SPX Week in Review (log)Hello community,
A quick look at the SPX trend weekly.
We are still in an uptrend, as shown by the indicator.
It remains to be seen whether the US elections will shake up the market.
The chart shows the volume accumulation zones.
The orange line represents the 200-period simple moving average.
For my part, I am not worried.
Make your own opinion before placing an order.
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Stocsk
NVDA (H1) Nvidia stock was able to break the historical resistance with a tail and close below it, however we are looking for greater positivity and therefore we are looking to buy from levels of 127.78 with an hourly closing stop below levels of 124.46.
Second scenario: If we do not get a price action signal at 127.78 levels, we look to buy the second 4-hour peak while getting oversold signals at 121.85 levels with a stop loss of an hourly candle below 118.00 and our target is to break the historical peak at 140.74 levels.
NASDAQ:NVDA
SNDL BUY/LONG NOW READY! (LAST CALL FOR ENTRY) 0.7-3.00TICKER CODE: SNDL
Company Name: Sundial Growers Inc.
Industry: Healthcare | Drug Manufacturers - Specialty & Generic | Canada
Position Proposed: BUY
Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge Completed
4. 1st Take Profit will hit the key Impulse of the massive sell
Entry: Now Ready (0.65-0.7)
1st Partial Take Profit: 3.00
2nd Take Profit: 4.10
Expected Take Profit in July - December 2021