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Harami

TSLA: Will it fly again? Only if it breaks this resistance!Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see that Tesla is engaged in a bull trend , as it is doing higher highs/lows since the end of the last month. The recent drop could be seen just as a pullback, and to be honest, Tesla could’ve dropped to the black line at $ 659.50, filling the gap at the yellow area, and this wouldn’t ruin the bull trend. Today, we have a good reaction, and this could be the beginning of something new for the stock, as evidenced in the daily chart below: In the daily chart, the trend is still bearish , but Tesla is tying very hard to reverse it. Today, Tesla is doing a Harami candlestick pattern (so far, it could close differently), and we have a pivot point at the blue line ($ 708.16). I would focus more on the $ 718 area , as this point seems to be more relevant. If defeated, then the trend will be officially bullish in the daily chart as well. In the last two days, the volume decreased while Tesla was doing its pullback, which is a good sign. But still, given how the Nasdaq is looking, I find it very hard for Tesla to break its resistance at $ 718 this week. We might see some sideways movement next, before Tesla performs anything good next week. We have reasons to be optimistic on Tesla, yes, but hardly things will be as easy as we want. And since you made it this far, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped you! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
18
NIO: These patterns might reverse the trend for good!Hello traders and investors! Let’s talk about NIO today! This stock dropped a lot in the past 2 months, but is there any reversal sign ahead? As a matter of fact, yes, and I’ll present you the key points to watch. In our last study, last week, I explained to you why I didn’t believe that this sell-off on NIO wasn’t real, and I really recommend you read my last analysis in order to understand the logic of my argument ( link to it is below this post, as usual). Now, NIO is reacting very well, and it already engaged a bull trend in the 1h chart. We have higher highs/lows , and the 21 ema is pointing up again. What’s more, NIO found a support level at this Dual-Support Level made by the 21 ema and the $ 38.73. As evidenced by the blue squares, it did two bullish candlesticks patterns here: A Harami and a Bullish Engulfing. This is good news, but to ultimately reverse the trend, there’s one last thing NIO must do, which is defeat the pivot point at $ 42.05 (orange line). In the daily chart we see better why this is such an important point: If NIO triggers this pivot point in the 1h chart, NIO will also defeat the 21 ema in the daily chart for the first time since it started dropping, two months ago. And there’s a good chance it’ll reverse. In addition, yesterday’s candlestick was quite bearish, but the volume was too low, indicating a false movement. If NIO triggers this pivot point, the next target will be the black line at $ 46.28, and this is another very important point because it is the trigger of this huge Double Bottom pattern, which could lead NIO to the $ 67 again. Unlike my last analysis, now we have some promising signs, but we must wait to see if they will be triggered. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea with your like! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
14
AMC: Hit our target (again)! Any reversal sign ahead?Hello traders and investors! AMC is doing some very interesting and technical movements recently. Since our last analysis, it did a downwards breakout from the Trap Zone , and it hit our target today. The link to our previous public study is below this post, as usual. Now, AMC hit our target and it is near a support area . In the 1h chart we have the $ 9.93 area, which seems to be working, but we have even more support levels in the daily chart. But before we talk about the daily chart, we have a few things to keep in mind. First, it lost our Trap Zone by doing a Breakaway Gap , which is a quite powerful pattern. When this happens, we usually see a very strong movement next, and it was almost certain that it would hit our target. Now, it seems AMC is trying to do a Harami , a candlestick pattern that in normal circumstances has a random chance of working as a reversal, but when it is near a support level, these odds increase. The Harami wasn't triggered yet, so we still must wait. Now to the daily chart: In our last study, last week, we set a target at the 21 ema and the pink line area (after a downwards breakout of the Trap Zone), and right now, AMC is sitting right at our target. We have no clear reversal sign in the daily chart, but if we see one, it would be a nice opportunity to buy AMC, at a good price, with a great Risk/Reward ratio. The reaction in the 1H chart is promising, yes, but we have yet to see a confirmation in the daily chart. If AMC triggers any interesting pattern around, the $ 20.36 is the next target to work with . But wait for confirmation! And remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it with your like! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
