Here we are looking at NFLX on the Daily TF…
As you can see, Netflix has broken down from its previous macro support (blue), and retraced back to the scene of the crime. Currently, it is re-testing this very same previous support as newfound resistance.
While I can’t suggest how YOU should trade it, this certainly appears to me as a VERY strong short set up...
Here we are looking at AAPL on the Daily TF…
In this chart, AAPL is testing a crucial zone as resistance, which acted as previous macro support dating back to September of 2020.
As you can see, there is also a downwards sloping resistance forming as well, which it’s testing as well.
In testing its previous macro support as newfound resistance (red) and local...
i. Early signs before its crash
ii. These signals are applicable to others markets
iii. How to hedge Tesla?
This method can be applied to any other markets. In segment 2, I demonstrated how you do that in the Nasdaq index. You can email me your case study on other markets with similar behaviour, we can check with each other.
With the recent release of teslas quarterly reports that we’re better than expected we saw a push to test 180.00 with a slight pullback, depending on feds decision we can see push higher to 300.00. With more manufacturing and infrastructure updates in the upcoming months if positive these could help push price back to retest precious highs.
Here is my chart combining channels, trend lines, and waves.
You can see that the NASDAQ has been fighting to stay inside the blue channel since mid-October, but has been trapped under the black channel. If it is going to hold, then this would be a good place. That would keep the blue channel bull rally intact.
However, this week's rejection off the top of the...
I am sharing with you my analysis of Google.
I think the stock looks pretty cheap at the moment and it is forming a beautiful Double Bottom.
This is further supported by a MACD Bullish cross and upward trending RSI, which is above the 50 line.
Overall I think it has an appealing risk-to-reward opportunity.
What do you think?
Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66...
The tech stocks witnessed deep corrections of over 30% on Nasdaq.
Nasdaq was one of the most underperforming indices in US and the bearish momentum prolongs on the first day of 2023.
The Bullish Harmonic pattern on $Goog confirmed the reversal but today's dip seems an opportunity to go long.
The pattern negates on breach of $80.
Tesla may have met the support that will be the last of its bear market. Based on the bounce so far on the 329-week SMA and that any price action at or below the 200-week SMA has historically been the best times to invest in TESLA, we can assert it's likely now is a decent time to buy TESLA.
As company earnings decline and forward guidance becomes pessimistic, Nasdaq 100 has room to go back to 9000-8700. Big tech companies have already started reducing their workforce, and more layoffs may come next year. The 200ma offered support after the first leg down, but now it looks like it might give way. RSI and stochastic are bearish.
Now is a good time to...
I still see downside in 2023, the chart is showing a similar pattern to the DOTCOM BUBBLE.
I just see bear market rallies and some considerable time until we see a major trend reversal.
We have just finished the 2nd BUBBLE which was led by the creation of BITCOIN which was born out of the Financial Crash in 2008. The age of low interest rates are also over and...
An interesting set of events just occurred in the NASDAQ futures. In early November, the NASDAQ (and most market indices) spiked in a bullish rally, only to find a resistance at about 12,000 in mid-November. It then retraced to test the support at 11,560. While it bounced off the support then, there was a momentary spike down to 11,528. This is the significant low...
Noted that Coinbase COIN is in some sort of technical trouble.
Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing.
An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside...