Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking)
Let's go back to Technical Analysis:
I can see two clear structures here:
*The previous impulse (which is a sequence of higher highs and higher lows) + The...
Stocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this...
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All stock indexes are set to open at or near all time highs off as investors prepare for key tech earnings. The S&P 500 is just under 4564 at the moment, having leveled off after inching out ATH's. The Kovach OBV is extremely strong, but be prepared for a technical retracement, especially if earnings disappoint. We should see support from 4521, 4505, and 4487. ...
Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio?
Of course, we will look at the answer from a technical perspective, and this is the conclusion we make:
a) We must see contact with the support level first (Is there buying pressure?)
b) If we see bullish pressure, that is the first...
We still waiting for a new bullish impulse on AMZN.
Today we will take a look at the AMZN chart and a pending setup we have.
The key concepts of this chart are:
- The price has been moving in a range for 300 days until we saw the new ATH
- Our main concept was: How many times can we look at situations in the past that the price stayed more than 300 days...
Today we will take a quick look at the SHOP chart.
What we can see here is:
a) Ascending Channel, the price was rejected from the lower trendline.
b) ABC corrective pattern (apparently finished).
c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities).
Based on all those items, if the price reaches...
Today we will take a look at GOOGL.
a) Since the bottom of the 2020 pandemic, the price has been on a major rally, gaining more than 150%
b) The basic formations we have been observing are corrective structures ranging from 25 to 40 days before new impulses coming.
c) Currently, we can see a new corrective pattern above the broken ascending channel.
...
Today we will take a look at ATVI:
a) Since February 2021, the price has been on a correction or a bearish trend (depending on how you want to see it), dropping 30%.
b) The price has bounced on a support level, where we can be open to the idea of a new short-term bullish movement. IF the following items happen as expected (70.00 / 72.00)
c) Another...
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood,...
In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the...
This is the setup I'm looking at. One could be a savage and just buy the bottom, but I prefer to buy strength – that's the reason I bought $TSLA.
It's testing my patience and it's a lower R/R, but my win-rate is higher this way.
Today, we will take a look at QCOM
The price is currently against a major support zone that has been working effectively since October 2020. Let see what we can expect in case of bearish or bullish resolutions.
This analysis is meant for people that develop short-term setups. Why am I saying this? because, at the moment, we can't think about new trends like...
Today, we will take a look at the S&P500 Index on a quick review.
The price has been on consolidation for more than a month. A few days ago, it made contact with a relevant dynamic support resistance level where we saw a clear rejection. If we have a bullish perspective on this, assuming that what we are looking at on the chart Is a regular correction during a...
Today we will take a look at Cathie Wood´s flagship, ARKK.
Main elements of the chart:
a) The price is against a resistance level + Lower trendline of the flag pattern (bigger white structure) + Lower trendline of the inner descending channel.
b) Generally speaking, every time we find this level of alignment between technical elements, we tend to observe...
* Weekly chart it’s been trading inside this parallel channel since IPO on December 16, 2020.
* If price action is consistent we might see a rebound to the 100EMA on the daily chart.
* 15 minutes chart is sitting at the 20EMA since the start of this trend.
* 36.88% UP since...
Today we will take the last year of price quotation and we will work on all the relevant levels we will e paying attention
a) The main aspect we can see are the exteriors support and resistance levels (these are our framework)
b) Inside our range, we can draw a trendline that may work as a relevant support level. From there, we can expect a bounce and the...
