LoveForCharts

LoveForCharts

Live Nation Entertainment Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or...

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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Stock 360 view: 1. Average Analyst Price Target: USD 691 - Hold 2. Hedge...

LoveForCharts

Nifty weekly charts showing signs of possible pullback. Price trading on the upper Bollinger band with RSI near overbought zone and looking downwards. Ascending triangle formation on the RSI too. Look for range breaks. Play the range and the range breaks!

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GLD, on daily charts depicts a very grim picture. GLD not only seems to have lost some shine recently, but the outlook also looks grim. 14 day and 28 day cycles are observed in GLDs charts and while we are in the rising phase of the smaller cycle, price is not showing any strength. The Bollinger bands are in expanded shape. I would look for price to move sideways...

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Good price action, after a sharp rise in price, good consolidation being witnessed on the stock. Price is again trading in range, mostly a halt after a sharp rise, getting ready for the next move. INR 3700 to INR 3500 should be a good support zone and buying zone. Price is headed back towards its 20Day SMA, RSI is biased towards the bulls too, all in all, looks...

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CNX AUTO H2 charts. Above is the cyclical rhythms on CNX AUTO. Price seems to be following a 24 period cycle. Index has been in a bullish configuration and the previous cycle has only recently formed and we have now entered the rising phase. In this phase, we expect positive upwards moves. Price , on the H2 chart, price is very close to the 20 period Moving...

LoveForCharts

US markets had a bad day on the streets and would have had some traders scared, but price found support at critical levels. After a long trend following price chart on Daily, price broke through below the Bollinger bands and in a scary position. We need to watch for price action, and see if it falls back in the bands for further review. From a cycles...

LoveForCharts

Well, I have been observing this chart for over a monthly, frankly more so because a lot of people had exposures (some investors, stuck in the stock before the fall, and other speculators, to review the chart for them My initial observations were very bullish at 4.5 to 5 levels... as there was an accumulation stage in process and volumes were high, and most...

LoveForCharts

Now lets take a look at NKE. Weekly charts are suggesting both major and minor cycle bottoming out over the next 4 weeks. Last few cycles have bottomed in time so one may expect a timely bottom . Where we find support during this time will give us a fair idea about the next cycle expectations. At this stage we see the following prevailing conditions: 1. $106 to...

LoveForCharts

Hi everyone, Lets look at AAPL weekly charts While stock remains bullish, I think its set for a pullback, which I think is actually good for the stock too. It has had a massive run up and has bulldozed over all the expected the resistance zones on weekly charts. At this stage we see the following prevailing conditions 1. RSI dipping from overbought...

LoveForCharts

Let us again look out on how XLE is shaping up (previous analysis attached for your reference) Price moving just as expected, as evident in the charts, we had support on $ 53.36 levels , which was 24th Dec 2019 low. Price closed at about this level over the last few weeks but during the week, this level was breached. Minor cycle low formed 27th Jan 2020, 2 weeks...

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Hi everyone, today I am reviewing. the energy index XLE on the weekly time frame. XLE seems to be following a 44 week cycle. XLE made a triple top formation from beginning of 2018 till about 2018 November ever since then it has got into a declining phase, consistently making lower highs and even lower lows. Price has recently breached the previous lows made in...

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Hi everyone, today we are reviewing Facebook on weekly and daily charts . Weekly chart on Facebook seems to be following 18 to 20 weeks cycle. As visible in the last 4 cycles, we can see the cycle bottoming out a week or two prior to the expected date. Weekly charts show that the trend is up. So, as visible, we have entered the upward phase of the cycle,...

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Now that we have looked at our view on weekly charts, lets look at the daily charts. (attached below the analysis on weekly charts, better t read that first to have the forthlooking view) Weekly chart on the minor cycle suggests a minor pullback in the beginning of March 2020. As we are aware, price may bottom a few candles around this and we may expect last week...

LoveForCharts

Lets have a look on what's happening with NEM. We are in the mid range of the larger cycle on weekly charts and we may be seeing a minor bottom on the smaller cycle as evident in the chart. This large upward spike in the chart on the weekly candle may also be a sign of exhaustion or a partial entry to a testing zone/ congestion area $46 to $49 would be expected...

LoveForCharts

Shares of Nvidia Corp. (NVDA) rallied 1.7% toward a record high in premarket trading Wednesday, after Bernstein analyst turned bullish on the graphics chip maker, citing upcoming product cycles, near-term catalysts and the resumption of hyperscale spending. They have raised his rating to outperform, after being at market perform for the past year. They have...

LoveForCharts

Hi, I was looking at Jd.com chart on weekly and monthly timeframes and came across the lovely breakout from cup and handle formation on weekly TF. We can see, it look about 8 to 9 months for the cup formation and another 6 months for the handle. Once the pattern was completed, we could assign an upward target to price on successful breakout. As shown in the chart...

LoveForCharts

Today I am going to review the chart for CVS health Corporation on a weekly timeframe. CVS seems to be following in 18 to 19 week cycle and we saw the latest cycle low being formed with the candle reflecting 27 Jan 2020. On 12th Feb 2020, CVS reported earnings that broadly beat the street’s estimates. CVS reported adjusted EPS of $1.73, which beat estimates...