Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally:
Click chart above to see the detailed analysis👆🏻
Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon.
Levels to watch: $130, $270
Keep your long term vision,
Philip (BasicTrading)
Breakandretest
EUR JPY Entry Setup 2 Hour TimeframeOn the 2 hour timeframe, EURJPY has formed a bullish rectangle continuation pattern, followed by a strong breakout to the upside.
To confirm our entry, we need to wait for the price to pull back to the retest level, where we'll look for candlestick confirmations before entering a buy position.⏰
Dow Jones - There Is A Lot More Upside!Dow Jones ( TVC:DJI ) is just starting the next bullish impulse:
Click chart above to see the detailed analysis👆🏻
The Dow Jones is anything but bearish and over the past couple of months, value stocks in general have actually been outperforming growth stocks significantly. I do expect all time highs on basically all major indices and the Dow Jones might even head for the $50.000 mark next.
Levels to watch: $50.000, $35.000
Keep your long term vision,
Philip (BasicTrading)
Looking for a break and retest of ATH's for XOM!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Google - Textbook break and retest!NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend.
The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago. I just expect Alphabet to retrace back to the breakout level before then creating new all time highs.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
Looking for a retest of ATH's on Caterpillar! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
CAD | CHF - Possible corrective phaseCAD | CHF primarily bullish for a while on HTF, although there is a potential FLIP control of SELLERS. On the other hand, if the price fails to stay above 0.62000, sellers may regain control, bringing the pair back down towards crucial support levels at 0.614000 and 0.61000. A breakdown below these levels would negate the optimistic prognosis for the future.
NOTE:
- this is just solely based on my knowledge and Technical Analysis.
Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs:
Click chart above to see the detailed analysis👆🏻
This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
Microsoft - Correction Is Not Over Yet!Microsoft ( NASDAQ:MSFT ) can still drop a little lower:
Click chart above to see the detailed analysis👆🏻
It seems like the correction on Microsoft is not over yet and following previous price action and market structure, a move back to the previous triangle breakout level seems to be quite likely. However Microsoft still remains in an overall bullish market so looking for long setups is best.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Nvidia - The -60% correction is starting!NASDAQ:NVDA is showing us multiple confluences which will lead to a massive move lower.
Be greedy when others are fearful and fearful when others are greedy. But on Nvidia we cannot be fearful yet - so far, the smaller timeframes are still bullish. Everything makes me believe though that we will see a significant move lower soon: Nvidia is retesting massive channel resistance, repeated the previous bullish cycles and is preparing for the next correction cycle!
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
Amazon - Give me another -10%...NASDAQ:AMZN did not create a sustainable all time high yet and might head lower short term.
Click image above to see detailed analysis
Short term counter-trend moves are always very welcome because they allow you to enter trading opportunities within a major higher timeframe trend. After Amazon actually broke above the previous all time high but immediately closed back below, we knew that this was a false breakout. If we get a short term move lower, we might get another textbook trading opportunity.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.
Click link above to see detailed analysis 👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading
ADVANCED MICRO DEVICES - Ready for a reversal?NASDAQ:AMD is retesting a significant horizontal structure and we might see a bullish reversal soon, considering that AMD already created a correction of -45% over the past couple of months.
Click chart above to see detailed analysis
AMD is clearly one of these "AI" hype stocks which is now coming back to normal levels after also NVIDIA and other tech stocks are correcting a bit. AMD has been trading in a rising channel formation since the "Covid" crash back in 2020. With the recent break and retest, we could definitely see a bullish reversal soon.
Levels to watch: $120
Keep your long term vision,
Philip - BasicTrading
Intel - Is this for real?NASDAQ:INTC created a top formation and is dropping hashly ever since - be careful!
Click image above to see detailed analysis
Catching falling knifes will go wrong 9 out of 10 times and you will cut yourself very badly. Just in a couple of months, Intel is down about -65% and is not slowing down at all. This honestly seems like the possibility of bankruptcy is not that far away and investors and trader should be extra careful. We have support coming soon, but the question is: will it stabilize price?
Levels to watch: $18
Keep your long term vision,
Philip - BasicTrading