RIDE: Gap Fill City. Interesting to see where the flows of funds are more dominant within this space.
NIO: Bull Flag looming from session open. Sympathy run with TSLA and other key players in the sector.
AMD (84.65) MC: 102.74B ATR: 2.27, Beta: 2.04 Key Levels: 80.20, 86.06, 89.33, 92.64 ...
PYPL MC: 330.47B ATR: 6.84, Beta: 1.15Key Levels: 271.22, 278.31, 288.51, 296.28, 306.98 The bull case: PYPL's recent changes of its merchant fees, revenue increase at a CAGR of 20.8% in the past five years, 2.1x increase of active accounts, BTC/ third party feature. Trade Idea: PYPL "W" bottom setup 1.This bullish set-up will likely test the "neckline" of...
NIO: 45.68 ATR: 2.10, Beta: 2.54 Key Levels: 43.84, 45.36, 48.83, 53.34 Trade Idea: NIO is poised for an uptrend: 1. A series of higher highs and lower lows before reclaiming/maintaining > 20MA again 2. Price action is >200MA again since February 3. Bullish engulfing on D 4. Price action > 44.98 (POC of Volume Profile) 5. Catalyst: Announced increased...
SQ: 217.14 ATR: 9.77, Beta: 2.42 Possible Bear Flag Formation: A bear flag is a continuation pattern that joins an existing downtrend. The price has been consolidating in the volume cluster and has potential to enter the range of lower price shelf. Both scenarios have been stated. Look for volume to confirm price impulses, divergence, and magnitude of RSI.
NVDA: New highs & poised for continuation: -Strong MA's in crescendo -Agreement of RSI with momentum -Fib levels indicate potential new price shelves to the upside and also act as support for retracements
Nio is breaking out of channel with consistent volume/momentum. KL's supported by Fib levels, also are areas of support/resistance to test. Bullish bias on NIO.
LC: (16.09)MC: 1.56B+5.3% for previous day +15.76% for the week +4.55% for the month ATR: 0.89B Beta: 1.79 Continuation play 1. Reestablishing price action >50ma, 20ma/Imminent golden cross 2. Falling wedge pattern indicated 3. Bullish Divergence 4. Testing resistance/ Reestablishing support on 2HR high volume node
NIO: Potential to Continue Upside -June 1, 2021 reports of 95% annual increase in May deliveries -Intent to accelerate June 2021 deliveries and increase in Q2 figures -Raised to "Buy" from "Neutral" via Citi -Technicals reflect potential of golden cross -May see short periods of consolidation before reclaiming higher price shelves -KL's of support and resistance...
NIO Trade Idea:Back to the upside: Production capacity news, positive analyst sentiment, new projected street value. KL's (Key levels) are marked accordingly.
Visa: Study of W Bottom potential: A bullish indicator called the W Bottom or Double Bottom could clue in to a move to the upside