The 9 Day EMA and 30 day EMA have crossed on all the minute time frames, and it is nearing on the hour time frame. TSLA has also experienced alot of bad news with more to come and is failing to break the channel.
Hope you all had a good memorial day, however it's back to business. After a green week in the stock market for once The stock market could continue to make that push up through about the middle of the week where it then might make a correction. however a short term target for the dead cat bounce would be 319 due to the 285 support being held very well and very...
The QQQ being in a downward trend gives us the advantage of trading with the market. We also see a wedge forming and the QQQ making lower highs and lower lows. We can also see the resistance is holding very well around the 295$ level, and is not giving in to any sort of bullish move. The price will bounce off this resistance then possibly bounce down using the...
After the earnings report WMT fell over 10% and that is every bears dream especially as we may be entering a bear market things are looking bleak. However there is a difference in a healthy bear market where money is lost gradually and isn't lost 10% overnight. so as the overall long term position on Walmart right now may be bearish the short term for this next...
With losses ongoing for the last couple of weeks, KO is not dodging its fair share. With the double top coming in the 15 minute timeframe and the bearish cross of the RSI and my Other widgets, its safe to say tomorrow will not be a very good day in the markets for Coke.
Strong bullish candle through the support may cause a slight correction and test of support. However we are seeing higher highs and higher lows. After some massive losses over the past few weeks this could be the turnaround that AAPL needs for another bull run. Price target for the bull run is 175. The price is also well below the Price Target of 180$ for the year.
AAPL has been forming a Symmetrical Triangle for some time now, but this could be the red week the bears need to break it out the bottom for a long breakout to the 150 support. However if the bulls are able to hold the support and push it up to the the next support and break it we could see a long breakout to the 170 resistance.
VZ being a failing there is no surprise for this chart pattern. VZ has shot below its Low price target for the year and We are seeing a very oversold VZ using our indicators and by looking at MA’s. Verizon will make a slight correction back up on the retest, but once this correction is over the VZ run will quickly end. The stock could fall to low to 40s or even lower.
AAPL may be forming a rising wedge which could be a sign of bears gaining control, however if it breaks above the wedge we could see a run up to around 180-190 in the coming days, but if it is not able to break above the stock price could fall down to the 155-160 support.
NVDA is nearing it’s 210 support which has been a very strong support in the past for NVDA. If the support is held we could see a bounce up to around 260. However if the support is broken we could see NVDA crashing down to the 200$ support.
AMD is holding its strongest support very well, checking it 3 times and hasn’t failed yet. Should definitley watch out for potential bear signal, but we could also see a big leap in AMD in the coming week back up to the moving which as it stands today is around 115$, which could be a good price target.
