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Palantir: Potential inverse Head and Shoulders forming?Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59) A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and volatile. Our profit targets will be 19.99 and 23.15 Resistance: 14.86 / 17.46 / 19.99 Support: 12.42 / 10.27 / 9.74 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PLong
by Saxo
Correlation Between BTC and NDXTNumerous podcasts and other news sources suggest that there exists a strong positive correlation between BTC price and the price of tech stocks. To test this notion, I plotted the BTC closing price and the NASDAQ 100 Technology Sector (NDXT) closing price on the daily time frame. Based on visual inspection of the upper panel of the chart, there are time periods during which there exists a strong positive correlation, time periods during there exists little to no relationship, and time period during which there exists a strong negative correlation. Given in the lower panel is the Pearson correlation coefficient value over time (red, white, and red solid line), the 95% confidence interval for the correlation coefficient (boundaries of the confidence interval is given by the solid cyan lines), the lower limit of the correlation coefficient (lower limit = -1.0, white dotted line), upper limit for the correlation coefficient (upper limit = +1.0, white dotted line), and probability value (P value, yellow histogram) for the correlation coefficient. Note that the correlation coefficient is considered statistically significant (i.e., highly unlikely to be due to chance) when the P value is less than 0.05. When the correlation coefficient line is green, there is a statistically significant positive correlation between the BTC price and the NDXT price. When the correlation coefficient line is red, there is a statistically significant negative correlation between the BTC price and the NDXT price. When the correlation coefficient is white, there is no meaningful relationship between the BTC price and the NDXT price. An important caveat to note: Each Pearson’s correlation coefficient is calculated on 20 days of price data. This is not financial advice. I am not your financial advisor. This is my opinion.
BINANCE:BTCUSD
by Eightchains
2
XLK Technology Sector: Signals of DivergenceAs the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish intraday traders here-and-there based on the broader technical structure. But that is neither here nor there since the major outlook of the trends is what is most important. All that being said, signs of divergence are now signaling that this area of ‘the higher low’ (big picture) could be setting up for the next leg upward impulse movement in an effort of retesting the lower highs. Granted this will take ‘time and price’ to get to that level and coincidentally coincides with the major earnings session upon us. And I should point out the bearish side of things as well to ensure the audience has the perspective of both sides here. The downside risk is the markets heading for those March lows. Something I have been very focused on the entire month of April in my YouTube videos, Facebook posts, and postings within TradingView. All-in-all, divergence is poking its head and that should provide caution to the wind for the bears. We will keep watch and monitor the Futures Markets as well as the sector spiders and other stocks for turning points going into the economic events this week as I will notate those below. Mon, Apr 18 - 10:00am NAHB Housing Market Index - Day 1 IMF Meetings - 4:00pm FOMC Member Bullard Speaks Tue, Apr 19 - 8:30am Building Permits - Housing Starts - Day 2 IMF Meetings Wed, Apr 20 - 10:00am Existing Home Sales - Day 3 IMF Meetings - 10:30am Crude Oil Inventories - 2:00pm Beige Book Thu, Apr 21 - 8:30am Philly Fed Manufacturing Index - Unemployment Claims - 10:00am CB Leading Index - Day 4 IMF Meetings - 10:30am Natural Gas Storage - 1:00pm Fed Chair Powell Speaks Fri, Apr 22 - 9:45am Flash Manufacturing PMI - Flash Services PMI
AMEX:XLK
by bsdvs23
$PYPL Looking for a Breakout to fill Gap down from $160+ to $200Let's start with the Tech side of things: 1. Has flipped the PARSAR bullish on the daily and is about to flip it bullish on the weekly 2. Accum/Distri has begun to climb sideways and upwards on the daily and the weekly after being down since Oct last year 3. MACD is been flipped bullish on the Daily and is about to be flipped bullish on the weekly This is just a few of the technicals that have turned bullish in the last few weeks, there are several more. Analysts: 1. MoffettNathanson's Lisa Ellis raised her buy recommendation to $190 this past week 2. Deutsche Bank's Bryan Keane raised his buy recommendation to $200 Why are they Bullish? Keane met with Paypal's CFO John Rainey this past week, following which he wrote that: "Beyond new product initiatives, PYPL also stands to benefit from expanding into China later in the year (catalyst for ) as well as through increased omni-channel capabilities as it integrates card based solutions and Zettle." Zettle by PayPal is its point-of-sale solution; its maker was bought by PayPal in 2018. Ellis wrote that she believes the stock is very attractively priced, and that she " upside from the strong U.S. eBay growth (27% in 4Q21), a macro recovery in China and other international markets, and the rollout of new services, including , crypto investing, and bill payment."
