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TSLA: Complete Multi-Time Frame Study (H, D and W charts).• TSLA is about to correct today, however, we have yet to see a true breakout from our Trap Zone, which we analyzed in details on my previous public study on TSLA yesterday (link below this post, as usual); • Short-term speaking, if TSLA loses the 38.2% retracement, the next technical support is the 61.8% retracement. Usually, when TSLA finds a support at the 38.2% retracement (like it did on Jan 10), just to lose it afterwards, it ignores the 50% and seeks the 61.8% in a single move – this is not a rule, though; • The 61.8% is at $110. Keep this in mind, as we’ll get back to it near the end of this post; • Either way, the fact that TSLA is losing the 21 ema is another indicator that reinforces a bearish sentiment; • Could TSLA reverse the bear trend and seek higher levels? Sure, but as long as it stays under the $123, we won’t see any meaningful reversal; • The problem is that TSLA is in a bear trend in the daily chart, and even if it breaks its short-term resistance at $123, it has many other mid-term resistances; • We see the 21 ema as the first resistance, and beyond it, the Fibonacci’s Retracements; • In addition, although TSLA is trying to find a bottom, there’s no clear bullish reversal structure: No double bottom, IH&S, Cup & Handle… Not even a bullish pivot point; • In the weekly chart, TSLA confirms a bottom sign, as it triggered last week’s Hammer, but although it is a bottom sign, indicating a possible bounce, this isn’t a true reversal sign; • Remember the $110, the 61.8% retracement in the 1h chart? It is a key support level that has been holding TSLA’s price, and it is a support level from Sep 2020; • The mid/long-term bear trend would only resume if it loses the $110; • Therefore, these are the key support/resistances to watch from here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
TSLA: TRAP ZONE! 👀• TSLA is still trading inside a “Trap Zone”, between the support level at the 21 EMA, and the resistance level under $123. Since the 21 EMA keeps climbing, it’ll squeeze the price in a tighter range as time passes, and soon, it’ll have to do a breakout; • If TSLA does a downwards breakout, and loses the 21 ema, probably it will seek the 61.8% Fibonacci’s Retracement again (at least); • This could be the bullish reversal structure that could reverse the bearish sentiment we mentioned in our previous public study on TSLA – link below this post; • Since TSLA broke the purple trend line, it seems it wants to reverse the trend. Either way, a confirmation would only come if TSLA breaks the $123; • In case of an upwards breakout, TSLA could seek the 21 EMA in the daily chart, or even one of the retracements, as seen on the chart below: • It all depends on how it’ll react after a breakout from the Trap Zone in the 1h chart. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart: • Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop; • If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line; • Either way, NIO looks promising. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
TSLA: The beginning of a Dead Cat Bounce? 🙀• TSLA did a powerful reaction last Friday, and it seems it wants to continue the bounce, but it is stabilizing under the $120; • TSLA broke our short-term resistances, which we studies in details on my previous analysis (link below this post); • If it loses momentum, TSLA will most likely seek the $110 again, at least, as the trend is still bearish, and the sentiment is not the best; • Considering it did a Hammer candlestick pattern last week, it wouldn’t be surprising if we see TSLA retesting the 21 EMA in the daily chart, or even one of the retracements; • However, any pullback to a resistance level must be considered just an opportunity to sell, as the trend is bearish and there’s no bullish reversal structure – just a bottom sign; • If this is a Dead Cat Bounce or not, only time will tell, but for now, let’s keep the $110 support in mind, as if TSLA loses it, it might frustrate any possible bounce; • In order for TSLA to reverse the bearish sentiment, we must see a clear bullish reversal structure. So far, there’s none; • The 21 EMA in the daily chart, along with the retracements, are all shirt/mid-term resistances, and won’t be easy for TSLA to break them; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
SPX: Did a BREAKOUT! What's next? 🚨• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to point up); • All these signs point to a short/mid-term bullish reversal; • So far, there’s no clear top sign, or any bearish structure around indicating a continuation of the bear trend; • However, if the index loses the red line at 3,911 again, it might frustrate this attempt of a reversal, and it’ll resume the bear trend again; • I’ll keep you updated on this every day, as usual, but for now, let’s pay attention to the 3,911. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
