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PLTR: Time to panic? Keep these key points in mind.Hello traders and investors! Let’s see how PLTR is doing today! In my last analysis (Feb 02, link below) I presented some reasons why we shouldn’t panic during the massive drop from the $ 44 to the $ 31. Now PLTR is around $ 36 again, trying to resume the bull trend. First thing to keep in mind: It has a solid support level at the $ 34.04 (is the gap area), and the purple trendline, which worked as a support at least 3 times in the past. So, this is a Dual-Support level . We may see PLTR at these levels if it loses the 21 ema in the hourly chart, something that won’t be easy, given we have a Dragonfly Doji closing above it now. The 21 ema worked very well for us here, as the price rested above it for 3 days before starting going up again, giving plenty of time for those who were interested in it to buy at a very safe and good price level. The volume increased again when it started the bullish movement, indicating that there is true buy force here, but with the market showing some weakness, probably PLTR will suffer a little bit as well. It could do a pullback to the 21 ema again, and this wouldn’t ruin the bull trend. The 21 ema in the daily is getting closer to the Dual-support level mentioned in the hourly chart above, so, the price level around $ 32 - $ 33 is an interesting key point to keep in mind. Also, PLTR is about to report Earnings next week, so we must watch out, as this surely will bring some volatility. We’ll keep studying PLTR, therefore, remember to follow me to keep in touch with my future updates. The link to some of my previous analyses are below, and please, support this idea if it helped you! Thank you very much.
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by Nathan_The_Finance_Hydra
4
BP LongDowntrend Channel breakout, revisit trendline Breakaway Gap. Trendline break ABC Patten: Swing A crossed SMA50 (1st) and SMA200 (2nd), -- Wave#1 SMA50 Crossed SMA200, -- Golden Cross. Swing B tested SMA200 as support. -- Wave#2 Swing C will be not less than A; -- Wave#3 Entry 21.5 Stop 20 Target 27 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
NYSE:BPLong
by PlanTradePlanMM
2
VYNE - upTrend is underwayVYNE gapped strongly on 25th January, breaking out of a 10-month resistence @ 2.68 but alas failed to hold on to this level as it then gave up all the gains over the next 1 week to close the gap before attempting to reverse up again. It finally broke and CLOSED above this 2.68 resistence (now turned support) on 3rd Feb, retesting this new support over the next few days before springboarding off decisively today with a huge green candle, signalling that it's uptrend is now underway! :D Initial stop loss just below 2.68 (trail stops up with at least 12%-15% wiggle room on the way up). Expect to see some consolidation each time the stock hits into some old "resistences" on the way up. Disclaimer: 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. Thank you. Feel free to let me have your thoughts ! :)
NASDAQ:VYNELong
by Juliac
12
My thoughts on the gaps in GMEI was looking at the GME daily chart and noticed a gap has been created from the big move down, after the restrictions on buying shares occurred. I also noticed that there was a gap created on that original big move up. It was then immediately filled during the heavy short attacks. It is my understanding that "gaps like to get filled". I have seen this on many charts, but how long it takes to fill (if it does) can vary greatly. I just wanted to chart this now to see how it eventually plays out.
NYSE:GMELong
by GR3ND3L
2
AAPL: Good reaction above a TRIPLE-SUPPORT level!Hello traders and investors! Let’s talk about AAPL today! In my last analysis, we discussed the possibility of AAPL losing the Pennant downwards, and this is exactly what happened, given the daily chart was too stretched back then. If you missed my previous analysis, the link to it is below, as usual. Now, AAPL is reacting well, and it is trying to reverse this short-term bear trend. The stock is trading above the 21 ema again, this is good, but more importantly, it is doing higher highs/higher lows , and it triggered a bullish pivot point by defeating the red line at $ 136. Now, the $ 136 is working as support, along with the 21 ema. Let’s see the daily chart now: In my last analysis, I set a target at the black line ($ 137), as it was a strong previous resistance in the past, but when AAPL lost the Pennant in the hourly chart, the sell-off was so intense that it lost the black line, and it only found a support in the next bottom area, made by the 21 ema and the red line at $ 132 (previous top) and the purple trendline, filling a gap on the way. This was a very strong triple-support level , and now it seems AAPL is starting to react, the only thing that concerns me is the low volume. According to the 5th tenet of the Dow Theory , “the volume must confirm the trend”, and when the volume doesn’t follow the price, we have a divergence . If AAPL loses this triple-support level again (which will not be easy), then we may start to think about a sharper correction, but this wouldn’t be enough for a reversal yet. We must follow Apple closely, and if you liked this idea, remember to follow me , and please, support this analysis ! Thank you very much. Have a great weekend.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
5
