Stockmarkets
DJIA and Its Head and Shoulder May 13, 2020If you read my previous post on May 5, you would know that DJIA is completing its head and shoulder. There is a probability that it would go through the support level within 3 trading days.
TESLA INC. - Timeframe: 1H Technical analysisTRENDS
Court terme: STRONGLY BULLISH TECHNICAL INDICATORS: 50% BULLISH / 0% BEARISH / 50% NEUTRAL
MY OPINION: BULLISH ABOVE 800.51 USD
MY TARGETS
862.95 USD (+6.37%)
869.82 USD (+7.21%)
MY ANALYSIS
The bullish trend is currently very strong on TESLA INC.. As long as the price remains above the support at 800.51 USD, you could try to benefit from the boom. The first bullish objective is located at 862.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 869.82 USD as an objective. Crossing it would then enable buyers to target 917.42 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
FORCE : 7.7/10
Quotes:
The TESLA INC. rating is 811.29 USD. On the day, this instrument gained -0.99% and was traded between 785.00 USD and 824.00 USD over the period. The price is currently at +3.35% from its lowest and -1.54% from its highest.
Technical:
A technical analysis in 1H of this TESLA INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Indicators scanner detects a bullish signal on moving averages that could impact this trend.
Numerical data:
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators:
RSI (14): 58.02
MACD (12,26,9): 9.7500
Directional Movement: 2.62
AROON (14): 21.43
DEMA (21): 818.06
Parabolic SAR (0,02-0,02-0,2): 819.55
Elder Ray (13): 3.00
Super Trend (3,10): 781.02
Zig ZAG (10): 817.90
VORTEX (21): 1.0900
Stochastique (14,3,5): 81.60
TEMA (21): 821.64
Williams %R (14): -6.76
Chande Momentum Oscillator (20): 10.03
Repulse (5,40,3): 1.7600
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 5.70
Moving averages:
MA7: 775.62
MA20: 755.58
MA50: 633.22
MA100: 620.35
MAexp7: 812.49
MAexp20: 804.12
MAexp50: 787.18
MAexp100: 760.04
Price / MA7: +4.60%
Price / MA20: +7.37%
Price / MA50: +28.12%
Price / MA100: +30.78%
Price / MAexp7: -0.15%
Price / MAexp20: +0.89%
Price / MAexp50: +3.06%
Price / MAexp100: +6.74%
guns and butter, Do you remember ECON? $RGR has been doing pretty good the past few months just went over a monthly resistance. Looking to test $65 then $70.
ER is $70 I truthfully think this is an actionable trade.
redline is stoploss for bulls, and point of entry for bears IMO
MAKE THAT MONEY
$SPY $amd $NVDA $PENN $MVIS $QQQ $tqqq $AAPL $SHOP $TSLA $ROkU
At a Critical Area! $3,000 in our eyesight We are def. at a critical area. I'm still leaning slightly on the bullish side. 3k is a good possibility if we bounce and stay within the upward channel. If support doesn't hold and we drop. I see us then re-testing the $2600 area. Hoping for the best, GL to all with trading.
NASDAQ100Short position on NSDQ. Chart on daily. I follow the Fibonacci retracements and have a look on MACD.
Targets:
1. 8566
2. 8202
3. 7837
4. 7366
5. 6658
EGX30 - Egyptian Stock Market - weekly chartA negative Elliot wave scenario for EGX30 under 11000 may go down to 7800 as a first target then down to 6000 but above 11000 will cancel this scenario
Sell in May and go away
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates.
Stockmarkets are surging.
No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out.
Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home.
But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money.
It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
SPX SPY S&P500This is how I see the S&P500 playing out. Nice counter trend rally and looking to complete an AB=CD retrace.
Just a simple overview of how I see it playing out
AMD needs a pullbackAMD started downtrend from ATH 59 level and created a new bottom at 37.64 thereby completing ABCD pattern on 3/18/20. It has since started a new impulse trend respecting ABCD harmonic pattern with fib levels acting as resistances. On March 30th, AMD completed 0.5 fib retracement 48.02 to complete wave B without going through a single pullback, therefore, it had to retrace back to 0.38 and 0.23 fib levels to complete wave C. Wave CD is supposed to be completed at 127.2% or 51.16 but AMD pumped on low volume today( even AH) along with many other NASDAQ stocks. I was expecting AMD to retest the trendline before breaking out of triangle but this market is not following logic or common sense lol. If AMD breaks 51.16 level tomorrow, the next level of resistance is 0.78 fib level (54.47) but gapping up there without retesting the trend is makes it look very very overextended and short waiting to happen. IDK why the market is rallying when unemployment numbers are sky high and demand for consumer products falling ( especially electronics) but I am not bringing fundamentals into this analysis. Let's see where we open tomorrow- If we gap up, we have a level at 52.85 gap-fill above so maybe that is a good level to start a short position. If we open red, I will consider adding 4/24 puts at the break below 49.5. Good luck trading tomorrow!
Disclaimer: The above thoughts are my own and should not be considered as investment advice.
DOW - COMPLELTY OVERBOUGHT DONT BUY THIS!Hello guys,
Rich people pumped the stocks in order to sell their positions in higher prices, please dont buy at this levels or you will see a blood bath again in the next months.
I highly not recommend to buy at this positions.
Thanks!
S&P 500 further downside to the 1800 value area in late May 2020If today is the top of the corrective wave, then we can establish a Fibonacci extension from the all-time high, to the most recent major low and then to today's top. The 0.786 Fibonacci extension level is within the same value area as some important prior market swing lows.
A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely scenario.
May 26th, and a few trading days before and after, represent a likely stopping point for a move higher.
May 26th is 96 days (90-day cycle) from the all-time high.
May 26th is 49 days (Death Cycle) from today's minor swing high.
StockMarket Update : Looking for Indices Range BounderiesHope this idea will inspire some of you !
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Phil
How i know what stock have a good future in a crisis - TutorialHello,
Some people asked in Telegram / PM how i know what stock will go up and which one should them short or long.
I made a list about the different sectors of SPX 500 if its needed to go bear or bull on it.
After you choose the sector you need to check the ADX of the coorporation, it need to be strong and always remember to chose the strongest coorporations of the sector that you selected.
Here is the graphic:
imgur.com
You can see my last charts that i did green on almost all of them.
Hope you liked and helped to you!
Please follow me to keep doing daily analysis for free!
Thank you so much!
Regards,
ZOOM completly bullishI expect zoom keeping bullish as all signals show us an ascending channel with a really good improvement.
