NVDA: Beware of these Support / Resistance Levels (H & D charts)NVDA shares are losing momentum after a powerful upward reaction this morning. It seems that as it approaches its resistance area, it is becoming difficult for NVDA to maintain its upward trajectory.
We had a good reaction near the Fibonacci retracements, which, as we warned in our last public study, was our main area of support. Now the price is trying to recover, but there are still some challenges ahead. The link to our previous analysis is below this post, as usual.
It's interesting to note that despite losing momentum, the price could still seek out the $487.61 region, a secondary resistance and previous top that can be seen on the hourly chart:
At the moment, there is no clear sign of a bearish reversal, but we should remain vigilant as the price is finding it difficult to break through the resistance of its Ascending Channel, as evidenced by the purple lines.
A correction down to the 21 EMA is plausible, but if the price loses this support, then we could see NVDA near the support of its channel again.
So, in the short term, it's all about the Ascending Channel, and in which direction there will be a breakout, as well as the 21 EMA. In the medium term, we should focus on the Fibonacci retracements, and the resistance at $487.
I must admit that I would like to see the price at $487 again, since that point has been a personal target for me since the first buy signal at $469: Ignition Bar + above the support of the ascending channel + breaking a pivot point + breaking the 21 ema on the 1h chart = Clear buy signal (to me, at least). However, depending on how the price reacts today, maybe the bullish thesis will be thwarted.
I’ll keep you updated on this, so remember to like this idea, and follow me for more analysis like this.
All the best,
Nathan,
Ignitionbar
PLTR: Could it fly to the All-Time High again? Complete MTFA.Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) looking at the 1h, D and W charts.
In the 1h chart, we have a strong bearish candlestick, and PLTR lost the 21 ema and it hit the 61.8% Fibonacci’s Retracement .If it confirms any bullish pattern, it could be an opportunity to buy, in my view, but so far, we have nothing interesting for the short-term.
The problem is that PLTR has been in a congestion since its earnings, but since we have a support level at $ 23.67, I don’t see PLTR reversing or engaging in a bear trend.
In the daily chart, we have a trendline connecting the previous bottoms, and despite the congestion after earnings, the bias is still bullish in the mid-term.
We are above the 21 ema (which is pointing up, btw), the volume is good, and we have no bearish structure around . Maybe this sideways correction will make the 21 ema catch up with the price, and this is ok.
In the weekly chart, we still have the idea of an Ignition Bar followed by a Gift pattern . If triggered, these patterns can trigger the pivot point in the weekly chart, at $ 27.47, and make PLTR fly to the ATH again. Given the fact we are in a bull trend in the mid-term,a nd we have no bearish structure around, this is a plausible scenario, but it is going to take a few months to materialize.
Let’s follow it closely from now. If you liked this idea, remember to follow me to keep in touch with my daily updates.
Have a good day.
PLTR: Complete study for the weekend (H, D and W charts)!Hello traders and investors! Let’s see how PLTR is doing today!
It is impressive, but today’s drop was just a pullback to the previous support at $ 23.69 (we hit $ 23.67), and it is reacting again. The movement was extremely technical, and it looks like a sideways correction , rather than a real sell-off.
When we look at the daily chart, we see that PLTR simple can’t drop, but since it wen’t up a lot after earnings, it can’t keep flying. A sideways correction is the best scenario for PLTR, and it is getting closer to the 21 ema now.
Since we are near the 21 ema in the daily chart, and we just retested the support at $ 23.69 in the 1h chart, I see a good buy opportunity on PLTR.
In addition, if you plan to hold PLTR for a while, the situation is looking great:
In the weekly chart, we have the classic Ignition Bar followed by a Gift candlestick pattern. The high volume reinforces this incredibly bullish pattern. I bought PLTR around the $ 20s with my followers, but if you ask me, there’s still time to buy it , even after it is going up almost 20% for us.
We have a pivot point at $ 27.47 (red line), and if PLTR defeats it, the $ 45 is the next technical target. Therefore, there’s a lot of room for PLTR to go up.
If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices.
Have a good weekend!
NIO: Could it reverse or not?Hello traders and investors! Let’s see how NIO is doing today!
