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Weakness

Weakening Patterns: NVDANASDAQ:NVDA is over-speculated on the short-term and intermediate-term trends. It has minimal support nearby for holding for a position trade. Without retail groups or smaller funds, the price action is weakening at this time. Nvidia doesn't report until May 22 which is very late in the season but for now, it has some minor rotation going on. If it continues to hold above the black line, then it can pattern out the excessive price gains. This is not a strong sell short opportunity, but it is important to keep an eye on this stock for the next couple of weeks.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
NVAX- a medical penny stock Buy Weakness LONGNVAX on a 120 minute chart demonstrates a trend down in the past month after a period of consolidation producing the POC line on the volume profile. The MACD shows some bullish divergence. The volume profile has high volume nodes at 4.0 and 5.0 separated by a relative volume void. NVAX fell quickly through that void. It can just as easily rise through it. See the linked article on NVA from TipRanks. Options volume and pricing analysis is that bets are looking at5.0 diligently. Fundamentally, NVAX has been range limited by its focus on COVID but it does have other projects in its pipeline admittedly on various timelines with varying probabilities of capitalizing on them depending on clinical trials FDA approvals and so on. On the imbedded relative strength table as compared with SPY and peers in the pharmaceutical, biotechnology, medical device and healthcare spaces NVAX compares favorably with MRNA its closest peer but is weak compared with most of the others I have selected especially with LLY, which is high-flying from its anti-obesity drug breakout. Device companies Stryker and Intuitive Surgical are quite strong as well. United Healthcare is dominant in the insurance subsector and strong overall. One often effective strategy is to buy when an instrument is oversold and undervalued at a discount. I will buy NVAX here no matter that I have insider connections with one of those medical device companies and a few not on the list. Sentiment only goes so far. I found the article compelling and so Novavax long I go. On a trading site left unsaid my screenname is "Bottom Feeding Grinder". I have an appetite for NVAX found at the bottom right now. This is a reversal/reversion to the mean long trade. It is not without risk. As a penny stock with high volumes, low cost of entry and perhaps low floats, volatility is underscored and exaggerated if a volume inflow gets underway That said, a short squeeze is within the spectrum of possibilities. Enough said for now.
NASDAQ:NVAXLong
by AwesomeAvani
AUD weaknessAUD has been weak across the board and is giving potential opportunities to go short. In AUDCAD the Daily bias is bearish and could continue lower. The D chart presented us with a SWH with its 3rd candle lows being breached by today's price action. Ideally in the 1H, the chart will set itself up either in London (2am) or NY session (7am-9am) for a short after a possible run into liquidity stablished by highs of Feb 1st Asian session, which is standing right in the zone of the 0.618 and .786fib. This could be sell opportunity targeting Feb 1st lows.
Short
by dfgaviria
1
SPY overview - Jan 19Yesterday after gapping up, the market tested the Jan-17 High/Close. Then broke through 8EMA and closed strong. Now the nearest support level is the short-term moving average - 8EMA. The nearest resistance levels are now at 478.60, together with TRL. It's important to note that yesterday's move was driven by strength in the semiconductor sector as well as the leadership of megacaps. The big question for me now is which other groups of stocks the cash will flow into and whether it will flow anywhere else besides megacaps.
