dorfmanmaster

dorfmanmaster

Using Fibonacci Retracement tool from Covid-19, march 23rd 2020 bottom o a weekly candlestick chart. 23.6% at $351 38.2% at $316 Heavy resistance at $380

dorfmanmaster

Capitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market. For as long as we have been able to use the 200 weekly weighted and simple moving...

dorfmanmaster

After the Shooting Star we had on a weekly, and the continuation of this ending this week before a long weekend on the NYSE, I believe the short-position could play out well. The bearish wedge formed has a measured move to a 30K; which is coincident with 2021 heavy support. If we can see a test of 28K to freak people out and a close (weekly basis) above...

dorfmanmaster

Weekly chart of BItcoin shows a shooting star. BTC could not get out of the upper range. We should see some selling to test 33K.

dorfmanmaster Updated 

50sma has been an important moving average for this ETF. We see 3 consecutive tests of the 50sma as resistance and a bounce lower. As we see lower highs and lower lows, the bearish trend is confirmed. I expect we fail again and test the blue line ($144.5).

dorfmanmaster Updated 

The moving average you see drawn in blue is 26 weeks = 6 months. If we stay above this line, there is no reason to think we won't go higher; in fact, this level is a great place to enter a position. There is also horizontal support around $450.

dorfmanmaster

When looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend. Taking a look a the SOXX, we see we are at a potential place for a bounce. I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past. A close on a weekly basis below this level is the signal to get out....

dorfmanmaster

We are testing a range that has seen some buying. Using the last true support in late-August 21', and extending the Fibonacci retracement settings to test the next 61.8% Fibonacci level, we get a similar expected move at $330 approximately. I expect SOL to consolidate around the lower part of the range, and start its uptrend in March. The time horizon for...

dorfmanmaster Updated 

The momentum indicator shows the speed of motion of the symbol as it goes bull (positive) or bear (negative). When the candle closes dark green on the momentum indicator on the weekly, the momentum turns bearish, and the price action doesn't turn around until it's dark red, which is when the bottom is in and it's good to start looking to accumulate for long term...

dorfmanmaster

Very easy to visualize, long-term bullish channel still in play. Presenting buy at bottom of the range. The next step for higher prices is to break horizontal (light purple) horizontal resistance.

dorfmanmaster

As you can see, the price has respected the 200sma (blue) since the break from Covid lows. Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated. Trade setup: Target around $1000 for profit-exit. Loss-protection exit 1-2%...

dorfmanmaster

MSFT has tested and bounced of the 100sma 9 times, since September 2020. In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level. Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation...

dorfmanmaster

When we see a moving average with an upward trend with higher highs and higher lows, the bull trend is confirmed. Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective. We also see a test of September highs as support at the same level. Risk-reward-ratio is over 3 when targeting...

dorfmanmaster

IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs. Trade setup is drawn in chart. The risk-reward-ratio is above 4. Top 10 holdings MSFT (10%) CRM (9%) ADBE (9%) INTU (7%) ORCL (6%) NOW (5%) ADSK (2%) PANW (2%) SNPS (2%) WDAY (2%) Good luck.

dorfmanmaster Updated 

Upstart Holdings Leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for our bank partners. Our platform uses sophisticated machine learning models to more accurately identify risk and approve more applicants than traditional, credit-score-based lending models. They...

dorfmanmaster

The Nasdaq100 has been strong, and its trend is still bullish; however, short term we might see some more selling to test the bottom of the channel. It's a great exercise on any chart to use maybe 1 or 2 moving averages as use a weekly candlestick chart to see the bigger picture.

dorfmanmaster Updated 

The Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data. The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September. Using market...

dorfmanmaster Updated 

KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback...