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ZOM: Next target and Key Points (UPDATED)!Hello traders and investors! Let’s talk about ZOM again! It has been nearly one month since my last analysis, so, let’s see if it behaved accordingly to our logic. My previous analysis was public, and the link to it is below this post, as always. First, the green line at $ 2.34 worked as a support, thanks to the Principle of Polarity, which we already discussed, and then it lost the support level at $ 2.13, and it just sought for the next support level. It hit the support we were aiming in my last analysis at $ 1.48, and since then ZOM is reacting very well, as it is finally doing Higher highs/higher lows , a trait of a short-term bull trend in the 1h chart. The daily chart is looking good too: Here we see clearly how ZOM respected the $ 1.48, as it did very long shadows under the candlestick’s bodies every time it hit there. Clearly, there was a lot of buy force around this support. I only wish the volume to be higher. We said that pullbacks to this level would only offer an opportunity to buy, and ZOM did it twice. Since the beginning the odds were in the favor of the bulls. Now if ZOM defeats the $ 2.25 the next target will be the $ 2.90, as it would trigger a Double Bottom chart pattern. But I believe now it is not the time to buy ZOM, as the moment has passed. The good time to buy was near the $ 1.48. Remember, always buy near support levels. Now is time to manage positions and keep our eyes in the $ 2.25. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it! Thank you very much. Have a nice weekend.
AMEX:ZOM
by Nathan_The_Finance_Hydra
9
SNDL: Target hit! What's next?Hello traders and investors! Ok, SNDL did exactly what was supposed to do since my last analysis, which is great. Let’s see the scenarios we can work with from now. First, in the 1h chart, SNDL lost the support level at $ 1.32, which was an important key point for the short-term, and it sought its lower support, at $ 0.95, as we discussed in our previous analysis. If you missed my last analysis, which was public, the link to it is below, as usual. But SNDL didn’t only hit the $ 0.95, but it did an amazing bullish candlestick pattern in this support area, called Tweezers Bottom . This was a clear buy sign, and what’s more, it is now doing higher highs/ higher lows in the 1h chart, and it did a bullish pivot when it defeated the $ 1.22. The price is above the 21 ema (which is pointing up), and everything tells me we are in a short-term bull trend . Pullbacks to the 21 ema are expected, and shouldn't be enough to make you panic. Let’s see the daily chart for more clues: The Tweezers Bottom in the 1h chart made this Hammer candlestick pattern in the daily chart, just above the $ 0.95, reinforcing our idea that this was a very important Key Point. Also, it was not by chance that I saw the $ 0.95 as a support level. As we discussed in my last analysis, this point was previously a resistance on Dec 2020, and according to the Principle of Polarity, it was supposed to work as a support next. The market has memory, and it always remembers its key points. Now, the next target is the $ 1.64, but as long as we don’t see a very powerful candlestick pattern, with a good volume , the movements on SNDL are going to be slow and boring. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if it helped! The link to my previous analysis is below. Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
8
SNDL: Key Points we all must keep in mind!Hello traders and investors! Let’s talk about SNDL today! In the hourly chart we have a clear congestion , as SNDL moves sideways, the 21 ema is flat, and with no clear trend. We have a resistance at $ 1.64 and a purple trendline, and both may work as resistances in the future, if SNDL tries to engage in a bull trend. The support level at $ 1.32 seems to be quite strong , as it was retested multiple times last week. Only if SNDL loses this support level we would see a sharper pullback. Now, the daily chart will offer us more clues: The thing is, SNDL dropped a lot since its all-time high, and the volume decreased as well. We must see the volume increasing again in order to fly again. What’s more, we need a strong bullish candlestick pattern to reverse the trend for good. Meanwhile, if it loses the support level mentioned before, the green line at $ 0.95 is the next target to work with . It was a previous resistance level, and it is supposed to work as a support next, according to the Principle of Polarity of technical analysis. But let’s bear in mind that SNDL spends most of its time moving sideways, and we can’t be surprised if it keeps doing nothing meaningful for several weeks from now, just like it did in the past. But since it is in a bull trend, we can assume it’ll explode upwards at some point, we just don’t know when. Either way, with a good risk management everything is possible. And remember to follow me if you like this analysis! And support this idea if you liked it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
7
