As we can see, an ascending wedge pattern has clearly formed on the AMD 1 YR chart. This means we could be in for some bearish movement going forward.
After having traded in a tight range between $89-$99 for over a month now and constantly getting rejected at the $99 level, it is hard to say we might breakout over $100 after the next earnings report which is to be...
With current valuations going sky high, we're not very far away from a bear market. Brace yourself over the next few months, because if you're playing with fire, you might as well have some water handy. Now before we go down, I do see a run up to the $410-$420 level just to add in some more bulls.
Stimulus, COVID, tech bubble, TSLA rally, SPAC frenzy, Zero...
Today's selloff saw the validation of the $215 support line, forming a nice cup and handle formation.
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the...
SNOW is currently trading below its 9 EMA and forming a broadening triangle pattern on its chart. Current levels could be signalling a bull trap.
Closest resistance is $290-$291 level.
Considering the second lockup period ending on Thursday, it's safe to say that we may after all see some selling. However, keep a lookout for a break of $284, which would break the...
For over a month, we've watched NVDA closely in a tight consolidation range. After being rejected multiple times between $530-$540 and seeing a pre-Christmas drop to $517, it's highly likely NVDA could breakout soon.
Now the question we should be asking is if the $517 level holds on Monday. The uptrend trajectory loses hope the moment $517 is lost and we could be...
As we saw $695 on the TSLA chart a few days ago, a S&P 500 inclusion has helped develop a new uptrend channel for TSLA.
While we have seen this channel hold so far, we have a couple catalysts on the horizon specifically Q4 delivery numbers and stimulus boost.
For this channel to hold TSLA must remain above $630. A drop below and we could see as low as $540....
For the last 3 months we've been watching AMZN coiling. Day traders have found ways to buy puts and calls at major resistance and support lines. However, most of us have found it frustrating trying to find direction.
The pattern that I currently see forming is the bullish pennant. AMZN has constantly found it hard to move past the $3200 the past few weeks and if...
TSM has continued its bullish uptrend since March following the rest of the stocks in its sector. In the past month, it has swerved past the $90 resistance that has been holding it down and continued an even steeper uptrend. The uptrend channel looks strong and has only shown weakness back in July. Surrounding the stimulus news and the fact that it has been a...
CRM has shown strong support at $220 in the last few trading days and has shown weakness at the $229 wall.
The $228 support that we found in October has subsequently turned into a resistance point.
The following are the three outcomes for CRM stock in the next 3 months:
1. If it smashes $229 resistance, the stock could rally to $240
2. If support at $220 is...
