$QQQ Analysis$QQQ has been trading in sideways range since making an all time high at $408.71. If $380 can hold, there is a good chance we get a retest of upper levels. With that being said, these levels play both ways. $QQQ below $380 would be a great short and I will certainly be watching for this opportunity if it presents itself.
Support: $380.00, $378.00, $370.00
Resistance: $386.00, $397.20
TECH
MSFT breaking to the downsideBig breakout candle on MSFT,
Just closed below the trendline on the ascending triangle.
Opening already below yesterday's low.
Might wait to see if it pushes higher at open and look for an opportunity to short it.
Also has a gap that can be filled
Entry: 315.90
Targets: 312.40 / 305.80
**Disclaimer: This is just a trading idea, not a financial advice**
TQQQ Will continue to up side or pulls back more?!! Not a Financial Advice !!
Today was a bit of relief as the market pulled up after Wednesday's bloodbath.
TQQQ Has major support in the $140 area, local support of around $145.
Strong resistance around $155 is between us and a sweet profit at 0.5 FIB level in the chart around $170.
Palantir may have bottomed today! Start of THE next bullrun? Hello everyone,
please see my current video idea on the Palantir stock, where my count suggests a possible bottom with price target to around 220 $ area. This would be equal to a 1200% increase.
This is no financial advice, just my technical expertise.
RT
ATOS: Selling rallies as lower prices are expectedATOS - Intraday - We look to Sell at 38.73 (stop at 41.72)
The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 38.73, resulting in improved risk/reward.
Our profit targets will be 30.60 and 28.00
Resistance: 38.74 / 41.13 / 47.16
Support: 36.40 / 36.00 / 34.62
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Xiaomi bottomed - We are heading towards new All-time highs!Hey Investor,
please see my current idea on the Xiaomi stock, where my count suggests a possible bottom for a trend reversal in order to make new highs. This is calculated based on my Elliot Waves Count by the fact, that wave C has the same length as wave a.
I have checked the inner structure of wave C in order to check the inner structure of this wave. Based on this knowledge I am very confident that we might have our bottom here.
Let me know what you think.
This is no financial advice, just my technical view.
RT
$NDQ #QQQ $QQQ pulling a Wu-Tang patternlooking at the 1hr chart, there is a classic W pattern formation going on here. December was a tough month for tech, and looks to be finally recovering. This weeks moves show a break above the prior down channel, with tightly wound consolidation. TBH I see this going in either direction, but with the tax loss harvesting done for 2021, my money is on volume buy-ins this month, with a beginning of a reversal in March when tapering is ending and rates are set to go up.
NFA
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
Novacyt ALNOV Graham Mullis, CEO of the Novacyt Group, commented:
“Novacyt continues to process COVID-19 tests for current and future demand. We continue to ensure that innovation is at the center of our strategy and that our growing portfolio of COVID-19 tests is available to clients in private and public healthcare facilities to expand existing partnerships and support new partnerships. Throughout the pandemic, the demand for NHS testing has remained a key priority for the company and the award of the contract under the National PHE Microbiology Framework is a testament to our continued commitment.
“We believe that our long-term strategy also supports the growth of Novacyt after COVID-19. In particular, our progress and growth potential in the private sector will not only help us maximize the opportunity for COVID-19 testing, but also ensure that we are well positioned, along with technologies and partners, for sustainable growth. beyond COVID-19. We therefore believe that Novacyt is well placed to continue to develop its business transformation. "
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About the Novacyt Group
The Novacyt Group is an international diagnostic company generating a growing portfolio of in vitro and molecular diagnostic tests. Its main strengths lie in the development, marketing, design and manufacture of diagnostic products. The main business units of the Company include the Primerdesign and Lab21 products, providing a wide range of high quality assays and reagents worldwide. The Group directly serves the microbiology, hematology and serology markets as well as its global partners, including large companies.