NASDAQ:PYPLLong
by StockGuild
Microanalysis of the NASDAQ 4HIn a follow up analysis of the recent favourite, the NASDAQ futures NQ1!, it appears that a possible higher low above 13K has been registered and it is now consolidating below 13,360 (yellow line). Any effort above has been met with swift downdrafts (red ellipse marking the upper tails). If this continues, a breakdown below 13K is expected, and currently is expected to 12,800 target. Alternatively, a 4H close above the yellow line would signal a breakout of the consolidation zone, and affirmation of a higher low near 13K support. Technically, 60/40 skewed towards the bears. Is this the calm before the storm? Asian into European opening hours would be interesting...
CME_MINI:NQ1!
by Auguraltrader
18
PALANTIR:New Beginnings On The Horizon NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock. Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR . Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry . After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively. For the trade management It is advisable to : Close 50% of the position when the first target is hit and move the stop to the entry area . Close 25% when the second target is hit and move the stop to just below the first target area . Close the remaining 25% when the third target is hit . The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price . FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS . ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .
PLong
by manhattanstocks
2
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
sell MSFT tradeHigh probability trade for NASDAQ:MSFT stock. I recommend opening 2 positions . 1st Position with Stop loss and take profit as shown here .the 2nd position has the same stop loss but with 261 take profit , when the first position closes and hits the take profit , move the Stop loss to entry price for the second position and wait for it to hit 261 or wait for a take profit update in this post . This is a high probability trade with a great potential risk reward superior to 5 . In the markets There is never a 100% win probability .The idea is to have the odds in our favor and to be much more right than wrong .
NASDAQ:MSFTShort
by manhattanstocks
AAPL analysisIt looks like NASDAQ:AAPL is trying to come back up to break and close above the green line .If it succeeds to do so , then there is a high probability that it reaches the (200-203) area with a possible continuation towards the 210 mark , depending on how the market behaves around the 200-203 area. (The market must act with bullish strength around the 200-203 area in order to continue up to the 210 ) In fact if the market succeeds to break and close above the 210 , it would be reasonable to aim for the 255 mark as a second target . On the other hand , if the attempt(s) to close above the green area fails , then the market might go down to the red area (155-157) which if broken , has a high probability to send price downwards to around the 137.5 .
NASDAQ:AAPL
by StockAnalystPro
TESLA made its long-term bottom. $1400 Q3 target.TSLA touched last Friday both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). During the previous phase of the first 6 months of 2021, the price made a bottom when it hit this 1D MA200 - 1W M50 zone. In fact, as this chart shows, Tesla's price action since November is very similar to the first 6 months of 2021. The 1D RSI and MACD are identical, both phases made fake-outs above the 1D MA50 (blue trend-line), only to get rejected to a Lower Low. In the previous phase, the price entered into a long-term buy when the 1D MA50 broke for the second time. As long as the 1D MA200/ 1W MA50 Support Zone holds, the 1D MA50 break-out shouldn't take long to happen. With every Higher High being a 0.5 Fibonacci extension level higher since September 2020, the next target to fill is the 3.5 Fib extension. We are setting a Q3 target on Tesla at $1400. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:TSLALong
by TradingShot
2