This stonk has been holding up for some time waiting on news that will please big investors. Only down 50% from ATH I can see some hope here, opened up some longs at $99. Small probability this follows many of it's predecessors and goes down another 50%. Know when to flip short.
Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart...
Looking for a short entry on NQ around 12500 on this run. I could be wrong, so keeping a tight stop on this one.
$META FACEBOOK Meta Technology Company Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle. $META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target. GAPS are marked in RED. Word...
$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP. Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up. $TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above. So far, this stock has not...
$MSFT MICROSOFT is Printing BULLISH Reversal Patterns, much like $AAPL has as they are related tech stocks. Let's review the chart: 1. There is a BROADENING DECSENDING WEDGE which is a bullish reversal pattern much like the falling wedge but expanding. This could either breakout soon or tap the bottom trendline for a third time before breaking out. 2. Textbook...
$AAPL Apple Inc. is showing multiple bullish indicating reversal patterns. Lots going on in this chart lets review: 1. I'm spotting a FALLING WEDGE (marked in white). This could drop lower and tap the bottom trendline on the wedge for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first...
$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth. Nvidia has not shown any technical signs of reversal on the lower timeframes yet. Above I've marked important levels on the weekly timeframe. With the slowing...
$AMD has been on a downward spiral printing bearish consolidation patterns after each drop. The negative earnings report recently didn't help the stock price as you can see it has plummeted to a major support level. It hasn't shown any signs of reversal yet. If it breaks below $72 it doesn't have much support until $59 area. YIKES! As most tech stocks, AMD is...
As outlined in the S&P500 weekly analysis. the technical bounce appears delayed. At the least, it looks like a higher low is being made, and would take another week or two before a higher high is achieved. In light of these, the projection and targets have been adjusted to the end of July.
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
This chart shows that there was a major trend reversal in the relative performance between Nasdaq stocks (QQQ) and S&P 500 stocks (SPY). In May, the QQQ/SPY performance ratio reached an extremely significant bottom. It reached the 55-month EMA (orange line), which is also the base of the monthly EMA exp ribbon. Chartists use this base to detect significant...
Another stock that seems to have bottomed. 10, 20, 50 MA curled up, it's a lot above 100 MA and I wouldn't be surprised if we retest around $192 and the 100 MA before we grind higher. Also, the 200MA is pretty far away so we might be moving in this range for a bit but overall, the trend looks better than other tech names.
This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021. This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci...
As the IV begins to reel back into Month End, looking to begin scaling Puts for TQQQ. No rush, Bids in below. Patience. Trade Em Safe.
2022 has proven a volatile year for HUB Security investors, and not for the reasons dragging down the tech industry at large. Back in March '22, HUB (now listed on TASE) announced the closure of a SPAC agreement with RNER for a Q3/4 NASDAQ listing. After an astronomical rise to over 900ILA from ~380ILA at the start of the year, the stock took a nosedive to a YTD...
Hello guys!;) Simple analytic about Nasdaq, now we sees only beginning of big drama, many factors plays against tech sector.