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AMD Channel Down bottomed on RSI Bullish Divergence.Advanced Micro Devices (AMD) have been trading within a Channel Down pattern since the March 08 2024 All Time High (ATH). The pattern is currently on its 3rd Bullish Leg and is below its 1D MA50 (blue trend-line) for exactly the past 3 months. This Bearish Leg has however most likely come to an end as the 1D RSI is on Higher Lows against the price's Lower Lows, showcasing a Bullish Divergence similar to May 01 2024. As a result, we can expect the new Bullish Leg to start, with the previous minimum being +32.85%. Target $148.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
2
10 Technical Indicators Every Trader Uses for Trading10 Technical Indicators Every Trader Uses for Trading Technical analysis indicators are essential tools for traders to analyse every aspect of market movements, including market trends, momentum, volume, and volatility. This article explores ten key technical indicators you could add to your toolkit. Read detailing definitions, uses, and the signals they provide to potentially enhance trading strategies. To get started with these indicators, head over to FXOpen. Ichimoku Cloud The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a comprehensive technical analysis tool designed to provide a clear picture of market trends, momentum, and support and resistance levels. Considered one of the best stock market indicators, this Japanese tool is widely used for its ability to offer a panoramic view of the market. Definition The Ichimoku Cloud comprises five main components: - Tenkan-sen (Conversion Line): The average of the highest high and the lowest low over the past 9 periods. - Kijun-sen (Base Line): The average of the highest high and the lowest low over the past 26 periods. - Senkou Span A (Leading Span A): The average of the Tenkan-sen/Conversion Line and Kijun-sen/Base Line, offset by 26 periods ahead. - Senkou Span B (Leading Span B): The average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead. - Chikou Span (Lagging Span): The most recent closing price positioned 26 periods behind. These components create the "Kumo" or cloud, which projects future support and resistance levels. Signals 1. TK Cross: - Bullish Signal: Tenkan-sen crosses above Kijun-sen above the Kumo. - Bearish Signal: Tenkan-sen crosses below Kijun-sen below the Kumo. 2. Kumo Breakout: - Bullish Signal: Price breaks above the Kumo. - Bearish Signal: Price breaks below the Kumo. 3. Chikou Span Confirmation: - Bullish Signal: Chikou Span is above the price and Kumo. - Bearish Signal: Chikou Span is below the price and Kumo. 4. Kumo Twist: - Indicates a potential trend reversal when the cloud changes colour (from red to green for bullish, green to red for bearish). For cryptocurrency* trading, the standard settings (9, 26, 52) are often adjusted to 20, 60, 120 to accommodate the 24/7 trading cycle. More details on using Ichimoku in crypto* markets can be found on the FXOpen dedicated page​. Fibonacci Retracements Fibonacci retracements are a technical tool that helps traders identify potential areas of support and resistance in a given market. This method is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. In trading, key Fibonacci levels are 38.2%, 50%, and 61.8%, which are used to analyse potential reversal points. Definition Fibonacci retracements are widely used stock chart indicators that help traders determine where the price might reverse during a correction in a prevailing trend. The tool involves plotting horizontal lines at these key levels, calculated from a significant high to a significant low when the price corrects after a strong downward movement or from a significant low to a significant high when the price corrects after a strong upward movement. Signals 1. Support and Resistance Levels: - 38.2%, 50%, and 61.8% Levels: These are the primary retracement levels where the price is likely to reverse. 2. Trend Identification: - Uptrend: Place the tool from a swing low to a swing high. - Downtrend: Place the tool from a swing high to a swing low. 3. Trade Setup: - Entry Points: Traders often look for the price to reach and react at these levels before entering a trade. - Stop Loss: Typically set just beyond the nearest Fibonacci level the price targets. - Take Profit: Targets are often placed at the next Fibonacci level. For cryptocurrency* trading, settings may vary. We provide a detailed explanation on using Fibonacci retracements in crypto markets with adjustments to fit this unique trading environment​. Volume Weighted Average Price (VWAP) The Volume Weighted Average Price (VWAP) is a technical indicator that provides the average price an asset has traded at throughout a particular period (usually one day), weighted by volume. It offers a more comprehensive view than simple moving averages by incorporating both price and volume data and is considered one of the best intraday trading indicators. Calculation VWAP is calculated using the formula: - VWAP = Sum(Typical Price * Volume) / SumVolume, where Typical Price is the average of the high, low, and close prices for each period. Signals 1. Assessing Fair Value: A price above VWAP indicates overvaluation, while a price below suggests undervaluation. 