My answer for the topic is yes. Disney has broken above the downtrend line, and formed a bullish head-shoulders reversal pattern, exactly repeating the previous price action in Oct 2023. Now it moves in a bullish channel. personally, in a short-term, I will take the nearest resistance level (high volume area) as the target for this rally. what's your opinion?
Nvidia is forming another symmetrical triangle pattern. My answer for the topic is yes! First of all, it is moving in a bullish market overall speaking, so it probably will have a rally if it could break above the symmetrical triangle pattern. it indicates the end of this medium term pullback, and bulls will control the market next. of course, there are still...
My answer to the topic is yes, but it may take some time. here are my reasons: firstly, the price is moving in a bullish channel, and closing to the upper channel, which indicates resistance to the current price. secondly, according to volume profile, the price is in the chips concentration area, which verified the resistance level is important. so, the price may...
Nas100 stock price is closing to the downtrend line, which shares the similar resistance area with Chips concentration area. therefore, this resistance area is very important, and it might be not easy to be broken above.
First of all, the price has broken above the downtrend line, and started to moving in a uptrend market. However, according to the trading volumes, more chips are bought in the top area, meaning that there's strong resistance above the current price. Therefore, I think the price might continue to fluctuated below the resistance area in a short term period.
First of all, Nvidia is moving in a medium term downtrend, and on the way to lower low. so we could see that the important support area would be previous low area, which share the same level with previous high volume candle. In this case, traders who want to buy may need to wait for a better buy timing!
Is S&P500 forming Double top? A low-volume rise is a telltale sign. Deep valley below the double top meets criteria. Beware of large red candles, as they signal confirmation of the reversal. What's your opinion about it?
Nvidia is set to release its earnings report on Wednesday night, with expectations sky-high. Market Prediction: 41% year-over-year surge in earnings 113% increase in sales, reaching $28.73 billion. This would mark the fifth consecutive quarter of triple-digit gains for the AI chip giant. What's your opinion about NASDAQ:NVDA earnings?
Firstly, Tesla is closing to the downtrend line, which might be rejected to drop. Secondly, the high volume candle shares the same level with this resistance area, double confirmed the importance of this resistance level. So, in my opinion, it may go bullish after break above the resistance level.
Overall speaking, Nvidia stock price is moving in a bullish market. It just break above the pullback area, signaling a potential rally. The price soared after break above the previous pullback area, which confirmed the high winrate of this buy point.
Bitcoin was supported by the lower band of the bearish channel, and moving to the upper band. The price now is retesting the support area from high volume candle, just like what happened on previous low. It might go bullish next if it could be supported.
Keep it simple: Break. Backtest. Resumption First of all, the price is moving in a bullish market. secondly, it just breaks above the bullish triangle pattern, and is retesting now. lastly, if it be supported, the price will continue to go bullish.
The Biden administration is nearing completion of allocating $39 billion in grants under the CHIPS and Science Act, aimed at revitalizing the U.S. semiconductor industry. However, the real challenges lie ahead. 1.The CHIPS Act, passed two years ago, is a bold attempt to bring advanced chip production back to the U.S., betting on Intel, Micron, TSMC, and Samsung....
XAUUSD price is forming a symmetrical triangle, and approaching record high territory. Triangle Continuation pattern and the buy entry will be formed if the price latter break above the short-term downtrend line. Can't go wrong with GOLD in this environment?
I'm closely watching the solar sector again, especially stocks like NASDAQ:FSLR , NASDAQ:ENPH , and $RUN. After the Trump/Biden debate, solar stocks plummeted because it looked like Trump might win. But now, with Kamala Harris running, the odds have shifted her way, and I'm optimistic about the sector since she's likely to support clean energy like Biden...
Nvidia is renowned for its stellar performance in the AI chip manufacturing sector. However, the company's core strength lies in building a business barrier made up of a tight integration of software and hardware, effectively keeping customers loyal and competitors at bay. Over the past two decades, Nvidia has meticulously crafted a "walled garden" in the tech...
we could see that it is rebounding from an overall downtrend market. And it's closed to the resistance area of previous lows, which shares the same level with the downtrend line, double confirmed the importance of this resistance area. So if it be rejected by this area, and start to showing sell signals like bearish engulfing pattern etc, the price may...
Technical speaking, we have predicted that last week, the s&p 500 might started to rebound, since we've seen three to four bearish candles before trend reversal in the past pullbacks, and last week was the forth candle of this pullback. And it just moved as we've predicted. And for now, the price is still rebounding from overall bearish market. So this week,...