As another request, I'll analyze GTT!As requested by @Binuthi, I’ll take a look at GTT today!
I see it dropping to close the gap at 2.53, then it might do a good movement. The RSI is oversold, but it can get more.
In the 4h chart, GTT can hit the 20ma again, hen we’ll see what’s the deal. If it loses this point, the $ 2 is the next stop. But any good bullish pattern around this support zone can make GTT fly again to the 3.30, or even higher.
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Melissa.
Gap
As another request, will look at NFLX! 👍As my follower @KingArthur904 requested, here are my insights about NFLX!
Well, we have an amazing bull trend here! What’s more, there’s nothing telling me that NFLX will go down. We have not a single bearish pattern here. I see NFLX at 546.45, and I’ll explain why soon.
But is there something that could make it correct? Yes. If NFLX loses the 525.12 I see it at the gap at 518.56.
Another possible danger is in the 4h chart. We are outside the Bollinger Bands, and the RSI is clearly overbought. This indicates euphoria, and usually, what follows euphoria is pullbacks.
If the bulls are strong enough, we’ll stop at 518, but we should be prepared for a possible pullback to the 511. Especially if the Nasdaq and other faangs drop as well. I don’t see NFLX reversing and becoming bearish, though, but I expect a pullback – despite the lack of confirmation. This could give us a buy chance, in my view, but it must do something good near the support level first!
Let’s just focus on the points mentioned in the 30min, as they will be our main guide for now.
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Melissa.
TSLA: Reading the volume might be a life-saver sometimes!Hello traders and investors! As we expected, Tesla did an upwards breakout from its Triangle pattern ! Now it is just heading to our target!
There are several reasons why I though we were about to see an upwards breakout, even considering that Triangles are continuation patterns, and this means that it should’ve done a downwards breakout to the $ 538 . If you missed my previous analysis about it, the link to it is below this analysis, if you are curious.
First, let’s see the 1h chart. It did defeat the $ 635, indicating a reversal pattern in the short-term. I told you that while Tesla was trapped inside this congestion, nothing interesting would happen.
The daily chart offer us more clues. One of the things that made me more bullish than bearish was the volume . In the past 15 days, the bullish candlesticks had a higher volume than the bearish days. This is a sign of buy force, which increases the odds of an upwards breakout.
Second, Tesla was already near its support at $ 538 (green line), making the R/R ratio not attractive for the sellers at all . Also, the 21 ema was flat for too long, and although this is just a detail, it is another thing that was indicating that the bears were exhausted.
Now I see some targets. The last one that I see is the gap around $ 733, but we have the $ 714 and the $ 689, which was already hit today ! The volume is increasing, and I see no pullback/reversal signs around.
Now, the 21 ema and the $ 635 are supposed to work as supports, if we see a bearish pattern around.
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Thank you very much!
PLTR: You know how to deal with gaps, right?Hello traders and investors! Let’s update our thoughts on PLTR today!
First, it defeated the $ 25.23 area we talked about last week, but only after it retested the purple trendline one more time. Now PLTR is defeating its resistances, a nd there’re no pullback/reversal signs around.
The 21 ema is pointing up, and it is another support level that could hold PLTR in case of a pullback.
Let’s look for more clues in the daily chart:
We have a secondary resistance at $ 27.41, but since PLTR has been defeating all its resistances, I see no reason to be concerned about this black line.
I still see the gap at $ 31.34 (yellow square) as a target for us. Remember, gaps work as magnets for the price . So far, we are making about 30% on PLTR, and if it fills the gap, we’ll do more than 50%.
Another trade we did using a gap as a guide was on PINS, which filled its gap today, and we bought when it did a bullish engulfing in the weekly chart. I didn’t write a free analysis about it, though, I’m just telling this for educational purposes , to show you how to use gaps in your favor.
This tells me that PLTR can hit our target, we just need to be patient.
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Thank you very much!
NIO: The most important Key Points for us!Hello traders and investors! Let’s see how NIO is doing today!
First, it is worth noting that it is in a short-term bear trend , because we do have lower highs/lows in the 1h chart. It also defeated the purple trendline, indicating some weakness.
