tradingflywheel

tradingflywheel Updated 

After NVDA Quarter result announcement, price uptrending took a break. Will continue to trend upwards hitting 375 and 400 soon.

tradingflywheel Updated 

From the charts, it seems that ILMN has hit a resistance at 370+ zone. Price have been down trending for several days. Let's see where price will consolidates. As we are waiting for price action to confirm, price should find support around 300-350 range. ILMN is an amazing Genomics company with 70% machine and 90% of the data market and is careful about news...

tradingflywheel Updated 

Since the economy reopening, SHOP has been on a downward trend. Long term view, I'm bullish on this innovative company. I am waiting for a good price to buy in the 600s range. Let's wait for price action.

tradingflywheel

SQ's seller business model has been hit during the lockdown. It has also report a negative Quarter recently. However Cash app revenue have seen a substantial growth. With the economy reopening, we should see unemployment rate decreasing (notice the surprise improvement to 13% on Friday?) and small business reopen. Definitely we will see a positive uptick on the...

tradingflywheel Updated 

Googl price chart has been trending upward in a steady fashion. Price find support on short term EMA. It is now riding the uptrend on US30 and US500.

tradingflywheel

ILMN seem to be in a consolidation phase at the moment. We should see some price action next week . HOLD

tradingflywheel Updated 

Trade Journal Who can replace Google in their business. Wait for price action to stay above 1270

tradingflywheel

Trade Journal Last week has been a bullish week for the market. Despite the lockdown period, market seems more likely to uptrend with hopes of a proven treatment for the Virus, assumption that the virus has already peak in US and Europe and US president guideline for states to reopen economy. Keeping fingers crossed, the index may be heading for 3000, and may meet...

tradingflywheel Updated 

Hi people, Thanks for dropping by. This is me speaking to myself again. Today we talk TSLA. Any Support for this EV maker? As we all know TSLA, not only do they make EVs, they spend their day innovating and making Solar panels, Energy storage and also recently so rumour about making HVAC system . What am I thinking about? I feel TSLA will disrupt the market,...

tradingflywheel Updated 

Hello everyone, we are into the 3rd week of the bull rally. While it is a high risk to believe that the market will still be bullish today, we are in an extraordinary time with world banks throwing massive QE and stimulus into the current Virus fear stricken Economy. Today, I shall present you a case of inverted head and shoulders, i.e NVDA Supportive: 1. Broke...

tradingflywheel Updated 

I could be one of the very few bull on the streets. But I would expect some upward move before chart moves southward again

tradingflywheel Updated 

Trade Journal.... Hi it's me talking to myself again. Dow Jones Futures have ended the week on a positive note despite little positive news of the C-Virus under control. Technically, the Index future has broken out of the downtrend line and attempting to trend up with Higher High and Higher Low. There could be resistance at 25000 and with Stockchastics High,...

tradingflywheel

Since the stimulus package and QE has been announced and signed by the US president, the index has since pulled itself at least 20 percent from the lows of 18000+. While this is a positive sign despite the worsening of Covid-19 around the globe. I do not think that this is a clear sign that the market has reversed it's direction. I'm still looking forward to see...

tradingflywheel

The FED rate cut on 3rd March failed to provide a smooth relief rally for the Bulls. It is also a pity that Non Farm employment change on Friday gave any positive boost to the index performance. However let's keep our fingers crossed and observe if price to happy to keep moving in this uptrend channel. Key points to ponder on 1. key resistance 27000, Key support...

tradingflywheel

Last Friday long tail Doji marks the short covering by shortist and market have found a temporary stop to the recent shortsell. looking to long till 27250 region for Tuesday. Key pointers 1. 27250- 50% Fibo retracement 2. Confirmation of friday longtail Doji. 3.Stochastic over correction and turning up.

tradingflywheel

CURRENCYCOM:US30 On the last week of February 2020, We experienced the worst collapse of Dow Jones Industrial Index due to the immense outbreak of Covid19. Where are we standing now? A Doji is formed on the very last hour after market close. While we can say it's an end of the week short covering let's analyse if we can make a trade decision!!! Bull pointers...