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XPEV: Weekly Outlook and Key Points!Hello traders and investors! I usually do a lot of analyses regarding TSLA and NIO, so how about a XPEV analysis for a change? Let’s see what we can find here. First, the daily chart is looking impressive! We have two open gaps here: One Breakaway Gap , which defeated the black line at $ 23.10 (previous top/resistance), and another gap, which we still don’t know its type. If it is an Exhaustion Gap , it’ll be filled quickly, and probably XPEV will hit the 21 ema in the next few days. If it is a Common or a Runaway Gap , it won’t be filled so soon, and the bull trend will continue. Either way, we’ll have our answer next week. Today’s candlestick could be a Dark Cloud Cover (DCC), and if this pattern is going to be triggered, probably XPEV will do a pullback to the 21 ema, filling the Exhaustion Gap in the process. Now, let’s take a look at the hourly chart: We have 3 gaps in the hourly chart, but I find it very hard to believe XPEV will drop below the $ 20 again. The trend is clearly bullish, but the chart is too stretched, as it didn’t even touch the 21 ema at any moment. There are no signs that the trend will reverse, but a pullback is desirable . I would look for a bearish pivot in the hourly chart or wait to see if the DCC candlestick pattern is going to be triggered in the daily chart. Also, we have two pivot points here: The black line and the red line. I find it very hard for XPEV to defeat the black line now, and I would keep an eye on the red line, because if XPEV loses it, the bull trend will start to look weaker. These are the most important points to keep in mind, and if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! Have a great weekend.
NYSE:XPEV
by Nathan_The_Finance_Hydra
3
UBER vs LYFT: A technical comparison.Hello traders and investors! Let’s see what’s going on with UBER and LYFT today. Both stocks are doing some impressive movements, so it is a good time to study them. First, let’s start with UBER. The stock is doing a phenomenal movement today, but if we look at the charts, it just hit a resistance zone today, the black line at $ 41.86, and now it is doing what it seems to be a Spinning Top candlestick pattern . Either way, UBER must keep trading above the yellow line at $ 38.59, because if it loses it, a pullback to the 21 ema is expected . But despite the fact UBER is moving sideways since June, it seems the trend is slightly more bullish than bearish, and UBER is trying to defeat the resistance at the black line. I see the 21 ema as an important support, but the red line at $ 32.89 is another support zone. In the worst-case scenario, UBER would hit the blue line at $ 28.53, but it is way too soon to say this. Today’s gap could be a Breakaway Gap , and if that’s the case, it won’t be filled so soon. But if it is a Common Gap , then it’ll be filed in the next few days, and UBER will be back to the congestion. I would just keep an eye on the black and yellow lines for now. Now, let’s see LYFT. Lyft almost hit the previous resistance at the red line, and now it is dropping sharply. The good news is that it just hit a dual support zone , made by the yellow line (previous resistance) and the purple trendline. The idea of a Breakaway or Common Gap applies here as well , and if LYFT loses its two supports, we’ll see a sharper pullback ahead, and it’ll probably fill the gap. Honestly, it seems the bulls will have a hard time now to defeat the resistances on UBER and LYFT, and a pullback would be great for the stocks, and it could even bring some opportunities to buy. In the hourly chart, there’s a reaction starting on LYFT right now, so the support zone is working so far. UBER is still struggling a lot, but today’s low seems to be a Pivot Point , and if UBER loses it, it'll probably lose the yellow line with it, bringing the pullback we mentioned earlier. The volume increased a lot today, and both stocks are quite speculative, so let’s be cautious here. Either way, these are the most important points to keep in mind for both stocks, and if you like this analysis, please, support it! And follow me to keep in touch with my daily studies. Trade well.
NYSE:UBER
by Nathan_The_Finance_Hydra
1
PINS - Runaway or Exhaustion Gap?My take is that it is still a runaway gap and the bullish trend will continue. Reasons being: 1. broke out of a 1.5 years base formation on 31 July (breakaway gap) 2. recent pullback stopped short at the 62% fib support @ 56.30 (ie only partial gap fill) 3. recent hi @ 68.95 is the ATH (all time hi), there is no other historical resistence. Immediate Stop Loss @ 56.20 (slightly below the 62% fib support). Consider to take partial profit near 69 but ride the rest until a change in trend is evident. Disclaimer: 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. Thank you.
