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Bursa Malaysia Technology IndexBursa Malaysia Technology Index - 7 months of retracement since November 2021. - At its Major Support for potential bottom without lower low price action. - Will the Tech stocks after 7 months of retracement go for a range bound recovery trade? - A bullish tech rally will only be seen once evidently proven the index rally past its midpoint for price action rally. - Bursa Malaysia Tech stocks that have in a consensus been through a 7 months of retracement are all showing good price action of sideways consolidated bottoming.
MYX:TECHNOLOGYLong
by The_3_Lines_Trader_TFM
semiconductors climbing out of the holeright now major indices and the nasdaq especially is banking on semis carrying a significant bounce out of the giant hole they have dug for themselves and us all. it follows that if we can hold 15.80s breaking 16.80s and continue with TRAMA staying over VWMA with both averages rising together that we should hae the go ahead to close the gap around 18.60s (strange that the decimal and integer are inverted 🤔 for either target). should ve a mega green day if we just manage to keep oscillators headed toward overbought with the price making higher lows.
AMEX:SOXLLong
by cerealpatterns
4
NASDAQ technical bounce as expectedPreviously, with a hit on target, a technical bounce was expected, and the end of last week... it happened! The NASDAQ weekly is leading the charge with an overwhelming bullish candle for the week. MACD histograms are thinning out and weekly MACD are about to cross over. Using the simple arrows, projections bring the NASDAQ to 13,600 where it should meet the weekly 55EMA. The daily chart shows a clear break out to the HULL moving average, and has MACD crossed over already. The week ended with a bullish marubozu. Bullish clearly...
CME_MINI:NQ1!Long
by Auguraltrader
NASDAQ - Pick your crash 30% 40% 55% or 70%Comparing trading channels to key price levels in the NASDAQ. Price has already hit 30% pull back. Given inflation and rate increases the NASDAQ is going down more, at least to the bottom of the green channel and probably touch the top of the black channel at around 40% loss. We should see strong support in this area as it is both channel support and Feb 2020 top. If inflation can't be tamed and we really do go into recession in 2023/2024, then the lower levels of 55% and 70% become a possibility, unlikely, but tell that to the investors of 2000 and 2008. IMO, if the Fed created this bubble with tons of QE and low rates and now they are doing the exact opposite, then the obvious answer is that the market is going to go down accordingly. The question is just how far will the Fed need to go and is willing to go to get inflation under control versus propping up markets. 1W 1D
CME_MINI:NQ1!
by Dr_Roboto
NASDAQ breaks down hard... and there is momentum indicating that there is more downside, extending beyond the last low. Weekly chart ended the week with a marubozu type candlestick where the close is at or near the low, suggesting downward momentum is strong. This is seen in the daily chart where the breakdown occured on Thursday and strongly pushed down to then Friday very near the low. The increasing candlestick length suggests similarly as well. While the weekly technical indicators are not as bearish yet, the daily technicals are indicating a down week to follow, extending beyond the last recent low, perhaps for a day or two. 11,000-11,200 becomes a critical support level for the next week. Let's see how early next week turns out... whether there is more downside (as Monday reveals down) or a spike down and stall. Currently expecting the former, with space up to a further 10% downside. Stay safe!
CME_MINI:NQ1!Short
by Auguraltrader
semiconductors likely have some continued downsidesoxl is pretty much plummeting if we get a significant gap down and cant set a higher low 4hr the 15 minute trend will continue downwards until the 4hr is bullishly diverged stoch, rsi a lot of people are covering, and that may lead to some squeeze, but the over all trend is down if we close gap from either direction, and it looks like it is setting a lower high 4hr i would continue to sell semis. if we close gap from either direction and it looks like the test was sucessfuly holding some higher low around the thursday close its more bullish intermediate term but id imagine this is finding a daily lower high even if it recovers some or corrects sharply only to fall again. 22.04, 21.74, 21, 20.76, 20.22 key levels right now SOXL.
