PYPL net buying has been continuously active this past few days. Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels. Initial target is at 75.0. The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B,...
AMEX:SPY 4hr chart. A deeper look into previous posts.
Hello hello, My bias is still long. I will link that analysis to this one. So, I am looking for a continuation to the upside. At the moment, everything looks good for a continuation to the upside. The Monthly candle closed above the annotated Monthly SIBI, and a new Monthly BISI was created. What i'm looking now is for price to come into any of those areas, but...
On the daily chart, TAP was on a good trend up heading into earnings which were favorable. It is consolidated since just after earnings in a " high tight bull flag pattern" Volume has been healthy with many buyers and seller trading shares in a tight range channel. The stochastic RSI is now at about 20% indicating TAP is in the oversold / undervalued area. The...
NASDAQ:CGC (Canopy Growth Corp) CGC is lowkey trying to cook something based on the recent price action this past 6 weeks. Net positive volume / accumulation has almost doubled this past few days, from 35M to 61m and continuing to rise. Last QTR earnings (August 9, 2023) has aided the significant price recovery - propelling earnings to green territory to 60.3%...
Not looking great as we head into #FED and NASDAQ:AAPL earnings to close out this week. The weekly 21 EMA is 494ish. If 500 breaks then that would be next level of support to watch.
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish. Here we are going to be looking at the signals for the NVDA stock on both sides. Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside. Deeper Targets possible - will update the idea as it progresses.
22-April-2024 | Live Market Analysis Veracyte Inc Short Term NASDAQ: #VCYT Disclaimer: This analysis is for educational purposes only and should not be considered as trading advice or recommendations. Always conduct your own research before making any investment decisions.
As the close of April 22, 2024, NASDAQ:MSFT had the first reaction at the support area, the white line as shown on the chart, which started to form since January, 2024. The close provides an early entry opportunity to see if the support can hold. We can put the stop loss 2% below the low of the April 22 session. Another risk we need to pay attention to is...
At the close of April 30, 2024, with an ugly price action, NASDAQ:MSFT started to enter an area between 30-week MA (orange) and 52-week MA (purple) as shown in its weekly chart below Which is equivalent to an area between 150-day MA (orange) and 200-day MA (purple) on its daily chart. This area was also a consolidation zone between Nov 13, 2023 and Jan 8,...
NYSE:NIO Has been on downtrend Descending channel for last 3 years and seems like its getting close to potential break out on Monthly TF! Upon successful break out expecting 300% gains in near future #NIO
SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
AMEX:SPY May 1, 2024 No comments. No trade day today. Nothing to write about. Went wrong. Back to drawing board.
If you find this information inspiring/helpful, please consider a boost and follow! Looks like wave 3 price action. The news is early so we shall see if the PA holds up. looking for the sharp move up to give a bit of a pull back. I would look to play the wave 4 of the wave 3 at this point, it depends, but that is my conservative variety. I can use the smaller...
Looking for a violent move lower. Aim: $2.00 and then $1.50. Market capitalization approximately $300MM.
Divergence within Divergence. Weekly and Daily Bearish Divergence. Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.