2. Market Sentiment and Trends: - Bullish Trend: Price above VWAP. - Bearish Trend: Price below VWAP. 3. Support and Resistance Levels: - Support: VWAP acts as support in a bullish market. - Resistance: VWAP acts as resistance in a bearish market. 4. Entry Quality: - Entry near VWAP suggests buying or selling at a reasonable market value. For cryptocurrency* trading, the VWAP settings remain similar to traditional markets, but the tool's application may vary due to the 24/7 nature of crypto* trading. Check out FXOpen’s page on how to use VWAP in crypto markets for more information. Accumulation/Distribution Indicator (A/D) The Accumulation/Distribution (A/D) indicator is a volume-based tool that assesses the cumulative flow of money into and out of an asset. It’s widely used as an indicator for day trading. It helps traders determine the underlying buying and selling pressure, making it one of the valuable forex and stock indicators for analysing potential price trends and reversals. Calculation The A/D indicator calculates the Money Flow Multiplier (MFM), which ranges from -1 to 1 based on the closing price's position within the period’s high-low range. If the closing price is in the upper half, the MFM is positive; if in the lower half, it is negative. This multiplier is then multiplied by the period’s volume to get the Money Flow Volume (MFV). The A/D line represents the cumulative sum of these MFVs over time, reflecting net volume flow. Signals Identifying Reversals: - Bullish Divergence: Price makes lower lows while the A/D line makes higher lows, indicating waning selling pressure and a potential price increase. - Bearish Divergence: Price makes higher highs while the A/D line makes lower highs, suggesting decreasing buying pressure and a possible price decline. Trend Confirmation: - Uptrend: Both price and A/D line rise, indicating sustained buying pressure. - Downtrend: Both price and A/D line fall, showing continuous selling pressure. Trading Breakouts: - The A/D indicator can confirm breakouts beyond support or resistance levels. A breakout in price aligned with a similar movement in the A/D line signals the start of a new trend. Average True Range (ATR) The Average True Range (ATR) is a technical tool used to measure market volatility. It reflects the degree of price movement over a specified period, helping traders understand the level of volatility in an asset. Calculation ATR calculation includes several steps. Find more details in our article. Signals ATR does not indicate the price direction but rather the degree of price movement. Traders use ATR to make informed decisions about stop-loss levels and to gauge the potential for market moves. It’s one of the popular day trading indicators. 1. Volatility Measurement: - A high ATR value indicates high volatility, while a low ATR suggests low volatility. This helps traders adjust their strategies based on market conditions. 2. Setting Stop-Loss Levels: - Traders often set stop-loss orders at a multiple of the ATR value. For instance, a stop loss might be placed at twice the ATR below the entry price in a long position to account for volatility and reduce the risk of being stopped out prematurely. 3. Identifying Potential Breakouts: - Sudden increases in ATR values can indicate the start of a new trend or a significant price move, alerting traders to potential trading opportunities. Donchian Channel Indicator The Donchian Channel is a technical analysis tool designed to identify volatility, market trends, price reversals, and potential breakout points. It consists of three lines based on the highest high and lowest low over a specified period, typically 20 periods. Definition - Upper Boundary: The highest high over N periods. - Lower Boundary: The lowest low over N periods. - Middle Line: The average of the upper and lower boundaries. These lines help traders determine market volatility and identify potential buy and sell signals based on price movements. Signals 1. Tracking Volatility: - Widening Channel: Indicates high volatility. - Narrowing Channel: Indicates low volatility. 2. Identifying Trends: - Bullish Trend: The upper boundary rises while the lower boundary stays flat. - Bearish Trend: The lower boundary falls while the upper boundary stays flat. 3. Trading Breakouts: - Above Middle Line: Potential bullish signal. - Below Middle Line: Potential bearish signal. 4. Trading Reversals: - In range-bound markets, the upper boundary acts as resistance and the lower boundary as support, guiding traders to close or open positions accordingly. Chaikin Money Flow (CMF) The Chaikin Money Flow (CMF) is a volume-weighted average indicator measuring the buying and selling pressure on an asset over a specific period, typically 20 or 21 periods. It combines price and volume data to provide insights into market sentiment and potential price movements, making it one of the key forex and stock market technical indicators. Calculation The CMF calculation involves three main steps: - Money Flow Multiplier (MFM): (Close - Low) - (High - Close) / High - Low. This value ranges from -1 to 1 and is positive when the closing price is in the upper half of the period's range and negative when in the lower half. - Money Flow Volume (MFV): Calculated by multiplying the MFM by the period's volume. - CMF Value: The sum of MFVs over the period divided by the sum of volumes over the same period. The resulting CMF values fluctuate between -1 and +1, providing a visual representation of money flow into and out of the asset. Signals 1. Trend Strength: - Positive CMF: Indicates buying pressure, suggesting a bullish trend. - Negative CMF: Indicates selling pressure, suggesting a bearish trend. 