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MSFT: Trend analysis and next Key Points to watch!Hello traders and investors! Let’s see how MSFT is doing today! First, in the 1h chart, it is interesting to notice that the 38.2% Fibonacci’s Retracement is holding the price nicely. Coincidence or not, this point was a previous resistance two days ago, and now it is working as a support. Despite the drop today, MSFT has no bearish structure around , and it is still above the 21 ema. The trend is bullish, and MSFT will keep pushing up, unless we see something new that could bring a sharper pullback. If MSFT loses the 21 ema/38.2% retracement in the 1h chart, probably this will bring a pullback to the previous support levels in the daily chart: Microsoft is moving sideways since August, a pullback to the 61.8% retracement again wouldn’t be unexpected at all. Meaning, MSFT could hit the $ 294 again, and the mid-term bias would remain unchanged. We see a mid-term congestion, in a long-term bull trend . I still see pullbacks to the previous support levels as opportunities to buy. If you liked this analysis, remember to follow me to keep in touch with my daily updates! And please, support this idea before you go. Have a good day!
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
4
NVDA: Time to Panic-Sell?Hello traders and investors! Let’s see how NVDA is doing today! First, it is losing the key point I mentioned last week, in our previous study, which is the support line at $ 221.24 . By losing this support, NVDA has everything to trigger a pullback in the daily chart, at least to its 21 ema. The link to our previous study is below this post, as usual, In the 1h chart, we can’t say that the trend is bearish, as it still seems NVDA is in a congestion – however, it is on the bottom part of the congestion, so there’s a reason to be alert. Usually, any good reaction near support level is just an opportunity to buy, but we must see the price confirming a bullish pattern first. For now, we have no important reaction. If we can’t say the trend is completely bearish in the 1h chart, there’s way we’ll say that the trend is bearish in the daily chart. Despite the Double Top chart pattern on the verge of being triggered, we are still in a bull trend. During bull trends pullbacks to the 21 ema or to the Fibonacci’s Retracements are expected, and usually are opportunities to buy at a cheaper price. But again, we must see some bullish confirmation first. For now, we must wait for more signs. It is too soon to tell, but even if it does a sharper pullback, I see no reason to panic. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped! Have a good day!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1
AAPL: Complete trend analysis (H, D and W charts).Hello traders and investors! Yes, AAPL did exactly what we expected since our last analysis (Aug 18), and we nailed a good movement. Now we have to update our key points. My previous analysis is public, and the link to it is below this post. First, in the 1h chart, AAPL is struggling near the 50% Fibonacci’s Retracement , but since we have no clear bullish reaction, we don’t know if it’ll hold there. We are under the 21 ema, and we lost the support at $ 149.16. The bias is slightly bearish , but any good reaction at any of these retracements might work wonders. In the daily chart, the situation is a little bit more complex. It looks a congestion, but the 21 ema is still going up, and it seems it is working as a support for AAPL. May I call it a Bullish Congestion? We don’t have any bearish structure in the daily chart indicating a further drop, and for now we can assume the Fibonacci’s Retracements in the 1h chart will hold the price. However, if we lose the $ 144.50 we’ll see something new, and this could make AAPL drop more. The problem is that we already have too many supports to work with, like the $ 141.60, and the Fibonacci’s Retracements in the weekly chart, along with its 21 ema: The bears will have to face too many challenges for little return, and this works for the short/mid and long-term (all time frames we analyzed). Let’s keep watching AAPL closely. Remember to follow me to keep in touch with my daily updates! And if you liked this idea, please, support it! Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
5
PLTR: Could it fly to the All-Time High again? Complete MTFA.Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) looking at the 1h, D and W charts. In the 1h chart, we have a strong bearish candlestick, and PLTR lost the 21 ema and it hit the 61.8% Fibonacci’s Retracement .If it confirms any bullish pattern, it could be an opportunity to buy, in my view, but so far, we have nothing interesting for the short-term. The problem is that PLTR has been in a congestion since its earnings, but since we have a support level at $ 23.67, I don’t see PLTR reversing or engaging in a bear trend. In the daily chart, we have a trendline connecting the previous bottoms, and despite the congestion after earnings, the bias is still bullish in the mid-term. We are above the 21 ema (which is pointing up, btw), the volume is good, and we have no bearish structure around . Maybe this sideways correction will make the 21 ema catch up with the price, and this is ok. In the weekly chart, we still have the idea of an Ignition Bar followed by a Gift pattern . If triggered, these patterns can trigger the pivot point in the weekly chart, at $ 27.47, and make PLTR fly to the ATH again. Given the fact we are in a bull trend in the mid-term,a nd we have no bearish structure around, this is a plausible scenario, but it is going to take a few months to materialize. Let’s follow it closely from now. If you liked this idea, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:PLTR
by Nathan_The_Finance_Hydra
12
