longsonvn

longsonvn

As of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple). The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction...

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During the week March 18, 2024, NASDAQ:MU broke out above a huge 3-year base as shown on the chart and from there went up 30% before the ongoing pullback. A pullback to the 10-week moving average (the pink line) which is currently right near the upper resistance of the previous base, would provide a good buying opportunity.

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In a long-term uptrend, corrections are inevitable. How much the correction will be depends on each individual stock. At the end of the session on April 17, 2024, NASDAQ:NVDA is correcting towards the MA-50 and is temporarily closing below the 10-week MA, if during the session on April 18,, the last session of this week, the stock cannot recover above it. The...

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After the close of April 17, 2024, NASDAQ:AAPL is at the weekly low since March 2024 (the yellow horizontal line) and even since October 2023 (the white horizontal line). There is one last weekly session which is April 18 to see if NASDAQ:AAPL can rebound from this long-term support. IF it will close below this important support, the symmetrical pattern...

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On April 17, 2024, NASDAQ:ASML broke down from its trendline, as shown on the chart, after its earnings release. Similar to NASDAQ:ARM , the breakdown occurred at the same time when it crossed below its 50-day moving average, which signified a sell signal for both stocks.

longsonvn

On April 17, 2024, NASDAQ:ARM broke down the support AND its MA-50 which is a sell signal. We can observe similar break-down pattern in $NASDAQ:ASML.

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As the close of April 16, 2024, right before the earnings, NASDAQ:ASML is moving to the end of the symmetrical triangle pattern as shown on the chart. The earnings will be the key for this stock to break out above or break down. I have no positions in NASDAQ:ASML right now, but still holding $NASDAQ:NVDA.

longsonvn

As commented in the related ideas section about CRYPTO:BTCUSD , the previous consolidation zone between the 2 white lines, which I expected CRYPTO:BTCUSD to break out and hence placed the buy stop order at 71800, already failed on April 13 when BINANCE:BTCUSD broke DOWN its MA-50 on war news. The expected trade therefore was never triggered and I am...

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On April 11, 2024, CRYPTO:BTCUSD recovered from a higher-than-expected CPI selloff, crossing above its MA-21. As of 1:56 AM UTC, CRYPTO:BTCUSD is still moving in a consolidation zone right below the resistance $71,800 - $72,000 and a breakout through this zone would provide a buy point.

longsonvn Updated 

On March 12, 24, I wrote about NASDAQ:MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity. Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point. You can see these 2 posts below in the related idea section. However today NASDAQ:MSFT , although...

longsonvn Updated 

As mentioned in my previous ideas about CRYPTO:BTCUSD , it has been moving in a symmetrical triangle pattern during a consolidation. On April 8, 2024, after 25 days consolidating, CRYPTO:BTCUSD finally moved out of the pattern, presenting a buy signal.

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NASDAQ:SMCI is a clear leader during this bull market. However, after a 260% run-up from a previous buy point as shown on the chart, the stock is struggling to move up further. Now it might slowly form a Head & Shoulders Pattern, and a breakdown through the neckline would signal a sell. Interestingly, the neckline is right near the 50-day moving average (blue...

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On April 4, 2024, CRYPTO:BTCUSD is consolidating in a symmetrical triangle pattern. A move above this triangle would provide a buy signal. On the other hand, a move below this triangle will invalidate the pattern. However, based on the longer-term uptrend in Bitcoin, I will not short it for now. I am only looking for long opportunities.

longsonvn Updated 

On March 20, 24, NASDAQ:LRCX reclaimed its moving average MA-20 which provides a possible entry with a stop loss below the MA-20.

longsonvn Updated 

NASDAQ:NVDA is THE leading chip stock during in AI-powered bull market. The stock is currently trading near its ATH and right at its MA-20. A break through the resistance to move into a new high would be an appropriate buy point.

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As it is trading below both the moving averages MA-50 and MA-200, we should expect NASDAQ:AAPL to go down further. Until it doesn't. To be clear, I am not shorting NASDAQ:AAPL , do not have any plan shorting it, and never ever short any stocks in general. As described initially about the stock in an another post in the related idea section, I am looking...

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As of April 4, 2024, NASDAQ:AAPL has been moving in the range $170 - $176 for nearly 1 month since March 6, 2024. It keeps trending down together with its MA-20, with a failed move up on March 20. On April 4, it also touched the MA-20 only to reverse down together with the overall market and closed at the lowest level. A stock can keep going down until it...

longsonvn Updated 

On March 20 NASDAQ:MSFT reclaimed a previous resistance as show on the chart, and on March 21 went up into new high. A new high is a good entry point for trend-following traders.