AMEX:SOXLShort
by cerealpatterns
NASDAQ move up to test 14000 or backdown to retest recent low?Here are my core trading channels and trend lines for the NASDAQ. NDQ is currently holding just under the midline of the down channel. You can see that we had a bounce off the support of the black channel and midline of the purple channel. NDQ is still looking pretty oversold, but at a clear decision point. IMO, a retest of the recent low for support is most probable and then a test of the resistance of both the red down channel and the purple channel around 14000. We could bounce right from here to that level as the other option. A new low is always an option if we get a retest and it fails, but it is not clear that the market is ready to fall that far yet after such a big sell off the last several months. 1D
U
by Dr_Roboto
Tech selling today?NASDAQ Intraday - We look to Sell at 12850 (stop at 13035) Buying pressure from 12410 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 12325 and 11490 Resistance: 12935 / 13380 / 13830 Support: 12380 / 11490 / 10675 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NAS100Short
by VantageMarkets
NASDAQ really fizzles?Two weeks ago, the NASDAQ jumped after bouncing off a support level and tested the 13K resistance... which appeared to have failed, given the Dark Cloud Cover candlestick ending to the week. The daily technicals do not yet tell of a down slope slip, but it should be following through. And if it does, then we have this Down Friday Down Monday thingy... means more downside to come. The Weekly chart ended with a a candlestick that seem to stall the previous bullish candle. The weekly technicals are slightly bullish divergent. Taken together, appears that we can expect some downside risk to the last low, probably see a higher low within the week, if at all. The range is going to be a little wider than usual, until this consolidates out nicely and a new trend starts. So, let's see.
CME_MINI:NQ1!
by Auguraltrader
5
Feeling Bearish on NASDAQGood Day to The Investing World Despite the research and judgment being quite close and difficult, I am feeling bearish on NASDAQ for the next half-year. The main reason supporting this is the US Economy, which is not in a good position at this time and date. Another reason for this is because of the trend, which is just about identified as a downtrend, despite the Bull Bear Power graph showing us an uptrend. NASDAQ wont fall forever, and it may recover its value after the next few months this year. But see the graph for yourself, incase you might think differently.
NASDAQ:NDAQLong
by Audace_Club_de_Automobili
QQQ Bear FlagIn a normal less volatile market (ie; a full on bull market) double bottoms are a nice spot to re enter or scale bigger long. In this market after yesterday's big down day (flag pole) and today's sideways chop with real indecision you lean into the larger pattern on cash only session charts (bear flag). Fully expecting SQQQ to attempt to hit the last remaining VWAP (century @ $80) and TQQQ to possibly go much much lower. Without a freak bounce tomorrow consider not longing the Q's for some time it may be even more painful after bulls officially give up this area. Be careful folks. For reference $TQQQ's last century vwap is I believe all the way down at $14-$15...crazy right? Maybe not and time will tell.
CME_MINI:NQ1!Short
by Todoubled23
23
long term logarithmic growth fan pattern horizontal supportthe gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging out. if 2050 breaks it could go as low as 1785 but its much more likely we see a monthly bounce soon.
NASDAQ:AMZNLong
by cerealpatterns
NASDAQ is not yet done with downward momentumThe dead cat bounce only lasted a couple of days, and it gave way soon and very quickly yesterday (pre-market). This breakdown was with decent downside momentum, and was also off the 50% Fibonacci retracement level, as observed in the 4H intraday chart above. By projecting forward using simple geometric extensions combined with Fibs, 10,800 is the next downside target (yellow arrows), which could happen swiftly or drag another week. Honestly, do not know which is worse. In another view, we see a range from 12565 to 11700, which the latter would attempt to provide some support (aqua arrows). Breaking down and out of this range, similarly points to circa 10,800, but in a more swift take down. Daily technicals employed here support the downside momentum and targets. So, look for support early-mid next week, if we get a new intraday low, yeah?
CME_MINI:NQ1!Short
by Auguraltrader
NVIDIA: Fangs still down!!NVIDIA Short Term - We look to Sell at 179.80 (stop at 197.51) The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected. Our profit targets will be 141.02 and 130.00 Resistance: 180.00 / 190.00 / 200.00 Support: 170.00 / 160.00 / 150.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:NVDAShort
by VantageMarkets
2
NASDAQ in technical rebound - a bull trap?The NASDAQ (and other equities indexes) closed the week on a strong rebound, having reached a lower support (11700). The resulting weekly candlestick is one with a long lower tail, suggesting a possible test to regain the 13K level. The daily chart closed the highest for the week, and similarly projects a somewhat cautious bullish outlook for the incoming week. I would be wary for sudden turnarounds, especially near the resistance levels, or when prices are near the declining 55EMA. The weekly technicals are still intact for the downside target of 11K. Be wary!
CME_MINI:NQ1!
by Auguraltrader
2