AAPL: Next Key Points we all must keep in mind!Hello traders and investors! Let’s see how AAPL is doing today. It’s been a while since my last analysis, so, let’s update a few points. The link to my last analysis is below, as usual. First, in the hourly chart the trend is still bearish. We had no reversal sign around, and the support level at $ 130 (black line) which we discussed in my last analysis didn’t hold the price. But it is impressive how Technical Analysis works very well, as after this support level was lost, AAPL bounced back to the black line, and it worked as a resistance, all according to the Principle of Polarity . Now we have two possible Pivot Points . The green line represents a bullish pivot, and if triggered, could be a reversal sign. The red line is a bearish pivot, and if triggered, nothing will change for AAPL, and the short-term bear trend will persist. Now, to the daily chart: We had a H&S pattern, which I wasn’t convinced was going to be triggered, but it was. But now, AAPL is reacting, after it lost the $ 130, the $ 126 and almost lose the $ 120. Yesterday’s volume is a very good indicator, but we must wait for more confirmation. The Key Points mentioned in this analysis are going to determine if AAPL is bullish or bearish in the next few days. Remember to follow me to keep in touch with my daily updates on stocks and indices, and if you liked this idea, please, support it ! Thank you very much!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
6
AAL: It's flying today! How to proceed now?Hello traders and investors! It has been nearly 1 month since my last analysis about it, let’s see if AAL behaved the way it should. First, in the 1h chart, AAL respected the key point we mentioned in my last analysis, the black line at $ 16.47 with an astonishing precision, and it hit it multiple times, without losing it. This point was a previous resistance, and it worked as a support, as we thought it would, thanks to the Principle of Polarity . And if you missed my last analysis, the link to it is below, as usual. It triggered several pivot points , the last one at $ 18.82, and we have a little gap at the yellow area. If it gets filled this week, it could be an Exhaustion Gap , and this could create another congestion on AAL. Right now, it is a little to buy it, as the optimal buy point was near the $ 16.47, and we are quite close to the target I mentioned last month, but since it is engaged in a bull trend, pullbacks to the 21 ema could offer some nice opportunities to buy too. Now, let’s see the daily chart: In the daily chart, AAL is heading to the target we mentioned in my last analysis, the $ 22.80, which is one of the previous resistances, and nothing unusual is happening here. The volume decreased during last month’s accumulation, which is a typical trait of just an accumulation before the explosion, and the 21 ema is pointing up, evidencing the bull trend and working as a support level in the future. What’s more, the volume increased in the last 2 days, and today is finally above the 21 moving average I like to put in the volume as well. These are good signs but be prepared for pullbacks, but they could offer an opportunity for the late buyers. Any pullback to the 21 ema in the daily cart as well could be a nice opportunity if you missed the entry point on AAL. And remember to follow me to keep in touch with my daily analyses on stocks and indices. And please, support this idea if you liked it! Thank you very much.
NASDAQ:AAL
by Nathan_The_Finance_Hydra
8
ZOM: Should we panic-sell this now?Hello traders and investors! Let’s talk about ZOM today, and do our usual Multi Time Frame Analysis (MTFA)! First, let’s start with the 1h chart. ZOM did a classic Double Top chart pattern at $ 2.91 (black line), and now it is dropping to its support levels. The first support lost, after some fight, was the 21 ema. Then the green line at $ 2.34, and now it is trying to lose the blue line at $ 2.13 as well. Since it is a short-term bear trend, ZOM will keep seeking for lower supports, until one works and holds the price. What’s more, according to the Principle or Polarity , when a support is lost, it is supposed to work as a resistance next, and vice-versa. The green line and the 21 ema could make a strong resistance zone for ZOM in the short-term. Also, keep in mind that ZOM lost the green line by doing a Gap , which is also going to work as a resistance. The fight is not going to be easy for ZOM, but let’s see if the daily chart has something else to tell us: In the mid-term, the trend is clearly bullish, and in a bull trend, pullbacks are expected and seen as opportunities to buy. We have a strong support area between the 21 ema, the black line at $ 1.48 (previous top) and the Gap (yellow rectangle), and ZOM could retest again this area and the trend would still be bullish. What is interesting is the volume , as it increases during upside movements, and decreases when the stock drops or enters in a congestion, meaning that the buy force is stronger than the sell force at this moment. And if you liked this analysis, remember to follow me to keep in touch with my daily updates. And support this idea if it helped you! Let's wait for more confirmation on the charts, before jumping into any conclusion regarding ZOM. Thank you very much,
AMEX:ZOM
by Nathan_The_Finance_Hydra
18
