Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

The SPX index is still trading within an area of resistance, which we identified together in our latest study, the link to which is available just below this post. Although we have almost reached the next resistance at 4.607, the impression the index gives us is of a sideways correction. Since November 22, the SPX has been trading within our resistance zone (red...

Nathan_The_Finance_Hydra

Since our last study, we have observed that TSLA shares are trying to resume the medium-term uptrend by attempting to break through the last top at $246.70. The problem is that the price failed to close above this resistance on the daily chart, so the upward movement failed to materialize. The link to my previous public analysis is below this post, as usual. On...

Nathan_The_Finance_Hydra Updated 

In our last analysis, we warned of a possible correction in NVDA's shares, right on the day they made a new all-time high above $500. The link to my latest public analysis of NVDA is below this post. What's most interesting is that NVDA's shares fell just to hit our target at $476.09, which we set in our last analysis, and apparently, it's working so far. In...

Nathan_The_Finance_Hydra

TSLA shares are up today, reacting above the 21 EMA seen on the daily chart, which, by the way, is still pointing upwards. What's more, it hasn't managed to lose support at $226, which we nailed in our last public study (the link to my previous TSLA analysis is below this post). Given the technical evidence described above, TSLA maintains bullish sentiment in the...

Nathan_The_Finance_Hydra

The SPX has reached a critical resistance area. As observed on the daily chart above, the index hit the 4,541-resistance line (black line), which was a previous top level from September. This resistance line is quite close to another key point, the 4,567, an open gap since August (yellow line), making this whole area a zone of resistance. Although the SPX showed...

Nathan_The_Finance_Hydra

NVDA has reached a critical resistance area, as evidenced by the yellow area in the chart above. Although a pullback would be plausible in this circumstance, there is no bearish chart structure suggesting a possible correction, and there is no top signal today. Since it hit the previous support at $403.11 (red line), NVDA has rallied relentlessly. So it's...

Nathan_The_Finance_Hydra Updated 

TSLA shares are down today, showing a bearish reaction right after closing their gap at $242.08, which is acting as a resistance level, as expected. The medium-term trend is up, as TSLA is recording higher highs/lows since bottoming out on October 31 at $194. In addition, it recently triggered an Inverse Head and Shoulders chart pattern after breaking through the...

Nathan_The_Finance_Hydra

• Recently, TSLA failed in breaking the resistance area around $262, which I’ve alerted on my previous TSLA analysis (link below this post); • This triggered a short-term pullback, and TSLA approached its support levels on the daily chart, namely the 21 ema and the $237 area; • This week, it did a good reaction above this support level, indicating that it wants to...

Nathan_The_Finance_Hydra

• NVDA is correcting today, however, it is still above its support line at $419.38, which was a previous top level on May; • Even if NVDA corrects to the 21 EMA on the daily chart, the trend would remain technically bullish; • The trend would reverse only if NVDA makes a new lower high/low - so far, it has been doing only higher highs/lows. Remember, trends...

Nathan_The_Finance_Hydra

• The SPX is correcting today, and it seems it is seeking the 21 ema again; • So far, it is still doing higher highs/lows, therefore, it is still a bull trend despite the recent correction; • Since it is a bull trend, any bullish reaction around a support level would be just an opportunity to buy; • SPX is still far from its main support levels, indicating that we...

Nathan_The_Finance_Hydra

• TSLA stock has just filled an open gap from October 2022; • However, although we have reached this resistance level, there’s no clear top signal indicating a correction; • So far, the trend is still bullish, as TSLA is still doing higher highs/lows and it is above the 21 ema. However, any top signal would trigger a correction to lower levels, like the 21 ema on...

Nathan_The_Finance_Hydra

• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback; • As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual); • So far, it seems this is just a pullback, as there’s no...

Nathan_The_Finance_Hydra

• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post); • Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target; • The problem is that it isn’t dropping properly. Despite the drop this...

Nathan_The_Finance_Hydra

• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember,...

Nathan_The_Finance_Hydra

• Today TSLA hit our technical target at $177.65, successfully filling the previous gap; • Now, it seems it is starting to lose momentum, but it is too soon to tell if we’ll trigger a top signal around this resistance (like a Shooting Star pattern, or maybe a Gravestone Doji?); • If yes, then a pullback is likely to happen, but as long as TSLA remains above its 21...

Nathan_The_Finance_Hydra

• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line); • So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here; • On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this...

Nathan_The_Finance_Hydra

• AAPL just reached a short-term support line on the 1h chart, around $170.93; • This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3; • So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main...

Nathan_The_Finance_Hydra

• TSLA did a powerful bottom sign just after it hit the $165 support line, the key point that I mentioned yesterday, on our previous analysis (link below this post, as usual); • Now, TSLA is trigged a short-term reversal structure, as it did a higher high/low, breaking a pivot point at $169.51, and it is above the 21 ema (which is pointing up now); • So far,...