Gap from ER not filled, held by 100 & 200MA, very bullish signal, and strong uptrend since then gap filled from the previous gap up, also strong bounce off 20MA, closed at the previous pivot point. MACD & CCI both pointing up, the only thing I'm concerned with is the volume. I expect we break here and go to the previous high 131-135 range
support at previous resistance, 50MA very small wick shows good support & buying confidence. Bull case: expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38 Bear case: SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
TSLA has been coiling since early Sept, w/ all catalyst gone, the sale volume has been decreasing. CCI going uptrend with MACD crossing shows sell cycle is about over. w/ the EV sector going hot again, I anticipate that TSLA will have a breakout soon
on day chart AMD forming an S/H/S pattern, on watch to see if it will break through $88. If rejected, we are in for a short play
A bit disappointing that NIO coiled for another day with low volume, but we are trading in a tighter triangle than before. It might need another day or two for us to see a breakout soon. Reiterating we should see a very bullish run-up to ATH $22.59. If we break there, there is no resistance above and will be a quick run-up to the fib127 level again of $24.18.
HYLN/SHLL at critical support, Fixed range POC at $39.50 level, and CCI level shows oversold. I expect to see a nice bounce-back b/t tomorrow. Especially, with HYLN ringing bell tmr, there's no reason for further pullbacks tomorrow. PT: $49.58, POC in the fixed range in September. SL: $37.02
NYSE:SPG mostly trading sideways after June. As a COVID recovery candidate, if you want to get in early, sell put strike $65 weekly for a premium around $250. Even if you get assigned, that brings your avg to $62.5, which is below the POC from fixed range volume and the buying spree on 8/10
NIO recent trades mostly happened around $19, great bounce back from the support, we were shy of $1 from our last prediction. Thur & Fri pullbacks are at the half volume of previous buying days, which is a very bullish sign. Friday candle closed an inverted hammer, a trend reversal indicator, with this we may or may not see another pullback to retrace to fib...
NIO CCI above 100, MACD about to cross, and we closed the day at ATH again. Different than before, we are at the midpoint of the uptrend channel this time, with very good volume. possible entry above $21 sustained, and long to the fib 127 lvl $23.77.
Uber closed at high from June, resistance tested 2 days in a row, it's very likely we see a retest for the 37.75 level after a breakout. W/ the news from London, it's very likely we see a test for the high before march of $41.25, a more conservative target would be fib127lvl $40. If not held, take short position and we may see it go to a higher low above $36
NET within trading pattern, attempt resistance brekaout rejected twice, go short if trading above $42.40 resistance.
AAPL breaks the downward trend, we can expect bulls to try to reclaim fib 0.382. Pay attention to $112.85 where last time AAPL was rejected. Aggressive play entry at market open and aim for $116. Conservative play entry after the bulls reclaim $112.85. Both plays can set stop loss using 20MA at $109.31.
AAPL breaking the downtrend channel. It may retest $110 at market open if held a good entry for a new bullish trend