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!
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Gap
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!
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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.
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! :)
AEI target reachedHello investors and friends,
last time I predicted 5.50$ for AEI and we reached our target, like I predicted it.
Now I expect an pullback and the bullrun shall be continue.
What is the next target ?
Well, I think the next target could probably be 8$ but harder to reach. Overall I think over the long term we could fill the gap sooner or later.
When will it hit our target? ☝️Ok guys, MSFT is moving according to the plan. After our last analysis, it did a small pullback again to the 249s, and it quickly went up again.
Now it just keep going, as the trend is bullish, as I also told you guys last week.
Now, MSFT is almost at our target! Only a few more dollars to go, and it’ll close the gap at 261, but maybe this won’t happen this week. I’ll keep you guys updated.
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Melissa.
A trading idea on DASH! 🧐Ok guys, let’s talk about DASH today. I find this stock interesting, and it can give us a good trade.
The stock is starting a bull trend in the 30min, but it is pretty far from the 20ma. If it corrects, it’ll give us another chance to buy. But I do like the 4h chart:
DASH hit the support at 135 and it is now going to the 155. If it breaks the 135 again, then we should take a step back, but the chart looks good for now.
The problem is the gap at 115, but aside from that, I think the R/R ratio is worth. If DASH breaks the 145.20 tomorrow, it’ll be great.
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Melissa.
Another requested analysis! Let's study AHT! 👍Ok, as @miccross86 requested, here it is my view about AHT!
We have multiple signs around. The 6.65 is the previous bottom, and if AHT breaks this price again tomorrow, it could drop to the next support areas, like the 6.34 (gap), or the 6.13.
Yes, AHT just hit the 20ma and it could go up from here, so, let’s wait more confirmation, ok? Watch the 6.65!
In the 4h chart, we traded outside the BB, but we closed inside it again, indicating some weakness. AHT did break the 6.65, but couldn’t close under it, and this is important! This price is an interesting point to keep our eyes on tomorrow.
The RSI has a divergence, and if AHT loses the 6.65 for good, the 6.13 is the first target, and the 20m is the second one.
Yes, the indicators are showing some weakness, and we are far from the 20ma, but the price didn’t confirm anything yet, ok? Again, focus on the 6.65 This stock can keep going up, breaking the short sellers on its way, so, be careful! And if you see a correction, no need to stress, as this is a bull trend!
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Melissa.
Let's keep an eye on ABT! 👁ABT looks interesting, and it is worth to keep an eye on it! We have a pivot point at 109.52, and this might push ABT to higher levels. It must not break the 107.61, because we have a huge head and shoulders pattern here!
In the 4h ABT just hit one of the fibs retracements, and now it is ready to trigger the pivot point at 110.86.
If it breaks the first pivot in the 30min, I think ABT might close the gap at 116.51, but we’ll see.
We also have a support at 105.37, and we are doing some good movements from here. It seems a fine idea: Tight stop-loss and good upside potential.
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Melissa.
Did a pullback today, but what's next? 👀Tesla is doing well. Today it almost hit the 593 as we said yesterday, no big surprises, and it is recovering nicely. We are near our target at 635, btw. Now, even if Tesla drops, it is impossible for us to lose any money here, as I moved my stop to my cost basis.
The BB are getting tighter in the 4h chart, and I have a feeling that if it breaks the 635, our first target, it might fill the gap at 733, but it is too soon to say this, especially with the nasdaq doing weird movements, and with a possible correction ahead. Either way, I1ll keep you guys updated!
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Melissa.
PLTR: What's the target for us here?Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we have a slow movement, but definitely bullish , as we have higher highs/low , the 21 ema is pointing up, and we can draw a trendline that is working as a support for us.
We can also draw another trendline connecting some of its tops, creating a channel. If PLTR defeats the black line at $ 24.84, it seems the $ 26.20 is the next target, a dual-resistance level , as it meets the upper trendline and the next top.
Now, let’s see the daily chart for a better perspective:
I’m not sure if we can call this a V-shape recovery, as the second leg was too different from the first one. Regardless of the pattern, the $ 24.26 was the first resistance on PLTR.
If it drops again, it might retest the 21 ema, or even the black line at $ 21.20 and the trend will remain bullish. In fact, if it drops to the $ 21.20 again, and if it does a good pattern around there, we might see an IH&S in the daily chart, one of the most powerful reversal patterns in technical analysis.
We shouldn’t be worried here, as PLTR is a great company. Personally, I bought PLTR in the last pullback we had, and I bought it around the $ 20s (and my group bought it as well). If it drops, let’s not panic, as pullbacks are just opportunities to buy.
