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TSLA: Key points for the short/mid-term.Hello traders and investors! Let’s see how TSLA is doing today! In the 1h chart, it looks like we have a Triangle chart pattern, as evidenced by the purple lines. This is a continuation pattern (this is not a rule, though), and since the trend is bullish, an upward breakout would be natural. But, what if we break downwards? Then we will lose the 21 ema and seek the $ 700 , which seems to be a relevant support level for us to work with. Keep in mind that it is natural that Tesla is struggling in the past few days, as we just hit a resistance in the daily chart: It is interesting to notice that the Triangle seen in the 1h chart (the last 3 candlesticks, in the daily chart), has decreasing volume . There’s no real sell-off here, just a lack of momentum. If we lose the $ 700, we have a good support at $ 689, which is also quite close to the gap seen in the 1h chart, around $ 687. Therefore, this area is a good support candidate , if the Triangle and the support at $ 700 fail. Remember: We have an open gap at $ 732.20, and we almost filled it this week. Gaps work as magnets. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
PLTR: Complete Multiple Time Frame Analysis (H, D and W charts)!Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study on it - a Multiple Time Frame Analysis ( MTFA). Since our last analysis, PLTR is doing well, as it is still accumulating , and we have some bullish signs around too, despite the apparent congestion. The 21 ema is flat, and it is useless for un, in the 1h chart, at least. But we have a support made by the purple trendline (3 touches), and a resistance made by the black line at $ 22.67 (2 touches). This is an Ascending Triangle chart pattern , and reinforces our previous idea that the $ 22.67 is the main key point here. By defeating the $ 22.67, PLTR will engage in a bull trend again, and the targets are quite clear (short-term): 1) Minor resistance at $ 23.39; 2) First gap at $ 24.62; 3) Last gap at $ 26.32. In the daily chart, we see that the $ 22.67 is a main resistance, along with the 21 ema. This is a dual-resistance zone , and if defeated, in the mid-term, the next resistance is the $ 27.47. PLTR has good chances of getting there, as this point is close to the last target seen in the 1h chart, the gap at $ 26.32. Remember: Gaps work as magnets. Now, if PLTR defeats the $ 27.47 it’ll trigger a bullish pivot point , and this might lead us to the ATH again. However, this is a long-term view, and I rather work with the short/mid-term targets for now. If it’ll defeat the $ 27.47, we don’t know (we even don’t know if we’ll get there, in the first place). The good news is that we don’t need to know, as the charts will tell us how to proceed, when the time comes. And if you liked this analysis, remember to follow me to keep in touch with my daily updates. Thank you very much!
P
by Nathan_The_Finance_Hydra
1
PINS: Post-earnings analysis. Time to panic or opportunity?Hello traders and investors! Pinterest dropped sharply after earnings report, so, let’s talk about it. Is it time to panic-sell? Is it a bear market? Will PINS fail? Let’s see. This is the second time PINS does that to us, as in the previous earnings it also crashed. We lost many important support levels, including the $ 60.80. For now, all we can assume is that it’ll seek the next support level at $ 53.77. We have no bottom pattern around, and it is too soon to say that PINS will recover. Honestly, I think it will recover,a nd I see this as an opportunity, but it might take some time to fly again, and since we lack bullish pattern s, there’s nothing for us here. All we can do is wait for more confirmation. In the weekly chart, it feels like PINS is just in a huge congestion, since Oct 2020. This movement reminds me of AMZN’s big congestion (AMZN moved sideways for 1 year), as you can see here: Maybe PINS will just move sideways for the next months, and now that it is getting closer to the support level, it might be a good opportunity to buy it. Again, let’s wait for more signs. But, Nathan, what kind of signs are you expecting? We need a bullish structure, like a bullish pivot, a double bottom, an IH&S … Any bullish structure could work here on PINS. As long as we don’t see any, no buy sign yet. No, PINS will not fail, and this is not a bear market. This is a crash, it is different. In fact, PINS might be a great opportunity for us, but let’s calmly wait a little bit more. Did you like this post? Remember to follow me to keep in touch with my daily studies, and support this idea if it helped you! Thank you very much. Have a good weekend.
