We finally got the breakout we were waiting for on PDD and the makers set us up perfectly for a post-earnings gap up. Happy for everyone who followed along our analysis and held strong on this one. Or maybe even added on the dip like I did. We can expect some resistance at top of yellow here before a retest of white tapered selling and then an attempt to...
Support by an algo leads to resistance by that algo. In this case, we were no longer supported by teal selling but rather by HTF buying continuation. You could see that in order to finally break out of the tapered teal selling, we needed for price to build liquidity until it could activate our HTF buying continuation algos. More analysis like this to come! Stay...
SQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky. SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on.... SQ had bad earnings NVDA a very unrelated stock had great earnings pushing SQ up Recent gap up is clearly irrational Recent rally is unstable and should expect...
After a strong fall of reporting, Will it going to close the Gap-up ? Above the average line 150 + meeting the lower support trend line + 85% of gaps are statistically closed + RSI oversold. Only an idea and not a recommendation for trading!
We expected this move and were prepared for it! But this thing still has legs for further move up as we see from the past and proven by this week's strong movement! Happy Trading :)
My analysis on PDD Holdings and what I am seeing in the charts. Huge potential for a large gap up and breakout. Stay tuned as I'll continue to cover this as price develops. Happy Trading!
Before the close of the year the Bio Pharma Sector started running wild. It doesn't surprise me why i'm drawn to this company with all the catalysts coming out. Recently with a PT 40 From Roth MKM. The more you read about the news that comes from this company between CEO investor relations, Merger Deal with Immunogen and entering their phase 3 trial there is so...
FINNIFTY after a series of up sharp down moves is headed towards the zone where an earlier gap was not met. From my recent experience, gap up and gap down are always filled back either in the short term or a while after. Here we see FINNIFTY heading back to the unfilled zone which lies between 21305 to 21285. After a heavy downfall today, the index formed a...
--> 2 Qtrs Sales Acceleration --> Breakaway Gap on 6th Dec with High Volume --> Rerating Candidate --> 21 Bar PP Count: 5 --> 21 Bar U/D Ratio 3.6
1) runway gap in chart 2) 435 to 530 range of the stock trading from last 94 session 3) stock enter new stage 4) stop loss of 525 or below this level and target of 820 but one sentimental resistance in stock 600 level 5) SMA 20 495 , SMA 50 489, SMA 200 346 6) no recommendation for the stock buy or sell
Two CME GAPs to Fill Sell the GAP between them. $31k to $33k
EMA going to push price to 95 in coming days. 50 crossing 200 very bullish good risk management setup can bring best returns
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level. On the weekly timeframe you...
Looking at a textbook descending broadening wedge on the 1hr for GME, a breakout of this wedge could bring an easy 5 to 10% gap up.
Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close. Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60. Forecasting out to nov 2nd. The next earnings should be interesting. Williams, MACD, & RSI are all showing Oversold in this...
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80....
RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50. Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on...
Looking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to...