Gap
Gap before EarningsNYSE:GPS fired off a bullish signal this morning at a support level that fit my rules for a long trade entry. I'll be watching this closely through the week as the stock has Earnings on 5/27 which can be a maker or breaker of a great trade.
Maybe, our next trade is near!Ok traders, nothing changed too much since our last analysis, but we do have something new.
In the 30min we have an advanced breakdown on Nasdaq100, but the price didn't confirm anything yet. The points are the same: the 13614 and 13734. We must see the index breaking one of these two points. Now, if it confirms the advanced breakdown, by breaking the 13614, the index could fill the gap around 13400. The bands are quite tight, so, it could easily explode and do a very fast movement.
I would see this as a buy chance, and I would buy back the stocks we already booked our profits (they are all tech stocks, related to Nasdaq).
The 4h chart we see that the index just hit our target, and it lost momentum. Maybe we'll have a short opportunity to the 13400, and buy it back there, but we'll see! I'll keep you guys updated!
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Melissa.
SPX: Two possible scenarios to work with!Hello traders and investors! Let’s see how the SPX is doing today!
The 1h chart has a strong support level around the two black lines and the 21 ema, but it has a purple trendline as a resistance for the price. Therefore, we can say that the index is being squeezed inside a trap zone , and it could break to any direction.
If it breaks downwards, it might seek the 4,151 again, and the gap would help the fall. But it it defeats the purple trendline, then the ATH is the technical target for us.
In the daily chart, we have some good movements here, but the volume must increase again to confirm the bullish thesis. We are close to the ATH, and if it does the right patterns, it can retest it or even defeat and do a new record.
For now, let’s see if the support levels are going to work in the 1h chart, and if it’ll defeat the trendline. If you liked this idea, remember to support it , and follow me to keep in touch with my daily updates!
Thank you very much.
PLTR: Trying to reverse the trend!Hello traders and investors! Let’s see how PLTR is doing today!
We have a solid bull trend in the 1h chart, as we have higher highs/lows , and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our bullish thesis, since our last analysis, last week (link to it below).
Pullbacks to its support levels, like the trendline, 21 ema, or any of the black lines would be just opportunities to buy . This bull trend is spreading to the daily chart as well:
There are two good things here. First, it defeated the $ 21.60, which was a pivot point . Second, it is trading above the 21 ema again. Yes, PLTR had similar patterns in the past, and it failed, so, why would this time be different?
Because PLTR did a false breakout from the $ 20.18, and the volume increased a lot over there. This means that there are people aggressively buying PLTR near support levels, and the more it drops the better. It is almost reversing the trend for good in the daily chart, it seems we just need more conviction.
Now, the volume is normal, which is fine, but it feels that it needs to increase a little bit more. Either way, we do have some bullish signs around, and several resistances that could work as targets for us. Also, we have an open gap around $ 31.34, which might work as a magnet in the next few weeks.
Let’s follow PLTR closely, and if you liked this analysis, remember to support it ! And follow me to keep in touch with my daily updates.
Thank you very much.
GME - Retrace to fill the gap - then a push to the next fibGME is solidly hitting its fibonacci bands. However, be cautious about gap-ups. While they are bullish signs, GME has retraced every gap-up. Some of the more substantial gap-ups have seen days with -50% only recover within the trading day. Enjoy the volatility and be careful.
TSLA: One of our scenarios is materializing!Hello traders and investors! Let’s see how Tesla is doing today! It seems we are working with the second scenario we discussed about last week.
First, in the 1h chart, Tesla is engaged in a bull trend, as it is doing higher highs/lows , it is above the 21 ema, and it seems it founds a support there every time it drops.
Tesla has some gaps (yellow squares) that are going to help to push the price up, but the first target for TSLA is the $ 626.70. Besides the 21 ema, the $ 596 is another support, which is working very well for Tesla, as it was previously a resistance, and now it is support, according to the Principle of Polarity .
Now it is heading to a dual resistance level , made by the $ 626.70, which is quite close to the 21 ema in the daily chart as well.
If Tesla is serious about reversing the mid-term trend, we must see a bullish structure around. I find it amazing that the volume is very low during the bearish days, and much higher during the bullish ones.
This indicates that there is no real sell pressure around here , and Tesla is getting stronger as the time passes. We just need to see a bullish structure around.
I’ll keep monitoring Tesla, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped!
Thank you very much.
NIO: Something nice is going on here!Hello traders and investors! Let’s see how NIO is doing today! We have some interesting movements around, and we’ll talk about them.
First, in the 1h chart, it triggered the pivot point we’ve been talking about, at $ 34.77, and now it is just heading to the next resistance, at $ 38.02.
It is interesting to notice that we have some gaps (yellow squares) above the price. Remember: Gaps work as magnets . They can help the price to keep pushing up.
