ZaviStocks

ZaviStocks

From its height of $94 in June of 2020, NKLA has certainly seen a beatdown since then. We've reached NKLA's original levels before the bull run. For NKLA today, $13 is a critical level of resistance. Let's rewind the clock again: we broke through $13 in April of 2020 and bounced off of the same level, which was when our NKLA rocket took off. The same level was...

ZaviStocks

Using the 20/50/200 as indicators for a potential LONG term trend, AAPL looks prime for a nice fall down, alongside the rest of the market. Apple's first line of defense, the 20 MA, was tested multiple times in late April and early May, but clearly failed to have any decisive move through the 20 MA's dynamic resistance. Today was blood red for most of the market,...

ZaviStocks

AAL made quite the move during the nights of April 23rd and April 26th, and that move was a gap up above the downtrend, with an open at $21.46 and a close at $22.00. This invisible move is very bullish, as AAL was in a downtrend for about a month and now the gap up has broken the trend. We failed to break $22, and are now ranging between $21.64 - $21.06. However,...

ZaviStocks

NIO is looking good for the long haul, based on the activity seen in the past couple of days. After a rough couple of weeks of the stock heading in a downtrend, we see a light at the end of the tunnel for NIO holders. On the 30 minute chart, yesterday was a great day. If we follow the drawn trend line heading downwards, we see NIO grinding across the $35 mark, and...

ZaviStocks

A rather unfortunate day for PLTR as we see open red, and continue to draw blood until close. The rejection of the previous support @ $22.60 has now become resistance, indicating a potential bear case. The respected rejection in regards to the observed downtrend also plays in favor of a bear case, as do the lower lows and lower highs. If we break $21.05, this may...

ZaviStocks

A detrimental decision was made for NIO at the $35 mark recently, where a previous area of support was held on March 8th. As we can see, we had a false breakout before close, but ultimately the last bullish 4-hour candle proved otherwise. The chip shortage certainly was a staggering blow, but the continuous retest and bounce off of $35 convinces me that we may see...