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NASDAQ technical rebound in playAs projected (in previous idea post), the NASDAQ futures spiked down to (almost) 13K and then bounced immediately. This happened on Thursday after the open initiation of the Russia-Ukraine global event. The following day continued the recovery rally. The Weekly candlestick is now very bullish looking as there formed an intraweek ultra long tail of almost 1K index points. While technicals point to a bearish scenario overall, the NASDAQ was briefly in bear correction territory but recovered. This suggest bullishness. The Daily candlestick pattern is also rather bullish, with a similar intraday long tail and a near marubozu body engulfing, followed through by another bullish candle that closed the day (and week) at the top. The MACD has a bullish divergence that is just turning upwards in support. Fractal bullishness here. The next couple of weeks in March are indicated to be bullish, through to 14.5K, and testing 15.5K. Whether the bullish effort is sustainable through past March remains to be seen. I am optimistic for the NASDAQ into March, but weary as March wanes into April...
CME_MINI:NQ1!Long
by Auguraltrader
NVDV Important Levels To WatchLet's see how NVDA reacts to the support and resistance zones shown. It's currently struggling to move above the current resistance zone but if that breaks we can expect a move to the next resistance shown above in turquoise. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:NVDA
by rnaofs
NASDAQ under the microscopeWas just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues. In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support). That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days. Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events. I do have a date in mind though... 10 MAY 2022. Watch that date! Stay safe and well!!!
CME_MINI:NQ1!
by Auguraltrader
7
channel breakout and strong support I had already created a setup for First Solar on 29.11.2021. This was stopped out with a loss of approx. 7%. Now a new buying opportunity arises through chart analysis. On February 14, the price formed an Inverted hammer (not perfect), which often appears at the end of a downtrend. Yesterday's price formed a Hammercandle which could indicate rising prices. First Solar is just about to leave a downtrend channel. Breakouts from such long channels (over 100 days) or ranges can result in very strong price movements. The share has formed strong support at $68. Therefore, there is much to be said for a rise in the price, and good risk management is also given, as the stop loss (SL) can be set below the support zone at approx.63 $. However, I usually only set the stop loss in my mind. For me, the closing price in daily is decisive. If this closing price is below this zone, I close the trading position manually. It often happens, that the price triggers the SL intraday, only to rise again afterward. This is avoided in this way. The price has potential up to $91 (take profit 1) or even up to $109 (take profit 2). This corresponds to a ratio of 2 (TP 1) and 3.9 (TP 2). The loss would only amount to approx. 13%. The profit, however, would be 27% or 50%. Therefore, I see a good buying opportunity. What do you think? I am very grateful for feedback :) Deutsch Am 29.11.2021 hatte ich bereits ein Setup für First Solar erstellt. Dieser wurde ausgestoppt mit ca. 7 % Verlust. Nun ergibt sich eine neue Kaufgelegenheit durch Chartanalyse. Am 14. Februar bildete der Kurs einen Inverted Hammer (nicht perfekt), der oft am Ende eines Abwärtstrends auftaucht. Der gestrige Kurs bildete eine Hammercandle, welcher steigende Kurse anzeigen könnte. First Solar ist gerade dabei einen Abwärtstrendkanal zu verlassen. Ausbrüche aus solchen langen Kanälen (über 100 Tage) oder Ranges können sehr starke Kursbewegungen zur Folge haben. Die Aktie hat bei 68 $ einen starken Support gebildet. Daher spricht viel für einen Anstieg des Kurses und ein gutes Risikomanagement ist ebenfalls gegeben, da der Stopp Loss (SL) unter die Supportzone bei ca. 63 $ gesetzt werden kann. Den Stop Loss setze ich jedoch meistens nur im Gedächtnis. Für mich ist der Schlusskurs im Daily ausschlaggebend. Ist dieser Schlusskurs unter dieser Zone, schließe ich den Trade manuell. Es kommt oft vor, dass der Kurs innerhalb des Tages den SL triggert, um danach wieder zu steigen. Dies wird so vermieden. Der Kurs hat Potenzial bis 91 $ (Gewinnmitnahme 1), bzw. sogar bis 109 $ (Gewinnmitnahme 2). Dies entspricht einer Ratio von 2 (TP 1) bzw. 3.9 (TP 2). Der Verlust würde nur ca. 13 % betragen. Der Gewinn jedoch bei 27 % bzw. 50 %. Daher ergibt sich für mich eine gute Kaufgelegenheit. Was denkst du? Für Feedback bin ich sehr dankbar :)
NASDAQ:FSLRLong
by Wiesel90
QQQ Tech - Neutral, No Strong Read YetThe social inefficiency of capitalism is going to clash at some point with the technological innovations capitalism engenders and it is out of that contradiction that a more efficient way of organizing production and distribution and culture will emerge. Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value.
NASDAQ:QQQ
by noam_chom
1
AMD chart UPDATE Here's my current chart for AMD. I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom?? I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime. My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride! **Note, I have not looked at any fundamentals yet.
NASDAQ:AMD
by nicktussing77
Tech Sector Setting Up for Big Monthly Bearish PullbackWe have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little further and closes below the open of October 2021, this pattern will be upgraded from just a simple Bearish Engulfing to being a Bullish Three Line Strike visible on the Monthly Timeframe which is a very bearish pattern as One Month would have Erased the gains of the Prior 3 Months and at that point you almost have a Guarantee that the Tech Sector will see a much more Sustained Correction the Downside.
AMEX:XLKShort
by RizeSenpai
NASDAW Futures Future Sneak PeakThe NQ1! appears to have come to a significant milestone, one that has been repeated 4 times since 2006. And each time, IF you had bought into the NASDAQ / Technology ETF, it would have been significantly wonderful in the next 3-4 years. It appears that this milestone had just happened again two days ago. Now, what does this mean? I will leave that to you to decide. Maybe we can revisit this post next year and go "Wow, the fifth time..." Btw, the events are coded to present markers when certain combinations of Bollinger Bands are exceeded. ENJOY!!! PS. Sneak peak to the projections I do, marking out 19 Jan as a top and the next incoming date is there too... #justsaying
CME_MINI:NQ1!Long
by Auguraltrader
2