PLTR: A very STRONG support level for PLTR!Hello traders and investors! Let’s see how PLTR is doing today! It reported Earnings, and it is dropping sharply today, but how to proceed now? First, since it lost the Key Point we discussed in my last analysis, it just dropped to hit the next target, which is the $ 28.07. If you missed my last analysis, just check the link below. The Key Point was the dual-support level made by the purple trendline and the gap support at $ 34.04. The trend is clearly bearish, at least in the short-term, as the 21 ema is pointing down, but we don’t see clear lower tops/bottoms (except in smaller time frames), and the 21 ema is too far from the price. Since we just hit a support level, now is the best time for a bullish reaction . You might be asking, why is this black line a support level? The daily chart will tell you why: The $ 28.07 was a previous top level for PLTR, and according to the Principle of Polarity, it is supposed to work as a support now. Today we had a Gap (yellow rectangle) and the volume increased a lot, and since we are near a support level, this could be signs of exhaustion of the bear trend, a nd this gap could possibly be an Exhaustion Gap . This week we'll know what kind of Gap this is. If PLTR loses this black line, the next target will be the $ 22.50 (green line, previous bottom), but it won’t be easy, as it’ll require a lot of strength for PLTR to hit there without a pullback first, at least in the 1h chart, given all the information we had: Possible exhaustion gap with high volume, near support level, and far from the 21 ema in the 1h chart. This is a quite strong support level. But so far, we have no confirmation of any bullish reaction, so, we must be careful. Let’s monitor PLTR closely, and if you liked this analysis, remember to follow me to keep I touch with my daily updates, and please, support this idea if it helped you! Thank you very much.
P
by Nathan_The_Finance_Hydra
11
TSLA: Time to panic sell?Hello traders and investors! Let’s talk about Tesla today! First, Tesla lost a Triangle pattern, meaning that now it is supposed to seek lower supports. The 21 ema is pointing down, indicating that the trend is bearish, and it already lost the red line at $ 833. Both, the 21 ema and the red line are supposed to work as resistances now, according to the Principle of Polarity. Since Tesla lost the $ 833, in theory it should seek the $ 780, which is the next support level, but we must keep the daily chart in mind: Tesla has a ceiling at the yellow area, between its previous resistances, but now it just hit the 21 ema, and historically the 21 ema works as a good support level for Tesla, and this movement is not surprising at all, as we already talked about it in my previous analysis, when Tesla was at the All Time High back in Jan 26 (the link to this analysis is below, as usual). It seems Tesla can’t go up, but it can’t drop either and when this happens, we see congestion . It has been a month since Tesla is not trending, just moving sideways, doing nothing meaningful. But Tesla must not lose the $ 780, as there is the possibility of a H&S chart pattern here, and the target would be the $ 695. Let’s monitor Tesla closely from now on, as it seems it is at a decisive point. Remember to follow me to keep updated and support this idea if you liked it! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: Target hit. What's next?Hello traders and investors! Ok, so the SPX did what it should’ve done, and this is very good. Let’s see what’s going on here. The index lost the 3827, and it hit precisely our target yesterday, as we discussed in my previous analyses (if you missed, I’ll leave the links below, as usual). Today, the index found a resistance at the 3827, which was the previous support, and this is very normal - the index is just obeying the Principle of Polarity (previous supports will work as resistances in the future). But now what? If the index defeats again the 3827, it’ll trigger a pivot point that could lead SPX to the green line at 3861 again. Probably the last gap (yellow area) would help to attract the price, as they work as magnets. Now, let’s see the daily chart: The index hit the purple trendline with astonishing precision, and this is why I love Price Action . Now we have a Harami , which usually has a random chance of working as a reversal, but in my experience, when it is near a support level, the odds increase. The only thing that could ruin the bullish momentum would be if the SPX loses today’s low this Friday, along with the purple trendline. This could trigger a sharper correction in the weekly chart. The question is, would be a Price Correction , when the index drops to hit a previous support, or a Time Correction , when the index moves sideways, erratically, waiting for the 21 ema to catch it? We’ll have our answers soon, and I hope this analysis helped you! Remember to follow me to keep in touch with my daily updates, and please, support this idea if you did read this far! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
4
PLTR: Should we worry about it?Hello traders and investors! Let’s talk about PLTR today! The bull trend is very strong here, but is there any reason to worry about PLTR? Let’s see. First, I would use the black line at $ 33.50 as a guide , because if PLTR trades under it again, we may see a pullback ahead. What’s more, if it loses this black line tomorrow, it’ll trigger a bearish pivot and a H&S chart pattern . The 21 ema worked as a resistance in the last few hours too, so this wouldn’t be a good sign for the short-term. Let’s see if the daily chart has something else for us: PLTR triggered an IH&S recently, when it defeated the black line at $ 28.07, and it did a powerful Ignition Bar, above the 21 ema, with good volume. Now, despite the bearish signs in the hourly chart, I wouldn’t be too concerned here. See why the $ 33.50 is important? It was the previous ATH in November, and according to the Principle of Polarity , it is supposed to work as a support right now. What’s more, even if PLTR loses this black line, the 21 ema is getting closer to the price, and this would be another support level, limiting the intensity of a sharper pullback here. Also, the sudden increase of the volume is another very good sign, as the volume is the fuel to a trend. If we were having a sell-off, PLTR would drop with high volume. Since last month, I think PLTR is a nice buy, and you can check my previous analysis if you want, the link is below as usual. And follow me to keep in touch with my daily studies, and please, support this idea if you liked it! Thank you very much!