9
IRESS LIMITED (ASX:IRE) Potential buy? Insiders think soIRESS is another software company listed on the ASX where it is a provider of financial data and markets as well as asset management. Unlike the recent boom in tech stocks IRE has trailed behind and has not recovered to pre pandemic evaluation. However there may be something we don't know that could make IRE a potential buy. Recently (As off the 22nd of Feb) a non executive director Roger Sharp has made a 10,000 share investment at $9.98 according to Market Index. There is also other supporting fundamental analysis news as well as TA which I will further discuss to come to an overall conclusion of the stock. Bullish Technical Analysis: --> Oversold RSI (38) --> Oversold Stochastic RSI --> Bollinger bands oversold --> Bullish Harami pattern (From 25/02/2021) This TA alert was also executed on the (3/11/2020) and resulted in a 12% increase and therefore can be taken into consideration for a bullish trade Bearish Technical Analysis: --> Bearish volume as from my BuySell volume indicator has shown that there has been increased selling in shares and may possibly inhibit a bullish reversal --> Bearish MACD shows the bears are controlling IRE however due to its lagging nature should be reconsidered. Bullish Fundamental Analysis: --> Director Roger Sharp make a $100k investment on the 22nd which should be taken under consideration --> Past earnings showed an increased profit growth from 7-10% --> A new partnership has emerged with Knowledge bank where they seek to create the first "United Kingdom fully integrated product and sourcing system". More details on partnership: www.mortgageintroducer.com Bearish Fundamental Analysis: --> ASX seems to have bearish direction which may inhibit a long trade Overall conclusion: I would consider this stock a buying opportunity, With insider trading it shows that internal shareholders believe in IRE's future which alone acts as a major catalyst for a trade. Technicals also support a long trade so overall I would say this has potential for a swing trade or even an investment. Any thoughts and ideas of IRE's future will be great :)
ASX:IRELong
by Mikey_Scali
2
GEVO - Way to go (Bullish engulfing candle today)GEVO first broke decisively out of it's long term base (with resistence @ 4.90) on 12 Jan this year and never looked back since. The price has since more than doubled to $12 today. However it is still early days yet as this is another stock with the hallmarks of a multi-bagger (patience!). It hit a high of 14.50 last week and then consolidated to a low of 9.82 3 days ago before we start to see a few "hints" 2 days ago athat a resumption of the uptrend could be on the horizon, namely: 1. a green Harami candlestick forming on 1st Feb 2. bullish divergence seen between price & RSI 3. a bullish engulfing candlestick today Long between 11-12 with initial stop loss slightly below it's pivot low of 9.83. Swing traders may consider to scale out along some long term resistences on the way up (eg 18.30, 24.60 ...) while those who are deep in the profits can consider to sit out future short term consolidations (within reasonable limits) and see how far this baby would bring us :) 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. Feel free to give me your thoughts ! :)
NASDAQ:GEVOLong
by Juliac
4
VIX - D1 & W1 - TODAY'S PRICE ACTION WILL BE DECISIVE !D1 : Yesterday's price action triggered an "Harami" pattern which is showing some uncertainty and indecision. Moreover, the closing price coincides exactely with the level of the top of clouds support zone ! That is why, today's price action will be decisive for further development on price action next week. In addition, today's is even very important as we will have at the end of the day, D1,W1 and M1 closing. W1 : I showing a falling wedge pattern in progress, with a potential upside breakout which should be confirmed before acting ! A breakout confirmation would open the door for a technical target of 64.00 . . .
