Gap
RGEN - Ripe for Trend ResumptionRGEN had had been pulling back after hitting 212 on 12 Nov. On 20 Nov it staged a rebound to 197 but it proved to be short lived as it soon gave way to another plunge to 177, closing a prior gap at 178. There is stronger reason now to believe that this time the rebound will follow through due to 1) gap fill and 2) bullish divergence between price and RSI.
Going long @ 187 (however initial stop loss would be placed around 176.50, just below the recent pivot low). Trail stop up along the way up if the trade works out. Looking to scale out partially at 212 (previous high) and another batch @ 222 (fib 127% extension).
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 discuss and comment :)
ZM Gap FillBig gap from $474 to $499. A break of $474 will send this flying up the gap and potentially thru $500.
We're going into lock down again, there's no way around it. ZM is a good hold until next summer in my opinion.
The break above the resistance on 11/27 was confirmation to me that this is good for a swing!
SHORT TERM PLAY : $500 Strike Dec 31 Exp Call
COUPLE MONTHS SWING : $550 Strike March 2021 Call
Week of 11/30 Target Price: $500
February-March Target Price: $600+, all time highs
AMD Small Gap Fill, $90 Target$86 is our support. We have a small gap that still needs to be filled from $88.80 to $89.80. As long as we stay above $86, we're perfect.
Last week's high was $88.04. Once we pass that, looks to be a clear shot to $90.
PLAY : Already bought and will continue to buy more $90 strike January 2021 calls , unless $86 doesn't hold.
TESLA - Target $600 - Will it Gap Down during ThanksGivingTesla broke out into Wave 5 on the Daily Chart
Whoever bought around the break of the range are loving it. $430 - $450 was good location.
I have drawn what I call The Target Zone . It is the Fib Exp 62% of the Wave 3. That is $600.
Will it bounce at those levels? or will the weekend or thanksgiving create a major gap down ?
Hope you've banked some profits... already
GU quick 15R buyasian has been trending in direction of the bias, judas swing to the breakaway gap + breaker + Model 10
Bias
DOP
judas swing
breakaway gap
breaker
model 10
NIO: Keep an eye on this support level!Hello traders and investors! Let’s see how NIO is doing today.
First, it dropped today, following the movement seen in the indices. This is fine, and it is a natural movement. What’s more, we have some important points to keep in mind now.
NIO dropped exactly to a dual-support area , made by the green line (previous top) and the gap (pink line). This is a good sign, especially because NIO did a powerful bullish candlestick in the first hour today.
Also, since this gap took some days to close, I see it as a Common Gap , which usually only works as support/resistance for the price.
So far, there are no reversal signs, and NIO will just continue to climb. Yes, it lost the black line we discussed yesterday, but as I’ve said to you, this could just trigger a pullback, which is different from a reversal.
Now I see the dual-support area, along with today’s low, the most important support zone for NIO , as if it loses it, it may trigger a pullback in the daily chart.
But again, it would be just a pullback, meaning, it would be just an opportunity to buy NIO at a cheaper price. What makes me believe that this would be just a pullback, not reversal? The volume .
Yesterday’s bar was bearish, closed under a support, but it had a volume lower than the average. Which indicates that it is more some people booking profits and waiting for the next drop to buy more, than people actually short selling NIO, betting against it.
I still see no reason to worry, as NIO could hit the 21 ema without any problems, before it resumes the trend. And if you liked this idea, please, support it ! And remember to follow me to keep in touch with my daily analyses!
Thank you very much!
TSLA: Targets in case of a pullback!Hello traders and investors! Let’s see how Tesla is doing today.
It is dropping a little, following the sell off seen on the S&P 500 and DJI (Nasdaq is going up today). It seems this movement could be a harmless correction, maybe to the 21 ema, or maybe to the $ 508 (black line).
If it fills the last gap, then it won’t be a Runaway Gap anymore, but a Common Gap. This wouldn’t be the end of the world for Tesla, but it could indicate that the bull trend is starting to get weaker, and a pullback is something we can start to think about.
Now, let’s see the daily chart:
The purple line at $ 461.88 is a strong support now, and the 21 ema is there too, offering another support. I find it hard for Tesla to drop all the way down there, so I see that if we see a pullback ahead, the first support level would be the Gap, which wouldn’t be a Runaway, but a Common one.
But I see pullbacks as natural movements, and there’s nothing to worry regarding Tesla right now. The trend is bullish, the volume increased, and there is no reversal sign ahead.
I would use the gap and the 21 ema in the hourly chart to guide myself here, from now on. And if you liked this analysis, please, support it ! And remember to follow me to keep in touch with my daily updates and analyses.
Thank you very much.