AAPL: Key Points and targets for the short/mid-term.Hello traders and investors! Let’s see how AAPL is doing today! First, the trend is bullish, and the 21 ema is going up along with the price, and everything seems fine with AAPL. But we must keep an eye on some important key points, as they will dictate how AAPL will behave in the next few days, if it’ll keep climbing or if it’ll drop. The support at $ 149.10 is the first key point here. This point is the previous bottom, and keep in mind that AAPL just did a lower high (red arrow), and if we do a lower low, then the bullish bias will get weaker. The 21 ema will point down, and this might be the beginning of a bearish movement. The 21 ema in the daily chart is a good support level for us to work with right now , as AAPL will probably retest it if the bullish bias gets weaker. What’s more, we’ll be back to the congestion area between the two black lines in the daily chart, indicating that AAPL made a false breakout from it recently. This is frustrating, but still not enough to reverse the trend, just to make it weaker and create a pullback. Let’s see how it’ll behave in the next few days. If you are still here, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
5
AMD: Is it a good time to buy?Hello my friends! Let’s how AMD is doing today! First, in the 1h chart, it is in a bull trend again, as we have higher highs/lows. The first pivot point triggered was at $ 109.77, and we have a second one that has yet to be triggered at $ 111.70. We are above the 21 ema again, and everything looks bullish from here. Let’s look for more clues in the daily chart: Yes, AMD just did a pullback to the area between the 38.2 and 50% Fibonacci’s Retracements and it is reacting nicely. I would prefer to see it at the 21 ema, and there’s still a good chance that we’ll see this happening. If we drop below the 38.2% retracement level again, I see a sideways correction on AMD, something like AAPL is doing. A sideways correction is the healthiest movement on AMD, in my view, but if it triggers the pivot point in the 1h chart again, and if it keeps above the 21 ema, probably we’ll see a retest of the ATH, and then we’ll see how to proceed. During the pullback seen in past few days, we see that the volume is decreasing, indicating that this is just a healthy pullback, not necessarily a sell-off. That’s one of the reasons why I don’t see AMD reversing the trend in any level. In the worst-case scenario, I see an annoying congestion. In the perfect world, we would retest the 61.8% retracement, but I’m not counting on that. Personally, I would only buy it if we get closer to the 21 ema. AMD is a great stock, but I see better opportunities around. Maybe if I had a portfolio of 50 stocks, I would buy AMD right now, but that’s not the case. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good weekend.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
10
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too. Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line). The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign. The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically. If this analysis helped you, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:DKNG
by Nathan_The_Finance_Hydra
1
TSLA: About to break through this congestion?Hello traders and investors! Let’s see how Tesla is doing today! Today we triggered a pivot point at $ 654.86, which made Tesla break through the previous resistance around the $ 664. This bullish structure, along with the high volume , may lead Tesla to higher levels in the daily chart: We are still inside a mid-term congestion , between the $ 621 and the $ 689. In moments like this, the 21 ema is useless, as it got flat. The $ 689 is the most important resistance for Tesla now , and if Tesla defeats this point, will get out of this congestion and enter a bull trend. Let’s pay attention to this resistance for now! Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it ! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
TSLA: The pivot point that must be triggered!Hello traders and investors! Let’s see how Tesla is doing today! Since our last update it did many interesting patterns, so, let’s see what’s going on here. First, in the daily chart, it seems we have a congestion . The $ 689 is the ceiling, and the $ 621 is the floor. In scenarios like this the 21 ema gets flat, and it is almost useless now (in the daily chart). There’s nothing amazing to tell about the volume, as it seems just ok, but the recent movement on TSLA was quite good, as it was a bullish reaction just above its support. This tells me that we are seeking the $ 689 again. Now, look at the 1h chart: It seems TSLA is trying to do a bullish structure here. The movement from the support at $ 621 to the $ 664.29 was quite intense, so Tesla is doing a pullback to its 21 ema, or maybe to one of Fibonacci's Retracements , and this is good. The last bullish leg can be seen just as a rally, but if TSLA creates a bullish structure by doing a higher high/low , then this will confirm our next target at $ 689. The pivot point that will confirm our thoughts is the $ 664.29. But if we lose the 61.8% retracement we might retest the $ 621 again, so, be careful! If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support the idea if it helped you! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
About to do something great! Watch these points! 👍In the 30min we have a trading range between the 25.05 and the 25.55, and to the side it breaks, we’ll see a big movement afterwards in the breakout’s direction. The RSI is enigmatic, and don’t give us any clue about to which side it’ll break. PLTR is in a slow bull trend, but if it breaks the 25.05, it’ll most likely lose the red line and it won’t hit our target as soon as we expect. On the other hand, if it breaks the 25.55, then I believe we’ll start to fly again. PLTR has been losing its volatility, but at one point it’ll recover it, and we’ll see some nice movements next. Let’s keep our eyes open around these two breakpoints just in case. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:PLTR
