Possibly one of the best stocks to go short. The news is extremely negative, China is one of the main markets for NVIDIA, so there will be a revaluation of the company and all future reports are likely to be bad. This also applies to AMD (price target way below $50). Long-term targets for NVIDIA are $50-70. As for the current idea, the target is $100, short @...
After what happened last Friday, it has become more clear that rates will continue to rise. And I don't think that they will lower rates even next year. The dollar will most likely continue to strengthen further, up to 120. What does it mean? Short Euro/Dollar, Crypto, Nasdaq. The next year and a half will be extremely painful for these assets.
In addition to my previous idea, why do I think that the market cap of the cryptocurrency will decrease even further. You can see that there's the most powerful downtrend in bitcoin in recent times, and the formation itself as a whole looks like an excellent signal for short. At least until BTC is above 25k and then above 28k. In the meantime, I plan to open short...
Gold is getting close to the uptrend and strong support at the same time. The dollar index is slowly declining, but inflation remains high, so gold may well turn around from current levels and reach $2,000 within half a year or even earlier. I already have long position @ $1700 and I'll buy more @ $1670, if we ever reach that price. SL $1650, TP $2000. Risk to...
Based on the fact that stock indices will fall even more and economic factors will worsen further, in the near future the cryptocurrency will continue to fall again. The nearest support level is sitting at around of 350-400bn, so the fall will be significant. Perhaps, we will see the 1T cap again no earlier than the beginning of 2024. The bottom for Bitcoin might...
At first I posted the idea thinking $200-$240 for QQQ would be just right, but I was wrong. Inflation is accelerating and the next couple of years you better stay away from any tech stocks. The targets are now at levels $120-140 and I expect that we hit these targets in 2024. In the meantime, I will short QQQ from $280-300. This is by far the best idea on the...
So far, nothing indicates that the stock market will rise in the near future. Little has changed from my last idea, and a lot has even gotten worse. Now there is a small bounce up, but soon we will continue to fall to the levels of 3500-3600. I am considering short from 4000-4100, SL 4170, TP 3600-3500.
This is a very bearish pattern. If the price doesn't quickly return to the $420-450 range (which I highly doubt, given the current situation), we will fall to the level of $200-250 even quicker than expected. But this will also be a good price to buy for the current performance of the company. But It will also be a good price to buy if the current performance of...
In the previous idea, I mentioned that the NASDAQ Index will drop to 12K, and yesterday we almost reached that level. 12K support is equivalent to $300 on QQQ ETF. This support level is critically important, because there will be no support until $240-250. In general, it seems to me that the market is already a bit oversold and in the coming weeks there will be a...
I usually don't trade crypto, but this chart got my attention. Perfect downtrend channel and really good spot to short. Short @ $2900, TP $2500, SL $3000.
An update to my previous idea. The problems in the economy are still here and have become even worse in the last couple of weeks, so we will most likely see a further decline very soon. The downtrend is still present, the key levels are 4400 and 4600. At the moment I have a short position from the level 4400, SL 4450, TP 4200-4100. If we go higher, I might short 4600.
The market is in a very shaky state, but individual stocks are still doing quite well (mainly from the health and energy sectors). But as for the technology sector... everything is terrible here and most likely it will continue for almost the entire current year, with small breaks for growth. There are 0 reasons for the stock market go up and about a dozen to go...
Inflation, rate hikes, overbought stocks and mixed reports. All this sooner or later lead to a further fall in the coming months, and the technical picture is also points to this. The uptrend is still holding, but I think soon it will be broken down, and if we do not quickly return back, this may be the perfect time to open a short position. Short @ 4350-4450, TP...
I usually try to avoid emerging markets, but this chart caught my attention. The last few months have been very difficult for the Russian market, and the news basically only helped to fall even further. However, I think that in 5-7 months or so, there is potential for pullback up to 1700-1900 (if no new sanctions are introduced). On the chart, we see an ascending...
NASDAQ has been moving in the ideal price channel for over a year now, and I think this trend will continue. The risk to reward ratio is more than good. Buy @ 15000-15100, TP 17000, SL 14800.
Slowly but surely, we are still going up. But now a slight correction from the upper border of the channel is possible. Short @ $390-400, SL $410, TP $365-360. If things go south, I might even hold some of my position until $320-340.
Right now, silver is heading towards it's last strong support, a break of which could mean that we're going to $20 or even lower. Possible fake breakout as well. Buy @ $21-22, TP $24-26-28, SL $20.5
-40% since the beginning of the year, is it time to buy this precious metal? Not yet, the price hasn't yet reached the $1500 level. When the price reaches this level, I will buy 1/3 of the position and wait for the price to go a liitle bit lower. Buy @ $1500-1250, TP $2000-2500-3000, SL $1150.