Now, NIO found a support around the $ 43.78 and it is bouncing back up. There’s some light in the end of this tunnel, because it looks like we have a Flag pattern. The pattern wasn’t triggered yet, but this can stop this short-term bear trend. Also, if it defeats the $ 46 again, it'll be a very good sign.
It is not the best movement ever, but it is a start. Now, the daily chart has some interesting stuff to tell us:
This short-term bear trend in the 1h chart might be just a harmless pullback in the daily chart, to its 21 ema. It is doing a good reaction today, but it still might retest the 21 ema in the next few days.
The $ 43.13 is a nice support level , as it was a previous resistance, and now the 21 ema is also quite near this price level too. This seems to be a great support level for NIO, if it corrects, and it could even give us a buy sign – if the right pattern appears.
The volume is just fine, but I would be happy if NIO does a sideways correction between the two black lines. All of this doesn’t change the main bullish bias we have in the mid-term, and the target at the $ 50.40. We already filled the gap, which some people found absolutely crazy, and maybe we’ll nail another target.
Let’s just be aware of this support level in the daily chart around $ 43.13.
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NDX: When will we see some opportunities around?Hello traders and investors! Let’s see how the NDX is doing today!
First, it filled the gap 14,160, and it defeated the green line at 14,149, triggering a pivot point . This made the stock fly again, and break new records.
The trend is clearly bullish, and we have no pullback/weakness signs around. If it corrects to the 21 ema, we shouldn’t be surprised. There’s the purple trendline that could also offer a support in case of a pullback, but it’ll probably take some time to hit it again.
In the daily chart we see a good movement, and we don’t see any bearish candlestick pattern around here as well, at least not right now. We must see how the index will close today.
Either way, we have a nice rotation back to the tech stocks, as the market realized they are not that bad at all, and I like to say to my followers: There are tech stocks, and there are good tech stocks.
If you know which ones to pick, it is possible to find some nice opportunities here in the tech field. For instance, I’m buying one stock for my personal portfolio today: A tech stock; small cap with good volume; doing a bullish pattern near a support level; amazing financial health and it is a debt-free company. Sounds great. We still can find stocks like this around, regardless of the market’s movements.
I see that a correction on the NDX could give us even more opportunities to buy solid companies at a cheaper price. Let’s be aware of the support levels mentioned and we’ll be fine. But keep in mind: We still have no bearish reversal patterns yet, so, let’s wait for confirmation , ok?
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Spy StraddleI kind've want to buy a straddle here but it's too late. Was working all day today. Although calls made some money :). I expect a gap up and then down for the day tommorow. Just a gut feeling. By the way that triangle is in afterhours.
Feedback appreciated!
Let's watch MSTR! High risk - high reward! 👀MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels.
The problem is the 20ma, but the 4h chart looks interesting:
We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal.
I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma:
If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;)
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Melissa.
BNGO - GAP FILL DONE"There are currently no clear chart signals.
On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. We have to close above 8.20 and build strength there. Then the probability of the gap fill scenario decreases."
A few weeks ago I mentioned that the probability for a gap fill is high. AND HERE WE GO!
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
PLUG: Several bullish patterns around!Hello traders and investors! Let’s see how PLUG is doing today!
First, we had a Double Bottom triggered in the 1h chart, and the key point was the $ 30.40 – remember this point. What’s more, it did defeat this key point by doing a Breakaway Gap.
Now, the technical target is the $ 34.35, but since PLUG is quite far from its 21 ema, pullbacks are expected, but not required. If it drops again to its 21 ema, it would be an opportunity to buy.
Now, the daily chart:
Remember the $ 30.40? The market seems to remember this price level quite well, and it has been working as support/resistance since December last year.
Today’s volume is very good, and this might be an Ignition Bar. Although the short-term target is the $ 34.35, the daily chart suggests it could hit the $ 37.75, or even the $ 48.35 next. The gap (yellow square) can help to attract the price to higher levels.
Let’s see if this will be an Ignition Bar or not. Either way, 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!