First, we had a powerful candlestick today, which could be seen as an Ignition Bar , but it wasn’t triggered and it seems it is losing strength. Either way, we have a pivot point at $ 44.87 , and if defeated, this could cause a mid-term reversal on NIO.
For now, there’s nothing indicating that we’ll see something good around, but we have no bad news either. The $ 46.99 seems to be a strong resistance for us in the short-term, and a point to keep our eyes on.
In the daily chart, NIO is just struggling around its Fibonacci’s Retracements , and unlike other Chinese stocks like BABA, JD and PDD, it is not crashing. Point for NIO.
So far, the stock is quite resilient, and if it triggers the pivot point in the 1h chart, the odds are that it’ll trigger the Inverted Head and Shoulders chart patter n seen in the daily chart.
The neckline is the $ 46.99 which we talked about in the 1h chart. On the other hand, if we lose today’s low and seek the 61.8% retracement, then the bullish thesis will be completely ruined.
We have many key points to look at, and a long week ahead. If you liked this idea, remember to follow me to keep in touch with my daily updates, and please, support it if it helped you!
Thank you very much!
PLUG: Several bullish patterns around!Hello traders and investors! Let’s see how PLUG is doing today!
First, we had a Double Bottom triggered in the 1h chart, and the key point was the $ 30.40 – remember this point. What’s more, it did defeat this key point by doing a Breakaway Gap.
Now, the technical target is the $ 34.35, but since PLUG is quite far from its 21 ema, pullbacks are expected, but not required. If it drops again to its 21 ema, it would be an opportunity to buy.
Now, the daily chart:
Remember the $ 30.40? The market seems to remember this price level quite well, and it has been working as support/resistance since December last year.
Today’s volume is very good, and this might be an Ignition Bar. Although the short-term target is the $ 34.35, the daily chart suggests it could hit the $ 37.75, or even the $ 48.35 next. The gap (yellow square) can help to attract the price to higher levels.
Let’s see if this will be an Ignition Bar or not. Either way, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Thank you very much!
NIO: Trouble ahead?Hello traders and investors! Let’s see how NIO is doing today! It is dropping quite sharply, but let’s see if there’s any reason to be worried.
* It is a shame that our stream didn't work well. Last time everything occurred just fine. It seems Tradingview is not a reliable platform yet, but hopefully they will fix its glitches. *
First, in the 1h chart, NIO denied the Ignition Bar on Apr 30 – it wasn’t easy, it took several candlesticks, but it denied it for sure. This is not the best sign, as it shows a lot of weakness, but so far, NIO couldn’t close under the Ignition Bar’s low at any moment.
The stock is dropping thanks to a systemic sell-off, nothing directly related to any fundamental news. In addition, it seems it found a support level at $ 37.54, which was a previous resistance in the past.
This support is holding quite well for now. Let’s see if the daily chart offer more clues about what’s next:
NIO is dropping in the daily chart, but the volume of the bearish candlesticks is nothing amazing or worth noticing. This still indicates that this is not a real sell-off, but only an annoying congestion.
In the worst-case scenario, NIO will find the support around $ 34, if it doesn’t react quickly today or tomorrow . There’s a chance of a good reaction, if the Nasdaq stops dropping too.
For now, let’s calmly wait for the next opportunity. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped!
Thank you very much!
PLTR: Teaching Technical Analysis to us!Hello traders and investors! Let’s see how PLTR is doing today!
First, as we discussed in our last study, PLTR found a support level at $ 22.84, it reacted very well, a nd it broke the green line at $ 24.45 . This is a great sign, and likely PLTR will seek higher levels now. To check our last study, the link to it is below this analysis.
Yesterday’s movement was important because PLTR is now free from the previous congestion , and what’s more, it seems the $ 24.45 is going to work as a support next, following the Principle of Polarity .
Now, let’s see the daily chart:
In the daily chart, we see a nice Ignition Bar yesterday, breaking the 21 ema along with the $ 24.45, and a nice increase of the volume .
All of this, in addition to the bullish signs seen in the 1h chart, tells me that PLTR is going to fill the gap (yellow area) at $ 31.34. The only problem is if it is worth an entry point, and if the R/R ratio makes sense.
