Advanced Micro Devices Inc. ( NASDAQ:AMD ) continues its meteoric ascent, with shares surging to new record highs, propelled by the chipmaker's pivotal role in the artificial intelligence (AI) revolution. As NASDAQ:AMD 's market capitalization surpasses the $300 billion mark for the first time, investors are bullish on the company's prospects in the burgeoning AI...
Feb 12 to 16 - Another wonderful and Powerful week for the Indian Market where our market deceived the Global markets and Stood Strong and Tall while Global Markets were Bleeding. It was very evident that Nifty and its cousins (Smallcap, Midcap, Energy, Auto, Pharma....) are super strong and are heading for newer highs Here is the Technical View for the Week of...
We are wedging between strong buying algorithms and controlled selling algorithms. Looking for the buying continuation to break us out of controlled selling channels and retake a strong level to then retest, act as support again, and attempt to retest new highs.
My trading plan does not allow me to buy into new highs. However it's not safe or practical to aimlessly short the high. A sell stop order is how I safely trade the highs. I am Bearish to Neutral for now. Waiting for significant signs of bullish support. Seasonally, the market is Bearish/ corrects on average going into February. 🫡🌊
This Dow component attempted a new all-time high and failed. However, it has ample support from the prior sideways trend after the previous all-time high. NYSE:CAT has been over-speculated as it moved out of its bottom low. The company reports end of January. Watching to see how the stock performs in the next week or so should indicate whether it will be stuck...
United States Steel (NYSE: X) Shares have been on the move with the stock up 5.9% over the past month. The stock hit a new 52-week high of $36.64 in the previous session. United States Steel has gained 45.8% since the start of the year compared to the 7% move for the Zacks Basic Materials sector and the 28% return for the Zacks Steel - Producers industry. What's...
EURCAD has been on a bullish trend for long and it's showing signs of more bullish move to 1.49390, as we can see patterns, continuation patterns that shows that price will continue it's bullish move, but now I expect price to break the resistance zone and retest it to go head to 1.49390.
On this H4 timeframe we can spot that price is on a support zone , and that same support zone is a support zone for the weekly and daily timeframe . Now what are my expectations? We can spot that on the support zone I marked a blue horizontal line, that line indicates the low of November 2022 and the lows of last week, so we can say it's an equal low, and equal...
TVC:DXY Hey Traders, I hope everyone started good in the new year! For this and the next week I'm looking for new highs in the dollar. My next ideas which I will post will not have so much written informations. I will just uploud my chart with a few words.
* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector of 6.25 * Breaking out of a 2 month base with higher than average volume * Held up very nicely during the recent market conditions Trade Idea: * Now's a great time to enter as the markets are showing signs of recovery * Still close to the broken level and adding to...
Gold is in its' last wave up (Wave 5) and specifically in wave 3 of 5 (the strongest impulsive wave), it is now on its' trendline which has been intact since March 2020 and is a sub trendline of the bigger uptrend that has been intact for 4 years now. Moreover, gold is now on the 61.8% Fibo level which supports the scenario of gold going up. Targets are...
After a false alarm on a double top formation Once again we have a nother N3 pattern repeating above the 50’s currently on the accomulation zone
As Kuh Kuh Cathy Woods finds God and re-discovers "Faith" in investing - her flock discovers the very same religious experience. Faith in Central Banks ability to backstop Markets is accelerating. The phenomena is not limited to TECH, it is global and it has expanded to every Capital Stock - Real Estate, Equities, Commodities and Bonds. Crypto and the Metals...
Looks like blue skies above. Sellers gave it a hard time on the way up. I wouldn't expect a massive at the top. New highs aren't a new thing.
NSE:BANKNIFTY Bank Nifty has entered the bull market and is making higher highs and higher lows. 1 hour chart showed negative divergence and this stock could possibly retest its previous zone which is also Fibonacci 60% retracement which makes it an important zone. After the retest it could make new highs.
Hello, thank you for taking the time to consider this idea. As I have detailed above, I am waiting to see if ETH will achieve 30 fib retracement, where it then would have the possibility to jump up again. This is just my analysis based on technical indicators and personal opinion, plus the fact that ETH has just blown our minds since Immutable-X (layer 2 scaling...
As LTCUSD price rushes into new high today, it is expected to make a correction and slight bounce from the second trendline. Observe the path, if however, the price does not obey the retest and the lower low shown on the path. Means the price had disobey this analysis. Happy trading. Thanks for the like.
Hello traders! Doge looks like strong bullish and it has not given strong moves yet like the other coins but after this correction breakout, Doge will aim to make new highs. This bullish move can go up to 0.54 and we will see a big drop from 0.54. It is good to take the profit when it hit new highs. This trade Valid till 7th may. In the long term doge will face...