Bank are one of the best performers these days!While many tech stocks hammered heavily this week, banks performed very well so did my private followers who have early access to my trading ideas..!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Moshkelgosha
If you have Palantir in your portfolio for the long term read..!I know many people love Palantir as a good long-term, but you can buy it much cheaper in the coming months..!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Palantir closed at 21.15, which is the lowest closing price since November 23, 2020.
Classily whenever Palantir had touched 21, bounced back the very same they, but today the story is much different.
how different let's review the daily trading value (DTV) and 5 days average trading value (WTV)in the past 6 times:
1- NOV 23,2020: DTV 1.78 B , WTV 7.85 B
2- DEC 02,2020: DTV 3.55 B, WTV 23.8 B
3- MARCH 5,2021: DTV4.15 B, WTV 14 B
4- MARCH 25,2021: DTV1.68 B, WTV 7 B
5- MARCH 30, 2021: DTV1.14 B, WTV 7 B
6- APRIL 20,2021: DTV1.02 B, WTV 7 B (I published analysis for stock and option, option gain was +100% in 24 hours)
7- May 4,2021: DTV1.37 B, WTV 4.5 B
8- May 5, 2021 : DTV 0.508 B, WTV 4.5 B
I believe you clearly see why I did not call to buy Palantir this time.
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Gold says we could be at the gate of a correction or a Crash..!This is the S&P 500 to Gold spot price ratio in 4 different timeframes.
1: 2021
2:2020
3:2018
4:2007
S&P 500 in 4 different timeframes!1: May 2021
2:February 2021
3: February 2020
4: September 2018
Aren't they very similar?
You can find through explanation here:
youtu.be
Triple Top in MODERNAThose who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Road Map for next week earning call!
If you have the stock better have a tight stop loss or exit plan!
watch the stock closely for the short opportunity, since the market did not respond well to earning reports in the last 2 weeks!
Evaluate the possible scenarios:
1- What Is a Triple Top?
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
www.investopedia.com
2-What Are Three Inside Up/Down?
Three inside up and three inside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and a move in the other direction might be starting.
www.investopedia.com
3-Trading value!
When prices reach new highs (or no lows) on decreasing volume , watch out; a reversal might be taking shape.
The constant decrease in trading value from 9.5 billion to 1.5 billion in the last 4 months.
www.investopedia.com
4- Bearish harmonic pattern
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Market Top or Correction, that is the question!While many traders and investors surprised by the red color everywhere in the market today, My private followers were fully prepared for this even before this week started!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Failed Break. ( Bearish )
Daily Chart: Failed Break + Hanging Man and confirmation. ( Bearish )
Weekly Chart: Shooting star . ( Bearish )
Monthly Chart: ( Bullish )
Futures: below the current market with increased volume above the monthly average! ( Bearish )
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Failed Break:
www.investopedia.com
2-Hanging Man:
www.investopedia.com
3-Shooting Star:
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Island Top Reversal in MicrosoftMicrosoft could go down to 245 or even further!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Crossed below the support line continue to decline after a pullback. ( Bearish )
Daily Chart: Island Top pattern. a strong sign of reversal. ( Bearish )
Weekly Chart: Bearish Engulfing after a Doji. ( Bearish )
Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)
Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)
Educational Article:
1- Megaphone or Broadening Pattern:https://www.investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: www.investopedia.com
3-Bearish Engulfing:
www.investopedia.com
4-Resistance:
www.investopedia.com
5- Multi-timeframe Analysis:
www.investopedia.com
6- Dollar Volume:
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Where is the first support level?The support zone will be at 124-118, however, in the midterm, it could go lower!
some people may think it is easy to publish the short idea today, but my private followers were completely ready for this day! before this week even started!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Lower border of Megaphone, should be supported around 130. (Neutral)
Daily Chart: Lowest close since April 12, close below daily open in the last 5 trading sessions, and increased volume above monthly average while the price fails to close above daily open is in favor of bearish case! ( Bearish )
Weekly Chart: Bearish engulfing after 2 Doji candles. ( Bearish )
Monthly Chart: Failure to close above 132.49 in the last 4 months, which means Apple's return in 2021 is slightly negative so far! (Neutral)
Change in Average Dollar Value of Trades: -18% in the first 4 months of 2021 in comparison to the last 4 months of 2020. ( Bearish )
Conclusion: Neutral-Bearish in May is the most probable scenario.
