NVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the...
With the largest negative net volume since the 14th of May, 2013, TSLA dipped back into $260 territory today after news got out that the SEC is filing a lawsuit against Elon Musk, allegedly for fraud. SEC claims that Musk misled investors when he tweeted that he was considering taking the company private at $420 a share back in August. Naturally this has...
AMD closed above its weekly resistance level at $32.50, also breaking through the 2-week 618-fib level. Fisher transform convergence indicates a coming push towards the next fib level at $33.20. Watch out for a retest of the $32.50 resistance. If it holds, we have a strong bullish signal - otherwise probably a good time to take profits.
Tilray's recent bubble pop has a lot of shareholders in panic mode. Despite the massive spread and a 60% drop from the high in just two days, an incredible amount of speculation still remains in the cannabis sector. What makes TLRY different than other cannabis stocks is the incredibly low float of ~18M shares, which serves to amplify the effects of speculative...