PLTR: I told you to BUY the DIP!Hello traders and investors! Let’s see how PLTR is doing today!
Since our last analysis, PLTR did confirm our Double Bottom pattern above the $ 26.07, and it resumed the bull trend nicely. Now it is doing a pullback to the 21 ema in the 1h chart, as usual, and the situation seems to be under control.
Yes, PLTR is dropping today, but since the volume is so low, I’m not convinced that it’ll keep dropping. Either way, we must keep our eyes on the $ 27.91, as this is a possible bearish pivot point, which could make PLTR drop a little bit more, if triggered.
In the daily chart, we see that PLTR is just trending nicely, and if it triggers the bearish sign in the 1h chart, a pullback to the 21 ema would be expected again. So far, we have not a single bearish sign, not even a possible pullback sign, so we’ll just assume that it is seeking the gap at $ 31.34.
The gap is our next target, however, for the long-term, we expect that PLTR will retest the $ 45 again, and we have technical reasons for that.
The moment PLTR broke the $ 27.47, it triggered a pivot point in the weekly chart, and this long-term reversal sign is something impressive. It is above the 21 ema again, and the volume increased nicely during and after the breakout of the pivot point.
All of this tells me that PLTR will fly again, but first, let’s focus on the key points mentioned in this analysis.
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Gap
NVDA: Good reaction in an important price level!Hello traders and investors! Let’s see how NVDA is doing today!
After it defeated the pivot point at $ 214.56, NVDA reversed the trend nicely. It quickly filled the gap (yellow area), making it an Exhaustion Gap, and now it is trading slightly above the resistance at $ 224 , which is a good sign.
There’s still a chance that it’ll do a pullback to the 21 ema again, and this wouldn’t ruin the bullish bias at all . When a stock is trending, pullbacks are just opportunities to buy.
What’s more, the pivot point was triggered in a very good moment:
In the daily chart, NVDA just retested the 50% Fibonacci’s Retracement and the support at $ 208 (black line), and it did a nice Doji candlestick pattern too.
We have many bullish signs around, and considering that the long-term trend is bullish, NVDA seems to be perfectly under control.
We see not a single bearish reversal pattern , either in the 1h, daily or weekly charts. It seems NVDA just completed its pullback, and now it resumed the bull trend.
As long as we don’t see any bearish sign, NVDA will remain bullish and seek the next resistances, maybe even the ATH soon. Let’s follow it closely.
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AMZN: Keep an eye on this REVERSAL PATTERN!Hello traders and investors! Let’s see how AMZN is doing today! This week AMZN dropped sharply, but is there any reason to panic? Let’s see.
I would be worried if we didn’t see any bullish structure around, which fortunately, is not the case. We have a pivot point at $ 3,379.70, which is supposed to work as a bullish reversal pattern. The catch is that the pattern wasn't triggered yet.
As evidenced by the red line, we just did a bottom higher than the previous bottom, and if we do a new high, this will break the bearish bias for good . We’ll defeat the 21 ema as well, and AMZN will just seek its next resistances, like the gap at $ 3,456.37 and the $ 3,549.49.
Now, let’s see the daily chart for more clues:
In the daily chart, AMZN just hit the 61.8% Fibonacci’s Retracement , and now it is reacting nicely. It seems AMZN found a floor around here, and this reinforces the idea of a bullish reversal movement .
The only thing we must wait is for more confirmation , after all, the situation is still delicate. The trend is not bullish yet in the daily chart, and any buy here would be risk. This week will be decisive for AMZN. I still see it filling the gap at $ 3,580 , we just don’t know when it’ll do it, or how.
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Uber: Pre-market running. Gap fill or trend up?Uber resisted recent market sentiment and stayed green at the end of the day. Now, it's up with a 5% lead after some good news.
Now, as a day trade, I'm looking for a gap fill down to buy the bottom or a slow trend up.
The yellow lines are s/r from weekly lines. These can be key supports and predictably the first line it will test if we see a downwards motion on open.
PLTR: I told you it was going to hit our TARGET! What's next?Hello traders and investors! Yes, PLTR broke our target, and it is trading above it since our last analysis, last week, which was a crystal-clear buy opportunity . Now, what’s next for us?
First, in the 1h chart, we see that the trend is clearly bullish, and there’s not a single reversal or bearish sign around. Even if we see a top coming, our target at $ 27.47 is a support level for us, as it was a previous resistance. This happens thanks to the Principle of Polarity .
Now, let’s see the daily chart:
Yep, the situation is looking good here too. We have no top sign, and we can set a new target on PLTR: $ 31.34 . This is a previous gap, which will be filled next.
