Moshkelgosha

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AMD and NVDA are the best companies in their class, however, the stock prices do not necessarily always represent the fundamentals! George Soros beautifully said: The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium. Another good piece of advice from Bill Williams: Go with the flow, Ride the...

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Today RBLX runs out of steam, distanced -12% from the top, and filled the gap! I think this overwhelming sell-off will continue and could push the price down to 100-110 once again! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified...

Moshkelgosha Updated 

I might be wrong..! But let's think about: Why do volumes decrease constantly while the prices go up in the past 6 days ??? Could this phenomenon be a bullish sign and show strength in the market? I think, sooner or later this will play its role and affect the charts! Any trend going higher at lower volumes is impending to...

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Today's Candle is the biggest candle of the past trading year for Microsoft! How would you handle this information if you know Microsoft has one of the best Balance sheets in the world? I think Microsoft will move toward the target! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these...

Moshkelgosha

Just look at this chart and see how after a 866% gain in 43 weeks peloton lost almost all of it in 47 weeks! Looking at the current trend of decline in revenue, it may never get back on the past all times high! No need to say rivals coming one after the other! Price action trade could happen! Do you know who created this bubble??? You can see the most important...

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It seems QCOM is making a top formation and could experience a 10-20% correction in the coming weeks! I was not Bearish on this one! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial...

Moshkelgosha

From a fundamental point of view, I have no doubt NVIDIA is one of the best tech companies in the world! But Chart shows more correction is more possible! NVDA 30 days trading volume price increased from 6 billion to 16 billion in the past 28 days! You may think why this could be important? Your answer is NVDA is the Best performer among mega-caps in the past...

Moshkelgosha

Breaking below 50 EMA daily the next support will be 50 EMA Weekly! No long positions until we see an upswing! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for...

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NVDA could move toward 300 once again and this means put options have high return potentials this week! Based on the current pattern it could make a Head and shoulder pattern or Islan Top formation! What Is an Island Reversal? An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on...

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Closing below the Daily 50 EMA after a sharp rally could push the price to the 50 EMA weekly as the next Support level! looking at the past 2 corrections shows this clearly! The target of the bearish case could be 750-800! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these...

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At the first glance, You may find both patterns correct and justify both! But adding ATR to the chart may reveal the hidden truth! ATR only measures volatility and not the direction of an asset's price. Pattern 1: Broadening Formation or Megaphone What Is a Broadening Formation? A broadening formation is a price chart pattern identified by technical analysts....

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Looking at the Microsoft chart you will find out corrections between 8.37 - 9.54% repeatedly! Having said that, anytime after an 8-9% decline from the top you could start evaluating the chart for possible reversal and opening long position! What Is Buy the Dips? "Buy the dips" means purchasing an asset after it has dropped in price. The belief here is that the...

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This is the weekly chart of Apple. We can see 2 different valid chart patterns, both could have 2 different price targets! One Conservative (Green) and the other one Optimistic(Golden)! Please pay attention to the time frames! Optimistic Patterns could happen in 4-7 months! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a...

Moshkelgosha

It would be better to use weekly charts for long-term analysis! Trend: Bullish +141% gain in the past 89 weeks! Bullish Runs: 6x, gain 15-83%, Duration: 6-23 weeks Corrections: 6 times, -7.29 - 14.16%, Duration: 2-4 weeks! Now let's compare the distance between new and previous pivot highs! In the past4 times anytime NDX passed above the previous...

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It would be better to use weekly charts for long-term analysis! Trend: Bullish +115% gain in the past 89 weeks! Bullish Runs: 6x, gain +47.51- 10.86%, Duration: 21-7 Corrections: 6 times, -4.17% - 10.55%, Duration: 2-5 weeks! Now let's compare the distance between new and previous pivot highs! In the past 5 times anytime S&P 500 passed above the...

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The price may reflect the random disagreement between investors Megaphone patterns show higher volatility is coming! A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant...

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Ethereum has made a diamond pattern and it could go down to 3500-3400 once again! A diamond top formation is a chart pattern that can occur at or near market tops and can signal a reversal of an uptrend. A diamond top formation is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a...

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In less than 48 hours, we are going to see a new high inflation record in the past 3 decades! Let's go back a few months ago, on May 30, 2021, I published my first article about Inflation: It was a contrarian view compared to Jerome Powel chair of the Federal Reserve of the united states who believes inflation is temporary and COVID related. Title: Accelerated...