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AAPL: Next targets and Key Points!Hello traders and investors! Let’s see how Apple is doing today! It is resisting in a support zone (green line), which was a previous top, and now it is working as a support according to the Polarity Change . Also, it filled a Gap (blue area), and it may work as a support level as well. Any good reaction near this green line would be a very good sign . On the other hand, if AAPL doesn’t react, then it’ll just resume the bearish momentum to the next support level, the black line around $ 112.85. Now let’s see the daily chart: The green line at $ 117.85 is the most important point right now, because it was a previous top, and it worked as a pivot point yesterday, and this led the stock to fill the gap and to the 21 ema again. If AAPL trades above this green line again, the market will see this movement as a false breakout from a previous pivot point, and the bull trend will resume. The next target would be the All Time High again, especially if it triggers the Pivot Point at $ 125.39 (blue line). Also, the volume is quite low these days, as evidenced by the red arrow, and this confirms our theory that this movement is just a pullback. According to Dow Theory’s 5th Tenet: The Volume Must Confirm the Trend . A pullback with low volume indicates that it is indeed a pullback, a quick movement against the trend that usually gives great opportunities. If you liked this idea, please, support it! And follow me to keep in touch with my daily analyses. Have a great day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
14
GAPS, GAPs, GAPsMr Market likes to fill open gaps. It will do so whenever possible. We have had very good examples of these in recent days. IMO, we are still on a bullish footing at this stage. I have highlighted the green box. You will note today, prices gapped below the green box and finished back within. That green box is the true range of the last (significant) bull bar. Breaks up or down out of the green box usually will signal a continued move in the direction of the break. There is potential downside here as there are lower gaps we have not closed around the support level. If we continue to hold the green square, bias would be for continued upside. My trading stories: dailyxing.medium.com
SP:SPXLong
by mrstockyetoro
TSLA: For how long will this sell-off last?Hello traders and investors! Let’s see how Tesla is doing today! Let’s start our study looking at the hourly chart, as usual. Yep, the $ 461 did hold the price, as it was expected, because it is a clear resistance level, and now the bullish momentum is starting to get weaker, as we already discussed yesterday. If you missed my previous analysis, the link to it is below. But this doesn’t mean the trend is going to reverse, at least not yet . This only indicates that TSLA is just going to seek lower supports, and as long as we see this sell-off on the global markets, it’ll be quite hard for Tesla to continue going up, as it follows the movements on NDX. Right now, TSLA is between the previous resistance , along with the 21 ema (which is flat now) and the next support at $ 439. It also left a gap (yellow area), which maybe is a Breakaway Gap. Let’s see the daily chart now: If the gap seen in the hourly chart is indeed a Breakaway Gap, probably Tesla will hit the 21 ema again, and the support at $ 439 may won’t be able to hold the price. On the bright side the momentum is still bullish, and there is no reversal sign on Tesla. We can expect some pullback, as the volume is still pretty low, and if the trend is going to continue, we need more volume. Remember Dow Theory 5th tenet: The Volume Must Confirm the Trend. If you liked this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks! I wish you all a great day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10
AMZN: What to do if a pullback occurs?Hello traders and investors! Let’s see how AMZN is doing today! The trend is clearly bullish , the 21 ema is going up, and it is above the yellow line, which was a previous resistance for the stock. Today is moving sideways, it seems a healthy time correction , letting the 21 ema to approach the price. It seems AMZN is resting a little before it fills the Breakaway Gap (Sep. 3). We may have a Pennant chart pattern ; an upwards breakout could lead AMZN to new highs. On the other hand, if we see a downwards breakout, we may see a pullback. The targets for a pullback can be seen better in the daily chart: Keep in mind that AMZN just triggered an Inverted H&S pattern , and the target for this pattern is the All Time High. But a pullback triggered by the Pennant in the hourly chart could lead AMZN to the 21 ema or to the 3,225 again, and the trend would still be bullish. When we talk about H&S patterns, studies reveal that pullbacks occur about 2/3 of the time after the pattern is triggered. It left a gap on Monday, which we still can’t be sure about what type gap is , so let’s keep this point in mind as well. Yesterday’s candlestick was very bullish, and the volume was pretty high. I wonder if this is an Exhaustion Bar after an Exhaustion Gap . Either way, pullbacks are acceptable and even desirable. If you liked this analysis, please, support it! And follow me to keep in touch with my studies and updates! Let’s watch AMZN closely from now on! My best regards.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
8
TSLA: Next targets and important supports to keep in mind!Hello traders and investors! Let’s see how Tesla is doing today! First, it did break out from the green line , which we discussed in my last analysis, and now it is going to hit the $ 461.88, the previous resistance. Also, it already filled the gap (yellow area) at $ 446.40, and it is back on a bull trend . The 21 ema and the green line will work as support levels next, and pullbacks to these points are expected and shouldn’t be scary. Meanwhile, it seems we have a Cup & Handle chart pattern, and it seems the zone around $ 448.78 is a secondary resistance for this pattern. Right now, it would be very hard for the bears to take charge of the situation, but the bull trend will start to get weaker if TSLA loses the $ 439. But would only get weaker , I’m not saying it would be a reversal sign. The trend would reverse in the short-term if we see TSLA losing supports in the daily chart: I only would believe in a bear reaction if TSLA loses the $ 406.05 . Meanwhile, the $ 461.88 is the next target for the stock. The 21 ema is pointing up, and the Triangle pattern had an upward breakout, so the odds favor the bulls, at least in the short-term. I would guide myself through the hourly chart, which is right now inside a Trap Zone (between the ascending 21 ema and the resistance at $ 448). Be aware of the $ 439 and its resistances! And if you liked this analysis, please, support it! And follow me to keep in touch with my studies. Have a great day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
8
BTC1! the cme gap teaseA very large gap was created over the weekend and PA fooled everyone into believing it will close it. But as usual it bounced off the top of the gap creating a very deep bear trap. Two possibilities exit, either a continuation upward to 12250 and which point price must come down to fill the gap or a detour here and a bull trap. The latter is healthier for the bullish case, paradoxically because a fall from 12.2k to the lower 10k is very bearish. This is the second time that cme bounces of the gap and not close it directly. Bearish divs on the HTF exits currently.
