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Queen Bee & the Gap. Path to TargetThis has been trading nicely and I wanted to post a most likely path to target from here: ** Initial Target 47 by July 15, 2022 If you're playing the options you might be interested in how it will get to 47. There are a few factors at play here from a technical perspective that make the probability of success here very high. - I don't use bollinger bands often but they have their utility for gauging explosive breakouts from narrow ranges, and for continuation plays (BMBL is the latter) - The purple downtrend lines represent resistance (solid = has yet to be tested/broken, dashed = recently broken) - The black rectangular boxes are price consolidation zones around critical levels, the 9 day sma is used here as a timing mechanism, and the RSI is useful for gauging the strength of the momentum - the horizontal red dashed line is something I call a capitulation zone (defined by a run of consecutive (>=5) red bars, highlighted oval); the orange dotted line is the gap boundaries Back in March there was a failed break of resistance due to momentum not being strong enough - my interpretation is lack of quality of share ownership at the time AKA weak hands. The technical signal that this was going to drop from there was RSI cross bearish and the 9 day ma falling out of the consolidation zone. Following this failure to breakout there was a capitulation period where those weak hands were taken out aggressively. In May the price exited the cap zone under new ownership (strong hands) and the risk of selling pressure on next breakout attempt was reduced significantly. It formed a new consolidation zone right around the downtrend resistance and broke out when the 9 day moving average exited the top of the consolidation zone (RSI was also in good form). Now BMBL can ride support up to test the next downtrend resistance just below the gap. The path I drew in is what I am expecting to see in the price action (i.e. price will be in the next consolidation zone around June 17 and attempt to repeat what happened on the recent breakout). This time it will need to have the volatility going into the consolidation zone to put buying pressure on both the overhead resistance and the gap - otherwise its out of the frying pan and into the fire... BMBL has this based on the bollinger. What I want to see is RSI (purple) and its moving average (yellow) get tangled up above 70 - that is a true sign of strength (don't mistake that for oversold, it actually needs that kind of momentum to truly breakout and fill that gap). Based on time series model that I adjusted for the expected intermittent consolidation period, my time to initial target of 47 is by July 15. I am personally in the July 15 35.00 calls, but this ain't financial advice. Also, I say "initial target" because I will have to re-assess based on how it trades around the gap. Long term I think this goes a lot higher. Best, George Sand
NASDAQ:BMBLLong
by JerryManders
Gap:Bargain buy despite gapping down!Gap Short Term - We look to Buy at 8.08 (stop at 5.20) This stock has recently been in the news headlines. They reported an earnings surprise miss. We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Dip buying offers good risk/reward. Our profit targets will be 15.00 and 17.50 Resistance: 15.00 / 17.50 / 25.00 Support: 7.50 / 5.26 / 2.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GLong
by VantageMarkets
NVDA: Bullish thesis with 40% upside potential (complete MTFA)!Hello traders and investors! Let’s see how NVDA is doing today! To me, NVDA is one of the stocks with the highest potential, if everything works out, of course. Let’s do a complete Multiple Time Frame Analysis (MTFA) on it today. First, in the 1h chart, it finally broke the $ 168 area (black line), which was a support and resistance multiple times in the past. By breaking this line, and by leaving the 21 ema behind, NVDA triggers a short-term reversal, at least to the $ 182, which is the single most important key point on NVDA to me. Let’s see the daily chart now: The trend didn’t reverse here yet, but given how the 1h chart looks, it could reverse soon. First, we would need to break the 21 ema, and second and most important, the $ 182 area. By breaking the $ 182, NVDA will trigger a Double Bottom chart pattern, a bullish reversal chart pattern in the daily chart. What’s more, the $ 182 was a support level in April. And it is working as a resistance for NVDA right now in May. The