CBOE:VIX
by Ironman8848
1
SPX: Target hit. What's next?Hello traders and investors! Ok, so the SPX did what it should’ve done, and this is very good. Let’s see what’s going on here. The index lost the 3827, and it hit precisely our target yesterday, as we discussed in my previous analyses (if you missed, I’ll leave the links below, as usual). Today, the index found a resistance at the 3827, which was the previous support, and this is very normal - the index is just obeying the Principle of Polarity (previous supports will work as resistances in the future). But now what? If the index defeats again the 3827, it’ll trigger a pivot point that could lead SPX to the green line at 3861 again. Probably the last gap (yellow area) would help to attract the price, as they work as magnets. Now, let’s see the daily chart: The index hit the purple trendline with astonishing precision, and this is why I love Price Action . Now we have a Harami , which usually has a random chance of working as a reversal, but in my experience, when it is near a support level, the odds increase. The only thing that could ruin the bullish momentum would be if the SPX loses today’s low this Friday, along with the purple trendline. This could trigger a sharper correction in the weekly chart. The question is, would be a Price Correction , when the index drops to hit a previous support, or a Time Correction , when the index moves sideways, erratically, waiting for the 21 ema to catch it? We’ll have our answers soon, and I hope this analysis helped you! Remember to follow me to keep in touch with my daily updates, and please, support this idea if you did read this far! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
4
PLTR: What could trigger a new bullish run here?Hello traders and investors! Let’s see how PLTR is doing today! First, the hourly chart looks quite bearish, and right now, it is retesting the 21 ema, which is falling too. But we have this pink line, which is a support zone that could hold the price. The volume is starting to increase again, which is a good sign, and today’s first candlestick could be an Ignition Bar, followed by a Gift pattern. If PLTR trades above the $ 25.90 again, it’ll be a great sign of strength, and PLTR could seek higher levels, like the $ 29.42. Looking at the daily chart, we see a clear accumulation, and it looks like a giant Flag pattern as well. Right now, PLTR is doing a Harami pattern above the support at the pink line, and if it closes above the 21 ema would be perfect. Usually, Flags are continuation patterns, so, the odds favor the bulls here. For now, we must wait for these signs to be triggered before anything else, but if you like this analysis, remember to support it ! And follow me to keep in touch with my daily updates! Thank you very much.
NYSE:PLTR
by Nathan_The_Finance_Hydra
5
NIO: We all should be aware of this Pivot Point!Hello traders and investors! Let’s study NIO today! As we discussed in my last analysis (link below, if you missed it), the g reen line at $ 43.83 is an important support level , and it is still holding the price. This makes this support quite strong, and as far as I know, the Risk/Reward ratio is usually very good near support levels. We have a new pivot point now, the black line at $ 45.46, and if NIO trades above it, we’ll see something new. It would cancel this Dark Cloud Cover pattern under the 21 ema, and it would defeat the resistance at the 21 ema as well. And the daily chart reinforces this idea: If NIO triggers this pivot point, it will at the same time trade above today’s high, and above the 21 ema in the daily chart as well. Today’s candlestick could be a Harami pattern. So, we have multiple positive signs, and all of them could be triggered if NIO triggers the pivot mentioned in this analysis. This could make NIO defeat the pink line at $ 48.65 and seek the All Time High again . And if this analysis helped you, please, support it ! And follow me to keep in touch with my daily analyses! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
8
