Price closed outside its daily Bollinger band🚩 Price formed a bearish rising wedge 🚩 Move up was on low Volume🚩 Closed up near resistance trendline🚩 SMH Chip sector closed up at resistance on low volume First target is 283 Second target 280 Final target 21ema at 275
Might be forming an inverted H&S inside a megaphone Long over 4160.. short below 4130 If it breaks support we head back to 4050 If it breaks above 4160, we'll test 4210 Neutral observation Price has been trading between 4130-4160 Bullish possibility Bearish setup We break flag support And double top back to megaphone bottom NQ has similar ...
Bull flag setting up here.. looking for one more pullback before the breakout Still aiming for that 111 gap close sometime next week
Trading in a minor wedge inside a megaphone.. Wedge resistance is around 13,390 Megaphone resistance is around 13,450 For us to reach maximum target of 12,600 we would have to break below rising wedge support around 13,100 If we bounce at 13,100 we could rally back up Stop losses at 13,500
For my followers who are unfamiliar with the Indexes , The IXIC is the entire nasdaq where as the QQQ (NDQ) only represents the top 100 tech; This distinction is important in what I'm about to explain. Since Feb the IXIC has not been able to get over 12,280 while the QQQ has made a higher high since Feb; This is because only 5 tech names have been moving...
Headed back down to 29.00 If it breaks below 29.00 then that's a head and shoulder. First target is 29.75 gap close
One more pop to 4135-4140. Stop loss 4060 2hour RSI.. I'd like to see a break here too for conformation.. I don't think we will breakout of this channel , I think we'll head lower after this bounce
Looking for a bullish reversal after the correction that closed 82 gap. Should push up to close 87 gap right away, then I expect a pullback or cool off before the last leg to 90 You can see the double bottom on the RSI I like to keep track of the Hangseng when I trade Chinese stocks.. here's the 4 hour chart of the Hang seng
Price has formed a rising wedge. Similar wedge can be found on QQQ Spy finished yesterday's close trading inside this tight channel that some bears would say was a bear flag. Resistance is around 412.10. I would like to see it break out or down and not trade in this channel the eilntire session leading up to FOMC like so I think the will...
Pullback coming here.. 1 , 2 , and 3hour over bought on oscillators. 4 hour candle completely outside Bollinger bands. 1st target - 4160 2nd target - 4135 If we bounce in the area of 4130 I expect it's forming the head for a Head and shoulders Use my levels for reference
That drop didn't even break trend support or fib support.. They'll be pumping this up to 110 next week 104 stop loss
Gapping up On Alzheimer results. Stock has been up for 8 straight weeks. After breaking out of a broadening wedge Weekly and daily RSI overbought Outside weekly BBands Nearing resistance around 430 Wait for a rejection at or around trendline resistance. Target -404 gap close Stop loss 432
Looking for a pullback here to start the week. Closes pullback target is 412.50 -413.00 I don't think they'll break below that yellow trendline support without a Catalyst and the nearest Catalyst is Tuesday Jolts job opening, which is 30min after market opens. The biggest reason for the pullback is the overbought conditions in what lead to the market...
Price closed near yellow channel resistance. If we open below 321.50 I expect a pullback to 318. Haven't been able to break below this rising last 2 touches which brings me to believe we will hit 330 if we close above 322. There's 2 events happening next week that I think will push this above 322 1. Aapl earnings 2. Fomc As you can see, they are...
Broke rising wedge support here. Sitting on its 200ema (Gold wave] A break below and the target is 10.00 gap close left over from last earnings. Entry - Below 14.00 Stop loss - A close above 200ema
Rising wedge here... Dow has one more leg up before a correction in May Process will resemble a double top or H&S Price shouldn't exceed 34,400 Looking for a pullback early this to 33,700- 33,800
SMH has been lagging behind the other tech sectors like XLC and XLK. As you can see it broke its rising wedge support and started correcting. You did that notice the drop if you focused on NVDA but if you look at TSM,AMD, and intc performance last 2 weeks of April you'll see where the selling came from. the thing about using the Sectors to trade, is you...
Looking for a pullback to 166 area before earnings thursday.. Daily Candle starting to extend outside its Bollinger band. Price over shot resistance twice yesterday forming a perfect double top. 1st target is 168 2nd target is 166. Can aapl still close gaps at 171-173? May depend on Fomc and or earnings, until then, pullback . XLK sector is also...