Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• SPX is in a bull trend, doing higher high/lows in the daily chart; • In addition, it triggered an Inverted Head & Shoulders chart pattern, as evidenced by the yellow lines, and this supports the bullish sentiment; • Now the index is facing its first resistance area, made by the previous top at 3,908 (as seen in the daily chart), and by the 21 ema in the weekly...

Nathan_The_Finance_Hydra

• Since QQQ hit the previous top at $284, it corrected, and now it is back to its support level, around the 21 ema/38.2% retracement; • The trend is still bearish, and in theory, QQQ is supposed to keep dropping to the next support levels, like the 61.8% retracement; • By losing the 61.8%, there’s no other support until the $250; • However, if QQQ does a bullish...

Nathan_The_Finance_Hydra

• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC...

Nathan_The_Finance_Hydra

• SPY is doing a Shooting Star candlestick pattern today; • If triggered, this could lead us down to the next support area around 3,760, near the 21 ema; • This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13; • In this scenario, any bullish reaction above the support would be an excuse to...

Nathan_The_Finance_Hydra

• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next...

Nathan_The_Finance_Hydra

• AMZN triggered the bullish sign we discussed last week, by breaking the $117 area, and it is behaving just as we expected. As usual, the link to my last analysis is below this post; • Now that it is not in a congestion anymore, AMZN is free to seek its next resistances. Ideally, it would fill the gap at $136 in the next days – Remember, gaps work...

Nathan_The_Finance_Hydra

• QQQ did an Above the Stomach candlestick pattern just above the previous support at $268 (black line); • This candlestick pattern was triggered, and QQQ is trading at its first technical target at the 21 ema; • QQQ didn’t trigger the bullish candlestick pattern we mentioned last week, and the moment it lost the $275, it just went down to...

Nathan_The_Finance_Hydra

• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post); • It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area; • AMC will only engage in a...

Nathan_The_Finance_Hydra

• NVDA is still in a bear trend, doing lower highs/lows, while trading below the 21 ema; • In theory, the 21 ema is supposed to work as a resistance, and NVDA would perform a top sign in this area before resuming the bearish sentiment; • In this scenario, we would just head to the $115, the next support level; • However, if NVDA breaks the 21 ema, and closes a...

Nathan_The_Finance_Hydra

• TSLA is still in a clear bear trend, as it is still doing lower highs/lows; • Since our last analysis, TSLA did exactly what we expected, and it hit our first target at $265 (our Ascending Triangle target). For more details, the link to my previous post is below this analysis; • In addition, it is consistently trading below the 21 ema, which is a key resistance...

Nathan_The_Finance_Hydra

• AMC looks quite resilient since our last analysis on it; • Although it did a bottom sign last week, AMC couldn’t trigger the reversal pattern. However, the support level we mentioned at $6.80 is still working, as at any moment AMC closed a candlestick under this line; • Since it is retesting this support for the second time, this could be a Double Bottom chart...

Nathan_The_Finance_Hydra

• It seems TWTR is inside an Ascending Triangle chart pattern, between the purple trend line which connects the previous bottoms since July 12, and the black line at $44.57 which worked as support/resistance multiple times in the past; • To whatever side TWTR breaks, it’ll probably do a strong movement in sequence; • By doing an upwards breakout, the target would...

Nathan_The_Finance_Hydra

• MSFT is reacting just above a clear support level at $235.10 (dividend adjusted chart); • Although we see a strong bullish reaction, we don’t see reversal signs yet; • Would be good if MSFT close the weekly chart like this, or if we see a clear bullish reversal pattern in the daily chart before assuming it’ll reverse; • Either way, there are two open gaps...

Nathan_The_Finance_Hydra

• SPY is trying to react today, however, this reaction alone is not good enough; • SPY is still in a Descending Channel, as evidenced by the purple lines above; • Only if SPY breaks the upper trend line it’ll trigger a stronger reversal sign. As long as it doesn’t, or if it loses the lower trend line, it’ll just resume the bear trend; • If SPY is about to...

Nathan_The_Finance_Hydra

• AAPL dropped sharply last week, and it lost its previous support level at $141.92; • In theory, since it is a bearish momentum, our next stop is the support at $133; • However, today’s reaction might jeopardize this reading; • So far, AAPL is doing a bullish reaction, and if it closes above the $141.92, it’ll give the impression of a false breakout and a bear...

Nathan_The_Finance_Hydra

• AMZN is doing some range trading since September 23; • Its support is at $112.06, while its resistance is at $118.70; • The momentum is still bearish, and we don’t see any reversal pattern confirmed yet. In this case, we can assume AMZN will lose the support and seek the next target at $102 (the next support level); • Is there any chance of a reversal? Yes. By...

Nathan_The_Finance_Hydra

• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal; • Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure; • Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long...

Nathan_The_Finance_Hydra

• MU is reacting this week, but the trend is still bearish; • MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line); • Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again; • By closing above $51.30, MU will...