TECH
$NIO earnings play 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $21.31
Take profit: $27.50
Stop loss: $20
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$AERC september update 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team took the opportunity to average down on our $AERC position. We are expecting a bullish run before the end of the year, but if one happens sooner, we will of course act in our favor and do what we think is best.
4th entry: $3.60
Average PP/S: $4.8
If you want to see more, please like and follow us @SimplyShowMeTheMoney
MSFT daimond bottomThe diamond bottom pattern is not a common formation but is considered a strong bullish reversal pattern amongst technical analysts. This bullish reversal pattern first expands from the left-hand side and then contracts into a narrower range, until price breaks out above the resistance line and completes the pattern.
What happens next for AAPL?As you can clearly see on the chart, the AAPL price has been bouncing back-and-forth between 2 lines (“support” & “resistance”) dating all the way back to 1981!
However, with these 2 lines quickly approaching a point of convergence as the AAPL price approaches a new ATH, something’s gotta give.
And so I ask - what happens next?
Growth stock's hiatus ?Growth stocks outperform value stocks most of the time on a weekly chart of $VUG / $VTV, Vanguard's growth and value elf's respectively.
Since the start of the 2022 bear market that relationship has reversed and, in August 2022, broke both horizontal support as well as a 14 year long diagonal support.
These breakouts are being retested now, in January 2023. The outcome can impact both trading and long term investing strategy.
For reference:
$SPY in the bottom pane. Today's close: 400.35
Fib tool (not formal analysis)
NQ Reverts Off 618 Support ($11,6389)If you are short, stay very cautious.
This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line.
Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening.
Follow my research. This is just getting started.
TXN - Texas instruments (earnings)TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above.
TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already?
Based on the volume trends it looks like there is distribution occurring which could signal a sell after earnings even if the report is good.
MICROSOFT - EARNINGSMSFT is trading under key resistance as seen by the white trendline. The price action and trend still favors downside bias however there is a key gap fill around $257 that would be a perfect short level if it popped off of earnings.
Based off of the rally in the indexes, MSFT has been a lagger in tech which could be displaying relative weakness.
MNQ struggling to break resistance. Launchpad setting upIf you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ.
Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so.
Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as price attempts to break free of the downward trend channels.
If you have not been following my research, please check out my other TradingView posts and other resources.
The next 5+ years are going to be very surprising for traders/investors.
Get ready for a Wave-5 rally.
Apple - Whats Next?Apple filled a major daily gap today and had a significant intra day reversal off that level.
Apple being the largest weighted stock we have to always be aware of the technical levels. Hitting major resistance today makes it unlikely we see the markets rally significantly without positive news.
Since Apple moves the moves the market, if it cannot get through this key level expect the markets to trend lower.
AAPL vs TSLAAAPL (Top)
TSLA (Bottom)
Tesla likely did what AAPL is about to do next this is what i was referring to in my post from last night.
I think it's more than likely something like this plays out this year.
This would also entail nearly the same orderly sort of sell off nearly percentage wise (Obviously mkt cap size will be different)
TSLA may be leading ahead as it's preparing to take over AAPL as the SPY leader 👀
Is Coinbase Leading Bitcoin?Coinbase had an epic reversal in todays session: a Bearish Engulfing Daily Reversal to be exact. Just like Bitcoin had a multiday rally Coinbase has had a great multi day rally.
Hitting the next support will be telling for Crypto. If we lose key support on Coinbase - Bitcoin Liquidity will likely be strained.
Coinbase needs to recapture the red trendline for any meaningful move to continue...unlikely.
Tesla - What's next?Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support.
A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ.
The negative side for TSLA action today was the fact that the stock was up most in the premarket over 3% and ended up reversing down -2%.
Tesla : whast next?Tesla has had a good move off the lows. The individual price action does favor a continuation to the upside however markets are susceptible to weakness as they're into resistance. If markets break lower, most likely Tesla follows.
if TSLA fills the technical gap around $113 it may prove to be a good accumulation zone.
NAS100 Overbought - SELLOFF IMMINENT"Investors" aren't pricing in any risk. Notice the 4hr. reaching overbought RSI levels with low a ADX reading. The RSI is now falling off. Expecting ADX to move higher as a SELLOFF RESUMES with SURGE IN VOLATILITY $VIX. Protect your #kingdollar as the Fed is continuing to raise rates throughout 2023. NO RATE CUTS in sight. HEDGED with $UVIX $UVXY
BTC Detailed Top-Down Analysis - Day 125Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
125 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Double Bottom Setup on NAS100, Target at 13,600The main view of this trade idea is on the Daily Chart.
The heavily tech-weighted NASDAQ 100 Index (NAS100) is in a double bottom chart pattern setup. The Index sustained heavy declines in 2022. However, during the period October 2022 and December 2022, NAS100 held support around the 10,400 to 10,800 price zone. Initial resistance, or the middle of the W or Double Bottom pattern, is at the 12,000 price level. Pattern completion will be when the Index hits 13,600. This view will be negated if NAS100 declines below 10,400.
Technical Indicators
The technical indicators corroborates this view. NAS100’s Supertrend indicator recently turned to buy-mode on the Daily close on January 9th, 2023. This was supported by a positive crossover on the 75 Day Simple Moving Average a couple days later. The Awesome Oscillator has been showing positive momentum from January 4th 2023 while the Index’s RSI is above 50 and trending higher.
The intra-day trend following indicators of the NAS100 also display uptrends in the 15-Min, 2-Hour and 4-Hour time frames. Short to medium term support is seen around the 11,170 price level.
Recommendation
The recommendation will be to go long at market, with a stop loss at 10,400 and a target of 13,600. This produces a risk/reward ratio of 1.90.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
At the time of writing, I have exposure to NAS100.