2. Trend Reversal: - Bullish Divergence: Occurs when the price makes lower lows, but the CMF makes higher lows, indicating a potential reversal to the upside. - Bearish Divergence: Occurs when the price makes higher highs, but the CMF makes lower highs, indicating a potential reversal to the downside. 3. Breakout Confirmation: - A breakout in price above/below a key level accompanied by a breakout in the CMF value above/below previous highs/lows can confirm the strength of the move. Average Directional Movement Index (ADX) The Average Directional Movement Index (ADX) is an indicator traders apply on a chart to measure the strength of a trend. It is particularly useful for traders who want to determine whether a market is trending or ranging. Definition The ADX consists of a single line that fluctuates between 0 and 100. It does not indicate the direction of the trend but rather its strength. The standard ADX setting is a 14-period, but this can be adjusted to suit different trading styles. - 0-25: Indicates a weak or non-existent trend. - 25-50: Signals a strong trend. - 50-75: Suggests a very strong trend. - 75-100: Reflects an extremely strong trend. Signals 1. Trend Strength: - A rising ADX value above 25 indicates a strengthening trend, regardless of whether it is bullish or bearish. - A falling ADX below 25 suggests a weakening trend or a ranging market. 2. Trend Momentum: - When ADX peaks and starts to decline, it can signal a potential weakening of the current trend, indicating that traders might consider closing or reducing positions. Combining ADX with DI Lines The ADX is often used in conjunction with the Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI) lines: - +DI > -DI: Suggests a bullish trend. - -DI > +DI: Indicates a bearish trend. A rising ADX alongside these signals confirms the strength of the current trend. Traders use this indicator to enter trades. For this, they look for ADX to rise above 25 to confirm the beginning of a strong trend before entering trades in the direction of the trend indicated by the +DI and -DI lines. Commodity Channel Index (CCI) The Commodity Channel Index (CCI) is a momentum-based indicator that measures the deviation of an asset's price from its historical average. It helps traders identify potential overbought or oversold conditions, trend reversals, and divergence signals. Calculation - CCI is calculated using the formula: CCI = (Typical Price − SMA) / 0.015 * Mean Deviation, where: - Typical Price = (High + Low + Close) / 3 - SMA = Simple Moving Average of the Typical Price - Mean Deviation = Average of the absolute differences between the Typical Price and its SMA The constant 0.015 normalises the CCI values, ensuring that approximately 70-80% of the values fall between -100 and +100. Signals 1. Overbought and Oversold Conditions: - Above +100: Indicates the asset is overbought, suggesting a potential price pullback or a downward reversal. - Below -100: Indicates the asset is oversold, suggesting a potential pullback or an upward reversal. 2. Trend Reversals: - Bullish Divergence: When the market is making lower lows while the CCI makes higher lows, potentially preceding a bullish reversal. - Bearish Divergence: When the market is making higher highs while the CCI makes lower highs, potentially preceding a bullish reversal. 3. Trade Entries: - Traders consider entering long positions when CCI breaks above -100 from below. - Conversely, traders might enter short positions when CCI moves below +100 from above. Keltner Channel The Keltner Channel is a popular technical analysis tool used to determine market trends, price volatility, and potential reversal points. It consists of three lines: an exponential moving average (EMA) in the middle, and upper and lower bands calculated by adding and subtracting a multiple of the Average True Range (ATR) to the EMA. Definition The standard settings for Keltner Channels typically use a 20-period EMA and an ATR multiplier of 2. These settings can be adjusted to suit different trading styles and timeframes, making Keltner Channels effective technical indicators for day trading. The EMA provides a smoothed average price, while the ATR measures volatility. The bands expand and contract based on market volatility, creating a channel around the price. Signals 1. Trend Identification: - Upward-Sloping Channel: Indicates a bullish trend. - Downward-Sloping Channel: Indicates a bearish trend. - Flat Channel: Suggests a ranging market. 2. Dynamic Support and Resistance: - The upper and lower bands of the Channels serve as dynamic levels of support and resistance. Price action within these bands can help traders identify potential entry and exit points. 