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MU: Trading Around a Critical Resistance Level!Since MU broke through its reversal point at $91.47, the stock has entered bullish territory, and has now reached our technical target at $111, which was set in our last public analysis on September 18, when the price was around $88 (link below this post). Now that the technical has materialized exactly as expected, according to the evidence we had at the time, we can update our reading. Daily Chart (Left): Resistance at $111: The price has reached its resistance at $111, however, it needs to close above it to confirm a true breakout. If a top signal materializes below this area, then a pullback might occur. Support at $96.18: Should a pullback occur, the $96.18 level, aligned with the 21-day EMA, can provide support. The price is comfortably trading above this area, which reinforces the bullish momentum. Gap Resistance at $127.24: If the bullish momentum continues, the next major level to watch is the gap resistance at $127.24. Closing this gap could provide a significant boost for the stock, as it will have cleared a major technical barrier. Weekly Chart (Right): Double Bottom Pattern: A clear double bottom is forming around the $85 level, which typically indicates a potential reversal pattern. The price broke through the neckline at $111, but it needs to close above it to confirm this pattern. Projected Target at $157.54: Based on the double bottom pattern, the potential target is around $157.54. This key point is the next technical resistance. Conclusion: MU is in a bullish phase, trying to break through the $111 resistance. With the double bottom pattern in play, the stock has room to test the $127.24 gap resistance and potentially extend toward the $157.54 target. However, should watch for possible top signals, as this could bring a pullback to the $96.18 support area, which may offer buying opportunities if the trend remains intact. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
2
Insiders loading - BIG GAP FILL POTENTIAL - AMLX - BIOTECH PLAYInsiders high level are loading up shares in the sub 3.00 area, I will personally scoop up shares between 2.99-2.54 Below that this plan is invalid. Stop placed at 2.54. HUGE POTENTIAL FOR GAP FILL ON ANY POSITIVE NEWS. GOING THROUGH NO MANS LAND WITH VOLUME MEANS HUGE POTENTAL. Because these things can be event based set your limit sells at numbers that make sense for you. I will be cutting 35% around 4.30-4.40. Might buy back if it drops to 3.80s before any gap filling takes place. Looking at a 43% upside from these levels to recent highs and if a bullish event-based volume day happens... Well, 6.51 is the next stop, and possibly $11. Not a bad risk/reward ratio here. Maybe the insiders, CFOs directors know something we don't just yet.
NASDAQ:AMLXLong
by mortimerkylej
2
PLTR takes profit after gap upPLTR received some wonderful news lately and surged to dramatic highs very quickly Gapped up then rallied during yesterday trading before settling off Expected selloff is starting as hype wears off. We should expect to see more selling off in the near term before stock settles PLTR remains in the bullish zone so far. We are starting to see more weakness in risky tech assets forming. So expanding on long term bullish positions should be done cautiously.
P
by ratchet-mint
4
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53. Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now! Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77! -Once Price confirms the Correction Wave, we see the RSI cross Above 50 -Price is now trading Above 200 EMA *AREA OF CAUTION* -Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!! Earnings & Revenue Due Wednesday Aug. 28th.
NASDAQ:NVDALong
by Novi_Fibonacci
4
Gap Anticipates Revenue Growth in Q2 ReportGap Inc., a leading global retailer, is poised to release its Q2 earnings report after today's market close, projecting a revenue increase to 3.63 billion USD, marking a 2% rise from the previous year. The company also anticipates an increase in earnings per share to 0.40 USD, up by 0.06 USD from last year. Additionally, preliminary data suggest a nearly 3% growth in same-store sales. Since the start of the year, Gap's stock has seen a moderate increase of 11%, and a positive quarterly report could further catalyse the stock's upward trajectory. Technical analysis of The Gap, Inc. (NYSE: GAP) Exploring potential trading opportunities based on the technical setup of Gap's stock ahead of its earnings announcement: Timeframe : Four-hour (H4) Current Trend : the stock is exhibiting an upward trend within an ascending price channel on the H4 chart Short-term Target : the immediate upside target is positioned at the resistance level of 25.40 USD Medium-term Target : breaking past the 25.40 USD resistance could lead to further price appreciation towards the yearly high of 30.74 USD Key Support : currently established at 22.24 USD Reversal Scenario : should the stock breach the key support level at $22.24, it would negate the bullish outlook, potentially driving prices down to around 20.00 USD Market outlook Gap Inc. shares are currently trading near the support line of the ascending price channel. A robust earnings report could provide the necessary momentum for the stock to continue its upward movement, possibly approaching annual highs near 30.00 USD. Investors and traders should closely monitor the reaction to the post-earnings which will likely set the tone for the stock's short-to-medium-term trajectory. A positive outcome could reinforce the bullish trend, while any negative surprises might prompt a reassessment of the stock's growth prospects. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:GAP
by RoboMarkets
