Based on a technical analysis, it appears that the price of gold has experienced a favorable pullback, forming a double bottom pattern. This has led to the possibility of a potential upward trend towards the designated Red zone. It is worth noting that the Purple zone may attract both buyers and sellers, and an increase in trading volume could signal a significant...
Netflix's trading pattern has exhibited a notable uptrend and has remained within a channel, indicating potential for a bullish trade opportunity. However, it is important to exercise caution and implement effective risk management strategies, such as a tight stop loss, when dealing with a high-growth stock like Netflix. This approach will help to mitigate...
The NASDAQ index has entered a buy zone, indicating a potential bullish reversal in the near term. Despite an uptick in selling pressure, buyers have demonstrated persistence in their bids at similar levels. This key zone between 11860 and 12000 holds promise for a bullish momentum, running into the Fed's taper talks. However, a breach of the level at 11978 could...
Don't think this is the beginning of a reversal just yet; I need to see how it holds at the pivot level (purple zone). I'd prefer to see a rise into my Tagert zone (Gold box) before a bearish reversal.
Tesla has reached a key level of 200 and it is the same level it bounced at in June 28, 2021, may suggest that this is a significant support level for the stock. If it holds at this level, it could potentially lead to another breakout towards 300, as you mentioned. I have pivot levels in purple at where $TSLA could chop around before moving forward.
$QQQ showing weakness today. sentiment is pretty bullish but I believe the market has some downside (Red Box) before a recovery. Looking for it to head back down to purple box for consolidation. Hoping for it to hit my by zone (Green Box) before it returns to highs.
US30 consolidating in a triangle formation. Looking for it to have a exaggerated .5 - 1% run up before dropping to buy zone.