fact the polarity changed at this price level indicates that it is an important key point, indeed. If NVDA triggers this pattern, it has an immediate target at $ 204, but I see NVDA filling the last two gaps in the long-term. Meaning, it could hit the $ 258 in the next few months – roughly 40% upside. This is why NVDA is one of the most promising stocks I see around. So far, NVDA always filled the gaps that appeared above the price (when it gaps down), so historically/statistically speaking, you could build a bullish thesis on this fact alone, with a high probability of success - however, only TA can help us with our timing. In the weekly chart, this reaction is occurring at a very interesting support level, which is April 2021 top. This could confirm a bottom for NVDA in the long-term, which reinforces our bullish thesis. This reaction on NVDA looks great, and we see a confluence on multiple time frames indicating a possible reversal. For now, let’s just pay attention to the $ 182 area, as this is the key point for us. I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my future analyses! * This is my personal view, based on technical analysis, price action, statistical analysis and historical data. Not investment advice.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
13
AMZN: A $ 500 REVERSAL ahead? Let's see.Hello traders and investors! Let’s see how AMZN is doing today! Like many other stocks, AMZN is trying to reverse. After finding a bottom around the $ 2,048 (blue line), AMZN bounced and it dropped again to this line, making this a possible Double Bottom chart pattern. This is a powerful reversal pattern, and usually it works very well, when triggered. In this case, AMZN must break the $ 2,316 (red line) in order to trigger the reversal pattern. The red line is the last resistance, and it is quite close to the 21 ema, which is another technical resistance that AMZN must break, otherwise, the bear trend will just persist. If AMZN triggers a reversal, we have two possible targets to work with, in the mid-term. First would be the $ 2,707 area, which was a previous support level, and it could be a resistance in the future, according to the Principle of Polarity. Second, and my favorite one, is the gap at $ 2,806, which I do believe will be filled, eventually. In the weekly chart, we see that the possible Double Bottom chart pattern in the daily chart couldn’t have a better timing. AMZN just hit a very curious technical support level, which is the February 2020 top level, before the crash. In addition to this, AMZN is reacting nicely. So far, we see two Hammers candlestick patterns, with long shadows under the candlestick’s bodies, indicating some strength in this area. For now, let’s wait for a clear reversal, as AMZN could fly roughly $ 500 (or 20%) if we do trigger the reversal we want. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
24
SPX: Triggered a REVERSAL! What's the TARGET?Hello traders and investors! Let’s see how the SPX is doing today! It is doing exactly what we were waiting for since my last post (link below). Yesterday we triggered the reversal pattern we’ve been waiting for, by breaking the 3,979, now we are just seeking our next target at the 4,090 area, and the gap around 4,075 will probably help us here. Remember, gaps work as magnets. Since it is a bull trend in the short-term, any pullback to the 21 ema or to the 3,979 again would be just an opportunity to buy. However, if it drops too much and loses the 3,900 it might ruin the bullish structure. Lets see how the daily chart is doing: In the daily chart, we broke the purple trend line we’ve been mentioning, and as we discussed in our previous analyses, by breaking this line, the index is putting an end to the bearish bias in the daily chart. However, unlike in the 1h chart, the trend is not bullish yet! In order to do a clear reversal, the index must break the 21 ema, and most important of all, break the 4,090 (red line). This will trigger a mid-term reversal pattern called Double Bottom chart pattern that could lead us to the 4,500 again. As usual, there's a problem. I would just like to see a higher volume. This is not enough to ruin our bullish thesis, but it is something to keep in mind. The index is finally bullish in the 1h chart, and this may trigger a reversal in the daily chart as well. Our next target is 4,090, for now. I do daily analyses on the SPX, so if you want to keep in touch with my thoughts, just remember to follow me to not miss any of my future analyses.