by UnknownUnicorn21312077
7
TSLA: This is what we must know about it!Hello traders and investors! Let’s see how Tesla is doing today! First, yes, we have an accumulation around, and Tesla is trading inside a range between the two black lines. Only a breakout from any of these lines will tell us what Tesla will do next . It seems the $ 571 is a support in the short-term, while the $ 635 is another resistance. But the daily chart has an interesting pattern too: We have a Triangle pattern, which is a continuation pattern, but this is not a rule. We see that the volume is higher during the bullish days, and lower during the bearish ones. Yesterday, Tesla hit its support and now it is about to react. If it does an upwards breakout it’ll probably reverse the trend for good, and defeat the $ 635.42 and seek the $ 715 again. Remember that we have a gap at $ 733, and so far, TSLA filled every single one of its gaps that appeared above the price. But if Tesla does a downwards breakout I see it at $ 538 again. For now, I’m not working with the possibility of it losing this floor. TSLA is in a quite decisive moment! Remember to follow me to keep in touch with my updates, and support this idea if it helped you! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else. NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level. This made the stock go up, along with the 20ma in the 4h chart: Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence). This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more. All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
4
Let's stay alert on Apple! 🔔I see Apple is just accumulating. We talked about in my last analysis that we should be careful, and in the 30min chart we see why. We are inside a big congestion, and yesterday, Apple closed the gap at 126.03. All of this is good, as this offers a chance to trade. If AAPL breaks the 127.90 again, it’ll hit the 131. The RSI has an advanced breakout, and this increases the odds in the favor of the long trades. But if all of this doesn’t work, and if it loses the 126 one more time, the 4h chart suggests it can drop to the 122 again. Let’s remain cautious here, always working with the possibilities. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:AAPL
by UnknownUnicorn21312077
4
We must be careful now!Now, Tesla is in the bottom level of a congestion, and it can’t close a candle under the 622.45, which would trigger a possible double top, with a target at 596. And yes, now I'm out of Tesla :), but I'll keep seeking another opportunity! Tesla is moving very slowly, and the volatility decreased today. At one point, it’ll become more volatile again, but this ruins the idea of any possible trade around. We have a possible advanced breakdown, and it’ll be confirmed if it closes under the 622.45 tomorrow. But I think it is a good ide to short it only if the risk-reward makes sense. Knowing that our target is the 596, and the stop-loss would be somewhere the 628, the entry point will make all the difference. The 4h chart has a possible round top formation, and it can hit the 20ma or the 596 again, but we lack more patterns. Given these signs, I’ll remain cautious with Tesla this week, and if it triggers the double top / advanced breakdown, it can drop to the 596. We’ll see if Tesla will do anything good this week. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
SPX: New key points to monitor this week!Hello traders and investors! Let’s see how SPX is doing today! In the 1h chart, the trend is bullish, but is not as strong as before. It feels like it is slowly turning into congestion . Anyway, the 21 ema is under the price, and it is working as a support for us here. We have more support levels around the two black lines area , which seems to be an important price level to work with. We must not lose today’s low, as this could make the index correct in the daily chart. Speaking of daily chart: We almost retested the ATH, but it seems this is still the target for us here. The only problem is the volume , which is not the best. I think today’s low is the key point to work with, as if the SPX loses it, then it might drop to the 4,183, or even the 21 ema. So far, there’s nothing indicating we could drop to the 4k, as this would require a stronger bearish structure . As long as the index keeps above the 21 ema in the 1h chart, and does not trigger any of the points mentioned in this analysis, p robably the ATH is the target. Let’s follow the index closely from now on, and if you liked this idea, remember to follow me to keep in touch with my daily updates. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
3
NIO: We must watch this Pivot Point!Hello traders and investors! Let’s see how NIO is doing today! First, in the 1h chart, we see that NIO defeated the bear trend, when it broke the purple trendline , and it is not doing lower highs/lows anymore. But there’s no bull trend yet , and it seems we only have a congestion in the short-term, as the 21 ema is flat. The $ 32.58 is a support level, and it must react quickly in order to make a new bullish movement. In the daily chart, we are in the lower part of a congestion , and NIO did a false breakout from the $ 31.92 last week. Again, if NIO doesn’t react quickly, it might retest the light green line area once more , and even trade slightly below it. In order to fly again, NIO must defeat the $ 34.78, as this is a pivot point for us, and would lead the price back up to the $ 43.13. Let’s watch NIO carefully in the next few days. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
