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TSLA: Crashed today! Time to panic-sell?Hello traders and investors! Let’s update our thoughts on TSLA today! As we mentioned in our previous analysis, the $ 896 was the most important support level, and that said, the moment we lost it today, TSLA melted. However, it is not doing anything unexpected. In fact, it is doing what I said would be “the worst-case scenario”. The link to my previous analysis is below, as always. First, in the 1h chart, TSLA lost its 21 ema, along with the $ 896, just to fill the last gap at $ 878, and to retest the purple line area, which was a technical target we already mentioned. To me, TSLA is inside a huge Ascending Triangle pattern, and since we are near its bottom, it is time to react. However, TSLA must react quickly, preferably tomorrow, in order to reverse and seek the $ 943 again. Otherwise, it’ll resume the bearish bias all the way down to the 61.8% retracement in the daily chart, at least. It is important to stress that although we are near support levels in the 1h chart, TSLA is still in a bear trend in the weekly chart, and its 21 ema is working as an annoying resistance. Another thing is that the volume must increase, or it won’t go up properly. Remember one of the most important Dow Theory’s tenets: The volume must confirm the trend. For now, we must wait for a proper reaction near its support before calling TSLA a buy again. Since we at support levels, I don't think this is the time to panic or sell. Instead, we must calmly watch for more signs, as are during times like this that the best opportunities to buy usually appear. Either way, I’ll keep you guys updated every day on it, so remember to follow me to not miss any of my analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SHOP: Is it a good idea to BUY the DIP?Hello traders and investors! Let’s see how SHOP is doing today! It is crashing after earnings, but is it now a good time to buy? After all, “buy when there’s blood in the streets”, right? Personally, I always like to buy the dips, never the tops, however, as I like to say, there’s a right way of doing it – and there’s a wrong way. The charts can help us a lot here. Yes, SHOP dropped from $ 1,700s to $ 700s, and it seems nothing can help it. This week, we filled a gap at $ 765, from June 2020, and this is interesting. Remember: Gaps work as magnets. This gap could become a very good support level for SHOP, however, we must always wait for confirmation. So far, there’s not a single bullish reversal sign, and as far as I know, it still could drop more, to the next support at $ 683, so caution is advised. What could be a bullish reversal pattern? Any bullish candlestick pattern in the weekly chart, like a Bullish Engulfing, Piercing Line, etc. Alternatively, a bullish chart pattern in the daily chart, like an Inverted Head and Shoulders, a Bullish Pivot Point, Double Bottom, etc. Let’s never buy something because it dropped too much, because it is near support levels, or it “looks oversold”. Let’s use technical analysis in our favor, as we can enhance the odds in our favor, and do the proper risk management using charts. Either way, we must wait for more signs, but SHOP is a good stock to add to our watch list. I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses.
NYSE:SHOP
by Nathan_The_Finance_Hydra
AMD: Triggering a Bearish Flag? Time to panic?Hello traders and investors! Let’s see how AMD is doing today! First, AMD triggered the pivot point in the 1h chart that we mentioned in our last analysis (link to it is below this post), however, the market is trying to frustrate our previous bullish thesis. Let’s update our thoughts. The problem on AMD is that it is triggering a possible Bearish Flag pattern in the 1h chart, and this could lead us to the open gap at $ 105.39, which is a nice target for us here. There’s still time for a reaction, and AMD could avoid this bearish scenario, but it must react quickly in order to reject this pattern. In the daily chart, we see that it wouldn’t be easy for AMD to drop all the way to the last gap, as it has its Fibonacci’s Retracements working as support levels too. For now, I must say I’m neutral on this, as we see better options around, but it all depends on how it’ll react from here. Any good reaction now, or at the gap at $ 105 could be a great opportunity to buy or add positions. I don't see it as an opportunity to sell, as the Risk/Reward ratio is not attractive to me. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
SPY: Bullish reaction or Dead Cat Bounce?Hello traders and investors! Let’s see how SPY is doing today. Yesterday, we successfully identified a bottom level, and now it is reacting accordingly. What’s next? In the 1h chart, it gapped up, and now it is trading above the 21 ema. This is a very good sign, and in theory, it will keep trending as long as we don’t see a reversal around. What could ruin the bullish bias? If it loses the $ 443.22 (green line). Then SPY could easily fill the gap at $ 440. Now, let’s see the daily chart: There’s still some upside potential, and here we see clearly why I said the index was close to its bottom yesterday: It just hit its 61.8% retracement. Today’s reaction confirmed a good reaction, therefore, I see it at its 21 ema next. The link to my previous analysis is on the link below, as always. If it'll do a Dead Cat Bounce or not, we'll know in a few days, especially if it actually retests its next resistance. For now, we must wait for more confirmation and see how it'll react near its next resistance. Remember, technical analyis is reactive, not predictive. For now, we can only guess. Although pullbacks are plausible, SPY must not lose its green line in the 1h chart, otherwise it could drop to the 61.8% retracement again. I’ll keep you guys updated on SPY every day, so, remember to follow me to keep in touch with my daily analyses.
