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Amazon Up 47% This Year Already!Amazon is once again proving its innovative prowess by negotiating with key players like Verizon, T-Mobile, Dish Network, and AT&T to offer budget-friendly or free mobile services to its U.S Prime subscribers. This groundbreaking step could transform the telecom sector and strengthen Amazon's position by merging e-commerce and telecom. Bundling wireless plans and a Paramount+ subscription into Prime, Amazon is poised to significantly boost its market status. The company's stock has already skyrocketed 47% this year, with a 14% hike in May alone. A few potential roadblocks include the weekly 200 simple moving average at $132 and resistance at $144. Yet Amazon's consistent growth pattern suggests minimal impact. Despite a 55% pullback between 2021 and 2022, Amazon is likely to bounce back and may even outperform its past peak. With a successful telecom endeavor, shareholders could see stocks surge past $188 and potentially break the $200 resistance. This venture not only bodes well for investors but could also reinvent the e-commerce landscape by providing unparalleled integrated services. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AMZNLong
by Sublime_Trading
Netflix Stock 11% Up Following Crackdown On Password SharingNetflix has made a strategic move to curb account sharing by nearly half its global user base to boost revenue and subscription rates. The policy checks a device's IP address to confirm single-household usage, but tech-savvy users have bypassed these restrictions with a VPN app, Meshnet, muddling Netflix's ability to identify user connections from different locations. This could potentially affect Netflix's bottom line. Interestingly, following the announcement of the crackdown, Netflix's stock price surged by over 11%, peaking on May 30th with a 4% increase from the previous day. However, with resistance levels at the $400 round number and the weekly 50 simple moving average, the company has a hurdle to overcome for stock growth. Overcoming this resistance could signal a substantial recovery from the 75%+ decline seen from November 2021 to May 2022. As Netflix faces challenges like the VPN loophole and strategic shifts, questions arise about the future course of the company and its stock. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLXLong
by Sublime_Trading
2
Amazon Set To Reach 40% Growth For 2023?From October 2001 to July 2021, Amazon shares rocketed from $0.27 to a record-breaking high of $188, a stunning 70,000% rise. Remarkably, during the height of the Covid-19 pandemic, Amazon's stock surged 23%, contrasting sharply with the S&P 500's 19% dip. However, in late 2022, Amazon faced a downturn, with prices falling below the $100 mark. After hitting a low just above $80, prices started to bounce back, battling resistance at the $100 mark until eventually regaining ground in January 2023. Currently, we are seeing a bullish trend with higher highs and higher lows. The share price has surpassed its February 2nd high at $114 and is now using this level as support. Considering the stock has already ascended 34% this year, reaching a 40% growth mark over the coming weeks or months is plausible. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AMZNLong
by Sublime_Trading
Nvidia Just $32 Away From Creating Record HighsNvidia, a tech industry leader, has shown remarkable financial growth. In Q2 2022, earnings per share were $1.36, dipping to $0.58 in Q4. However, Q3 2023 projections are promising at $0.92 per share and a revenue of $6.52 billion. In October 2022, Nvidia's stock price, initially heading towards $100, found support at $108, marking the start of a bullish trend. Despite a 25% decline in December 2022, the 50 simple moving average (SMA) provided crucial support. The stock price faced resistance at last year's high of $307 but broke through on May 16th, 2023, climbing 7.7%. Despite some volatility, Nvidia's resilience and growth potential remain strong.
