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TSLA: Bull Trend Pullback - Watch Out for These Key Points!• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback; • As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual); • So far, it seems this is just a pullback, as there’s no bearish reversal structure on TSLA yet; • If TSLA loses the $177, then it might frustrate the bullish sentiment; • On the weekly chart, TSLA is still inside a Descending Channel, and it seems it found a resistance at the upper trend line again; • Therefore, TSLA just reached a key resistance level this week. If it breaks this resistance in the next few days, we will see a meaningful bullish reversal pattern being triggered on the weekly chart, reversing the long-term bearish sentiment seen since 2021. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: About to Trigger an Insane Chart Pattern.• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post); • Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target; • The problem is that it isn’t dropping properly. Despite the drop this morning, the candlestick is still bullish, and this opens room for the possibility of a sideways correction, opposing the idea of a price correction to its 21 ema; • Either way, as long as the index remains under 4,195, it’ll be very difficult for it to resume the bullish bias; • Yes, the trend is bullish, as the index is doing higher highs/lows and it is above the 21 ema; • Long-term speaking, there’s an Ascending Triangle chart pattern on it, and the index has just reached its resistance line; • Therefore, any short/mid-term correction is plausible, however, if the index breaks this resistance line, it’ll trigger this pattern; • The technical target of an Ascending Triangle is the distance between the first bottom and the resistance line projected in the direction of the breakout. This suggests a target around 5k – remember, this is the weekly chart; • It all depends on how the index will react from here, now that it just reached a critical resistance level. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: This is Why it Can Explode (Even More).• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember, pullbacks are different than reversals; • This happens because the trend is still bullish, as TSLA stock is doing higher highs/lows since April 27, and it is clearly above the 21 ema now; • Any pullback to the $177 area again wouldn’t be the end of the world. In fact, when the trend is bullish, any bullish reaction around a support level must be considered an opportunity to buy/add positions; • On the weekly chart, TSLA is on the verge of triggering a Flag chart pattern. This pattern wasn’t triggered yet, but if we see an upwards breakout, then we’ll see a long-term bullish reversal pattern getting triggered for the first time since 2021; • If triggered, this Bullish Flag could easily take TSLA above the $300, long-term speaking; • TSLA is almost hitting the upper trend line, which is another technical resistance level. • Therefore, it all depends on how TSLA will react now that it reached its resistance levels, mid-term speaking. So far, no top signal around, and TSLA looks very promising. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
TSLA: Another Target Hit. Be careful now.• Today TSLA hit our technical target at $177.65, successfully filling the previous gap; • Now, it seems it is starting to lose momentum, but it is too soon to tell if we’ll trigger a top signal around this resistance (like a Shooting Star pattern, or maybe a Gravestone Doji?); • If yes, then a pullback is likely to happen, but as long as TSLA remains above its 21 ema, the main bias will remain bullish; • On the weekly chart, it is easy to see why it is losing momentum, as we just reached the 21 ema; • The 21 ema on the weekly chart is always a secondary key point to me, and I always prefer to work with support/resistance lines seen on the price, but sometimes this indicator reinforces our reading; • It would be important to see TSLA closing above $177.65 today, in order to improve the chances of a bullish continuation. Again, it all depends on today’s close. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
TSLA: Approaching its Climax.• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line); • So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here; • On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this case, it could easily seek the $200 next. • The $200 area is close to the upper trend line of the Descending Channel seen on the weekly chart; • Despite the mid-term rally seen on the weekly chart, the long-term trend is still bearish, and TSLA has to break this channel upwards in order to confirm a long-term bullish reversal structure; • The main support area is around the $164 (red line), as if TSLA loses this key point, it might frustrate the mid-term bull trend; • So far, everything seems under control. It all depends on how TSLA will react around the $177, its next climax. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