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AMEX:SPY
by Nathan_The_Finance_Hydra
44
TSLA: Where's the next resistance? Is this a Dead Cat Bounce?Hello traders and investors! We successfully identified yesterday as a bottom level, and today it is going up sharply after it triggered the key point we mentioned. In our previous study, I mentioned the $ 896 as our main key point. Today it broke this point by doing a Gap, making it a Breakaway Gap. TSLA could retest the $ 896 as a support again in the future, and this wouldn’t ruin the bullish bias – in fact, it could just be another buy sign. It must not lose this support again, though, as the gap at $ 847 might work as a magnet for the price. However, as long as we stay above this line, TSLA will remain bullish. Now, it seems we are just heading to the $ 943, and if we don’t see anything surprising, we could hit it this week. When we look at the daily chart, we see that TSLA is reacting at its Fibonacci’s Retracements, and as I mentioned in our last study, this is the best place for a reaction. The link to my previous analysis is below this idea, as usual. It seems to me TSLA is heading to the $ 943, but I agree that the 21 ema might offer some resistance in the short-term. If we fail in breaking the ema, the market might see this just as a Dead Cat Bounce, and this is why we must pay attention to this level in the next few days. Yes, TSLA has its risks, but given today’s reaction, it seems it is becoming bullish again. Let’s follow it closely from now on, and I’ll keep you guys updated on this, so, remember to follow me to not miss my daily analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
AMD: This pivot point could trigger a reversal on it!Hello traders and investors! Let’s see how AMD is doing today! First, the stock failed miserably in retesting the $ 141, which is still a technical target for it, but the moment it lost its 21 ema it got too weak. However, the recent drop seems ok, as it just went down to fill the previous gap at $ 117.26, and it seems it is stabilizing in this area now. Remember: Gaps work as magnets, and they are nice support/resistance levels to work with. Now, the most important key point to watch here is the green line at $ 118.37. This point is a pivot point, and since AMD already did a higher low, by doing a new higher high it’ll be a good sign that the trend is reversing. By breaking this pivot point, the next gap at $ 132.33 is the next target to aim, at least in the short-term. For now, we must wait for more confirmation. In the daily chart, we see that this reaction couldn’t be more convenient. We have many Fibonacci’s Retracements to hold the price, and it seems the area around the 50% and the 61.8% is doing a great job. The only scenario where AMD would be bearish is if it fails in triggering the pivot point, and loses the 61.8%. In this scenario, it could easily retest the $ 99.67 again. For now, it’ll be extremely important to watch the pivot point in the 1h chart, and to monitor the retracements in the daily chart. I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future analyses. Have a good day, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
NVDA: We nailed the bottom! What's the next target?Hello traders and investors! In our last study on NVDA, last week, we did a very competent job, and we nailed where the bottom would be. Now, it is going up sharply, so we must update a few things. Oh, and the link to my previous study is below this post, as usual. In the 1h chart, NVDA did exactly as expected, and hit our support level at $ 239, and I did a bullish pattern there, as I warned – in this case, a classic Double Bottom chart pattern. Now, NVDA is flying, and it seems it wants to retest the previous resistance at $ 269.12 (green line). In addition, it did a Breakaway Gap today, indicating some strength. However, there is still a reason to be cautious, which is the purple line in the daily chart. This line tells us that NVDA is still bearish in the daily chart, and we must watch it carefully around this line, as any top sign could make it drop again. Given the reaction in the 1h chart, it has good chances of breaking this resistance, but we must wait for more confirmation. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses. All the best to you, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
NVDA: What's the problem with it? A Multi Time Frame Analysis.Hello traders and investors! Let’s see what’s the problem with NVDA, and do a Multi-Time Frame Analysis (MTFA) on it. In the 1h chart, it seems it just filled its previous gap, and it is heading to the next support at $ 246. However, despite the lack of bullish reaction, the trend is still bullish (in the short term), as NVDA is still doing higher highs/lows. It could be a stronger trend, yes, as we are below the 21 ema now, but it is still bullish. If NVDA loses the $ 246, the bull trend will get weaker, and it might retest the $ 239 in sequence. The recent bearish reaction shouldn’t be surprising, as in the mid-term, NVDA just hit a resistance level: We hit the purple trend line in the daily chart, and although NVDA is really trying to reverse, it