Amazon - The +150% All Time High Breakout!Amazon ( NASDAQ:AMZN ) is hugging the previous all time high:
Click chart above to see the detailed analysis👆🏻
Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle.
Levels to watch: $190, $500
Keep your long term vision,
Philip (BasicTrading)
Stockstobuy
Microsoft - We Will See A Correction!Microsoft ( NASDAQ:MSFT ) can actually create a correction:
Click chart above to see the detailed analysis👆🏻
Microsoft is one of the strongest stocks over the past decade and also over the past couple of months, there was no clear sign of weakness. Therefore, it is actually not extremely likely that a correction will happen, but if it does, this will offer a long term texbook trading opportunity.
Levels to watch: $420, $350
Keep your long term vision,
Philip (BasicTrading)
Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs:
Click chart above to see the detailed analysis👆🏻
This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
ADVANCED MICRO DEVICES - Ready for a reversal?NASDAQ:AMD is retesting a significant horizontal structure and we might see a bullish reversal soon, considering that AMD already created a correction of -45% over the past couple of months.
Click chart above to see detailed analysis
AMD is clearly one of these "AI" hype stocks which is now coming back to normal levels after also NVIDIA and other tech stocks are correcting a bit. AMD has been trading in a rising channel formation since the "Covid" crash back in 2020. With the recent break and retest, we could definitely see a bullish reversal soon.
Levels to watch: $120
Keep your long term vision,
Philip - BasicTrading
Amazon - Why is there no resistance?NASDAQ:AMZN broke out of a long term consolidation phase and is starting a massive rally.
Every major consolidation is followed by a major breakout. And if the overall trend is bullish, a bullish breakout is more likely to happen. Last month Amazon finally broke above a multi year resistance level and is now heading back to the top of the rising channel formation. If we actually get a retest of the breakout level, you can then simply enter a long position.
Levels to watch: $180, $380
Keep your long term vision,
Philip - BasicTrading
Two stocks that are in accumulation right now to buy for huge gaSphere 3D Corp. (NASDAQ:ANY) and EHealth (NASDAQ:EHTH) are showing great buy setups. ANY is a BTC mining company similar to MIGI and both are showing huge volumes on charts in anticipation of BTC halving and Crypto bull run.
Disclaimer: Do your own analysis before investing or trading. This is not a financial advice.
Value Investing: STOCKS to watch in 2024Hi Traders, Investors and Speculators of Charts📈📉
Welcome to 2024🥂🥳
After great feedback from the altcoin list, I'll be doing a series on top stocks to watch for 2024, all in one post for your convenience!
Stocks I'll focus on include:
📢 Undervalued stocks
📢 Stocks with great upside potential
📢 New stocks to watch
I'll keep adding/updating one by one to the bottom of this post, so make sure you bookmark and follow!
1) AMEX:PSIL
The AdvisorShares Psychedelics ETF (NYSE ticker: PSIL) invests in the emerging psychedelic drugs sector, offering exposure to those biotechnology, pharmaceutical and life sciences companies we see as leading the way in this nascent industry.
TESLA I Rise Coming SoonWelcome back! Let me know your thoughts in the comments!
** TESLA Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Stocks I'm Hunting Longs on This WeekIn this video, I go over a list of stocks I'll be looking for strength in, to hop into longs on. I go over levels I'll be watching, and what would negate said interest.
I run scans each week, to look for ideal candidates for the following week (Longs). My scan this week provided me over 300 Stocks, and these are the ones I believe show the most promise.
As always, good luck, have fun, and practice solid risk management.
AMD -> Targeting The All-Time-HighHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
Just a couple of months ago AdvancedMicroDevices Stock perfectly broke above a major monthly downtrend line and since then created a bullish rally of roughly 70%.
On the weekly timeframe you can see that AMD just retested previous weekly structure at the $108 level and in confluence with a 50% fibonacci retracement level I do expect the continuation towards the upside from here.
The daily timeframe however is currently not bullish on AMD and the stock is retesting resistance at the moment so I am waiting for a bullish break back above the structure before then the daily timeframe is perfectly aligning with the overall long term bullish picture.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
weworkpossible price structure for wework, the a falling wedge pattern forming and i expect a breakout in the coming months, also notice the volume
AMD -> Uptrend Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD is actually approaching a quite nice previous weekly support/resistance area which is now turned resistance again.
You can also see that weekly market structure is beautifully bullish, AMD is always creating new higher highs and higher lows, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside potential.
On the daily timeframe you can see that AMD is showing some rejection at the $110 level which was also previous daily resistance, so I am now just waiting for a retest of the $98 level before I then do expect a new fresh rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ADBE ADD TO WATCHLIST!🔸️Ticker Symbol: ADBE🔸️Timeframe: 4 Hour🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: ADBE on the 4H timeframe is setting up nice to see an increase in value if we can stay in this current trend. Our white line representing money momentum on the bottom dashboard indicator is shifting to the upside and we also have a green middle band illuminated meaning bull market momentum. The final confirmation that I want to be looking out for is a green dot meaning a key ema crossover to the upside which would just give me added confirmation that taking a long position on ADBE could result in some nice gains. Thanks for following!
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