America
AUD/USD Technical AnalysisWe could see potential upward movement although sellers were stronger.
We have formed fake-breakout on a 4h chart closing below the 4h timeframe and below 1d timeframe resistance. Meaning that shorting in current position wouldn't be a mistake. Waiting for a little pullback and continuation to the downside.
My entry (when markets open)
Entry: .66862
SL: .67372
Entry #2 (in case i get stopped)
Entry:.67947
SL: .68174
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NVDA Cup and Handle breakout to the upside with target to $215.5Cup and Handle breakout to the upside with target to $215.50.
The breakout to the upside confirmed but is VERY weak.
The other sign of hesitance is the moving averages 7 > 21 <200MA
Either I'd wait for a test to the new support (Brim level) or a Strong candle up for some thought of upside to come.
Target $215.54
Head And Shoulder (NASDAQ) and a few reasons to remain bullish.Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech earnings preview report).
Ahead of the fundamental data dump, it’s worthwhile to revisit the index’s outlook from a sentiment and technical perspective:
Ultimately, the NASDAQ 100’s near-term performance will hinge on how investors interpret the Big Tech earnings season, starting with Netflix’s highly-anticipated report this afternoon. That said, the balance of the positioning, technical, and fundamental forces still suggest the index is in a bear market, and traders are likely to fade any near-term rallies at least until prices can break durably above 13,000.
Also anyone who spent countless hours on trading and analyzing would easily see this Head And Shoulder Pattern.
We see S&P500 is very bullish with recent tech innovations. TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand.
The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August.
President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing
Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion.
The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the biggest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. The Covid-19 pandemic shined a bright light on U.S. dependence on Chinese manufacturers as lockdowns led to a global shortage of the high-tech chips.
S&P, Short Now , long LaterYou can see that dashed line, that's out buy zone, now you can take up a short position, and long from there, it looks sills soon you will raise that this was scerius stuff, so just save this, take up screanshoot and check out in mid of 2023
SP500 showing major bull run to 4,410 with 1 MAJOR obstacleThe SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart.
The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100.
The big BUTT!
Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome.
The price action is showing bullishness and I hope to science that the price breaks up and out of the downtrend range.
this will dish us up a nice Santa Claus rally. And bias wise I am long 13 stocks at the moment :P
HDSN heading on up $14.00HDSN is showing a classic bull formation for upside.
We have a Double Bottom accompanies by 7>21>200 Moving Averages.
Right now we are seeing a retest to the 21MA which hopefully it gets its catalyst for further upside.
I don't like how the breakout was treated, but the system is the system and the long is activated.
BG could head to $127.57 with a warningBG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This makes this analysis a medium probability trade where I'd only risk 1.5% of my portfolio...
ABBV Inverse Head and Shoulders Bullish - Santa rally Skew Inverse Head And Shoulders with a target of $174.65.
We do see bullish signals momentum wise where 7>21 >200.
Bullish
Let's just hope a bull market does kick in here as we enter the Christmas season with a Santa Rally.
3D Systems potential INv H and S upside Potential Inv H and S on 3D Systems.
It looks ok, but the price still remains under 200MA and we need a break above the neckline first.
I wouldn't risk more than 1.5% for this trade.
Target $15.13
Moderna showing strong upside to $258.00Moderna has broken up above the 200MA...
It looks good for upside along with the American rally with (lower than expected inflation rates, high GDP numbers and higher jobs).
We just need a strong breakout above the Rectangle Box Formation before we have upside to $258.00.
Walking Inflation (United States of America) heres a chart with inflation at 2.63 over 6-7 year period im going to start running for biden administration - hopefully we can get trudeau out sooner- lol - like flagged comment follow do as you choose - take care
Rising Wedge in an uptrend for Lamb WestonThis is very subjective, and I am not good with these analyses...
It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle).
Also there is a strong bearish pinbar candle, that has shown the sellers are winning.
The momentum is looking weak and we could very well expect a reversal from here.
I would only short though if the price breaks below the pattern.
Kiss Hershey chocolates hello to $271!Hershey broke up and out of a Cup and Handle pattern.
The Moving Averages are all pointing up and looks good.
There is a retest on the brim level giving this a conservative entry for chart pattern traders.
Target = $271.00
CONCERNS:
With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with stocks gloablly.
GOLD 0,618 FIBO SUPPORTWe've again the same support at 0,618 fibo, and we use twice to watch if the smae number will occur, and yes, 0,18 still support. So the price could test the support and go long, or will just change direction to a long strategy, since MACD is already touching support.
But our position will be:
Waiting for a bigger bullish candle to buy XAUUSD or wait for the support test follow by bullish candles
XAUUSD Fibo retracament 38,2; 23,6; 0,523,6% we have the main resistance
38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it.
If 0,5 is crossed this have a big probability of being the next resistance.
We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again
Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
Netflix and rally to $338.39Cup & Handle formed on daily.
Gap close is likely.
RSI broken above 50 and out of the downtrend (Bullish momentum)
Target $338.39
Concerns:
Moving averages are still down
200 > Price.
Overall downtrend still evident
Bias- bullish
Occidental BULLISH biasBroadening Diamond Formation on Occidental
Bias upside:
MA's Bullish and price keeps bouncing up on 200MA - then going to new highs.
RSI up and making higher lows
Target $91.90
Union Pacific Corporation downside to come Simple analysis...
INV C&H where the price is under 200MA (major test)
RSI <50 and making lower highs - Bearish
Target $139.82
AMAZON to crash to $80This analysis I do out of doubt.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.
CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.
PSX long W Formation - 17 Oct 2022PSX has just broken out of a W Formation.
The target is now set to 144.22.
CONCERNS: Medium probability trade as the previous trend was sideways...
US100 in a strong bear channelRight now the channel is pre-dominant.
We can expect it to move up to 12,235 before comes back down to 9,000.
Bearish
Concerns, if for some reason things start showing glimmer of hope, it could be forming a W Formation which the price can break up and will send the price to near highs for the year. But right now, with the channel in play, bearish is more dominant.