seems to me it must break this line for good in order to say it is a bull trend in the mid-term again. Ok, so, we have a bull trend in the short-term, bear trend in the mid-term. How about the long-term? We have another resistance here, which is the 21 ema. If it closes above the ema this Friday, great, I’ll consider it a good sign. The trend is clearly bullish in the weekly chart, and maybe this last drop will be part of a huge Flag pattern in the long-run. For now, we must keep an eye on the next support levels, and wait for a good reaction there. If this happens, the mid-term trend might reverse. I’ll keep you guys updated on this. If you liked my analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped. Have a good weekend, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
SPX: Could it reverse and fill the GAP at 4,652?Hello traders and investors! Let’s see how the SPX is doing today. First, in the 1h chart, it lost the support level we mentioned yesterday, triggering a bearish reaction, as expected. The correction was quite sharp, but is this a reason to panic? To be honest, I was expecting a sharper correction, maybe to the previous support at the black line, but the index is trying to find support already. Yes, it still could retest the 21 ema and do a Dead Cat Bounce all the way down to 4,453. However, I'm not too convinced of that, and it is important to look at the Futures for more clues: The index hit its previous support today at night, at the 4,456 (red line), and it is bouncing back up nicely. It found a resistance at the 50% Fibonacci’s Retracement, and it is trying to stabilize today. As far as I know, the best moments to buy are near support levels, like red line, and sell near resistances, like the blue line. Given the way the SPX and the Futures are looking, it is plausible to see more upside potential, the question is, for how long it could go up. Regardless of how the index reacts in the 1h chart, I still see the 38.2% retracement in the daily chart as the most important support level for the mid-term. By losing this retracement, it would trigger a Double Top chart pattern, and it could easily slip towards the 61.8% retracement. If we’ll see a Dead Cat Bounce or not, we don’t know yet, as we lack confirmation on the charts. Any comment on that would be just a guess. However, if the SPX breaks the resistance (previous support) at 4,531, this could be a nice false breakout, and the index might trigger a pivot point that could help it to break the resistance at 4,583 and fill the next gap at 4,652. It’ll depend on how the index will close today. I’ll keep you guys updated, as always. If you want to keep in touch with my daily analysis on indices and stocks, remember to follow me, and to support this idea if it helped you. Have a good weekend. Nathan.
SP:SPX
by Nathan_The_Finance_Hydra
2
DIS: Time to BUY after amazing EARNINGS?Hello traders and investors! Let’s talk about DIS today, as it is flying after earnings, and do a complete Multiple Time Frame Analysis (MTFA) on it. When we see a movement like this, it is important to not get emotional and euphoric, and see the situation as it is. As a trader and long-term investor in DIS, I’m very pleased with this movement, however, is it the right time to buy it? No. The reason is very simple: DIS just hit a target, which is the gap at $ 155.18. This point is supposed to work as a resistance in the short-term, and the odds are that DIS will do a pullback from here. If not a pullback, at least a sideways correction. So, what to do with DIS? It depends on your strategy. If you are a short-term trader I think it is time to book profits, if not totally, at least partially. If you plan on buy DIS, or add positions, wait for it to get near a support level again. Remember what I always tell you guys: Buy near supports. This way, you’ll maximize your Risk/Reward. If DIS drops to its 21 ema, that’s ok. To me, would be great to see DIS repeating what GOOG did after its earnings: The bias would still be bullish, and it would be a second chance to add positions here. I say this only because I still believe DIS will fill all its previous gaps: This reaction came in just in time, as in the weekly chart DIS filled a gap from Nov 2020, and found a very nice support level there, before it did a classic Hammer candlestick pattern: Even with the possibility of a pullback in the short-term, DIS is doing a very good reaction in the daily chart, and we have two other gaps at $ 173 and $ 182, which are targets of this reversal movement. The weekly chart reinforces this idea of a pullback in the short-term, as DIS just hit its 21 ema there, and this might be another resistance for us, along with the gap area in the 1h chart. It will probably take a few months to recover, but the signs are looking good. To me, DIS is doing what I like to call “gap reversal ritual”, a pattern that never failed me before, and I talked about it in a very old analysis I did on NVDA, last year (link below this post). Remember to follow me to keep in touch with my daily analysis on stocks and indices. Let’s keep our eyes on DIS, as probably we’ll see more opportunities here soon. All the best.