P
by Nathan_The_Finance_Hydra
17
AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here. The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity. Now, let’s see the daily chart: Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again. This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful. Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates! Thank you very much!
NASDAQ:AAL
by Nathan_The_Finance_Hydra
5
AAPL: Pre-Earnings analysis. Key Points to keep in mind!Hello traders and investors! Let’s talk about Apple today! Yes, we are having a sell-off this Wednesday, but AAPL is quite resilient! It is trading above the $ 137.98, which was our target since last month (you may check my analysis from Dec 16 in the link below). It’ll report earnings after the market closes today, and this may bring some volatility, which is a good thing . We have a Pennant chart pattern in the hourly chart, and usually this is a continuation pattern. What’s more, we have the 21 ema supporting the price, and as long as AAPL doesn’t trigger this Pennant downwards and lose this 21 ema, the stock will continue climbing. Now let’s look at the daily chart for more clues: If AAPL loses the supports mentioned above, then the black line at $ 137.98 will be a natural target for a short-term bear trend , and a good support candidate, according to the Principle of Polarity of Technical Analysis. But we must wait for more confirmation, and remember that we may see some volatility tomorrow, and that’s good, as usually it brings opportunities. Let’s monitor AAPL closely, and if you like this analysis, follow me to keep in touch with my daily studies, and please, support this idea ! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
SPX: Key Points we must keep in mind!Hello traders and investors! Let’s see how SPX is doing today! The volatility increased a lot recently, and this led to a false breakout from the support level at 3827, which is a Key Point that worked as support and resistance in the past, as evidenced by the black line. Also, the previous Gap area worked as a nice support as well. Since the index is trapped between this black line and the ATH (green line at 3861), and the 21 ema is flat, we can say that we have a Congestion , and the SPX must break free from it, in order to either resume the bull trend, or collapse to lower levels. The daily chart may give us more clues: Yep, the 3827 is the Jan 8 All Time High, and it seems it is working as a support now. Not a surprise, as it is just following the Principle of Polarity of the Technical Analysis. Today’s candlestick is quite impressive, so far, as we have a huge shadow under the candlestick’s body, indicating that the bull trend is still here, and we won’t see it changing until a clear reversal occurs ( Dow Theory, 6th tenet ). If the index loses again the 3827 (and closes under it), then the SPX could drop again to the Purple Trendline, and this wouldn’t be enough to change the bullish bias. The index didn’t even retest the 21 ema yet, so the trend is very bullish, indeed. As long as we don’t see a clear reversal sign, the index will just continue to climb . And if you like this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea! Check my latest analyses on the links below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
12
NIO: Trading at a decisive point! Time to panic-sell?Hello traders and investors! So, NIO is doing a pullback right now. No big surprises here. Let’s see what’s going on. In the hourly chart, NIO is doing a pullback to the 21 ema and to the Blue Line at $ 60.08, which is a Key Point for NIO , as we discussed in my last analysis. Also, as we expected, the $ 57.20 did a great job holding the price last week, and our target is still the same: $ 66.95. If you missed my last analysis, I’ll leave the link to it below, as usual. Since NIO is above an important support level, I see no reason to panic. The $ 60.08 was previously a resistance, and now it is working as a support, following the Principle of Polarity Let’s see the daily chart: The trend is clearly bullish, and as long as we don’t see a clear reversal sign, NIO will continue climbing . The movement is quite bearish today, but aside from the support levels seen in the hourly chart, NIO is still trading above the 21 ema in the daily chart and above the $ 57.20 (November ATH). We must see how NIO will close today, and the volume will look like, before jumping to any conclusion. But so far, it seems the bias is still bullish. I’ll keep the target at $ 66.95, as we have been discussing, and again, if you missed my previous analysis, the link is below . It is never a good idea to panic-sell, so let's wait for any confirmation. And if you liked this analysis, remember to follow me to keep in touch with my studies, and to support this idea ! Thank you very much for your support!