Educational Article:
1- Megaphone or Broadening Pattern:
www.investopedia.com
2-Bearish Engulfing:
www.investopedia.com
3-Resistance:
www.investopedia.com
4- Multi-timeframe Analysis:
www.investopedia.com
5-Dollar volume:
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Double Top in NasdaqPlease accept the reality or you will pay for it heavily..! Even if you are a long-term investor you have to trim your positions!
Keep in mind buying the deep this time may not be a good strategy!
While NASDAQ is almost 2% negative my private followers are lucked in +100% profit by buying the SQQQ call option..! and those who bought SQQQ on my call last Friday are in 7-10% profit, while all other people bleeding severely!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Educational Articles:
Comparison between last 3 weeks and October 2007Above charts: daily chart since April 9th 2021and weekly chart since mid-February 2021.
Below cheats: daily chart since October 5th, 2007 and weekly chart since July 2007. (just before market crash)
I think these chart patterns have lots of similarities, you may argue that, but always it is better to be cautious.
If a similar scenario happening in the coming days, do you have a plan for that?
Multi-Timeframe Analysis: BitcoinHourly Chart: Expanding Triangle(Bearish)
Daily Chart: Bearish Flag + Doji followed by confirmation Candle at 0.618 Fibonacci level. (Bearish)
Weekly Chart: Closing below Flat Top triangle for 2 weeks, and Bullish Engulfing after a Spinning Top and confirmation. (Neutral-Bullish)
Monthly Chart: Spinning Top after 13 months of Parabolic price move.
Change in Average Dollar Value of Trades: in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Moshkelgosha
Educational Articles:
1-Triangle:
www.investopedia.com
2- Retracement vs reversal:
www.investopedia.com
3- Fibonacci Retracement Levels:
www.investopedia.com
4-Flag:
www.investopedia.com
5- Bullish Engulfing:
www.investopedia.com
6-Spinning Top:
www.investopedia.com
7- Parabolic uptrend:
www.investopedia.com
Updated target for BitoinBitcoin failed to close above its 50EMA and the most probable scenario could be another down leg to 41k.
Bitcoin was 63800 when I said history could repeat itself and compared the Coinbase IPO to Emil Oldenberg selling all his bitcoin indecember 2017.
Exceptional Earning but no bullish move..!Technical review of the biggest 5 market cap companies with Tesla chart in January 2021.
1-Apple:
The good report followed by lower prices in the last 2 days!
2-MSFT:
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.
3-Amazon: another great earning report but failed to close higher.
4-Google: exceptional performance but close 3-4% higher and create a long upper shadow.
5-Facebook:
The hanging man occurs when two main criteria are present:
The asset has been in an uptrend.
The candle has a small real body (distance between open and close) and a long lower shadow. There is little to no upper shadow.
Usually, at the end of any bullish run, prices open at higher levels but fail to close at a higher level. you can see this pattern in all of these tech giants.
If you compare these charts with Tesla's chart in January 2021, you will see the creat similar parents, although they did not experience the hype tesla experienced.
Another thing that makes it more concerning is the average weekly trading value decreased 40-50% in most of the equities in the market!
www.investopedia.com
www.investopedia.com
Apocalypse of ARK investEveryones know ark invest will not perform well unless tesla performs well..!
now their biggest ETF, ARKK performance becomes negative again in 2021..! and all their ETFs underperform in comparison to major indexes.
congratulation to their management team who manage the ETFs...
I warned everyone this bubble is going to burst, when the price was 143, no one listened to me..!
How is it possible?
Don't you believe it?
Check this:
be ready for this one!
Ford in big trouble!ford just gets out of a 1-year bullish channel.
Yesterday I published an analysis for my private followers and predicted a price drop after an earning call that beats estimates..!
How is it possible?
Don't you believe it?
Check this:
In a normal situation, I would not doubt to publish a long (buy) analysis on Ford with this chart setting.
What makes me concern is the earning call ahead, and its unpredictable results!
