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TSLA: Will it reach the All Time High?Hello traders and investors! Let’s see how Tesla is doing today! Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart. We may see pullbacks along the way, and this would be natural and expected. A pullback to the green line again or to the 21 ema shouldn’t be scary at all and would only offer opportunities to buy. Also, we may have a Breakaway Gap here, but it is too soon to say this. Let’s see the daily chart: Since there’s a Triangle chart pattern here, and we have a breakout with a possible Breakaway Gap, the daily chart suggests it could hit the Triangle’s top at the All Time High, around $ 502. But the resistance at $ 461 is still there, and it may offer a challenge for Tesla in the short-term. So far, there’s no reversal sign around, and as long we don’t see one, Tesla will just continue going up. Pullbacks are expected, but usually, they just offer us opportunities. If you liked this idea, please, support it ! And follow me to keep in touch with my daily studies. I’m sure you’ll find something helpful around. Trade well, and stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
GOOG: Some scenarios to work with.Hello traders and investors! Let’s look at Google today! The hourly chart tells us that we are in a short-term bull trend, after GOOG did a double bottom pattern at the purple line. Now it is doing higher highs/lows , a characteristic of a bull trend. The black line at $ 1,476.10 was a pivotal point , and the previous resistance, which now is supposed to work as support. Under this line, the situation starts to get dangerous for Google, and if it loses the 21 ema, would be even worse. But as long GOOG continues to trade above these points, it will seek the $ 1,520, attracted by the gap. Now, let’s see the daily chart: The problem is that Google still must face the 21 ema in the daily chart , and this is the only thing that could ruin the short-term bull trend. The trend is quite bearish in the mid-term, but at least it is trading above the black line at $ 1,464, which is an important point for the stock. If GOOG loses it, along with the supports in the hourly chart, the target would be a retest of the purple line at $ 1,410. The situation is not easy to analyze, but these are the scenarios we can work with GOOG now, and if this analysis helped you, please, support it ! And follow me to keep in touch with my daily analyses. I wish you all the best of luck.
NASDAQ:GOOG
by Nathan_The_Finance_Hydra
2
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