$TSLA has been rebounding for just over a month now, but is facing a pretty heady resistance line. Price action is lagging behind our model a bit, but if price can make it through the resistance we could see a huge rally as everyone who were doubters pile back in.
MACD crossover on the day chart- lower levels heading into July RSI at upper threshold MA's at highest level in stock history BULLRINGANALYSIS
2nd Resistance: $43 1st Resistance: $37 Resistances: Monthly Chart Supports: 1st Support: $28 2nd Support: $20
Bought at 1.86p & 1.74p today. Company turning around with new CEO & new plans moving ahead. Amazing tech with a huge amount of potential. Cash in bank with last placing a month ago at 1.6p so plenty of time to grow.
Following the steep decline after breaching below the median line in this pitchfork, the lower slope has already been called up to act as support. Alongside this we have the 78.6% retrace off the feb 2016 lows to all time highs & a potential trend line On another note, we haven't been this far below the 200 daily moving average since that february low. Currently...
Looks like a good short on the weekly LOG chart for $NOW -- top of channel, and way way way overdone
Hello everyone, After thinking abou the possibility of seeing a downside from BTC on the 6000 USD, the break up shows us a different scenario. We can expect a correction week/s on the TOP crypto coin. We have to be tuned waiting for a rejection of the 38.2 fibonacci retracement , which coincides with the 6000 usd support aprox. Then we could talk about a new...
XLK - Update to short trade thesis. Trading XLK short as long as negative MACD and DMI divergences linger. No new high today as market rallies, big picture chart still consolidating. Seeing SOX lag today is a good sign for being short (XLK over 20% Semiconductor weighting) Need a breakdown soon though
Everyone when seeing strong indicator signal, start to be like "Deer in front of the headlights". There sale signal, but market climb up day after day. AMD didn't shock with last earnings report, because of EPS and Revenue it's almost 1:1 in estimate range. But open at +4%, max +6%, and close at -2%. Crypto mining rash is gone last years, and we saw it, so AMD...
Amazon reported Q1 results, beating EPS estimates by $2.44 and doubling its profit. It also announced that it woud invest $800m to make one-day free shipping the new standard for all core Prime members. The stock continues its ascent towards $2,000.
Semiconductors took a hit after Intel slashed its earnings outlook for 2019 amid a slowdown in equipment spending by cloud computing companies and headwinds from China. Intel lost 8.99% on its announcement, gapping down to close at $52.43 and forming a spinning top after finding support at ~$52.
$WB and $MOMO are some chinese internet / tech / media stocks. I think they will boom. So does williams trader. These two have really strong financials. Manage your own risk Much love gl hf xoxo snoop
Amazon stock remained largely unscathed by news of Disney+ releasing at the end of this year, despite the challenge to its Prime Video service. The tech giant also hit the headlines late this week when the retail industry issued forceful responses to the challenge from Jeff Bezos to its competitors to “match our employee benefits and our $15 minimum wage”....
A: What is Nvidia? This is a $200 stock. Thinking we will move up through the flag/wedge we've been forming. Hoping for a reach and ride along the multi-year kickoff trend line used as a stepping stone to potential ATH in the somewhat distant future. Long @135, looking for 225 at least. Will begin selling 225 covered calls against my position close to the...
Predicting price to drop slightly more to the targeted area, around $43 before rebounding, with the upper target being around $60. On the weekly, we met the same strong support of $35 in Dec 2018 as we did in 2016. We topped out just under $54 just as we did in the rebound from 2016. After topping in 2016, we pulled back to about $43 before soaring up to about...
WHAT NEXT? - Wait for a Clear Breakout and pullback for confirmation to execute the trade!
Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially...