There are possible trades on AMD on the 4HR chart.
- A possible double bottom has formed and the neckline is labeled
- The yellow lines are possible entry points
- The lines labeled " Profit level" are possible exit points
*Do your own research this is for educational purposes not investment advice*
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ENTRY: ~ 42
EXIT: ~ 55
STOP LOSS: 38
-We had an inverted hammer pattern in NIO and it was confirmed today as it didn't break the pattern yet.
- Looks like a good setup right now, as it is trading around the ~ 42 previous support level.
-We also have high volume which confirms the pattern + support level
$TSLA formed a double bottom on the daily chart
It's not a perfect double bottom of course. We will be seeing pullbacks at previous resistance levels (red horizontal lines) after we break above them.
If you agree/disagree with my ideas please comment below as to why.
NIO has been consolidating for quite some time. I figured this might be a descending triangle and the possible playouts that might occur are indicated by the blue arrows. The support/resistants are possible entry/exit points.
Please share your ideas or tell me if you agree.
Does anyone think this could be a possible setup/playout? We broke above the 1400 mark, so I think there would be a pullback to the white rising support trendline and then test 1440-70 mark again.
-Green is a buy opportunity
-Red is a sell opportunity