SP:SPX
by Nathan_The_Finance_Hydra
9
SPX: Almost REVERSING! Watch these key points for now!Hello traders and investors! Let’s see how the SPX is doing today! Again, the 3,979 worked as a resistance, and this is not a surprise at all. We've been talking about the 3,979 since last week, and we know that as long as the index stays under this price, it can’t do a decent reversal. The link to my previous analysis is below this post, as usual. At least, the index filled the last gap, making it an Exhaustion Gap, which is a sign of a reversal ahead, but again, in my view, we still must break the 3,979, as this will trigger a Pivot Point in the 1h chart. Another interesting thing is that we are trying to break the purple trend line in the daily chart, and this will surely put an end to the bearish bias. This alone is not enough for a bullish reversal, but by adding the other signs we have (Exhaustion Gap and possible Pivot Point in the 1h chart), we can build a nice bullish thesis. If the price finds a resistance at this purple line, and loses today’s low, we could drop again to the 3,858 (previous support). By breaking the 3,979, I see the index retesting the area around the 21 ema and the 4,090 in the daily chart, in the short-term. By breaking the 4,090, it’ll trigger a Double Bottom chart pattern in the daily chart, a mid-term reversal, that could take the SPX to the 4,500 again. I do daily analysis on the SPX, so remember to follow me to keep in touch with my insights!
SP:SPX
by Nathan_The_Finance_Hydra
4
NQ Power Range Report with FIB Ext - 5/25/2022 SessionCME_MINI:NQM2022 - PR High: 11856.50 - PR Low: 11809.75 - NZ Spread: 258.50 Evening Stats (As of 12:05 AM) - Weekend Gap: = +0.23% (filled) - Session Open ATR: 443.19 - Volume: 33k - Open Int: 251k - Trend Grade: Bear - From ATH: -29.5% (Rounded) ! Hovering over -30% from ATHs. Tuesday's gap unfilled ! Key Levels (Rounded - Think of these as ranges) - Long: 14105 - Mid: 12960 - Short: 11800 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022
by mv3trader5
SPX: Still BEARISH, but these patterns could REVERSE the trend!Hello traders and investors! Let’s see how the SPX is doing today! Yesterday’s reaction was quite good, but as we thought, not enough to trigger a real reversal. We pointed to the 3,979 (black line) as the main resistance to break, and not surprisingly, this point was yesterday’s high multiple times before it melted today. The link to my previous analysis is below this post, as usual. As long as the index remains under the 3,979, it won’t trigger a proper reversal sign, in the short-term. If it breaks the 3,979, it’ll probably fill the last two gaps and hit the 4,090, another important key point, as we’ll see next. In the daily chart, we are still under our purple trend line, so the trend is still bearish. If we break this line, we might see something new, but only the breakout of the 4,090 would trigger a mid-term reversal in the daily chart, as this is the breakpoint of a (possible) Double Bottom chart pattern. If the index triggers this Double Bottom, the 4,500 would be our next stop, but for now, we have many challenges to overcome: The 3,979, the purple trend line, and the 21 ema in the hourly and daily charts. Right now, I'm neutral on the index, but if it reacts properly, it could be a buy again. Only time will tell. Since we are near a support level, we must pay attention to these key points this week. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
AAPL: About to reverse? Let's see...Hello traders and investors! Let’s see how AAPL is doing today! First, we see a very strong reaction, breaking the 21 ema along with the previous resistance at $ 140. This seems to be a V-shape recovery, just as the SPX is doing. This is a good indicator, and this could be the beginning of a reversal on AAPL, but we must see more confirmation signs around. A pullback to the 21 ema is expected, and even desirable, but if it drops too much it could ruin the bullish reaction. Personally, I see AAPL filling the last gap (yellow square) and retesting the previous resistance at $ 149, but the situation is still delicate. In the daily chart, the timing of this reaction was perfect, as we just hit the support level at $ 138. The $ 149 area we mentioned above is near the 21 ema as well, reinforcing that AAPL could easily bounce back up to this price in the next few days. If this will be a dead cat bounce or not, we’ll see when we get there. However, if we break the $ 149, AAPL would trigger a double bottom chart pattern, and this could take us to higher levels, maybe to fill the gap at $ 174 (yellow area). For now, we must wait for more signs, but this week looks promising for AAPL. 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