NASDAQ:NVDALong
by Sublime_Trading
Will Gold Be Defeated?The previous all-time high from September 2011 at $1920 is playing a major role in price action yet again. Price reacted to this level in March 2022, where the high of that candle also tagged the current all-time high at $2075. Price failed at both resistance levels and went on a decline, creating a low at $1614 in September 2022. November 2022 through to the current month have been bullish, bringing us to where price is now. During the month, price has traded above $1920, but as we are nearing the end of the month, the sellers have pulled price down to this level where it could be acting as support on the daily timeframe. Despite the bullish impulsive moves over the last three months, remember that a long-term consolidation is still in play from September 2011. Until we see a trend emerge above the all-time high, expect turbulence and volatility along the way. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
2
GBPUSD 19% Up From Record Low!It was only in September this year that the British Pound fell to record lows, with the exchange rate hitting a low of 1.0356. Price swiftly reversed after that drop and bounced hard from the record low and back into the consolidation area. We have seen a 19% price move to the upside, above the 1.2000 round number. Now the next level of resistance is the 200 simple moving average. We need to remember that price is back in consolidation, which ranges between 1.1409 and 1.4376. The consolidation area started back in October 2016, and with the recent fake breakout of support, it is proving to be a difficult area for price to escape from. From a trend-following perspective, there is not much room to catch a big move, with their being major support and resistance levels around price. However, short-term traders may see opportunities in this forex pair. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
Tesla Falling Hard And Fast!Tesla may have grown in popularity over the past few years, but the share price has been falling rapidly since November 2021. It was only back in June 2019 that price was trading at $14 before shooting up 2846% to a high of $415 in November 2021. That is some significant growth in a very short period of time. But as with anything that goes up fast in the markets, it will eventually come back down and just as hard. As we can see, this is what is currently happening with Tesla. Price has now declined by 59% and counting. Last year’s low support has been broken, and we could see further lows created. Price may come down to find support at $150, and if that fails, then the $100 round number could be the next stop. What is clear about this chart is that Tesla is not an ideal long opportunity. This is due to the fact that it is falling fast and hard and may continue to do so for the foreseeable future. As the S&P 500 is displaying signs of strength, we need to look at stocks outperforming it and creating new all-time highs, which there are plenty of. We will continue to cover these stocks in our analysis so stay tuned If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques.
NASDAQ:TSLAShort
by Sublime_Trading
2
S&P 500 Decline Completed?The decline in the S&P 500 has been in progress since the start 2022, and is technically still in a decline until indicators prove otherwise. We can see a consistent pattern of lower lows and lower highs, but early signs show that a support level may have disrupted this pattern. In early October 2022, price hit the weekly 200 simple moving average which is acting as a strong support level. Since hitting this level, we have seen a bounce to the upside. This current move up could still be followed by another decline because it has now hit the daily 200 simple moving average (not shown) and is reacting to this level as resistance and finding it slightly challenging to get through. The $4000 round number is also acting as resistance, so we need to see if price will fail and fall back to support or even form lower lows. A break above the cluster of resistance mentioned above should see the bull rally resume and continue the uptrend. This is when we will begin looking for long opportunities amongst our top stocks list to take advantage of the next leg of the bullish market. Patience as always for now, but we are edging ever so closer to jumping into high-probability opportunities in the stock market. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
4
US Dollar Produces Textbook Chart Pattern!The Dollar Index was contained inside an area of consolidation from January 2017 to June 2022 before finally breaking out to the upside above $103. Price had a clean run producing strong bullish candles through to September 2022, moving from $103 to $114. Exhaustion then crept into this asset, causing a decline in price, which was to be expected based on its history of deep pullbacks against the flow of the trend. We are currently seeing a textbook pattern where price breaks out of consolidation and retests the consolidation area. If this unfolds as expected, we should see a bounce from support and a resumption of the prior bullish move. At the time of writing, December’s candle is displaying as an indecision candle, but as we are early in the month, the shape of the candle is likely to change. If price moves up again, we will likely see volatility flow into a number of forex pairs producing opportunities to open positions in this market. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
GBPUSD Sideways Following Record Lows!The GBPUSD made record lows in September this year. Price declined to a new all-time low at 1.0356 as it passed the low of February 1985 which was at 1.0520. The British pound has strengthened since then, rising up 16%. And in doing so it has moved back into the long-term consolidation zone. Within consolidation, price is currently around the 1.2000 round number which may hold as resistance. But ultimately we are waiting for a breakout of consolidation resistance at 1.4376 or support at 1.1409. Patience will be require for this asset as it could take months or years before a setup occurs. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
