NVDA - Rising Trend Channel [MID TERM]- NVDA is in a rising trend channel in the medium long term.
- NVDA is moving within a rectangle formation between support at 262 and resistance at 279.
- A decisive break through one of these levels indicates the new direction for the stock.
- NVDA has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 178.
- Further rise to 300 or more is signaled.
- NVDA is approaching's resistance at 290, which may give a negative reaction.
- However, a break upwards through 290 will be a positive signal.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
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Midterm
DPZ - Falling Trend Channel [MID TERM]- DPZ is in a falling trend channel in the medium long term.
- DPZ has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- DPZ has broken up through resistance at 326.
- In case of negative reactions, there will now be support at 326.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
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ALGN - Rising Trend Channel [MID TERM]- ALGN is in a rising trend channel in the medium long term.
- ALGN has broken an inverse head and shoulders formation.
- There is no resistance in the price chart and further rise is indicated.
- In case of a negative reaction, the stock has support at approximately 300.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
UAL - Rising Trend Channel [MID TERM]- UAL is in a rising trend channel in the medium long term.
- The stock has broken a double bottom formation.
- A decisive break of the resistance at 44.25 will signal a rise to 47.11 or more.
- The stock has marginally broken up through resistance at 46.00.
- An established break predicts a further rise.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Chart Pattern:
- Double Top - DT
- Double Bottom - DB
- Head & Shoulder - HNS
- Rectangle - REC
- inverse head & Shoulder - iHNS
Verify it first and believe later.
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MA - Horizontal Trend Channel [MIDTERM]- MA is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- The stock is approaching resistance at 380, which may give a negative reaction.
- However, a break upwards through 380 will be a positive signal.
RSI is above 70 after a good price increase the past weeks.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The stock is overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Chart Pattern:
- Double Top - DT
- Double Bottom - DB
- Head & Shoulder - HS
- Rectangle - REC
- inverse head & Shoulder - iHS
Verify it first and believe later.
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V - Rising Trend Channel [MID TERM]- V is in a rising trend channel in the medium long term.
- The stock has broken up through resistance at 231.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The stock is overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
UBER - Rising Trend Channel [MidTerm]- UBER is in a rising trend channel in the medium long term.
- The price has reacted back after the break of the rectangle formation.
- There is support around 29.76, which now indicates good buying opportunities.
- The stock has broken down through support at 31.60.
- RSI diverges positively against the price, which indicates a possibility for a reaction up.
- The RSI curve shows a rising trend, which supports the positive trend.
- The stock is overall assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
BTC - Levels to watch! Just my 2 centsBTC had some really nice gains within the last months, however the price ranges below the 2021 June lows as well as the C-19 created trendline which has formed the overall uptrend back in 2019 for the last bullrun.
As for my personal TA a local top could be in at around $30250 -$DXY is in support levels as well. If the price of BTC is unable to flip these levels into support i'm expecting a extended retracement at least into the $25500 pricerange, maybe touching $24500 to confirm this level as new mid-term support.
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Not financial advice, take my notes with a grain of salt!
HSI - Falling Trend Channel [MID TERM]- HSI is in a falling trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 22780, ideally with an increase in volume, signals a further rise.
- The index has support at points 19500 and resistance at points 22600.
- The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well.
- The index is overall assessed as technically slightly negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
ETHUSDT - Rising Trend Channel- ETH is in a rising trend channel in the medium long term.
- ETH is testing resistance at 2000.
- This could give a negative reaction, but an upward breakthrough of points 2000 means a positive signal.
- ETH is assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
BTCUSDT - Rising Trend Channel- BTC is in a rising trend channel in the medium long term.
- There is no resistance in the price chart and further rise is indicated.
In case of a negative reaction, the currency has support at approximately 25000.
- RSI diverges negatively against the price, which indicates danger of a reaction downwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
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WM - Broken Failing Trend Channel- WM has broken the falling trend channel in the medium long term and reacted strongly up.
- The price has broken the resistance at 164 of a rectangle pattern, which signals a further rise.
- The stock has support at 155 and resistance at 170.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Continuation Wedge (Bullish) | 46% move possibleDirexion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of $31.00 - $33.00. The pattern formed over 17 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
LULU - Broken Failing Trend Channel- LULU has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- The price has risen strongly since the positive signal from the double bottom formation at the break through resistance at 325.
- Between support at 352 and resistance at 385.
- RSI is above 70 after a good price increase the past weeks.
- The stock has strong positive momentum and further increase is indicated.
However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
- Overall assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
RBLX - Rising Trend Channel [MID TERM]- RBLX shows strong development within a rising trend channel in the medium long term.
- The stock is testing resistance at 47.
- Volume tops and volume bottoms correspond well with tops and bottoms in the price.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
WMT - Rising Trend Channel [MID TERM]- WMT is in a rising trend channel in the medium long term.
- WMT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- WMT has broken up through resistance at 146.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
SHOP - Rising Trend Channel [MIDTERM]- SHOP is in a rising trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise.
- SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44.
- SHOP is between support at 42 and resistance at 53.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
MCD - BROKE Falling Trend Channel- MCD has broken through the ceiling of a falling trend channel in the medium long term.
- The price has broken through the ceiling at 272 of a rectangle pattern.
- A decisive break will signal a further rise to 286 or more.
- There is no resistance in the price chart and further rise is indicated.
- In case of a negative reaction, the stock has support at approximately 260.
- The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
ORCL - Rising Trend Channel [MIDTERM]- ORCL shows strong development within a rising trend channel in the medium long term.
- It also gave positive signal from the double bottom formation at the break up through the resistance at 79.52.
- Further rise to 96.32 or more is signaled.
- ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- ORCL has marginally broken up through resistance at 90.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
CSCO - Horizontal Trend Channel- CSCO is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- CSCO has broken an inverse head and shoulders formation.
- A decisive break of the neckline at approximately 50 will signal a further rise to 64 or more.
- It also gave positive signal from the rectangle formation at the break up through the resistance at 49.
- Further rise to 52 or more is signaled.
- The stock has broken up through resistance at 50.
- In case of negative reactions, there will now resistance be support at 50.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
NFLX - Broke Rising Trend [MIDTERM]- NFLX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
- NFLX has marginally broken up through resistance at 300.
- The short term momentum of the stock is strongly negative, with RSI below 30.
- This indicates increasing pessimism among investors and further decline for NFLX.
- However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
CRM - Breakout Falling Trend [MIDTERM]- CRM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- CRM has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 177.
- Further rise to 233 or more is signaled.
- CRM is approaching's resistance at 192, which may give a negative reaction.
- However, a break upwards through 192 will be a positive signal.
- Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
NVDA - Breakout Rising Trend [MIDTERM]- NVDA has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate.
- The positive development, however, may give rise to short term corrections down from today's level.
- It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 178.
- Further rise to 300 or more is signaled.
- NVDA has support at 214 and resistance at 290.
- Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️