3. Breakout Signals: - Bullish Breakout: Price closing above the upper band. - Bearish Breakout: Price closing below the lower band. The Bottom Line These ten technical indicators could be added to your toolkit to potentially enhance your trading strategies. By understanding their signals and applications, traders can better navigate the worlds of forex, stocks, commodities, and cryptocurrencies*. Open an FXOpen account today to access advanced trading tools and start implementing these indicators in live markets. FAQs Which Types of Trading Indicators Are Common to Use? 4 common types of technical indicators include trend (Moving Averages, ADX), momentum (RSI, Stochastic Oscillator), volume (On-Balance Volume, VWAP), and volatility (Bollinger Bands, ATR) indicators. These help traders analyse trends, momentum, volume, and volatility​. How Many Indicators Should a Trader Use? Traders often use 2-3 indicators to avoid overcomplication and conflicting signals. Combining different types of indicators can provide a more comprehensive analysis​. Why Do Indicators Fail? Indicators can fail due to market volatility, news events, and their inherent lag. They may also produce false signals in choppy markets. Combining indicators with risk management can potentially improve reliability. Is It Better to Trade Without Indicators? Trading without indicators, known as price action trading, can be effective for experienced traders. However, using a few indicators can provide valuable insights and confirm price movements for most traders​. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Nightly $SPX / $SPY Scenarios for 1.30.2025🔮 Nightly SP:SPX / AMEX:SPY Scenarios for 1.30.2025 📅 Thu Jan 30 ⏰ 8:30am 📊 Advance GDP q/q: 2.7% (prev: 3.1%) 📊 Unemployment Claims: 221K (prev: 223K) 🌎Global Events: 🇪🇺 European Central Bank Meeting: The ECB is expected to announce its monetary policy decision, with markets anticipating a rate cut. 🇩🇪 Germany GDP Release: Germany will publish its GDP figures, providing insights into the health of Europe's largest economy. 💹 Market Insights: 📈 GAP ABOVE HPZ: A further gap up would lead to it holding for a little, then chopping near the EEZ. 📊 OPEN WITHIN EEZ: Markets might overreact, but this meeting was void of new information. All things markets knew beforehand. 📉 GAP BELOW HCZ: We will likely bounce hard from these lower levels and hold higher. #trading #stock #stockmarket #today #daytrading #charting #trendtao
SP:SPX
by PogChan
AliBABA Remains In A Larger Bullish Triangle PatternAlibaba is up after the company releases AI model it says surpasses DeepSeek-v3. Alibaba with ticker BABA is trading sideways for two years, but we are tracking a larger bullish ABCDE triangle pattern in circled wave B before we will see a continuation higher for circled wave C. With recent rebound away from the lower triangle line due to the release of AI model that surpasses DeepSeek, seems like subwave C is finished and it's now rising within wave D which can recover the price back to the upper triangle line before we will see another and final wave E slow down to complete a triangle in circled wave B.
NYSE:BABALong
by ew-forecast
NVIDIA hit its 1W MA50 after 2 years! One last rally left?NVIDIA Corporation (NVDA) opened significantly lower on Monday following the DeepSeek news on more efficient and lower cost A.I. competition and by doing so, the price hit its 1W MA50 (blue trend-line) for the first time in 2 years, resulting in Tuesday's very strong rebound. We have to go back to the week of January 23 2023 to see NVDA trading again on the 1W MA50, which became the major Support of the Channel Up pattern that took it off the 2022 Inflation Crisis bottom. So the question is, does NVIDIA have fuel left in the tank for one more rally? Technically the answer is yes and it can be found on the stock's price action since July 2015. As you can see, the price has gone through 3 similar eras of Bull Cycles through Channel Up patterns and subsequent Bear Cycles of strong corrections that touched the 1W MA200 (orange trend-line) before initiating the new Bull. From the Bear Cycle bottom to the Bull Cycle's top, NVIDIA took around 1100 days (1162 during the 2015 - 2018 Cycle and 1071 during the 2019 - 2021 Cycle). Assuming the current Cycle will be at least as long as the last one (1071 days), the stock's Top is expected to be around September 2015. It was in fact around this time during the last Cycle (Feb 2021) when NVIDIA touched again its 1W MA50, resulting into a new rally phase, the last one of the Cycle. This historic price action shows that during its last year, the stock always makes a January - Oct/Nov rally. When the 1W MA50 gets hit again, it is when the new Bear Cycle is confirmed. As a result, based on this data set, we've entered NVIDIA's final rally of the Cycle, assuming of course it doesn't close a candle below the 1W MA50 and also that the 1M RSI recovers its MA trend-line (yellow), which also happened again during its previous Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
RTX Bullish Momentum – Move Toward $131.00 ExpectedNYSE:RTX is demonstrating strong bullish momentum, supported by moving averages and consistent upward strength in price action. The recent push above $125 confirms that buyers are in control, and suggests a likely continuation toward the $131.00 level. A pullback toward $125–126 could provide an opportunity for buyers to step in, maintaining the rally's trajectory. This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels.