NIO: A bullish reaction in a support zone (again)!Hello traders and investors! Let’s see how NIO is doing today! Well, in my last analysis I was looking at a Harami pattern, that could help NIO resume the bull trend, but the pattern was frustrated, and I think it is easier to quote myself here: “ But if NIO loses the Harami’s low, meaning, the $ 44.70, there is no other support before the red line to hold the price. ”. The link to my last analysis is below, as usual. Now that NIO hit the target at the red line, is starting to react, which is good, but it has some resistances to defeat in order to resume the bull trend. The 21 ema is still pointing down, and the purple trendline looks powerful too. If NIO defeats both points, then only the pink line will remain. Let’s see the daily chart: As far as I know, we have another Piercing Line pattern today, and the first one is still valid. The only thing that is missing here is an increase of its volume. This would be perfect. And again, the pink line is still the most important point for NIO, as it looks like a Pivot Point in the daily chart. If triggered, then NIO could easily seek its ATH, or even defeat it. The 21 ema is flat, and this means that the market is still uncertain about the trend. We’ll have to follow NIO closely to understand if it’ll actually break its resistances and resume the trend. So, remember to follow me to keep in touch with my daily analyses! And please, support this idea if you liked it! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
16
NIO: The most important Key Point for the short/mid-term!Hello traders and investors! Let’s see how NIO is doing today! First, it failed in defeating the Dual-Resistance zone we discussed in my last analysis, and it seems it felt the purple trendline again today, and it lost the green line, frustrating this Pivot Point , which was triggered yesterday. Now NIO did a Harami candlestick pattern , and if triggered, could be a ray of hope for NIO, at least in the short-term. But if NIO loses the Harami’s low, meaning, the $ 44.70, there is no other support before the red line to hold the price. The daily chart is looking interesting, so, let’s look at it now: The Piercing Line pattern is still valid, and one thing that catches my attention is the low volume since NIO did this pattern. The volume is low, and it looks like the stock doesn’t have strength, which is normal, as it went up so fast in the last months. This is not an indicator of a real sell-off, just a sign of weakness, and usually, this means opportunity. It could even drop to the purple line at $ 38 again, and the trend would still be extremely bullish. The key point here is the pink line , and NIO must defeat this point in order to resume the bull trend, and the volume must increase as well. 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! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
19
NIO: Key Points to keep an eye on!Hello traders and investors! NIO is dropping today, let’s see what to do next. As we discussed in my last analysis, NIO has a support at the green line ($ 45.28), and now, the 21 ema is there to hold the price as well. The link to my previous analysis is below, as usual. At this point, the price attracts buyers, who are willing to buy near a support level, as the risk/reward ratio is very good right now. Any good bullish candlestick pattern would be amazing, like a Harami pattern. In normal circumstances Haramis have a near-random chance of reversal., but since it is near a support level, the chances of a bullish reversal increase a little bit more. But NIO must not lose this support level, as this movement could make a top in the daily chart: So far, what we have here is a Dark Cloud Cover candlestick pattern, and it doesn’t mean much, but it could be triggered if NIO trades under the green line next week, and if it loses today’s low too. This isn’t a top sign yet, as the hourly chart is still bullish. All we can assume is that NIO just did a pullback in the hourly chart, and now it is ready to resume the trend again. But let’s keep our eyes on the supports mentioned, as if NIO loses them, it’ll seek the 21 ema in the daily chart. The fact is the trend is still bullish, and we must keep our eyes open as it is going to report Earnings next week, and maybe the volatility will increase here. The volume is good, and there are a lot of expectations here, but the Technical Analysis can help us a lot here. And if you like this analysis, please, support it ! And follow me to keep in touch with my daily studies. Have a great Friday 13.
