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SPX: The bull trend still persists!Hello traders and investors! Let’s see how the index is doing today! The index is performing very well these days, and it is frustrating the expectations of the bears again. It defeated the black line at 3827, which seems to be a Key Point for SPX, as it worked as support and resistance a few times in the recent past. Now, this point is supposed to work as a support level, according to the Principle of Polarity. What’s more, we have the 21 ema as a support, but we can’t rely too much o that at the moment. It seems the index will try to fill its another gap, and even retest the green line. In the daily chart, the index triggered the Downside Tasuki Gap , which we mentioned in my last analysis (I did the analysis before the market close, right now it seems it is more a big Harami pattern), and now the index is just resuming the trend. The index would be more bullish if it closed above the 3827, so, the situation is not easy to read. The volume was quite low these days, but it seems the bull trend is still here. We must keep our eyes open, and if you liked this analysis, remember to follow me , and support this idea! Thank you very much.
SP:SPX
by Nathan_The_Finance_Hydra
12
NIO: Still trading DANGEROUSLY near a support level!Hello traders and investors! Let’s talk about Nio today! My previous analysis was last Monday, what could've changed since then? Oh, and I'll leave the link to my previous analysis below, as usual. Today’s drop was very technical, as NIO just went down to fill the gap at the dotted black line, around $ 54.60, and now it is quickly recovering. The $ 54.60 was a very good support level, but we must be aware of the 21 ema now, as it can work as a resistance. Also, it did a false breakout from the green line, which is a good bullish sign, but NIO must show more signs of strength around, before it can fly again. Now, to the daily chart: On the bright side, today’s candlestick looks like a Hammer pattern, and the $ 57.20 is still an important price level to keep in mind, as it seems the price can’t drop below this point. The volume is still low, but this is a good sign in this case. When we see a stock dropping or in a congestion with low volume, after a strong bullish movement, it is not a sell-off sign, but only a harmless pullback. Let’s keep our eyes open on NIO. We must be very careful and look for the right timing. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea before you leave! Thank you very much. Have a great week!
NYSE:NIO
by Nathan_The_Finance_Hydra
22
SPX: New record high? Some scenarios to work with!Hello traders and investors! The SPX did a new record high today, which is amazing. Let’s see what’s going on here. The index is still trapped inside the congestion we mentioned yesterday, between the green line at 3861 and the black line at 3827, and as long as we don’t see a real breakout from any of these points, the index will continue moving sideways . If you missed my previous analysis, just check the link below. On the bright side, we are trading above the 21 ema, which is still pointing up, so the bias is slightly more bullish than bearish . If the index defeats the green line again, probably it’ll resume the trend. Let’s see if the daily chart now: Yesterday’s reaction was very impressive, indeed. We have a powerful Hammer candlestick pattern, that is almost a Dragonfly Doji, which was triggered today. The volume was quite high as well, so the SPX is quite strong at the moment. The trend is clearly bullish, and we have no clear reversal or pullback signs around . As long the index keeps trading this way, the trend will persist, according to the 6th tenet of the Dow Theory . But if the index loses the 3827, we may see some pullback ahead, and the 21 ema would be the next stop. For now, let’s see if the index will break the 3861, as this is the most challenging point for the index right now , and if it defeats this point, it’ll fly to new levels. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea ! You’ll find some of my previous analyses below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
10
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused
NIO: Another interesting pattern appears!Hello traders and investors! We have a Red Monday today! Let’s see how NIO is doing right now. We have a correction in the hourly chart, and it seems the support area around the pink line ($ 49.31) did hold the price very well today. Now NIO is doing another Hammer candlestick pattern in a support level, and this usually attracts buyers. It must not lose the support area, because the market may see this Hammer as a bull trap, and NIO could easily drop to the $ 42.51 again if this happens. As long as NIO keeps above the support area, the trend will remain bullish. We have what seems to be a Descending Triangle chart pattern as well, and usually this is a continuation pattern, meaning that the odds favor the bulls. Now let’s look at the daily chart: The Triangle pattern seen in the hourly chart turns out to be a correction in the daily chart. The volume decreased in the past few days, maybe because of the Holiday in the U.S., and it seems the 21 ema is trying to reach the price. This is what we call a Time Correction. Also, this indicates that the bull trend isn’t in danger. There are still no clear reversal patterns around here, but we must keep our eyes open at the $ 49.31. And if you liked this analysis, please, support it! And follow me to keep in touch with my daily updates. Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
9
NIO: Key Points and Trading Plan.Hello traders and investors! Let’s talk about NIO today! It made a scary movement today, let’s see what’s going on here. First, in the hourly chart, the trend is clearly bullish , and this didn’t change since our last analysis (link below). But NIO did something new today, it couldn’t keep above the green line at $ 43.29, and the 21 ema is flat again, for the first time since Oct. 27. There’s still the possibility of this movement to be just a sideways correction , but for that to happen NIO must not lose the $ 39.74 again. It did a false breakout from this black line, and it did a hammer candlestick pattern. If NIO trades again under the black line, it could lose the Hammer’s low as well, and this would trigger a bearish pivot , and surely would lead NIO to a sharper pullback in the daily chart: A pullback to the 21 ema would be natural and expected and shouldn’t scare anyone here. NIO could even hit the $ 29.40 and the trend would still be bullish. But if you don’t want to ride a pullback, keep your eyes at the points mentioned in the hourly chart, as if NIO loses them, it’ll drop a little more. Then you can just buy back when it hits one of its supports (21 ema or green line), as the trend is bullish, so the odds would be in your favor, and it could give you a very good trade, with a nice Risk/Reward ratio. Let’s see if NIO will resist in the hourly chart. So far, it is handling well, but we could use a pullback here for sure. Now, if you liked this idea, please, support it ! And follow me to keep updated about my daily analysis. Thank you very much. Trade well.
NYSE:NIO
by Nathan_The_Finance_Hydra
9
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OANDA:XAUUSDEducation
by Fx_Vanguard