Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023. That day's Low started the 2nd...
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...
Especially if we get some bad earnings to push that buy right down, might get a good low bid for a multi year long. Easy stop loss target too / clear invalidation. Its not like we wont need them anytime soon Also bit of a widening upward accumulation cylinder / broadening wedge which I like
Tesla (TSLA) was down more than -8.00% in pre-market trading after reporting its lowest profit margin in over five years and missing second-quarter earnings expectations. This was largely due to cut prices to revive demand and increased spending on AI projects. This however can technically be a buy opportunity in disguise as following the ATH Lower Highs...
Market Position and Growth Drivers: Qorvo NASDAQ:QRVO is experiencing robust growth, driven by significant gains with key mobile customers and strong performance in the defense and aerospace sectors. The company supplies RF chips to major Android OEMs like Samsung, showing expansion in the South Korean market. In China, top OEMs are adopting more of Qorvo's...
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...
NASDAQ:AAPL just created a new all time high, however we have to be quite careful now. Trading cycles in an overall uptrend is one of the most profitable trading approaches. You are trying to capitalize on the major upswings and missing out on the major downswings. Apple is currently retesting resistance and probably creating the top of the previous cycle. I...
Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight. First and foremost, Tesla's recent pattern has...
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....
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.
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...
SOFI - seems like bear flag short term, ideally can break the pendant first downside and then reverse around 5.5 - 6 range, moon to 8.30 , I am adding shares below 6.20, currently holding a large size
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...
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...