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NIO: Hit our target again! What's next for us?Hello traders ands investors! NIO hit our target and it filled our gap at $ 40.83 . The link to my previous idea is below this post, as always. Now, what’s next for us? First, in the 1h chart, we see a clear bull trend. NIO is doing higher highs/lows , and the 21 ema is pointing up. Today we are above the resistance at the gap , indicating that it’ll seek other resistances. We have a minor resistance around $ 44.38, but the resistance at $ 46.36 is much more interesting to work with. In the daily chart, NIO is already above the 21 ema, and we don’t see the $ 44.38, but the $ 46.36 is a clear mid-term resistance for NI O. Since it is giving early signs of reversal, the chances that it’ll seek the next resistance are very good. The volume is also quite good, and NIO already did a bullish structure indicating a reversal, when it triggered the bullish pivot at $ 39.62. It seems NIO will reverse the trend and seek higher levels in the next few days/weeks. Let’s follow it closely. And if you liked the analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
NYSE:NIO
by Nathan_The_Finance_Hydra
7
JICPT| Tencent completed retest, ready to challenge gap! Hello everyone. It's a good day for tech bullish buyers, especially Tencent fans. On the daily chart, I found the retest has been completed with a bullish leg-out candle formed today. Looking above, the next challenge is the gap from HKD513 to HKD528. Also, there is a downtrend line which may weigh on it. Looking forward, the valuation is attractive and I'm bullish on the stock. Though, it could have a second fall to the level of HKD479 before coming back again. What's your opinion? Give me a like if you're with me.
HKEX:700Long
by JICPT
2
PLTR: Example of how to do a Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today, do a complete Multi Time Frame Analysis (MTFA), and I'll share with you my bullish thesis on it. First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop. Only if we lose the purple trendline in the 1h chart we might see a decent pullback in the daily chart, but for now, we have no bearish confirmation, and the trend is 100% bullish. In the 1h chart, it seems we have a Cup & Handle chart pattern, and the target of this pattern is the $ 27.47. Even if PLTR does a pullback in the daily chart, let’s say, to its 21 ema, the trend would still be bullish in the mid-term, and wouldn’t change our bullish thesis. The $ 27.47 is another key point. It is not just the target of this Cup & Handle, but it is a pivot point in the weekly chart : If PLTR defeats the $ 27.47, there is no other meaningful long-term resistance other than the $ 45 . What’s more, the chances of a breakout are very high, and this is evidenced by the volume , which has been increasing a lot in the past few weeks. We have more targets to work with in the mid-term, like a gap at $31.34, but if you aim for the long-run, PLTR is a fantastic stock to own, given all the patterns it has been doing. And this is how we build our thesis, based on technical analysis (or fundamentals), not on what we "think", "believe" or "guess". Nobody else's opinion matters, not even mine. Only the charts matter. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped! Have a good weekend!
P
by Nathan_The_Finance_Hydra
8
TSLA: Hit our target! What's next?Hello traders and investors! Let’s see how TSLA is doing today! TSLA has been killing its bears recently, and yesterday it finally hit our target , filling the gap at $ 732.61. Have no bearish structure , and there’s nothing telling us that it’ll drop. The support at $ 729.87 is a key point for us, and only if TSLA loses it, we might see a correction. The 21 ema is pointing up, and we have a series of higher highs/lows and everything is telling us that TSLA is just heading to our next target. In the daily chart, it is easy to identify the strong bull trend TSLA, and the $ 753.77 is the next target . The volume is increasing, and it is looking good. I see the $ 753 as a minor resistance, and the $ 780 is better to work with in the mid-term. Just like in the 1h chart, the 21 ema is pointing up, we have higher highs/lows, and we have a strong bull trend in the short, mid, and long-run . If we see a bearish structure in the 1h chart, by losing the $ 729, then we might finally see a correction. But for now, we are doing great. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
SPX: Afraid of a pullback? Check these key points.Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we have some interesting key points to watch from here. First, the trend is 100% bullish, and there’s not a single pullback/reversal/weakness signs around . We don’t see any bearish structure, only bullish. However, if the index doesn’t break the previous top, and fails in doing a new record, and if it loses the green line at 4,515 , we’ll see a bearish structure . This will create a pullback in the daily chart: Even if the SPX drops, hardly it’ll drop much , as we have too many supports to hold the price: The 4,480; the 21 ema; and in the worst-case scenario, the purple trendline. As far as I know, if the index drops to one of these supports, we buy at the slightest bullish pattern we see around, because the Risk/Reward ratio will make sense again. Keep in mind that we have many supports in the 1h chart as well, like the 4,500; the 4,469; and the gap at 4,444. All of this supports our idea that a pullback might be just an opportunity . The index is trending nicely, and so far, we have no sell sign. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
4
NIO: What you need to know about it!Hello traders and investors! Let’s see how NIO is doing today! In the 1h chart, we see an accumulation . The support is at $ 36.68, which NIO retested twice, and the resistance is the $ 39.62, retested 3x. The 21 ema is flat, and it is always useless during sideways movements. We have an open gap at $ 40.83, which probably will be filled, but NIO must escape from this congestion first. It is interesting to note that NIO has no other meaningful resistance besides the $ 46.36, and if we see an upwards breakout from this congestion, this is going to be our target. In the daily chart, the situation looks interesting. It seems the $ 39.62 is a pivot point , and this could work as a nice reversal for the mid-term on NIO. We already did a higher low, if we trigger this pivot point, and do a higher high, it’ll be perfect. Probably we’ll defeat the 21 ema, and the next target is the $ 46.36, as we said, as this was the previous top level. However, it is a little too soon to assume anything, so, let’s wait for more confirmation. NIO looks promising, but it must trigger its signs first. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
