Today we take a look at spaceship of a stock NASDAQ:NVDA .
Nvidia stock has been booming since crypto market skyrocketed in 2016.
The company is overvalued from fundamental indicators viewpoint, but these kind of stocks seem to totally ignore the fundamentals.
Let us analyse the price movement using my favourite tools.
The orange trend...
TSLA is Bullish here (1D), Supported by SMA50 with a Strong Trend Channel and the Ichimoku Cloud shows a strong trend while Kijun-sen Line (26-day) is flat, right under price and ready to rise (it has been either flat or rising)
RSI (TDI) is above the 50 and is Rising.
Clear trend channel for GBPUSD - is it time for a major move downwards?
Several support/resistance levels on the way - but my though is, that we are gonna see a move downwards in the coming days/week.
This is my first time looking and trying to identify a trend on a forex pair - so lets see if im right.
What is your thoughts? :)
USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING?
August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area).
With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs...
BTCUSD is following bearish channel, recently breakdown the support level: 33770,
and landed on next and last support : 31940, and touched bearish channel lower,
accumulation is happening near support.
In this support level price reflected huge moment historically,
To follow Golden rule: Be with trend, (short setup could possible at 33770)
Trend line an hr....
Here is a new update for Ethereum which has broken out of the medium-term upward trend channel.
Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now:
-> Target 1 3692 USD
-> Target 2 4276 USD
-> Target 3 4645 USD
Support is now found in the ascending trend...
Its bullish channel had been broken and after that, it has shown a great desire to make pullback on it! I consider it as the third main wave of Elliot's impulsive waves!
The second main wave made and price correction ABC pattern, so I expect the fourth main wave to make a time corrective wave!
Hence, the fifth wave of the main waves maybe appears at the 1.618 of...
Below is the default MACD setting.
Bitcoin was avoiding divergence for 5 days and yesterday it gave a cross in MACD and we saw a bearish candle today and now it will find support to move up again.
We can follow the trend channel as the first support and if it falls below the trendline then we will see the fakeout patterns below the trading...
LEN looking for a beat this upcoming call to confirm it's current overhead price targets.
With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed.
I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.
The lower highs and lows of the last few weeks, as well as the emerging downward trend channel, tend to suggest that the exchange rate has entered a downward trend. However, the noise caused to the prices from the very important announcements on Friday may have temporarily pushed the exchange rate down.
Next week's macroeconomic data may put upward pressure on...