AAPL: Bullish REVERSAL ahead? KEY POINTS to watch this week! 🤓• AAPL is reacting above a key support level; • In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL; • The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138; • In the daily chart, there’s no clear bullish reversal structure on AAPL yet, but we can use Fibonacci to set the next key resistance levels; • The 50% retracement is around $137, which is quite close to the Hammer’s target in the weekly chart. Therefore the area around $137 - $138 is a key dual-resistance area; • To not frustrate this thesis, it is important for AAPL to remain above the $128. If it loses it again, it might be problematic. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
NVDA: A challenging KEY POINT to break!• After we nailed the target at the 61.8% retracement on NVDA, it did trigger our Hammer candlestick pattern, and it seems it wants to reverse the trend; • In the weekly chart, everything is going according to the plan, as it broke the 21 EMA, and it is doing another bullish candlestick pattern – The link to my previous analysis is below this post, as usual; • However, it seems NVDA is trading near a key resistance now. As seen in the daily chart, it just hit the 38.2% Fibonacci’s Retracement, at $157. Also in the daily chart, the $157 area was a previous bottom on NVDA (Dec 07); • In addition, this is where the 38.2% retracement in the weekly chart is – coincidence or not; • Therefore, although NVDA looks promising, it has yet to break its main resistance level around $157. Only if it breaks it, we might see NVDA reversing the trend in the mid/long-term; • For now, let’s keep these key points in mind. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
TSLA: About to CRASH again? Pay ATTENTION to these key points!• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110; • This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered; • This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart); • Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction; • The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart; • These are the main key points to watch on TSLA for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: Be aware of these KEY POINTS! [UPDATED].• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal would only occur if the SPX breaks the Ascending Channel (1h) upwards, along with the 21 ema (D). So far, there’s no evidence pointing to that direction; • Either way, let’s pay attention to its main support/resistance levels for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70; • Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
4
NVDA: BULLSEYE! 🎯 What to expect from here?• Yes, we nailed the 61.8% Fibonacci’s Retracement in the weekly chart. We set this target on my previous public analysis on NVDA (the link is below this post, as usual); • Now, it seems NVDA is trying to react above the retracement. In addition, it just filled a gap around $142 (daily chart), which did work as a support level on Dec 29 – 30; • So far, there’s a bottom sign, but not a reversal structure yet. The trend would technically reverse if NVDA breaks the 21 ema in the daily chart – so far, the 21 ema is above the price, pointing downwards; • On the bright side, there’s a Hammer candlestick pattern in the weekly chart. As Bulkowski’s studies reveal, Hammers have 60% chances of reversing the trend, therefore, this might be a catalyst for NVDA; • On the other hand, what could trigger a bearish continuation for NVDA? If it loses the 61.8% again. In this case, the next technical support level is the $129 (daily chart); • I’ll keep you guys updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
SPX: Key SUPPORT + RESISTANCE levels to pay ATTENTION!• The index is correcting this morning, trying to frustrate yesterday’s bullish reaction; • If it drops to the point of filling the previous gap at 3,790, the index will lose momentum, and it might be hard for it to recover again; • In theory, the SPX has more upside left, at least to retest its 21 ema, or maybe the 3,911 again, but if it frustrates yesterday’s reaction, it might just seek the next support at 3,744 without any decent bounce; • Only if the index breaks the 21 ema + 3,911 again it will convince me of a stronger bullish reaction. As long as it stays below these key points, there’s absolutely nothing interesting going on with it, especially with many other stocks doing better/clearer movements; • Either way, I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