AAPL: Big correction ahead? Only if it does this...• AAPL just reached a short-term support line on the 1h chart, around $170.93; • This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3; • So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main resistance line of this congestion; • Although AAPL is correcting on the 1h chart, the daily chart is still very bullish. We see nothing but higher highs/lows and AAPL is trading consistently above the 21 ema; • In theory, it could correct a little bit more, to the 21 ema, and that wouldn’t ruin the bull trend. The 21 ema is at $169.43 now; • Therefore, the area around $170.93 (1h) and $169.43 (D) is a dual-support area on two different time frames. Only if AAPL loses this dual-support area we would see a sharper correction, maybe even a top signal on the weekly chart: • However, as long as AAPL maintains its bullish structures up, there’s no reason to concern. I’ll keep you updated on this. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
TSLA: Bottom nailed! What's next on it?• TSLA did a powerful bottom sign just after it hit the $165 support line, the key point that I mentioned yesterday, on our previous analysis (link below this post, as usual); • Now, TSLA is trigged a short-term reversal structure, as it did a higher high/low, breaking a pivot point at $169.51, and it is above the 21 ema (which is pointing up now); • So far, there’s no top signal indicating a possible correction, and since TSLA reacted above our support level, it is avoiding a sharper correction, for now. • On the daily chart, TSLA is still bullish, as it has been following the pattern of higher highs/lows, and our key support at $165 did an amazing job yesterday; • In addition, TSLA broke the 21 ema resistance today, which was acting as a resistance yesterday (yesterday’s high was just at the 21 ema); • The next technical resistance is at $177, which is the previous high and the trigger point of another bullish pivot point. By breaking this pivot point, TSLA will resume the bull trend and seek higher levels, probably around $200; • Lastly, the gap at $177.65 wasn’t filled yet, so TSLA has more upside left. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
SPX: A Short-Term Congestion | What's Next?• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart, indicating that it has decent chances of resuming the bullish sentiment – it just has to break the 4,148 to confirm this thesis; • In this scenario, mid-term speaking, the next technical resistance at 4,195 would become our next target; • For now, let’s wait for more signals. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: Last Chance to React.• TSLA is once again reacting above our key support line at $165, which we already mentioned yesterday (the link to my previous analysis is below this post, as usual); • Only if TSLA loses the $165 we would see a sharper correction ahead, probably to fill the previous gap around $161 (yellow square); • On the daily chart, we see why the $165 is so important: This key point was a previous resistance level, and now it is acting as a support (Principle of Polarity); • By losing this key support, TSLA would reject the previous bullish pivot point (previous higher high/low), making a new low; • In this case, the mid-term target is at $154. I’ll keep you updated on this, as usual. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
NVDA: Inside a Dangerous Trap Zone.• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next resistance is only at $313; • The bias is already bullish, and NVDA is in a bull trend, because it is doing higher highs/lows and it is above an ascending 21 ema. Therefore, an upwards breakout is more likely; • However, what if it loses the 21 ema? In this case, the next technical target is the $272, which is the trigger point of a possible Double Top chart pattern. • There’s a Descending Channel on the 1h chart, and if NVDA breaks it upwards, it’ll just reinforce the bullish sentiment; • By losing it downwards, NVDA would probably lose the 21 ema on the daily chart as well, and the next technical target is the $272 (black line); • As mentioned above, the $272 is a trigger point of a Double Top pattern, on the daily chart, and the technical target for this pattern is the $262 area (blue line); • Therefore, it all depends on how NVDA will react from here, and to which direction the breakout of the Trap Zone will occur. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1