SPX: In a neutral zone! But for how long?Hello traders and investors! Let’s see how the SPX is doing today! First, it crashed a lot yesterday, losing the 21 ema, frustrating any possible bullish reaction. Right now, we don’t see any reversal sign, and there’s nothing indicating that the index could recover from here. However, it is not all bad. If the SPX keeps dropping, we have a support at 3,858, but I’m not sure if it’ll get there, as it seems it is reacting already. Only if the index loses this support we would see a continuation of this bear trend. On the other hand, it is under its 21 ema and under the 3,979 (previous support level). As long as it stays under this price level, we can’t say the index could recover. If we see a clear bullish reversal structure around, in my view, we could break the 21 ema and bounce up to the 4,100, filling at least the two last gaps. Again, there’s nothing indicating this could help. To me, we are in a neutral zone, and there’s nothing interesting going on here. In the daily chart, we see that the index is still in a clear bear trend, near its support level, far from the 21 ema, and the volume is very low. This reinforces our idea that we are in a neutral zone, and nothing interesting will happen until it breaks either its support or resistance levels mentioned when we studied the 1h chart. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
Kroger Gapped Up. Now It’s Pulled BackKroger is one of the top-performing non-energy stocks in the S&P 500 in the last year. Now it may look interesting to trend followers. The main feature on today’s chart is the surge after quarterly results on March 3. KR tried to pull back to the bullish gap in April, only to see buyers defend levels slightly above it. Notice the series of candlesticks this month as new support developed around $53.20. Next is the falling trendline that KR closed above yesterday. Does that mark an end to the short-term decline? Third, the stochastic oscillator is rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:KR
by TradeStation
NVDA: Complete Multiple Time Frame Analysis (H, D and W charts).Hello traders and investors! Let’s see how NVDA is doing today! In the 1h chart, NVDA is very erratic, moving sideways, and we don’t see any clear structure that could confirm a bullish or bearish trend. What’s more, it is dancing around the 21 ema (which is flat), and the volatility was quite high today, thanks to Unemployment Rate and Payroll today. We do have a open gap around the $ 200, and if it gets filled in the next few days, the market may see this as an Exhaustion Gap. The daily chart is looking better. NVDA is clearly bearish in the daily chart, as it is doing lower highs/lows, and it is under the 21 ema (which is pointing down). However, there’s a light in the end of this tunnel. In order for NVDA to reverse, it must not lose the red line at $ 182, and it must break the $ 204. This is the condition to trigger a bullish structure. If this happens, the gaps are going to be our next targets; the first one is at $ 230.62. In the weekly chart, we see that NVDA is back to July 2021 levels, after a massive sell-off. During the drop, the volume was low, while it is increasing now that we hit our support level. This is something no pay attention. We might see a positive week now, for the first time since March, 28, and this could be something good. To me, the confirmation will come when NVDA breaks the $ 204 in the daily chart, so let’s keep our eyes open. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses! Have a great weekend!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
Does TWLO have more ALOT more room to fall? TWLO has seen a dramatic drop off of highs. It is currently downtrending with strong moves under the 10ema on the weekly time frame. I am looking to short the retest of the 10 ema on the weekly chart and short it to the ultimate target of 110. This is the low of the breakout candle made during the week of May 4, 2020. There is support at 150 and 130 between here and then. I plan to take profit at these areas and reenter on bounces unless I start to see signs of a reversal.
NYSE:TWLOShort
by Decam9
FB - could the low be in?FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021. It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts to range. As long as it does not reverse back below the low of the gap candle (192.90), then the worst could be over. However, under the current market conditions, I will not expect it will be able to recover anywhere near it's all time high anytime soon. 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! Cheers.
NASDAQ:METALong
by Juliac
2