The gap at $ 31.54 is a good target to aim , in the mid-term. If you liked this analysis, remember to follow me to keep in touch with my free analysis, and support this idea if it helped you!
Thank you very much!
I have good and bad news! 🤔Ok, MSFT looks interesting right now!
We have a double top (not triggered yet), and an advanced breakdown (RSI). This makes the 249.27 the next target for MTSF in the 30min chart, but the 4h chart looks good.
Yesterdy MSFT did close the gap at 243, and it did a hammer. Now we are flying, and it looks like any pullback in the 30min will be an opportunity to buy.
We have a gap at 261, which might be filled in the next days. To sum up, I’m bullish, but if it hits the 249 again I think we’ll have just another chance to buy.
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Melissa.
Let's wait for our next chance! 🤑If NIO closes under the 40.90 tomorrow, there’s a chance it’ll fill the gap at 38.64. Then I believe I’ll be a good moment to buy.
It is no secret that I already booked my profits on NIO, and now I’m an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility I’m working with is a sideways movement for the next days. This might work too, but I prefer a pullback. I’m not working with a scenario that NIO will fly from here, and if it does, I’ll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. I’ll keep monitoring it, and I’ll update you guys if I see anything.
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Melissa.
A trading idea on PLUG!If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops).
Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us.
The problem is the RSI in the 4h chart, that is still a little overbought (not much, but enough to make me wonder if it can keep going up).
If PLUG loses the bottom of the triangle, then the bullish idea will be ruined, at least temporarily. But it can fil the gap at 32.13 if it triggers the pattern in the 30min chart.
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Melissa.
Worried about a pullback? Don't be! 👍Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one.
For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The RSI is still above the 50, indicating that NIO is still strong, and the trend is still bullish.
Given that NIO is pretty close to the top at 43.21, and the RSI is very overbought, and that we had a bearish candlestick today, I’ll just wait for the next trade to appear in front of us.
If NIO fills the gap at 38.89 it’ll be perfect, but let’s see. We are also pretty far from the 20ma, and at one point, we’ll get closer to it. Let’s see how NIO will move this week, but I think we’ll trade it only next week – this is not a promise though.
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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PLTR: Near a resistance! How to proceed?Hello traders and investors! Let’s talk about PLTR today!
First, as we discussed in our last analysis, PLTR did a nice reversal, and we have a crystal-clear bull trend , made by higher highs/lows. The purple trendline is working very well as a support level, along with the 21 ema. Pullbacks to these points should be seen as opportunities to buy .
The link to our last analysis is below this post, as usual.
But, there’s a catch. The green line at $ 24.26 is a resistance level , made by the previous top (Apr 26 – 27). This might indicate a possible pullback ahead, but so far, we have no bearish reaction.
In the daily chart the situation looks bullish, but it feels like we just had a V-Shape recovery with a target at the $ 24.26. Again, this might indicate a pullback, but nothing that could frustrate the bullish momentum. The volume is increasing again, and we are above the 21 ema in the daily chart as well.
We still have some resistances to defeat, like the $ 24.26, the $ 26 and the $ 27.41, but once we defeat them, we’ll finally hit our target at the gap ($ 31.34).
Let’s follow PLTR closely, and if you liked this analysis, remember to follow me to keep in touch with my studies, and support this idea if it helped you!
Thank you very much!
NIO: The V-shape is almost complete. What's next for NIO?Hello traders and investors! Let’s see how NIO is doing today!
First, NIO filled all the gaps we talked about last week, and it hit our target in the 1h chart , and it is trading above it right now. This movement was expected, but now NIO is close to our target in the daily chart, so, we must be careful. The link to our previous study is below this post.
The volume is good, and we have another gap today . The question is, what kind of gap is this? If it is a common gap, it’ll be filled this week, and NIO will resume the trend. If it is an exhaustion gap, it’ll be quickly filled and it’ll do a bearish reaction in the 1h chart, leading to a pullback in the daily chart.
Speaking of daily chart:
NIO is very close to our target today, the $ 43.13. This is the target for this V-Shape recovery , and again, the volume looks good.
Now, NIO is going up a lot (almost 10% today), and since we are near a resistance, this could be an exhaustion bar. This possibility is not confirmed, and I’m not sure if it will be, but if NIO drops, the 21 ema will be there to hold the price. If NIO does a good reaction around this support, it could be an opportunity to buy.
This week will be decisive for NIO! If you want to keep in touch with my daily updates, remember to follow me , and support this idea if it helped you !
Thank you very much!