AMEX:SPY
by ivanistrading
ATOM'S Descending Channel with a Fakeout 📉🔄📈ATOM, currently traversing a descending parallel channel, recently executed a fakeout above the channel's upper boundary. This strategic move has set the stage for a nuanced analysis and potential trading opportunities. Key Technical Observations: Descending Parallel Channel: ATOM's price movements have been encapsulated within a well-defined descending parallel channel. The lower and upper boundaries of this channel have played a pivotal role in guiding recent price action. Fakeout Dynamics: The recent fakeout above the upper boundary of the channel is a noteworthy event, signifying a temporary breach of the descending structure. Fakeouts often provide valuable insights into potential shifts in market sentiment. Detailed Analysis: Channel Fakeout and Maximal Retest: The fakeout event above the upper boundary of the channel suggests a temporary breach of the prevailing descending structure. Subsequent to the fakeout, a retest of the daily maximum has further reinforced the potential strength of the downside. Strategic Entry Points: Traders may find opportune entry points around the expected retest zone of 8-8.4$. Initiating short positions in this region aligns with the prevailing descending channel and the implications of the recent fakeout. Anticipated Price Movements: Retest and Potential Upside: An anticipated retest of the 8-8.4$ zone could serve as a strategic entry point for short positions. Following this, a bearish scenario could unfold, potentially leading to a decline in price. Longer-Term Targets: With the short-term bearish outlook, traders might strategically plan for a subsequent rise to the 15$ level. It's essential to reassess market dynamics and consider the potential for trend reversals during this phase. Conclusion: Tactical Maneuvers in a Descending Channel ATOM's recent fakeout above the descending channel's upper boundary presents traders with a tactical opportunity. The expected retest zone becomes a crucial area for strategic entries, aligning with the broader descending structure. While short-term bearishness is anticipated, longer-term targets suggest potential upside movements. 📉 Descending Channel Dynamics | 🔄 Fakeout Strategies | 📈 Strategic Entry Points 💬 Share your insights on ATOM's recent fakeout and your approach to navigating its current technical landscape! 🌐✨
Long
by Yaroslav_Krasko
1
DOGE: How Manipulation's Will Help To Pump?🐕Dogecoin (DOGE) has long been a favorite of traders and meme enthusiasts, and it seems like there's more to this coin than meets the eye. Beneath the playful exterior lies a substantial amount of liquidity, which could be a key ingredient for a genuine pump. But when will it happen? Let's explore the potential scenarios for DOGE. 📈🚀 The Abundance of Liquidity: DOGE has consistently proven to be a coin with substantial liquidity. It means there are plenty of buy and sell orders stacked at various price levels, ready to be triggered. The 0.5 Fibonacci Level: Many traders are keeping a close eye on the 0.5 Fibonacci level as a potential trigger point for DOGE. If the price drops to this level and reclaims it, it could signify a significant imbalance correction. The Entry and Target: For those looking to capitalize on a potential pump, an entry point around 0.027 could be a strategic choice. As for the target, 0.8 could be a lucrative goal if DOGE starts a substantial upward move. Trading Strategy: Timing is Key: Watch for DOGE to dip to the 0.5 Fibonacci level and reestablish itself. Entry and Target: Consider entering around 0.027 and set a target of 0.8, but remain flexible based on price action. Risk Management: Use stop-loss orders and sound risk management to protect your investments. Conclusion: DOGE might be known for its fun and memes, but it has demonstrated a hidden potential for a substantial pump. Liquidity-rich assets often have the capacity to make sudden and significant moves. As you keep a close watch on DOGE's journey, remember that the crypto market is full of surprises. Stay informed, trade wisely, and may your trades lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
6
Gold 1D Analysis , Bears comingHello friends. I saw a three top pattern in 1D chart and a bearish divergence included too. after the 3rd time price touch 2050 Resistance level , we can see in picture below , Buyers couldnt lead price upper and Sellers came in strongly. So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and in the main chart , we see a decrease in RSI tops but 3 tops placed in a line. this means the Trend will weak and the price will Drop. I think our Swing targets are 1958 (Former Bottom) and 1933(EMA 50). Thank you for reading my IDEA. PLZ share me your opinion. Have good trades. <<< LEARN first , then Omit L & EARN >>>
GShort
by TraderAmin-KZ
6
NZDUSD - A Deep Pullback Or A Breakout?Analysis: We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price has pulled back a fair bit but we see this as a deep retracement and a great shorting opportunity. We're currently at a key level which has held multiple times so we expect it to hold again. For more confluence at our area we also have the 61.8% fib retracement level which is often seen as the strongest fib level so we have more confidence that this level will hold and that this is where the bears will take back control. Another confluence factor that we have is the downwards trendline. This trendline has held multiple times before, causing huge rejections so we expect that this will happen again which is a positive for this setup. Fundamentally the USD is the 2nd strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour to be on the short side of NZDUSD. For more fundamental confluence we have an increase in both long and short positions on the USD by institutions which is pretty neutral whereas for the NZD we didn't really have an increase in long positions but we did see an increase in short positions by institutions so this is yet another confluence on why we want to be shorting this pair. We have had some bearish news come out recently for the USD however on Wednesday when Fed Powell testifies we could see some bullishness coming back to the USD. If the market gets any reasons to go long on the USD then we would see this pair drop and with all of the technicals and fundamental analysis we've done we think that we'll see the bulls step back in on the USD which is why we are currently bearish on NZDUSD despite the current market conditions. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