Let's update our #Bitcoin #CME 1D chart;Let's update our #Bitcoin #CME 1D chart; If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels. In the meantime, I have always voiced the danger of the gap it leaves behind as it rises. While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above. We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
CME:BTC1!Short
by ugurtash
BTC is approaching its bottom in the 51k areaIt seems that BTC is approaching its bottom in the 51k area, as seen from several indicators including: 1. Fibo 0.618 (goldenratio) correction from impulsive wave from January to March 2. Major support at 51k has not been visited since February 3. Finishing ABCDE correction wave 4. Bottom trendline descending channel formed since March 5. Liquidity heatmap is around 51k 6. CME gap at 58k has been filled, and another gap has emerged above in the 59.5k - 62k area 7. Fear and greed at 26 (FEAR)
CME:BTC1!Long
by wahing19
TSLA: Dangerous Price Action - Next Key Points to Watch.The daily chart displays a recent challenge at the main mid-term resistance level around $233.09, where the stock has struggled to maintain upward momentum, marking this as a significant resistance zone, which was a previous support level, another example of the Principle of Polarity in Technical Analaysis. This resistance, coupled with multiple rejections at this level, suggests a strong overhead supply that could cap further price advances in the short term. What's more, this resistance area is reinforced by the 21-day EMA. TSLA would have to break this key resistance as soon as possible to turn bullish again, otherwise, it'll seek its next support levels. A critical gap support observed at approximately $213.23 serves as the immediate fallback level. This area could be pivotal if the stock retreats further, as gaps often act as psychological markers for traders and may offer support or trigger accelerated selling if breached. On the weekly timeframe, support area around $205.30 (previous resistancce), supplemented by the 21-week EMA, provides a broader view of the stock's structural support. This confluence of support levels not only highlights a potential stabilization zone but also frames the downside risk if market conditions deteriorate. Tesla's stock movement near these key technical levels—resistance at $233.09 and support at $213.23 and $205.30—offers a clear narrative of a tug-of-war between bullish aspirations and bearish pressures. The interplay between these levels should be closely monitored, as a decisive breakout or breakdown could set the tone for the stock’s direction in the coming weeks. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers. This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
Turbo preparing for more upwards move but there will be pain!Turbo's price action is currently in what looks like a level 1 move, however this could be invalidated if the equal DAILY lows are taken out by a liquidity sweep. However that should be short lived as there is significant resistance in the form of an FVG and Gap in the 'Discount' zone, below the 0.50 Fibo, as we are still in a Bullish Trend with current DAILY and WEEKLY EMA in a bullish cross. The painful areas could be anywhere between the Gaps (0.004970 ~ 0.0040016) or even as low as (0.0034710 ~ 0.0029715). However in my opinion price action won't breach the 0.004000 value, unless with a fast wick to the down side before reversing. The bullish targets are the Equal Highs (where liquidity is lurking) as well as the previous High where additional liquidity is lurking in the form of bearish stops on the futures markets. All in all, based on my analysis, is that Turbo will continue to surge forward, at least to a target of anywhere between 0.01 to 0.10 cents, even possibly higher, based on market sentiment and interest in this token, which I must add is based in Real Art with a very interesting background story of how it was created, with the assistance of both a strong community and Chat GPT AI.
Long
by Market-Pip-Factory
1
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
AMD: Daily and Weekly Chart Analysis.Daily Chart: Support Levels and Fibonacci Retracement The daily chart of AMD highlights key support levels and Fibonacci retracement zones. The price recently bounced from a double support level at 153.49, which is both a gap support and a 61.8% Fibonacci retracement of the prior uptrend. This level's resilience suggests a strong buy zone. The 21-day EMA at 161.47 is acting as a dynamic resistance. If it closes above this level could push the price towards the next resistance at 174.55. The support at 153.49 remains crucial, as a break below this could signal further downside towards 148.00 and 142.00. Weekly Chart: Ascending Trend Line and Pivot Point The weekly chart shows AMD trading above a long-term ascending trend line, indicating a sustained bullish trend. The 21-week EMA at 162.06 provides additional support, and it is very close to the 21 EMA on the daily chart, reinforcing the important of a breakout of this key point. The price has a pivot point of 174.55. Holding above the trend line suggests bullish momentum, with the potential for the price to retest the resistance at 174.55. A break above this level could target the next resistance at 187.00, while a failure to hold above the trend line might lead to a pullback towards the 150.00 level. Conclusion: Key Levels to Watch for Bullish Continuation On the daily chart, the double support at 153.49 is critical. The weekly chart's ascending trend line and pivot point at 174.55 will guide the broader trend. Maintaining support above the key levels on both charts will be essential for a continued bullish outlook. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra