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Nasdaq Index: Technicals and the 2020 US Presidential ElectionsIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Analysis - To begin with, we can look at the Nasdaq Index's monthly chart on the logarithmic scale - The logarithmic scale provides a broader overview of the general trend, as well as clearer percentage changes in the market - We can first see that Nasdaq (IXIC) dropped significantly during the 2008 financial crisis. - After dropping a whopping 55% (which is a lot considering that this is an index), it has been on a steady uptrend ever since - The Nasdaq Index has been on a clear and steady uptrend since 2009, trading within an ascending parallel channel - Ever since it reclaimed moving average support as well, prices never dropped below the 30 simple moving average (SMA). - The Ichimoku cloud also demonstrates that the trend is clearly bullish for the long term, as prices trade above cloud support - There have been times in 2010 and 2011 when prices tested the upper channel resistance, only to drop back and test the channel's middle line support - During the recent market crash caused by the Corona Virus (Covid-19) outbreak, while prices have initially dropped below the channel support, the candle managed to close above it - Nasdaq was able to not only reclaim the lower trend line support, but also the 30 sma support - Last month, however, prices have overextended and tested the ascending trend line resistance once again. - Based on current technicals and the fact that the 2020 US Presidential Elections is not far ahead, even a significant 26% drop would maintain the bullish trend. - The Moving Average Convergence Divergence (MACD) shows weakening bullish histograms, but the trend's overall momentum remains solid. Conclusion As historical data demonstrates that the stock market has a tendency to correct before the US presidential election takes place, it's also logical to expect a form of correction, specifically in the more volatile Nasdaq Index. However, we are seeing potential signs of a functioning vaccine being developed for the Corona Virus, and with my personal expectation that the virus will no longer post any obstacles to mankind by the end of next year, that gets rid of a major issue preventing the market from further rallying. Interest rates will continue to remain low for a while, and with bullish technicals being intact, it's suggested that people look to 'buy the dip' during times of a correction.
TVC:NDQ
by Michael_Wang_Official
5
Good spot for buying Fraport AGI expecting on the next week a bounce at "gap close" by 34.84€ and this is in our monthly buy range . Maybe we hold this and made a new lower high. RSI level on monthly is clearly oversold like 2009. Monthly-Chart: My buy orders are between 34.84€ and 34.46€(turquoise lines). Take profit target is between 37.40€ and 38.68€ (+8%-10%). Stop loss: 33.44€ (-3.50%) Longterm target: 47.54€ (+37.14%) REMOVE YOUR BIAS! Trade simple, made money and be happy! Thanks, Disziplinierter_Trader
XETR:FRALong
by UnknownUnicorn2089696
STOCK TRADING : 20) thong guan- top20JewelMalaysiaStocks-top 20 jewels frm a very popular local bank... -technical : let's look at some price action... this is trade 158) frm haidojo trading and the update frm trade 126)…Tguan has broken abv the resistance-turn-support RM4.87 nowit will continue its uptrend until a lower-high and lower-low are formed... current support : RM5.30 strong support : RM4.87 resistance : RM5.65-5.70 Overall, tguan is uptrend now…it has broken abv its resistance level and continues its uptrend journey... WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:TGUANLong
by HAIDOJO_trading
TESLA! Great BUY here... STILL OPEN!Yes, our strategy can also trade STOCKS! here we have a BUY indicated to us on TESLA still open and running well. What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
NASDAQ:TSLA
by congibb
$NVDIA testing the channel high $NVDIA is possibly reflecting the market conditions the best, it is reaching the long-term channel up high in a narrow range channel. We have 5 days till the next earnings announcement and the expectations are quite high. Fundamentally P/E ratio of the $NVDIA at the moment is almost 90. Someone would say that this is usual for a tech company but it should be quite rational to question the ability of the stock to outperform more as the technical bulls are expecting, this is not just a question only for this stock this is a question for the market in whole, not just this stock. I would look to short this kind of the market not to go long, or in other words those that were buying need to take their profit.
NASDAQ:NVDA
by ewaction
1
Decent Dip Entry for CAPR: Buy Alert!Right now, I am confident enough to say that CAPR is due for a likely reentry. I believe that it has been recently oversold and the bearish correlation is about to have its resistance popped quite soon. The upswing potential is there. That being said, please proceed with caution and invest at your own risk. As always, everything I say is on an opinion based basis not meant to be taken seriously as actionable financial advice. Do your own due diligence.
NASDAQ:CAPRLong
by gamer456148
Why I called Short on FSLY Yesterday and think it will hit <$85Aftermarket, I noticed that FSLY had a largely bearish correlation for the day. I expected it to continue to the next day given that it has been having a consistent bull run for quite a while. When a bull run is too long and people are way too overly optimistic for the earnings, what can one expect? Now I think the price may bottom out close to the $85 price point. That being said, there is still low to mid risk entering now given it may start a retracement correlation pattern. However, I would likely call this a short given safer bets are out there for dips. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
NYSE:FSLYShort
by gamer456148
1
My Favorite After Hours Dip: Immenent Retrace???My entry for wedge #2 was $1.76. PT target is $3.08. Right now, I expect a positive retracement given the massive selloff was towards the bottom floor and the pattern last earnings call. Once support levels pick up, this will retest and retrace closer towards today's opening. If I'm right, very large profit turnovers for those who get the dip. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Keep a close watch.
NASDAQ:MVISLong
by gamer456148
1