NYSE:PINS
by Nathan_The_Finance_Hydra
4
SPX: Time to crash? Watch these key points next week!Hello traders and investors! Let’s talk about the SPX today! The index is showing weakness signs, but this doesn’t mean it’ll reverse right now. Either way, we have some important key points to keep in mind. First, in the 1h chart, we see that the trend is not as bullish as it was a few days ago, and it is more like a congestion. It seems we are heading to the 4,369 to fill the gap, but the bearish movement is as pathetic as the bulls, and it is moving very slowly. In the daily chart, we are at the black line at 4,393, and if we close under it, then I’ll be more convinced of a pullback, probably to the 21 ema, which is quite close to the gap seen in the 1h chart. Therefore, I find this as a key support level for index in the future, if it actually drops, of course. I think a pullback will be good for the index, as it is showing many signs of exhaustion, but again, this is not a reversal sign, and we don’t have a bear market yet. A bear market must have lower highs/lows, and so far, we only have higher highs/lows, meaning that we are in a bull trend, and there’s no confirmation that it’ll reverse at all. However, it is important to keep an eye on the 4,393 and on the dual-support level made by the 21 ema in the daily chart, and the gap area in the 1h chart. Next week we’ll see if it’ll hit there or not. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
2
NIO: Keep an eye on these Fibonacci Retracements!Hello traders and investors! Let’s see how NIO is doing today! First, it crashed two days ago, but the movement was completely denied . NIO triggered a pivot point at $ 41.87 , and it is trading above the 21 ema again. Pullbacks to these points are expected. Now, it seems we are heading to the $ 44.87 , but we have an open gap up there, that could make NIO go even higher. This week NIO just dropped to retest the 61.8% retracement , and now it is bouncing back up to the 50%. The situation is not the best for NIO, as we still have many challenges ahead. We have the 21 ema, which is another resistance to be defeated, and the 38.2% retracement might be another resistance as well. Since we have an open gap , I see NIO retesting the 38.2% retracement next. Then we’ll have to wait for more information. We have a bearish momentum in the daily chart, and no good reversal sign around, aside from the 1h chart (which is a good start, but not enough). Let’s see how NIO will behave in the next few days. 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! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
11
SPX: We are crashing! Time to panic?Hello traders and investors! Let’s see how the SPX is doing today! Yes, we have a systemic crash in the US, but we’ve seen worse. This crash seems to be related to US tech stocks and China only, as European markets are still quite resilient, especially FTSE (UK) and DAX (GER), which are leaving huge shadows under today’s candlesticks. As we discussed in my recent video, the SPX has no reversal signs , and even now, we lack bearish structure. We must see lower highs/lows in the 1h chart before assuming we’ll correct more. We have a support at the gap (black line, 4,369), and the index is seeking this point, for now. Remember: A crash is just a pullback, and it doesn't mean we are in a bear trend. However, I agree that the daily chart looks bearish already. The market might understand today’s movement as a false breakout from the previous top level, and we are heading to the next support at the 21 ema. If the crash is strong enough, we can retest the support around the 4,289 again. I find it hard to believe we would retest the purple trendline in the daily chart without a stronger bearish structure in the 1h chart. We can hit there, but we must see a clear reversal in smaller time-frames. Only time will tell if this is just a crash or the beginning of a bearish reversal. If it is a crash, then fine, it’ll be just an opportunity to buy, like it has been since April 2020. If it is the beginning of a reversal, then we must wait for more patterns to confirm our theory. 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! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
SNAP: How to proceed in this post-earnings?Hello traders and investors! Thanks to the earnings report , SNAP is flying today. But how to proceed when this happens? Is it time to buy, to sell, to go short, or just do nothing? The charts will give us an answer. If you are in SNAP, I always advise to book at least half of your profits in a day like today, just in case, and then set a technical stop-gain . On SNAP, the technical stop-gain is below the $ 73.59, as this point was the previous All-Time High, and it is supposed to work as a support in the future. In the next week I would just set a trailing stop-gain under the previous day’s low. If SNAP keeps going up, that’s great. If it drops, then ok, time to exit. Is there any chance that it’ll fill this gap? Yes, but I find this unlikely, at least for now. This is a Breakaway Gap enhanced by the earnings report, and SNAP did a breakout from the ATH by doing this gap (I like to call this Monster Gap ). The last time this happened on SNAP the momentum was so strong that it prevented even a pullback. Let’s remind SNAP on October 2020: What could happen on SNAP right now, if it can’t keep pushing up, is a sideways correction , until the 21 ema catches up with the price again in a few weeks, to offer us a new support level on SNAP. If I were out and wanted to buy SNAP, I wouldn’t count on a pullback, but I would wait for it to cool down a little bit more, and for the Risk/Reward ratio to make sense again. If I buy right now, it would feel like I would be buying from someone who bought at the last dip, and will use me to book profits. Eventually, the 21 ema will get closer to the price, and we’ll see a good opportunity then. For now, as someone who’s out, I’ll just stay out. There are many more interesting stocks around. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Have a good weekend!
