#NASDAQ - Too good to be true?What a show, Nasdaq 100 lost almost 11% in a single week after a massive sell-off and everyone started to blame Robinhood for selling data, despite forecasts and warns of hundreds of analysts saying that the bubble will soon blow and all the tech stocks are overvalued, so.... Greed is one to blame?
This is just my opinion, you decide whether to agree or not.
From the technical perspective NDX is currently testing a dynamic resistance (dashed line) though remains above the 11300 support zone.
If it takes out the dynamic resistance with a massive green candle, then it will bounce to 12000.
If it breaks below the 11300, then it will drop to 11150 - 11098 in short term.
The best scenario is to drop down to 10400 levels to penetrate the 100MA and then bounce back towards new highs.
If Rumors on Robinhood continue growing and investigations are conducted, then we might witness the largest bubble explosion in the history.
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apple trend and fundamental analysishello , my new opinion about apple stock :
apple stock split 4-1 couple days ago ,after that Fear arose in the market called tech bubble , This caused the shares of the big company like apple and Tesla began to decrease , After this fear swept the entire market It caused widespread sales in the market ,
but let's talk about apple , apple is biggest company in the world with 2 trillion market cap , we can't expect any bad thing happen to stock price ,
beside new iphone will come out soon ( middle of the autumn ) , 4 or 5 new 5G iphone , This can throw Apple stock up .
hope it was useful
WALT DISNEY Swing oppurtinity DIS stock face a new swing opportunity in its level. The stock has a gap that not filled that created with high volume. The stock also in its contraction of volatility phase since its hit a resistance two time with each one of them its create a higher support. There is a good probability that the stock will break this resistance and move higher until it reach 153.5 $. Especially with S&P 500 index moving higher. So the trading opportunity can be described as following:
1- Buying Now with market price which is almost 132 $.
2- Stop loss can be put at the start of gap price which is 122.8 $
3- Taking profit can be either at 153.4 , or trader can protect her profit once price reached 153 $ and keep the stock move in higher levels.
Good luck.
NIKOLA - Short As Soon As Possible. The last analysis I did for Nikola was 2 weeks ago and I told you guys, if you want 20% profit buy Nikola and we saw it went up from 30 to $38. Now I think this is the moment to short because the next stop is 200D moving average (23) if the support level at 30 doesn't hold. GOOD LUCK