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AMZN: Bullish signs around! Will it fill its gap?Hello traders and investors! Let’s see how AMZN is doing today! It did what we expected in our last study, and it did a bullish pivot point in the 1h chart ($ 3,318.86). The trend reversed for good, and it looks very strong, as it didn’t even try to retest the 21 ema. Now it is just going up, and we have no bearish signs around. It is interesting to notice that AMZN did a good reaction at the best time possible as it was just above its support in the daily chart: The black line at $ 3,182.38 was a strong support level for AMZN , and when it did the pivot point in the 1h chart I was more convinced of a stronger movement. Now the odds are that it’ll fill the gap at 3,580.01. Probably we’ll see pullbacks along the way, but the bias is bullish for now. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped! Thank you very much. Have a good week.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
6
AMD: You must pay attention to these patterns! Next Key Points!Hello traders and investors! Let’s how AMD is doing today! It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around. The moment to buy AMD was at $ 106.07, as I warned you last week ( link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks. However, we have some good signs in the daily chart: After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement , AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S. If triggered, AMD will have a technical target at the All-Time High . The only thing missing here: A good volume after a breakout. Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
TSLA: Something interesting is going on here!Hello traders and investors! Let’s see how TSLA is doing today! Ok, we overestimated the bears here, and the pullback to the $ 695 as we expected didn’t happen (we missed by only $ 2). But TSLA is not in a strong bull trend anymore. It is still a bull trend, but since we lost the purple trend line the movement is starting to look more like a congestion . That’s fine, and as long as we keep above the $ 695 and don’t do lower highs/lows, the odds are TSLA will fill the gap at $ 732.61, as we see in the daily chart: In the mid-term, TSLA is trending nicely, and despite the movements seen in the short-term, there’s nothing to worry on TSLA. In fact, we could even assume that the congestion in the 1h chart is a Flag chart pattern. In the worst-case scenario, TSLA would hit again its purple trendline, and this wouldn’t ruin the bullish bias in the daily chart. If you read this far, remember to support this idea and follow me to keep in touch with my daily updates! Have a good day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
NIO: Giving us early signs of reversal!Hello traders and investors! Let’s see how NIO is doing today! Yes, NIO is giving us early signs of reversal, as we thought in our last analysis. Now it is dropping, but is there any reason to panic? Let’s see. The $ 39.62 seems to be a resistance for NIO, which made it drop again to the 21 ema, and it might even retest the $ 37.89, the first pivot point that reversed the trend. I don’t see this as a reason to worry, as NIO is doing just fine for now, and we lack bearish structures in the short-term. If we lose the $ 37.89 then ok, the bullish thesis will not work as we wish, but if we defeat the $ 39.62 NIO will fly again. We have an open gap at $ 40, and no other meaningful resistances up to $ 46.36. The Risk/Reward ratio seems to favor the bulls here. However, in the daily chart, the bulls are still in trouble. We lack bullish structure here, and the reversal signs in the 1h chart may be not enough. The 21 ema is pointing down, and we are below it. It feels like if we are about to see a bullish reaction, it is still too early to tell. If we defeat the $ 39.62 in the 1h chart, it’ll be a good start, but as long as NIO keeps moving sideways, we can’t assume anything. Let’s keep our eyes open here. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
5
SPX: Yes, the support is working as we thought. What's next?Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it just retested the 4,480 , which is the key point we’ve been mentioning for a while, and now it is trying to react. As long as it keeps above this red line and the 21 ema, the index will keep trending. In fact, since we have this red line and the 21 ema, we can call this a dual-support level . If we actually lose it, then probably we’ll fill the gap at 4,444. It is interesting to notice that the gap at 4,444 is very close to the 21 ema in the daily chart, making it another dual-support level in the mid-term . In the worst-case scenario, we would hit the purple line again. For now, let’s watch carefully the red line in the 1h chart, as this is the key point for the short-term. I don't think now it is a good time to buy, but we have many other stocks that are looking great, in my view. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
1
SNAP - ATR is decreasing, time to buyReferring the left side chart only This is an hourly chart of SNAP backtested using my Script: " Relative Volume Strategy " From backtested trades, we got stopped out two times in a row in this 70-75 price range. Still, this proves to be a significant price area. The win-rate with the default settings is approx. 35%. Odds of winning next time should be in our favor (i.e. followed by a breakout). It is assumed that the up-gap formed on July 22 (as a result of positive earnings) is a breakaway gap. If it fills, then it will be a matter of risks associated with the overall market (not SNAP as a company individually). We will put a stop loss near the orange support line. ----- Other information (about the right side daily chart): This setup is just for my reference to see price actions from a higher timeframe. At the bottom, I pasted some target prices. We note that the current price is below average target.