NYSE:NIO
by Nathan_The_Finance_Hydra
15
NIO: Should we panic or not?Hello traders and investors! It seems NIO is following the sell-off seen in the global markets today. Let’s see what’s going on. Well, NIO is just doing what we discussed in my last analysis, and since it lost the 21 ema in the hourly chart it triggered the pullback to the $ 57.20, all according to the plan. If you missed my previous analysis, just check the link below . Also, NIO just filled the last gap, making it an Exhaustion Gap , so it is natural that the bull trend will get weaker from now on. But this is not a reversal sign , just a weakness sign. The daily chart can give us more clues: The $ 57.20 is not a random number, it was a previous resistance and according to the Principle of Polarity of Technical Analysis, it is supposed to work as a support now, and it seems this is exactly what NIO is doing. If the pullback persists, it may touch the 21 ema in the daily chart, and this would be just an opportunity, since the chances are that this is just a harmless pullback. Why do I think it is a harmless pullback? For 2 reasons. First, the trend is bullish, and according to the Dow Theory 6th tenet, trends persist until a clear reversal occurs , and so far, no clear reversal. Second, NIO has been dropping in the last few days, yes, but the volume is too low, indicating that this is not a true sell-off, no one is aggressively selling NIO, but just the market resting. If the volume were bigger, then we would have a different story. If this analysis helped you, please, support it! And remember to follow me to keep in touch with my studies, and in the links below you’ll find some of my previous analyses. Thank you very much, have a great weekend!
NYSE:NIO
by Nathan_The_Finance_Hydra
43
NIO: Time to panic?Hello traders and investors! Let’s talk about NIO! Despite today's sell off, thanks to some news, NIO is doing very technical movements. It is retesting the purple line at $ 50.50, which is the most important support for NIO, as we discussed in my last analysis, and if we see a good candlestick pattern around here, it would be great. If you missed my previous analysis, just check the link below. Also, thanks to the volatility, NIO almost filled the gap , but since it is reacting now, I don’t think it will. The volume increased in the last hours, again, thanks to news, but I see no reason to panic, especially if we look the daily chart: Since NIO defeated a previous resistance (pink line at $ 48.65), now it is natural that it’ll work as a support in the future, according to the Principle of Polarity of Technical Analysis. Also, we have the 21 ema to hold the price. The volume was good, but again, it is hard to tell how much of it was due to the news. But regardless of anything, the price is still doing nothing surprising or incredible. I see this just as an attempt to retest its supports (they didn’t even get hit). I would start to worry if tomorrow NIO loses today’s low, along with the pink line. But today’s drop was extremely technical and could even bring some opportunities. And remember to support this idea if you liked it! And follow me to keep in touch with my daily updates! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
34
NIO: The start of a new bullish movement?Hello traders and investors! Let’s see how NIO is doing today! Ok, NIO defeated the black line at $ 45.46 we discussed yesterday, and now it seems it is reversing the short-term bearish trend . The 21 ema is pointing up again, and the volume is increasing a little. According to the Principle of Polarity in Technical Analysis, the black line will work as a support from now on, and this is very good news to the bulls. Let’s see what the daily chart tells us: We have another Piercing Line candlestick pattern, and the volume is starting to increase again. Today, this pattern was triggered, and this can make NIO defeat the pink line at $ 48.65 for good and lead the stock to new levels. And if this analysis helped you, remember to support it , and follow me to keep in touch with my daily updates. Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
4
NIO: Some Key Points and Strategies you can use!Hello traders and investors! Let’s see how NIO is doing today! Well, NIO triggered the pivot point at $ 39.74 (black line), which we discussed yesterday, and it is going up, as expected. Now, since the $ 39.74 was a previous resistance, now it is supposed to work as a support, according to the Principle of Polarity . But if NIO loses the $ 39.74, the bull trend will start to get weaker . The 21 ema could hold the price, but I wouldn’t count too much on that. The Support Zone (blue area) seems to be a more reliable support in the short-term. But so far, NIO is still engaged in a bull trend, and it didn’t lose any of its supports. Now, let’s take a look at the daily chart: The daily chart suggests that a sharper pullback could occur, and this wouldn’t