Previously posted about the candle that broke the market's back. It continued to test resistance for the next few days, and then broke down marginally, only to fake it and in one session reversed to close at a recent high. And this followed through to close the week in a massive three day streak of higher high closes ending with a bullish marubozu! The technical...
With a healthy respect, Texas Instruments is advancing toward the resistance line at $158.99 slowly but surely. Soon, the share should climb above this mark and push off into the green zone between $215.90 and $237.98 to complete wave B in green before turning downwards again. There is a 33% chance, though, that the course could shift away from the next resistance...
This asset will drop [ some dollars to hit the FIB61.8 and the Ascending trendline it will start to rally up. watch out these critical zones
Fiserv is making use of our pink trend channel, where it has last finished wave (D) in magenta. Already, the share is on its way downwards to develop wave (E) in magenta as well as wave E in green, which should end at the channel’s lower edge. This low should then provide enough energy to lift the course above the resistance at $127.34. A 33% chance remains,...
Microsoft on forming a double bottom on 1H time frame, It is possible this asset may ride up from its current value of $248.59 to $264 zone. With proper entry, the risk/Reward ratio will be 1:7 There is no guarantee and this is the reason for always setting SL Like, share your opinion on the analysis on comment section and endeavour to follow me
APPLE Stock is likely heading down to $130 - $124 zone. This may not happen now but expect this soon
Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance...
NVDA - Rst 284 Supp 230 Rounding bottom in a making towards 284.
Meta - Rst 196.9 Supp 167.6 Meta will retest back 196.9 area here & attempt a breakout.
Electronic Arts has been pushing the right buttons and has made fine use of our pink trend channel, finishing waves (a) till (e) in violet. Indeed, the course has already made further progress, touching at the support at $109.27. Next, the share should gain even more downwards momentum and drop below this mark to complete wave B in turquoise. Afterwards, we expect...
“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for...
' The NYSE FANG+ Index is a rules-based, equal-weighted equity benchmark designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors'. Companies included in the index: Meta, Apple, Amazon, Netflix, Microsoft, Google, Tesla, NVIDIA,...
As per heads up given earlier, the NASDAQ stalled and is pulling back. The weekly candle is similar to a bearish harami, but should wait to see if this week continues the down draft. Am expecting a bounce around the 23-week EMA. But if it slices through, then it would be a ominous turn of events. Technical indicators are somewhat bullish, hence expecting the bounce.
Semiconductors are off to a HOT Start in 2023…after a COLD 2022… As we begin 2023 looking at technology-oriented investments, a ‘consumer-slowdown’ and related macroeconomic factors are front and centre in investor considerations: Worldwide shipments in personal computers (PCs) totalled 286.2 million units in 2022, a 16% decline from 20211. Global Information...
After it had started the ongoing descent so confidently at first, Intuit has been struggling in a sidewards movement. Now, the share should trust its gut and decide or rather intuit – pardon the pun! – to continue its journey to the south. We expect the course to drop below the support at $339.36, where it should complete wave B in green at about $303.29 before...
The SuperBowl day news sums it up. "A manager of 95 Phoenix Airbnbs is stunned that half his homes are empty over Super Bowl weekend. Is it the latest Airbnbust?" 14th Feb is the earnings day. Mcap 70 bn Looks Very weak.
After finishing up the turquoise wave 1, the Airbnb stock should get some rest and drop into a correction to reach the turquoise target zone between $101.66 and $90.36. Within this zone, we expect the corrective low of the turquoise wave 2, which is followed by an upwards trend back North. Our alternative scenario with a probability of 35% implies, that the course...
Sunview - Rst 0.645 Supp 0.515 Very likely a repeating pattern here. Base on the movement, it will retest 0.645 level again. How to view the guidance via chart ( Refer back to pin message guidance if to trade ) Red Line = Support Blue Line = Resistance Light Blue = bullish/bearish pattern Arrow = Double/Trip top/bottom Red Chip = $$ Green Chip = XX