With the increasing hype around AI, NVDA has been on one hell of a run since the beginning of the year. Watching from the daily timeframe, NVDA is finally arriving at a major resistance/ weekly supply zone. It is currently consolidating into my favorite pattern! You guessed it, the wedge! Lol It is also completing wave 5 of the 1st major impulse wave in the...
The $VIX is trading within the symmetrical triangle, still. As mentioned many times over the last year this pattern can take many months to resolve. Long term traders have to be patient until this revolves. Short and intermediate time frame traders can use the tops and bottoms to implement buys and sells to maximize profit. It's what we've been doing. At the...
Bias: Quiet, choppy morning. FOMC released @2 ET so will most likely be narrow ranged until then Top Watches: Long - ETNB, OLLI, CVNA. Short - WOOF, LAZR, NKE. Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day...
My pre-market live forecast on Monday has not changed, a trend for the spx to rise and then fall this week Why do you say it's up and then down this week? It is clear that Downtrend2 is not divergence, and the decline is even stronger, even though there is a rebound on the 1-hour chart and the lows are moving up, the strength of the uptrend (pink line) is getting...
best buy @ 198-204. short term target 300. major target updates for members . this stock is one of the leaders in current bear market past 16 months
Public spending in the UK has exceeded government revenue by 16.7 billion pounds ($20 billion), aggravating the financial woes of the British government. Later today, Mitrade expects the UK year-on-year inflation rate to increase by 9.9%, slightly lower than 10.1% last month. GBP/USD then declined 62 pips to 1.2214, and AUD/USD fell 50 pips to 0.6668. EUR/USD...
20 SMA has crossed above 50 SMA in the 30 Mins Time frame, A breakout has also occurred. Nifty 50 looks to turn bullish in the short time frame which can be utilized. Entry @ 17100 SL @ - 0.5% TP1 @ 1.5% TP2 @ 2.0% Note: Only for educational purposes. DYOR before trading or investing.
We have two strong signals that can favor the Tesla bulls. The first one is the volume mentioned in the title. In the last days of December, 28 and 29, the TSLA stock saw its highest buy volume in two years. The last time this much buying happened was 17-December 2020... A long bull market followed. We have another interesting signal in the form of an oversold...
Very good zone to sell, set your take profit art the given chart level.
Will keep it short and sweet, Ive posted in the previous a parabolic curve break of SPY. Notice a harmonic patter forming after a failed retracement (Point C) of the .236. Until that breaks (can ultimately run to $460 and still perform this bearish outcome) Point D can bring SPY to $240. Also meeting the .886 Retracement.. to the dot.
Morgan Stanley - 30d expiry - We look to Sell a break of 83.18 (stop at 86.32) Short term bias has turned negative. There is no indication that the selloff is coming to an end. This stock fell 6.5 % last week. A break of the recent low at 83.28 should result in a further move lower. Short term MACD has turned negative. Our profit targets will be 75.33 and...
TSLA's stock price has been characterized by a high degree of volatility, with significant price swings occurring over short periods. From a technical analysis perspective, TSLA's long-term trend has been upward, with the stock price increasing from around $20 per share in 2013 to over $1,000 per share in early 2021. In November 2021 the stock price started a...
XRP has arguably been one of the weaker alts in the new year. Where most alts saw gains of well over 50%, XRP got stuck around the 25% mark... Until today. Today marks the day that XRP has broken out of a long-term resistance. Seeing the size of the candle, I'd wager that this is the start of a longer-term trend change, given that BTC will not sell off hard in...
Hello,Traders! APPLE broke the neck-line Of the H&S pattern that The stock formed below a Horizontal key level And the breakout is confirmed Thus, we are bullish biased And we will be expecting A move up Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
On the chart we can see a double top occurring for LLY. The RSI is showing a bearish hidden divergence and the last candle is bearish as well. We are expecting it to break the current support level, and hit our target. More details are shown on the chart. Good luck!
Here we are looking at USOIL on the Weekly TF… Currently USOIL finds itself at crucial support, so let’s begin by analyzing where its currently at, and why this zone is relevant. As you can see the horizontal yellow line represents current support. This line began as strong resistance back in April of 2019, and flipped to macro support in May of 2021, and has...
Price Action Analysis on NIKE, Inc On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area. Fundamental Drives - China sales rebounded further due to ending its zero covid...
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting, investors are keeping a close eye on key levels and stocks that may experience significant movements. In this article, we will discuss the potential scenarios for the S&P 500 Index (SPX), Nasdaq 100 (QQQ), and several prominent stocks, as well as the importance of the FOMC meeting...