This week is critical for ISPH Multi timeframe analysis weekly to 5 minutes Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. Watch the video idea to have the full picture of the stock under analysis. watch the video for more details Disclaimer: The Content is for...
#RED The price has been moving in a descending triangle since July 2022 Moving average 100 was broken to the upside We are about to continue going up Current price 2.05 First goal 2.14 Second goal 2.41 Third HDQ 2.77
Quick Chart Reading on the QQQ's the QQQ's opened today with a relatively large gap down - later in the day price action is shaping to be what looks like a tight spread - for the optimistic ones (like me), if you really stretch the bull flag, we're still within a bull flag formation from the early Feb highs - a good sign is, the QQQ's seems to want to stay...
I just posted a note on the power of using Renko charts in preparing for a position - linked to this one. NET (Cloudflare) is on my watchlist for new positions. Had a quick trade on NET around the earnings earlier this month - and i'm now watching the chart for the next trade. would like to share some details showing another example of the power of Renko...
PINS may be on the move ... but has to first contend with 2 heavy congestion zones ahead. This chart reading uses MA's, simple VPA (Volume Price Analysis), MACD/Momentum and "built-in" Bar Strength analysis The weekly view is much easier to see given the high volatility on the daily TF .. there's finally some positive sentiment building up on the weekly - the...
Early Happy New Year 2023 ... Using the slow "down" time to "sharpen the saw" and prep for a strong recovery sometime in 2023 here are some of my top candidates for the 2023 watchlist to keep an eye on. what's common between these names? can you spot the similarities / theme between them? * The blue line is the SMA200 - and all 4 have already recovered above...
this is a quick follow up from my previous chart reading using the weekly TF - we hit scenario #2, almost spot-on - market is showing some signs of recovery. we also see some good earnings results that are not (hopefully) being lost back (AMZN, UBER, PINS, even AAPL i consider "good") but - we still not there yet, though if we check the daily chart (below), the...
Been a while since i posted a chart reading. so here's a fresh one - with a question at the end... cause honestly, i don't know :) This is an interesting view of the NASDAQ - using a monthly chart of the NQ1! - showing the market action since the famous 2008 drop - with an attempt to find some sort of a trend or logic to how the market moved along the...
Been waiting for this scenario to unfold for couple of weeks now. here's an updated view from my prior MSFT post (linked below) - i'm sorry if it looks too complex with all the on-chart analysis this time, we're zooming in to the 4hr chart as i was curious to compare this move to the prior one, and they seem very similar MSFT dipped below $322 in pre-market...
Quick chart reading for AAPL, and our possible entry below $150 - $155 is our ideal "buy the dip" level - as shows on the chart - and a repeat of the previous cycle of a 10% upside. was a good trade. the curious thing, this is very similar to the scenario expected from MSFT, that i just posted - also an around ~10% drop from the high - and a similar ascending...
MSFT quick chart reading and a possible scneario that can provide a nice long entry at around 10% discount from the highs. We're setting up for a repeat of that zigzag trade on MSFT on the ascending channel - if the expected scenario unfolds - bottom fishing season is on :) - need patience. we look at entery between $322 and $310 .. or we can scale in with an...
just a quick chart reading here - as we see from the last few bars, the market seems to be looking for a reason to slow down and consolidate - back to the 100SMA (dark blue line on the price chart) we have seen this scenario before - in the previous reading (linked below), the market respected both the channel and the 100SMA and reversed from there - after we...
This is a quick chart reading for MSFT that shows a possible scenario for calendar Q1 2022 using the weekly chart - The key assumption here is that MSFT will continue to maintain the same ascending channel that's in place for the last 3-4 years (excluding the COVID effect between Feb-April 2020) - there are 3 price levels to note: $330, $345 and $375 -- Target...
A fellow trader alerted me that my previous AAPL chart reading is too unreadable :) - so here's a fresh, cleaner chart reading showing only the price chart - no complex indicators - using the weekly view and marking what i will be closely watching in the next 3 months - and possibly a trading scenario (long) - this scenario is still inline with the previous one .....
Our previous chart reading for AAPL was a good one - we hit the buy zone, 2 projected target price levels, and sold on target. when this happens with a chart reading and a trading plan, it's awesome !! although the over-bought condition extended and tried people (buyers) patience (and FOMO) i'll link the previous chart reading below for review if needed if AAPL...
* this is a pure chart reading (analysis) for NKLA and expected scenarios based on price and volume action and what the indicators tell us - has nothing to do with the fundamentals or how the business itself is doing. Daily Chart: - NKLA has accelerated in the past few days with (couple of days showing) large % moves supported by big volume (almost 2x daily...
I love AAPL. Many of us do. Been a while since I posted a chart reading for AAPL .. maybe since the split ? here's a quick chart reading for AAPL using the 1wk view (apologies for the crowded chart - i wanted to show all recent price channels as well as the target zones) * A new price channel is forming. that's initially a good sign. * If that channel remains...
solid earnings for MSFT - the market reacted in a neutral to slightly-negative way - possibly because MSFT was already at the top of its established price range / channel and there was no big "WOW's" in the earnings .. other than a continuation of a "strong business story" - that the market didn't find extra exciting. but that "rotation" is actually a good thing...