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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
V - turning bearishV is exhibiting signs of rolling over for the longer term: 1. a breakaway gap break below the 200day MA on 27 Oct on high volume (note: breakaway gap usually signify the start of a trend in the direction of the gap) 2. then finally a strong rebound on 1s December that brought it all the way back to the 200d MA but stalled just below 3. then another sell off on strong volume last Friday. Although another short term rally is possible, it is likely to trade below the 200d MA and all rallies are suspect unless the 50day MA can trade above the 200d MA again. Short a small position with a tight initial stop loss @ 221.50 (in view of some risks as earnings is releasing this Thursday). Will trail stops if trade goes my way. Targets indicated are suggestion based on fibonacci extensions. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:VShort
by Juliac
1