Tech is just super strong and though in the overvalued range, I think it is likely going to run up to at least 20,000 before summer based on the 1.6 fib extension. Now, I still think we need a confirmation of continued bullishness next week. If we continue above the trend line, then I see no reason that it does not stop until 20k.
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the...
QQQ's price has approached the resistance trendline at the top of the trading channel since 2010. It's crucial to monitor this line for a potential breakout. If we observe an upward breakout followed by clear confirmation, it could resemble another "bubble" similar to what we saw in 2021. Otherwise, the price might continue its upward trend while trading sideways...
Checking the Monthly DPO chart of NASDAQ:NDX , it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these. Corrections are necessary for a long-term uptrend to sustain. Notice that there is...
Tesla (TSLA) has been trading within a Channel Down pattern since the July 19 2023 High (which was an emphatic Lower Highs rejection on the ATH Lower Highs trend-line of the November 04 2021 All Time High) and on our last analysis (January 12, see chart below) we called for a tight SL buy but mentioned the importance of taking the loss quickly if the April 27 2023...
Microsoft (MSFT) is set to report the Earnings on Tuesday and last time we gave gave a pull-back buy signal (December 01 2023, see chart below) we caught the exact bottom: Our original long-term Target was $460.00 but we have to downgrade it to $440.00. On the short-term it may be wise to take most or at least some of the profit if the 1D MA20 (red...
Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:MSFT Microsoft's current price action analysis (MSFT) reveals several significant indicators suggesting a favorable bullish trend. Firstly, the stock consistently trades above the Exponential Moving Average (EMA) 34 line, signaling a robust bullish trend. Additionally, a recent...
UBER on the weekly chart has been touching the all time high ( set nearly two years ago ) since mid-December. The relative buying volume has had some spikes. the MACD suggests a line cross above the histogram and so some bearish tendencies. If UBER can get over its all-time high and retest it from above another leg higher seems to be a very likely...
Netflix (NFLX) is reporting Earnings today and what we see from the past 4 weeks that has been unable to make new Highs, it might be pricing a peak. That peak might be a technical Higher High formation on the 1.5 year Channel Up, which is the Earnings disappoint, can initiate a medium-term correction towards the 1W MA200 (orange trend-line) and 1W MA50 (blue...
Cisco Systems (CSCO) is sustainably breaking above the Lower Highs trend-line that started on the September 01 2023 High, which was a Higher High on the 1.5 year Channel Up pattern. This break-out has turned the 1D MA50 (blue trend-line) into a Support and the only barrier that remains before a new bullish wave is the 1D MA200 (orange trend-line). If broken (1D...
Hello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my video analysis: All the way back in 2014 Microsoft stock perfectly broke above a major resistance area at the $35 level and entered a +1.000% bullmarket. Over the past three years Microsoft has been trading within an ascending triangle and recently broke out towards the...
Three weeks ago we mentioned the importance of the All Time High (ATH) Lower Highs trend-line on Tesla (TSLA) and how critical it would be for the price to finally break above it for the first time in more than 2 years: The 'Do or die moment' as we called it failed to deliver and the price got emphatically rejected on the Lower Highs for the 5th time. This...
Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below): We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new...
Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our...
➡️Hello Traders, welcome to today's analysis of Nasdaq. -------- ➡️I will only take a trade if all of the rules of my strategy are satisfied. ➡️Consider hitting that like button for more free, daily analysis. Your support means a lot! -------- ➡️Let me know in the comment section below if you have any questions. ➡️Keep your long term vision.
Blue channel represents the primary trading channel since the 2009 crash. Only during the Covid bubble was QQQ able to escape that channel (ended up doubling it). Price can still work its way up along this resistance line, such as 2014 and 2018, but both of those times the stock market averaged out to be pretty flat over about a year time frame. Here it is on the 1W
Tesla (TSLA) is extending the rally following the buy signal (see chart below) we gave on November 07 at the bottom of the 1 year Channel Up: The price has had 6 green candles out of a total of 7 and looks to repeat the Bullish Legs of April - July and January - February. What's more important than that, is that Tesla is approaching its 'Do or Die' moment as...
Hi Realistic Traders. Here's my price action analysis on NASDAQ:TSLA ! On May 23, 2023, Tesla (TSLA) exhibited a breakout from the bearish trendline, sustaining its upward trajectory with consecutive higher highs and lows. Following this, TSLA's bullish momentum moderated, leading to the formation of a bearish channel. Notably, there has been a recent...