U.S. default A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question: "Will the national debt ceiling be raised or will the U.S. default?" The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these...
NASDAQ:NVDA is in the narrow channel with the 380-390 zone now being critical for a downside reversal as the stocks are hitting the five waves upside and are offering possible excellent trade
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be...
From a technical point of view, NASDAQ:NVDA 's trend is bullish on daily and intraday charts, and after some correction, NVIDIA Stock should trigger at least the latest rally. That said, if we look at 1H chart, we see a completed wave 3 and a corrective structure in play. The 309/303 support area should limit a potential pullback before a price recovery, , and...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nvidia just perfectly broke above the previous all-time-high which we created back in November of 2021 at the $340 level. You can also see that from a weekly perspective Nvidia stock is a little bit overextended towards the upside,...
European indices have been reddening for several days in a row. European Euro Stoxx 50 fell only -3% from the high, but this is just the beginning of a big drop and I will tell you why. Since the beginning of year, European indices have shown very good growth, which is not entirely supported by fundamental factors. Yesterday, on the channel, I already drew...
If you haven`t bought NVDA here: Then Analyzing the options chain of NVDA NVIDIA Corporation prior to the earnings report this week, I would consider purchasing the 360usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $31.75 If these options prove to be profitable prior to the earnings release, I would sell at least half...
We turned bullish last year mid October. We've turned short term bear every so often but have maintained the LONGER TERM Cautious bull narrative for some time. IMO buy the dips is still working. #NDX looking to open @ 2023 high IMO we still have more upside Debt ceiling ya ya ya (MARKETS ARE IRRATIONAL) HOWEVER!!!!!!!!!!!!!!!! On a WEEKLY basis: We can sell...
Although the latest Federal Reserve meeting minutes highlighted US economic resilience in banking, industrial production, and employment, Mitrade expects quarter-on-quarter growth for its GDP will fall from 2.6% to 1.1%. As the German GDP quarter-on-quarter is expected to recover from -0.4% to -0.1%, EUR/USD declined 20 pips to 1.0750. GBP/USD fell 43 pips to...
From October 2001 to July 2021, Amazon shares rocketed from $0.27 to a record-breaking high of $188, a stunning 70,000% rise. Remarkably, during the height of the Covid-19 pandemic, Amazon's stock surged 23%, contrasting sharply with the S&P 500's 19% dip. However, in late 2022, Amazon faced a downturn, with prices falling below the $100 mark. After hitting a...
NVIDIA soars to an all-time high after Q2 earnings far exceed expectations NVIDIA (NASDAQ: NVDA) shares hit new all-time highs on Thursday following the release of the company's robust Q2 earnings report, which showed a performance that far exceeded Wall Street's expectations. The tech giant's guidance for the next quarter also topped forecasts, leading to a...
New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81) We are trading at oversold extremes. Bullish divergence is expected to support prices. A break of the recent high at 31.58 should result in a further move higher. 31.58 has been pivotal. Although the bears are in control, the stalling negative momentum indicates a...
Hello,Traders! APPLE is trading in an Uptrend in a rising parallel Channel and the price is About to retest the rising Support from where a Rebound is likely Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Tesla just recently retested and rejected a quite nice support zone at the psychological $100 area which was acting as support. You can also see that over the past couple of weeks, Tesla has been forming a quite obvious weekly bullish...
Hello Traders, here is an example of how to trade a "WV" pattern which given the right conditions is a high probability trade setup. I'll let the chart speak for itself, however here are some key notes. A "WV" pattern by itself is a strong pattern, however its best to find setups which combine multiple factors. In the example above you have 2 strong factors: 1)...
In 2022, Facebook NASDAQ:META performed fantastically and fell -76% from its peak! On the channel, we warned that this was a gift of fate and shares should be bought, because the company still has a huge audience, revenue and profit. Yes, revenue is no longer growing at a rapid pace, but rather falling from quarter to quarter. But the company boldly declared...
In period 2021-2022, the entire Sp500 index was pulled by FAAMG (Facebook, Amazon, Apple, Microsoft, Google). Of all these five, Amazon looks weakest. Let's see why? Amazon is engaged in Internet commerce 🌐 During the pandemic, the company felt great, as many people were forced to stay at home and order goods online. However, covid ended and benefits...
MYX:EWINT showing signs of a small base, if it manages to break above 0.595 area, I feel the next target would be 0.65 thereabouts with stops below 0.565.