• 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,...
• Since our last analysis on AMZN, we nailed the top on it, thanks to our Multi Time Frame Analysis (MTFA) in the 1h and D charts (link to our previous analysis below this post, as usual); • Now, AMZN is in a bear trend in both, 1h and D charts. In theory, it is supposed to fill gap at $86.82; • Only if AMZN does a strong bullish reaction, and breaks the 21 ema...
• The index is trading inside a short-term congestion in the 1h chart. Although this indicates weakness, it is not a bearish sign; • Since our previous analysis, the index lost its previous support, however, it couldn’t drop to the 3,900 area again, which reinforces the idea that it is just weak, not necessarily bearish; • Now, the 21 ema is flat, and the SPX is...
• NVDA is still incredibly bullish, as it is still doing higher highs/lows and it even broke the resistance we mentioned a few weeks ago (link to my previous analysis below this post); • However, in the past few days NVDA is doing a pullback, which doesn’t mean bearish reversal, but it is showing weakness and it is supposed to retest its support levels; • The...
• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern; • Since last week, NIO has been dropping while the volume was low, a sign of weakness; • If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8; • In...
• The index is losing strength this morning, and if it loses the purple trend line in the 1h chart, this might be a sign that it wants to seek the next support level again, around 3,906; • In order to avoid a sharper correction, SPX must react and break the 3,980 as soon as possible – however, there’s no bullish evidence to sustain this idea for now; • The 3,906...
• AMD is stabilizing in a resistance area, as seen in the weekly chart; • However, the trend is still bullish, as AMD is still doing higher highs/lows; • From the previous top to the previous bottom at $70.16, AMD corrected nearly $10; • It is important to notice that the $70.16 (red line) is very close to the 1st retracement at 38.2%; • If AMD loses the 38.2%,...
• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual; • Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect; • By losing...
• Since the SPX hit our target at 3,911, it did a bottom sign, indicating that it wants to resume the bull trend (link to my previous analysis below this post); • In the daily chart, there are two gaps, one above the price, and other beneath it; • Since the index is doing a bottom, in theory, it would keep climbing until it fills the gap above 4k; • For the index...
• Today, SPX hit our target at 3,911, as we described yesterday (the link to my previous public analysis is below this post); • So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema; • The volume is still low, which reinforces the idea of a correction; • Any bullish reaction near any...
• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual); • Now SOFI is correcting along with the indices, therefore, this is a systemic correction; • We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom...
• Since OXY found a top around $76 (red line), it triggered a sharp correction to its Fibonacci’s Retracements; • There’s still a chance OXY will remain bullish, and break the previous top, however, it must react as soon as possible around the retracements; • The key point seems to be the 61.8%, which did a very good job holding the price a few days ago (Nov 09),...
• The index is stabilizing today, showing some weakness. This could be a possible top sign, but there’s no confirmation yet; • From my perspective, the index has to lose the area around 3,950 in order to do a decent correction, otherwise, it’ll just keep moving sideways for a while, before resuming the bull trend; • If it triggers a pullback, our support levels...
• Since our previous post, AAPL did everything it should do, as we expected, filling our last gap, and it hit our key resistance at $152 before doing a top sign yesterday (the link to my previous analysis is below this post, as usual); • Now, this might indicate a correction, and in this scenario, the Fibonacci’s Retracements are the next support levels to work...
• Since our last analysis on AMC (link below this post), it did a powerful around our support level at $5.47. In fact, AMC did a classic false breakout after earnings, just to squeeze the bears in a bear trap; • Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the...
• Since our last analysis, TSLA hit our target around $179 with an astonishing precision, and now it seems it wants to bounce again (the link to my previous analysis is below this post, as usual); • In the 1h chart, it seems TSLA is in a bull trend, as it is doing higher highs/lows, and it triggered an IH&S chart pattern as well. However, I noticed recently that...
• The SPX is still in a bull trend, despite the bearish candlestick pattern from yesterday – A Shooting Star; • The SPX couldn’t trigger the pattern yet, as the 21 ema in the 1h chart did a good job holding the price yesterday - therefore, our target at 4,119 is still valid; • However, there’s still a chance it’ll trigger a top sign if it loses the 21 ema in the...
• AMZN is in a very curious price area; • In the 1h chart, the trend is bullish, as AMZN is doing higher highs/lows, trading above its 21 ema, and it recently broke another resistance at $97; • Now, AMZN is doing a pullback to this dual-support level (21 ema+$97); • However, in the daily chart, AMZN is still in a bear trend, as it is doing lower highs/lows, and...