Tesla had some bad news in the last months but it will come back. It is just a question of when
As we could see, the Russel was going sideways many months. Now we break out of the $2107 support this week. And that is very bearish. If the price will further go down and can not come back to its support level, we could have a much bigger correction (15%). This theory is pretty simple to thought, there is no important support line than $1706 because in this...
With the help of the white trend lines we see how the price had a break out of a triangle formation down to the range of 160$. I would definitely wait for the shares go further down to levels of 150.69 (what a nice number). IF we get a quick move upside with a strong candle there are better chances of an turnaround. Another interesting support I would watch out is...
As we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy. That’s my trading setup 1. Buy: 204.83 Stop loss: 203.23 (-0.74%) First Target: 220.69 (+7.68%) Second Target: 230.49 (+14.49%) 2. Buy: 192.53 Stop loss: 191.07 (-0.70%) First Target: 204.83...
This one will be a complete technical analysis. Starting point ->>> support lines 73.50$ - 72.64$ Stopploss - 75.40$ 1. Target - 81.05$ 2. Target Buying reasons -2 support lines 74.17$+73.50$ -daily: RSI oversold (30 area) + MACD tendencies for a countermovement Selling points -weekly+monthly MACD indicates sell down -weekly+ monthly RSI indicates...
Today I will be analyzing Match Group. For everyone who doesn’t know this company, they are creating and managing many dating platforms one of their well-known is Tinder. Cash flow comes from subscriptions (like Tinder Plus) and other services. Buy Signal -support at 129.46$ (3 times) -daily RSI oversold area -daily MACD indicates slowing selling...
Today I will be analysing Match Group. For everyone who doesn’t know this company they are creating and managing many dating platforms one of their well-known is Tinder. Cashflow comes from subscriptions (like Tinder Plus) and other services. Buy Signal -support at 129.46$ (3 times) -daily RSI oversold area -daily MACD indicates slowing selling pressure -current...
A few days ago Porsche Holding presented their earnings and today we will find out if this company is a good buying opportunity, or not. Buying points: -close to a break out above the triangle Indicators: -> strong support in the 88.96 area (->fib 0.618) -> hit the SMA 100 several time -> relativ % divergence between VW shares which indicates a gap upwards...
Fundamentally there was great growth in 2020 and this year. Now I am going to list the pro and cons of this company. Buying point: -a lot innovation for example in gaming->VR, PS5 ; streaming-> Crunchyroll Music (5% growth), electronics 9,4% , Imaging & Sensing over 10% -right in a support field -exactly at under trend line of the triangle ->since May, 21 +...
Buying points: -trend line from July,15 -strong support at 51.14€ -MACD: MA lines extremely under average -RSI: oversold Selling points: -all SMAs above the price -MACD shows negative momentum Fundamentals -selling pressure bc of bad earnings of the gaming industry (take-two) -seasonal summer impact -> people are more outside, fewer sales -guidance of next...
Chart analysis Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways. Buying side: -find a lot of support in the red area (9x) -huge candle with 2 times big wick underneath (bullish) -above 20+50 SMA Selling side: -under 100+200 SMA -intact...
Yesterday I put my main setup on the Activision Blizzard with SMA 20,50,100,200; Horizontal Ray and the trendlines. Many would see that in the past the price often had support at the range of 89-90 Dollar and would think that the share price would jump again including with the SMA200 support. But with implementing the Trendline-Function by connecting dots of...
Head And Shoulders Pattern (not confirmed) At the moment we have the 400 SMA support and right below that the 220.56$ support line (neckline). As long as we have no closed candle under the neckline we don’t need to worry about lower prices. If we get a closed candle under the neckline we could have a bullish-to-bearish trend reversal.
I picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16. And what a surprise, there are similarities about the price action. 1. IPO prices sinks 2. Rises back …and so on Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users...
The chart looks extremely annoying, having lots of small candlesticks (->no Momentum=no trend). I would recommend to watch for high volume plays. As always I draw my expectation on how the stock could move in the future.
Try to use the triangle and SMA 200 to find trading opportunities. I think its very likely that the stock will blow up in Mid-September. In the meantime you can slowly build your position or make some trades in the range.
As we are going to the next week‘s earnings, there are a lot of company to watch. One of them is Tesla tomorrow on the 26th July. So, in general, I am optimistic about higher prices based on the current chart: 1. Higher highs and higher lows (from Mid-May) which indicate that an uptrend is occurring 2. Break out of triangle (white lines) 3. 200 SMA Support But...
Looking at the weekly chart we are seeing a shoulder head shoulder formation. Please be careful with your up to the moon rockets bc this is risky af ;)