Meta filled the downside gap, indicating a potential move to fill the upside gap today. The MACD is showing signs of turning bullish. My outlook is optimistic, particularly regarding the earnings of Microsoft (MSFT) and Google (GOOG) tomorrow. These stocks could uplift the market on Friday.
NVDA could potentially reach $840 either today or tomorrow, as there is a significant amount of supply waiting to be filled.
Following the market close, Meta's earnings report will be released. While I don't bearish sentiment, my trading strategy relies on patterns. Notably, Meta has demonstrated consistent upward movement over the past 5-6 months. Interestingly, what's typically perceived as good news can sometimes result in negative market reactions, and vice versa. This trend...
Amazon's earnings are coming out today after the bell. With consumer spending on the decline and key supports at $171, $165, and $161 potentially filling the February 24th gap, the stock faces crucial thresholds. A positive earnings report could propel the stock upward to around $185.
Here's what I've gathered: Prioritize thoughtful consideration before making decisions, especially in trading.
NVDA reached the supply area between $827 and $857 today, touching my initial support level. There's a gap at the bottom awaiting filling at $743 and $689. Caution is advised, as market movements can give the impression of an upward trend only to swiftly reverse course, resembling a rollercoaster ride.
Currently, NVDA seems to be forming a double bottom pattern, indicating a potential upward trend in the stock. I plan to wait for a pullback to around $892 before entering a long position. My profit-taking targets are set at $924, $940, and $967.
I'm extremely bullish on the cost, aiming for a target of 738 or higher.
NFLX falling from the riding wage. look like about to fall to $596 my target.
If it breaks out to the downside, tomorrow might see a significant decline. Anyone with expertise in navigating such situations, please share your insights on making a profit.
The market showed signs of positivity as Powell spoke, but some observers sensed trouble brewing. It appears bears are eager to exert downward pressure. Let's hope for profitable opportunities through wise calls and a collective effort to buoy the market today.
Support did not hold against the downtrend; instead, the price rebounded back to resistance and pushed higher today. Bears should exercise caution as the trend appears to be changing.
META is showing strong resilience, consistently bouncing off my trend line upon retesting. The upward momentum in META appears promising at this stage.
The major supply level for NVDA stands at $893. I've recently closed my position to lock in profits and await the next opportunity. Currently, the price is positioned above the VWAP's yellow line and surpasses the red line of my POC indicator. Although the MACD still indicates a bearish trend, there are signs of a potential shift towards bullish territory with a...
AMZN appears to be in an upward trend, but it is currently experiencing consolidation in the middle of its price range.
Regarding NVDA, exercise caution today as there appears to be a concerted effort to lower the price. If contemplating a long position, exercise additional care. Despite attempts to raise the price, it has faced multiple rejections around $907. Today, they've managed to push it below $900. My subsequent target is $884. The price has touched the support level of...
NVDA appears to be moving sideways, caught between bullish and bearish sentiments on this last trading day of the month. It seems there's strategic maneuvering in play leading up to the Federal Reserve's announcement tomorrow, especially with the market closed on Friday. There's a possibility of a significant dump of money as investors position themselves...
It looks like the reversal head and shoulder on TSLA. There is a lot of room for the upside.