Bought Chinese tech stocks last week because they are cheap and appear to be at technical bottoms.
Palantir (PLTR) is trading within a 16-month Channel Up and is right now below the 1D MA50 (blue trend-line) and above the Channel's median. Once the 1D RSI hits again the Support Zone, it will be a buy opportunity again (assuming it also hits the Channel's median). The previous Bullish Leg on the median rose by 58.85%. As a result our target will be $25.00. This...
Daily chart. Comparison between Magnificent seven and S&P500. Profit taking? Make up your mind.
positioned for the next generation technology requirements
should be the next crispr or illumina ... it supplies stuff to MODERNA it could be the secret sauce in pre diagnotics or preventing diseases before they become serious currently winding down and allocation of shares to serious players and strong hands with conviction in the Ai Tech Cum Biologics
Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line)...
Has this rally been the "complacency" rally? Jim Cramer recently tweeted how much BILLIONARES should be kicking themselves for not being part of this monster rally. Is this just a giant lower high/bull trap and are we already rolling over into the Great Depression 2.0 or ughem, a Great Rest?
Daily chart with ichimoku. It is necessary to monitor whether the LS intersects the trend line. Thin cloud on the horizon. Make up your mind.
Late cycle catch up momentum play? seems likely #APPL is closing in on $200 could that push the laggards higher?
Daily chart with ichimoku. In short, I don't like the graph very much. Make up your mind.
Good morning, Daily chart with ichimoku. Market breathing to break the 1.618 fibo retracement? Make up your mind. Have a good week on the markets!
Good morning, Weekly chart with ichimoku. We notice that the close of the week is above the trend line. To confirm the movement, the Chikou must break the right. Make up your mind.
Short term resistance has been met and the Nasdaq has just recently broken through its short term support. This would indicate to me a correction will follow taking the price of the Nasdaq back down to medium term support. After this i would exercise caution, any short term bounce may be followed by another breakdown in the medium term support. Then the Nasdaq...
NAS100 could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target. Entry: 15,809.50 Why we like it: There is an overlap support level Stop Loss: 15,638.50 Why we like it: There is a pullback support level Take Profit: 16,139.82 Why we like it: There is a resistance that aligns with the 161.8% Fibonacci...
GLENMARK PHARMA LTD Key highlights: 💡⚡ ✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 875+. ✅Can Go Long in this stock by placing a stop loss below 745-.
NASDAQ:NVDA ,1D: Price dipped just below the 50% line and popped back up over the line after coming off the local lows at 403. Given the 'uncertainty' around the level and duration of a 'higher for longer' rate environment along with the market's general preference for 'clarity' over 'uncertainty', it would not be unreasonable to expect the 'increased volatility'...
$ON:1D With the earnings forecast providing downside price pressure on the longterm trend, NASDAQ:ON hits the lowest level on its1D RSI in over two years. Needless to say, our trend has been weakened from a Pearson’s R^2 of 0.91 down to a Pearson’s R^2 of 0.88 while losing a little more than 3% of the longterm trend strength in the process. While there are...
NAS100 ending last week with a career bullish shift to the upside we're looking to follow this even though our range has very little to no structure we see one liquid low within our range in the lower 50% and we're looking for a further extensions to the upside but as always we will look at what price offers us at market open. Remember to always read order flow...