TSLA: Dangerous Top Signal.• TSLA hit our target area last Friday, around $177, and it is now triggering a Bearish Engulfing candlestick pattern on the daily chart. I mentioned this target on our previous TSLA analysis – link below this post; • The problem is that TSLA triggered this Bearish Engulfing under the $177 resistance, and it is back under the 21 ema as well, indicating that TSLA is very weak at the moment; • On the daily chart, the next support area is around $154 (black line). • On the 1h chart, there’s a short-term support line at $165, which was a previous resistance level; • Below this support, there’s an open gap at $161, and another support line at $158. For now, it appears the $165 line is our main support level, as TSLA is trying to react this morning. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: A Dangerous Signal Appears.• The SPX failed in breaking the resistance at 4,148, which is the neckline of an IH&S chart pattern; • If it loses the 21 ema, it might frustrate this pattern, and in this case, we would seek lower levels on the daily chart: • The index could hit its 21 ema next, if it keeps losing momentum on the 1h chart, while the main support is at 4,048; • The 4,048 is another neckline of a possible H&S chart pattern on the daily chart, and only if the index loses this key point it is going to really turn bearish. For now, pullbacks are plausible, especially if it does a top signal under the 4,148 on the 1h chart. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Turning Bullish Again.• TSLA stock looks impressive, as it is doing an important reaction today, trying to reject the Hanging Man candlestick pattern from Monday; • In theory a Hanging Man pattern is a famous top signal, however, evidence suggests that this pattern acts as a bullish continuation roughly 59% of the time (BULKOWSKI, Thomas. Encyclopedia of Candlestick Patterns, p. 365); • Now, TSLA is trying to resume the bullish momentum. To reject any possible top signal, it is important to see it breaking Monday’s high as soon as possible - otherwise, it might lose momentum; • What’s more, it seems it is heading to its next technical target, the open gap at $177. • The weekly chart suggests a bounce to higher levels, maybe to the purple trend line again; • This thesis will be valid as long as the daily chart maintains its bullish bias, and keeps above its 21 ema; I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
NIO: Trading in a Dangerous Area; Watch Out For These Key Points• NIO is trying to reverse the trend on the 1h chart, as now it is above the 21 ema, which is ascending; • What’s more, NIO just filled one of its gaps at $8.29, but it seems this area is acting as a resistance now; • The problem is that we don’t see a clear bullish structure, like a higher high/low yet. This gives the impression that this was just a short-term rally, not a real bullish reversal; • To make things worse, NIO is on the verge of losing its previous support line at $8.03, and this could completely frustrate this rally; • Therefore, NIO must close above this key point today, in order to avoid a bearish continuation; • On the other hand, it seems that the $8.29 is our key resistance, and only by breaking it, NIO would actually turn bullish again. In this case, it could fill all the previous gaps and hit the $9.47 again. • On the daily chart we see that the 21 ema acted as a resistance, and NIO failed in breaking it. This 21 ema is at $8.33 right now, close to the $8.29 seen in the 1h chart, making this area a dual-resistance level; • Therefore, it is crucial for NIO to break this resistance as soon as possible, in order to trigger a meaningful bullish pattern. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NYSE:NIO
by Nathan_The_Finance_Hydra
2
SPX: Many Powerful Patterns | Complete Trend Analysis.• The SPX did a Double Bottom chart pattern, just above the 4,048 support area, indicating that it is poised to seek higher levels from here; • The trend is still bullish, and only if it performs a clear lower high/low we would see this changing – meaning, if the index is about to reverse, the confirmation will come if it loses the 4,048; • For now, it appears it is seeking the next resistance at 4,195. There’s no bearish reversal structure or top signal indicating that it would frustrate this bullish momentum yet. • In the weekly chart, it seems the index is inside an Ascending Triangle chart pattern. By breaking the 4,195 (the next technical resistance seen in the daily chart), the index will trigger a powerful bullish reversal pattern; • The previous 2 candlestick patterns are Hammers, with long shadows under their bodies, which reinforces the bullish sentiment; • Again, the index would have to lose the 4,048 in order to frustrate this sentiment. So far, it is still a bull trend. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: Complete Multiple Time Frame Analysis (H, D and W charts).