TSLA: Two scenarios for us to work with!Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see that it is trading inside a short-term congestion , between the red lines. Today, Tesla just retested the upper line, and it seems it won’t break it right now. In fact, it is doing a bearish engulfing. The 21 ema is useless during congestions, so it is not a reliable support/resistance level. On the bright side, Tesla is not in a bear trend anymore , as it is not doing lower highs/lows. Now, this congestion will determine the direction of the next movement. We might see a breakout from the $ 560 or the $ 592, and we can set targets for both scenarios. Let’s see the daily chart: We have a congestion in the daily chart as well, and we are in the bottom area. If Tesla loses the $ 560, the next target is the $ 538, and below that, we have the $ 400 area. But if Tesla breaks upwards, it has the $ 690 as the next technical target, but maybe the 21 ema will hold the price briefly. Anyway, we must take care now, and be prepared for different scenarios. If you like this analysis, remember to follow me to keep in touch with my daily studies, and remember to s upport this idea if it helped you ! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
NIO: Trading inside a range!Hello traders and investors! Ok, NIO behaved exactly as we thought it would, and it did the “worst-case scenario” we discussed last week. The link to the previous analysis is below, as usual. In the 1h chart, it lost our previous support level at $ 37.54, and this made NIO just seek the next support, at $ 34.85 area. In addition, NIO is in a short-term bear trend, doing lower highs/lows , and the 21 ema is above the price (pointing down). So far, we have no clear reversal sign, but we are above a support level. Let’s look for more clues in the daily chart: The problem with NIO is that it is inside a congestion , but we have multiple supports/resistances to guide us. It is quite easy to trade ranges: You buy near supports and sell near resistances. The question is, will NIO stop at $ 34? Or will it seek the $ 32? We can’t tell for sure, as we lack any confirmation. But the volume is looking good already. We have been talking a lot about volume lately, as when NIO drops, it drops with low volume, but when it finds a bottom and starts going up, the volume increases. Yes, we have some weird signs that are more than enough to make us skeptical about any bearish movement, but again, we need more confirmation. This is the key for a good trade here. If you liked this analysis, remember to follow me to keep in touch with our daily studies, and support this idea if it helped! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
5
USDCAD: Vigilance for a controlled loss!More and more my posts are about controlled losses. I'm doing this because trading is mostly about controlling losses. Seriously, it is about taking affordable controlled losses at key areas in an instrument. This 3D time frame may not be the one to trade in. The value in higher time frames is about advanced vigilance for potential reversals of trends. A reversal can start in a lowly 5 min trend which then expands. So I'm watching out for a reversal pattern in 5 - 30 min time frames. The congestion zone shown (a structure area) can well be punctured deeply. So it doesn't mean that I am relying on that only. That means I'm well aware that price can go much lower. There is no prediction in this chart. It's a heads-up. The RSI on the 3D time frame has been hovering below 50. This suggests a compression pattern, possibly getting ready for a bust north. However, strange things happen. Price could take a sudden collapse below the congestion zone before rocketing north. Or - price can break down and move far further south. Whatever happens; I'm not bothered. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
NASDAQ100: Complete Multi Time Frame Analysis (H, D, W)!Hello traders and investors! Let’s see how the NDX is playing today! • A QUICK MESSAGE: Next Monday, I invite you to join me in our next stream ! One hour before the market closes (3 p.m. NY time). Check this link: www.tradingview.com It opened above the 14,050 today, and it quickly lost it, just to hit the 61.8% Fibonacci’s Retracement . Now, it is doing an impressive bullish reaction, and it seems the index is about to retest its All Time High again. The 21 ema is useless during congestions , so, we are not going to rely on that anymore, and we should only focus on support and resistance levels now. The daily chart may give us more clues: Since the SPX and the DJI are both doing some fantastic movements as well, there’s a good chance the NDX will follow them and break the ATH. However, without taking in consideration the other indices, it is easy to say the tech index is inside a congestion in the mid-term . It is doing many erratic movements between the ATH and the green line at the 13,700 area. Now I see the 21 ema and the 13,700 as a floor for the index, and pullbacks to this area would be opportunities to buy. Now, let’s see the weekly chart. The index is having a hard time trying to break the pivot point at 13,879. In the worst-case scenario, the index would correct to the 21 ema in the weekly chart , if it loses the 13,700 in the daily chart. I’m not working with this scenario, as historically speaking, the NDX keeps several months without retesting its 21 ema. To sum up, it seems the index is more bullish than bearish, but it is quite erratic in the short-term. Pullbacks to the 13,700 would be opportunities, and in the worst-case scenario, it would seek the 21 ema in the weekly chart. If you liked this analysis, remember to follow me to keep in touch with my daily studies. And please, support this idea if it helped you! Thank you very much.