NYSE:NIO
by Nathan_The_Finance_Hydra
10
AMZN: Bullish signs around! Will it fill its gap?Hello traders and investors! Let’s see how AMZN is doing today! It did what we expected in our last study, and it did a bullish pivot point in the 1h chart ($ 3,318.86). The trend reversed for good, and it looks very strong, as it didn’t even try to retest the 21 ema. Now it is just going up, and we have no bearish signs around. It is interesting to notice that AMZN did a good reaction at the best time possible as it was just above its support in the daily chart: The black line at $ 3,182.38 was a strong support level for AMZN , and when it did the pivot point in the 1h chart I was more convinced of a stronger movement. Now the odds are that it’ll fill the gap at 3,580.01. Probably we’ll see pullbacks along the way, but the bias is bullish for now. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped! Thank you very much. Have a good week.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
6
AMD: You must pay attention to these patterns! Next Key Points!Hello traders and investors! Let’s how AMD is doing today! It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around. The moment to buy AMD was at $ 106.07, as I warned you last week ( link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks. However, we have some good signs in the daily chart: After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement , AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S. If triggered, AMD will have a technical target at the All-Time High . The only thing missing here: A good volume after a breakout. Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
TSLA: Something interesting is going on here!Hello traders and investors! Let’s see how TSLA is doing today! Ok, we overestimated the bears here, and the pullback to the $ 695 as we expected didn’t happen (we missed by only $ 2). But TSLA is not in a strong bull trend anymore. It is still a bull trend, but since we lost the purple trend line the movement is starting to look more like a congestion . That’s fine, and as long as we keep above the $ 695 and don’t do lower highs/lows, the odds are TSLA will fill the gap at $ 732.61, as we see in the daily chart: In the mid-term, TSLA is trending nicely, and despite the movements seen in the short-term, there’s nothing to worry on TSLA. In fact, we could even assume that the congestion in the 1h chart is a Flag chart pattern. In the worst-case scenario, TSLA would hit again its purple trendline, and this wouldn’t ruin the bullish bias in the daily chart. If you read this far, remember to support this idea and follow me to keep in touch with my daily updates! Have a good day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
NIO: Giving us early signs of reversal!Hello traders and investors! Let’s see how NIO is doing today! Yes, NIO is giving us early signs of reversal, as we thought in our last analysis. Now it is dropping, but is there any reason to panic? Let’s see. The $ 39.62 seems to be a resistance for NIO, which made it drop again to the 21 ema, and it might even retest the $ 37.89, the first pivot point that reversed the trend. I don’t see this as a reason to worry, as NIO is doing just fine for now, and we lack bearish structures in the short-term. If we lose the $ 37.89 then ok, the bullish thesis will not work as we wish, but if we defeat the $ 39.62 NIO will fly again. We have an open gap at $ 40, and no other meaningful resistances up to $ 46.36. The Risk/Reward ratio seems to favor the bulls here. However, in the daily chart, the bulls are still in trouble. We lack bullish structure here, and the reversal signs in the 1h chart may be not enough. The 21 ema is pointing down, and we are below it. It feels like if we are about to see a bullish reaction, it is still too early to tell. If we defeat the $ 39.62 in the 1h chart, it’ll be a good start, but as long as NIO keeps moving sideways, we can’t assume anything. Let’s keep our eyes open here. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
5
SPX: Yes, the support is working as we thought. What's next?Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it just retested the 4,480 , which is the key point we’ve been mentioning for a while, and now it is trying to react. As long as it keeps above this red line and the 21 ema, the index will keep trending. In fact, since we have this red line and the 21 ema, we can call this a dual-support level . If we actually lose it, then probably we’ll fill the gap at 4,444. It is interesting to notice that the gap at 4,444 is very close to the 21 ema in the daily chart, making it another dual-support level in the mid-term . In the worst-case scenario, we would hit the purple line again. For now, let’s watch carefully the red line in the 1h chart, as this is the key point for the short-term. I don't think now it is a good time to buy, but we have many other stocks that are looking great, in my view. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
1
SNAP - ATR is decreasing, time to buyReferring the left side chart only This is an hourly chart of SNAP backtested using my Script: " Relative Volume Strategy " From backtested trades, we got stopped out two times in a row in this 70-75 price range. Still, this proves to be a significant price area. The win-rate with the default settings is approx. 35%. Odds of winning next time should be in our favor (i.e. followed by a breakout). It is assumed that the up-gap formed on July 22 (as a result of positive earnings) is a breakaway gap. If it fills, then it will be a matter of risks associated with the overall market (not SNAP as a company individually). We will put a stop loss near the orange support line. ----- Other information (about the right side daily chart): This setup is just for my reference to see price actions from a higher timeframe. At the bottom, I pasted some target prices. We note that the current price is below average target.