ruin the bull trend at all. It could hit the 21 ema again, or even the $ 29.40, which was a previous resistance, and the momentum would still be bullish. In a bull trend, pullbacks are opportunities to buy at a cheaper price, and to get into a safer trade, with an enhanced Risk/Reward ratio. The volume is consistent, and although a pullback would be very good for everyone, there are no signs that this is going to happen in the short or mid-term. Instead of setting a target, I would use some exit strategy on NIO. This way I would still be on it as long as the trend continues. For instance, if I were on NIO, and if I were afraid of pullbacks, I would just set a trailing stop at the previous day’s low. Meaning that right now, I would set a sell order at $ 38.25 , and would only buy back when it hits the 21 ema. Or you may just set your stop under the black line in the hourly chart. These are the key points for NIO, and if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates. I’m sure you’ll find something helpful around here. Have a great weekend!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
AMZN: Key Points to keep an eye on!Hello traders and investors! Let’s see how AMZN is doing, and what are its most important key points to keep in mind! First, we have the green line at $ 3,277, which was a previous support, and it worked as a resistance today, thanks to the Principle of Polarity in Technical Analysis. Also, it has a strong support at the black line, around $ 3,125. If we see a breakout from any of these points in the short-term, we could see a stronger movement on the daily chart: Here, the most important key point is the green line at $ 3,225 , as it is the Neckline of the Inverted H&S chart pattern. Amazon is doing a pullback to this support level, and if it closes above this point, would be a sign of strength. This could lead the stock to retest the resistance in the hourly chart again, or even defeat it, and lead AMZN to $ 3,496 again. On the other hand, if AMZN closes under the neckline, it’ll retest its support levels, like the black line mentioned in the hourly chart, and the blue line at $ 3,088 in the daily chart. There are no supports below these levels other than the red line at $ 2,887. The 21 ema is flat, and it is going to release its Earnings in 3 days . I believe this will bring volatility to the stock, and usually, this means opportunity. The bull trend is weaker on the Nasdaq Index, and maybe this will affect Amazon as well. But so far, the stock is just doing a pullback, and I see the neckline at $ 3,225 as the most important point for AMZN right now. Also, if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses. Have a great Monday!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
AAPL: Next targets and Key Points!Hello traders and investors! Let’s see how Apple is doing today! It is resisting in a support zone (green line), which was a previous top, and now it is working as a support according to the Polarity Change . Also, it filled a Gap (blue area), and it may work as a support level as well. Any good reaction near this green line would be a very good sign . On the other hand, if AAPL doesn’t react, then it’ll just resume the bearish momentum to the next support level, the black line around $ 112.85. Now let’s see the daily chart: The green line at $ 117.85 is the most important point right now, because it was a previous top, and it worked as a pivot point yesterday, and this led the stock to fill the gap and to the 21 ema again. If AAPL trades above this green line again, the market will see this movement as a false breakout from a previous pivot point, and the bull trend will resume. The next target would be the All Time High again, especially if it triggers the Pivot Point at $ 125.39 (blue line). Also, the volume is quite low these days, as evidenced by the red arrow, and this confirms our theory that this movement is just a pullback. According to Dow Theory’s 5th Tenet: The Volume Must Confirm the Trend . A pullback with low volume indicates that it is indeed a pullback, a quick movement against the trend that usually gives great opportunities. If you liked this idea, please, support it! And follow me to keep in touch with my daily analyses. Have a great day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
14
