Today we will take a look at MSFT. The 2nd company in the S&P500 based on market cap.
The main bullish structure we have is the ascending channel , which started in March 2020 (bottom of the bearish market, after covid 19). Now the price is above that structure again, and we should assume that the structure is still working as a dynamic support.
The main...
After the Santa Rally, the S&P 500 index dropped to the May 2021 support:
Now i see a Zig-Zag chart pattern than could drop to 4100 area after the rally, once interest rates will go higher, just to end the year bullish, with an upside of 9-10% for 2022.
S&P 500 Index has a P/E ratio of 25.96, lower in comparison with last year`s price per earnings on the same...
Today, we will look at FB renamed on meta.
Currently, we are on 142 days Draw-Down since the previous ATH and a decline of 25%. From here, we will analyze both bullish and bearish scenarios based on the context we can see now.
Bullish Scenario: The price bounces on the lower trendline of the corrective structure and breaks the inner descending trendline; on...
Today, we will take a look at NFLX after a massive gap.
Where is the price right now?
Is making contact with a weekly trendline that started in 2017; therefore, we have to consider this level a relevant zone to think in potential bouncing or breakout movements.
Bullish Scenario:
The price is able to bounce on the weekly ascending trendline and makes a...
Today, we will look at TSLA and the current situation we are in.
Technical context:
- The price is currently on an ABC flag pattern (yellow lines)
- The price is close to an ascending trendline coming from March 2020
- The price has reached a major support level (900.00)
What can we expect from here?
Bullish perspective: Inside the flag pattern, we can...
Today we will take a look at AMZN.
Since September 2020, the price has been moving inside a 20% range approx. That means a little bit more than 500 days there.
Why is this interesting for me? Because from long periods of consolidations is where we tend to observe the beginning of new trends. I'm not saying that trend is starting right now but let's take a...
Supports broken.
Same thing on AMEX:SPY , including his EMA.
Even the best indicators got difficult to be read.
We clearly are going out of our 15 months channel.
Things start to be hazy.
I hope you made a lot of money on the past two years because it's becoming trickier.
My take home message would be:
" There is time to go long, time to go short...
Today we will take a look at ARKK. The main element we have to comment on is the current decline, the biggest in the ETF history.
The current drawdown is at 51%, and we have three other situations in the past where we observed declines of 30% or more.
Here are some key ideas you can use to increase the odds of engaging on a successful setup on the ETF,...
Today, we will share the current situation we observe on SBUX. Let's start:
After making a new ATH from December 2020, we observed a continuation of that bullish movement until July 2021. From there, the price has been correcting. Currently, it's on a 17.82% decline (175 days)
The shape of the correction can be categorized into a flag pattern here; you can see...
Since february 2020 a green candle has been seen round 16 times on the top of the EMA50.
For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period.
In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...).
This kind of stop loss worked 12 times out of 13...
The...
The main level I'm interested in is the support at 50.00. If the price reaches that level, I will start thinking about bullish opportunities.
Let's assume that happens. The pattern I want to see is:
First: breakout of the current descending trendline
Second: a corrective movement with similar proportions to the red line you can see on the chart
IF all...
Today we will take a look at DKNG.
The first thing to mention is that the price has reached a significant level composed of a support and a cloned trendline of the current descending movement or corrective movement.
From here, we can see an inner descending trendline inside the correction (yellow line). That trendline is really important to provide us with...
Let's take a look at IBKR and the current setup I'm waiting for.
As you can see on the chart, I have defined all those situations with one thing in common, massive drawdown in terms of time and decline and the subsequent resolution after we have a new all-time-high (ATH).
First Scenario: 65% decline and 2660 days until a new ATH / Followed by a 27% bullish...
Today, we will take a look at COIN
Which are the main elements we can see?
1) The price has already reached the major support zone (or bearish target) and has bounced there.
2) So, what would be a good scenario to think about in terms of bullish opportunities?
3) I would like to see the breakout of the current bearish trend (yellow line) and then a...
Today we will look at Kraft Heinz, a stock in the top 5 holdings of Berkshire Hathaway, that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective.
-From 2017 to 2019, the price was clearly on a bearish trend, defined for the most external trendline (white...
Today we will take a look at Berkshire Hathaway's price action .
On this chart, we can see two major technical elements.
1) The current ascending trendline started at the bottom of the pandemic sell-off. While the price stays above that line, we should be open to bullish movements coming.
2) The current consolidation. Those structures are great situations...