TSLA: Dead Cat Bounce or not? Key Points to watch from here!• TSLA is going up nicely, as we expected since our previous analysis on it. We nailed the bottom at $110, and now it seems it is just heading to the next resistance at $126 (the link to my previous analysis is below this post, as usual); • In the 1h chart, we see that TSLA corrected since it hit $123. This is acceptable, but it must not too much from here, otherwise, it might ruin our thesis that it’ll hit the $126, and just resume the bear trend (which is still extremely strong, by the way); • In addition to the $126, there’s a trend line in the 1h chart, connecting the previous top levels, and this could work as a resistance as well; • Only if TSLA breaks this trend line and the $126, it might have some chance of bouncing to higher levels, like the 21 ema in the daily chart - otherwise, it is just a Dead Cat Bounce; • The situation is still delicate on TSLA, but let’s watch these key points carefully from now on. I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
AAPL: Is it confirming a new DIP? Only if it does this.• AAPL looks extremely bearish, doing a new low this year; • In the weekly chart, we see that the $128.65 was a key support level from June, which AAPL completely ignored yesterday; • The next technical support is at $121, and in theory, AAPL is supposed to get there – if we don’t see a very good reaction rejecting the bearish sentiment; • What could be a good reaction on AAPL? It would be important to see it closing above the $128.65 today. As this would give the impression of a false breakout from a support level, a technical bear trap, and could make yesterday bar a possible Exhaustion Bar; • In this scenario, I see AAPL retesting the 21 ema in the daily chart again next. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
TSLA: Bullish reaction above our TARGET! What's next?• TSLA hit our target at $110, as we discussed in our previous analysis, last week (link below this post, as usual); • Today, it seems we have some reaction, which is expected. It is very rare to see TSLA dropping 7 days in a row (actual drops, not only bear candlesticks). To be honest, I don’t recall seeing 7 drops in a row on TSLA. If this ever occurred, must be a long time ago; • If TSLA confirms this reaction, any bounce on TSLA would have to face the next resistance at $126. In addition, any bounce would be just a Dead Cat Bounce, as there’s no clear bullish reversal structure on TSLA – it is still doing lower highs/lows. Meaning, a top sign under a resistance would be just an opportunity to sell; • In addition to the $126, we see the red trend line connecting the previous top levels, which is another resistance, along with the 21 ema; • What if TSLA loses this support at $110? The next technical support is the $91. • Let’s pay attention to this reaction and see where it can take us. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
NVDA: Key Support/Resistance levels to PAY ATTENTION! [UPDATED]• NVDA did exactly as we expected since my previous analysis on it, as it lost our dual support level, and it hit our target at $150 (the link to my previous post is below this analysis, as usual); • Now, NVDA is in bearish territory, as it did a lower high/low, and it is trading below the 21 ema; • In order to reverse this bearish sentiment, NVDA must do a clear bullish structure, preferable above our support at $150. So far, there’s no clear bullish reaction; • If it doesn’t react, and loses the $150, the next technical support would be the 61.8% Fibonacci’s Retracement in the weekly chart; • Speaking of weekly chart, there’s a key trend line connecting NVDA’s previous top levels (purple line), and NVDA has to break it in order to trigger a long-term bullish reversal structure; • Let’s see if it’ll react above one of its key support levels. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
TSLA: Finally hit $126! Next Key Support/Resistance levels!• TSLA finally hit our target at $126; • So far, there’s no technical bullish reaction indicating a bottom or that TSLA will bounce/reverse; • In this case, the next support level to aim is the $110, as evidenced on the weekly chart above; • However, if we see a bullish structure just above the $126 support, TSLA has the potential to bounce and seek higher levels – this wouldn’t reverse the main bear trend, but could be the beginning of a reversal; • If it reacts, there are many resistances on TSLA that we should be aware, like the 21 ema in the daily chart, the red trend line, the $166 (previous bottom in the daily chart), and the $155 (previous resistance in the weekly chart); • Clearly, it won’t be easy for TSLA, as the trend is extremely bearish. Let’s just pay attention to these key points for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