Now, the daily chart:
NIO is defeating the 21 ema again, and the candlestick looks powerful. This could indicate a V-shape recovery to the $ 43.13 again.
The only thing that it is missing here is the volume , which is still low. This doesn’t mean that NIO will drop again, but it is something to be aware of.
Either way, NIO is finally doing some good signs in the short/mid-term, and we must keep monitoring it closely from now on. If you liked 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!
Gaps US 100Decided to post something else today.
There is liquidity sat above, but today I am looking at the gaps that have been left these last few trading days.
I like it when the gap gets filled quite early on, yes it is frustrating if you get suckered into a move only to see it reverse but if you get a gap and go, there is always the worry that the trend never really comes.
We have a POC and gap fill just above, so looking for that to happen today.
Ideally we come back down and fill those gaps below but I would be just as happy seeing new All-Time highs, so will trade what I see.
BTCUSD Bitcoin - there is a CME gap at 48kThere is is. IF this pulls us back up it could then lead to consolidation above the 200 daily MA.
Let's see what happens....
These are the points worth watching next week!Ok, AAPL did a pullback, as we expected, now what we should focus in how much there's left to drop. I'm focusing in this gap at 124.78, but looks like the stock is trying to form a bottom already.
The problem is that we have no reversal, neither buy sign around, but the 126.08 is quite interesting, as it was resistance twice today. This the point we must see AAPL breaking.
In the 4h chart, the resistance at 127.90 worked as we thought, but we still have the advanced breakout, indicating that there's still hope that AAPL will break this resistance.
Again, the 126.08 is the key in the 30min chart, while if it breaks the 127.90 in the 4h chart, it'll trigger another buy sign, and the target is the 131.
I'll surely monitor all these points closely next week!
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.
Several patterns and points to watch next week!Nio is doing some bearish patterns around, and it must do a very good movement on Monday if it wants to go up next week. We have a head and shoulders, that wasn't triggered yet, so there's still hope for Nio.
But, what if it triggers? Then the gap at 33.44 will be the target, probably. We also have the 32.61 as a second target, but I don't know if there's any chance of being hit.
The 4h chart has the double top pattern as well, that indicates more bearish sentiment, but neither of these patterns were triggered yet. Therefore, it is important to see a great reaction on Monday, as soon as possible, or Nio will trigger these signs and drop to the targets.
But if Nio breaks the 34.75, I believe it'll seek the 61.8% retracement in the 4h chart, around the 38.40. We'll have our answer next week!
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.
US100 Overnight Liquidity - Gap and Go?Just updating before the US session gets going.
We have Flash PMI data today, so probably going to get a bit of movement.
There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of a range, rather than the top of a market.
I am mindful that inflation worries are still prevalent and will have an effect on the Nasdaq if the US10 year yields rise.
NDX: Pullback ahead?Hello traders and investors! Let’s see how the tech index is doing today!
First, in the 1h chart, it looks like we found a ceiling . The white area is a resistance level, and given how the index performed recently, I wouldn’t be surprised if it does a pullback to the 21 ema again.
We just defeated the 13,430, indicating that the short-term trend is bullish, but pullbacks are acceptable here . If we look at the daily chart, there’s one more thing to keep in mind:
We just hit the 21 ema, and we are trading above it right now, but there’s still time for a bearish reaction . But maybe I’m overestimating the bears again. Also, keep in mind that pullbacks would be opportunities to buy.
I would be surprised if the index defeats the 21 ema and hits the 13,700 in one single movement, but there is this possibility. Also, we have some gaps up there, and they will help to push the prices up in the mid-term.
The US market is looking great, along with Chinese and Brazilian markets. For instance, despite the sell-off seen around, in the past few months our private group has been trading some Brazilian ADRs , which have been doing amazingly well, a nd they do bring some equilibrium to our portfolios.
Right now, the market seems optimistic, but we must always seek balance, and work calmly, always seeking opportunities, preferably, where nobody else is looking.
If you liked this analysis, remember to follow me to keep in touch with my daily updates! Thank you very much!
SPX: Key points we must be aware of!Hello traders and investors! Let’s see how the markets are doing today!
The SPX is doing a fantastic reaction, and if it defeats the 4,183 it’ll be a good sign, and it might retest the ATH again . But since it went up too fast, pullbacks are expected , and the index could drop to the 21 ema again, and this wouldn’t be a problem.
The area around the 4,183 and 4,188 seems to be a nice target for the index, and a resistance level too , as it was the previous support and it is a previous gap area. The 4,167 is another resistance, but I rather work with the gap area in the short/mid-term. Now, let’s see the daily chart for more clues:
Honestly, I overestimated the bears here, and I was expecting the index would retest the purple trendline , but it seems the 4,055 area did a good job already. Yesterday we had a Hammer pattern, above a support level, indicating a further upside movement.