ZOM - impressive price actionZOM broke out of a 22 months resistence @ 0.50 with a Breakaway Gap on 11 Jan (after some stealth accumulation for 2 months prior). Breakqway gaps occurs at the start of a trend and do not get filled (until one fine day when the stock finally turned bearish). The stock has been trending nicely since, with a bull flag consolidation in the past few weeks before another strong move up yesterday. For those who have yet to stake into this stock, it is difficult to wait for a pullback (which may or not may not happen before it goes much higher). For those who do not mind taking calculated risk, consider to dip your toes in from 1.30-1.50, with initial stop several ticks below yesterday's large candle's low @ 1.16. Position size accordingly to cater for this wide initial stop loss. Near term target of 1.75 (some resistence around here) should be pretty achievable and the longer term, I feel that 2.98 is definitely plausible. Protect profits with trailing stops at pivot lows on the way up! Disclaimer: 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. Thank you. Feel free to give me your thoughts ! :)
ZLong
by Juliac
1
SPX: The bull trend still persists!Hello traders and investors! Let’s see how the index is doing today! The index is performing very well these days, and it is frustrating the expectations of the bears again. It defeated the black line at 3827, which seems to be a Key Point for SPX, as it worked as support and resistance a few times in the recent past. Now, this point is supposed to work as a support level, according to the Principle of Polarity. What’s more, we have the 21 ema as a support, but we can’t rely too much o that at the moment. It seems the index will try to fill its another gap, and even retest the green line. In the daily chart, the index triggered the Downside Tasuki Gap , which we mentioned in my last analysis (I did the analysis before the market close, right now it seems it is more a big Harami pattern), and now the index is just resuming the trend. The index would be more bullish if it closed above the 3827, so, the situation is not easy to read. The volume was quite low these days, but it seems the bull trend is still here. We must keep our eyes open, and if you liked this analysis, remember to follow me , and support this idea! Thank you very much.
SP:SPX
by Nathan_The_Finance_Hydra
12
Raiden to regain Daily Uptrend?Raiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects. Outlook: - Daily Support currently Holding after recent trend break, area of interest is at Daily Resistance and Retest of Daily Uptrend. I think the only thing that help price regain trend will be Good Drilling results. Also note the Daily GAP is unfilled just below current price. If price was to regain trend, my target would be previous high from October. If support break then GAP fill is likely. Watching. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:RDN
by Trader_Johnni
2
SPX: Is the bear market over already?Hello traders and investors! Let’s look at how the SPX is doing today! It is a green Monday, and the entire world is going up. This happens very often, after a systemic drop. Today’s reaction is impressive, indeed, and it looks like the reaction seen on last Thursday. It looks like the SPX is trying to fill one of its Gaps now, and it is quite close to fill it, but the index is still doing lower highs and lower lows , a trait of a bearish trend . Only when it starts doing higher highs and higher lows, I’ll see the situation differently. Now, to the daily chart: We have what looks like a candlestick pattern called Downside Tasuki Gap , which is a bullish pattern, and it’ll be hard for the bears to cancel it, as the index must drop again below today’s low. The volume increased during this sell-off, as for the volatility, and this is one of the reasons why we still must be careful. In moments like this, there are few stocks we can trade. The Bearish Engulfing in the weekly chart we discussed in my last analysis wasn’t triggered today, but there is still the possibility that it’ll. If you missed my previous analysis, just check the link below. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea before you leave! Thank you very much. Have a great week!
SP:SPX
by Nathan_The_Finance_Hydra
11
NIO: Still trading DANGEROUSLY near a support level!Hello traders and investors! Let’s talk about Nio today! My previous analysis was last Monday, what could've changed since then? Oh, and I'll leave the link to my previous analysis below, as usual. Today’s drop was very technical, as NIO just went down to fill the gap at the dotted black line, around $ 54.60, and now it is quickly recovering. The $ 54.60 was a very good support level, but we must be aware of the 21 ema now, as it can work as a resistance. Also, it did a false breakout from the green line, which is a good bullish sign, but NIO must show more signs of strength around, before it can fly again. Now, to the daily chart: On the bright side, today’s candlestick looks like a Hammer pattern, and the $ 57.20 is still an important price level to keep in mind, as it seems the price can’t drop below this point. The volume is still low, but this is a good sign in this case. When we see a stock dropping or in a congestion with low volume, after a strong bullish movement, it is not a sell-off sign, but only a harmless pullback. Let’s keep our eyes open on NIO. We must be very careful and look for the right timing. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea before you leave! Thank you very much. Have a great week!
