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Overbought

This one can fly, but let's be careful! 🚀Yes, STNE is doing some good movements lately. It broke the 64, the Bollinger Bands are showing some volatility again, but the RSI is already overbought in the 30min. This means that STNE can drop tomorrow or next week, to the 65 again. We are gaining momentum here, and if we break the 67.79, the 77 is the next stop for us! The problem is if STNE drops to the 64 again, and loses it, then the momentum will be ruined. STNE is doing some interesting patterns around! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:STNE
by UnknownUnicorn21312077
1
Finally hit our target! 🎯Yes, AAPL has been incredible! It hit our target at 131, and now in the same day it hit our second target at 132 and closed the gap. Now, the 131 is a support for us, and it is close to the 20ma. Since AAPL is a little overbought in the 4h chart, there’s a chance it’ll lose the 131 again and seek the 20ma. Also, we are near a resistance area, and this point attracts sellers, even without an overbought RSI. I don’t think it is interesting to buy AAPL now, but this is the place to be careful, and start to sell your trading positions. Long term speaking, yes, I think AAPL is bullish, and we are doing something like a Cup&Handle with a target at the all-time high. Be careful, traders, and plan your trades wisely! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:AAPL
by UnknownUnicorn21312077
4
Looking to short crude oilI am not sure which way oil will be going. What I do see is a good profit goal if oil sells off or pullback a bit. Oil is nearing upper black trendline. This is also the top of an parallel channel. This also means we are close to overbought. You can see my entry for a short by looking at red arrows. You can see a nice profit goal here and if it break under the rising wedge then we have an even more profit. I wouldn’t enter long except where gray up arrow starts above resistance at price high. And if oil is to go up it first needs to consolidate to cool off for next leg up. So really I am only looking right now to enter short on oil if it hits my sell trigger. Comments welcome. Thumbs up is extra welcome! ❤️ Miss Bunny
NYMEX:CL1!Short
by UnknownUnicorn11430563
3
QQQ Historical Fib Chart This will be interesting to see how the next few months go. I have no idea one way or another, I don't really believe anyone does, but this chart is very telling of the runup we had in QQQ with very low interest rates. Once the fed does actually begin moving, I'd expect a sharp drop off in growth stocks that rely on low interest rates if they are not making profits yet. The fed is warning of this as well, so my plan is to put money into high cash flow stocks for the time being and buy back into QQQ once we have a more stable fed rate.
NASDAQ:QQQ
by ATSpain
A trading idea on CRWD! 👍CRWD is one of the stocks that are on my radar, but we can’t trade it right now. Why? Because it is sensitive to the Nasdaq, and if the index drops in the next days, probably CRWD will do it too. I see the 227 as an important breakpoint, that could make the stock reach reasonable levels again, if it loses it. See, the 227 was a top level before, and a support for CRWD. If lost, the 221 is the next stop for it, but I’m not entirely happy with the idea of buying CRWD at this level, especially because it still looks pretty overbought to me. The 20ma in the daily chart is a better place, and I think it’ll hit there. When it does, it could give us a nice trading idea soon! Let’s keep our eyes on CRWD in the next few days, and watch out the 227 area in the 30min chart! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:CRWD
by UnknownUnicorn21312077
Going according to the plan! 👍All right, AAPL almost hit our target at 131! It did exactly what we said in our last analysis, 4 days ago, and now we have a lot to catch up! The problem is that now it is already looking overbought, and this smells pullback to me. It has been in a consolidation in the last 2 days, and the BB are getting tighter now. This is somewhat good for AAPL, but if it loses the 129.30 it’ll drop to the 127.90 again. Apple closed a candlestick outside the BB yesterday, and today the price closed inside it, and this is another pullback indicator. The RSI was almost at the 70, but now it is dropping. If we see the Nasdaq index dropping again, it is easy to see AAPL at 127.90 again, before it hits the 131. Maybe it’ll give another chance to buy, if the right pattern appears around there. Let’s wait and see for more patterns confirming our thoughts. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa
NASDAQ:AAPL
by UnknownUnicorn21312077
Is the economy going to hit a wall?The problem with the worlds economies reopening now is the stock markets already priced in the reopening over the past year with lower inflation numbers and massive QE. How do the markets avoid hitting this inflation wall? Fed says it's "transitory", is there enough QE left to jump this wall? How does one chart "transition" with indicators? Ever chart I pull up is overbought, has to much debt and highly speculative based on future earnings. Leverage is at an all time high along with the S&P. Yields are approaching the limit they will stretch.