TSLA: The Gaps are back!Hello traders and investors! Let’s see how Tesla is doing today!
As we’ve been saying, there’s nothing to worry here at all. So far, no top signs, no reversal signs – nothing . If we don’t see any of these signs, the trend will persist, according to Dow Theory , 6th tenet (trends persist until a clear reversal occurs).
Maybe it left another Runaway Gap today, of only 20 cents, and this one is seen in the daily chart. In my previous analysis, we found another breakaway gap, but in the hourly chart, and if you missed it, the link is below.
The fact we have another breakaway gap tells us that the trend is absolutely strong, just like we’ve seen in the past. This pattern, full of gaps, is quite common for Tesla, and it always did it during its explosions.
Let’s see the hourly chart now:
The black line at $ 508 seems to be a support, but it is so far from the price that I find it hard to believe Tesla will drop there now. The recent Runaway Gap should offer support as well, and if it gets filled it’ll turn into a Common Gap .
The 21 ema is also another support point, and we have no bearish patterns at all at Tesla.
If you are really anxious here, just set a trailing stop under the previous day’s low (daily chart), and let it roll.
And remember to support this idea if you liked it! And follow me to keep in touch with my daily analyses on Tesla and other stocks!
Thank you very much.
Analysis Gold Hello traders get ready to trading to the upside as a retest the resistance . Please make sure you are seeing patterns , not what you want to see. If gold goes go up , gold candle will probably fill those gap above before continuing down to the downside. Trade safe. Thanks for reading!
RCL - Ascending Triangle BottomWhile an ascending triangle usually forms with a prior uptrend (ie a "continuation" pattern looking to resume the prior (up) trend), the odds are also good as a trend reversal pattern when it forms at the bottom of a chart.
Looks like a breakup of this triangle is getting close especially when we see a strong gap up as it approaches the apex of the triangle (although another minor pullback cannot be ruled out).
Declining volume is also typical as the triangle is being formed and once it breaks up (for good), an increasing volume will help increase the odds of a sustainable trend.
Theoretical target is ~ 128 (a cool 68% profit potential from breakup level of 76). I would put an initial stop loss 65 and trailing the stop up on if and as the trade goes our way. Let's check back in several weeks / months to see how this will play out!
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 comment and share your opinion :)
analysis NAS100hello traders, update on nas100 potential retest again to the downside. THIS IS A SHORT BUY right now. The market gave you at least 4 chance to catch at least 20 pips every time going down. I will update to the downside soon. Thank you for reading!
TSLA: Trend Analysis and Key Points.Hello traders and investors! Let’s see how Tesla is doing today!
In my last analysis, we discussed the possibility of a pullback if Tesla loses the red line at $ 493 and Thursday’s low ($ 487.57). Well, it briefly lost the red line on Friday, but it wasn’t enough.
I was already skeptical about a sharper pullback, but today’s movement is quite surprising. It seems we have Runaway Gap here, which is a good sign. This tells us that the bull trend is strong, and we know that when Tesla engages in a bullish momentum, it is hard for it to stop.
If it loses the $ 508.61 it might do a pullback to the 21 ema , but there’s nothing telling us that this will happen right now, and there's no top signs. In fact, the $ 508.61 was a pivot point for Tesla, and since it was triggered today, the stock is ready for new record highs.
Now, let’s see the daily chart:
Friday’s candlestick had very low volume, and this indicated to us that the bears weren’t serious here.
Tesla could drop to the purple line around $ 461.88 and the bull trend would still be intact. But I find it very hard to hit there, because the trend is very strong. We can accept pullbacks as opportunities to buy, but it is hard to tell what point Tesla could drop before going up again.
I think the supports seen in the hourly chart are more reliable for now, like the $ 508 region, and the 21 ema. Even the Runaway Gap will work as a support in the future, but I’m skeptical about the $ 461.88.
Let’s follow the movement on Tesla closely! Therefore, you are invited to follow me to keep in touch with my daily updates on Tesla and other stocks! And support this idea if it helped you!
Have a great week!
BABA - ANT's saga provided opportunity to stakeAm a little late in this post but the best opportunity to enter BABA was last Friday from 262 after it bounced off the 50% fib retracement support @ 254 and closed with a bullish engulfing candle.
Alibaba's ANT IPO fiasco had plunged the stock 20% from it's recent high of 319 provided this low risk entry to stake BABA, a company whose fundamentals is still solid.
Can consider to scale out partially at 290 (gap fill) and but an eventual test of the recent high at 319 is plausible (but I would use trailing stops to protect some profits).
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.
TSLA: A complete Multiple Time Frame Analysis!Hello traders and investors! Today is Friday, so let’s do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts (short, mid and long-term).