Now, let’s see the weekly chart:
Yes, PLTR triggered the bullish pivot point when it broke the $ 27.47, and this is a big deal. This pivot point is a long-term reversal pattern, which has a target at $ 45.
First, let’s focus on the gap, ok, but technically, PLTR has everything to retest the $ 45 again.
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SPX: About to do something interesting!Hello traders and investors! As usual, let’s see how the SPX is doing today!
I overestimated the bears, as I was expecting that the index would fill the gap at 4,444 yesterday. We still could fill this gap, as today the index did a rally to the 21 ema, just to do another bearish reaction, making it a possible Dead Cat Bounce .
However, if the index reacts and closes above the 21 ema, we might see a reversal pattern, possibly a bullish pivot point . Aside from the support at the gap, now seems to be an important place for the index to form a bottom in the daily chart:
Since we are just above an important support line, any bullish reaction around here would be an excuse to buy. We just need to wait for confirmation.
The volume seems ok, but it is harder to read than SPY’s volume, which clearly spikes when we get near the support line:
Surely, something interesting is about to happen. Let’s pay attention to the signs it’ll give us this week. 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!
Have a good day.
AMZN: Careful with this Trap Zone!Hello traders and investors! Let’s see how AMZN is doing today!
Like many other stocks, it seems we are having a Double Top chart pattern, but I see more than that.
Keep in mind that the momentum is bullish, so the 21 ema is going up along with the price, offering a dynamic support level for AMZN. The price is between two important key points, above the 21 ema, and under the resistance at the previous top level , at $ 3,526. This is what we call a “ Trap Zone ”.
The 21 ema is squeezing the price against the resistance, and at some point it’ll explode, we just don’t know if it’ll do an upwards breakout, or a downwards breakout . However, we work with some scenarios.
If AMZN loses the 21 ema in the 1h chart, probably it’ll seek the 21 ema in the daily chart. The bias would still be bullish, as we lack bearish structures in the daily chart and it might be an opportunity to buy.
If we defeat the resistance at $ 3,526 then the odds are the AMZN will fill the gap at 3,580 without a pullback, and it won’t give any buy opportunity for whoever's out of it.
Either way, I see AMZN filling the gap, we just don’t know how it’ll fill it. If this analysis helped you, remember to follow me to keep in touch with my daily studies. And support this idea if you liked it!
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THE RED TO GREEN AND GREEN TO RED ENTRY STRATEGYHi guys
made 2 good trades using this strategy for my entries
- plot the daily open line on your charts and previous day close
- base your entries using the break of the daily open line
- use this strategy with other indicators :
ex for me i use VWAP, 9 EMA 5min and pattern such as flag or triangle to time my entries intraday
the best situation is when you have some consolidation at the daily open line level on the 5 min time frame or lower before entering the trade so it defines a clear stop zone before you take the trade
have a good one
FEDEX gap upFedex presents a GAP formed on 7/21/21.
The GAP would be filled at around $297.50 which presents a swing idea from the current sock price of 263.64.
Closest support is at 258.43 which if respected would be a good entry price for this play.
I am a beginning trader and I welcome all comments &/or suggestions. This is just my plan from what i've learned
ZME Potential Gap. Curling. Curling here on daily. Used highest volume day as a beacon for potential trendline in green. Gapping on these Chinese Edus is common.
NIO: Hit our target again! What's next for us?Hello traders ands investors! NIO hit our target and it filled our gap at $ 40.83 . The link to my previous idea is below this post, as always. Now, what’s next for us?
First, in the 1h chart, we see a clear bull trend. NIO is doing higher highs/lows , and the 21 ema is pointing up. Today we are above the resistance at the gap , indicating that it’ll seek other resistances.
We have a minor resistance around $ 44.38, but the resistance at $ 46.36 is much more interesting to work with.
In the daily chart, NIO is already above the 21 ema, and we don’t see the $ 44.38, but the $ 46.36 is a clear mid-term resistance for NI O.
Since it is giving early signs of reversal, the chances that it’ll seek the next resistance are very good. The volume is also quite good, and NIO already did a bullish structure indicating a reversal, when it triggered the bullish pivot at $ 39.62.
It seems NIO will reverse the trend and seek higher levels in the next few days/weeks. Let’s follow it closely. And if you liked the analysis, remember to follow me to keep in touch with my daily updates.
Have a good week!
JICPT| Tencent completed retest, ready to challenge gap! Hello everyone. It's a good day for tech bullish buyers, especially Tencent fans.