NYSE:RTXLong
by THE-BUFFALO
1
Nightly $SPX / $SPY Scenarios for 1.29.2025🔮 📅 Wed Jan 29 ⏰ 2:00pm 📊 Federal Funds Rate: 4.50% (prev: 4.50%) 📜 FOMC Statement ⏰ 2:30pm 🎙️ FOMC Press Conference 💡 Global Events: 🇺🇸 FOMC Meeting: Market-moving interest rate decision and policy updates. 🇪🇺 Eurozone GDP: Preliminary Q4 GDP data for the Eurozone could impact global sentiment. 💡 Market Scenarios: 📈 GAP ABOVE HPZ: A further gap up would lead to it holding a little, then chopping down to EEZ. 📊 OPEN WITHIN EEZ: Semis haven't recovered yet, so there's a leg higher in the markets. Looking for a chop after. 📉 GAP BELOW HCZ: Due to the ongoing momentum, we will get a massive recovery in 1-2 days and go back to 6050. #trading #stock #stockmarket #today #daytrading #charting #trendtao
SP:SPXLong
by PogChan
NVIDIA Retesting The Resistance! Sell! Hello,Traders! NVIDIA gapped down massively On the DeepSeek news and Went further down after the Opening, but then a gap closing Move started and the price is now Retesting the horizontal resistance Around 130/132$ which also Happens to be the gap's opening Level so based on technical analysis We might be expecting a local Bearish pullback from the resistance Sell! Comment and subscribe to help us grow! Check out other forecasts below too!
NASDAQ:NVDAShort
by TopTradingSignals
4
Micron Technology - The Textbook Chart!Micron Technology ( NASDAQ:MU ) is retesting massive support: Click chart above to see the detailed analysis👆🏻 For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs. Levels to watch: $90, $180 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MULong
by basictradingtv
18
DeepSeek AI | TechStocks Crash | NVIDIA down -17%On Monday (yesterday), Wall Street reacted wildly with the release of Chinese AI app DeepSeek. Throughout the day, roughly 1 Trillion US Dollars was wiped from the stock market, largely from chip and tech stocks suck as Nvidia which caused a larger sell-off. OpenAI CEO Sam Altman called it an "impressive model" and POTUS Donald Trump said that it should be a "wakeup call for our industries". The bright side of this, is that there can be some excellent entry points found across the market after the sell-off. _______________ NASDAQ:NVDA
NASDAQ:NVDA
by CryptoCheck-
SCHW's Weekly Pour: A Cup, a Handle, and a Bullish Refill?Been tracking SCHW, and this chart is shaping up to be something big—potentially a breakout from a range that’s been developing since early 2022. Price is pressing up against key resistance around $95-$100, and a clean break above this level could confirm a multi-year breakout, opening up the possibility of a much larger trend move. With Fibonacci extensions lining up at $150 and $200, this could be one of those slow-burn setups that eventually pays off in a big way. Let’s break it down. Fibonacci Extensions and Multi-Year Price Targets The way this chart is structured, $95-$100 is the final boss. If price convincingly clears that level, it breaks a massive range that’s been in place for over two years. If that happens, $150 (the 161.8% Fib extension) and $200 (the 261.8% extension) are the next major upside targets. These aren’t short-term price points—this is the kind of move that could play out over multiple years. But historically, when a stock coils for this long and then breaks out, the measured move potential is huge. Moving Averages and Long-Term Trend Shift Right now, we’ve got price trading above both the 50-week and 200-week moving averages, signaling that momentum has already started to shift. The 50-week MA is curling upwards, and if we see it hold above the 200-week, that would mark a long-term trend shift that typically aligns with sustained upside moves. Mapping Out the Breakout Scenarios If we do get a breakout, here’s how I see it playing out: 1️⃣ Break Above $100 → Multi-Year Uptrend Begins – A confirmed break and hold above $100 shifts the entire structure bullish, setting up an eventual run to $150 and possibly $200 over the next couple of years. This would be the full resolution of the pattern that has been developing since early 2022. 2️⃣ Rejection at $95-$100 → Pullback Before Breakout – If price gets stuffed at resistance, we could see a pullback to the $75-$80 zone before another breakout attempt later in 2025. This would act as a final shakeout before the bigger move. ---------------------------------------------------------- All eyes on $95-$100. That’s the level that determines whether this just grinds sideways for another year or finally starts a major new uptrend. If it breaks, we’ve got a clear roadmap to $150 and $200 in the coming years. Curious if anyone else is watching this. Are we about to see the start of something big, or is there one more fakeout before the real move? Not financial advice. Just charting things out. Let’s see what happens.