NYSE:SNAP
by Nathan_The_Finance_Hydra
23
SPX: Volatile? Yes. Scary? No.Hello traders and investors! The SPX did exactly as we planned in our last analysis, and now we are just bouncing back up again. The link to my previous public analysis is below this post, as usual. We are in a strong bullish momentum, but hardly it’ll keep going up without a pullback , and the 21 ema is there to support the price, along with the 4,322. The index did fill its previous gap at 4,322 as we expected, since we lost the red line at 4,366 , and we did a sharper pullback seen in the daily chart as well. Yes, the SPX hit our mid-term target at the black line around 4,289, and it did what seems to be a false breakdown , which happens when the price closes under the previous support, but the next day it quickly recovers, and closes above the support line again. This situation is very frustrating for the bears, as it shows a lot of weakness on their part. The index couldn’t even retest its purple trendline yet (last time we touched it was in March). As usual, all we can assume is that the index will continue its bullish momentum. However, if the index loses the 4,289 again then I’ll be more convinced of a sharper pullback to its trendline, or to the previous support at 4,167. But this is a big “if”. For now, let’s not assume things, and just react to the facts. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
1
PLTR: A very Technical Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something we haven't seen since the beginning of this bear trend, which started when PLTR triggered the Head and Shoulders chart pattern this month. This might be the start of something new. If it reverses, we might use the Breakaway Gaps to guide us next. Remember: Gaps work as magnets. They are breakaway gaps because they are losing their support levels (purple lines). Keep in mind that we have 4 types of gaps: Breakaway, runaway, common and exhaustion. There’s the idea of a Rounded Bottom pattern, as evidenced by the red line, and I find this pattern particularly hard to trade. It seems we can never tell if it is a true Round Bottom or not until we are already close to the target, which is the $ 23.39 , in this case. It is not perfect, but it has a Piercing Line pattern in the daily chart, as evidenced by the yellow square. A Piercing Line occurs when the price opens in a gap, below the previous day’s low, closes near its high, and covers at least halfway of the previous bearish candlestick’s body. What’s more, this pattern appeared just above the 61.8% Fibonacci’s Retracement. All of this creates an interesting and technical bullish thesis for PLTR for the next few days. What makes the situation more risky: The low volume in the daily chart, and the lack of bullish structure in the 1h chart (higher highs/lows). This makes me wonder if it’s too soon for PLTR, but the Risk/Reward ratio is good at this level. Either way, always use a good risk-management that suits your needs. Remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Thank you very much!
P
by Nathan_The_Finance_Hydra
6
SPY: PULLBACK? CORRECTION? CRASH?Greetings everyone, (Key Takeaways) - (MONTHLY TIMEFRAME) This $SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market. Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths. Easy to say we are a bit over-extended? The smallest white trendline (2017-NOW) is showing signs of weakness. Possible downward move towards $416.00 in the next couple of weeks. The longer white trendline shows a possible 100 point loss down to $340.00. Keep in mind we are entering earnings season so the risk is very high. (My sentiment) Bearish - Short term Bullish - Long term
AMEX:SPYShort
by D2GR1NCH
SPX: Time to panic-sell?Hello traders and investors! Let’s see how the index is doing today! Will it crash this time? We’ll see. Yes, we are finally doing a lower high/low in the 1h chart, which was the main condition for us to see a pullback in the mid-term. However, the movement is quite slow, and there’s still time for a bullish reaction around, so, we need to be careful here. But if it confirms a bearish top under the 4,366 then the odds are that we will fill the gap at 4,322. This is a bearish reversal in the short-term, which can cause a pullback in the mid-term: The daily chart is not bearish at all and still have a series of higher highs/lows, and pullbacks to the 21 ema are always opportunities to buy. The 21 ema is at 4,313, very close to the gap in the 1h chart, and between the gap and the previous support in the daily chart, at 4,289. All of these points are key points for us to work with, and together, they are a good support area for the index. It would be good if we seek this price level again, as in a bull trend, pullbacks are healthy, and we’ll see plenty of opportunities again. For now, let’s wait a little bit more. If you liked this idea, remember to follow me to keep in touch with my daily studies! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