NIO: Watch out for this dual-support level!Hello traders and investors! Let’s see how NIO is behaving today!
First, in the 1h chart, we have a dual-support level made by the purple trendline and the previous bottom at $ 45.07 (green line).
Since NIO is in a bull trend, the odds are that it’ll keep pushing up, and do new higher highs/lows. NIO hit all our targets recently, and now we have another one exactly at $ 50.40.
Now, we must be aware of this dual-support level, because if NIO loses it, then a pullback in the daily chart will be triggered.
A pullback in the daily chart would mean that NIO will seek its 21 ema next, around the $ 43 (our first target).
This scenario will materialize only if NIO loses its dual-support level, and maybe it’ll give another chance to buy at $ 43, but we can’t count too much on this.
I still see NIO at $ 50.40, although we might have some bumps along the way. Either way, let’s be careful, and if this analysis helped you, remember to follow me to keep in touch with my daily studies!
Thank you very much!
SFIX - (up) Trend to continue after gap fillSFIX gapped down strongly on 8 March after earnings, leaving a lot of suffering bulls who had betted on the wrong side of this earning. The stock finally hit a low on 11 May and began it's recovery, cummulating to a strong gap up on 7 June, this time on earnings exceeding expectations.
However this gap up was right where the prior gap (down) got filled. Those long suffering bulls who had previously betted on the wrong side of earnings saw it as their chance to exit at breakeven or smaller losses. This pushed the stock back down until the most recent gap (up) got filled @ 57.94 (support).
Having establised a support at 57.94, it's now safe to bet on it's uptrend continuation with initial stop loss several ticks below this support. Short term traders can consider to scale out at the 100% and 161.8% extension levels.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is 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! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Finally hit our target! 🎯Yes, AAPL has been incredible! It hit our target at 131, and now in the same day it hit our second target at 132 and closed the gap.
Now, the 131 is a support for us, and it is close to the 20ma.
Since AAPL is a little overbought in the 4h chart, there’s a chance it’ll lose the 131 again and seek the 20ma. Also, we are near a resistance area, and this point attracts sellers, even without an overbought RSI.
I don’t think it is interesting to buy AAPL now, but this is the place to be careful, and start to sell your trading positions.
Long term speaking, yes, I think AAPL is bullish, and we are doing something like a Cup&Handle with a target at the all-time high.
Be careful, traders, and plan your trades wisely!
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 😉.
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Melissa.
TSLA: This is what we must know about it!Hello traders and investors! Let’s see how Tesla is doing today!
First, yes, we have an accumulation around, and Tesla is trading inside a range between the two black lines. Only a breakout from any of these lines will tell us what Tesla will do next . It seems the $ 571 is a support in the short-term, while the $ 635 is another resistance.
But the daily chart has an interesting pattern too:
We have a Triangle pattern, which is a continuation pattern, but this is not a rule. We see that the volume is higher during the bullish days, and lower during the bearish ones.
Yesterday, Tesla hit its support and now it is about to react. If it does an upwards breakout it’ll probably reverse the trend for good, and defeat the $ 635.42 and seek the $ 715 again. Remember that we have a gap at $ 733, and so far, TSLA filled every single one of its gaps that appeared above the price.
But if Tesla does a downwards breakout I see it at $ 538 again. For now, I’m not working with the possibility of it losing this floor.
TSLA is in a quite decisive moment! Remember to follow me to keep in touch with my updates, and support this idea if it helped you!
Thank you very much!
No Man's Land For NowGOED hanging out in no man's land. I like the climb it's had so far but big question mark as to whether or not it can break through the upper limit on this gap. Open to some thoughts but found this to be interesting:
"During the pandemic, home improvement has increased dramatically with more people having the time to spend on it. This helped 1847 Goedeker perform well since the beginning of Covid. The company also sells fitness equipment, which again, was and is a major market due to the pandemic. June 16th, Goedeker announced its Q2 2021 results which could be the reason behind its over 5% gain today. The company’s revenue broke a record, moving up 41.9% year over year."