The US market is looking great, along with Chinese and Brazilian markets. For instance, despite the sell-off seen around, in the past few months our private group has been trading some Brazilian ADRs , which have been doing amazingly well , and they do bring some equilibrium to our portfolios.
Right now, the market seems optimistic, but we must always seek balance, and work calmly, always seeking opportunities, preferably, where nobody else is looking.
If you liked this analysis, remember to follow me to keep in touch with my daily updates! Thank you very much!
US100 Liquidity - Gap fillsNot sure if we can rally another 300 points today, but there is always that possibility.
The more likely scenario is that we come back down and fill the gap from yesterday as seen on the NDX
SPY The next couple of daysSPY gapped down huge but buyers stepped in and we saw it make a recovery during the day. The downward channel hasn't been broken yet and the price action the next couple of days will tell us which direction we are headed.
-Price still in downward channel
-A breakout of channel = Bullish move
-Rejection of channel = Another gap down and selling
-Increase in buying volume could indicate a potential bullish breakout so keep watch
- Overall market sentiment still bearish
What do you guys think about this analysis?
A great reaction on AAPL!AAPL filled a gap at 123.06, and it is doing a rally now. The 124.78 is another gap, that is a resistance now, so, AAPL is supposed to have a hard time in this area.
If it breaks the 124.78, it'll confirm our long thesis, but for now let's keep the 4h chart in mind.
AAPL broke the 124.43, which is a nice buy point after it filled a gap. The confirmation will come tomorrow, but this is a nice sign already. It must not lose today's low, though.
If AAPL breaks the 127.90, it'll reverse the trend for good. But for now, I think the 127 is a good target.
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.
ET - Adam and EveET formed a bullish A&E formation and broke above the neckline on strong volume on 7th May, creating a breakaway gap often seen at the early stage of a sustainable trend. It then pull back to retest the neckline before rebounding again (another classic breakup and retest to shake out the weak bulls).
Long with initial stop loss below the neckline @ 9.28. Trail stops up as trade goes our way. Expected A&E target is around 13.80. No guarantees but the odds are in our favour.
Disclaimer: TA is about improving our odds of a successful trade, but there is no 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. Feel free to le me have your comments! :)
FINV - displaying strong support at 5.78 (Gap level)FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge)
Note that as a $6+ stock, it is a speculative play. I am interested to stake between 6.50 to 6.85) with a stop loss at 5.75. Let's see how it turns out.
Disclaimer: TA is about improving our odds of a successful trade, but there is no guarantee. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to let me have your comments! :)
#PLTR - Price heading to falling wedge resistance. Good momentumIt is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days.
The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge volumes n May 11th. Once the price will reach the 24$, it will be significantly above the resistance line of the larger falling wedge (in purple). This means that the rwach of 24$ would mean the breakout f the larger falling wedge, whose target projection will be the 31$ area.
This area is very delicate, as it has a big gap both in daily and in the weekly chart. It is true that the gaps are not always to be covered, but I would consider the possibility of it being covered as 99% probable, especially considering that gaps in TF like the weekly are very significant.
Once reached the 31$ area.. price has highways in front of it for a strong bull run.
Be patient...
TSLA: Is there any hope for it?Hello traders and investors! Let’s talk about Tesla again! After it lost our Triple-Support level, it denied the bullish thesis we discussed last week. But what it is supposed to do now?
TSLA just filled a gap in the 1h chart, and anything good that it could around here, would be great. But so far, we have no confirmation of any reversal sign.
The trend is bearish in the short-term , as we have lower highs/lows and the 21 ema is descending. We are in a good place for a reversal, but since we lack bullish signs, there’s nothing to do, but wait.
The daily chart suggests it could drop below the $ 600 again, something around the $ 590. But the low volume makes us wonder if this is a real movement or not.
Tesla is dropping due to a systemic sell-off in the tech stocks, not something related to the company. In this case, if the NDX reverses, it could easily take Tesla with it in the mid-term.
In the lack of new evidence, we must wait for more signs. But if Tesla does anything good around this support level, it would be a great sign for the mid/long-term investors.
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Thank you very much!
The advanced breakout worked wonders! Now watch these points!Today's movement was pretty precise and technical. In our last Nasdaq 100 analysis, we already figured out that it would fly today, thanks to the advanced breakout, a rare event that usually gives good trades.
Now that it filled the gap, it could go anywhere, but we must watch the 13,676. Anything below it will mean the index will have a hard time. Meanwhile, the 14k is the target.
If you want to learn more about advanced breakout, just check my previous post on Nasdaq 100.
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.
