Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

Daily Chart: Trend Continuation: PLTR is maintaining its bullish momentum as evidenced by its consistent move above the 21-day EMA (blue line), which has acted as a dynamic support throughout this uptrend. The price recently pulled back but bounced back after testing the $33.13 support level, which also aligns with previous top in August. Key Support: The...

Nathan_The_Finance_Hydra

Daily Chart: Polarity Change: The previous top at $565.16, which was earlier acting as resistance, now serves as a strong support. This follows the principle of polarity in technical analysis, where resistance often transforms into support once broken. The price has successfully retested this level and bounced, affirming its significance. Price Momentum:...

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Daily Chart (Left): Double Bottom Formation: The price has formed a double bottom pattern near the $85 level, which often signifies a potential reversal point. This suggests that there might be bullish pressure accumulating at this support zone. Gap: There is a clear gap in the price action from July, which could potentially act as resistance. Gaps often...

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Daily Chart: The price has retraced to the 50% Fibonacci retracement area around $115, showing a potential area of temporary support near the 21-day EMA. This is often viewed as a significant retracement level where price can consolidate before deciding its next move. Resistance is clearly visible around $120.79, which aligns with both the 61.8% Fibonacci...

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On the daily chart (left side): NIO has broken above the previous resistance level of $4.92 with strong momentum, signaling a bullish move. This breakout occurred with a large bullish candle, suggesting strong buying pressure. The price is now approaching a significant resistance level at $5.63. It has attempted to test this level, but so far has not...

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Looking at the QQQ daily and hourly charts, a few important patterns and levels emerge. On the daily chart, QQQ has reached the key resistance level at $476.53, which corresponds to a previous high. The price has had a strong rally from the support at $448.19, showing consistent strength above the 21-day EMA. However, the area around $476.53 is critical because a...

Nathan_The_Finance_Hydra

Looking at MSFT's daily chart, the price action shows a strong upward movement recently, breaking above the key resistance level at $426.79 and reaching the next resistance at $441.48. The 21-day EMA is currently trending upward, supporting the bullish momentum. However, the price is now pulling back slightly from the $441.48 resistance level, which might indicate...

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Looking at TSLA's daily chart, the price has recently climbed back to challenge the major resistance level at $233.09 after bouncing from a rising trendline. This trendline support has played a crucial role in propelling the price higher after a period of consolidation. However, the stock faces a significant challenge at the $233 level, which was previously a...

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Looking at the daily chart of AAPL, there is a noticeable bullish reaction above the 38.2% Fibonacci retracement level, indicating that buyers have stepped in to defend this level. This suggests that there could be some bullish momentum building from this area, especially as the price begins to rise after this pullback. The 38.2% Fibonacci retracement has provided...

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Looking at the daily chart of AMD, we can observe a Bullish Harami pattern emerging just above the 61.8% Fibonacci retracement level. This formation, often seen as a reversal signal, indicates that the recent downtrend might be coming to a halt. The price bounced off the 61.8% Fibonacci level, which suggests this area is a strong support. The next significant...

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Looking at the daily chart of AVGO, we observe a hammer candlestick pattern forming after an exhaustion gap, signaling a potential reversal. This hammer, typically seen at the end of a downtrend, indicates that the sellers may be exhausted, and a reversal could be on the horizon. Additionally, the gap left behind earlier this month has been almost filled, which...

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Looking at the daily chart of SPY, we observe a clear retracement from the double top pattern formed at the all-time high (ATH) level around $565.16. The price has now pulled back to test the 38.2% Fibonacci retracement level, currently acting as a support zone at around $543.91. This level will be crucial in determining whether the price will bounce or continue...

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The daily chart of PLTR shows a strong breakout above the previous key resistance level at $29.83, which now acts as new support. The recent rally occurred after a pullback that tested the 21-day EMA, indicating a successful retest of support before the stock moved higher. The bullish momentum accelerated with a sharp rally, pushing the price towards $35,...

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Since our last study of the QQQ, the ETF has reached the support points we described earlier, and now its price is trying to stabilize, but we have yet to see a promising reaction. Looking at the daily chart for QQQ, we can see that after reaching the resistance zone near $484.43, the price has sharply declined, retracing towards the 38.2% Fibonacci level around...

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On the daily chart, after a strong rally towards the resistance level at $966.10, LLY has experienced a sharp pullback. The stock failed to break through the key resistance and showed a strong rejection at that level, indicating a potential top signal. The bearish momentum is evident as the price is heading toward a possible retracement zone. The Fibonacci...

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Since our last analysis, SMCI has lost its main support points, and is now in a strong downtrend, without much hope of reversing. On the daily chart, the stock has seen a sharp drop from the highs above $640, the previous top, and the price is currently hovering around $420. This represents a major decline, reflecting a downward trend that intensified after...

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The NVDA chart presents a clear picture of a pullback to a critical support zone. On the daily chart, we observe that after the sharp drop from the highs around $130, the price has retraced to the 61.8% Fibonacci level, near $108.50. This zone represents a key support area, as the price has bounced slightly from this level. However, the 38.2% and 50% Fibonacci...

Nathan_The_Finance_Hydra

Daily Chart (Left Side) On the daily chart, SPY has experienced a sharp decline after failing to sustain its upward momentum near the resistance level of $565.16. This pullback has brought the price back below the support level at $554.86, which previously acted as a resistance and support area. The 21-day EMA, which had been providing support, has now been...