SPX: Could it REVERSE? Pay attention to these KEY POINTS!• The index is on “bear mode” again, as it is doing lower highs/lows in the 1h/D charts, and it is trading below the 21 ema; • It did a technical bullish candlestick yesterday, a Hammer, closing above the 3,818 (gap support). This is a sign of strength; • Despite the bullish reaction, this Hammer wasn’t triggered, and the SPX has to break other key points in order to reverse the bearish sentiment; • First, there’s the 21 ema in the 1h chart. Second, it has to fill the previous gap at 3,868 (1h chart), making it an Exhaustion Gap. Only if SPX reacts in this specific way I would be convinced that the “bear mode” might end; • For now, I’ll stick with my original view: Since it is losing the support at 3,818 and it lacks bullish reaction, the next support to aim is the 3,744. So far, there’s no technical reaction that could convince me otherwise; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
SPX: Back to BEAR MODE? Key Points to watch from here!• Today, SPX is rejecting yesterday’s bullish reaction; • Today, the index did a Breakaway Gap (blue square, 1h chart), as this gap is breaking the 21 ema, a technical support level. If the SPX doesn’t fill this gap quickly, the bearish sentiment will gain momentum; • In the 1h chart, it dropped to fill a gap at 3,831. Only if the index reacts amazingly well, and closes above the 3,831 again, it would have a chance to bounce to higher levels again – but this reaction must occur as soon as possible, filling the Breakaway Gap in sequence; • If this gap fails in supporting the price, along with the support at 3,818 (another gap support in the daily chart), the daily chart suggests a continuation of the bearish sentiment at least to the 3,744 (red line); • So far, there’s no meaningful technical reaction. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
AMD: Around the 61.8% Retracement! [Target Hit + New Key Points]• AMD is crashing today, and it is rejecting yesterday’s bullish reaction; • What’s more, it behaved exactly as we described in our previous analysis on it: It respected the first retracement at 38.2%, but when it lost it, it just dropped to the 61.8%, ignoring the 50% retracement – This pattern happens most of the time; • In the 1h chart, AMD is losing the 21 ema again, and it seems it wants to fill the previous gap at $62.84 (red line); • It is still above an important support area, made not only by the gap mentioned above, but by the 61.8% Fibonacci’s Retracement; • There’s still time for a bullish reaction, but so far, the price action is not confirming any bottom sign in this support area; • If AMD loses the $62.84 area, the next technical support is around $59 - $58 (blue lines); • AMD is in a short/mid-term bear trend, as it is just doing lower highs/lows in both, 1h and daily charts. There’s no bullish reversal structure on it as well, but if AMD is about to react, now is the perfect time. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMZN: Hit our Target! What's next? (NEW KEY POINTS)• AMZN hit our target at $85, but there’s no bullish reaction on it so far (link to my previous analysis is below this post); • Both, the 1h and Daily charts look very bearish, as AMZN is just doing lower highs/lows; • There’s a support at $84.33, in the 1h chart, which could work for a while, but most importantly, if AMZN wants to react, it must break the $85.86 mark; • What’s more, today it did a Breakaway Gap, and it doesn’t get filled quickly, it’ll indicate a bearish continuation of this trend; • In this scenario, I see it bouncing to the 21 ema again – this wouldn’t be a bullish reversal structure yet, just a bounce; • In the lack of bullish reaction, the next support is only at $81. Either way, we’ll have our answer soon. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
TSLA: The BEAR TREND continues! Next KEY POINTS [UPDATED].• TSLA is in an incredibly sharp bear trend, and there’s not a single evidence that it’ll find a bottom yet; • In the 1h chart, we see a purple trend line, connecting its previous tops, along with the 21 ema. Both points are working as clear resistance levels; • Only if TSLA breaks this dual-resistance level it might have some chance of recovering – remember, “if”. So far, there’s no bottom sign confirmed yet; • Even if TSLA bounces, the 21 emaq in the daily chart is another resistance level, and TSLA can’t break this 21 ema properly since September; • In the lack of bullish reaction, TSLA is just heading towards our next technical support at $126, as I already mentioned in my previous public analysis (link below this post); • For now, let’s pay attention to these key points. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
SPX: Still BEARISH! Next KEY POINTS to watch from here!• The index has an open gap at 3,818, which is a technical support level; • Today, it is trying to stabilize above this gap, but the trend is still bearish; • As long as the index keeps doing lower highs/lows in the 1h chart, and it stays below its 21 ema (which is pointing down, by the way), we can’t say the trend will reverse; • So far, there’s no bullish reaction around indicating a possible bounce; • For now, let’s keep our eyes on this gap at 3,818. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
10