NYSE:PINSLong
by Juliac
NIO: 2 Pivot Points and Targets to work with!Hello traders and investors! We have a red world today, but NIO is resisting quite well! Let’s see what the chart tells us. First, in the hourly chart we have a trendline , which NIO defeated, and it is engaging in a short-term bull trend. This is very good, but we have 2 important pivot points here now, and I would use them to guide myself. The green line is a possible bullish pivot, and the red line is a bearish pivot. Since NIO just defeated a trendline, the odds favor that the green pivot is going to be triggered, but we must be prepared for different scenarios. The targets of both pivots are better seen in the daily chart: Ok, we have the All Time High at the green line, and this would work as a resistance if NIO starts going up again. But since it is quite close to the current price, if we see a bullish pivot in the hourly chart, I believe NIO will do record highs again. On the other hand, a bearish pivot in the hourly chart has clear targets. The blue line at $ 22.59 is a good support zone if the price drops, and we have a gap down there to drag the price. It seems there are a lot of buyers though, as the white bars in the volume are quite high during the upside movements. Also, the 21 ema is pointing up, and the trend is clearly bullish in the mid-term. All of this favors the bulls, but as I said, we must work with different scenarios. And if you like this idea, please, support it ! And follow me to keep in touch with my daily studies and analyses. Trade well!
NYSE:NIO
by Nathan_The_Finance_Hydra
9
DAX / DEU30, daily tf, buy on support at oversold conditionHello my friends, Today i spotted a good setup on DAX / GER30 indicies. After marking all the potential support and resistance, i found that price currently on support level. Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days. We could see price retrace back up to close the gap before continue south. Buy DAX / GER30 at 11600 Stop loss at 11400 Take profit 1 at 12000 (2R) Take profit 2 at 12500 (4.5R) Use only 1-2% risk Good luck
TVC:DEU40Long
by HayatoDragonFX
2
AAPL: Next targets and Key Points!Hello traders and investors! Let’s see how Apple is doing today! It is resisting in a support zone (green line), which was a previous top, and now it is working as a support according to the Polarity Change . Also, it filled a Gap (blue area), and it may work as a support level as well. Any good reaction near this green line would be a very good sign . On the other hand, if AAPL doesn’t react, then it’ll just resume the bearish momentum to the next support level, the black line around $ 112.85. Now let’s see the daily chart: The green line at $ 117.85 is the most important point right now, because it was a previous top, and it worked as a pivot point yesterday, and this led the stock to fill the gap and to the 21 ema again. If AAPL trades above this green line again, the market will see this movement as a false breakout from a previous pivot point, and the bull trend will resume. The next target would be the All Time High again, especially if it triggers the Pivot Point at $ 125.39 (blue line). Also, the volume is quite low these days, as evidenced by the red arrow, and this confirms our theory that this movement is just a pullback. According to Dow Theory’s 5th Tenet: The Volume Must Confirm the Trend . A pullback with low volume indicates that it is indeed a pullback, a quick movement against the trend that usually gives great opportunities. If you liked this idea, please, support it! And follow me to keep in touch with my daily analyses. Have a great day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
14
GAPS, GAPs, GAPsMr Market likes to fill open gaps. It will do so whenever possible. We have had very good examples of these in recent days. IMO, we are still on a bullish footing at this stage. I have highlighted the green box. You will note today, prices gapped below the green box and finished back within. That green box is the true range of the last (significant) bull bar. Breaks up or down out of the green box usually will signal a continued move in the direction of the break. There is potential downside here as there are lower gaps we have not closed around the support level. If we continue to hold the green square, bias would be for continued upside. My trading stories: dailyxing.medium.com
SP:SPXLong
by mrstockyetoro
TSLA: For how long will this sell-off last?Hello traders and investors! Let’s see how Tesla is doing today! Let’s start our study looking at the hourly chart, as usual. Yep, the $ 461 did hold the price, as it was expected, because it is a clear resistance level, and now the bullish momentum is starting to get weaker, as we already discussed yesterday. If you missed my previous analysis, the link to it is below. But this doesn’t mean the trend is going to reverse, at least not yet . This only indicates that TSLA is just going to seek lower supports, and as long as we see this sell-off on the global markets, it’ll be quite hard for Tesla to continue going up, as it follows the movements on NDX. Right now, TSLA is between the previous resistance , along with the 21 ema (which is flat now) and the next support at $ 439. It also left a gap (yellow area), which maybe is a Breakaway Gap. Let’s see the daily chart now: If the gap seen in the hourly chart is indeed a Breakaway Gap, probably Tesla will hit the 21 ema again, and the support at $ 439 may won’t be able to hold the price. On the bright side the momentum is still bullish, and there is no reversal sign on Tesla. We can expect some pullback, as the volume is still pretty low, and if the trend is going to continue, we need more volume. Remember Dow Theory 5th tenet: The Volume Must Confirm the Trend. If you liked this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks! I wish you all a great day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10