On the daily chart, I found the retest has been completed with a bullish leg-out candle formed today. Looking above, the next challenge is the gap from HKD513 to HKD528. Also, there is a downtrend line which may weigh on it.
Looking forward, the valuation is attractive and I'm bullish on the stock. Though, it could have a second fall to the level of HKD479 before coming back again.
What's your opinion? Give me a like if you're with me.
PLTR: Example of how to do a Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today, do a complete Multi Time Frame Analysis (MTFA), and I'll share with you my bullish thesis on it.
First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop.
Only if we lose the purple trendline in the 1h chart we might see a decent pullback in the daily chart, but for now, we have no bearish confirmation, and the trend is 100% bullish.
In the 1h chart, it seems we have a Cup & Handle chart pattern, and the target of this pattern is the $ 27.47. Even if PLTR does a pullback in the daily chart, let’s say, to its 21 ema, the trend would still be bullish in the mid-term, and wouldn’t change our bullish thesis.
The $ 27.47 is another key point. It is not just the target of this Cup & Handle, but it is a pivot point in the weekly chart :
If PLTR defeats the $ 27.47, there is no other meaningful long-term resistance other than the $ 45 . What’s more, the chances of a breakout are very high, and this is evidenced by the volume , which has been increasing a lot in the past few weeks.
We have more targets to work with in the mid-term, like a gap at $31.34, but if you aim for the long-run, PLTR is a fantastic stock to own, given all the patterns it has been doing. And this is how we build our thesis, based on technical analysis (or fundamentals), not on what we "think", "believe" or "guess". Nobody else's opinion matters, not even mine. Only the charts matter.
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Have a good weekend!
TSLA: Hit our target! What's next?Hello traders and investors! Let’s see how TSLA is doing today!
TSLA has been killing its bears recently, and yesterday it finally hit our target , filling the gap at $ 732.61. Have no bearish structure , and there’s nothing telling us that it’ll drop. The support at $ 729.87 is a key point for us, and only if TSLA loses it, we might see a correction.
The 21 ema is pointing up, and we have a series of higher highs/lows and everything is telling us that TSLA is just heading to our next target.
In the daily chart, it is easy to identify the strong bull trend TSLA, and the $ 753.77 is the next target . The volume is increasing, and it is looking good. I see the $ 753 as a minor resistance, and the $ 780 is better to work with in the mid-term.
Just like in the 1h chart, the 21 ema is pointing up, we have higher highs/lows, and we have a strong bull trend in the short, mid, and long-run . If we see a bearish structure in the 1h chart, by losing the $ 729, then we might finally see a correction. But for now, we are doing great.
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Have a good day.
SPX: Afraid of a pullback? Check these key points.Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, we have some interesting key points to watch from here. First, the trend is 100% bullish, and there’s not a single pullback/reversal/weakness signs around . We don’t see any bearish structure, only bullish.
However, if the index doesn’t break the previous top, and fails in doing a new record, and if it loses the green line at 4,515 , we’ll see a bearish structure . This will create a pullback in the daily chart:
Even if the SPX drops, hardly it’ll drop much , as we have too many supports to hold the price: The 4,480; the 21 ema; and in the worst-case scenario, the purple trendline. As far as I know, if the index drops to one of these supports, we buy at the slightest bullish pattern we see around, because the Risk/Reward ratio will make sense again.
Keep in mind that we have many supports in the 1h chart as well, like the 4,500; the 4,469; and the gap at 4,444. All of this supports our idea that a pullback might be just an opportunity . The index is trending nicely, and so far, we have no sell sign.
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NIO: What you need to know about it!Hello traders and investors! Let’s see how NIO is doing today!
In the 1h chart, we see an accumulation . The support is at $ 36.68, which NIO retested twice, and the resistance is the $ 39.62, retested 3x. The 21 ema is flat, and it is always useless during sideways movements.
We have an open gap at $ 40.83, which probably will be filled, but NIO must escape from this congestion first. It is interesting to note that NIO has no other meaningful resistance besides the $ 46.36, and if we see an upwards breakout from this congestion, this is going to be our target.
In the daily chart, the situation looks interesting. It seems the $ 39.62 is a pivot point , and this could work as a nice reversal for the mid-term on NIO. We already did a higher low, if we trigger this pivot point, and do a higher high, it’ll be perfect.
Probably we’ll defeat the 21 ema, and the next target is the $ 46.36, as we said, as this was the previous top level.
However, it is a little too soon to assume anything, so, let’s wait for more confirmation. NIO looks promising, but it must trigger its signs first.
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Have a good day!