Trading_Consults

Trading_Consults

Support Holding After Market Sell Off, 4 year Support

Trading_Consults

Breakout from a long term resistance, above 200 MA and Above Cloud Support.

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Bearish pennant Pattern, under 200 MA and consolidation in progress.

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Amazon (AMZN) is currently testing the 200-day moving average (MA), a critical long-term support level, with signs of a potential bounce. The RSI is at 30.78, indicating oversold conditions that could suggest an imminent reversal, while the price is also touching the lower Bollinger Band, signaling statistical extremes and potential support. Additionally, a “W”...

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Tesla’s daily chart shows a correction after a strong uptrend, with the price around the 200-day MA at $279.80. It’s now inside the "Golden Zone" (Fibonacci support between $261.48 and $218.34), a key area for potential support. The RSI at 34.39 indicates oversold conditions, suggesting selling pressure may be nearing exhaustion. Despite the recent decline, a...

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1. Price Above the 200-Day Moving Average (MA): The price has reclaimed and is trading above the 200-day MA (red line), which is typically considered a bullish signal in technical analysis. This suggests potential long-term support and a shift in sentiment. 2. Month Support Zone: The blue rectangular area marks a significant support zone that has held for...

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The AAPL chart shows a clear ascending channel, indicating a long-term uptrend with oscillations between support and resistance levels. Bullish Case Ascending Channel: Price is moving within a well-defined ascending channel. The lower trendline (~$210) acted as strong support during recent pullbacks, confirming the trend's integrity. Indicators: RSI: At...

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The chart for Airbnb (ABNB) on the weekly timeframe suggests a potential inverse head and shoulders pattern, which is typically a bullish reversal signal. Inverse Head and Shoulders Formation: The chart clearly outlines a left shoulder, head, and right shoulder pattern. This structure often signals a reversal from a downtrend to an uptrend. The neckline (blue...

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Disney Weekly Update: Technical Analysis (03/02/2025) In this analysis of Disney's weekly chart ( NYSE:DIS ), we observe key technical developments: Major Resistance Breach: The price has broken above a long-term descending trend-line, signaling potential bullish momentum. Consolidation Zone: After the breakout, the price is consolidating in a tight range near...