See why here! Market is about to open so rushing through this one but hope this was helpful to keep an eye out for Happy Trading :)
One of the biggest misconception on Tesla is that it is just an Electric Vehicle Company but that is not the case. Tesla is also a Robotics, AI and energy company. If you look at it from that lens, TESLA is undervalued and has a great future!! TESLA recently bounced off the $212 Support level and believe this is the start of a bullish trend. Targeting the $300...
ASTS has dipped into its weekly support zone offering a potential bounce from these lows with a high R/R potential. Disclosure: I have ownership here. I won't be in on the trade unless I grab some contracts.
Point target is 286 by early next week before continuing down move
INT C at big support . RSI oversold on every time frames, even monthly! This is monthly chart. Good risk reward for a long swing trade with a stop right below the red line. A bounce to 33.76 is possible. If goes down, not much to lose here... Trade safe!
SPX at trendline support. The most likely scenario for a short term bounce on this trend. SPX today intra day held this level and reversed course as it touched this trendline. If you short( bearish ) time to lock in some profits and for those not short or cash waiting for the opportunity to buy its time to go long or be bullish . We are also oversold here....
🔸️Ticker Symbol: NVDA 🔸️Timeframe: 4 Hour🔸️Investment Stratey: Short TECHNICAL ANALYSIS: NVDA is currently selling off in the market but could potentially see a bounce play incoming. The largest level of support for NVDA sits at about $166. This area also acts as a bottom deviation level on our bull Regression Trend Indicator. If we take a look at our bottom...
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020. Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge" IMO PLUG looks good for a swing to the upside....
a gap down in the nasdaq makes the most sense to me at this point, and i would guess that if we buy that up and defend the $23- high $22s we sould revisit TRAMA and get VWMA to change directions targeting high $23s - low $24s which is also around the .618 of the daily bounce retracement
I have a total of about 25 tickers that I'm watching. Some have already broken out & there are a few that I'll watch closely heading into June. In this 4:28 video, I go through 12 tickers that have potential upside strength, if the market continues to bounce. These setups are all mostly double bottom plays within a range after a climatic stage 4 sell-off....
Speculating that QQQ will create a new support line at 312 area. Once this support is created I think QQQ will receive more buy orders and the bulls will take over for a short period. Im thinking price will rise towards 322 area. However QQQ responds to 312 support will determine if I will be buying call options. If QQQ breaks 312 I wont decide to get in. If I do...
$SBUX seems to have found a support in this range after a month long sell off leading to earnings and a nice dip after weak report Holding multiple days support on 1D with a bullish hammer going in to the week of 2/5/22 RSI 28.87 oversold on 1D MACD tight is tight - looking for continuation or cross to downside Confirmed break of $98.8 could easily see a move...
Price is nearing a 5 year resistance level that it touched & bounced off of back in Jan 2017. Will price repeat itself & will this resistance hold for a possible short-setup here on the daily. What are your thoughts on this analysis? Everything is lining up and will be watching for bearish candle play before entry.
-Consecutive violent drops (3 is ideal) -5% to 10% red candles. -Last candle showed sign of reversal - hammer. TP: Next day candle or near next fib resistance. Exit: Below ATH
Daily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled Also in a buy/support zone on the daily Weekly Oversold 4HR at historic...
2 buy points will UBER bounce? Already having RSI contradiction
Visa has been bouncing clearly on ema 200 and also on bull trend line, 3 times! Very clean and Rebound. Bounced off a major support level at $220 beautifully. Visa has been trading at a very rich valuation, over 40x earnings and 20x sales. Its been selling off recently, down about 10% from all time highs. MACD is bouncing to positive and there is a V bounce at...