Based on the current global chip shortage. There are 3 companies worth paying attention to TSMC - INTEL - SAMSUNG. The 3 of them are heavily investing in increasing their production capability to finish these shortages affecting key industries across the globe. Today, we will analyze INTEL from a technical perspective: -The main thing that we can observe on...
Today, we will look at the weekly chart on Crude Oil, one of my favorite assets to trade due to the astonishing technical behavior, and how reliable it is when a trend is confirmed. First, we will analyze this from a technical perspective: - The price has broken a triangle pattern (ABCDE) - After reaching the first resistance zone, we saw a breakout of the...
I will keep this post short, so you can get a general idea of this trading style. First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114 Now that the structure is clear, it is easy...
Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking) Let's go back to Technical Analysis: I can see two clear structures here: *The previous impulse (which is a sequence of higher highs and higher lows) + The...
We still waiting for a new bullish impulse on AMZN. Today we will take a look at the AMZN chart and a pending setup we have. The key concepts of this chart are: - The price has been moving in a range for 300 days until we saw the new ATH - Our main concept was: How many times can we look at situations in the past that the price stayed more than 300 days...
Today we will take a look at ATVI: a) Since February 2021, the price has been on a correction or a bearish trend (depending on how you want to see it), dropping 30%. b) The price has bounced on a support level, where we can be open to the idea of a new short-term bullish movement. IF the following items happen as expected (70.00 / 72.00) c) Another...
Today we will take a quick look at the SHOP chart. What we can see here is: a) Ascending Channel, the price was rejected from the lower trendline. b) ABC corrective pattern (apparently finished). c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities). Based on all those items, if the price reaches...
Today, we will take a look at QCOM The price is currently against a major support zone that has been working effectively since October 2020. Let see what we can expect in case of bearish or bullish resolutions. This analysis is meant for people that develop short-term setups. Why am I saying this? because, at the moment, we can't think about new trends like...
Today, we will take a look at the S&P500 Index on a quick review. The price has been on consolidation for more than a month. A few days ago, it made contact with a relevant dynamic support resistance level where we saw a clear rejection. If we have a bullish perspective on this, assuming that what we are looking at on the chart Is a regular correction during a...
Today we will share our trading plan for the cryptocurrency in case we have a new ATH. Before starting is important to explain that we are not saying "this will happen" the main concept of this is "IF this happens," then "this is how we will proceed." With all that said, let's start. a) A few days ago, I was taking a look at Crypto on Logharitmic, looking for...
Today, we will speak about AMZN. a) Currently, it is correcting the edge of the broken range. b) We can see this type of behavior in the previous range from September 2018 until April 2020 c) To develop this setup, we asked this simple question: How many times can I prove that what I'm trying to trade right now has been proven as an effective system. ...
Today we will take a look at GOOGL. a) Since the bottom of the 2020 pandemic, the price has been on a major rally, gaining more than 150% b) The basic formations we have been observing are corrective structures ranging from 25 to 40 days before new impulses coming. c) Currently, we can see a new corrective pattern above the broken ascending channel. ...
Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio? Of course, we will look at the answer from a technical perspective, and this is the conclusion we make: a) We must see contact with the support level first (Is there buying pressure?) b) If we see bullish pressure, that is the first...
Today we will take a look at Cathie Wood´s flagship, ARKK. Main elements of the chart: a) The price is against a resistance level + Lower trendline of the flag pattern (bigger white structure) + Lower trendline of the inner descending channel. b) Generally speaking, every time we find this level of alignment between technical elements, we tend to observe...
Today we will take a look at the precious metal and the setup we are planning to take Based on the current scenario, we can see three consecutive structures, each bigger than the previous one. Based on previous scenarios this is a sign we will take of an imminent breakout on the consolidation that started in August 2020. So, what is the final pattern we want to...
Today we will take the last year of price quotation and we will work on all the relevant levels we will e paying attention a) The main aspect we can see are the exteriors support and resistance levels (these are our framework) b) Inside our range, we can draw a trendline that may work as a relevant support level. From there, we can expect a bounce and the...
Today, we will take a look at Square INC. a) The price has been inside a corrective formation since February 2021 b) On August 2021, we saw the first attempt of a breakout, and since that movement, the price was not able to make a new ATH c) Currently, we can see an ABC pattern on the edge of the previously broken structure d) What to expect from...
Today we will talk about the AMZN setup we have currently pending. Most of the time, we never have more than three setups executed at the same time. One of those is Amazon; after the breakout of the massive range, we observed a Flag Pattern on the edge of it, which is a sequence that has been repeated with different variations across the history of the...