NYSE:NIO
by Nathan_The_Finance_Hydra
18
📖 Japanese candlestick charts. Part 2Hello, we continue to study candlesticks. ⚡️ Maximal/minimal 🔶 For this it is desirable for reversal candlestick to have its own high/low. In addition to the convenience of placing stop-loss on them, its own minimum/maximum also increases the chances for a long term trend after such reversal. The reason for this is in the market reflectivity, all the patterns don’t just work on their own, but they also contain market’s psychology and the methodology of huge amounts of smart money. When there is a decrease in demand and supply, smart money form the least resistant trend, and they trade! 🔶 You have probably noticed a few times that the figure’s/pattern’s price could move into the opposite direction that you expected. There are reasons for that, patterns have the necessary to complete conditions, simply of which not many know about. Even if all the necessary conditions are complete while forming a pattern, there is always a chance that the price will go opposite direction due to a number of reasons, of which we are going to talk about later. Now, you should note that its important to analyse candlesticks, as they help you to minimize risk while trading patterns. 🔶 Even though candlesticks look simple, they are a solid foundation for successful trading. They help you to find the optimal points to enter and exit trading in any patterns or whether you are trading using levels, or even if you are witnessing “third Elliott wave”... This is just a small bit of information about such a simple tool called Japanese candlesticks. 📌 Hint: if a trend is moving into a higher timeframe, you should also move to the same timeframe and start searching for reversal candlestick models at a long distance. This gives you the opportunity to trade for the entire trend duration. ⚡️ Harami 🔶 "Uptake", "Hammer" and "Cloud Silver Lining" models are common reversal patterns. There are many more forms in candlestick analysis that indicate an forthcoming reversal. One of them is the "Harami" pattern: the first candlestick is large, and the second one is small, it may be a "Spinning Top" or a "Doji", but in any case, the figure of the second candlestick is inside the first one's figure. They appear both at the top of the market and at the bottom. 🔶 The peculiarity of the "Harami" model is the uncertainty of the market at the time of its appearance. Therefore, it is recommended to wait for confirmation. 📌 The following candlestick of the corresponding color can act as confirmation: green for a bullish reversal, and red for a bearish one.
Education
by I.T.Analytics
TSLA - getting ready to resume the rideTSLA hit a high of 1795 on 13 July before going into consolidation for the past 3 weeks. It found support at the 50% fib retracement @ 1355 and have since traded in an range mostly between 1412-1530 in the past week. Today it appeared to be forming a bullish Harami pattern. We could possibly begin to Long now @ 1480 with initial stop @ 1409 (a few ticks below previous candle low) or wait for a break of the Harami @ 1515 (ie "confirmaton") to get onboard. With RSI still healthy >50, I would consider to long now rather than wait for the "confirmation" break up. 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.
NASDAQ:TSLALong
by Juliac
12
Nasdaq - done pulling back yet?Nasdaq has been trading within a rising channel for the past 3 months, it came down to test the channel support @ 10300 last Friday before closing higher at 10459. There is no compelling bounce yet except that it looks like a bullish Harami pattern could be in the works. We could have a clearer picture after today. If we can have a close above 10568 within the next couple of days, then the rebound is on firmer ground. Should NQ breaches the channel support (ie dip below 10300), I would hold off bullish bets. 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.
CME_MINI:NQ1!Long
by Juliac
Two Pairs: Short Term Bullish < 5 DaysRight now two pairs I expect some bullish action as extremely short term holds are CADJPY and the EURCAD. All the pivot points are close to reaching their tops though it is garnishing some support level. The short term patterns and the current bands also seem obvious to why they are positive right now but still short term entry than leave. As always, please invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis. Proceed with caution.
CLong
by gamer456148
1
BILI - the hunt for low risk entryWith the strong rebound in US markets yesterday, a number of stock have started to bounce decisively off their recent low. BILI has yet to bounce and appears to have found support at the 50% fibonacci retracement level around 40.85. A Bullish divergent between price and stochastic is also forming, presenting a good low risk entry right now. Long @ 42.38 with an initial stop loss a few ticks below the recent low of 40.38 with a potential swing target to recent high at 50-51. caveat: BILI's momentum could be slow looking at it's past trend, mostly small range days with a good burst only now and then. Have to tame our expectations :) 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.
NASDAQ:BILILong
by Juliac
A trading idea for LB.Could this pattern trigger a new rally in LB? There’s a real probability that yes, it could. Let’s see. Today LB made a harami near previous bottom. It would be perfect if the price closed above the purple trendline, but that unfortunately didn’t happen. Look at the volume, it increased a lot in the last two days. If tomorrow LB closes above the harami and above the trendline, it would be a nice trade, with a nice risk/gain relationship. The target would be the black trendline, which is a very long one, dating back to 2015, so it is a quite important one. Let’s see how that will turn out.
NYSE:LB
by Nathan_The_Finance_Hydra