ThornhillHQ

ThornhillHQ Updated 

NASDAQ:AFRM should def be on your watch list going into 2024. To keep my analysis simple, we can see a major inverted head and shoulder forming with an approach to the neckline after completing the head. We can see a high probability of a rejection at this neckline due to the RSI showing overbought on the daily/weekly. I wouldnt short the neckline due to the high...

ThornhillHQ Updated 

Going to try to keep my thoughts simple. With alot of momentum growing in the crypto world it makes perfect sense to see NASDAQ:COIN get its latest pump, especially with BTC hitting 40k+. It is with no question that NASDAQ:COIN is in a overbought scenario as the RSI shows us. We closed today with a spike of above average red volume, leading to an indecision...

ThornhillHQ

This is why I'm taking a cautious and patient approach with NFLX on my watch list. On a bigger picture we are technically still in a downtrend from the ATH drop of NOV 21'. And this last year rally is potentially just a huge bear flag. There are notable gaps to be filled in both directions from here. $460-$465 $481-$509 $392-$354 $481 plays a huge key level...

ThornhillHQ

"History has a strange way of repeating itself" Can we see a similar outcome to the May 23' break out from this same falling wedge pattern we are seeing now in TSLA? Price has moved fairly sideways for the last month as TSLA decides what structure to break. Daily RSI is showing near its median, while MACD is preparing for a buy/sell signal. Im looking for...

ThornhillHQ

Price action has shown us that PYPL has been down trending for quite some time on the HTF. If we were to speculate this to be the bottom before a trend change we can point out that there is an inverted head and shoulder forming on the daily time frame, with $65 being our neckline. We can confirm this market bottom with a break of the $65 neckline which currently...

ThornhillHQ

Price on NASDAQ:AMZN has created a base at this $144-$147 area which is also our neckline for our daily/weekly inverted Head and Shoulders. All previous touches to this area (Left shoulder, head) have resulted in an immediate sell off showing this to be a strong resistance and previous support during 20'-22' covid era. Bias: Long Why: Consolidation on the...

ThornhillHQ

I see two scenario playing out for a long term bullish trade. Bias: Bullish Why: Neckline breakout of inverted head & shoulders with a positive earning gap. Scenario A: Price action is currently showing a bullish flag after the huge earnings gap up. We can see price retrace to test the end of the gap. With a high possibility of bouncing and breaking the bull...