As you can see the long term resistance (started on Feb 20) holds still. It failed to break out, for now.
I have no idea what will happen, but 3 scenario is possible.
First one: a healthy pullback is coming our way ( target: 3096.2) than a run-up (target: 3243.6)
Second: the resistance completely rejects the price, in this case, a lower level might be possible (...
CCL is trading at a key support level ( long term).
If it bounces back and holds, then it is a clear sign to go long with a price target: 16.85 and 18.14.
If it breaks down and stays there, then the first target is: 11.51
Be careful tho, because it is almost oversold on the RSI.
Well, I was not expecting this.
We are watching the perfect break-out right now.
High volume and a huge green candle.
I will be long on this one if it cools a bit off and retests the support level ( 121).
It got overbought very quickly on multiple timeframes, so be careful tho.
First bigger price target: 126,39
Support level: 121.06
This is a high risk, but also a high reward play, so be careful about it.
If it breaks above 3.01, then we might reach higher levels, such as 3.18 or 3.40.
Otherwise; we might retest the 2.84 support than bounce back, or the 2.76 level.
Strongest support: 2,76 (watch it carefully)
Strong resistance above: 3,39
Watch this one closely in the following days, because it might break above.
However, without high volume, we will sidle, or might even retest some lower levels.
Short term support: 9.56
Long term support: 9.32
Price target: 10.27
Getting some crypto trade ideas is hard because there are 2 main parties.
The crypto "Diehards" who believes: the proper play is always long, nevertheless, the chart says the exact opposite. And the ones who hate it and say; it is a big scam, so short it! There are few people who share a truly objective idea.
I am not into crypto and I am also not aginst it, so:...
As you can see, NIO makes the same moves as TSLA, of course, the shifts are not the same size.
Based on the chart NIO has the following price targets:
> Support at 7.86 (which is the 23.6% fib level)
> Resistance at 9.86
Soo, everyone's favorite stock ( except short-sellers)... TESLA. The Automaker which managed to reach new highs during a pandemic.
I personally would not touch TSLA right now, the reason is:
RSI shows: TESLA is highly overbought on multiple timeframes, and opened with gap-up which might fill soon
And earnings report could easily move the stock in an unfavorable...
At this exact point, the chart shows: we are heading to lower levels. The reason I am saying this is: Both indicators are down-trending( lower highs)
and the main trendline( yellow) is still not broken.
On the other side: a Regular divergence appeared on the MACD indicator which predicts a possible trend reversal.
Based on this, I see 3 likely outcomes:
> If the...
Soo, we are no longer down-trending.
Yesterday we had out nice upward movement, and today broke out from the previous trend ( started June 9th). However, the market isn't still open and need to validate the direction, but for now, it looks bullish to me.
You can also spot a Pennant pattern which makes me even more bullish.
I see 2 potential scenarios:
> It is a...
The Dow Jones started down-trending on June 8 and also painted a "Flag" pattern, but yesterday it broke out.
The RSI indicator is not tanking anymore, MACD shows a beautiful divergence, which signals a possible trend reversal.
For now, I am neutral (but more bullish than bearish) on this particular play, because of the potential scenarios.
I see 3 of them;
Based on yesterday's after-hours move, we might have some good potential today.
The company released some good news related to their product.
Based on the technicals:
>Support at 1.10
>Resistance at 1.96
If it breaks above, then a further upward movement is possible.
Well, if the recent upward movement continues, then we might have some good opportunity over here.
AMD is considered to be one of the best "comeback kings", which means once it was oversold, it usually runs back to overbought levels very quickly.
It was oversold on multiple timeframes recently, and based on the MACD indicator. We might see some trend reversal(...
Exxon Mobil is no longer down-trending.
Yesterday, it broke out with a high volume and tested back.
You can also spot a "Regular Divergence" on the MACD indicator, which indicates a trend reversal.
It was also oversold on RSI.
My first price target: 47,25, the second one is 49,47
Set a stop loss around 42,22 in case of dipping more.
My fellow degenerates!
I know you hate TA because it is bullshit, but take a look at this before you YOLO your entire savings into SPY puts/calls.
For now, the cart looks more bearish than bullish at first sight, but if you take a deeper look. You will notice that: SPY is oversold and is currently in a support zone.
I think we have to wait for a bigger move in the...
Our outlook for Monday is not good... nor bad.
We are in no man's land, like in the last week. The "US 500" bounced back from its last support(3004), but an impulse move down could destroy it easily.
On the other side: 3000 is also psychological support, the FED might not let it fall, but who knows.
You can spot a "Regular Divergence" on MACD with higher lows,...
So a few days back, I posted a potential short trade on MGM, it reached my target.
For now, it is oversold on the 1,3,6 month chart and is at a support zone(61,8% fib level and longer-term support line at the same time)
You can also spot a regular divergence on the MACD.
Considering these circumstances, I expect a bounce from this level.
My first target is around...
I don't like to talk negatively about stocks, especially not when it is about one of my favorites.
I got my first ever gain from trading NVIDIA, so saying: short it, makes me really sad...
But this is the case for now.
The reason is:
>We have limited upside(385.59), this stock pulled back from an all-time high during a pandemic.
>Both indicator is showing a...