NYSE:SCHWLong
by seaphoss
APPLE Strong buy on the 1D MA200 targeting $260.Apple Inc. (AAPL) has been trading within a 2-year Channel Up and the recent correction since the December 26 All Time High (ATH) is its technical Bearish Leg. The price posted a strong rebound yesterday following a test of the 1D MA200 (orange trend-line), the first such contact since May 08 2024. With the 1D RSI touching the oversold barrier (30.000) and rebounding, this is technically a strong buy opportunity at least for the medium-term, as it's not a direct Higher Low of the Channel Up. Since December already completed a +59% rise from the April 19 2024 Low, we might be having technically a medium-term rebound similar to the October 26 2023 one that re-tested the High's Resistance (at the time). As you can see both corrections have hit the 0.618 Fibonacci level. As a result, we treat this as a solid buy opportunity to target $260. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
NVIDIA (NVDA): DeepSeek’s AI Shakeup Sends Nvidia PlummetingNvidia is down an astonishing 15% in just a few hours. The primary driver? Fundamentally, the announcement of Chinese startup DeepSeek has sent shockwaves through the market. This previously unknown company reportedly holds a significant number of Nvidia chips and claims to have developed an AI superior to ChatGPT with just a $6 million investment. This disrupts the entire tech landscape, as companies like Google and others are pouring billions into AI research and development. The news casts doubt on the competitive edge of industry giants, and Nvidia is caught in the crossfire, given its strong ties to AI development and chip demand. From a technical perspective, Nvidia recently respected the upper boundary of its volume profile but failed to break above it—a likely factor contributing to this sell-off, though the DeepSeek announcement remains the major catalyst. The price has now dropped back to the Point of Control (POC) at $120, leaving a significant gap behind. While a complete gap fill would be surprising in the short term, it’s not out of the question. However, we’re not looking to catch a falling knife here. Given the uncertainty around potential developments with DeepSeek, caution is important. Our current plan is as follows: We are keeping the stop-loss for our first position at $114.50 to limit risk. A second entry is being considered in the range between $111 and $106.70, as this aligns well with both the wave ((ii)) structure and the volume profile. This plan is not yet finalised, as we’re closely monitoring how the situation unfolds. For now, patience is key, given the volatility and the ongoing uncertainty.
NASDAQ:NVDA
by freeguy_by_wmc
1
Technical Analysis on SBC Medical Group (28/01/2025)Neutral Outlook with Key Support at 5.00–5.08 Price Action Analysis SBC Medical Group Holdings Incorporated (NASDAQ: SBC) is currently trading at 5.08 on the day. Over the past week, the stock has shown consolidation within a narrow range of 5.02–5.13, reflecting a balance between buyers and sellers. The 1-hour chart highlights a lack of decisive momentum, with prices hovering near the $5.08 level, suggesting short-term indecision in the market. Immediate Support: The 5.00–5.02 zone has emerged as a critical floor, with the stock rebounding from this level multiple times in recent sessions. A sustained break below $5.00 could signal bearish pressure. Resistance: The upper boundary lies at 5.08–5.13, where the stock has faced selling interest. A close above 5.13 level may retest the previous high in November levels. Trading volume remains subdued, averaging between 33,950–38,980 shares, consistent with consolidation phases. The absence of significant volume spikes indicates limited institutional participation and reinforces the neutral near-term bias. While momentum indicators like the Relative Strength Index (RSI) are not explicitly provided, the sideways price action suggests a neutral RSI reading (near 50), aligning with the lack of overbought or oversold conditions. SBC’s price action reflects a “wait-and-see” approach among market participants. For now, the stock appears anchored near its 5.08 pivot point level. Traders may consider range-bound strategies (e.g., buying near 5.02) until a breakout occurs.
NASDAQ:SBCLong
by dibora_yen91