MoeGH88

MoeGH88 Updated 

Hello Traders ! It seems that NASDAQ:PYPL is trying to close above the 78.6% Fibonacci retracement level at $290.73. Last Thursday on Jun 24th, NASDAQ:PYPL were able to close above, however, we didn’t have a confirmation on the next day candle! Today we have the same scenario, if it closed above $290.73 and we had a confirmation tomorrow, then I think we...

MoeGH88

Hello Traders ! First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts. This week, Home Depot is testing a strategic resistance level, represented by the yellow trendline, at around $314.90. This trendline hasn’t been broken since Sept ’18. If HD successfully closed above the trendline, then we will have...

MoeGH88

Hello traders! AMD doesn’t seem encouraging to me unless we close above the yellow trendline. Otherwise, I believe it will soon test the bottom of the channel that it happened to be the lower Bollinger band at around $74.5 before it bounces back to the 80’s. Good luck

MoeGH88

Hello traders ! First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts. General Electric is at strategic resistance/support level, which goes back to Jun 2010, at 13.27. For the short-term, GE is showing bearish signs as the weekly candle opened and closed below the strategic resistance (Yellow line) + the...

MoeGH88

Hello folks! First of all, I would like to refer you to my previous post (AAPL – End of bearish cycle) if you haven’t seen it yet. As the title says it all, I’m quite optimistic regarding NASDAQ:AAPL for number of reasons: 1. AAPL respected the trendline and the 61.8% Fibonacci level and closed above them. This was explained in my previous post. 2. AAPL...

MoeGH88

I believe that we are at the end of this bearish cycle, since we've reached a strong support (the black trendline ) which has been tested couple of times since Sept 2020 but never been broken. At this point, this trendline happens to be 61.8% Fibonacci at 119.14 (very strong support as well). Besides that, $AAPL price is testing the lower band of the...