Quote Source: 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks
SPX: Yes, we have opportunities around!Hello traders and investors! Let’s see how the SPX is doing today!
To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical.
First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers Bottom pattern , indicating a possible bottom formation.
The 21 ema is the next resistance it must defeat, and we’ll see if it’ll do it or not in the next few days.
In the daily chart, we have what seems to be a top, but it is not confirmed yet. So far, all we can assume is that the index just did a pullback to the 21 ema, filled a gap in the 1h chart, and now it is just about to resume the bull trend.
The scenario is complex, but I still see a few opportunities around. I already told you guys about some stocks we’ve been trading in the past few months, and I can assure you, every single one of the Brazilian stocks traded in the US that we bought recently is making a huge gain!
I recommended 9 Brazilian stocks to my followers, and 5 of them are giving more than 40% returns so far, and I’ll reveal which ones: PBR, CIG, ABEV, BRFS and ITUB. The worst gave us about 13% gains.
The green circles are the moment when I gave the buy recommendations. When the market looks complex and undefined, we can always find opportunities elsewhere. Now, the BR ADRS look expensive, so the search continues! Yes, we do have some incredible opportunities in the US market, but you must know where to look.
Be careful, and let’s continue the search for more opportunities!
Remember to follow me to keep in touch with my free analyses!
Thank you very much!
shanghai composite index to fill the gap soon!Hello everyone. Shanghai composite index has been weak for the past few days. Actually, we recommended clients to take profit last week based on momentum and formation structure.
Now, the nearest support zone would be 3503-3496. After the gap being filled, the index might get some momentum to go up.
What do you think? give me a like you're with me.
ZM Daily Bullish PatternNASDAQ:ZM took out a trend line and has formed a small pennant right above the gap line and the 200 EMA. This is all after a long rounded base from March - June.
Another target hit, but we have a caution sign here! ⚠️Ok, MSFT finally closed the gap, as we expected it would, but now it has some problems, and we must be aware of them. First, we have a divergence on the RSI, indicating some exhaustion. Second, it lost the 257, and although it did a brief recover to the 20ma, it couldn’t keep above the black line.
In our last analysis, I was saying that the gap were at a 261, but in the daily chart it was already closed, and now MFST is indicating more exhaustion.
It can’t break the 260, and it is doing a correction now. I think that now it is time to start selling instead of buying. By hitting the 253 again, I think it’ll give another chance to buy, but I’ll change my bullish bias to a neutral bias.
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Melissa.
UPST Moving up!UPST chart signals a reversal in price with increased volume. When the fed announces that interests rates will stay the same come up a little today at 2:30 pm, this lending company will come up hard. However if Fed raises interest rates by to much this will not happen, in fact the whole market will tank and the housing market will crash.... I don't see that happening just yet until the job numbers are better. I'm opening a short term call option on this ticker.
We will fill that gap!!!!
Upside down Bart Head forming!!
EVFM - Trend reversal (up)!EVFM was in a significant downtrend that saw it plunge from a high of 5.50 on 17 Feb to a final capitulation low of 0.74 on 18 May.
Since then it had consolidated between 0.75 to 0.92 for several weeks until 7 June when we see a GAP UP from 0.87 to 0.99 on significant volume .
This 1st gap in the opposite direction to the prior downtrend is likely the start of a new (up) trend, ie, a "breakaway gap".
I went Long @ 1.00 with initial stop @ 0.85. There are prior resistences on the way up and it we have to manage this trade accordingly. Profit targets are suggested where we are likely to hit into some resistences.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is 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! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
SHAK -on firmer ground to recoveryAfter hitting a low of 78 in a few weeks ago, SHAK finally gapped up on strong volume on 25 May, suggesting that the downward pressure might be over. Over the last 2 weeks it began to form a bull flag cummulating to a strong break out of this bull flag yesterday. These adds credibility that the trend has now reversed to the upside.
I am expecting a near term target of at least 104-105 (gap fill and a previous support turned resistence). Should it be able to clear this level, then 115 becomes a possibility. Trail your stops upwards accordingly.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is 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! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