PLTR: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study in multiple time frames (H, D and W). First, in the 1h chart, the momentum is clearly bearish, and it is quite strong. We have two Breakaway Gaps, lower highs/lows, the 21 ema is pointing down and at any moment, we could close above it, since the beginning of the sell-off. We just hit the 21 ema to fall again. Yesterday we lost the short-term support at $ 22.35, and it seems we have nothing to hold us. We have to zoom out a little bit to see the bigger picture: When I’m lost, I like to use Fibonacci. Notice how PLTR is respecting the retracements, as it found a quick support at the 50%, bounced back up to the 38.2% and now it is dropping again. This tells me that there’s a good chance we’ll find a support at the 61.8% retracement now. Therefore, the daily chart suggests that we could drop more 2 or 3% and that’s fine. I don’t see PLTR crashing or any extreme scenario here, and I consider this a correction. If you look at the weekly chart, you’ll see that the last 3 candlesticks have very low volume. This tells us that PLTR is dropping due to the lack of momentum, instead of a real sell-off. Since PLTR went up more than 60% since May’s bottom to our target at $ 27, it is normal that it’ll correct, and the Fibonacci’s Retracements are here to guide us in the mid-term. If you liked this analysis, remember to support it, and follow me to keep in touch with my daily studies! Thank you very much!
P
by Nathan_The_Finance_Hydra
39
We only have bears... For now. 🐻Yes, AMC has been dropping without a rest, and it break the support we were looking in our last study. But is there any hope for it now? The truth is, it is a bear trend, and the only thing that will make change my mind is the 37.39. If AMC breaks this point, then fine, I’ll assume it will bounce back to the 50. One thing that is nice to notice is the divergence on the RSI, but we could drop more, imo. I think we’ll close the gap at 32.61 down there, and we are quite close to it now! The RSI is pretty oversold, and maybe AMC will do something good next, we just have to wait for the next signals. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:AMC
by UnknownUnicorn21312077
5
SPCE: Is it worth to trade it right now?Hello traders and investors! Let’s take a look at SPCE today! Yes, SPCE is dropping sharply, we have no reversal sign around, and there’s nothing telling us it’ll stop dropping. However, we have some key points to keep in mind. Since we lost the 21 ema and the gap area (yellow square), which was indeed an Exhaustion Gap , I think we can work with Fibonacci here. Another support lost is the 38.2% retracement, and in these circumstances, the 50% retracement usually works. This retracement level is around $ 35.80, which is starting to get close to the 21 ema in the weekly chart: It looks like we had a huge V-Shape recovery here, and now we are just doing a pullback. In the mid-term, the odds are that one of the retracements will hold the price, but the 50% retracement would be a perfect support. If SPCE hits there, then it might be worth to trade it. If SPCE will lose it afterwards, or if it’ll give us a reversal sign and fly again to the $ 60 we don’t know yet. SPCE could be an interesting stock to trade, but right now, my students and I are aiming for more interesting stocks. Just focus on the points mentioned in this analysis and you’ll be just fine. If you liked this analysis, remember to follow me to keep in touch with my daily free studies, and support this idea if it helped you! Thank you very much!
NYSE:SPCE
by Nathan_The_Finance_Hydra
10
TSLA: You must keep an eye on these charts!Hello traders and investors! Let’s take a look at Tesla today! Despite the drop, TSLA just did a pullback to its 21 ema in the hourly chart, no big deal. The problem would be if it loses this 21 ema, as the next support level will be the gap area, around the $ 658 , which is also the red line at previous top . Tesla must react quickly in order to avoid this scenario and resume the bull trend. But the idea of a pullback is interesting if you look at the daily chart: So far, Tesla is doing a Dark Cloud Cover pattern just under the resistance at the black line ($ 689.33). Not by coincidence, the gap seen in the hourly chart, which is near the red line at $ 658, is also very close to the 21 ema in the daily chart . What’s more, if we draw a Fibonacci Retracement from the Jul 8’s low to today’s top, the 50% retracement is quite close to this price level too: The area around $ 658 has everything to be relevant in the short/mid-term , and it will be the best place to Tesla react and do a bullish reversal pattern. It doesn’t matter which side you are (long or short), this is a relevant key point for you to keep an eye on. We’ll see how Tesla will react if it hits there. Meanwhile, remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Have a good day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9