The last time NVDA had a meteoric exponential rise of 1500%, it had taken only three months to lose over half of its market cap. This coincided with the monthly RSI being severely overbought. I am proposing we will see the same occur at this level. Not only with the same overbought levels, but nearly double the absolute bottom to top gain we saw from the 2015...
Key Points: NASDAQ:NFLX 1. A raising wedge pattern is used to identify possible trend reversals. 2. It is considered a bearish pattern. 3. It signals that the buying momentum is slowing down. 4. Around 644 - may act as a resistance. 5. Around 605 - may act as a support Notice : looking for a job ------------------------ Is Your company hiring an assistant...
CleanSpark (CLSK) is closely tied to the price of Bitcoin (BTC) because it is a Bitcoin mining company. When BTC breaks out, CleanSpark tends to follow. Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern. Once CLSK's price breaks out of this symmetrical triangle pattern, the next move...
Stochastic Divergence is one of the most powerful leading indicators of price. Convergence will show price and stochastic oscillator moving towards each other. Divergence show the price and stochastic moving away from each other.
Pfizer (PFE) experienced a significant surge when they became the first to develop a vaccine against the virus whose name should not be spoken. Afterward, investors took profits, leading to a decline in the stock's chart. Currently, the price has reached the lower band of the parallel channel, suggesting that sellers might switch to buyers. Regarding the...
On PLTR as you see on the chart we could have a hight probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume! Thanks!
FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could...
Key Points: NYSE:TSM 1. A raising channel shows a clearly defined uptrend. It is generally considered a bullish continuation pattern. 2. A breakout above an ascending channel can signal a continuation of the move higher. 3. A breakdown below an ascending channel can indicate a possible trend change. Support/ Resistance 158 - may act as a resistance. 149 -...
A double top is forming in a decending order ( a lower high) Coming according with spx500. Next few days are critical, be advised of this resistance level
AMD has successfully retested its previous weekly resistance. I have also observed an inverse H&S pattern off of the resistance zone as well which is a strong indication of reversal. I expect this stock to preform well over the next few years.
CM_WILLIAMS_VIX_FIX Indicator - was created to find market bottoms, per the creator. It can be used in conjuction with other indicators to find trade oppurtunity.
My 03/12/24 post illustrated that NVDA could reach 1157. Subsequently NVDA broke important support noted in 04/19/24 post. The NVDA 05/22/24 earnings report has put the stock back on track to hit what could be major resistance near 1,157.
Thank you to all the new followers out there. For your dedication, here is a very nice simple setup imo. The W / Double bottom is clear, and its on a nice Fibonacci level here as well... Target; $240 by end of Summer. I expect Apple to integrate more and more AI with every update / new product , and it's not that bold of a call. NEXT CHART @ 300 Followers ;)...
Now we might pull back to the bottom trendline, but that is nothing but a buying opportunity. $360 price target from RBC along with a top and bottom (modest) beat this past week during earnings will ensure we continue to follow this extremely bullish channel upwards. Long and long again at bottom trendline.
This stock is showing a sign of strenght after long period of decline. I´m suggesting to enter long when the first 4H candle close above 176 and target 186 as a first step (partial close and set SL to BE) and then final target around 218. Don´t enter earlier, because I think stock market will pullback at the beginning of next week. Wish you good luck.
NVAX powered off its earnings and a news catalyst and is overdue now for a correction. While in an ascending channel NVAX is now at the bottom of the channel perhaps due to the general market moves this week. From here it can move up in the channel or breakdown and fall into a significant correction from the uptrend since May 10th. I am bullish on NVAX and...
Key Points: NASDAQ:NVDA 1. A raising channel shows a clearly defined uptrend. It is generally considered a bullish continuation pattern. 2. A breakout above an ascending channel can signal a continuation of the move higher. 3. A breakdown below an ascending channel can indicate a possible trend change. Notice : looking for a job ------------------------ Is...