Market Behaviour in this week!In this week, we see the market is doing good in the first 1 or 2 hours of the main session, and then all the gains wipe out!
Be careful..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Moshkelgosha
A review on yesterday post!I published this yesterday:
These stocks are better to keep on your short watchlist in the coming days!
Options traders could also think about Puts!
and I also publish this as well:
These charts have common features:
1-They are all Giant Tech companies! (except RBLX )
2- They have above-average price volume!
3- They had a bullish rally recently!
4- They start the day well but closed at the lowest daily trading price!
5- They are among the top 10 daily Price Volume leaders!
6- They made long upper shadows and some made a long bearish engulfing pattern!
Having said that Do not expect good days ahead for techs!
Corrections seem inevitable!
I also published an analysis on RBLX, Tesla, and ARKK:
Also bullish view on Oil:
From the statistical point of view, the chance of being correct 16 times out of 16 times is: 1 * 2 power 16 which means:
once in 65536! or 0.0000152587890625
This is far away from a random phenomenon with a 50% chance!
And not achievable without having rules!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Where is Oil support?The oil price has reached 62.46, as was predicted in the previous analysis!
This level could be a very important support level, and I am looking for a possible reversal sign here!
One good option could be:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Meta Platforms price target for the comming week!FB could move toward 325-320once again and this means put options have high return potentials this week!
Important price patterns in the Multi-Timeframe Analysis:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AMD price target for the comming week!AMD could move toward 150 once again and this means put options have high return potentials this week!
The previous analysis is still valid..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
This information would be my gift for the end of the year!If you search the net and youtube, you will find lots of analyses that Palantir will go to the moon, Mars, or whatsoever!
But I think this level could be a safe entry for the next 12 weeks!
While everyone buys PLTR because of ARK investment, I would like to buy because Reniacence technologies increased its position by 1519.13% on September 30!
However, I am buying this 20% cheaper !
This post is dedicated to the American mathematician Leonard E Baum, who was the master of buying the dip according to James H. Simos..!
Entry: 20.50
Stop loss: 20
Reward/Risk: 14
Target range: 27.5
Time Frame: 12wks
Possible gain:34 %
Possible loss: 2.44%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
S&P 500 more correction could be Likely in December!Yesterday, S&P 500 lost 1.9% and closed below 50EMA, it also made 3 outside down patterns in the weekly candle and gravestone Doji in the monthly candle!
So far we have a constellation of Bearish patterns in Daily, Weekly, and Monthly charts! However, SPX is -3.77% away from the all-time high, and all previous corrections were below 10% since March 2020!
I think another 2 - 2.5% correction could be very likely in December! Do not forget in between we will have positive days!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
www.investopedia.com
www.investopedia.com
Previous related analysis:
keep it on your Long watchlist!Overall trend Bullish
The correction could finish soon and it may start another bullish move soon!
Based on the previous behavior:
Bullish moves: 24-58%
Corrections: 16-30%
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You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
More detail will be published soon!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Alarming Signs in NASDAQ!There are two different alarming signs in 2 different time frames:
Daily chart: Possible head and shoulders..!
Weekly chart: Bearish Engulfing
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.(Investopedia)
In some references, the reliability of the Head and shoulder pattern is around 80-85%.
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle).(Investopedia)
In some references, the reliability of the Bearish Engulfing pattern is around 79% .
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
reference article:
www.investopedia.com
www.investopedia.com
Omicron Pushed Oil below 77 once again!Oil slipped 12.63%, the biggest decline since April 2020, and now trading at 72.5 USD/Barrel.
I think 75-77 is playing the resistance rule once again and OIl could go down to 62 by the end of 2021 if more countries start lockdowns and travel restrictions!
The most probable scenario could be fluctuating between 62-77 in the coming weeks.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Google possible price target for the coming week!GOOG could move toward 2750 once again and this means put options have high return potentials this week!
Important price patterns in the Multi-Timeframe Analysis:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site
Microsoft possible price target for the coming week!MSFT could move toward 320 once again and this means put options have high return potentials this week!
Important price patterns in the Multi-Timeframe Analysis:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site
Possible price target for the comming week!Apple could move toward 153-151 once again and this means put options have high return potentials this week!
Important price patterns in the Multi-Timeframe Analysis:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Panic attack..!Once again COVID caused a panic sell-off in the markets!
