• AAPL did everything we expected it would do: Hit our target; Did a bottom at the 61.8% retracement; And it exploded afterwards – The link to my previous public analysis is below this post, as usual; • The purple trend line in the 1h chart is working as a key resistance on AAPL, and it has to break it in order to reverse the bearish bias and seek the next target:...
• SOFI is trying to react, after doing a new all-time low; • The key point is $4.82, as this price did work as a support level multiple times this year, and it seems it is working as a resistance on SOFI this week; • SOFI must break the $4.82 as soon as possible, as if it takes too long, it might lose momentum and seek new historical lows; • By breaking $4.82, the...
• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered); • As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual; • As we already...
• The index did exactly what we described yesterday, as we nailed another support level on the index, at 4,028 (it hit 4,026, but we aren’t that perfectionists). The link to my previous analysis is below this post, as usual; • Now the index is trying to react, and the 4,028 is just where the 21 ema is (1h chart); • It is losing strength, but if it closes above the...
• NVDA is incredibly bullish, as it is still doing higher highs/lows, trading consistently above the 21 ema, and there’s not a single top sign on it; • However, we must pay attention to some key points. First is the black line at $170, which is a key resistance for NVDA; • Only by breaking the $170, NVDA will resume the bullish momentum and seek the next target at...
• Yes, we nailed another target on TSLA! Since it broke our key point at $185, it went straight to our $198 – The link to my previous public analysis on TSLA, when I set this target, is below this post, as usual; • In the 1h chart, TSLA did a bullish pivot point just above the $179, which seems to be another key support level; • In addition, TSLA is finally above...
• Since our last analysis, the SPX did a great reaction, just above the key support we mentioned yesterday at 3,937 – a Double Bottom chart pattern; • By the moment it broke our key resistance area made by the 21 ema (1h chart) + 3,980, it exploded – the link to my previous analysis is below this post, as always; • Now, the index filled its last gap at 4,083,...
• AMZN is in a congestion, as seen in the 1h chart, trading between the black lines as shown above, while the 21 ema is completely flat; • As long as AMZN remains inside this congestion, hardly we would see something new, however, any breakout could be interesting; • By losing the support around $90s, AMZN has a target at the gap (red line at $86.82); • On the...
• QQQ is trading around a key support level, made by the 38.2% Fibonacci’s Retracement + 21 ema; • If QQQ loses this dual-support level, the momentum might be strong enough to make it retest the 61.8% around $272; • In addition, if this scenario materializes, QQQ would do a bearish structure (lower high/low), indicating that the bear trend will persist a little...
• Since it hit our first target, the index keeps falling, as there is no bullish structure to make it reverse in the short-term; • Only if it breaks the 21 ema (1h), along with the 3,980, we might see a bullish sign; • In the 1h chart, it is still trading below the 21 ema, doing lower highs/lows; • In theory, it is seeking the 21 ema in the daily chart, which is...
• GOOG is trading around its support level at $94.41 (yellow line); • By losing this support level, GOOG would seek the gap around $89; • In addition, we see a lower high, followed by decreasing volume, indicating weakness; • GOOG would need to do a very good reaction above its support level in order to avoid a further drop – so far, there’s no bullish...
• Since our last analysis, AMC has been respecting the 38.2% retracement. It hit the retracement at least 5 times in the past two weeks; • Originally, I thought the 50% was the most powerful support (after all, it is a dual-support level), but the 38.2% is a dual support level too, as the 21 ema finally got there; • This is a classic time correction, when the...
• AAPL is doing an important reaction above the 50% Fibonacci’s Retracement; • Since it lost our support at 38.2%, I thought it would seek the 61.8%, however, the 50% is surprisingly strong. The link to my last analysis on AAPL is below this post, as usual; • There’s still a chance that it’ll seek the 61.8%, as there’s no bottom sign confirmed on AAPL yet, but...
• The index hit our short-term target, the support at 3,980, as we mentioned yesterday, and it broke it downwards. The link to my previous analysis is below this post, as usual; • Now, the trend is bearish in the 1h chart, as it did a lower low, and it is below the 21 ema. In theory, it’ll seek the 21 ema in the daily chart next, or maybe the 3,900 area; • What...
• TSLA is in a critical situation, as it is between key support/resistance levels; • Since our last study, TSLA did a false breakout from the $177, which gives me the impression that it will retest the next resistance in the daily chart, which could be the 21 ema or the $198. Either way, TSLA is supposed to bounce a little bit further; • However, in order to do...
• Since our last study, the index has done exactly as we planned. It broke our key point at 3,980 and it resumed the trend all the way up to the next resistance. The link to my previous public analysis is below this post; • However, the resistance at 4,028 seems to be a strong one. Naturally, the index is correcting. The question is how far can it drop? • If the...
• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it...
• Since our previous analysis, AAPL has been trading above a key support level, around the $147 (link to my previous analysis is below this post); • The $147 is a multiple bottom area, as seen in the 1h chart, while it is the 21 ema in the daily chart, slightly above the 38.2% retracement; • Therefore, the $147 is the most important support level, in my reading,...