• After breaking its main resistance lines in the 1h chart, TSLA is in a bull trend, doing higher highs/lows, while trading above the 21 ema; • Since the short-term momentum is bullish, it should hit its next technical target at $177.65 – in theory; • The previous resistance at $169.60 (red line) seems to be acting as a support level today, which corroborates the...
• TSLA hit our first resistance: The 21 ema in the daily chart; • This corroborates with our reading, as stated on my analysis form Friday (check the link below this post); • Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements; • The 38.2% Fibonacci’s Retracement is the first retracement to work with; • So far, there’s no...
Hello traders and investors! Let’s see how TSLA is doing today! First, since it did a false breakout from our purple line at $ 635, TSLA is very bullish. It broke the 21 ema, and it broke the resistance at $ 700 (black line). Now, both the 21 ema and the line at $ 700 are support levels (remember the Principle of Polarity in Technical Analysis). Tesla is...
Hello traders and investors! Since my last update, NVDA is doing exactly as expected. Let’s see what to expect from here. First, in the 1h chart, NVDA broke our line at $ 182.90, and it kept going up, as the momentum was clearly bullish. Since then, it seems NVDA lost its strength, but as long as we stay above the $ 182, it won’t reverse and turn bearish...
Hello traders and investors! My last analysis on AMD was on April 27, but my previous reading was very accurate, as it respected our key points very well (link to my previous analysis below this post, as usual). Now, we must update a few things. First, in the 1h chart, AMD reversed the trend, as we expected, and even when the volatility increased, it couldn’t...
Hello traders and investors! Let’s see how AMZN is doing today! Like many other stocks, AMZN is trying to reverse. After finding a bottom around the $ 2,048 (blue line), AMZN bounced and it dropped again to this line, making this a possible Double Bottom chart pattern. This is a powerful reversal pattern, and usually it works very well, when triggered. In this...
NYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, at 4,456. According to the Principle of Polarity, previous support levels will work as resistances in the future (and vice-versa), and this is exactly what’s going on here. As evidenced by the red circles, the 4,456...
Hello traders and investors! Let’s see how CRWD is doing today and do a complete MTFA on it! In the 1h chart, we see a clear bull trend, and there’s no reversal pattern around. The 21 ema is a technical support, and as long as it keeps above it, there’s no reason to worry. However, we could see a reversal if CRWD loses the red line at $ 190.36. In addition, as...
Hello traders and investors! Let’s see how GOOGL is doing today! In the 1h chart, it is a clear bear trend, as it is doing lower highs/lows. However, we have a key point to watch from here: The dashed line at $ 2,754. This line was a previous resistance before the Monster Gap after earnings, and when GOOGL lost its strength, it worked as a support for the price....
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, it is clearly in a bull trend, doing higher highs/lows. There’s not a single bearish candlestick/chart pattern around, so all we can assume is that the trend will persist, until a clear reversal occurs (Dow Theory, 6th tenet). If it loses again the purple line, then it’ll ruin...
Hello traders and investors! Let’s see how AMD is doing today! This is going to be a complete Multi Time Frame Analysis (MTFA), and we'll study the hourly, daily and weekly charts! As we thought, the $ 100 area is a strong support level for AMD, and it did a Double Bottom and an Inverted Head and Shoulders chart pattern at the same time, in the 1h...
Hello traders and investors! Yes, NVDA is behaving amazingly well recently, and I have some updates for you. In our last analysis, we identified the $ 198.80 as the key point here. Indeed, once defeated, NVDA went up for a while, but now it is correcting again, only to meet the 198.80 another time. Now, this price is supposed to work as a support for NVDA, as...
Hello traders and investors! Let’s see how the SPX is doing today! In my last video, we talked about one of the most important principles that govern technical analysis, the Principle of Polarity . It is a must-know technique for any trader that states once a resistance (support) is defeated, it’ll become a support (resistance) in the future, next time the...
Hello traders and investors! Let’s talk about AMD again! As we expected, against all the pessimism, AMD was not a sell, as we thought. My last public analysis was 10 days ago, and the link to it is below this post. Yes, AMD did a bullish structure near its support level. We have a Piercing Line pattern, a very well-known reversal candlestick pattern, just...
Hello traders and investors! Let’s see how the Nasdaq is doing today! It didn’t trigger any pullback sign since our last analysis, and as we thought, it is just trending. I see nothing around telling me it’ll drop again, but we have some possible patterns that could cause a pullback here. First, notice the purple trendline . We talked about this line last week,...
Hello traders and investors! NIO hit our target at $ 50.40 this week, since we set the target at this level, on Jun 14 ( link to this analysis below this post, if you are curious). Now it defeated the $ 50.40 resistance, and today it is doing a pullback to this price again. This follows the Principle of Polarity : Previous resistances/supports are going to...
Hello traders and investors! Let’s talk about WISH today! Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term. If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements,...