BIIB has broken a long running bearish trend since Jan 2023 Entry @ 223 TP1 @ 255 SL @ 200 Fundamentally strong stock hence the far off Stop loss but still a 1:2 ratio risk reward
SMCI is following a very even descending resistance line . As per the chart watch out for a breakout and only make an entry upon breakout of this resistance line as per recent earnings its good value at the moment (770 ) to get in and accumulate it can come down to 710 and next support is 670 anything between that value is a very good value to accumulate...
TSLA reaching 180 today pre-market is confirmation of bullish reversal after testing 140 support the confirmation will only come after TSLA breaks 240 strong bear trend channel resistance . only then it will confirm a complete breakout but still pre-cauations must be taken as TESLA did a fake breakout last time. for short term gains Tsla entry at 183 TP @...
NASDAQ broke a long term ascending support channel yesterday and its not looking good The next level of support is 15800 to 15900 levels There can be a bounce back from that level since overall there are bullish sentiments but breaking down 15800 means we might be looking at 15000 level
Tsla looks bound to hit the next bottom support which is 163 RSI is not even oversold yet so there is a chance that it can go below 163 and next stop would be 150-152 range 150 is the channel bottom as well . so we might have a chance of a bounce back technically. If it goes below 150 and a trading day closes below 150 then we are going to 100-105 range which...
DQ has finally breakout from its bear trend Next step is we need confirmation that its a bullish breakout , it should retest the descending channel resistance outer line which should now become the support Once the retesting is confirmed entry can be made around 27/28 area Entry @ 28 SL 20 TP @ 36
Simple Double bottom chart pattern has been in making and it is presenting a bullish signal technically . This means a movement towards the channel top of 221 Entry @ current price Stop loss @ 168 TP @ 221
I dont see any signs of recovery Until it breaks aways from this bear channel. I dont see any positive signs technically Earnings coming soon and it looks like it will hit the bottom again or may be even go lower if there is a miracle then it might reverse but that doesn't look like on the horizon technically! STAY AWAY!!
It seems like BABA bottom was defined @ 66 It is now slowly and steadily recovering but I wont call it a reversal until it hits the FIB golden pocket at 90+ Once it hits that target then an entry can be made to ride the wave to recovery At the moment its still in bear trending channel so better to stay away until it hits 90
No hope for return , its continuing its bear trend , there is no confirmation of reversal , no sign of reversal . double bottom hitting now . Get out of NIO before it becomes a penny stock!!
SRPT bullish movement in a simple resistance and support testing strategy Entry @ 125 Stop loss @ 114 TP 1 @ 134 TP 2 @ 141 TP 3@ 150-156 range Keep it simple
SOFI is now in a nice bullish upward move after the earnings correction . Due to upcoming NASDAQ correction next week . SOFI might drop and test the support level of 7.68 Entry can be made with a strict stop loss of 6.90 It is just bouncing up from its 200 EMA/SMA which is a great sign of bullish movement .we can see the previous bounces off the 200 EMAs have...
BAsed on the last two dips the descending resistance trend line played a key role Using those as a reference we can see that resistance is now broken and an important level of 193.65 is about to be broken . Slow upward movement also giving good bullish signals since the bottom of 175 Entries can now be made with a strict stop loss of 173 Remember we are...
NASDAQ strong bearish divergence formed The correction will look like around 500 to 600 points The next strong support 15500 . It will be a great entry point for buyers Other analysts are also suggesting a greater correction till 14500 points but I think in an election year this is not going to be that huge correction but no one knows and who actually knows ?
Bull Case for SQ ! Fundamentally its a very strong stock that has fair value at 80+ Tehnically there are multiple bullish cases 1) it is bouncing off a fib golden pocket retracement 2) it is making simple HH and HL as per dow theory 3) if it breaks above 72 level then it will be breakout from a very long bear trend Entry @ 73 keep in mind it might...
ANET is fundamentally looking like a very strong stock Analysts ratings are a strong buy even at this price yes this price :) Currently its earnings are coming soon 12 Feb which could mean a two way movement At the moment it has broken its own bullish channel and looks like it has room to run more then 300+ stop loss @ 243
V has been in bull trend since long time and now after great earnings it has just broken out of the bullish channel and retested the channel outlines as new support . This is a sign of big breakout about to happen and we will reach 280+ very soon Entry @ 273 TP1 @ 281 TP 2 @ 295 Tp 3 @ 303 Stop loss this time due to my long term commitment and its strong...
NASDAQ important levels identified and a projection of movements also can be seen ABCD harmonic pattern identified which can indicate a bearish pattern so there are two strong cases of BEAR Volume divergence ABCD harmonic pattern A correction is expected now and can be one of the levels identified as support