26
NZDCHF - Continuation To The Downside!Analysis: This setup to us is ideal. Firstly price is clearly in a downwards trend and there is no doubt about this. We've seen price create a series of lower lows and lower highs which confirms that we are in a downwards trend. Knowing this we are only looking for shorts on this pair. Where price is currently is a very interesting area to us. Why? This area has held as major support in the past and as support recently so we now expect that it will hold as resistance. If you've been trading long enough you'll know that very often support can turn to resistance and resistance can turn into support. For more confluence at this area we have the 50% fib retracement level which we expect sellers will be sat at waiting before pushing price down further. We've also got an downwards trendline which has been beautifully respected multiple time showing us the bullish pressure and momentum on this pair. Fundamentally as well we're pretty neutral. Both the NZD and the CHF have almost the same long to short ratio so there isn't any real bias here until we dig a little further and we can see that the NZD only really had an increase in short positions by institutions whereas the CHF has an increase in both long and short positions by institutions so we actually have a slight bias to the bullish side of the CHF which goes with our idea and wraps up why we are bearish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
30
EURCHF - EUR Losing It's Strength?Analysis: As we can see from price action we're in a longer term downwards trend, as shown by the downwards trendline and in recent times we've also been trending to the downside so only shorts look good to us as we want to be going with the trend rather then fighting against it. At this area we've got a major level which has held as both support and resistance in the past and we expect that it will hold again now. To add more confluence to this setup at our area we also have both the 50% fib retracement level and the 61.8% fib retracement level which both could act as levels of resistance as we expect that sellers will be sat at both of these levels. We're also in what's often called the "golden zone" which is the area between the 50% and 61.8% so this is looking like a nice place to enter from. Another confluence we have to enter at this level is the longer term downwards trendline which is clearly visible. Its been respected multiple times in the past and every time this trendline has been touched we've seen a big drop in price so we expect that this will happen again if we get a touch of the trendline, so this goes in our favour. Now fundamentally the EUR is the strongest major currency compared to the CHF which is the 5th strongest major currency. Whilst this doesn't go in our favour this isn't the full picture. As of the most recent report we saw an increase of about the same for long and short positions on the CHF. This isn't a positive but this also isn't a negative, it's just neutral whereas for the EUR we saw a big decrease in long positions and an increase in short positions so this isn't looking good for the EUR and this could be early signs that the EUR is starting to lose some of its strength. This is why currently when comparing the EUR to the CHF fundamentally we actually prefer being bullish on the CHF, giving us our bearish bias for this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
AUDCAD - Bullish CAD On The Horizon?Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to enter. At this level we also can see that it has been tested multiple times and we can see big rejections from this area showing that there is a lot of pressure at this level so it's more likely to hold and continue to the downside rather then it breaking and heading to the upside, especially when we add the fact that we're also in a downwards trend. We don't have any other added confluences for this trade, however the technicals are still valid for our strategy. Fundamentally the AUD is 3rd weakest major currency whereas the CAD is the 2nd weakest currency so this doesn't go in our favour but this isn't the full picture. Recently we saw a huge decrease in long positions on the CAD and the AUD, but we saw a small decrease in short positions on the AUD whereas we saw a huge decrease in short positions on the CAD. Basically meaning that more short positions were closed on the CAD then the AUD signifying that there might be an end coming to the bearishness for the CAD. With our speculation on oil prices rising which is heavily correlated to the CAD we can see some strong bullish momentum on the horizon for the CAD which is why fundamentally we prefer the CAD over the AUD. With all of the technicals and fundamentals combined together we get a bearish outlook on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
10
