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ASX:INR TO REGAIN LT UPTREND?Watching INR closely after recent bullish fundamental news regarding Ford Binding Offtake Agreement. I have charted key levels of support and resistance as well as added in long-term and short-term trends. Direction 1: Recently validating short-term uptrend and testing current daily resistance zone IF momentum continues it could regain long-term uptrend and eventually breach current daily resistance. Direction 2: Short-term uptrend eventually breaks due to lack of bullish momentum and a selloff but manages to maintain support, eventually regaining long-term uptrend for a slower and more stable rally as it targets upper band downtrend resistance and ath resistance. Direction 3: Short-term uptrend fails and price fails to regain long-term uptrend due to selloff, price manages to hold and validate daily support and moves sideways developing a short-term range. Direction 4: Short-term trend fails and daily support fails, selloff increases and price moves back to the former low territory to find and validate a level of support. Indicator RSI: Currently trending above the 50 midway mark and in Bullish territory. I will be watching closely to see which way momentum swings and see if it fails the current uptrend. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:INR
by Trader_Johnni
BIDU Farewell?Baidu - Intraday - We look to Sell at 150.96 (stop at 159.81) The medium term bias remains bearish. We have a Gap open at 150.96 from 08/07/2022 to 11/07/2022. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Our profit targets will be 119.90 and 102.50 Resistance: 150.96 / 156.69 / 170.35 Support: 140.58 / 130.51 / 119.82 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:BIDUShort
by Saxo
DJI will have some hurdles next week.Hello Friends! I believe DJI has more downside. Currently, it’s trading in the channel that was developed in 2009 to current. Week of June 13th it tested the bottom of the channel at 29653. Now it’s approaching strong resistance at 31533. Going into next week I think any negative news can push this out of this channel and on its way to test the 28495-28902 gap. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
DJ:DJIShort
by MoneyFishing
NIO - Adam & Eve bullish breakupAdam and Eve (A&E) is a kind of "double bottom" pattern, a potentially bullish reversal signal. NIO broke out of the A&E patten today on a strong gap, increasing it's odds that the trend has reversed (to the upside) and is likely to follow thru in the medium term. Near term pullback possible (and could present opportunity to long at lower risk) but unlikely to close this gap soon. Expect some consolidation as it hit into resistences on the way up. Theoretical target for such a pattern is around $32. Let's see if it will work out (manage positions with trailing stops). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NIOLong
by Juliac
2
DJI - Cash Market Gaps. DJ:DJI had the rally this week and finished with a strong volume day on friday. Looking to this week we have a Gap to be filled from the previous drop at around 32300. This lines up with the 707 from recent high and low. We also have 1 SD @ 32690. Anything above these levels could mean we have some sort of major low in place. At this level there is a Similar retracement from previous rallies. Some more higher prices could be seen this week. I will be looking for pull backs to enter long for now. I hope this helps, Enjoy the week.
TVC:DJI
by L_F
SPX: Did our BREAKOUT! What's next?Hello traders and investors! Let’s see how the SPX is doing today! First, it broke our key point at 3,810 by doing a gap, making this a Breakaway Gap, a bullish continuation pattern. Now we are just doing what the index was supposed to, and it almost filled the gap at 3,900 today. In addition, you may say that the SPX broke the neckline of an Inverted Head and Shoulder chart pattern as well. Either way, the bull trend was confirmed in the daily chart once again, and any pullback to the 21 ema or around the 3,800 would be just a pullback. As long as we stay above these support levels, or don’t do any clear bearish structure, the trend will remain bullish for now. However, there’s one problem with all of this. In the daily chart, the index is still bearish. We are doing lower highs/lows and it is under the 21 ema, which might work as a resistance for us. It is hard to tell how the SPX will react now that we finally hit the ema, but the key points mentioned in the 1h chart are still valid. If we lose our support levels again, probably the index will do a top sign in the D chart, and it’ll resume the bear trend, as usual. So far, we don’t see any clear bullish structure on the daily chart. The situation is quite complex, but if we keep our eyes on the key points, we’ll be fine. I’ll keep you guys updated every day, so remember to follow me to keep in touch. Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Key Points to watch from here!Hello traders and investors! Let’s update our thoughts on the SPX, as it has been a while since my last analysis on it. First, the index triggered a bear trend since it lost the support at 4,073. The downtrend was sharp, however, we must pay attention to some key points. First, we have three gaps – the first one was already filled today. Second, after many days trading below the 21 ema, the index is finally breaking it again, and we are trading above it. Third, we have a key point at 3,810 (purple line), as this price level worked as a support/resistance multiple times in the past, and since we are under this price, this is supposed to be our next resistance. The index is still bearish, and despite the reversal signs it is giving, a true confirmation would come if we break the purple line. In that case, I see the index filling the last two gaps. If it fails, then it’ll just resume the trend, and seek the 3,600 again. The volume is finally starting to increase, and the daily chart suggests a retest of the 21 ema in the next few days. If that’s true, we’ll break the 3,810 line, triggering a short-term reversal. However, we don’t see any bullish reversal structure for the mid-term, therefore, we must be patient. Remember that since the SPX dropped more than 20% from its last peak, we are in a bear market, officially, and trends persist until a clear reversal occurs (Dow Theory). Let’s see how the SPX will react when it hits our key points. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX Gap Fill Play!SPX has 2 gaps on the daily chart. One gap occurred June 10, 2022 and the other on June 13, 2022. On June 15, 2022 SPX closed the day with a spinning top. My plan is to take SPX to the upside after it breaks 3838.51. However, should it break below 3722.08, I will take it to the downside. I have an alert set at 3838.51 with the expectation of a gap fill to approximately 3900. Please reference the screenshots of the SPX daily chart below. *This is not financial advice. Peace, MrALtrades00
SP:SPXLong
by MrALtrades00
AAPL: Doing exactly as expected. What's next?Hello traders and investors! Let’s see how AAPL is doing today! It did exactly what we expected it would, since our last analysis. Now we must update our thoughts. First, in the 1h chart, it did what it was supposed to do, and it dropped to the $ 144 area to fill the gap (blue square). Since this gap was around the 38.2% Fibonacci’s Retracement, the price found support there, and now it is bouncing back up. For us, this is not a surprise, as I already detailed this movement in my last analysis (link below this post, if you are curious), but the recent movement has some interesting implications. Despite the congestion, we still see an open gap at $ 150, and this could help the price to retest its previous resistance at $ 151. Meanwhile, any correction to the $ 144 is ok, but again, if we lose this point, then any possible bullish thesis will be frustrated for now. In the daily chart, we are still bearish, doing lower highs/lows and below the 21 ema. However, if we break the 21 ema again, AAPL will have decent chances of retesting the $ 151 again. Now, this alone is not a bullish reversal, but if we actually break the $ 151, then we’ll see a bullish pivot point. If AAPL triggers this pivot point, by doing a higher high/low, it’ll reverse the bear trend in the daily chart, and in this scenario, we could think about the gap at $ 174 (red dashed line). But we must wait for better signs, as for now, it is still a bear trend with low volume. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
NVDA: Doing as we planned! How to proceed from here?Hello traders and investors! Since my last update, NVDA is doing exactly as expected. Let’s see what to expect from here. First, in the 1h chart, NVDA broke our line at $ 182.90, and it kept going up, as the momentum was clearly bullish. Since then, it seems NVDA lost its strength, but as long as we stay above the $ 182, it won’t reverse and turn bearish again. The 21 ema is flat, and this means congestion. In my view, this is a sideways correction, before it resumes the next bullish leg, but the confirmation would only come after the breakout of the $ 196 area (upper black line). In the daily chart, we are still bullish, as NVDA is above the 21 ema (which is ascending now), and we are above the $ 182. In the daily chart, we understand better why this purple line is so important. The $ 182 worked as a support and resistance multiple times since April. Clearly, this is an important price level. In addition to this, it was the break point of this Double Bottom chart pattern, a reversal pattern. I mentioned this pattern in my last analysis, and the link to it is below this post, as usual. The $ 204 is the first resistance to work with. I still believe we’ll fill all the previous gaps and hit the $ 258 again, but this is going to take a while. For now, let’s pay attention to the $ 182 area (the most important key point) and the $ 196 resistance. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3