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15.94% gain in one day is not bad!Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders. Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021. This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article: Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202. New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
NASDAQ:WKHS
by GreenfieldAnalysis
6
AAPL: Another target, but the same key points.Hello traders and investors! Let’s analyze Apple today! First, it hit our target at $ 125.39, as we discussed in my last analysis (Dec. 1, the link to it is below, as usual), and now it is retesting the support level at $ 121.98 ., which is the most important support level for Apple in the short/mid-term. Apple must react and defeat the blue line in order to engage a new bull trend, but as long as it keeps trapped between the resistance at $ 125 and support at $ 121, we can’t expect much. If AAPL loses the purple line, we could see a sharper pullback. Let’s see the daily chart: The volume is lower than the average these days, and this tells me that this boring movement is just a correction, not a real sell-off. We have no clear reversal signs here, but if Apple loses the purple line, the next target would be the 21 ema. Below this level, only the black line at $ 112.59 would support the price, but it is too soon to say if it’ll actually hit there. I think the 21 ema is a more reasonable target for the short-term. But this doesn’t mean Apple is going to reverse its bull trend. It would be just a pullback, and usually this means opportunity. When Apple defeats the blue line, it’ll officially resume the bull trend. We just can’t possibly know when this will happen. This is my view for the short/mid-term, and if you liked it, remember to follow me to keep in touch with my daily analyses! And support this idea if you found it interesting! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
10
Falling wedge target reached! Will A&Edoublebottom trigger next?After hitting our target precisely on the 1hr chart a few candles back we can see here on the 4hr chart that we went a a pip or 2 above the target afterwards most likely fueled by fomo.We now see our pullback/correction taking place but if we can maintain support above our falling wedge target from here on out we will certainly trigger the Adam and ve double bottom as well which could lift us to 13.1k and give us the opportunity to potentially break out of an even bigger symmetrical triangle to an even higher breakout target...for now the bigger triangle may only be speculative but we will know based on what price action does the closer we get o is proverbial top trendline. Our current price range for now is still a huge pivot point/fulcrum where we could just rigger the adam and eve double bottom right away and head to 13.1k or we could instead see one last big bear dump as a last resort to fill that gap at 8.5k(slim probability but still possible). That's what makes this zone so pivotal and I will be watching to hopefully see price action maintain support above the falling wedge breakout target as a new base to build off of. If I see the probability of a double bottom breakout should be undeniable.
COINBASE:BTCUSD
by DrDovetail
1
falling wedge breakout target hit w/100% wick precisionillustrated here on the 1hr chart with a small hyphenated horizontal green line, we can see how perfectly the 1hr candle from 3 hours ago hit the breakout target of the wedge precisely and then retraced slightly....the proceeding 1hr candle(driven by fomo) has now taken us a pip or so higher than the projected target and the red 1hr candle that followed it is the correction we knew would eventually come after reaching the target. If price action can maintain itself above the hyphenated green line and can build a base of support here then probability is really good for the opportunity to trigger the Adam & Eve double bottoms(whose neckline we are currently well above). If we trigger that our necxt target is 13.1k! Of course if we were to ever dump and fill the 8.5 gap this seems like essentially the last price range where it could take a correction that far back, as Im sure once we clear 14k or so we probably will never go below 10k ever again. Anyways keep an eye out for the small chance of a possible last opportunity bear dump....beyond that we should be headed only onward and upward **not financial advice**
COINBASE:BTCUSD
by DrDovetail
1
Priceaction keeps knockin on the necklines door but cant come inyet another instance where the accuracy of TA absolutely astounds me. We can see when the price broke up on the first 4hr candle to leave the neckline behind that it hit the turquoise falling wedge's breakout target with exact precision the next candle made it as high as 11126 or so before coming back down and turning red on us and where did that candle stop its fall at? right back at the descending neckline of the inv h&s pattern where its continuing to find very solid support. Until it closes a 4hr candle back below the inv h&s neckline a fakeout won't be confirmed. For now it's still quite possible for it to bounce back up off the neckline and head back up to 11.2k possibly even the 12.3-12.5k range. Also possible to tank here and then head back down to 8.5k after confirming a fakeout. For now we remain neutral and vigilant until the whales make clear their next move.
COINBASE:BTCUSD
by DrDovetail