Hello traders and investors! The key points we mentioned last week are still working very well on SPX. Today the index dropped sharply for a brief moment, but only to retest the dual-support area , made by the 21 ema and the red line at 4,429. We hit the dual-support area with astonishing precision, and now the index is bouncing back up again. Now the SPX is...
Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29....
Hello traders and investors! Yes, NVDA is behaving amazingly well recently, and I have some updates for you. In our last analysis, we identified the $ 198.80 as the key point here. Indeed, once defeated, NVDA went up for a while, but now it is correcting again, only to meet the 198.80 another time. Now, this price is supposed to work as a support for NVDA, as...
Hello traders and investors! Let’s see how WISH is doing today! First, it is interesting to notice that it did a bullish structure in the 1h chart, as it triggered the bullish pivot point at $ 10.15. Now it seems it is heading to the next resistance, the $ 10.68. This might be the beginning of a bullish reversal, but let’s remember that although we have a...
Hello traders and investors! Let’s see how AMD is doing today! Yes, AMD triggered all the sell signs we discussed in my last analysis, and we have a short-term bear trend in the 1h chart. We see a lower high, and today it did a new lower low, as it lost the support at $ 110.16. We have no signs that it’ll recover, but we have some key points that are good...
Hello traders and investors! Let’s see how AAPL is doing today! Since it lost the purple trendline , the bull trend in the 1h chart got weaker, and now it seems we have another congestion. The price is dancing around the 21 ema, and it seems it is moving erratically. However, let’s remember that this is just a sideways correction , seen in the daily chart as...
Hello traders and investors! Let’s see how SPCE is doing today! The stock is in a crystal-clear short-term bull trend , as seen in the 1h chart, because it is doing higher highs/lows . The problem is the resistance at the $ 33.90 , which seems to be giving a hard time for SPCE. Now, we are doing a pullback, as usual, and the two main supports are the 21 ema...
Hello traders and investors! Let’s see how PLUG is doing today! First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35. The resistance at $ 28.35 is quite important. It was a previous support level on June and July,...
Hello traders and investors! Let’s see how the SPX is doing today! This new record high is not a big surprise for us, as we’ve been discussing here, the trend is clearly bullish, and we have not a single pullback sign around. Let’s remember the most overlooked tenet of the Dow Theory: Trends persist, until a clear reversal occurs. What could make SPX drop...
Hello traders and investors! Let’s see how TSLA is doing today! In the 1h chart, it looks like we have a Triangle chart pattern, as evidenced by the purple lines. This is a continuation pattern (this is not a rule, though), and since the trend is bullish, an upward breakout would be natural. But, what if we break downwards? Then we will lose the 21 ema and...
Hello traders and investors! Let’s see how UBER is doing today and do another complete Multiple Time Frame Analysis (MTFA)! The stock hit a top at $ 44.64, and now it is doing a pullback. We have two good support candidates in the 1h chart, which are the 38.2 and the 61.8% Fibonacci Retracements . The 38.2% is at the 21 ema too, and the 61.8% is at the $...
Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study on it - a Multiple Time Frame Analysis ( MTFA). Since our last analysis, PLTR is doing well, as it is still accumulating , and we have some bullish signs around too, despite the apparent congestion. The 21 ema is flat, and it is useless for un, in the 1h chart, at least....
Hello traders and investors! AMD is flying, and this might be a reason for some people to get nervous – those who are in, and those who missed the opportunity. Let’s calmly analyze AMD through a technical view, and see what we can do here. First, no, it is not a good time to buy . Regardless of what AMD will do next, the Risk/Reward ratio is not good right now...
Hello traders and investors! Yes, since our last analysis, NIO has been trading around the Fibonacci Retracements we talked about last week, and it is moving accordingly to the technique. First, let’s see the 1h chart. Today, NIO dropped to the previous support at $ 44 area, and it is trying to react. Although we are under the 21 ema, the bias is slightly...
Hello traders and investors! Let’s see how the SPX is doing today! In my last video, we talked about one of the most important principles that govern technical analysis, the Principle of Polarity . It is a must-know technique for any trader that states once a resistance (support) is defeated, it’ll become a support (resistance) in the future, next time the...
Hello traders and investors! Let’s see how BABA is doing today, and do a complete Multi Time Frame Analysis (MTFA). First, in the 1h chart, we have a pivot point at $ 201.06. This pivot point can change the trend in the short and mid-term for good, if triggered, and it is the first pivot point seen in a while. What’s more, we have a purple trendline ...
Hello traders and investors! Let’s see how NVDA is doing today! We have many interesting patterns around, so, let’s talk about them. First, NVDA defeated the resistance at purple trendline, which we talked about in our last study, and it retested the $ 198, only to drop to the purple trendline again, but this time, to retest it as a support level. This is another...
Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, we have a purple trendline connecting the previous bottoms, creating a bullish bias on the short-term. However, in the mid-term, it seems AAPL is still in a congestion, and the main resistance is the $ 150, while the support levels at $ 141.62 and $ 142.56 are a floor for...