NYSE:DIS
by Nathan_The_Finance_Hydra
TSLA: Could it hit the $1k again? Let's see.Hello traders and investors! Let’s see how TSLA is doing today! It has been doing nothing surprising, since our last analysis, however, it is important to stress how important the $ 943 area is. Today is the third time it is retesting this resistance after our previous analysis, when we identified it. Link to my previous analysis is below this post. As long as TSLA stays below the $ 943, we'll hardly see anything new. The retracements are working as support levels for TSLA, but today we couldn’t hit even the 38.2% retracement, indicating some strength. The volume is decreasing in the daily chart, and this helps to explain why TSLA lacks strength to break the $ 943 area. We have a target near the $ 1k area, which seems to be an important price level for TSLA, but the confirmation will only come by breaking the $ 943 for good. There’s nothing indicating we’ll see a pullback for now, but if we do, the retracements in the 1h chart are support levels that will probably hold the price. In the worst-case scenario, we will fill the gap at $ 847. In my view, it is good to see TSLA accumulating, but this movement must not last for too long, or it’ll be a sign of weakness. I’ll keep you guys updated, so remember to follow me to keep in touch with my insights on TSLA and other stocks/indices. Have a good day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: Did exactly what we were expecting. What's next?Hello traders and investors! The index is behaving exactly as we expected, despite the volatility after CPI. Even during stressful scenarios, technical analysis works amazingly well. The index dropped this morning, only to bounce back up at the 21 ema in the 1h chart, and to fill the last gap at 4,531.32 (dashed line), exactly as we said it would on our study yesterday (the link to my previous analysis is below this post). This was a very good reaction, which reinforces the bullish bias seen in the short-term. Although we see no reason to believe it’ll turn bearish, the index must break the previous top level at 4,583 in order to resume the bullish bias in the mid-term as well, or the market may see this as a possible Double Top. Despite the flash-crash today, thanks to CPI, the index just hit its 21 ema in the daily chart, and now it is recovering from here. We see that the dashed line (which represents the gap in the 1h chart) is very close to the 21 ema in the daily chart. This point seems to be a very strong support level for the index, and only if it loses it we can start wondering about a sharper correction. For now, the situation seems under control, and there’s nothing surprising around. If the S&P breaks the 4,600 area it’ll trigger a bullish pivot point in the daily chart, and this will be another very positive sign. I’ll keep you guys updated on a daily basis, so, remember to follow me to keep in touch. All the best.
SP:SPX
by Nathan_The_Finance_Hydra
4
A comparison between IXIC and US10Y.Hello traders and investors! Let’s do a quick study on the IXIC. The index is having a hard time now that we hit our resistance and filled the gap at 14,387, and this is expected. This could trigger a pullback all the way down to the previous gap at 14,226, and the 21 ema area. Together, these supports form a dual-support level for the short-term. If we lose this dual-support level, the index could drop more, but so far, we have no bearish sign confirming this. It is important to watch the 10-year yields, as this might be an important catalyst for the next movements: To me, it seems it is doing a Double Bottom to fill the previous gap (yellow area), and this confirms the idea of a pullback in the short-term. However, when we look the daily/weekly charts, we see something interesting: The 10-yr yield is doing a Hanging Man candlestick pattern in the daily chart, just after it hit the resistance at the black line, seen in the weekly chart as a major resistance in 2019. If the yield is about to correct for the next few days, now is the best time in many years. This reading don’t affect the short-term reading, however, if the 10-yr yield triggers this Hanging Man, I’ll be convinced of a sharper pullback for the mid-term. The IXIC still could fill the previous gap, and trigger the pivot point at 14,504 in sequence, reversing the trend in the mid-term, potentially filling the gap at 14,855. To sum up, even considering a possible pullback in the short-term, the bullish thesis in the mid-term is still valid – until proven otherwise. Remember to follow me to keep in touch with my daily studies on stocks and indices! Have a good day.
