SHOP (Shopify) has dropped 70% since November 2021. Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022. The weekly RSI is slightly oversold and we're starting to see a bullish divergence . Bonds are bouncing already, which...
As the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish...
NASDAQ:DLO is one of the new hot growth stocks that is in everyones radar. The good thing is that as it has been beating up for the las few months, it may be a good play. Since December the MACD is been signaling a bullish divergnece. Now, after a good double-bottom it seems that the price has made a pause making a handle. This volatility compresion with low...
Constructive volume with reclaim of 9 EMA and more importantly mid BB 3 Day chart shows EMA rejection, but that could mean near term weakness - even if it finds bullish flow in the short term. Ideal long entry for me would be around 21 with SL as 20.0 (lower if you have bigger risk appetite) short term target would be around 40. (where VMA would be if the...
Many names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is...
Hello Traders and (and maybe Tech/ Value / Longterm Investors ?), ARK funds took BIG hit last year and sell-offs continue. (Panic and uncertainty at the market, raising Inflation and Interest rates, ... War or Pandemy, what could be worse ? WW3 ? ). So are the ARK funds Investable ? I believe so... but under some conditions. 1) Most stocks were simply...
The first thing to say is, "I'm faaaar away from developing a setup right now on PYPL; when things are melting, trying to find a bottom is a really unprofitable business (or at least for me). So that's why I use relevant supports/resistances or trendlines as main levels before thinking about developing new setups. In this case, the first trading opportunity I...
NVDA is my first buy in close to a month after being stopped out of everything at the beginning of the month. I bought a quarter position in the morning, followed by another quarter later in the day, bringing me to a half sized position at an average price of $238.86. Not in any hurry to add size until I get some traction with the shares I have. The green light...
Volume is a truth indicator. Last week's volume was the highest in the history of $ARKK. I think we have found the floor. Price action today is likely a lot of shorts covering. I would expect to consolidate around these levels for a few months before any major upside movement, but this is a good level to start adding to your growth portfolio.
NYSE:PLTR was in a rising wedge before it made the recent 43% drop. Now, on the weekly, it appears to be forming a falling wedge . What this means is that we see at least one lower low, before we can break the top of the falling wedge , and eventually reach all time high. Currently, the falling wedge is not confirmed because we have only two touches on its bottom...
Today, we will look at TSLA and the current situation we are in. Technical context: - The price is currently on an ABC flag pattern (yellow lines) - The price is close to an ascending trendline coming from March 2020 - The price has reached a major support level (900.00) What can we expect from here? Bullish perspective: Inside the flag pattern, we can...
MGNI : Despite the fact that I like the fundamentals of this company long term, the below analyses is purely based on technicals . As you can see the chart does not look that great, with all moving averages pointing downward. And the market has not been nice recently with growth stocks . However, I'm looking to buy a few stocks as a long term investment . I...
RSI leaving the oversold zone. Fibbonacci bottom @ 16.26 MACD curling up with CMF showing good money flow in Taken position for Santa Rally Fib pivot points - 18.40 - 24.56 - 30.72 - 34.53
SNOW : I put SNOW in the bounce candidate and potential continuation upward list. Why? 1. We retraced 50% of the move that started in May. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line. 2. Demark Sequential is on a 9 daily. (More details below on Demark indicators) 3. The chart looks like a...
LSPD : Growth stock . Got beaten down badly. This is the weekly chart and as they say... previous resistances become support once broken . Well this one is beautiful. If you trust that you might want to put LSPD on your buy list. I like it long term, as an investment . Entry level around 34. Is it going to crash to zero and prove me wrong? Of course it is my...
Perfect formation and setup for Energy stocks which I expect bullish performance till end of Q2 2022 and by then most likely 2 interest hikes will be already done. Then as of Q3 also due to base effect inflation will start to come down and rotaion will be from value to growth stocks. on Weekly chart it is even more visible. My 2022 portfolio will be on precious...
TVC:US10Y I'm just looking at the 10Y U.S bond yield to try and better pinpoint the overall macro conditions to expect for the equity market this year. Based on my technical analysis, 10YUS yield is currently trading in an Elliot Wave 5 wave ABCDE pattern, it's inside a triangle that seems to also be the extension of a cup and handle bullish formation. The (D)...
The Market's longer term uptrend still intact and things look cautiously optimistic. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names...