CME:BTC1!
by nagihatoum
TSLA: Next steps!Hello traders and investors! Tesla is still inside a consolidation, but is there anything else we can do right now? Let’s see. Recently, Tesla lost the support at $ 415 (red line), but the movement was just a quick reaction to fill the gap at $ 407 (blue area). Remember, gaps work as magnets , and the price found a support there. The 21 ema is flat, and only if Tesla defeats the resistance at $ 433.60, we will see something new. This could easily lead Tesla to the $ 461.88. Let’s see the daily chart for more clues: The stock is trading in the highest part of this Triangle chart pattern , and this is quite annoying because it ruins the pattern without a good breakout. Now, the 21 ema is holding the price, but we must consider that since it is flat, it loses a good part of its reliability . Today’s movement is clearly bullish, but again, this is not about Tesla, as it has been following the Nasdaq Composite. What bugs me is the volume. The black candlesticks have a higher volume than the white ones in the past few days. Also, it is quite low, and below the average. If Tesla is going to react, we need more volume, as it is the fuel to a trend. The $ 360 zone is a target in case of a pullback, that would occur if Tesla loses the 21 ema and its supports in the hourly chart. It doesn’t mean the trend is going to change, it means we are going to see a sharper pullback. Let’s see how Tesla will behave next, and if you liked this analysis, please, support it! And follow me to keep in touch with my daily studies! Trade well!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
21
AMZN: Targets for two different scenarios!Hello traders and investors! Let’s see how AMZN is doing today! The stock hit our target at $ 3,133 (black line) as we discussed in my last analysis, on Sep. 25, after it triggered the pivot point at $ 3,066. Now, the price found support at the black line, and this is no surprise. When a resistance is defeated, it works as a support in the future, according to the Principle of Polarity . But recently AMZN is moving sideways, and we see a H&S chart pattern . The neckline is the black line, so I believe this is the most important point for AMZN right now. If lost, it could easily bring AMZN to fill the gap at the red line ($ 2,961). Now, let’s see the daily chart: Amazon is quite flat, but the black line can be seen from here as well. Yesterday’s volume was very weak, and this is disturbing for those who are longing it. But pullbacks are acceptable, especially if a stock is in a strong long-term bull trend like AMZN. It would only create opportunities. Also, we may have an Inverted H&S in the daily chart, and if triggered, AMZN could hit the All Time High. But so far, neither of the patterns were triggered, and these are scenarios to work with. If you liked this analysis, please, support it! And follow me to keep in touch with my daily studies! My best regards.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
19
Cisco Momentum Trade on volume impetus (Range)Reasons for entering trade: LOCATION: Double bottom forming off of .618, not yet confirmed. Price currently between .618 and .786 from fib off of breakout and uptrend from 2017. MACD: Triple bullish Divergence (Market Structure in MACD) WILLY: Coming out of oversold (Market Structure in Willy) VOLUME: Green bar Impetus Notch in volume profile needs to be filled Huge gap needs price discovery At POC for support. Cons: No moving average convergence Would like to see price action form W at a little lower level between most recent .618 and .786 Fundamentally: Cisco is a leader in video conferencing, strong fundamentally against a backdrop of Covid isolation and quarantine. Unfortunately, lots of other very significant events happening in the US and globally that could disrupt and invalidate any TA. Trade: R/R 6.4:1 NASDAQ:CSCO Front run the double bottom formation and enter trade off of .618 @ $38.74. Set stop just below bottom of potential W formation at $37.44. Sell order at $45.79 for the whole position at a fill of the notch, a revisit to the gap, and a touch of volume high on volume profile. *Not trade advice, for entertainment purposes only. DYOR
NASDAQ:CSCOLong
by Cryptough
1