NYSE:SNAPLong
by DojiEmoji
Snap Holds Bullish Earnings GapSnap rallied hard one month ago following strong quarterly results. Now it may be ready to move again. Notice the bullish gap on July 23 after the social-media platform’s profit, guidance, traffic and revenue beat estimates. SNAP has barely filled any of that gap, which indicates sellers are few and far between. The stock also held its early-July peak around $70, turning old resistance into new support. Next, SNAP jumped back above its 21-day exponential moving average (EMA) on Monday and held that line on Tuesday. Third, stochastics recently fell into an oversold condition and are now rebounding. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:SNAPLong
by TradeStation
TSLA: Filled the first gap!Hello traders and investors! Yes, TSLA hit our target at $ 714.64 with astonishing precision, and now it is just doing a sideways correction. This is expected, and a pullback to the $ 695 or to the 21 ema area is expected, and this wouldn’t ruin the bullish momentum . It only would give another buy opportunity. By defeating the $ 714, the next stop is the $ 732.61, as we can see in the daily chart: The $ 732.61 is an open gap , which has been there since April. It took a while, but it seems TSLA will finally fill it. Yesterday’s candlestick was important as we broke the 21 ema, closed above it, and the volume was very good too. Aside from the many bullish patterns seen in the last few days, this is another good indicator that the bullish momentum will persist a little bit more. 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!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: As usual, we nailed the movement! What's next?Hello traders and investors! Once again, the SPX is doing a fantastic movement, and this is not a big surprise for us at all. The index gave us many buy signs before the ATH, and we talked about all of them in my previous analyses (links below), but let’s recap: 1st) Hit the dual-support area made by the purple trendline and the red line at 4,369; 2nd) Triggered a bullish pivot point in the 1h chart when it defeated the 4,418; 3rd) Triggered the Piercing Line candlestick pattern seen in the daily chart on Friday. See the 1h chart below. The Pivot Point was the 4,418 (red line). Now the index just hit our target at the Gap in the 1h chart (4,471), and we have a new record high, as usual. Corrections like this are usually opportunities to buy, but unfortunately, I see people panicking over a clearly harmless pullback. If this were a true reversal, we would know. In the end, it was just another bear trap. Right now, we have no buy sign. The time to buy was last week, when it gave us plenty of buy signs. Now it is time to manage our positions. Since we hit our target, booking profits is something wise to do, and I have a neutral view of the index right now. Despite this, I see many stocks that are still giving us buy signs, and that look much more appealing than the SPX, or even than the NDX. You just need to know where to look. I write daily analysis on SPX and other stocks, and if you want to keep in touch with my insights, I invite you to follow me. My previous ideas are all public, and again, the links are below this post. Have a good trading week.
SP:SPX
by Nathan_The_Finance_Hydra
5
NIO: The start of a reversal?Hello traders and investors! Let’s see how NIO is doing today! We have an important bullish structure in the 1h chart, and this could make the difference for the short/mid-term. NIO is triggering the bullish pivot point at $ 37.89 , and if we close above it, we’ll see something new, something NIO hasn't done since it started its fall from the $ 46 area. We have 2 open gaps that are targets for us, and they might help NIO to reverse the trend. Now, we must keep above the 21 ema, and if this pivot point works, we might see a good reversal in the daily chart: In the daily chart, we have a bullish Harami , which doesn’t tell much, but the Harami’s high is the pivot point seen in the 1h chart, so we have at least one confirmation of a possible rally in the daily chart. I like the fact that the volume increased after we found a bottom, and any reaction here might lead NIO to the 21 ema in the daily chart again, around the $ 41 in the short-term. We lack other bullish signs that could confirm a reversal in the mid-term, but the signs we see today are a good start. Let’s follow NIO closely from now on. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
8
AMZN: What to expect next?Hello traders and investors! Let’s see how AMZN is doing today! Yes, AMZN didn’t trigger any meaningful buy sign in the last few days, since our last analysis, but today’s movement is interesting. We had a Breakaway Gap , and it seems AMZN is trying to fill the gap at $ 3,290.30 . It might even hit the previous top at $ 3,299.65. The problem is that we have no bullish structure around, and today’s movement can be seen just as a quick rally. In order to do a true reversal, it would be important to see something like a bullish pivot, or any bullish chart pattern . If AMZN does a pullback to the 21 ema, reacts and breaks the previous top, it would be phenomenal. Therefore, it is important to notice that pullbacks are just part of the game, and they are very important in order to create true bullish structures. In the daily chart, we have a good reaction too. Again, this alone is not convincing to me, as we must see more bullish signs, but if everything works out here, AMZN will fill its gap at $ 3,580.01 in the next few weeks/months. So far, we only have the beginning of a good reaction, which is a good start. Let’s follow AMZN closely in the next few days. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