It seems we have a Gift pattern today, which is just a correction seen in smaller time frames, translating into a small black candlestick in the daily chart. This could offer an opportunity, indeed, but there’s a right way and a wrong way of trading Gifts, and we must wait until the end of the day for more definition.
If this analysis helped you, remember to like it! And I invite you to follow me to keep in touch with my daily updates.
Thank you very much!
PLTR: Should we worry about it?Hello traders and investors! Let’s talk about PLTR today!
The bull trend is very strong here, but is there any reason to worry about PLTR? Let’s see. First, I would use the black line at $ 33.50 as a guide , because if PLTR trades under it again, we may see a pullback ahead.
What’s more, if it loses this black line tomorrow, it’ll trigger a bearish pivot and a H&S chart pattern . The 21 ema worked as a resistance in the last few hours too, so this wouldn’t be a good sign for the short-term.
Let’s see if the daily chart has something else for us:
PLTR triggered an IH&S recently, when it defeated the black line at $ 28.07, and it did a powerful Ignition Bar, above the 21 ema, with good volume.
Now, despite the bearish signs in the hourly chart, I wouldn’t be too concerned here. See why the $ 33.50 is important? It was the previous ATH in November, and according to the Principle of Polarity , it is supposed to work as a support right now.
What’s more, even if PLTR loses this black line, the 21 ema is getting closer to the price, and this would be another support level, limiting the intensity of a sharper pullback here.
Also, the sudden increase of the volume is another very good sign, as the volume is the fuel to a trend. If we were having a sell-off, PLTR would drop with high volume. Since last month, I think PLTR is a nice buy, and you can check my previous analysis if you want, the link is below as usual.
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Thank you very much!
AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here.
The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity.
Now, let’s see the daily chart:
Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again.
This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful.
Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates!
Thank you very much!
PLTR: What could trigger a new bullish run here?Hello traders and investors! Let’s see how PLTR is doing today!
First, the hourly chart looks quite bearish, and right now, it is retesting the 21 ema, which is falling too. But we have this pink line, which is a support zone that could hold the price.
The volume is starting to increase again, which is a good sign, and today’s first candlestick could be an Ignition Bar, followed by a Gift pattern. If PLTR trades above the $ 25.90 again, it’ll be a great sign of strength, and PLTR could seek higher levels, like the $ 29.42.
Looking at the daily chart, we see a clear accumulation, and it looks like a giant Flag pattern as well.
Right now, PLTR is doing a Harami pattern above the support at the pink line, and if it closes above the 21 ema would be perfect. Usually, Flags are continuation patterns, so, the odds favor the bulls here.
For now, we must wait for these signs to be triggered before anything else, but if you like this analysis, remember to support it ! And follow me to keep in touch with my daily updates!
Thank you very much.
NIO: Bullish reaction at a support level!Hello traders and investors! Let’s see how NIO is doing right now!
Well, the support level we discussed last week at the red line ($ 42.51) seems to be very strong, indeed! NIO retested it on Friday, and today we have a good reaction, which is a good sign. The first hour candlestick could be an Ignition Bar, and the green line at $ 46.30 is a new Pivot Point . The link to my last analysis is below, as usual.
The 21 ema is flat, and it seems the price is starting to defeat it. If NIO defeats the green line, it could easily retest the pink line at $ 48.65 again, and this is another key point we all should keep in mind. Let’s look at the daily chart now:
The pink line is a Pivot Point in the daily chart, and if triggered, NIO could seek the All Time High again, and possibly defeat it.
The Piercing Line pattern is still valid, and today’s candlestick pattern looks like a Bullish Engulfing . If NIO closes this way, we’ll have a very good sign today. Anyway, the purple line is the last support level for NIO, and it is the Piercing Line’s low.
So far, there is no reversal sign and we have the start of a good reaction. And if you liked this analysis, follow me to keep in touch with my daily updates! And please, support this idea if it helped you!
Thank you very much.
NATU3 pullbackBMFBOVESPA:NATU3 after ignition bar 10 candles ago, NATURA is probably forming a pullback near the top.
PRIO3 ignition barBMFBOVESPA:PRIO3 the most beautiful signal today. PRIO3 after 8 days correcting, prices have found moving average 21 days and one day after gives a ignition bar. Traders that are used to buy ignition bar already entered in this position yesterday, and they will continue today.