• After breaking its main resistance lines in the 1h chart, TSLA is in a bull trend, doing higher highs/lows, while trading above the 21 ema; • Since the short-term momentum is bullish, it should hit its next technical target at $177.65 – in theory; • The previous resistance at $169.60 (red line) seems to be acting as a support level today, which corroborates the Principle of Polarity in technical analysis, which states that previous support levels will work as future resistance levels and vice-versa; • Only if TSLA loses this red line, we might see this bullish momentum frustrated, in the short-term. • In the daily chart we see that TSLA just broke its 21 ema, indicating that it wants to reverse the mid-term bear trend; • What’s more, the 21 ema is very close to the red line seen in the 1h chart, making the area around $170 a dual-support level in different time-frames; • In addition, the $177.65, the next technical resistance line seen in the 1h chart is an open gap seen in the daily chart, from the previous earnings; • As long as TSLA keeps trading above its dual-support level, no pullback or reversal will materialize, and the bull trend will persist. • Since TSLA is bouncing after it hit a critical support line in the weekly chart at $164 (red line), in theory this bounce should persist, even considering the possibility of a short-term pullback; • Only if it loses the $164 we would see the recent bullish signals frustrated; • In this case, we could easily close the gap at $146, as seen in the daily chart. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
NVDA: Reached a Critical Turning Point | Weekly Analysis.• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it; • The 21 ema, the first support level, has been acting as a good support level this year; • The $262 is a key support level, and only if NVDA loses it we might see a further correction, maybe to the $244; • There’s one problem with this bull trend, though, which is the previous resistance at $289 (green line). NVDA has yet to break this key point, which is a quite important one, especially if we see it in the weekly chart. • The $289 is a previous top level from March 2022, and this is why if NVDA triggers any top signal around this area we could see a sharp correction; • Keep in mind, the trend is very bullish, as this year, NVDA did an upwards breakout from a Descending Channel and it triggered an IH&S chart pattern; • However, any top signal could trigger a correction to the 21 ema in the weekly chart again, and this wouldn’t ruin the bullish momentum in this time-frame; • So far, there’s no top signal or bearish structure indicating a pullback, and NVDA has everything to retest its ATH again, but we must keep our eyes open in this area. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
NVDA: 2 Top Signals Under a Powerful Resistance - What's Next?• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual); • It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is still above the 21 ema; • Despite this correction, there’s no clear technical bearish reversal pattern around; • The 21 ema is supposed to act as a support now, but if it doesn’t, the main support line is the 262 – only by losing this line NVDA might reverse the mid-term trend and trigger a sharper pullback in the weekly chart. • In the weekly chart we see that the candlestick is quite bearish – so far, it is a Shooting Star, and it appeared right under the 289 resistance (green line), another top signal, if it closes this week looking like this; • If NVDA loses its key support level in the daily chart, a sharper correction in the weekly chart is plausible, and the 21 ema would be our next target; • Even a correction to the 21 ema wouldn’t ruin the long-term bullish bias, however, it would frustrate the bull trend in the daily chart; • For now, let’s pay attention to how NVDA is going to react now that it is close to the 21 ema in the daily chart. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
SPX: Dangerous Correction - What's Next?• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema; • We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart; • Now we see a bullish reaction above the 21 ema, which is a bullish sign, however, the 1h chart suggests that a bullish reversal won’t be that easy: • The SPX is struggling to break the 21 ema, which is working as a resistance level, short-term speaking; • If this resistance works, and we see a top sign confirmed, the index could correct to lower levels, like the 4,049, the next support line in the 1h chart; • In order to see a bullish continuation to the 4,200 it would be good to see the SPX breaking the 21 ema in the 1h chart, and doing a clear bottom signal in the daily chart as well; • For now, there’s no clear bullish reaction, so let’s wait for more confirmation. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: A Bottom Signal (Finally)?