DannyNoburu

DannyNoburu

Good Afternoon guys, Happy Trading. Currently keeping an eye on MSFT 15 min chart for a short term scalp. Im waiting for it to break the 0.5 FIbonacci Retracement Level. If it does I will be buying 210 Calls expiring in two weeks. Keeping a stop loss at the .618 FIbonacci Level

DannyNoburu

After an ABC correction of QQQ it seems prime to begin another impulsive five wave series of price movement. Labeled are my 1st and 2nd price targets for the month of November.

DannyNoburu

Sentiment: Bullish Reasons: 1. Ascending Triangle/ Pennant Formation 2. Holding 21 EMA as Support 3. Decreased Volume during Pattern Formation

DannyNoburu

Sentiment: Bullish Reasons: Technical Analysis & News Catalyst News has just been released that $ABT has been approved by the U.S to begin working on a 5$ rapid COVID-19 antigen test. I find this to be huge considering the inconvenience in searching for a COVID testing facility in certain places in the U.S as well as the discomfort associated with the actual...

DannyNoburu

Sentiment:Neutral Although a lot of the technical analysis points to overextension in the $SPY. Price action is largely determined by market psychology as well as recent news catalyst. With that being said, I believe we are in a period of greed rn in which many investors don't imagine $Spy coming down due to low interest rates and the numerous pumps done by the...

DannyNoburu

QQQ overall has been in a bullish channel for ages. For trends to have continuous strength one of two things must occur: 1. Areas of Consolidation 2. Areas of Retracement I Currently see QQQ undergoing a level of retracement. It was at the .382 Fibonacci level at the time of me making this. But I could easily see price touch 0.5 levels before I expect a bounce...

DannyNoburu

NASDAQ:TSLA TSLA so far throughout the day has been moving in a range with bearish sentiment. My only explanation for this is that there has been a lot of sector rotation going on this week so far from tech to other sectors such as energy, industrials, and financials, . Just take a look at $DIA, $XLF, $XLE, and $XLI. In addition to this rotation, a diamond top...

DannyNoburu

Sentiment: Neutral to Bearish As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down. Reasons: 1. Rising Wedge Pattern and...

DannyNoburu Updated 

TSLA so far has been following the downtrend that was prominent last week. I placed a retracement from the beginning of this downtrend until the end where I begun to see retracement. Price action bounced off the .382 level and continued its strong downtrend which is to be expected considering its current strength. Three things could happen based on this...

DannyNoburu

TSLA Sentiment: Bullish Reasons: 1. Falling Wedge Pattern 2. Decrease in Volume During Pattern Formation 3. Hammer Candlestick at the end of Week long Downtrend Disclaimer: this is not financial advice I am not your financial advisor. This is just my personal analysis of what I see in the charts

DannyNoburu

Sentiment: Short term Bearish Reasons: 1.Strong Weekly Resistance (Now Support) at 317.59 2. Bearish Island Gap on Daily Chart 3. Bullish Channel Breakdown 4.Selling Volume Increase 5. Rising Wedge Pattern Formed After Market Open Gap up 5. Decrease in Overall Volume During this Pattern formation Confirms its Strength

DannyNoburu

Sentiment: Short term Bearish Reasons 1, Strong Weekly Resistance at 317.59 2.Bearish Island Gap on Daily Chart 3. Doji Candlestick Pattern on Daily Chart 4. Bullish Channel Breakdown 5. Selling Volume Increase