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Pullback

$NDSN is coming up on the right side of its base!Notes: * Strong up trend on the higher time frames * Strong earnings track record * Basing for the past ~15 months * Increasing volume on the monthly and weekly charts * Currently breaking out, with volume, of a long germ pivot of 242.64 on the weekly chart * On the daily chart it broke out, and retested that pivot as support while also pulling back to its 20EMA * Has been seeing more accumulation recently, indicating institutional demand Technicals: * Sector: Industrials - Specialty Industrial Machinery * Relative Strength vs. Sector: 1.41 * Relative Strength vs. SP500: 1.09 * U/D Ratio: 1.24 * Base Depth: 37.2% * Distance from breakout buy point: -7.93% * Volume -60.53% below its 15 day avg. Trade Idea: * You can enter now as the price is bouncing off of it's long term pivot of $242.64 and also its 20EMA * If you want you can place an order around the $242.64 area as well as it may retest it as support since the volume is low on the daily chart. * Statistically, this stock may go 22.14% higher from here. Of course that won't be immediately but, looking at its history it could push higher using it's 20EMA as a dynamic level of support and get there.
NASDAQ:NDSNLong
by HaseebKhan_90
TSLA: Big Move Ahead.• TSLA is struggling under the resistance at $200; • This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet; • Right now, TSLA is in a “no man’s land” between the $182 - $200; • Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be opportunities to buy/add position. As long as TSLA remains above $182, no correction will occur; • On the other hand, if TSLA breaks the $200, then the bullish bias will persist, and the next technical target is the $237; • Either way, if TSLA corrects, now would be a good time to see a top sign, since we are under a clear resistance. Let’s see how it’ll react today. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
TSLA: This is Important.• TSLA broke our key resistance at $182.50, which we mentioned yesterday, and this is very important, as indicates that the trend might persist (the link to my previous analysis is below this post, as usual); • Now, TSLA is in a clear bull trend, and there’s no top sign indicating a possible correction; • In fact, this Monday TSLA did a Dark Cloud Cover candlestick pattern. That could be a top sign, but TSLA rejected completely this pattern yesterday; • Now that TSLA is breaking our key point at $182.50, it is heading to our next target at $200; • Even if TSLA corrects, any pullback would be an opportunity to buy, because the bias is clearly bullish in the short/mid-term; • 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
5
AUDUSD Watch: Key Level Break and Lower Low, Wait for a PullbackCheck out my previous post "Breaking Down The FX Market: What You Need To Know" for a comprehensive video analysis. The AUDUSD has been in a bit of a tricky situation lately, as price has broken a key level and made a lower low. This has traders wondering where the pair may be headed next. However, before jumping in, it's important to wait for a pullback and not chase price. With the upcoming Federal Reserve rate decision, it's important to keep a close eye on the market and be cautious in your trades. The FED is expected to raise interest rates, which could have a significant impact on the currency markets. This means that traders should be paying close attention to the market developments and be prepared for any potential volatility. By being patient and waiting for a pullback, traders can better position themselves for success in the AUDUSD market.
Short
by natron
TSLA: Fantastic Reaction. 👍• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday; • This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price; • The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema, which is ascending right now; • A pullback to any of these support levels could be an opportunity to buy at a cheaper price; • The key resistance is the $182.50. If TSLA breaks the $182.50, then our next resistance level is the $200; • 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
5
TSLA: Is This a Top Sign? Only if it Does This. 🤔• TSLA is still in a very strong bull trend, despite the correction this morning; • In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema; • As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart; • The problem is that in the daily chart, TSLA failed in breaking the resistance at $182.50; • Even if TSLA loses the 21 ema in the 1h chart, and triggers a sharper correction in the daily chart, TSLA still has the 21 ema (D) as a mid-term support level; • In the daily chart, the 21 ema is near the gap area at $146, making this a dual-support area; • For now, let’s pay attention to the 21 ema in the 1h chart, and on how it’ll react now that it is almost at the resistance area around $182.50. 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
$PI pulled back to its 20 day line. Is it ready to go higher?Notes: * Strong up trend on all time frames * Great earnings QoQ * Created a break away island on last earnings report * Held the gap as support around 105.54 * Tried to break out of the base but pulled back to its 20 day line * Offering an early entry as it's close to its 20 and 50 EMAs * When I last mentioned this stock it was breaking out of a cup and handle (linked) * Has been seeing recent accumulation Technicals: * Sector: Technology - Communication Equipment * Relative Strength vs. Sector: 1.35 * Relative Strength vs. SP500: 1.81 * U/D Ratio(50): 1.25 * U/D Ratio(15): 1.39 <--- recent accumulation * Base Depth: 22.25% * Distance from breakout buy point: -0.36% * Volume -29.91% below its 15 day avg. Trade Idea: * You can enter now as the risk is low and it's offering an early entry relative to its moving averages. * If you'd like a better entry you can look for one around the 124.52 area as that should hold as support. * Or you can wait for a clear break and hold above 129.02 with volume before entering
NASDAQ:PILong
by HaseebKhan_90
Ready for silver shortage high pullback22$ dip still there haven’t broken yet a bit spikey a moment because of the Feds will add half of percentage of the interest rate. Bad news is the inflation still high , new dangerous COVID variant still on the rise and spreading , Russia and Ukraine still at war overall Nuclear War is tightening up and rising, fundamental Recession is coming this year.. etc. But the good news is inflation is still cooling down slowly ( it is bad but if things still on a right track) & best part the rate hikes doesn’t look that bad.. lastly I forgot what else drop the comment what else I’m missing. For silver still in 22$ zone should be able to pull back to make back to 24$ zone visit or double top to 27$ zone or maybe even higher let’s see if 24$ breaks and got into 25$ zone then we will see double top back visit to 27$. If it decide to respect the strong bearish resistance then drop down back to 20$ even lower than 20$ will be absolutely necessary. Let’s see how high the pull back goes so we can snipe that sell off. Trade safe and what are your opinion? What news you have from the Feds and global news?
OANDA:XAGUSD
by JoyBoyVegae
1
SPX: Pullback Ahead! 😱• The SPX failed in breaking our target/resistance at 4k. This is a weakness sign, and it is trying to confirm a pullback today; • As I mentioned yesterday, in my previous public analysis (link below this post, as usual), a correction to the 21 ema in the daily chart is acceptable, but it must not drop too much below this point, otherwise, it might resume the long-term bear trend; • In my view, the 3,889 is the key support. If the SPX loses it, then the bear market will resume; • Meanwhile, the key resistance the SPX has to break in order to reverse the trend is the 4k. Only if the index breaks the 4k we might see something new; • Now it seems the index is in a no man’s land again. Let’s keep these key points in mind. 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
BBBY - breakout dayHi, I know there's been a lot of dates going on and so on. No pressure. And here I present you another date, yep. Based on my TA analysis and recent news noise going out about possible M/A I think BBBY is on the Bullish trend right now. Why do I think it is on the verge of a breakout? It holds the resistance pullback line and volume is drying up. Yesterday volume grown a bit and in my opinion in may indicate possible pullback end. If we break pullback line as on the picture I wouldn't consider selling it untill it pumps really hard. I don't want to give you the targets here but I see the profit is here even if you are for 5/10/100 or even 1000%. -> your decision as always
NASDAQ:BBBYLong
by kamileo
2