From a technical point of view, Ferrari ( NYSE:RACE ) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction...
3M Company (MMM)
3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories.
As of 2020, 3M is organized into four business segments: safety and...
NAS100 closed lower Monday as traders looked ahead to tech earnings reports from mega-cap technology and coming up U.S. economic data, including the first-quarter U.S. GDP preview, personal consumption expenditure index (PCE) for March, and April's consumer confidence are among the data scheduled for release this week.
However, the MACD is running at the bottom;...
The price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here . The price has made a bearish divergence here. Wait for the trend to make Lower highs and lower lows. Sell at the break of first LL.
Wait for the price to rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from point D and divergence should be formed to reverse the trend. Trade plan is mentioned in the chart. Manage your trades accordingly.
QQQ NASDAQ:QQQ
PROJECTION/
QQQ levels to keep an eye on.
Pressure
314
310
anticipating a lot of activity around 311.50
QQQ NASDAQ:QQQ
lets see what the super computer has in store for us.
-gtxlc
The end is near, which is bad for passive "investors" (I prefer calling them parasites), but great news for traders!
I will make this as easy as possible to read by listing bulletpoints.
Here are reasons for the big collapse:
- US President Joe Biden’s new budget includes a new minimum tax on wealthy individuals’ unrealized capital gains, a quadrupled tax on...
We had a bad week in the US stock market.
- SPX lost all its SMA lines and closed below them.
- A big red candle happened and the volume confirmed it.
In my opinion, the good news is that the spx has already completed its phase 4 (bearish) and the lower area of 3500 has been found as the end of the bear market.
The bad news is, the market has lost the fight to...
I personally trade only small to mid-cap companies.
I care a lot to the #russell200
it seems that this index has finished its pullback and according the pattern (double bottom cap+ handle ) can be start of a new fresh positive wave.
Now, as expected, we had a #pullback .
Somehow, it went a little longer and deeper than we expected
The 40W SMA is not in a downtrend and is flattening.
I think another positive swing is going to start. But it won't necessarily be a sharp one.
good opportunity to long position and get a good profit from the attractive American stock market
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other...
SQQQ - Rst 40.17 Supp 33.2
Vice versa of TQQQ, current chart looks supported here. So if Nasdaq retrace, this will rise.
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 = $$
Green Chip = XX
Dow Jones 30 Index
The multi-week sideways price action seems to be the consolidation of the October - December advance, bullish conditions appear to remain intact provided the 32,950 support area proves true.
Not investment advice. Past performance is not indicative of future results.
With a tight but slowly growing US jobs market, the FEDS are still hawkish. Last week, the market reacted sideways to job reports and NFP. This week the Powell speak before inflation is released.
BA - Resistance 195 & 229 area. Support 172 area. Red chip does appear aggressive here. Since China had already open their border, individual can look into it.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red...
Meta - Resistance 124 & 138. Support 112 area. Red chip are appearing more aggressive here. Individual may relook into this.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