TSLA: Next steps.Hello traders and investors! So, Tesla hit our target today! The $ 359 proved to be a strong support for the stock. Now, let’s see how to proceed. First, keep in mind that Tesla is still in a short-term bear trend , and the 21 ema, along with the previous supports, are going to work as resistances next. Right now, TSLA is struggling at its first resistance, which is the blue line in the chart ($398). If this point will be defeated, the price will seek the region between the 21 ema and the red line at $ 408. If TSLA loses the black line around $ 360 the market will see this rally as a Dead Cat Bounce , and it could drop a little further. Only the daily chart can tell us better the next targets: As we already discussed here, the $ 359 is a strong support, and today’s reaction confirms this. If it closes this way, we may see a Piercing Line candlestick pattern, just above a support zone. This would be a good indicator that Tesla could resume its bull trend. For now, the 21 ema and the red line at $ 408 are going to work as resistances. According to the Principle of Polarity in Technical Analysis, a lost support is going to work as resistance in the future and vice-versa. So far, all we can say is that Tesla is going to hit its resistances, and if defeated, it will seek further resistances, like the $ 461. Then we’ll see if Tesla will retest the All Time High or not. On the other hand, if Tesla fails to defeat its resistances, it may drop again to the $ 359 region, and if it trades below it, the $ 329 is the next target. We are going to have our answer soon, and if you liked this analysis, please, support it ! And follow me to keep in touch with my ideas. Every day I share a few thoughts with you. I wish you all the best of luck.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
TSLA: Targets and Key Points!Hello traders and investors! Tesla is doing a phenomenal movement today! Let’s what’s going on here, and what to expect next. As we discussed yesterday, TSLA is now engaged in a short-term bull trend, as it has been doing ascending tops and bottoms in the hourly chart. It also defeated its resistances, like the pink line ($ 398.80), which was our target since Friday, and the black line ($ 426.20). Since all these resistances were defeated, now they will work as supports for the price, in case of a pullback, according to the Principle of Polarity in Technical Analysis . But the black and pink lines aren’t the only supports around, as the ascending 21 ema is an important indicator to keep in mind. The target for the short-term is the green line at $ 502.20, and as long Tesla keeps trading above the black line, there’s nothing indicating that the bull trend will get weaker. Now, the daily chart: Today Tesla is leaving a Gap, and a question remains: What kind of gap is this? If it is a Common Gap , it will be filled quickly. But this could be a Runaway Gap , which could lead Tesla to its target at $ 502 very quickly . Either way, we will have our answer soon. The trend is still bullish in the daily chart, as we don’t see descending tops and bottoms. The 21 ema is starting to point upwards again, and there’s nothing indicating that Tesla will drop again. The first sign that the trend can change (or at least starts to get weaker) would be if Tesla starts to lose its supports in the hourly chart. They are my guide for now. And if this analysis helped you, please, support it! And I invite you to follow me to keep in touch with my daily analyses. I’m sure you’ll find something interesting around here. Stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
TSLA: Will the bull trend resume?Hello traders and investors! Tesla is doing some interesting patterns around, let’s see how to proceed and what are the most important points to keep in mind. First, Tesla just hit the target we set on Friday, at $ 398, after it defeats the trendline. What’s more, Tesla triggered the pivot point at $ 398.80 (pink line), and now it is officially engaged in a short-term bull trend, as we talked about in our last analysis, which you can check in the link below. Now, the pink line, which was a previous support, will work as a support, according to the Principle of Polarity in Technical Analysis. In the post market, Tesla closed at the black line region, which is a previous resistance. If defeated, it could lead the price to the previous All Time High around $ 500. But we can’t discard the possibility of a pullback to the pink line or to the 21 ema, as this would be perfectly natural and expected for the Tesla. Now, let’s see the daily chart: Tesla is trading again above the 21 ema, which is bull territory. Today’s candlestick is very good, but the volume is still under the average. It seems the support around the purple line is very strong , and the price bounced strongly after it hit it. But the most interesting point to keep in mind is that Tesla is not in the Trap Zone anymore, between the 21 ema and the previous support. This is a relief for the bulls, but Tesla shall not trade below the pink line in the hourly chart again, because this would frustrate the bullish momentum, and could lead to a further pullback. At least in the short-term, the trend is bullish again, and these are the most important points to keep in mind now. And if you read this far, consider supporting this idea! And follow me for more analyses. Every day, I’ll share some thoughts with you, and I hope you’ll find some useful information around. Trade well, and stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
13