TVC:IXIC
by Nathan_The_Finance_Hydra
SPX: As we expected, it filled our first gap! What's next?Hello traders and investors! Today, the SPX hit our first gap, as we expected. However, we must be careful, as the situation is quite complex. First, in the 1h chart, the index moved according to our bullish thesis: It broke the purple line, traded above the 21 ema, and it filled its first gap at 4,583. This point is a natural resistance, and if we see a pullback lasting a few hours or even days from here, let’s not be surprised. The thing is that it did another gap today, and we still don’t know what kind of gap this is. If it is a Runaway Gap, great, the SPX will probably break the 4,583 and close above it, confirming a strong bullish momentum. If the gap resistance holds the price, and if we correct from here, this gap might be just a Common Gap, and a target for a possible correction in the near future, along with the 21 ema. This wouldn’t be a problem, as it wouldn’t ruin the bull trend seen since Jan 24, but this will surely delay any other bullish structure it could do next. So, be prepared for this scenario. In the daily chart, everything is going according to the plan, and it seems we have a bullish pivot point in process. By breaking the previous top, the index will confirm a bullish structure that could last for a few more weeks, and will probably hit our final target at 4,652, which is our second gap. Remember: Gaps work as magnets. We are finally above the 21 ema, and there’s not a single bearish structure that could convince me we will reverse from here. I’ll keep you guys updated on a daily basis, so remember to follow me to not lose any of my future analysis! Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
2
SPX: What could make it hit 4,652?Hello traders and investors! Let’s take a look at the SPX. Today, it is breaking the purple trend line we mentioned yesterday, which is good, and this might be the beginning of a new bullish movement. However, in order to make it an official bullish sign, we must do higher highs/lows again. Despite the lack of bullish signs in the past few days, the index has been in a bull trend since Jan 24, and it has been doing higher highs/lows. What’s more, I don’t see any bearish structure that could convince me we would drop from here. If we had a sign of a bearish pivot, double top, H&S, etc., then the story would be different. Let’s see the daily chart, for more clues: The problem with the index is that it is having a hard time breaking its resistance at the 21 ema. In the past four days, the 21 ema worked amazingly well as our main resistance, while the 38.2% retracement is our support (coincidence or not, the 38.2% is the black line seen in the 1h chart too). We see a possible pivot point, and if the index breaks its 21 ema, the momentum might be strong enough for us to break the 4,600 area and hit our target. I already set the target at 4,652 (open gap seen in the 1h chart), and for now, there’s nothing that could change my thesis. This week we have CPI, and surely, the volatility will increase, so we must keep our eyes open on Thursday. What could put our thesis at risk? Again, if it triggers any bearish structure in the 1h chart. What’s more, I would keep my eye on the 4,453 support, as this seems to be a key point. I’ll update you guys tomorrow, so remember to follow me to not miss any of my future analyses. All the best.
SP:SPX
by Nathan_The_Finance_Hydra
6
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level. PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line) PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports. But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside. Here are EXTRA Reasons why PYPL is a good SHORT idea here. TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish. Broke Down and even retested the Rectangle range. Broke Previous Breakdown support. GAP to fill at the GREEN Rectangle ($130s) area. A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap. Some contradicting indicators to this SHORT idea TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side. WEEKLY moving average cloud. Still some more key levels to be breaking I hope you guys enjoyed this idea! Share it if you liked it! If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
NASDAQ:PYPLShort
by ZachSap
1
The Gap (NYSE: $GPS) Recently Poked Thru The Golden Pocket 🔔The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of March 04, 2021, the company had 3,100 company-operated stores and 615 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.
GLong
by DEXWireNews