TECH
$BTC final rally 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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Snowflake: Snowed Under ❄️Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance at $205.66 first to lodge the top of wave x in magenta before moving downwards again. Wave 2 in turquoise should then return Snowflake below $205.66 and carry it below the support at $110.27, introducing fresh upwards movement afterward.
US100 : NASDAQ AS TECH GIANTCAPITALCOM:US100
Hi , Trader's .. Our last target of nasdaq Hit TP
Now market is trading in Resistance 1 And Pivot Range
Bearish Pressure is building up in 1 HR TF
Market can make Double Top And can drop to retest Pivot area
Target With Proper Analysis And Risk Management
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Amplitude: 2021 IPO Comeback Kid $AMPL $COIN $SNOWDoesn't look like there are many buyers for $AMPL, a peer of $COIN $SNOW 2020-2021 IPO cohorts, though business results look promising in the long-term.
I'd say anything above $10 is a good entry for this as a long-term tech stock that can outperform in future cycles.
Amplitude Inc (NASDAQ:AMPL)
The 8 analysts offering 12-month price forecasts for Amplitude Inc have a median target of $17.50, with a high estimate of 20.00 and a low estimate of 15.00 . The median estimate represents a +32.28% increase from the last price of 13.23.
In the chart above, I have 3 bullish scenarios. All 3 are negated if the price drops below $10
As of now, it looks like there's still a lot of post-IPO sell pressure and aside from price defense at $10 late this year, not much new insti investor interest.
"We're so early!" - Famous Last Words
Snowflake - Fade Bears On Another Earnings DumpWhen it comes to tech stuff, I'm a contrarian and actually believe that Nasdaq is heading to 14,000+.However, as seen in my call below, I'm still expecting more of a bear trap than we've currently had.
Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears
I simply don't believe that, based on the price action of the markets over the last 6 and 8 months, that wobbly fundamentals and the Federal Reserve continuing to hike rates is going to be what crashes the market. All markets act like they bottomed in October and November of 2022, which to me says that prices must go higher.
That being said, I also believe that a severe market crash lies ahead in the future, but I believe that the timing for it to unfold is July or August of this year. I also believe that geopolitical issues will be what cause the crash, not the Fed, and there are a number of them:
1. The Chinese Communist Party has lost millions of people to Wuhan Pneumonia. The situation is so much worse than the 90,000 deaths the lying communist regime claims that it's scary. This ultimately leads to China's infrastructure, military, law enforcement, and the Party itself being extremely weak.
2. Russia v Ukraine is set to escalate shortly, and the war isn't one bit "Russia v Ukraine," it's Russia versus the U.S.-led NATO block
3. Natural, manmade, and environmental disasters abound in this world and go unreported. One day, one of them will hit the United States and it will shock the markets.
But the big one is #1. The fundamental problem for the world is everything about the world's oldest country right now revolves around the CCP's almost 24-year-long persecution of Falun Gong meditation. The Party has killed so many practitioners for their spiritual beliefs, and even committed the unprecedented sin of live organ harvesting, a sin that even Nero didn't commit in the persecution of Christians 2,000 years ago.
Because Wall Street and the governments around the world have been providing financial, material, and political support to the regime over the entire course of the 24 year persecution, this inherently means that when the CCP falls and all the skeletons come out of the closet, you're going to have a hard time finding a place in the world that has clean hands.
When that unfolds, it will really be hard for the market makers to keep making the market. The house of cards will really crumble. Educate yourself on the topic and go see Shen Yun when it performs in your area and see what China's dynasties were really like.
As for the call, Snowflake had some good earnings but cut its growth outlook. This is a stock that trades in these really wide $40 and $50 ranges and has a Tesla-style volatility. Nonetheless, we're down 7% in postmarket and it should dump even further than that tomorrow when the markets open.
We can tell from the long term price action that January's low was a clear stop raid, which turned around and took out two big daily pivots. It's a little early, being the very beginning of March, for a new LOY to be set, in my opinion.
But it's not too early to bear trap and liquidate longs. What I'm really looking to see is the $130 - $135 range in conjunction with the Nasdaq hitting 11,500 range. This price corresponds with the 79% retrace and is a big discount to overall range equilibrium since Snowflake dumped from its COVID pump mania highs.
Target to the upside would be $185, taking out the October pivot. Hard not to like a $50 move on a $130 stock.
You want to buy red and sell green, but this gets hard when red is followed by red and green is followed by green. All and all, I still say fade the bear hype.
When the doom really comes to these markets, it's going to catch everyone off guard. It's not going to come at a time when the Fed has slowed hiking to 0.25% and CPI is only printing 6%.
The fourth (BIG) drop is setting up nicelyNDX is overbought and is ready to drop
The momentum has turned sour
Weekly and Monthly moving averages are providing strong resistance
The pattern repeats for every drop and is repeated now
Based on models from 2001 and 2018, we are primed for the 4th drop
The 4th drop is the most significant and will easily take NDX below 10,000
I predict the final bottom will be July 2023.
Not financial advice - trade at your own risk
322 by 2/23 Palidrome (irrelevant)
This will get bought up so fast.
322 by 3/23 = initial target.
Upside targets in March if we see continuation after initial target are:
340 (most likely)
357 (possible but not counting on it)
373 (max near term target)
Breakout level in coming days is 308.24 - if it breaks that expect explosive upside directly to 320s
Intuit: Trust Your Gut 😊After it had started the ongoing descent so confidently at first, Intuit has been struggling in a sidewards movement. Now, the share should trust its gut and decide or rather intuit – pardon the pun! – to continue its journey to the south. We expect the course to drop below the support at $339.36, where it should complete wave B in green at about $303.29 before taking off again. Alternatively, Intuit could have already finished wave alt.B in green and thus climb above the resistance at $457.94 by now. We rate this alternative scenario with a probability of 38%.
AZPN Short IdeaThis is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
$TSLA chart analysis 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Nvidia Sell SignalNvidia just put in a reversal signal on the Daily chart as it hit major resistance.
This semiconductor has been a powerhouse mover and has single handily been lifting the Semis sector higher.
Now that this stock may show some near term sell pressure we could see the sector as a whole pullback.
The only thing that Im being mindful of when it comes to NVDA is that it has yet to report earnings.
As a technical analyst I'm a bit dissatisfied that Nvidia came so close to filling the technical daily gap at 230.46 but never managed to fill it which leads me to think there may be a possibility it has 1 more gasp at a rally to fill the gap before rolling over.
None the less distribution is being observed in a time when yields and dollar may be spiking again.
$NIO earnings play 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $21.31
Take profit: $27.50
Stop loss: $20
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$AERC september update 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team took the opportunity to average down on our $AERC position. We are expecting a bullish run before the end of the year, but if one happens sooner, we will of course act in our favor and do what we think is best.
4th entry: $3.60
Average PP/S: $4.8
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MSFT daimond bottomThe diamond bottom pattern is not a common formation but is considered a strong bullish reversal pattern amongst technical analysts. This bullish reversal pattern first expands from the left-hand side and then contracts into a narrower range, until price breaks out above the resistance line and completes the pattern.