In the past 3 trading sessions, you see NASDAQ:AAPL , NASDAQ:MSFT , and NASDAQ:AMZN which are the first 3 companies with highest market caps experience higher prices and higher trading volumes ! This is my favorable trading sand I try not to ignore it..! These trading volumes are lower than the early 2021, but at least are above the average of the last...
It seems there is no willingness to buy Tesla..! Supply and Demand In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a...
In May I said do not short Tesla, ..! then I said Tesla could see 690-700, It happened : but the honey moon seems finished to me..! This will be obsolete if tesla close above 715 in daily chart!
Nasdaq 100: Dark cloud cover= correction S&P 500 and Dow Jones : Bearish engulfing = Correction will be most probable scenario Russell 2000: Bearish kickers = Correction will be most probable scenario Overall correction is the most probable scenario!
Closing below 663(daily candle) will accelerate the further decline! When everyone get excited because of using the wrong tool or using a correct tool in a wrong fashion..! Those who posted nasty comments write one now..!
If Amazon closes above 3525 (daily candle) then it could mar h toward 390-4150 in the next few weeks!
This Bullish channel could be the best framework for the coming months. I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it. Another bullish scenario: 16200 by the end of September I should confess I put two much emphasis on trading volume and see the...
Entry:61-62 Stop loss: 65 Reward/Risk:4.5 Target range: 45-46 Time Frame: 4-8 wks Possible gain: 26.6% Possible loss: 6%
The interpretation of a stock chart can vary among different traders depending on the type of price scale used when viewing the data. A logarithmic price scale uses the percentage of change to plot data points, so, the scale prices are not positioned equidistantly. A linear price scale uses an equal value between price scales providing an equal distance between...
I invite all those who write comments about my NIO analysis to check this: on February 18th I published an analysis about 10 EV makers: Today,7 out of 10 still trading below that price of February 18th! however, 10 out of 10 experienced a crash between 26-76% in the next 5 weeks since my analysis! this is a fact you cannot deny! I am asking you to think about...
Apple is at the important resistance level in all time frames, from 30 minutes to monthly..! We should wait for the next 2 days to see if it breaks out or will got rejected. Keep in mind monthly trading volume decreased from 4 Billion in August 2020 to 1.6 B in June 2021. This means monthly trading value (price volume) decreased from 321 Billion in August 2020 to...
At this price, NIO's market cap is 81 billion dollars, which ranks NIO 7th among all the Automakers in the world..! Yes, you must be shocked, NIO above BMW, Ford, Honda, Ferrari..! This will be corrected by time..! I'm 99.99% confident..! This company has produced 102,803 cars so far! (As of 30th April 2021) All the bubbles are temporary..! Typically, a bubble is...
Daily chart: 4hs chart: 1hr chart: 30 minutes: A note to those who are worried about my losses shorting NIO: I shorted NIO 7 times in the past 4 months, (buy naked put at 43,34,39,47,48,47,48.5) closed 4 trades with +100% profits in less than 24 hrs closed one with +100% profits in 48 hrs closed on with 25% profits closed the last one with a 30% stop...
Please check my analysis published on June 9th: Potential to be the next Pump buy Apes..! Entry:7-7.30 Stop loss: 6.50 Reward/Risk:3.5 Target range: 10 Time Frame: 2-4wks Possible gain:35-40% Possible loss: 10% Apes think they are in control..! But the master illusionist fooled them..! An illusion is a distortion of the senses, which can reveal how the human...
If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..! Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..! this could be an alarming sign for S&P 500..! NYSE:JPM NYSE:BAC NYSE:WFC NYSE:GS NYSE:C ...
Whenever trading volume exceeds total outstanding shares you are busy trading with Quant funds! These types of trades won't last long! Be careful to have your target and stop loss in the system and close your position ASAP, because it is a sporadic phenomenon and usually will not build up a tradeable trend..!
Getting out of the flat top it will become wild again! (bearish case is more probable!)