Boring_Trader

Boring_Trader

Simiar to Microsoft, Bank of America is also currently consolidating between the $37.55 and $35.41 range. A breakout of either direction could present opportunities to investors and short sellers alike. A daily close above $37.55 could suggest potential upside. This price action could also formed an EMA10-EMA20 golden cross, another clue of potential upside. Bank...

Boring_Trader

Back then in 6 May 2022’s commentary, NVDA CFD were trading around $187 and we discussed prices may reach $161 if there’s a daily close below $183. Prices since then frequently retested $161 before rebounded to $188.11 this Friday. Based on the latest price action, a daily close back below $183 again may cause a retest of $161 support with next support at $134.51....

Boring_Trader

TSLA reached the $633 support last week, as correctly anticipated in last week's commentary. Prices then closed above the $757 level (the alternative scenario that was also discussed) on Friday. With this price action and also MACD formed a golden cross, there is a possibility of a TSLA uptrend. Nearest resistance is $806 with a further one at $874. Alternatively,...

Boring_Trader

Tencent is currently consolidating between HKD388 and HKD330. Hence a daily close above HKD388 would invite buying pressure and a potential retest of either HKD430 resistance or HKD480 resistance. However, a bearish scenario and a short selling opportunity could present itself shall Tencent closed below HKD330. First downside support is the year to date low of...

Boring_Trader

Tesla (TSLA) resumed its downtrend and reached the $757.40 second downside support, as correctly anticipated in 6 May. Current price action (lower lows and lower highs) and EMA10-EMA20 deadly cross suggest Tesla is still in a downtrend and a short sellers market. These could open up the possibility of a near term retest of $633 support with another one further...

Boring_Trader

Back in 21 March 2022 where we discuss bearish scenario for Meta Platforms (FB), it was trading at $216. Price since then triggered the highlighted bearish scenario ($205) and reached the $186 objective last Thursday. Considering this recent price action, a daily close below the $186 could ignite further sell off and a retest of $169 support. However, a bullish...

Boring_Trader

Tesla (TSLA) traded lower on a weekly basis and reached the second support of $757.40, as forewarned last week. Latest price action suggest further sell off is still possible, as EMA10-EMA20 still showing a deadly cross. Hence Tesla likely to retest 757.40 support with another one further down at $680, which as the year to date low. Alternatively, an EMA10-EMA20...

Boring_Trader

Tesla (TSLA) is below the $886.12 thresold, as it settled at $865.65 on Friday. This price action, including EMA10-EMA20 deadly cross, suggests short sellers are still in control. That will open up the possibility of a near term retest of $821.70 support with another one further down at $757.40. Alternatively, an EMA10-EMA20 golden cross in the daily time frame...

Boring_Trader

Back in 2 April commentary where we discuss bearish scenario for Nvidia (NVDA). Price since then reached the highlighted $209 support. Based on the latest price action, a daily close below the $183 threshold could ignite further sell off and a potential retest of either $161 or $134.51 support. However, a bullish scenario might occur upon an EMA10-EMA20 golden...

Boring_Trader

Advanced Micro Devices (AMD) reached $84.88 last Wednesday, the bearish scenario’s second support that was highlighted previously. Price action has been forming a lower highs and lower lows since December 2021. Based on this price action, AMD is likely to trend lower with two downside supports seen at $78.96 and $72.76. However, a bullish scenario might occur upon...

Boring_Trader

Nvidia (NVDA) has been on a monster rally since middle of March before corrected for a past few days. Prices are currently trading above the $265.45 level and EMA10-EMA20 showing golden cross, both which suggesting NVDA possibly has a trend continuation towards the upside. First resistance is $289.54 while second resistance is $305. In contrasts, a daily close...

Boring_Trader

Advanced Micro Devices (AMD) formed an EMA10-EMA20 golden cross, which suggest a potential rally. The only thing stands in a way is the $120 resistance. Hence a daily close above this level could extend this rally towards the $132 level or $139.83 level. Both levels were Fibonacci Retracement’s 50% and 61.8% readings derived from $164.46 high and $100 low. In...

Boring_Trader

Public Bank (1295) formed a higher highs and higher lows since Dec 2021. Besides that, prices recently breached the RM4.59 level (red highlighted line). Its EMA10-EMA20 also in golden cross. Hence these price actions and indicator suggest further upside for Public Bank. to-date. Upside resistance are RM4.81 and RM4.97, both levels are Fibonacci Extension’s 1.272...

Boring_Trader

Meta Platforms (FB) created a low of $185.82 last week before settling higher at $216.49 on Friday. An EMA10-EMA20 golden cross or a daily close above $223 could present a bullish scenario with a possible retest of $248 resistance. In contrasts, Meta Platforms may trend lower if there is a daily close below the $205 level. Potential support can be seen at $186.

Boring_Trader

XPENG (9868) plunged last week and reached the HKD87.6 support that we talked about last week. It then craved a lower low before settling at HKD102.60 on Friday. With the latest price action, a close above HKD115.90 could trigger a near term rebound towards the HKD143 resistance. Bear in mind, price action as been creating lower lows and lower highs since Dec...

Boring_Trader

Ford Motor (F) is currently sitting precariously on the long term green ascending trendline. This trendline was derived from the pandemic low in 2020 until to-date. Hence a break below this trendline could present short selling opportunities with support to be aware at $14.88 and $13.70. The market could trend higher if EMA10-EMA20 formed a golden cross and prices...

Boring_Trader

Microsoft (MSFT) reached both $286.50 (last Monday) and $273 (last Tuesday) support, as forewarned in 7 March’s weekly commentary. Going forward, with price action showing lower lows and lower highs, there is a possibility of trend continuation towards the $273, with another new support at $263.63. On the other hand, if EMA10-EMA20 forms a golden cross, MSFT could...

Boring_Trader

XPENG (9868) plunged and hit first downside objective HKD103.4, as anticipated last week. As price action showing lower lows and lower highs since January 2022, EMA10-EMA20 and MACD showing bearish crossovers, there is a possibility of Xpeng reaching HKD87.6 support. This level is Fibonacci Extension 1.618 levels, derived from high of HKD161.8 and low of HKD115.9....