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ZM - done falling yet?Zoom has "fallen from grace", aided in part by the announcement that a vaccine could be near. It fell from 588.80 in October to a low of 366 on 10 Nov. Having fallen nearly 38% from it's recent high, I suspect "value" is starting to emerge again and that the 61.8% fib support level at 365 would hold. A bullish divergence between price and RSI is also forming..Hence I am accumulate with initial stop loss @ 362. However! Should this trade not work out, then I will be looking to re-enter near the gap close @ 325 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.
NASDAQ:ZMLong
by Juliac
1
DAX / GER30 / DEU30, daily tf, sell the shooting star candleHello my friends, Second setup for today is German index which is known as DAX. Some brokers use DAX on it quotation, others use GER30 / DEU30. Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong. There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance. This indicates sellers currently winning over buyers. As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first. Sell DAX / DEU30 / GER30 13095 Stop loss 13215 Take profit 12615 (4R) RR ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : I am selling DAX from 13095
TVC:DEU40Short
by HayatoDragonFX
SIA - airlines on the recoveryAfter lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for a possible eventual target of 5.00. I'll place an initial stop loss @ 3.74 as I do not expect this gap to be closed. 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.
SGX:C6LLong
by Juliac
SPX: The most important point for SPX!Hello traders and investors! Let’s see how the SPX is doing today! The moment is quite challenging with everything that is going on (elections, second wave, vaccine), but the Technical Analysis can always offer us some interesting insights. Firs, the hourly chart is in a strong bull trend, and despite the fact it is too stretched, there’s nothing indicating we’ll see a reversal ahead . But we can’t discard the possibility of a pullback. The red line at 3,588 is the most important point for SPX in the short/mid-term , and only if SPX loses it, we’ll see a sharper pullback. This red line only makes sense if we analyze the daily chart: Yes, the red line is the previous All Time High (ATH), and if SPX closes under it today, leaving a huge shadow above the candlestick body, we’ll see a Shooting Star pattern in the daily chart, and a false breakout from a previous resistance, and usually these are not good signs. Also, we may see an Exhaustion Gap here (yellow area), reinforcing the idea of a pullback, and SPX could easily hit the 21 ema again in the next few days, if these signs will be triggered. Let’s keep our eyes open here, as the moment is quite decisive for SPX, and if this idea helped you, please, support it! And follow me to keep in touch with my daily analyses. Have a good Monday!
SP:SPX
by Nathan_The_Finance_Hydra
12
XPEV: Weekly Outlook and Key Points!Hello traders and investors! I usually do a lot of analyses regarding TSLA and NIO, so how about a XPEV analysis for a change? Let’s see what we can find here. First, the daily chart is looking impressive! We have two open gaps here: One Breakaway Gap , which defeated the black line at $ 23.10 (previous top/resistance), and another gap, which we still don’t know its type. If it is an Exhaustion Gap , it’ll be filled quickly, and probably XPEV will hit the 21 ema in the next few days. If it is a Common or a Runaway Gap , it won’t be filled so soon, and the bull trend will continue. Either way, we’ll have our answer next week. Today’s candlestick could be a Dark Cloud Cover (DCC), and if this pattern is going to be triggered, probably XPEV will do a pullback to the 21 ema, filling the Exhaustion Gap in the process. Now, let’s take a look at the hourly chart: We have 3 gaps in the hourly chart, but I find it very hard to believe XPEV will drop below the $ 20 again. The trend is clearly bullish, but the chart is too stretched, as it didn’t even touch the 21 ema at any moment. There are no signs that the trend will reverse, but a pullback is desirable . I would look for a bearish pivot in the hourly chart or wait to see if the DCC candlestick pattern is going to be triggered in the daily chart. Also, we have two pivot points here: The black line and the red line. I find it very hard for XPEV to defeat the black line now, and I would keep an eye on the red line, because if XPEV loses it, the bull trend will start to look weaker. These are the most important points to keep in mind, and if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! Have a great weekend.