CBOE:VIX3M
by SPYvsGME
1
Accidentally day trader! 🤕 What to do now?Nio is impressive! It triggered the buy sign we talked about yesterday, at 43.04 (check my last analysis on NIO), and it already hit the target today! I wasn't counting on that. I rarely do day trading, but sometimes I do it, never on purpose. Yes, again, I’m completely out of NIO, so, I’ll analyze in the most unbiased way. The next pivot point is the 46.26, and if NIO trigger it in the some way it did with the pivot at 43.04, it’ll trigger another buy, but I wouldn’t trade it at all, not even a small position this time. Why? Because unlike the previous pivot, the RSI is at overbought levels, and we aren’t near support. We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now I’m out of NIO, and I’ll remain out even if it breaks the 46.26 again. I’ll wait for the support level. It’ll give us another chance soon. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
2
Gold Analysis - WyckoffHi Traders/Gamblers, This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown. We have hit our target area for gold as shown and stipulated. Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution taking place. This then means that gold is currently experiencing the opposite as it heavily relies on the USD to determine price action - DXY effects gold at around 2 - 6 times the movement (1% movement on DXY makes 2% - 6% on Gold, depending on sentiments and trend). Gold could be potentially distributing here as it has reached accumulation cause and effect, or Stage 1. We now wait for the other stages to be completed to fully confirm a downtrend which would see significant downward movement - possible into the 17xx or 16xx. This however could also be a re-accumulation into a further upward trend, giving us 2xxx, it is important to note that we could still see 1960 as a point of UT or UTAD before going down. RSI has broken upward trend and is currently bottomed out on Daily chart showing that we could range for a little more, however MACD is topped out and has crossed over signalling a reversing trend in the near future. Volume is decreasing, creating a base, showing an exhaustion of demand and buyers and the possibility for sellers and supply to take over. With CPI being released tomorrow at 1:30pm (UCT) this will be a good indication of where the market will stray, we are hoping for a lower low giving us SOW and then retracing back up to give us a last point of supply before heading down. Once we have received the SOW and the LPS we will then be able to use the point and figure chart to determine a target objective based off of cause and effect. It has been said that Russia are wanting to dump the dollar and invest in euro and gold which could possibly mean that Russia will sell off their gold positions and look to add more at a cheaper rate of gold - emphasising again the significant downtrend we could see along with a big spike back up once target is reached. To read up on the Wyckoff method and the phases, stages as well as buying or selling signals read here: school.stockcharts.com Good luck. **This is not financial advice** Chart is made shareable by clicking this link: uk.tradingview.com
OANDA:XAUUSDShort
by Username_for_trading
4
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89. To the side it breaks, we’ll see a good movement next. If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet! The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
8
Let's give PLTR another chance! 😉The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems. Keep in mind that PLTR is right at a resistance in the 4h chart, and the RSI looks weird too. I prefer to wait for a decent pullback to the 22, or even the 23, if we see a good pattern over there. So far, I’m just an outsider, waiting for my next chance to buy it. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
1
PLTR might drop, and this will be good! 👍Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again. I’m still waiting for a better risk-reward ratio, but I’m happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least. The 4h chart looks very overbought, and it is in a resistance. Since we already did a phenomenal trade here, I’m good just waiting. I would like to see it at the 22 again, but let’s see, maybe PLTR will do another bottom above it, like Tesla is trying to do. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
9
Worried about a pullback? Don't be! 👍Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one. For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The RSI is still above the 50, indicating that NIO is still strong, and the trend is still bullish. Given that NIO is pretty close to the top at 43.21, and the RSI is very overbought, and that we had a bearish candlestick today, I’ll just wait for the next trade to appear in front of us. If NIO fills the gap at 38.89 it’ll be perfect, but let’s see. We are also pretty far from the 20ma, and at one point, we’ll get closer to it. Let’s see how NIO will move this week, but I think we’ll trade it only next week – this is not a promise though. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
3
It broke our target! How to proceed now?Ok traders! PLTR didn't confirm the advanced breakdown we talked about yesterday, and today is flying again! Now the 22 was left behind, and it can even work as support next. For now, the $ 24 is the second target, but since it already broke our initial target, it is a good idea to sell something around 25 - 50% of the trade. The RSI tell that we are overbought in the 30min, and the 4h chart too. It is still worth to hold some PLTR, but let's be careful out there. If it drops again to the 22, or to the 20ma, I will just buy again. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
4
The Stock Market Not a Reflection of The EconomyWe are living through the greatest economic expansion in American history. It has become very clear to me that the stock market is no longer a measurement nor reflection of the health of the "real economy" where average everyday people make their income. If it was then the federal minimum wage should be over $30 an hour compared to economic gains our economy has made in the past 30 years. The full-time and part-time employees, freelance and gig economy workers, and your average mom & pop small business owners will continually become displaced and outsourced as automation technology grows and the elite multi-national capitalist dramatically cut their labor cost through automation this decade & beyond. We've hit the top 4.236 of this Fibonacci cycle I have going from the high of December 2007 to a low on November 2008. 13 years and growing of financial prosperity on paper but not so much in reality. The gap between the rich and the poor have never been more grotesque in the history of capitalism. Our government is in the practice of creating infinite amounts of money that some how never gets to the people that actually are in desperate need of financial resources. That seems like a recipe for disaster and social unrest to me. Don't even get me started in the tsunami of inflation that will be coming. If we drop coming back down to 1.618 may be a decent support area for the market (we dropped to the 1.618 during COVID-19 Quarantine). That would be a 56% retrace from these current levels. Can we actually keep the economy growing from these levels once the infinite money creating stops? Or will it ever even stop at this point?
NASDAQ:NDAQ
by peacefuljustin
2
The Nasdaq is flying as we expected! Now, let's be careful...The Nasdaq looks great, and it is flying as we thought it would, but we might see some correction tomorrow. It seems it is too overbought, at least in the short term, and the RSI indicates that. We have no confirmation that we'll see a correction on the price yet, but this is a possibility that we must keep in mind. The 13,400 would be the next stop for us, in theory. The 4h chart looks great too, and the RSI divergence worked wonders for us! We have yet to hit the 13,716, and I believe we'll hit there, but not tomorrow. Maybe next week. Either way, I invite you to stick around! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
TVC:NDQ
by UnknownUnicorn21312077