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...
"Boom!" There is no better way to describe the bullish dynamics of SHOP stock. The stock has now confirmed the low of the turquoise wave X with a 33% attack to the upside. The upward wave to the north must now continue to the upside to overcome resistance at $67.60. The high of the turquoise wave Y and thus of the superior wave (B) in green is not expected until...
I'm curious if in the short term ARKK may underperform at the 40 handle. I believe some growth names like DASH, DOCU and SNOW may have gotten ahead of themselves and are worthy of another pullback at least for now..best of luck traders
NAS100 is falling towards a pullback support and could potentially break below this level to drop lower towards our take profit target. Entry: 15102.05 Why we like it: There is a potential breakout level that aligns with the 23.6% Fibonacci retracement Stop Loss: 15397.35 Why we like it: There is a pullback resistance level Take Profit: 14851.70 Why we like...
NVDA stock did not miss the opportunity to head for our last relevant target zone in line with our primary assumption. As soon as the minimum requirement was reached, the stock immediately launched a 17% surge, confirming the anchoring of the low of the green wave within this zone. Those who used this zone to enter the long side can now tighten the stop to the...
$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...
Due to the recent sell-off, the price of AirBNB has now reached our magenta target zone between $116.53 and $96.73. This means that the minimum requirements of the magenta wave (2) have been met, implying that the price could theoretically complete its reversal. However, we still expect a drop to the 61.80% retracement first, in order to make the low there. Wave...
This stock is going to lose it's 1 trillion dollar mcap. At $500 The Shillers in suits on CNBC were talking about total addressable market for this company Major RED flag LOLOL Technically coming back to test the previous highs is perfectly reasonable but unfortunate for ppl buying the tops ofc.
In this environment I would say this is a distinct possibility 1.3 Trillion Market Cap 107.6 P/E SPX PE @ 20 Yes very plausible.
The bears have once again pushed Apple down to the lower border of the green target zone between $170.89 and $185. We continue to believe that the stock is in an overriding uptrend, but for that to be the case, it now needs to climb higher. In this scenario, the white wave (III) is expected to end well above the resistance at $198.23. However, it is important to...
Tesla has had a massive selloff into support. A potential large bullish pattern is developing on the weekly chart! if this plays out we could see new all time highs in Tesla in the next 1-2 years.
Spotify has put in a confirmation of an existing level as resistance once again. Along with this it is showing clear bearish divergence and and two clear bearish candlestick patterns. This is exactly what we look for when we try and take a trade. So the trade is easy, we enter at the price today after a small retrace up, then our stop is above the level and the...