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AAPL: Next steps for the stock!Hello traders and investors! Let’s study Apple today! In the short-term, AAPL is engaged in a bull trend, and right now is doing a time correction , meaning that it is moving sideways, just waiting for the 21 ema to hit the price. This is different from a pullback, which the price hits the 21 ema. Also, we might have a Breakaway Gap here, but it is too soon to say this. If the black line and 21 ema hold the price, Apple will defeat the green line at $ 115, and the next target for it would be the purple line at $ 118. On the other hand, if AAPL loses both supports and fills this gap, it won’t be a Breakaway Gap after all, a nd a sharper correction may occur. Let’s look at the daily chart: Ok, the purple line at $ 118 is still visible, which reinforces our view that it would be a good target in the short/mid-term. But the 21 ema is flat now, and the bias on the chart is quite bearish since the beginning of this month. If Apple loses its supports in the hourly chart, and fill this gap, nothing will stop it from retesting again the $ 106 zone (black line). What’s more, AAPL tried to perform a bullish pattern in the last few days, but the volume didn’t confirm the trend. We must see a clear reaction on Apple before jumping into any conclusions, but the green line in the hourly chart is a good start for the stock, if it has any hope of recovering its losses. These are the most important points to keep in mind on AAPL, and if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! I share a few ideas with you all every day, and I’m sure you’ll find something interesting around here. Have a great day!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
10
SPX: The most important points to keep in mind!Hello traders and investors! Let’s study S&P 500 today! Yesterday SPX did what could be a Breakaway Gap , since it opened above the previous resistance, which is the black line at 3,323, and right now it is doing a pullback. The black line, which was a previous resistance, now works as a support, according to the Principle of Polarity in Technical Analysis. Also, the 21 ema is another support to keep in mind. If we see a reaction around this level, SPX could defeat the green line at 3,359 and fill the previous gap, or even retest the 3,425 again (blue line). On the other hand, this might not be a Breakaway Gap. Let’s look at the daily chart now: The resistances are still visible from here, but along with the green line, the 21 ema is also another resistance for SPX right now. If SPX fails in defeating its resistances, it might lose its supports in the hourly chart, meaning that this gap is not a Breakaway, and a retest of the 3,200 would be the next step for the index. During this rally, the volume was lower than the average, and this is something that bugs me. Also, the 21 ema is still going down, and as long SPX trades under it, it will remain in bear territory. So far, there’s no clear reaction, but if SPX defeats the resistances previously mentioned will be a start. And if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! I wish you all the best of luck.
SP:SPX
by Nathan_The_Finance_Hydra
5
Trading FB next weekI have a bullish bias on FB and believe we re-test ATH very shortly on some market strength and a rotation back into tech. FB provides some very interesting upside and downside opportunities above the ranges given. Below, there is a true gap to be filled if it falls below. Above, fibs are shown from different timeframes, thicker lines on larger timeframes, which will naturally be points of larger resistance. Some 'wick gaps' may be filled quickly above despite not being true gaps. Definitely one to watch.
