NewbieTradingChannel

NewbieTradingChannel

DJI 13/3/2022 Downtrend continuation but a small weak support on 32.6k

NewbieTradingChannel

DJI 5/3/2022 Sign of weakness too under the downtrend channel pattern

NewbieTradingChannel

S&P500 5/3/2022 Similarly rejected by the downtrendline

NewbieTradingChannel

Nasdaq 5/3/2022 This 13,000 is an important support level , if this level cannot hold and breakout from current trend might revisit lower.

NewbieTradingChannel

TSM 26/2/2022 Again this stock landed at the 107 strong support area, looking back the past history , 107 area always a strong support area( Multiple Bottom) .

NewbieTradingChannel

S&P500 26/2/2022 4430 is the resistant that need to break to trigger a change in trend

NewbieTradingChannel

DJI 26/2/2022 33.6k key support also breached but able to rebound back earlier but similarly cannot define this strength yet and only can take this as a dead cat rebound unless we see a significant strength breaking out from the downtrend pattern.

NewbieTradingChannel

Nasdaq 26/2/2022 12.9k seems forged a strong double bottom although a bear trap to take out some stop losses but overall Nasdaq yet to completely reverse his bearishness to bullish , it will need to breakout the downtrendline/ 14500 resistant first . Anyway it is always a good opportunity to accumulate good stocks at low.

NewbieTradingChannel

DJI 18/2/2022 33600 multiple bottom support , Sideway important support area

NewbieTradingChannel

S&P500 18/2/2022 Double bottom support 4280 area. This area is very important to hold

NewbieTradingChannel

Nasdaq 18/2/2022 Similar Higher Low pattern forming or a W-Shape Double bottom or even Lower?

NewbieTradingChannel

NVDA 12/2/2022 Unfortunately it hits the downtrend resistant zone and pulled back once again from the 260 resistant zone . Next Week will be the earning call for NVDA , Now the support is at 208 - 225 area . If the earning call is excellent , breaking out the major downtrend channel will be solid and expecting a rounding bottom making in chart.

NewbieTradingChannel

DJI 12/2/2022 Main support at 33000 area, 35800 a short term resistant for now.

NewbieTradingChannel

S&P500 12/2/2022 4600 resisted and formed a short term double top . 4280 support area

NewbieTradingChannel

Nasdaq 12/2/2022 Unfortunately , 14500 area resistant not able to breakout and it might pull back lower now . 13600 pull back area or worse case 13000 area.

NewbieTradingChannel

Brentoil 5/2/2022 At this moment , Brent oil remain strong in chart , setting a stoploss is good and swinging with the chart.

NewbieTradingChannel

DJI 5/2/2022 A doji formed in chart , candle's high need to break to end the pull back.

NewbieTradingChannel

S&P500 5/2/2022 A flag pattern potential forming higher low in chart . Next week to decide if the retracement is over.