Right now, not much seems to be stopping the bubble in Tech. You can see we broke above resistance on June 11th and have not looked back. I was expecting some form of test of support, like back in July 2020, but instead any pullback has been bought up. Volume is low and that means that everyone is long to go along for the ride. If we get a run up like back in...
The resistance on the price of nvidia looks strong. The price is directionally moving upward. Some price decreases could occur but there are strong indications that the price will remain strong including potential to climb based on need or demand.
Super Micro Computer (SMCI) has so far followed to near perfection our last long-term analysis (May 13, see chart below) where we called for a prolonged accumulation (red Rectangle) of at least another 2-months before the real cyclical rally started: We called then that 'patience will be rewarded' and the stock is finally close to rewarding your patience on...
Key Rationale: Profitable technology firm with a track record of commercializing AI. World leader in two industries primed for significant growth, with a comprehensive suite of products and a treasure trove of historical data for AI training. Solid Growth profile and five-star valuation make it an ideal GARP investment. Company Profile: A tech powerhouse...
Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s: Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla....
Last time we looked at the Advanced Micro Devices (AMD), we made a short-term call (June 20, see chart below) at the bottom of the Bull Flag, with the price responding flawlessly, and is currently on its way for a Higher High on our $190.0 Target: Before that, it was on May 15 (see chart below) where we called for a buy exactly at the bottom of the cyclical...
Rocket Lab (RKLB) is up heavily following our last buy call (May 29, see chart below) and is approaching our $5.50 short-term Target: Since however the Lower Highs trend-line is now a bit lower and the medium-term pattern since April's bottom emerged as a Channel Up (dotted), we lower this short-term Target to $5.35. The key development of the week though...
The gap up and follow through today shows a clear break above the 2010 trading channel that has provide resistance so far. I see a pattern very close to that of July 6, 2020. The is not confirmation yet that price is out of the channel and that resistance has become support, but for the bulls this is a very good start. I would expect the bulls to try and run with...
GameStop Corporation (GME) has been consolidating during the past 2 weeks and lately have found support exactly on the 1D MA50 (blue trend-line). Early in May it gave the first signs of breaking above its recent 3-year Bear Cycle. The rise was almost as strong (+520%) as the one that made a temporary high on October 22 2020. Both formed a 1D Golden Cross. The...
NVDIA corporation (NVDA) is on the 3rd straight week of losses following the mid-June High, which was a Higher High at the top of the 20-month Channel Up. During that time the stock turns into a Buy only after it breaks below its 1D MA50 (red trend-line). As you can see some times the bottom process takes longer, other times it is very short. The 1W MA50 (blue...
Last time we looked at Eli Lilly (LLY) was on March 18 (see chart below) and we got the most out of it as we entered after a 1D MA50 correction and got the most optimal value: Our original target was $1050 calculated according to the % rise of each previous Bullish Leg (+45%) of the +1 year Channel Up but now it appears that the stock won't hit that level...
Microsoft (MSFT) easily hit our $450.00 medium-term Target that we called on our last signal (May 01, see chart below): That call came on the most optimal buy entry, with the price right at the bottom of the 18-month Channel Up. The symmetry between the pattern's Legs is very high and based on the previous Bullish Leg (dotted Channel Up), we should now get a...
MicroStrategy Inc. (MSTR) is about to complete the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is a bottom formation technically. The Head was formed on the 4H MA200 (orange trend-line), a long-term Support for the stock, while the price is now testing the 4H MA50 (blue trend-line) as Resistance. We saw this exact same behaviour on...
Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before...
Super Micro Computer (SMCI) has been trading within a Channel Up pattern since the April 22 Low, with every Bullish Leg registering at least a +35.80% rise. The price is now just below the 4H MA50 (blue trend-line) and the final technical confirmation that's needed is for the 4H MACD to form a Bullish Cross. As a result, this is an excellent short-term buy...
Based on fundamentals and technicals of course! This company I expect to comfortably trade as a double digit company by years end And during the #Bitcoin bull top even has the potential to tag this log projection we can see an Inverse head and shoulders clearly being formed. Yet to trigger, but it has some impressive projections. Will Bitdeer outperform...
There are speculative doubles and there higher probability plays. I like HOOD as a firm play to accelerate into the $50 region sometime in Q4 great chart for Momentum players while the true believer should already had their bags packed long ago.
On March 13 (see chart below) we issued a major sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up: Our projection was materialized as the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held, formed the...