TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only...
Ok guys, despite the advanced breakouts on the 30min chart, PLTR is not flying right now, but in my view, it is a good thing that it keeps accumulating. The BBs are very tight, and sooner or later, it’ll do a breakout. The risk-reward ratio is more interesting for long trades, because we have too many supports and the RSI is quite oversold in the 4h chart: If...
This is it, my dear traders! NIO is trying very hard to escape from this very tight Bollinger Band, and maybe this RSI divergence will give us a clue to where NIO will explode next. Now I see the 46.80 as the breakpoint for us, and if we do break it, the RSI will confirm the breakout. We could be a little more oversold in the 4h, but that’s ok. NIO is trying...
Again, PLTR did exactly as we planned, and it did hold around the support area we talked about yesterday. Just like WISH, we have an RSI divergence + advanced breakout. All of this is great, and tells us there’s a good chance PLTR will do something good next. In the 4H we are still oversold, and we do have a good candlestick, as we expected. Now there’s a good...
Ok, WISH did exactly as we said yesterday. It is exhausted, and we have many interesting signs around. The breakpoint is the 11.22, we must watch it closely tomorrow! The RSI has a divergence + advanced breakout, just when the BBs are getting tight again! We hit the support as we expected we would, at 10.37, and ow we have the start of a reversal. This is...
We are in a consolidation, and the 13.19 is a ceiling for GE, while the 12.94 is a floor. According to Al Brooks, 80% of the breakouts are going to be false, so we must be careful. The time to buy is near the support, but there’s a chance we’ll see a breakout from the 13.19. We have a possible advanced breakout in the 4h chart, and if confirmed, this can make...
Ok, I just got cashed out of TSLA, and it was a good ride, but I think we have better opportunities around. Since it lost the red line, there’s not much to do. The RSI looks oversold, but not much. Can it bounce back to the 608 at the 20ma? Absolutely, but even considering this scenario, I don’t think it is worth the risk. Once again TSLA frustrated an...
It seems the 615 area and the 20ma are holding the price nicely, but TSLA must wake up and do a good movement this week, otherwise, it could drop again to the 600 area. The 615 was our first breakpoint, but now we have a second one. The 622 is the new breakpoint for Tesla, and if it breaks it for good, then it’ll hit our target at 635. The RSI still shows an...
Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some...
Some might say that Tesla is dead, and I agree, but it is not going to keep dead for too long, and the volatility will increase again at some point. If it loses the 600 again it’ll do a head and shoulders, and this can bring the price way down to the 580, where we bought it. But the red line is a nice support that is holding tesla for now. If it breaks the 615,...
I see Apple is just accumulating. We talked about in my last analysis that we should be careful, and in the 30min chart we see why. We are inside a big congestion, and yesterday, Apple closed the gap at 126.03. All of this is good, as this offers a chance to trade. If AAPL breaks the 127.90 again, it’ll hit the 131. The RSI has an advanced breakout, and this...
Yes, AAPL hit our target, as I said in our last analysis, at 127.90! Now what? The 126.42 is a support, but if AAPL breaks it, the 124.86 is the next target. Unlike a few days ago, we lack divergences on the RSI, so, it is hard to tell if it’ll break this line or not. But we are near the upper level of this consolidation, and although we do have an advanced...
As another request, I’ll analyze MTNB today! This time for @D0981237654! The stock has low liquidity, so, the intraday chart is hard to read. But we have some good signs in the daily chart. We have an inverted head and shoulders + an advanced breakout on the RSI. In the weekly chart we are above an interesting support level. If I had to do anything here, I...
Here we have a good example why we must trade price, not indicators. We had an incredibly nice advanced breakout on the RSI, which gave us some fantastic trades recently, but now, it didn’t work at all. As I mentioned, we trade price, and the trigger was the 606, which wasn’t triggered. You guys know that I want to another trade on TSLA, but I’ll only do it when...
If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops). Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us. The problem is the RSI in...
Tesla is doing some interesting movements today! Yes, it failed in dropping to the 596 as we’ve been expecting, but we might be at a support level right now. First, consider this advanced breakout seen in the RSI. If TSLA breaks the 606.52 it’ll confirm the ab and Tesla might seek the 616 again, or even break it to the next resistances. If Tesla doesn’t lose the...
Yes, AAPL is very weak, and it is in a congestion in the 30min chart. I updated the points from our last study here, and the new resistance is at 125.23, while the support is at 124.12. It is true that the RSI is showing an advanced breakout, and the diverge we observed yesterday persists. This makes me wonder if AAPL will hit the 126 again if it breaks the...
Yes, AAPL couldn't break the 127.90 again, and it is just moving sideways now. In theory, it could drop to the 126.08 and this could offer another chance to buy, if you missed the first point. Now it feels like AAPL has to rest a little bit, and let the bollinger bands get tighter. Although the 4h chart is not overbought, the 30min was a little, so this movement...