Will The EURUSD Re-Enter Consolidation?The EURUSD went on a 25% decline in 2014 through to 2015. WIth such a steap drop in only a matter of months, it was only natural that price would fall into a long period of consolidation. The consolidation period lasted much longer than anticipated. It lasted for 7 years and we eventually saw price break through the consolidation support in July this year. Price even declined below the 1.0000 round number only to come back up and retest the support turned resistance level at 1.0462. If this is just the beginning of a long-term bear trend then we should eventually see a reversal at the current resistance level. The EURUSD does trend really well, and in a short period of time so if a trend does unfold, it will require you to be alert and ready as a trend in the forex market can be easily missed. The current resisatance level also has the daily 200 simple moving average acting as resistance. The first contact was made on November 15th and again on November 23rd. All signs are indicating impending weakness. Keep following our posts for continuous updates. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
McDonald's Breaks Out 2.78%After a 9-month waiting period, McDonald’s has finally created new all-time highs. The previous all-time high was back in January this year at $271. Following that, price then went into a range between $217 and $271 and managed to pick up enough momentum this past week to force a breakout from consolidation. Our task now is to confirm whether this is a fake breakout or the beginning of a long-term trend. The way we confirm this as being the start of a trend is by waiting patiently on the sidelines. We need to wait for a pattern of higher highs and higher lows to develop, which is usually a sign of a bullish trend. That will give us the confidence that McDonald’s is embarking on the next leg of the bull trend. Waiting will not cause us to miss out because once the confirmation is set, then we can aggressively compound and maximise our profit on the way up. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:MCDLong
by Sublime_Trading
Dow Jones Breaks Out!The Dow Jones is leading the way for the three US indices by being the first to recently break and close above the daily 200 simple moving average. There was a previous break and close above the 200 simple moving average back in August this year but this proved to be a fake breakout. Only to see price decline by 16%. This recent move up has been more impulsive than the previous move. The buyers look more in control, but we need further confirmation before we begin to take long positions again. We ideally want to see a pattern of higher highs, and higher lows, as this will indicate a change in behaviour for this asset. If the S&P and the Nasdaq follow suit and show signs of bullishness, this will further confirm strength in the market, and a long-term bullish trend will likely unfold. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:DJI
by Sublime_Trading
6
USDJPY Up 18%The USDJPY is now up 18% since breaking out from the major resistance at 125.85 from the June 2015 high. In the recent post for the USDJPY, price was up 11%, so it has seen good growth since then. The move is no surprise as price broke out from long-term consolidation, lasting almost 7 years. Following this strong current move, we can expect another period of long-term consolidation. This is why we want to catch the big moves as they happen. Price is now approaching the 150 round number which is a psychological level of resistance. We may see price hesitate around this level. Whether price will break beyond 150 or reverse will be down to who comes out on top, the buyers or the sellers. We have multiple positions in this forex pair. We are now managing our positions and will compound if and when the time is right. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
4
S&P 500 On Safe Grounds?The S&P 500 is at a major point because it is currently being held up by the 200 simple moving average, which, if it fails as support, could see price freefall forming a bear market. Back in March 2020, price breached the 200 simple moving average, but its time below this indicator was short-lived as we saw a quick return back above the 200 smiple moving average. This is why we don’t want to enter short positions as soon as price moves below the 200 simple moving average. Instead, we wait for confirmation of lower highs and lower lows on the daily timeframe to avoid getting caught up in a fake breakout. Last week’s candle on the weekly timeframe shows a long wick below the candle. The sellers attempted to force price further down, but the buyers took control and were able to keep price at support. We now want to see the buyers give price the momentum it needs to bounce from support and resume the uptrend. As this is a major level of support, if price breaks down and forms a bearish trend, we will start looking for shorting opportunities. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
Pound Sets Record Low!The Forex market has come alive after many years of very little activity. One pair in particular that stands out is the GBPUSD. Following the long-term consolidation, between 1.1409 and 1.4376, which held price at bay from October 2016 until this month, price has taken a sudden dive through support. Price reached historic lows this month, creating a low at 1.0356, and appeared as though it was on a fast track towards the 1.0000 round number. The pound has found some near-term strength and is heading up, so we need to look at levels of resistance that could prevent price from staying up. The major level of resistance above price is the consolidation low at 1.1409. This low was formed in March 2020 and held for over two years before the breakout. When price breaks out from consolidation, we tend to see a retest of the consolidation zone before a continuation in the direction of the breakout. If price fails to break above this level, then we could see further weakness in the pound and a downtrend could unfold here, but patience as usual for now. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Short