NYSE:SNAPLong
by DojiEmoji
Snap Holds Bullish Earnings GapSnap rallied hard one month ago following strong quarterly results. Now it may be ready to move again. Notice the bullish gap on July 23 after the social-media platform’s profit, guidance, traffic and revenue beat estimates. SNAP has barely filled any of that gap, which indicates sellers are few and far between. The stock also held its early-July peak around $70, turning old resistance into new support. Next, SNAP jumped back above its 21-day exponential moving average (EMA) on Monday and held that line on Tuesday. Third, stochastics recently fell into an oversold condition and are now rebounding. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:SNAPLong
by TradeStation
TSLA: Filled the first gap!Hello traders and investors! Yes, TSLA hit our target at $ 714.64 with astonishing precision, and now it is just doing a sideways correction. This is expected, and a pullback to the $ 695 or to the 21 ema area is expected, and this wouldn’t ruin the bullish momentum . It only would give another buy opportunity. By defeating the $ 714, the next stop is the $ 732.61, as we can see in the daily chart: The $ 732.61 is an open gap , which has been there since April. It took a while, but it seems TSLA will finally fill it. Yesterday’s candlestick was important as we broke the 21 ema, closed above it, and the volume was very good too. Aside from the many bullish patterns seen in the last few days, this is another good indicator that the bullish momentum will persist a little bit more. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Have a good day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: As usual, we nailed the movement! What's next?Hello traders and investors! Once again, the SPX is doing a fantastic movement, and this is not a big surprise for us at all. The index gave us many buy signs before the ATH, and we talked about all of them in my previous analyses (links below), but let’s recap: 1st) Hit the dual-support area made by the purple trendline and the red line at 4,369; 2nd) Triggered a bullish pivot point in the 1h chart when it defeated the 4,418; 3rd) Triggered the Piercing Line candlestick pattern seen in the daily chart on Friday. See the 1h chart below. The Pivot Point was the 4,418 (red line). Now the index just hit our target at the Gap in the 1h chart (4,471), and we have a new record high, as usual. Corrections like this are usually opportunities to buy, but unfortunately, I see people panicking over a clearly harmless pullback. If this were a true reversal, we would know. In the end, it was just another bear trap. Right now, we have no buy sign. The time to buy was last week, when it gave us plenty of buy signs. Now it is time to manage our positions. Since we hit our target, booking profits is something wise to do, and I have a neutral view of the index right now. Despite this, I see many stocks that are still giving us buy signs, and that look much more appealing than the SPX, or even than the NDX. You just need to know where to look. I write daily analysis on SPX and other stocks, and if you want to keep in touch with my insights, I invite you to follow me. My previous ideas are all public, and again, the links are below this post. Have a good trading week.
SP:SPX
by Nathan_The_Finance_Hydra
5
NIO: The start of a reversal?Hello traders and investors! Let’s see how NIO is doing today! We have an important bullish structure in the 1h chart, and this could make the difference for the short/mid-term. NIO is triggering the bullish pivot point at $ 37.89 , and if we close above it, we’ll see something new, something NIO hasn't done since it started its fall from the $ 46 area. We have 2 open gaps that are targets for us, and they might help NIO to reverse the trend. Now, we must keep above the 21 ema, and if this pivot point works, we might see a good reversal in the daily chart: In the daily chart, we have a bullish Harami , which doesn’t tell much, but the Harami’s high is the pivot point seen in the 1h chart, so we have at least one confirmation of a possible rally in the daily chart. I like the fact that the volume increased after we found a bottom, and any reaction here might lead NIO to the 21 ema in the daily chart again, around the $ 41 in the short-term. We lack other bullish signs that could confirm a reversal in the mid-term, but the signs we see today are a good start. Let’s follow NIO closely from now on. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
8