NYSE:XPEV
by Nathan_The_Finance_Hydra
3
UBER vs LYFT: A technical comparison.Hello traders and investors! Let’s see what’s going on with UBER and LYFT today. Both stocks are doing some impressive movements, so it is a good time to study them. First, let’s start with UBER. The stock is doing a phenomenal movement today, but if we look at the charts, it just hit a resistance zone today, the black line at $ 41.86, and now it is doing what it seems to be a Spinning Top candlestick pattern . Either way, UBER must keep trading above the yellow line at $ 38.59, because if it loses it, a pullback to the 21 ema is expected . But despite the fact UBER is moving sideways since June, it seems the trend is slightly more bullish than bearish, and UBER is trying to defeat the resistance at the black line. I see the 21 ema as an important support, but the red line at $ 32.89 is another support zone. In the worst-case scenario, UBER would hit the blue line at $ 28.53, but it is way too soon to say this. Today’s gap could be a Breakaway Gap , and if that’s the case, it won’t be filled so soon. But if it is a Common Gap , then it’ll be filed in the next few days, and UBER will be back to the congestion. I would just keep an eye on the black and yellow lines for now. Now, let’s see LYFT. Lyft almost hit the previous resistance at the red line, and now it is dropping sharply. The good news is that it just hit a dual support zone , made by the yellow line (previous resistance) and the purple trendline. The idea of a Breakaway or Common Gap applies here as well , and if LYFT loses its two supports, we’ll see a sharper pullback ahead, and it’ll probably fill the gap. Honestly, it seems the bulls will have a hard time now to defeat the resistances on UBER and LYFT, and a pullback would be great for the stocks, and it could even bring some opportunities to buy. In the hourly chart, there’s a reaction starting on LYFT right now, so the support zone is working so far. UBER is still struggling a lot, but today’s low seems to be a Pivot Point , and if UBER loses it, it'll probably lose the yellow line with it, bringing the pullback we mentioned earlier. The volume increased a lot today, and both stocks are quite speculative, so let’s be cautious here. Either way, these are the most important points to keep in mind for both stocks, and if you like this analysis, please, support it! And follow me to keep in touch with my daily studies. Trade well.
NYSE:UBER
by Nathan_The_Finance_Hydra
1
PINS - Runaway or Exhaustion Gap?My take is that it is still a runaway gap and the bullish trend will continue. Reasons being: 1. broke out of a 1.5 years base formation on 31 July (breakaway gap) 2. recent pullback stopped short at the 62% fib support @ 56.30 (ie only partial gap fill) 3. recent hi @ 68.95 is the ATH (all time hi), there is no other historical resistence. Immediate Stop Loss @ 56.20 (slightly below the 62% fib support). Consider to take partial profit near 69 but ride the rest until a change in trend is evident. 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.
NYSE:PINSLong
by Juliac
NIO: 2 Pivot Points and Targets to work with!Hello traders and investors! We have a red world today, but NIO is resisting quite well! Let’s see what the chart tells us. First, in the hourly chart we have a trendline , which NIO defeated, and it is engaging in a short-term bull trend. This is very good, but we have 2 important pivot points here now, and I would use them to guide myself. The green line is a possible bullish pivot, and the red line is a bearish pivot. Since NIO just defeated a trendline, the odds favor that the green pivot is going to be triggered, but we must be prepared for different scenarios. The targets of both pivots are better seen in the daily chart: Ok, we have the All Time High at the green line, and this would work as a resistance if NIO starts going up again. But since it is quite close to the current price, if we see a bullish pivot in the hourly chart, I believe NIO will do record highs again. On the other hand, a bearish pivot in the hourly chart has clear targets. The blue line at $ 22.59 is a good support zone if the price drops, and we have a gap down there to drag the price. It seems there are a lot of buyers though, as the white bars in the volume are quite high during the upside movements. Also, the 21 ema is pointing up, and the trend is clearly bullish in the mid-term. All of this favors the bulls, but as I said, we must work with different scenarios. And if you like this idea, please, support it ! And follow me to keep in touch with my daily studies and analyses. Trade well!
NYSE:NIO
by Nathan_The_Finance_Hydra
9
DAX / DEU30, daily tf, buy on support at oversold conditionHello my friends, Today i spotted a good setup on DAX / GER30 indicies. After marking all the potential support and resistance, i found that price currently on support level. Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days. We could see price retrace back up to close the gap before continue south. Buy DAX / GER30 at 11600 Stop loss at 11400 Take profit 1 at 12000 (2R) Take profit 2 at 12500 (4.5R) Use only 1-2% risk Good luck
TVC:DEU40Long
by HayatoDragonFX
2