by Sublime_Trading
Dollar Index Up 5%The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022 and the buyers are looking strong for September so far. Price was previously in consolidation between January 2017 and June 2022 and when price consolidates for lengthy periods of time such as this, we can expect strong moves in the direction of the breakout like we see at the moment. There is a lot of clear space above price for it to continue climbing higher, so the buyers may use this to their advantage. This is the best time to look at the forex market, which has been sleeping for a number of years now. Expect big long-term trends when markets come alive after a long period of doing nothing. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
2
USDJPY Up 11%The USDJPY is now up another 1% since the previous post, taking it to 11% from the breakout which occurred on Apr 11, 2022. We see a clear pattern of higher highs and higher lows, indicating that a bullish trend is in play and as long as this pattern continues, we are likely to see further moves to the upside. There are previous highs above price but we can ignore these as they were formed over ten years ago and are not very likely to act as strong levels of resistance. We currently have positions in play for this forex pair and will look to compound if the trend continues. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
US Dollar Ready For The Next Rally!The Dollar Index bounced off the support level from the May 13th high a second time on August 10th at $105. Since the start of the year, price has been making a consistent pattern of higher highs and higher lows, and this most recent pullback appears to be following this same pattern. We need to see now that the buyers continue to push price skywards and towards the recent high from July 14th at $109. If there is a break and close above that high, it will confirm a continuation of the current bull trend in play. Trends should follow a bullish move with the dollar in certain forex pairs that are influenced by the dollar. This should result in opportunities in this market. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
S&P 500 Signalling Buying Opportunities?As expected, the S&P 500 has reacted to the daily 200 simple moving average which is acting as resistance. Basic indicators such as the moving average can tell us before the fact where price may struggle and potentially reverse. This move is not a reversal at the moment, a barrier has been formed, and it will just take the buyers a bit more effort to break above this level. We have seen some bullish impulsive moves recently, and if the long-term trends are still intact, then the 200 sma should be broken soon, and then we want to see price go on to create new all-time highs. Patience for now, but we may soon be looking for buying opportunities again. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
S&P 500 Breaking Key Levels?The S&P 500 is currently deciding which direction to head next now that it has come back up to a previous support level which is acting as resistance. Price moved back above the $4000 round number on July 27th with strong bullish moves, but price has now slowed down at resistance at $4114. If this level is cleared, the next level of resistance is the 200 simple moving average, but remember that price still has the potential to decline again and form lower lows. Because there is some indecision, we need confirmation that a trend is forming. As the prior trend was bullish, we anticipate a continuation to the upside and will start to take bullish positions once we see further moves to the upside. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
US Dollar Bounces Strong!The Dollar Index is a slow creeper and could prove to be a strong mover over the next few months as it is forming a consistent pattern of higher highs and higher lows. We saw a strong move to the upside on July 5th and price continued to move up until July 14th which is where price started to pull back. Price moved down to a cluster of support consisting of the 50 simple moving average and the support level from the May 13th high at $105.06. Price has now bounced off this level of support and forming a nice impulsive move to the upside right now. If price can maintain this momentum, we should see a move above the previous high at $109.14 from the high of July 14th. If that breakout does transpire, then we are likely to see a long-term trend unfold in the Dollar and other currency pairs, If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
S&P 500 Bullish Continuation?Last month, the S&P 500 bounced off a significant support level in the form of last year’s low at $3662, and this support has held strong ever since. This month’s candle is looking healthy and bullish following that strong bounce, and we now want to see this bullish momentum continue. The $4000 round number is a psychological level of resistance and could force price back down if it struggles to break through. On the lower timeframe price has been making a pattern of lower lows and lower highs, but if we see a break in the pattern then that would be the early signs of a bullish continuation. We are waiting for confirmation of bullish momentum, and then we will be ready to start taking long positions once again as we have our watchlist prepared. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading