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Nasdaqsignals

NASDAQ Resistance break-out, buy signal targeting 15900.On our last Nasdaq (NDX) call (see chart below), we took a short-term buy after a bullish break-out above a key Fibonacci level: The index made an even more critical break-out yesterday, as it broke above Resistance 1 (15285) which had in the last 30 days two clear rejections (June 16, July 05). This is a technical bullish break-out signal, on a 1D RSI above its MA and the price on a rise after getting close to the Channel Up pattern from the start of the year. The 1D MA50 (blue trend-line) has been supporting the majority of this strong uptrend in the past 4 months. The upside potential extends as high as Resistance 2 (January 04 2022 High) at 16570 but we will pursue a more modest target. The minimum on the previous bottom rebound was the Fibonacci 2.0 extension. As a result, we are buying this break-out and target 15900. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
5
Nasdaq's Rebalancing of Fabulous 7 Tech Stock so CautionRecent news concerns Nasdaq's decision to rebalance its equal weighting for the Fabulous 7 tech stocks. While this may seem like a routine adjustment, I urge you to exercise caution and remain skeptical about future stock returns and performance. It is no secret that the Fabulous 7 tech stock has been the talk of the town lately, capturing the attention of investors worldwide. Its remarkable growth and seemingly unstoppable momentum have undoubtedly piqued the interest of many. However, as seasoned traders, we must be aware of the hype and excitement surrounding these stocks. Nasdaq's decision to rebalance the equal weighting of the Fabulous Seven tech stock raises concerns and warrants a closer examination of the situation. Why would such a move be necessary if everything was going swimmingly? It is essential to question the motives behind this adjustment and consider its potential implications on the stock's performance. While rebalancing can be a regular part of market operations, it often signifies a shift in the underlying dynamics of a stock. It is crucial to remember that past performance does not guarantee future success. The Fabulous Seven tech stock's meteoric rise may have been impressive, but more is needed to ensure continued growth or prosperity. As traders, we must remain vigilant and not mindlessly follow the crowd. While the Fabulous Seven tech stock has undoubtedly provided lucrative opportunities in the past, it is crucial to approach future investments with a healthy dose of skepticism. We must carefully analyze the potential risks and rewards, considering the rebalancing decision and its impact on the stock. In conclusion, please proceed cautiously regarding the Fabulous Seven tech stock and any future investments. Nasdaq's rebalancing decision serves as a reminder that the market can be unpredictable and subject to sudden changes. Let us remember the importance of conducting thorough research, diversifying our portfolios, and making informed decisions based on careful analysis.
NASDAQ:NDX
by bryandowningqln
Tata is accelerating upward trendTata is accelerating upward trend This chart shows the weekly candle chart of tata stocks for the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the 2021 high point of the tata stock was precisely suppressed by the 1.618 position of the golden section in the figure, and then moved out of the contraction triangle consolidation! After reaching the end of the triangle consolidation in March this year, the tata stock rose sharply and is about to hit the strong pressure of the 2.000 level in the golden section of the chart!
NSE:TATAMOTORS
by Think_More
Nasdaq crash by🗻Double Top Pattern🗻Nasdaq is moving near the 🔴 resistance zone(15,385-$15,160) 🔴, and the formation of an Exhaustion gap can be a 💡 Sign 💡 of the end of the upward trend of the Nasdaq these few weeks. Also, due to the Regular Divergence(RD-) between two consecutive peaks, the possibility of forming a 🗻 Double Top pattern 🗻 is very high. 🔔I expect the Nasdaq to fall to at least the 🟢 support zone($ 14,060-$ 13,610) 🟢 after breaking the uptrend line and neckline . Nasdaq 100 Index Analyze (NDXUSD), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:NDXShort
by pejman_zwin
26
Nasdaq -> Plain And SimpleHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪 After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement level and also broke above a clear bearish trendline, we had a solid rally of roughly 20%. Weekly market structure on Nas100 is pretty clear with the Nasdaq retesting previous weekly resistance which is now acting as resistance once again and with the Nasdaq being overextended there is a higher chance that we will see a short term correction. The Nasdaq is also currently once again retesting daily resistance from which we already broke structure towards the downside so I simply do expect another bearish wave from here. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
32
Nasdaq -> Preparing The Bearish WaveHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Nas100 just retested and already started to reject the major previous weekly structure zone at the psychological $15.000 level. You can also see that Nas100 retested the resistance of the very bullish rising channel, the next support would be the 38.2% fibonacci retracement level at the $14.000 zone so I am just waiting for more bearish pressure and then I do expect more upside potential. On the daily timeframe you can see that Nas100 finally broke structure towards the downside with Monday's candle so this is a sign that Nas100 is actually slowing down - I do expect another push lower to retest daily support at the $14.300 level and then I do expect a first bullish rejection. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
41
Nvidia will be necessary to step out of the relatively high triaNvidia will be necessary to step out of the relatively high triangle This chart shows the weekly candle chart of Nvidia shares over the past year. The graph overlays the high and low points of November 2021 and October 2022, along with the corresponding golden section. As shown in the figure, the high points of Nvidia shares last week and this week were suppressed by 1.382 of the golden section in the figure! Nvidia's stock has accelerated since the middle of May 2023, and obviously the bull momentum has been released! In the future, it will be necessary to step out of the relatively high triangle and organize it before continuing to exert upward force!
NASDAQ:NVDA
by Think_More