+ Oversold zone in Daily + Stock RSI exhausted + Reached falling channel dip and bounced there What now? Not financial advice.
IMM matches the adage, "Markets take the stairs up and the elevator down".
Greetings, traders! Analyzing the Consolidation Phase of SP500's: The SP500 has been locked in a substantial consolidation period spanning the last 24 months. This extended consolidation often signifies a period of market indecision, with buyers and sellers in a tight tug-of-war. Such phases are crucial for traders as they often precede significant price...
This is a follow up of my previous Palantir analysis. (See related ideas). Read it if you want to know where i placed my buy orders. The original swing created a range in which price kept moving around (mostly above the 50%) - which indicates to me in general upwards strength. With the range high taken out, price constantly moved between the upper resistance...
Hi Traders, Investors and Speculators of Charts📈📉 After losing nearly 90% of it's high, NASDAQ:HOOD is currently trading close to all-time lows. This could make for a great buy and hold opportunity, whilst some patience may be needed to wait for ideal target zones. Higher lows are observed after bottoming out at $6, indicating that the bottom is most likely...
NVIDIA has been perhaps the tech sector's best poster child for 2023 but (along with the rest of the market) has found itself on a two month pullback. Despite that, the technical outlook on the 1M timeframe remains heavily bullish (RSI = 63.906, MACD = 76.990, ADX = 41.089) due to the enormous logarithmic Channel Up it has been trading in over the years, with the...
Metal Sector and its component are in correction phase NSE:CNXMETAL sectors NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM have created same structure as NIFTY50. NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM daily candle close below entry level. We can see all targets along with NIFTY50. Disclaimer - All information on this page is for educational...
No need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart. Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the...
TLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past. In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade. Requirements: - Price breaks above TLI 1 - Open and close of a candle above S/R Level 1 - Buy...
Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US...
MACD crossed (Blue and orange lines) in to downtrend. We can compare same pattern in last two peak times.
Spotify opened on a huge price jump following the much better than expected EPS and is approaching the July 19th High (182.65). Technically it turned bullish on its 1D outlook (RSI = 65.875, MACD = 1.600, ADX = 16.057) and a new long term uptrend seems secured as yesterday's rebound started after a clear hit and bounce on the HL trendline. Price wise it looks...