NYSE:NIO
by Nathan_The_Finance_Hydra
22
SPX: Target hit. What's next?Hello traders and investors! Ok, so the SPX did what it should’ve done, and this is very good. Let’s see what’s going on here. The index lost the 3827, and it hit precisely our target yesterday, as we discussed in my previous analyses (if you missed, I’ll leave the links below, as usual). Today, the index found a resistance at the 3827, which was the previous support, and this is very normal - the index is just obeying the Principle of Polarity (previous supports will work as resistances in the future). But now what? If the index defeats again the 3827, it’ll trigger a pivot point that could lead SPX to the green line at 3861 again. Probably the last gap (yellow area) would help to attract the price, as they work as magnets. Now, let’s see the daily chart: The index hit the purple trendline with astonishing precision, and this is why I love Price Action . Now we have a Harami , which usually has a random chance of working as a reversal, but in my experience, when it is near a support level, the odds increase. The only thing that could ruin the bullish momentum would be if the SPX loses today’s low this Friday, along with the purple trendline. This could trigger a sharper correction in the weekly chart. The question is, would be a Price Correction , when the index drops to hit a previous support, or a Time Correction , when the index moves sideways, erratically, waiting for the 21 ema to catch it? We’ll have our answers soon, and I hope this analysis helped you! Remember to follow me to keep in touch with my daily updates, and please, support this idea if you did read this far! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
4
Let's conquer the spaceI love the idea to travel in the space as a tourist, and I expect that it is not just me. So after an IPO mania, there was consolidation with higher lows in 2020 and now there is an island gap on the daily chart. If this gap won't be filled than new highs will come. I hope to see that but be that as it may with the gap I consider this as a buy and hold investment. This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
NYSE:SPCELong
by MoodandMarkets
1
SPX: Key Points we must keep in mind!Hello traders and investors! Let’s see how SPX is doing today! The volatility increased a lot recently, and this led to a false breakout from the support level at 3827, which is a Key Point that worked as support and resistance in the past, as evidenced by the black line. Also, the previous Gap area worked as a nice support as well. Since the index is trapped between this black line and the ATH (green line at 3861), and the 21 ema is flat, we can say that we have a Congestion , and the SPX must break free from it, in order to either resume the bull trend, or collapse to lower levels. The daily chart may give us more clues: Yep, the 3827 is the Jan 8 All Time High, and it seems it is working as a support now. Not a surprise, as it is just following the Principle of Polarity of the Technical Analysis. Today’s candlestick is quite impressive, so far, as we have a huge shadow under the candlestick’s body, indicating that the bull trend is still here, and we won’t see it changing until a clear reversal occurs ( Dow Theory, 6th tenet ). If the index loses again the 3827 (and closes under it), then the SPX could drop again to the Purple Trendline, and this wouldn’t be enough to change the bullish bias. The index didn’t even retest the 21 ema yet, so the trend is very bullish, indeed. As long as we don’t see a clear reversal sign, the index will just continue to climb . And if you like this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea! Check my latest analyses on the links below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
12
Breakaway GapWhen the price opens above a significant resistance area it is known as a Breakaway Gap. This is a bullish signal and indicates the start of a strong trend. Although some would argue that gaps must be filled it is important that we identify what type of gap we are looking at. Breakaway Gaps are usually backed by a positive announcement and in this case it is; PUREgraphite Awarded US$5.57M from the U.S. Department of Energy (DOE) for New Technology Development Price is currently sitting at a major Fibonacci level of %61.8. It is possible that we at a major resistance however a move above this level could indicate that we are likely to reach the next target of 4.75 -BreadCharts
ASX:NVXLong
by BreadCharts
1
TSLA: Annoying accumulation. What's in here for us?Hello traders and investors! Let’s see how Tesla is doing today! As we discussed in my previous analysis (Jan 11), Tesla was giving some signs of weakness, and now all the signs were triggered, and we are in a boring congestion. The 21 ema is flat, and we are quite close to the next resistance at $ 867.95, which is a key point Tesla must defeat in order to continue the bull trend. But all we can expect right now is that Tesla will move erratically, and it won’t resume the bull trend until it defeats the red line. Maybe the daily chart will offer more clues: In the daily chart we can see a small Pennant pattern, but nothing too convincing, in my view, as the pennant is too tight, and this makes the pattern more fragile and less reliable. But the low volume indicates that this congestion is not to be taken seriously. Even if Tesla loses the Pennant pattern downwards, the 21 ema will be there to hold the price (the 21 ema is a good and reliable support level when Tesla is trending). The bias is still bullish in the mid-term, but the short-term congestion can make Tesla move erratically for some days, even after the Earnings, so we have to be careful here. And if Tesla drops to the 21 ema, it won’t be a sign to panic at all (in fact, it could be just an opportunity to buy). If this analysis helped you, remember to follow me to keep in touch with my studies, and support this idea if you liked it! Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
12