LightningTrading23

LightningTrading23 Updated 

In 2023, the tech sector has been a hot topic for investors, like a financial sitcom. Since reaching 2023 highs back in July, the Nasdaq 100 has been in a continuing downtrend. Despite stories and events coming out left and right, there remains a bullish sentiment fighting back. Given such volatile conditions, I've found it to be most beneficial to maintain a...

LightningTrading23

QCOMM chips will be highly implemented into the newest iPhone 15, they are the largest US chip company with exposure to china, and earnings/revenue are forecasted for continued growth into Q3 2024, so whats the problem? Since March of 2022, Qualcomm's weekly 50 simple moving average had turned from support, to resistance. When the 50SMA of QCOMM had become...

LightningTrading23

Goldman has been forming a descending triangle from 11/01/21 to present, with consistent lower highs and a demand zone from $278-$313. As we've most recently been rejected from .236 fib retracement line, price action is showing an imminent retest of the demand zone, which could lead to a 11% - 21% downside potential. In addition, NI has steadily been decreasing...