NZDCAD - Oil Price On The Rise, Could Mean A Bullish CAD!Analysis: Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add confluence to our area price is about to touch the 50% fib retracement level which we expect sellers to be sat at wanting and willing to enter into short positions pushing price down further. For more added confluence even though our trendline isn't at the area we're interested in it is still key as it shows that price is respecting this downwards trend that we're in, signifying that price is likely to hold the level we're at currently. Fundamentally the NZD is the 4th strongest major currency where as the CAD is the 2nd weakest major currency. This fundamentally really doesn't look good for our setup however if we dig a little deeper we'll see why we actually favour the CAD over the NZD. We have a speculation that oil prices will soon be on the rise again. Now why does this matter? Well Canada is the 4th largest oil distributer in the world meaning that the CAD is very often correlated to oil prices. If we see oil prices rise then so will the CAD. With our speculation on oil it starts to show early signs of a bullish CAD which is why we are bearish on NZDCAD both technically and fundamentally as well. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
EURGBP - More Bearish Pressure To Come?Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its move to the downside. For added confluence we also have a downwards trendline that has been respected multiple times showing us that the bears are in control of this market. So with this trend line lining up with our area of resistance there is a good chance that we will see price continue its move to the downside. Fundamentally the EUR is the strongest major currency whereas the GBP is the 3rd strongest major currency. Although this doesn't go in our favour this isn't the full picture. For many weeks now we've seen the GBP gain more and more strength and we expect this to continue whereas we're seeing institutions closing their long positions on the EUR. So although currently the EUR is stronger then the GBP we can see this changing in the future which is why we are bearish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
2
XPDUSD - Palladium Surplus?Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement levels which is why this isn't one of our favourite setups but still one that we are looking at. To add more clarity to this setup we need to look at the fundamentals. The USD is very strong at the moment and each week we see the USD getting stronger so this isn't something that we want to be going against. One of the main uses of palladium is for catalytic converters in car exhaust systems but with EV cars taking over the market we're starting to see less demand for palladium and it seems like there could be a surplus of palladium which would push price down further. With all of the confluences factors that we have we see price continuing its downwards trend that it is in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XPDUSDShort
by jpeacockfx
22
XCUUSD - Copper Demands On The Decline?Analysis: Looking at the technicals on Copper we can see a clear downwards trend. Price is forming lower lows and lower highs which confirms that we are in a downwards trend. Price has also been respecting a downwards trendline which again shows us that we are in a downwards trend. We're currently sat at an area that we're interested in as price has held this area multiple times in the past so we expect that it will again. To give us more confidence with this setup, at our area we also have the 50% fib retracement level which we suspect bears will be wanting to hold and push price to the downside which favours our idea. We've also got the downwards trendline close by which if price reaches we'd expect to hold and to further help push price to the downside as bears will be waiting at this area. Fundamentally the USD is gaining a lot of strength in recent times and it continues to, until we see this change we are bullish on the USD, so this goes with our idea. Copper demands have decreased recently meaning that Copper prices will decrease. Comparing the decreasing demand for Copper against the strengthening USD it's clear to see that we want to be shorting this pair which is why we have a short bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XCUUSDShort
by jpeacockfx
4
AUDCAD - CAD Strength On The Horizon?Analysis: Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we suspect that it will hold, as support can quite often become resistance and this level has held as resistance in the past before. To add to our idea we've also got the 50% fib retracement level at our area which we expect bears will be sat at wanting to push price to the downside which works with our idea. We've also got a downwards trendline which again we expect sellers will be waiting at, holding and pushing price down further. When we look at the fundamentals the AUD and CAD are both very similar in strength and weakness so there isn't any real bias here however we do still favour the CAD over the AUD as more institutions are exiting out of their short positions on the CAD and are in fact going long instead where as for the AUD we're seeing an increase in both long and short positions by institutions. Another factor why we prefer the CAD over the AUD is the the CAD is heavily related the oil prices. With Canada being the 4th largest oil exporter in the work and with the possibility of oil prices being on the rise again we could see the CAD start to gain some more strength. The AUD did have some positive news that came out yesterday however we don't see this bullishness continuing, especially after the AUD news release later on tonight which we expect will be bearish for the AUD. With all of the confluences factors that we have we get a short bias on this pair at this level so this is a pair that we are interested in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14