TradingNomadic

TradingNomadic

I was starting to lose hope that we would see a new all time high before retracing down to the likes of 16192. However, i noticed a long term trend line that we have just regained support at. Im waiting on a breakout above or below the current symmetrical triangle formation we are in before really marrying this idea. I added some old support and resistance trend...

TradingNomadic

Looking at silver over 2021 we have a couple trend lines that have been holding up as support and we are currently looking at retesting one just before we enter what i would consider a buy zone. The bold trend line coming down has been tested twice and we are forming a symmetrical triangle. As we see upward pressure from the 2 longer term support trends, we will...

TradingNomadic

Precursor: I am bullish paypal relative to Bitcoin news this year, long term, here out. We are currently looking for a retest of 218.55, and have found support inside the purple paralell channel, and above 212.67. As we approach 220.64 we will see pressure if we continue to trend up the bold longterm trend in pink. If we break above 218.55, initially id watch...

TradingNomadic

Clear cut up trend dating back to November 24th, running into the yellow downward resistance trend. First confirmation would be trading above the yellow resistance trend, and bouncing up from the current support trend once again. Ill be watching above the 545.88 retest for a squeeze into resistance at 551.05 If we break up from there i would look for support on...

TradingNomadic

Ill be looking for #TSLA above 599.10, with a possible target at the the top trend line which coincides with Goldman Sachs new price target of $780. This area also corresponds with the S&P 500 listing. Real clear trend running into the top of an older resistance line and the $599.10 resistance. Looking for volume on the upside running into that area if we...

TradingNomadic

Looking at some old trend lines and support, this would be a Bullish scenario for our AAPL continuation into December. Volume is beginning to pick up with a few spikes visible on this chart in the last couple days. Facebooks tokenized digital money is approaching in January. Holiday sales are great for apple. Real strong trend line quickly leading back up to...

TradingNomadic

#WDC Looking for support to retest 48.15 These are a few of the critical points im looking at for #WDC to retest at 48.15 Not sure if we will find support on that longer term trend line, but i would expect new support to be found at the circled area where we have multiple ideas colliding. Id likely stop out to reenter below 45.97 The 46.56 area should help...

TradingNomadic

Currently trading between a couple past support lines. Currently riding on a new support after bouncing off the the lighter trend into the top resistance line. Looking for a break above the diagonal weve been trading down since last week for confirmation. Id expect resistance once at the 17.35 area, before a squeeze at the second retest. If we trail below our...

TradingNomadic

Looking for BTC at 20,650-20800 before correcting on a long resistance trend. If we can gain support above the purple trend line again, this would be confirmation of a reversal to me. Id expect the antagonist to this would be the squeeze on this wedge forming. Watch for volume picking up in either direction for confirmation. If not, id expect further downside...

TradingNomadic

Looking at QCOM to test 153.20 again Following sold old support and resistance lines we've got a projection into my target. Solid double bounce on the lower trend line, projecting into the purple paralell channel. Likely resistance at the upper long term trend and the top of the paralell channel. Looking for a squeeze with volume at 153.20 or a reversal to a...

TradingNomadic

This is how im watching AMD as we retest 94.10 Weve found support on the 3rd trend line up there with support touched at 90.76 If we break to the downside of that trend id look for a bounce on the trend below it above about 87.57 Strong support along that bottom trendline, especially into areas where we find past resistance. Areas to watch on the downside...

TradingNomadic

Looking at a long into the 294.12 price resistance. Upper trend line is current support above 273.48 If we drop off that support, id watch 255.11, or the top of the paralell channel outlined. Id stop out below 255.11 and wait for a new entry on the bounce, or back down the the bottom of the paralell channel

TradingNomadic

Looking for support on the longer term lower trend line above 61.31 Id look at the trend line above it for a new resistance area until a possible squeeze above 71.33 A tight stop would be 59.11 and lower stops would be 55.12 or 50.85 depending on your time frame. Watch for volume to pick up with a RSI on the up. I dont expect this to be a quick play and i...

TradingNomadic

Target set for #Plug above 28.72 Im watching for a breakout off the current trend bringing us above the upper trend line. That is where i would expect resistance until its breached. Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend. Id stop out below 21.78, if you want to tighten...

TradingNomadic

Good looking chart on the solar ETF #TAN. Clear trend lines, support and resistance. Volume has slowed down on the downside finding support at the middle purple trend. Resistance was found at the top of the channel at 88.35. With increased volume and continued support id say were headed to restest above 88.35 at the squeeze. Should we trend below the 83.24...