I believe Numbers are better than the estimate, but there were a lot of companies with better than expected numbers and 5-7% price drops after earning calls!
new Apple product, Megaphone..?Megaphone or Broadening formation:
A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows. The chart below shows an example of a classic broadening formation.
www.investopedia.com
resistance and support level for Dow JonesThis presentation contains the Dow Jones index.
Hourly: Double top and broke the weekly trend line
Daily: three consecutive Doji, and trendless in the last 10 days
Weekly: Could be considered as bearish harami or hanging man followed by a negative candle (not a typical Harami or hanging man)
Conclusion: Closing below 33820 will confirm Top Swing, and closing above 34257 in the daily chart makes this analysis obsolete!
Recommendation: Reevaluate your Stop loss.
If you have any reason that Dow Jones is still bullish please write it in a comment!
Critical levels in S&P500This presentation contains the &P 500 index.
Hourly: Double top and broke the weekly trend line
Daily: three consecutive Doji, and 4 times rejection.
Weekly: rejected twice from the resistance level.
Conclusion: Closing below 4118 will confirm Top Swing, and closing above 4191 in the daily chart makes this analysis obsolete!
Recommendation: Reevaluate your Stop loss.
If you have any reason that S&P500 is still bullish please write it in a comment!
If you have tech stocks be careful of of earning calls..!I warned my private followers before this week started!
How is it possible?
Don't you believe it?
Check this:
My followers are way ahead of others in the market..!
+240%in less than 3 days!TLRY was on my buy watchlist of the week for my private followers, the stock moves +12% this week but its Buy Call 17.5, April 30 was also offered at 55-60 cent which is traded between 54 cents and 1.94 USD today!
How is it possible?
Don't you believe it?
Check this:
Another +100% in less than 24hrs!XOM goes up +2% today, but my private followers made +100% in less than 24hrs.
How is it possible?
Don't you believe it?
Check this:
Google 5% jump holds Nasdaq and S&P500 positiveAs you see Microsoft numbers were better than expected but not enough to push the price higher, and the stock price drops to 20 days ago!
Gooogle outstanding report push it to the upper border of the channel but seems not enough to break above it!
Trim your positions could be the best Idea!
The Future of EV makers stock Price..!There is no need to say Tesla is the best EV maker in the world, but it doesn't mean its current market cap of 676 billion dollars (share price 704 USD) is not far above what it should be!
Lets first define Bubble:
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this behavior change is debated.
all EV makers Stock price is lower than half of their price in comparison to 3 months ago.
Please read my EV makers analysis on February 18th, 2021 about the inevitable correction in EV makers' stock Price!
Post-EV-Bubble era!
I believe tesla makes the Gold standard for other EV makers, and all other tries to compete with Tesla, but don't forget, Toyota, Volkswagen, Daimler, General Motors, Ford, Hyundai, and Kia.
Conventional automakers upgraded themselves, and their new fully electric cars are on the roads or coming soon! This may not be worrisome for Tesla but could cause a huge negative impact on smaller EV makers specially NIO.
Sooner or later everyone will find out a company that produced 100k EVs so far can not have a 67.5 billion dollar market cap.
you may ask why??? Because Toyota motors with +10 million car/year and +300 million car production from its early start, has a 213 Billion dollar market cap..! Don't forget Toyota produced more hybrid car than any other company, and recently Lyft and Toyota Canada, in partnership with Toyota Credit Canada Inc., are teaming up in Metro Vancouver to make the Toyota Mirai — a hydrogen-powered, zero-emission vehicle (ZEV) — accessible to drivers on the Lyft platform through Toyota’s new KINTO Share program.
KINTO Share is a carsharing service that offers hybrid and fuel-efficient Toyota vehicles. Drivers who are interested in renting a vehicle while earning with Uber or an approved delivery provider can rent KINTO Share vehicles hourly or weekly.
Now, Let's compare EV makers' stock prices to Tesla. (Fisker, NIO, Xpeng, Li Aouto, CCIV)
NIO/TSLA:
FSR/TSLA:
CCIV/TSLA:
XPEV/TSLA:
LI/TSLA:
All and all, my long-term view for Tesla Stock is bearish as it was since early February 2021, but for others is even more bearish!
Moshkelgosha
