Microsoft (MSFT) has been trading within a Channel Up since the January 06 2023 low and yesterday came to the closest 1D candle closing to the bottom (Higher Lows trend-line) of the Channel Up since September 27 2023. That was also the last Higher Low of the Channel Up, achieved exactly on the 0.382 Fibonacci retracement level from the previous Low. With the...
QQQ had a bad week last week after trying since February to break long term resistance of the Blue trading channel. There was a lot of momentum but ultimately after being squeezed between resistance of the blue channel and support from black channel midline, it was time to take profit for the big guys. Clearly, inflation readings and uncertainty about interest...
News quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and...
Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up. As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the...
Apple (AAPL) completed yesterday 3 straight green 1D candles, the longest such bullish streak in 3 months (since January 25). The rebound has been initiated inside the Lower Highs Zone that started after Apple's former All Time High (ATH) on January 04 2022. The are a lot of recurring patterns involved as well, with one being that the current Channel Down that...
Tencent Holding LTD (TCTZF) has been trading within a long-term Channel Down since the January 30 2023 High. Such +1 year consistency is hard to overlook technically, especially since the price got rejected last week not just on the Channel Down top (Lower Highs trend-line), but also on the 1D MA200 (orange trend-line). It has to be said that despite the...
Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023. The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within...
Hello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the...
Advanced Micro Devices (AMD) has hit the top of the Fibonacci Channel Up last week and immediately got rejected, closing the 1W candle almost flat. This is a significant 1 week turnaround, which may evolve into a bearish reversal as the 1W RSI gave the strongest sell signal possible. That is reversing on the 82.50 (overbought) level, which since the 2009 bottom...
Super Micro Computer Inc. (SMCI) is about to complete a 10 straight green week streak if the 1W candle closes bullish today. This is a highly impressive feat that not only it hasn't done before but only a few stocks have managed to do historically. On the other hand, this may be a signal that yet again, SMCI is time to take a breather. Why? First because it has...
I can. See it. And also Believe it. These securities are measured in #Fiat which only becomes worth ... less with each passing year. Until #Vivek comes into office, of course and backs the dollar with a basket of commoditie! (maybe that basket may include #BTC) Inverse head and shoulders has massive linear and log targets Will be fun to watch this play out.
Apple (AAPL) is exactly -15% down since the December 14 2023 High and is approaching the Support Zone of the October 26 2023 Low. We are currently on the 3rd major correction of the last 18 months and being that close to both the Support Zone and the bottom of the Channel Down, suggests that institutional buying should be initiated. If the current overall market...
Netflix (NFLX) has been trading within a long-term Channel Up on the logarithmic scale for the past 20 months. The trend is very aggressive to the upside and since the first Bullish Leg made a Higher High on February 03 2022 on a +130.30% rise, we do expect a similar % rally that would technically target a little below $800, so aiming at $750 would be a fair...
Nasdaq seems on a fast track to close Feb 2024 And still a lot can happen in 3 days, which is the remaining time left to close the month. One key point to make: While Price continues to deliver within Bullish structure. Weekly Price has been unable to close above 18071. Current momentum is expected to continue to push price higher, but noting price's inability...
MicroStrategy Inc. (MSTR) has been trading inside a logarithmic Channel Up on the 1D time-frame since the December 30 2022 bottom. The price is currently at the very top (Higher Highs trend-line) of the pattern and that is a technical bearish signal on its own. It gets increasingly relevant though if we consider the 1D RSI which is overbought and at its highest...
Rocket Lab (RKLB) just formed a Death Cross on the 1D time-frame, almost a full month after rebounding near the 1.5 year Support Zone. This is technically an Accumulation Zone that the stock tends to make on that Support Zone before starting a parabolic Rally to the Higher Highs trend-line. In fact it was the 1D Death Cross formed on March 15 2023 that started...
Advanced Micro Devices (AMD) has been rising non-stop before February, and gave our last solid buy on our December 12 2023 analysis (see chart below): Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it...
Technical Breakout: On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024. Fibonacci Retracement: After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an...