• TSLA has finally made a bottom signal above the support line at 154.76, indicating that it should jump to higher levels; • The problem is the key point around 164, a previous support level that is acting as a resistance now. This is the same key point we mentioned in our previous TSLA analysis – the link is below this post, as usual; • Also, despite the bearish signal, there is no bullish reversal signal (two different things) - as long as TSLA remains below 21 EMA, sentiment will remain bearish (medium-term); • If TSLA loses support at 154.76, that would frustrate this bottom signal, and TSLA would just fill the gap at 146 next. • On the 1-hour chart, we see that TSLA is reversing the trend, as it is making higher highs and higher lows. The 21 ema is still flat, and price is dancing around it, but TSLA has given us some promising signals in this time-frame; • The line at 157 was the trigger point of a Double Bottom chart pattern (as evidenced by the red lines), and that line appears to be acting as support now; • To see TSLA jump to higher levels on the daily chart, it must confirm a continuation on the 1-hour chart, which means it must react as soon as possible, preferably above the 157 line - otherwise, this bullish thesis may be frustrated; • For now, the two key points are the support at 157 and the resistance at 164. A breakout in either direction could bring something new for us. I will keep you updated on this. I will keep you updated on this. Remember to follow me for my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
13
SPX: This Could be a Bottom - If Confirmed.• The SPX is doing a bullish reaction today, which could become a bottom signal and a possible bullish reversal – but it is too soon for this; • Since the SPX lost the 4,078 support line, it was supposed to hit the next support line around 4,039. However, it is did bullish reaction in a “no man’s land”, and now it is trading above the 4,078 again; • I say it is a “no man’s land” because it is reacting exactly between the 4,078 and 4,039 support lines; • What’s the problem with this bullish reaction? The SPX is still struggling to break a few key resistance levels. As seen in the daily chart, the 21 ema is holding the price. • In the 1h chart, the trend is still very bearish, as the index is still doing lower highs/lows, and it is below the 21 ema – which by the way, is also acting as a resistance today; • Therefore, this bullish reaction could be just a bounce to the 21 ema, before another drop to the 4,039; • In addition to the 21 ema, in the 1h chart, we see the black line at 4,113, and a purple trend line connecting the previous top levels on it. Both lines are supposed to act as resistance levels; • The SPX could reverse, but it just won’t be easy, as it has yet to break its short-term resistances in order to trigger a bullish reversal pattern. Only then, we can go on and say that the index is confirming a bottom, and the 4,170s will be our next target. For now, let's wait for confirmation. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
NVDA: Powerful Bearish Rejection.• Yesterday, NVDA did what seems to be an Exhaustion Bar, a massive bearish candlestick around a support level, far from its resistance, after the pullback was already materialized; • Today, we see a bullish reaction, and NVDA is bouncing away from its support at 263, and it is breaking the 21 ema as well, trying to reject a very bearish scenario. • The 263 is a very important support level because it is the trigger point of a Double Top chart pattern. By losing this key point, the 244 would be our next stop, and NVDA would reverse the bull trend. We already discussed this possibility in my previous NVDA analysis (link below this post); • The trend is still bullish, as NVDA isn’t doing lower highs/lows yet; • In the weekly chart, NVDA has been moving sideways for five weeks now, but it has yet to hit its technical resistance at 289; • In theory, NVDA could correct to the 21 ema in the weekly chart and this wouldn’t ruin the long-term bullish bias; • So far, the situation is under control and NVDA is still above its key support line. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
SPX: Reaching Important Support Lines.• SPX lost a support line at 4,113, and it seems it wants to engage a bearish momentum; • The bias was already slightly bearish, as the index has been doing lower highs (purple line). But now, it is losing a key support line, indicating that it wants to seek lower levels, at least in the short-term. • In the daily chart, the index is about to hit its 21 ema, which is a technical support level and our target since our previous analysis (link below this post); • Unlike the 1h chart, the daily chart is still very bullish, as the index is still doing higher highs/lows, and it is above the 21 ema; • This suggests that the index is supposed to hit the next resistance at 4,195, but it is important to do a bullish reaction as soon as possible above its 21 ema to confirm a bottom signal - so far, no bottom signal yet; • If the SPX loses its 21 ema, then it might seek the next support line at 4,078, a multi-support/resistance line. Only by losing the 4,078 the index would frustrate the bullish bias. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2