I believe this is too early to talk about the worst-case scenario! because the information about this new variant is limited!
however, this limited information was enough to cause a sell-off while US players are mostly on holiday. So, the low volume could cause high negative volatility!
According to Nature:
Researchers in South Africa are racing to track the concerning rise of a new variant of the coronavirus that causes COVID-19. The variant harbors a large number of mutations found in other variants, including Delta, and it seems to be spreading quickly across South Africa.
A top priority is to follow the variant more closely as it spreads: it was first identified in Botswana this month and has turned up in travelers to Hong Kong from South Africa. Scientists are also trying to understand the variant’s properties, such as whether it can evade immune responses triggered by vaccines and whether it causes more or less severe disease than other variants do.
A World Health Organization (WHO) expert group will meet on 26 November, and will likely label the strain — currently known as B.1.1.529 — as a variant of concern or variant of interest, Tulio de Oliveira, a bioinformatician at the University of KwaZulu-Natal, said at the briefing. The variant would likely be named Nu — the next available letter in the Greek alphabet naming system for coronavirus variants — if it is flagged by the WHO group.
Researchers also want to measure the variant’s potential to spread globally, possibly sparking new waves of infection or exacerbating ongoing rises being driven by Delta.
But do not forget:
1- 24 % of the population are fully vaccinated in South Africa
2-There’s no evidence the new variant, with “some mutations that are raising some concern,” is already present in the U.S. (Dr.Faucci)
3- 53.9% of the world population has received at least one dose of a COVID-19 vaccine.
7.85 billion doses have been administered globally, and 29.06 million are now administered each day.
Only 5.6% of people in low-income countries have received at least one dose.
Reference Article:
ourworldindata.org
The large pump and dump scheme..!I have written about it many times!
While many people think market manipulation happens as a Pump and Dump, I noticed it is actually more common to happen as:
Dump-Pump-Dump!
It seems there will be no more Dump..!
Now we should look for the Pump phase!
PLTR is now ranked 7 on WSB..!
for more information read the below article!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Low risk entry!Entry: 39.70
Stop loss: 38.88
Reward/Risk: 6.95
Target range: 45.40
Time Frame: 4wks
Possible gain: 14.36%
Possible loss: 2.07%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
low risk entry!Entry: 19.35
Stop loss: 18.93
Reward/Risk: 6.36
Target range: 22
Time Frame: 4 wks
Possible gain: 13.18%
Possible loss:2.17 %
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Oil reaction to support level!Oil correction happened as predicted, now we are looking for the price action and sign of reversal!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
What happend before and after Thanksgiving day!In this analysis, I want to review S&P500 performance in the week before and after the past 11 years Thanksgivings!
2020: +2.58% gain before Thanksgiving and -1.37% drop after that!
2019: +1.16% gain before Thanksgiving and -2.64% drop after that!
2018: -3.68% drop before Thanksgiving and +4.96% after that.
2017:+0.68% gain followed by another 2% gain
2016: +0.84% gain followed by -1.17% decline!
2015: Neutral..!
2014: +0.4% gain followed by -1.26% drop!
2013: +0.26% gain followed by -1.9% decline!
2012: +3.57% followed by another 2% gain
2011: -4.69% decline followed by 7.62% gain
2010: 0.02% gain followed by -2% decline!
Conclusion: the most probable scenario is Neutral to Bullish in the next 3 days and a correction after the holidays!
In one of my previous analyses, I mentioned market does not like long weekends on September 2nd and we see a correction after Labors day..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Airlines have buyers at these prices!Looking at the trading volume you can see all Major airlines traded with above the average volume at these prices!
I think in the next 4-6 weeks they have the potential to gain +10%!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Wall Street Bets helped Apple took the throne back !Microsoft was the biggest company in the world for a few weeks! Now, Apple is back at the top of the list of the highest market cap companies!
and could widen the gap with MSFT in the coming days!
I think AAPL is moving toward 170..!
Now let's look at the important levels for the top 12 mentioned tickers on wall street bets! where AAPL is ranked 6th!
Rank 1-6:
Rank 7-12:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Keep Palantir in your Buy watchlist..!Trading based on evidence!
Palantir tends to oscillate between 21-27..!
I know you may think it will go to the Moon!
But I think trading the reality will have better results!
I will keep watching this for a potential reversal pattern around 21!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.