SPX: Once again, did what was expected.Hello traders and investors! Let’s see how the S&P is doing this Friday. The signs are good, and the index is bullish for sure. Today it triggered the Piercing Line pattern we talked about yesterday, and it reinforces our bullish thesis. It wasn’t only a Piercing Line pattern, but a pattern that appeared just above our dual-support level made by the purple trendline and the gap area at $ 4,369 (red line). The index is looking good, and we have no pullback/reversal sign around. Let’s see the 1h chart: We triggered the pivot point at $ 4,418, and we are once again above the 21 ema. The index has an open gap at $ 4,471 and the odds are that we’ll fill this gap in the short-term. As long as we lack bullish structures in the 1h/D charts, nothing unusual will happen, and the trend will persist. If you’ve read this far, remember to follow me to keep in touch with my daily updates. Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
12
SPX: Did what we expected! Next key points.Hello traders and investors! Yes, the index hit our target at the purple trendline in the daily chart, after it lost the support levels we mentioned yesterday. My previous analysis is public, and the link to it is below. What’s interesting is that it not only hit the purple line, but the index also filled its gap at 4,369.87 (red line, yellow square), again, with an impressive precision. Naturally, today’s candlestick is bullish so far, as it won’t be easy for the index to lose this dual-support level. Aside from today’s bullish candlestick, we lack other bullish structures in other time-frames, but we have some key points to pay attention: In the 1h chart, the pivot point at 4,418.61 is the main key point for the short-term, as if the index defeats it, we’ll see the bearish momentum getting weaker, and it might even reverse. The gap would be the first target for us. However, I agree that the reaction on the SPX so far is good, or at least it is a good start for a reversal. The only thing that could ruin it is the support at 4,369.87, as if the index loses it, the bearish bias will persist for a while. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Should we be worried about it?Hello traders and investors! Let’s see how the SPX is doing today, and I’ll update the next key points we must keep an eye on from now. As we can see, the 1h chart is pretty messed up. We did a new record high two days ago, and then the index crashed, did a Breakaway Gap and it lost the support at $ 4,437. Now we are retesting the 21 ema as a resistance, and the moment is very delicate. If the 21 ema holds the price, and it loses the previous bottom, we’ll do a sharper pullback in the daily chart. However, let’s remember that the trend is very bullish, and despite the volatility, yesterday we just dropped to hit the 21 ema (with astonishing precision, btw), something we had to do, since the last retest of it one month ago. Yesterday’s movement was natural, and not an indicator of a new crash or anything like that. If you aim for the mid-term, just keep an eye on the 4,430 and the 21 ema in the daily chart, as if the SPX loses these points, the purple trendline is the new target. As long as we don't see a bearish structure around, there's nothing to be worried. For now, let’s watch how it’ll behave in the 1h chart, as we just hit the 21 ema there. If you are still here and not a follower, I invite you to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
3
TSLA: Crashing today! Next key points to watch from here.Hello traders and investors! Let’s see how TSLA is doing today! We lost the support at the gap area around $ 687, and today we lost yesterday’s low, a sign of weakness. What’s more, TSLA triggered a bearish pivot point in the 1h chart, indicating a bearish reversal sign for the short-term. This bearish momentum might last for a while, and as long as we don’t see any clear reversal sign, TSLA will just seek its next support level. However, it is interesting to notice that TSLA did two gaps, as evidenced by the yellow squares. Both gaps are Breakaway Gaps , and this movement reminds me of PLTR. Just check PLTR’s chart below: I see TSLA doing a similar movement PLTR did a few weeks ago. Since TSLA has many support levels to work with, it still has good chances of filling at least the last the last Breakaway Gap in the next few days/weeks. Nevertheless, this doesn’t mean TSLA won’t drop. As I said, we have no bullish reaction so far , and the area between $ 627 - $ 621 is the next support level for us to work with. In the daily chart, we see why the $ 627 - $ 621 is a good support level for us, as it was previous support. What’s more, TSLA failed in reacting around the 21 ema, and this ruined the bullish bias. On the bright side, we lack bearish structure in the daily chart, meaning that this is more like a crash, rather than actually a sell-off. Yes, TSLA has more room to drop in the short-term, but if it does a good reaction quickly, it might be a good opportunity. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
12