Starting with the hourly chart, the $ 493 is a pivot point for Tesla, and if it loses it, we may see some pullback ahead. Therefore, I said to you that this is a point to book profits. Always buy near supports and sell near resistances . If you missed my previous analysis, the link to it is below, as usual.
A pullback to the 21 ema would be acceptable, or even the $ 461.88 (purple line), but we can’t possibly know if Tesla is going to reach there. I think the daily chart is looking more interesting:
Ok, if Tesla loses yesterday’s low, the $ 487.57, it’ll reinforce the idea of a pullback, and the target would be the purple line, but if the momentum is strong enough, I doubt Tesla would hit there.
We also have a Breakaway Gap and the volume is increasing. I find it very hard for Tesla to drop again to the support level around $ 406, because it would mean that Tesla would fill a Breakaway Gap, which is something it never did in the past . After most of the congestions, we have an upside movement triggered by a Breakaway Gap, with good volume. This is how Tesla behaves.
Now, let’s see the weekly chart:
Yes, Tesla is breaking out from a Pennant chart pattern , which is something to keep in mind. The trend is historically bullish, and the congestion we saw in the past months was just a pennant in the weekly chart.
Notice the low volume of this pennant, which is a very technical movement, according to the Dow Theory , 5th tenet: The Volume Must Confirm the Trend. If the correction has low volume, then it is just a harmless correction, not a reversal sign.
Speaking of reversal signs, there is none around. We would have a pullback sign if Tesla loses the $ 493 or yesterday’s low, but nothing that compromises the bull trend.
This is what the chart tells me, and if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates.
Thank you very much.
Have a great weekend!
TSLA: New record high! How to proceed now?Hello traders and investors! Ok, Tesla hit our target at the All Time High today (black line at $ 502.49), and now it is trading close to it.
The trend is bullish in all time frames I use to watch: Hourly, daily and weekly. This means that pullbacks are opportunities to buy, and maybe we’ll see one here, but it is a huge maybe.
Since we just hit a previous resistance, and some players who bought around $ 406 (previous support) are booking profits here. So, a pullback would be natural and would offer an opportunity to buy Tesla, at a cheaper price, below a resistance and with an optimized R/R ratio.
If you have Tesla and are afraid of a pullback, the technical point to book profits is the red line at $ 493 , because if Tesla loses it, it could drop to the 21 ema again, or even the $ 461.88.
There are other strategies you can use, and the daily chart can help us here as well:
Again, Tesla did a Breakaway Gap and the volume is increasing, which is the same pattern Tesla did in the past before most of its greatest explosions, always after its congestions. To further details about it, read my previous analysis, the link to it is below.
It would be good if Tesla closes above the black line, because if it leaves a shadow above the candlestick’s body the market may see this as a sign of weakness. But as we’ve been discussing, a retest of the $ 461.88 region would be perfect, but since the trend is so strong, we can’t count too much on this.
Another indicator that Tesla could drop a little bit more, and you may use it to book profits, would be if tomorrow Tesla loses today’s low.
But if you have some guts you may just hold your position, as there is no reversal sign ahead of us, and the weekly chart is looking good:
A breakout from a Pennant chart pattern . This is a good sign and another indicator that Tesla is seeking for higher levels.
For the short-term, just keep the points mentioned above in mind, and you’ll be just fine. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates.
Thank you very much.
analysis NAS100Update on Nas100, yes I added an fib and divergence because it completed its lower low and opposite candle from RSI. Looking for sells. it might continue to go up and then shot down
DAX Is Bullish, But More Gains After A Short-Term PullbackHello traders!
DAX made nice and impulsive bounce from projected support after we noticed a three-wave A-B-C corrective decline, so it's turning back to a bullish mode, mainly because of recent break above trendline.
However, watch out for a temporary short-term pullback to fill that open GAP, which can actually retest that daily trendline with potential support around 12300 level. In fact, if current 13300/13400 zone will also hold as a resistance, then we may see a potential inverted H&S pattern, where right shoulder is still missing.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
$TSLA S34 likely tomorrowThe S34 opening sell signal is likely to show up tomorrow at the open.
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is probably better to wait for Wednesday’s close to increase the odds of success.
No guarantee this S34 exhaustion point will reverse the trend.
Wave B could also shift to the right tomorrow.
Stay cautious
Cheers!
MATHR3E
Going to test gap areaThere is support around 242 also but I guess bearish momentum it can take to 232-282 area where it's gone test the gap and it will revert from there. It's also nearing the oversold region and volume is shrinking too.
Imbalance Trade EURAUD 1hr Imbalance Gap
50% Fib from zone or High of the zone for Entry
1:2 R/R @ 20 pips