NASDAQ:METALong
by SpinTrades
AAPL: Another Dead Cat Bounce?Hello traders and investors! Let’s see how Apple is doing today! First, AAPL is doing a pullback, as we’ve been warning here since the beginning of this month (links to previous AAPL analysis below) and the hourly chart is still very bearish. It lost the support around the pink line at $ 110, and now it is trading under the 21 ema, doing descending tops and bottoms . There is no reversal sign ahead, and it seems the bear trend will persist a little longer. Let’s see the daily chart for more clues: Apple just filled one of its gaps (blue area), which we have been talking about since my last analysis, on Sep. 10, and today’s candlestick is the least positive (so far), which is also normal, as the gap will work as a support in the short-term. But today’s candle could be just a quick rally in the hourly chart, a characteristic of a Dead Cat Bounce pattern. Unless we don’t see a clear reaction on AAPL in the next few days, the $100 (middle pink line) will be the next target for it. Unless Apple starts trading above the 21 ema in the hourly chart again, and starts doing ascending tops and bottoms , the bearish momentum will continue, and so far, the reaction didn’t come. But I confess if today’s end up being a Piercing Line pattern I would see a little light at the end of the tunnel, but it is too soon to say this. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily analyses! Trade well and stay safe.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
19
TSLA: Weekly Outlook and Key Points.Hello traders and investors! Let’s do our weekly complete Multi Time Frame Analysis (MTFA) on Tesla today! We see a trendline in the hourly chart, which Tesla is respecting so far, indicating that it still is a short-term bull trend , and it is trading above the 21 ema, which is another good sign. Tesla must not lose this trendline, because the bull trend will get weaker, and Tesla might retest the support at the red line around $ 408 again. Then the situation will get critical, because if this point will be lost, it will trigger a pivot point and the blue line at $ 398 might not hold the price. The target for it would be the pink line at $ 329. On the other hand, if it defeats the $ 461 it will trigger another pivot point , that could lead Tesla to its All Time High ($ 502) again. Now, let’s see the daily chart: Tesla is going up, but today’s candlestick is quite bearish. The two red lines can be seen from this perspective as well, and as long Tesla keeps trading between them, nothing new will happen. The good news is that it is trading above the 21 ema, so we are in bull territory. The bad news is that it recently filled a gap, which can be seen as an Exhaustion Gap , so the stock may move sideways for a while. Now, let’s finish our study by looking at the weekly chart: Tesla is performing very well this week, and it is clearly between its support at the purple line ($ 359) and the resistance at the All Time High ($ 502). Since Tesla is in this mid-point, we must be extremely careful. Yes, it could fly again, but we could see a pullback to the 21 ema, something we don’t see since March. Either way, it is still a bull trend, but be careful, because the volatility is pretty high. Between $ 359 and $ 502 a lot of things could happen, and maybe the famous Battery Day will bring even more volatility. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily analyses! Stay safe and have a great weekend!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
12
TSLA: Some Pivot Points to guide you!Hello traders and investors! Tesla is dropping again, but would this be the beginning of a further drop, or would be just a pullback to gather strength and then, resume the bullish momentum? Let’s see. Tesla is testing again its supports, and we can trace a purple trendline on the chart, which connects the previous bottoms. The red lines are pivot points , and it is too soon to say to which side we are going to see a breakout. Either way, an upwards breakout would lead TSLA to its All Time High, at $ 502.20. If it loses the lower red line, then Tesla will seek further supports. The blue line at $ 398 is the first target, and the pink line at $ 329.88 is the last target for this pivot. Now, let’s see the daily chart: Here we see that Tesla just filled this gap, so it is not a Runaway Gap , and it is just a Common Gap , at least for now. If Tesla loses the $ 408, the market might understand that this is an Exhaustion Gap , and again, the $ 329 is the natural target for the stock. On the bright side, it is still above the 21 ema, and this would be another support, and as long Tesla trades above it, the trend will remain bullish. Let’s see which pivot point will be triggered next, and if you liked this analysis, please, support it ! And follow me to keep in touch with my daily studies, I’m sure you’ll find something useful around. Stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
16
TSLA: Near its record high! Will it reach there?Hello traders and investors! Let’s see what’s going on with Tesla now! It is doing a pullback, which is acceptable, since the last 2 days were quite intense. The short-term trend is still bullish and there are no signs that it is going to reverse. As long Tesla continues to trade above the 21 ema or the black line at $ 426, the trend will remain bullish. Only if Tesla loses one of the points above you should start to worry. Keep in mind that we still don’t know what kind of gap we have in the yellow area. If it is an Exhaustion Gap , it will be filled soon, and this could drag the price down to the pink line at $ 398.80. On the other hand, if Tesla triggers the pivot point at $ 461.88 (yellow line), it might have the strength to retest the All Time High again ($ 502). Now, let’s see the daily chart: The daily chart suggests that a sharper pullback could occur, if Tesla loses its points mentioned above. It could hit the 21 ema again and starts a sideways movement just like it did in July. This means that the bull trend will start to get weaker, but it isn’t a reversal sign yet. There are no descending tops and bottoms, and the next bottom is quite distant, it is the red line at $ 329, which is the bottom of the Downside Tasuki Gap candlestick pattern. So far, Tesla is performing very well, and I hope this analysis helps you! Please, support this idea and follow me to keep in touch with my daily analysis! Take care.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
24