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$SNAP Update - Looking for Support Snapchat cleared through its channel range the other day, topping nearly $61, a pullback today seems healthy with an almost 7% move the previous day. What I am looking for next is some support on top of this ascending triangle, if price can hold above approximately $58.50 for the week, I think it will give traders yet another opportunity to enter for a move towards $70. Watch tomorrow as the closing candle green will give this further strength in the near term.
NYSE:SNAPLong
by chartxzy
$GME Update, Breakout +18% Today - Position up 40%As I predicted 2 weeks ago, GME showing parabolic momentum breaking out of its consolidation channel. Currently sitting on the resistance point of $211, which is the 38% Fibonacci retracement level, a strong close above these levels can indicate a move to the next 50% retracement level near $260 price point. Seeing a lot of resistance on the Level 2 near $211, but with this stock being Gamestop, I expect nothing short of surprise to how far this can move.
NYSE:GMELong
by chartxzy
4
$TWTR Update - Reversal ConfirmationMACD Reversal confirmed as well as increasing relative strength I believe will allow this to continue trading towards the $65 range, my first price target where I will trim position. Depending on whether it can break this channel assuming the top of the trading range is reached, I would put a second price target of near $70 if it can break above the $65 Level. Entered this one a little too early, but respected my stop loss and let it ride out for a week or so.
NYSE:TWTRLong
by chartxzy
$SNAP Update - Position Up 12%, Important Price Level & Paths An update on Snapchat from last week, we have now reached the top of the bullish pennant formation, an important level to see where the market wants to bring this in the short term. Currently sitting on the top of the pennant, representing a resistance level, watch closely today and tomorrow to see where traders want to bring this. There are two path predictions I have for the short term, a green candle closing above this pennant would give me confidence for a breakout towards $70. The second path would indicate if the top of this channel acts as resistance, meaning the market would continue to consolidate within the channel and attempt to breakout at a later date. An answer for where this will go will likely be answered by the close tomorrow.
NYSE:SNAPLong
by chartxzy
Catching the waveSometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where. Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this trade. With an upcoming quarterly report it will be worth watching how it reacts. Best of luck out there!
ASX:APXLong
by Stealthybro
1
$ICP. Internet Computer. Fairly priced?Is ICP going lower still or is this a good buy price? I'm sure I'm getting confused, but to me ICP is the same thing as investing in the internet. My basic understanding is that the internet is largely privatized, and ICP has developed a technologically superior version of the internet as we know it. It's hard for me to comprehend how this could be a bad investment. How could this possibly go bad? Does anyone know? When you read this stuff it kind of seems like it's impossible, but they have support centers in several continents, and plans to roll out for decades. If anyone has 5 million dollars they don't need to use for the next 5 years I have a great idea for you.
by emehoke
14
NASDAQ Tech Stocks Tech stocks have taken a hit after a major run up and earnings releases. As we approach the 200D MA it's a key indicator historically of big price movement. What does this mean for us? We'll likely see a big dip in tech stocks whereby they correct in order to give way to another price run up. These movements take course over a significant period of time. Price trend looks negative right now which indicates the state of the economy and would fall in line with a price movement upwards around economic recovery period starting.
NASDAQ:NDXT
by paulellison
Nasdaq 100 price projection experimentHey there! Sharing some thoughts on what's driving Nasdaq 100 price. Simple answer is Capital, but what can we see on chart? March 2020 was a volume epicenter, it's significant enough to be called a starting point. Since then, price was on the rise, but volume peaked lower and lower, especially on market sell-offs. The colored fan is projecting sentiment on market and economy. As price increase starts to slow, we're entering new zone of less positive sentiment. But anything can happen, and we might repeat a similar pattern as in summer of 2019. Let me know what you think and let's see what happens. Vova
CME_MINI:NQ1!
by VovaNapas
2
Great SHORT Opportunity!!Apple looks OVERVALUED!!! Tech is going down. People are rotating into companies that have PE multiples that make sense! Yes they have a ton of cash on hand and will be completely fine, so for most of you it might be a buying opportunity but I see this sucker going down at least -20% to -30%. That white box is a head and shoulders reversal pattern. A break below $120 would signal possible confirmation of a new downtrend. Over time it's been bouncing off the 200 day moving average so that's where I'd aim this time again.
NASDAQ:AAPLShort
by MonetaryRebel
"What If?" Wednesday - CPI and War"What If?" Wednesday: - It's still Tuesday, but I wanted to post this early. CPI: - Speculated CPI to beat expectations. - Bullish breakout of resistance, 2X ATR volatility. Yom Kippur War II: - "The Yom Kippur War, Ramadan War, or October War also known as the 1973 Arab–Israeli War, was fought from October 6 to 25, 1973, by a coalition of Arab states led by Egypt and Syria against Israel. The war took place mostly in Sinai and the Golan—occupied by Israel during the 1967 Six-Day War—with some fighting in African Egypt and northern Israel. Egypt's initial war objective was to use its military to seize a foothold on the east bank of the Suez Canal and use this to negotiate the return of the rest of Sinai." - According to Chernyaev, on November 4, 1973, Soviet leader Leonid Brezhnev said: We have offered them (the Arabs) a sensible way for so many years. But no, they wanted to fight. Fine! We gave them technology, the latest, the kind even Vietnam didn't have. They had double superiority in tanks and aircraft, triple in artillery, and in air defense and anti-tank weapons they had absolute supremacy. And what? Once again they were beaten. Once again they scrammed. Once again they screamed for us to come save them. Sadat woke me up in the middle of the night twice over the phone, "Save me!" He demanded to send Soviet troops, and immediately! No! We are not going to fight for them. - Iraq raises oil export prices to US and lowers them for Asia. - In response to U.S. support of Israel, the Arab members of OPEC, led by Saudi Arabia, decided to reduce oil production by 5% per month on October 17. On October 19, President Nixon authorized a major allocation of arms supplies and $2.2 billion in appropriations for Israel. In response, Saudi Arabia declared an embargo against the United States, later joined by other oil exporters and extended against the Netherlands and other states, causing the 1973 energy crisis . - Ship gets stuck in Suez Canal. - Colonial pipeline cyberattack. - US missile submarine in Strait of Hormuz, intercepts weapon shipment. - Israel-Palestine conflicts escalates, with Hamas firing over a hundred rockets into Tel Aviv (a tech hub)'s residential area. - Trans-Israel pipeline in Ashkelon burned. - US citizens lining up for oil, and hoarding oil in expectations of shortages. - “We’re going to make it clear to anyone collecting unemployment who is offered a suitable job they must take the job or lose their unemployment benefits.” - Joe Biden - 'But Joe, how can I get to work with no gas?' #DealWithIt I heard the military is always hiring! COVID: - Meanwhile COVID mutation rampages in India, where a large share of IT services in the US are outsourced to! This includes cybersecurity related positions. Speculation: - Energy crisis will be the first domino piece to fall. Inflationary Shock forecast: GLHF - DPT
FRED:CPIAUCSLLong
by UnknownUnicorn1043646