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SOXL bearish double top*disclaimer* I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF. I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in. Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out). SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume. If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL. That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
AMEX:SOXLShort
by CryptoSlayerFX
AMD: Is there any hope for it? A complete analysis.Hello traders and investors! Let’s see how AMD is doing today! First, it did trigger the Bearish Flag we mentioned in our last analysis, and it seems it is just heading to the $ 105 (previous gap). The link to my previous analysis is below this post. The trend is clearly bearish, and there’s not a single bullish sign around, and this is the only thing that could save AMD now. Remember, trends persist until a clear reversal occurs ( Dow Theory 6th tenet). No clear reversal sign? The bear trend will persist. Trading is reactive, not predictive. In the daily chart, we see that AMD is losing its 61.8% retracement, indicating a possible further drop. Our previous support in the daily chart is the $ 99.67 area, and we can see this point better from the weekly perspective: Last week, we did a a candlestick pattern called Dark Cloud Cover, just under the 21 ema, and we are triggering this pattern this week. This reinforces a bearish thesis, and the area at $ 99.67 seems quite important. This point was a resistance on Jan 2021, was a support multiple times in Sep – Oct last year, and was a support last month too. As long as we don’t see nothing surprising on AMD, the $ 99.67 is our next target. I’ll follow it closely and keep you guys updated. In this case, remember to follow me to keep in touch with my daily analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5
Best and Easiest Explanation of Where BTC and The Market StandsIf you haven't been to my streams or watched my content this year, then believe me when I say that this video will be worth while. Even to a seasoned analyst, I believe the way I look at things will add a useful new perspective. EST = UTC-5 I stream every week day from 9:20 EST to 10:00 and from 1:20 EST to 2:20. I believe I currently have ~50 Hours of stream content since Jan 28th. Feel free to watch that to better understand how I analyze and trade. I spend on average 5 minutes for a trade entry and 5 on a trade exit. I call what options and when I trade options on stream every time ; down to the strike price and the expiration date. I like to be transparent. I also will give my opinion/targets on any coin or stock for free. I don't expect payment/coins for anything.
BITFINEX:BTCUSD
by TrendLINEBoys
1
AMD: Triggering a Bearish Flag? Time to panic?Hello traders and investors! Let’s see how AMD is doing today! First, AMD triggered the pivot point in the 1h chart that we mentioned in our last analysis (link to it is below this post), however, the market is trying to frustrate our previous bullish thesis. Let’s update our thoughts. The problem on AMD is that it is triggering a possible Bearish Flag pattern in the 1h chart, and this could lead us to the open gap at $ 105.39, which is a nice target for us here. There’s still time for a reaction, and AMD could avoid this bearish scenario, but it must react quickly in order to reject this pattern. In the daily chart, we see that it wouldn’t be easy for AMD to drop all the way to the last gap, as it has its Fibonacci’s Retracements working as support levels too. For now, I must say I’m neutral on this, as we see better options around, but it all depends on how it’ll react from here. Any good reaction now, or at the gap at $ 105 could be a great opportunity to buy or add positions. I don't see it as an opportunity to sell, as the Risk/Reward ratio is not attractive to me. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD: This pivot point could trigger a reversal on it!Hello traders and investors! Let’s see how AMD is doing today! First, the stock failed miserably in retesting the $ 141, which is still a technical target for it, but the moment it lost its 21 ema it got too weak. However, the recent drop seems ok, as it just went down to fill the previous gap at $ 117.26, and it seems it is stabilizing in this area now. Remember: Gaps work as magnets, and they are nice support/resistance levels to work with. Now, the most important key point to watch here is the green line at $ 118.37. This point is a pivot point, and since AMD already did a higher low, by doing a new higher high it’ll be a good sign that the trend is reversing. By breaking this pivot point, the next gap at $ 132.33 is the next target to aim, at least in the short-term. For now, we must wait for more confirmation. In the daily chart, we see that this reaction couldn’t be more convenient. We have many Fibonacci’s Retracements to hold the price, and it seems the area around the 50% and the 61.8% is doing a great job. The only scenario where AMD would be bearish is if it fails in triggering the pivot point, and loses the 61.8%. In this scenario, it could easily retest the $ 99.67 again. For now, it’ll be extremely important to watch the pivot point in the 1h chart, and to monitor the retracements in the daily chart. I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future analyses. Have a good day, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD: Time to fill the Gap at 106Hey all, I wanted to give a quick AMD update this morning. After today's price action, the structure of AMD's decline has become more clear. I believe we have 1 leg down to go which should bring us to the 106 region and fill the gap that was left behind. This will be good for AMD longterm, as it is not a a good thing to leave open gaps behind in the chart. I will be adding heavily in the 106 region if we get there. Upside targets are still in tact. Good luck traders.
NASDAQ:AMD
by TomDaSpankEngine
2
AMD the issue with calling the top This is the first time in history leverage has been so easily accessible. Every time the market agrees price is heading down, shorters become fuel for the next leg up. Every other time the RSI has been so oversold the market has dipped, this time you can see the RSI has stayed oversold and remained sideways as the price continues to fly higher. In my opinion, the best thing to do is to look for great buys rather than try and time the top. Buying here is quite risky, $42 is the first great buying area, with the minimum requirement being an RSI reaching lower regions. With the RSI being so high the market seems to be more of a game of hot potato than an investment
NASDAQ:AMDShort
by sachu_blessyou
2
AMD: Time to go longAMD underwent the C-Wave drop that we warned about in our update a few days ago. C-Waves are generally the fastest moving and harshest waves, so it is no surprise that AMD fell about 15% in just 2 days. The speed and depth of the move even exceeded our expectation. In fact, this move was so steep that it difficult to come up with a clear 5 wave pattern down. It may still just be 3 down so far. My base case is this: AMD has bottomed and will now begin its W-3 My bear case is this: AMD has 1 more low to make, which will likely fill the gap at the 105 level Either way my upside targets remain the same: 160 In 60 days, and 200 in 120 days
NASDAQ:AMDLong
by TomDaSpankEngine
1
AMD key time. Shares are falling in what traders call a descending channel after seeing a strong bullish run higher. The stock now looks to be in a period of consolidation as it trades within the channel. A break above resistance or support may hint that a further move in the same direction as the break may be coming. The stock is trading above the 50-day moving average but below the 200-day moving average, indicating the stock should be consolidating. The 50-day moving average may hold as an area of support while the 200-day moving average may act as an area of resistance. The Relative Strength Index has fallen slightly in the past few days and now sits at 42. This shows that the stock is seeing more sellers than buyers now after it fell below the middle line. If the RSI continues to dip, the stock may continue to sell and dip lower. The stock is trading in a period of consolidation and could be due for a strong move if it is able to cross above the resistance level or falls below support. Bullish traders are looking to see the stock begin to form higher lows and break above the resistance level. Bulls then want to see the stock cross above the 200-day moving average and see the RSI cross above the middle line. Bearish traders are looking to see the stock continue to hold below the resistance and then go on to fall below the support. This could cause a further bearish move in the future.
FTX:AMDUSD
by AxiomEx
Bump and Run Reversal Pattern!This is my observation compared to the School chart article: As the name implies, the Bump and Run Reversal (BARR) is a reversal pattern that forms after excessive speculation drives prices up too far, too fast. Developed by Thomas Bulkowski. Bulkowski identified three main phases to the pattern: lead-in, bump and run. Lead-in Phase: The first part of the pattern is a lead-in phase that can last 1 month or longer and forms the basis from which to draw the trend line. During this phase, prices advance in an orderly manner and there is no excess speculation. The trend line should be moderately steep. If it is too steep, then the ensuing bump is unlikely to be significant enough. If the trend line is not steep enough, then the subsequent trend line break will occur too late. Bulkowski advises that an angle of 30 to 45 degrees is preferable. The size of the angle will depend on the scaling (semi-log or arithmetic) and the size of the chart. It is probably easier to judge the soundness of the trend line with a visual assessment. Bump Phase: The bump forms with a sharp advance and prices move further away from the lead-in trend line. Ideally, the angle of the trend line from the bump's advance should be about 50% greater than the angle of the trend line extending up from the lead-in phase. Roughly speaking, this would call for an angle between 45 and 60 degrees. If it is not possible to measure the angles, then a visual assessment will suffice. Bump Validity: It is important that the bump represent a speculative advance that cannot be sustained for a long time. Bulkowski developed what he calls an “arbitrary” measuring technique to validate the level of speculation in the bump. The distance from the highest high of the bump to the lead-in trend line should be at least twice the distance from the highest high in the lead-in phase to the lead-in trend line. These distances can be measured by drawing a vertical line from the highest highs to the lead-in trend line. An example is provided in the chart below. Bump Rollover: After speculation dies down, prices begin to peak, and a top forms. Sometimes, a small double top or a series of descending peaks forms instead. Prices begin to decline towards the lead-in trend line and the right side of the bump forms. Volume: As the stock advances during the lead-in phase, volume is usually average and sometimes low. When the speculative advance begins to form the left side of the bump, the volume expands as the advance accelerates. Run Phase: The run phase begins when the pattern breaks support from the lead-in trend line. Prices will sometimes hesitate or bounce off the trend line before breaking through. Once the break occurs, the run phase takes over, and the decline continues. Support Turns Resistance: After the trend line is broken, there is sometimes a retracement that tests the newfound resistance level. Potential support-turned-resistance levels can also be identified from the reaction lows within the bump. As you can see all the criteria are present! You can also find the same pattern in AMD: Reference Article: school.stockcharts.com You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:NVDAEducation
by Moshkelgosha
7
AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class. To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign. Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues: In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100). Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart: In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name. The volume was great, probably among the top 10 highest volumes in the history of AMD. It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141. If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through. I still hold strong to a bear market based on countless economic issues from: Inflation Poor Retail Pending Home Sales Decline Tapering Ending in Feb Balance Sheet Reduction Raising Rates 0.1% Q1 GDP estimate by Atl Fed. When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
NASDAQ:NDX
by WorldEconomics
3