TVC:NDQ
by Nathan_The_Finance_Hydra
4
PLTR: Is it ready to fly?Hello trader and investors! Let’s talk about PLTR today! As we thought, in our previous analysis last week, the stock gave us a nice exhaustion sign of the sell pressure. We identified this movement only reading the candlesticks and the volume . As a Price Action trader, I don’t need to use any indicators, and if you are curious, the link to our last analysis is below this idea, as usual. But what about now? The stock is clearly in a bull trend after the false breakout from the $ 22.06 (another thing we discussed in our previous study), and it is doing higher highs/lows. It had a pivot point at $ 23.50, which now is supposed to work as a support, along with the 21 ema, which is pointing up, another sign that we are in a bull trend, at least in the short-term. Let’s see the daily chart for more clues: The stock is still in a congestion in the daily chart, moving sideways since February. This is annoying, but on the bright side, it is not a bear trend anymore. The stock has a floor around the $ 20.18 (red line), and a purple trendline connecting the past three bottoms. This makes the situation hard for the bears, as if they want the stock to drop, they will need to defeat these points. Although it is near a support level, we don’t have a clear bullish structure , like higher highs/lows. In addition, the volume must increase too in order to PLTR break this mid-term congestion. These two signs tell me that now it is not the time for PLTR to fly, but soon it’ll. It just needs to mature its movements a little bit longer. Maybe next week, when we talk about it again, we’ll see something new. Meanwhile, remember to follow me to keep in touch with my daily updates, and if you liked this idea, then please, support it! Thank you very much!
NYSE:PLTR
by Nathan_The_Finance_Hydra
13
AMC: Targets for this Triangle.Hello traders and investors! Let’s see how AMC is doing today. It’s been a while since our last study on it, so we have a lot to update! The link to our last analysis is below this idea, as usual. First, in the 1h chart, the trend is reversing, as we have higher highs/lows, making a good bullish structure. Now, the $ 9.81 (red line) and the 21 ema are working as a Dual Support zone in the short-term, and surely it is a point for us to keep in mind. It also seems we have a Triangle chart pattern as well, as evidenced by the purple trendlines, and this is another thing to keep in mind, especially if we analyze the daily chart: in the daily chart, we are clearly inside a congestion between the green and red lines. As long as AMC keeps between these points, nothing new will happen. But if it loses the Triangle in the 1h chart downwards, it may retest again the red line. On the other hand, if the $ 9.81 holds the price, and if it breaks the Triangle upwards, the scenario might be optimistic after all. Since the trend would be officially bullish in the short-term, AMC could not only retest the green line, but break it, and if that’s the case, there’re no other resistances to work with other than the $ 14.54. Now we must wait patiently to see if these patterns are going to be triggered. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much.
NYSE:AMC
by Nathan_The_Finance_Hydra
8
PLTR: Teaching Technical Analysis to us!Hello traders and investors! Let’s see how PLTR is doing today! First, as we discussed in our last study, PLTR found a support level at $ 22.84, it reacted very well, a nd it broke the green line at $ 24.45 . This is a great sign, and likely PLTR will seek higher levels now. To check our last study, the link to it is below this analysis. Yesterday’s movement was important because PLTR is now free from the previous congestion , and what’s more, it seems the $ 24.45 is going to work as a support next, following the Principle of Polarity . Now, let’s see the daily chart: In the daily chart, we see a nice Ignition Bar yesterday, breaking the 21 ema along with the $ 24.45, and a nice increase of the volume . All of this, in addition to the bullish signs seen in the 1h chart, tells me that PLTR is going to fill the gap (yellow area) at $ 31.34. The only problem is if it is worth an entry point, and if the R/R ratio makes sense. It seems we have a Gift pattern today, which is just a correction seen in smaller time frames, translating into a small black candlestick in the daily chart. This could offer an opportunity, indeed, but there’s a right way and a wrong way of trading Gifts, and we must wait until the end of the day for more definition. If this analysis helped you, remember to like it! And I invite you to follow me to keep in touch with my daily updates. Thank you very much!
NYSE:PLTR
by Nathan_The_Finance_Hydra
15