Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• TSLA is trying to break the $123 area. If it confirms, this could trigger a rally to higher levels; • Remember, a rally doesn’t mean bullish reversal. It could be, but in this case, it is too soon to tell; • TSLA is breaking free from our Trap Zone, which we described in more details on our previous study on TSLA (link below this post); • This breakout is...

Nathan_The_Finance_Hydra

• Everything is going as planned on AAPL, since our last study on it (link below this post); • AAPL is heading to our target around the $137 - $138 area, which we set last week, and there’s no top sign on it yet; • Even if AAPL corrects, in order for it to do a clear top sign would be important to lose the 38.2% retracement again, along with the 21 ema – this...

Nathan_The_Finance_Hydra

• Today, we see SPY and futures dropping this morning, a prelude of a correction; • This isn’t a big surprise, but we’ll have to update a few key points that we mentioned in our previous study, yesterday (link below this post); • In theory, the index could correct up to its 21 ema, and the bull trend would still be intact, the problem is that the futures already...

Nathan_The_Finance_Hydra

• TSLA is about to correct today, however, we have yet to see a true breakout from our Trap Zone, which we analyzed in details on my previous public study on TSLA yesterday (link below this post, as usual); • Short-term speaking, if TSLA loses the 38.2% retracement, the next technical support is the 61.8% retracement. Usually, when TSLA finds a support at the...

Nathan_The_Finance_Hydra

• TSLA is still trading inside a “Trap Zone”, between the support level at the 21 EMA, and the resistance level under $123. Since the 21 EMA keeps climbing, it’ll squeeze the price in a tighter range as time passes, and soon, it’ll have to do a breakout; • If TSLA does a downwards breakout, and loses the 21 ema, probably it will seek the 61.8% Fibonacci’s...

Nathan_The_Finance_Hydra

• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA; • Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout; • This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our...

Nathan_The_Finance_Hydra

• Despite the Shooting Star from yesterday, it seems the SPX found a strong support level at the 21 ema; • As stated yesterday, on my previous public analysis on SPX (link below), this movement could be just a pullback to the 21 ema, just to resume the bull trend again; • Therefore, the 21 ema is our key support level, and only if the index loses it, we would see...

Nathan_The_Finance_Hydra

• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction...

Nathan_The_Finance_Hydra

• Yesterday, the SPX broke the resistance at 3,911 for a brief moment, but by the end of the day, it lost momentum, couldn’t close above it, and it did a Shooting Star candlestick pattern; • This could be just a pullback to the 21 EMA, but the fact it found a resistance at 3,911 again it is not good for the bulls; • We warned about this on my previous SPX analysis...

Nathan_The_Finance_Hydra

• TSLA did a powerful reaction last Friday, and it seems it wants to continue the bounce, but it is stabilizing under the $120; • TSLA broke our short-term resistances, which we studies in details on my previous analysis (link below this post); • If it loses momentum, TSLA will most likely seek the $110 again, at least, as the trend is still bearish, and the...

Nathan_The_Finance_Hydra

• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to...

Nathan_The_Finance_Hydra

• AAPL is reacting above a key support level; • In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL; • The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138; • In the daily chart, there’s no...

Nathan_The_Finance_Hydra

• After we nailed the target at the 61.8% retracement on NVDA, it did trigger our Hammer candlestick pattern, and it seems it wants to reverse the trend; • In the weekly chart, everything is going according to the plan, as it broke the 21 EMA, and it is doing another bullish candlestick pattern – The link to my previous analysis is below this post, as...

Nathan_The_Finance_Hydra

• TSLA is still in a clear bear trend, doing lower highs/lows, trading below the 21 EMA; • What’s more, there’s a trend line connecting the previous top levels on TSLA since Dec 09 (1h chart); • The key support is $104. Although TSLA lost this support for a brief moment today, if it closes above it again it might avoid a further correction for now; • We mentioned...

Nathan_The_Finance_Hydra

• NIO is in a short-term bear trend, but it just hit a support level, and it is reacting; • The support at $9.53 (red line) is our key point. This is the third time NIO hit this line, and in order to resume the bear trend, it has to break it as soon as possible; • If NIO bounces again, there’s a clear resistance level around the purple line – a trend line...

Nathan_The_Finance_Hydra

• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear...

Nathan_The_Finance_Hydra

• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110; • This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered; • This indicates that the trend is still bearish,...

Nathan_The_Finance_Hydra

• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal...