Zaitermo

Zaitermo

Hi traders, this is my first idea ever on Peloton even though I have been watching it for months but never had the guts to buy it considering how far it ran already. The selling pressure on this stock was heavy in recent weeks until it found support around $94 which was the support back in November 2020 making it a double bottom. The stock then recovered and...

Zaitermo

Hello friends, hope you had profitable trading with the markets recovery last week. Nikola was hit hard along with the EV stocks recently but hey if you think the drop is extremely bearish, please have a look at the pattern under development near strong support zone and lets prepare to profit in the coming days/ weeks. First, let's look at the long term...

Zaitermo

Hi friends, Xpeng was one of my favorite EV companies until it dropped more than 60% from its November 2020 peak. I am sure many traders have been buying the dip and I have some good news if you are still holding. Looking at the chart, we can see the stock filled the major gaps and found support around $25 (which was the resistance back when the stock got...

Zaitermo

Hi friends, I am bullish on EUR/CHF as it managed to break through the resistance around 1.088 as well as the long term down trending line which you can well draw in the longer time frames. The price then rallied towards the next resistance around 1.105 before getting rejected with high volume. From here I expect the price to pullback to retest the broken...

Zaitermo

Hi friends, in this post I would like to update my previous idea which worked out perfectly wherein 2 targets were achieved (target 1 & 2 as identified in the chart). It looks like Natural Gas wanted to test the broken H&S neckline again around $2.75. On Friday 26th Feb, the price made a fake breakdown but the closing was perfect with a bullish hammer closing at...

Zaitermo

Hello traders, Crude Oil has been in strong up trend and currently approaching the monthly strong resistance zone ($63.5 - $66). Whilst in the short term oil can go up more to get more liquidity and squeeze more shorts, in the medium term it looks like a perfect setup for a positional short trade with big targets. One of the clues we got is the bearish divergence...

Zaitermo

Hello traders, Palantir has been hit hard lately and I am sure many of us got stuck or lost in the process (I am one of you :)). Let's Forget, forgive, learn and move forward! I anticipate the bounce from the support around $24.5 (strong support from 21-Jan-2021) to continue today and next week probably. We got some clues that the selling is running out of steam...

Zaitermo

Hello friends, today I bring you the 4hr chart of Palladium which recently broke the downtrending line and reversed from the important support around $2200. Palladium is running now into resistance around $2365 while RSI turning oversold. I expect the price to pullback to retest the downtrending line which could be a nice opportunity to add long positions after...

Zaitermo

Hi friends, Square is another strong up-trending stock thus we need to buy the dips to ride the wave. This is a short term analysis focused on the 1 hr chart wherein we see a break of the downtrending line. I expect Square to run to the immediate resistance around $225 then probably consolidate for a bit ($209 level should hold) before breaking the resistance and...

Zaitermo

Hello traders, AMD is in strong uptrend so we want to be buyers on major dips like the one we saw last week. AMD currently testing the 100DMA which is acting as support along with the previous resistance level (now turning to support) around $85. The short term targets are outlined in the chart if market decides to rebound. Please share your thoughts and...

Zaitermo

Hello friends, it has been a while since I uploaded new ideas on Natural Gas (NG) as I was waiting for the pattern to develop over the past few weeks. As illustrated in the chart, the downtrend line got broken and retested for confirmation. Further, NG has formed a firm inverse H&S pattern with the neckline around $2.75. Breaking the neckline in the coming days/...

Zaitermo Updated 

Hello friends, I will keep this idea short as I have outlined all the analysis in the chart itself. Basically the stock broke out of an inverse head and shoulders with big volumes after which the price came back to test the broken H&S neckline and upward channel. I expect a rebound within next week to the target zone identified in the chart. Good luck and thank...

Zaitermo Updated 

Hello traders, EUR/USD could not break the support around 1.214 multiple times emphasizing the importance of this level as strong support. I have already added long positions near the bottom and expecting the breakout to happen this week. The short term targets are illustrated in the chart for easy reference. If the pair breaks the highs around 1.234, then I would...

Zaitermo

Hello traders, there is not much to explain as all illustrated in the chart. Basically the downtrend line was broken and we went down to retest it. Premarket price points to gap up today so either the stock will come down to fill it or it will go straight to the resistance zone at $47.5 - $50.5. Either way I expect the stock to run with momentum the next few days....

Zaitermo Updated 

Hello traders, looking at the pre-market price, NVIDIA looks like gaping up meaning a breakout of the triangle illustrated in the chart. If this to play out, expect the stock to tackle $535 - $545 zone followed by ATH around $580. I see this as a low risk trade considering the strong trend of this stock and as usual; the trend is your friend till the end. Place...

Zaitermo

Hello friends, as you may have seen in my previous ideas, I have been super bullish on this currency pair and called for the triangle breakout which eventually happened last week. The breakout came in perfect timing to confirm the breakout in the higher weekly and monthly timeframes. So where do we go from here? The reason I am using the monthly chart for this...

Zaitermo

Hello friends, EOS has been consolidating and formed a "hot" cup & handle pattern as illustrated in the chart. EOS also broke the down trending line and can follow other cryptos run shortly as long as we stay above the downtrend line and 2.67 level on closing basis. The short term targets are shown in the chart. Please share your thoughts and if you like this...

Zaitermo Updated 

Hello friends, today I bring you the 4hr chart of XRP where we can see bullish divergence and bullish price action near 0.175 support. I expect the divergence to play out shortly; the confirmation would be a breakout of the downtrading line and most importantly the resistance around 0.25. If the breakout happen, expect XRP to shoot up all the way to 0.38...