Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

On the daily chart, a series of gaps show intense selling pressure. The downward trajectory and the pattern of lower highs/lows suggests sustained bearish sentiment. However, a significant gap was closed recently, at 487.21, followed by a slight bullish reaction indicating some buying interest at lower levels. The problem is that the trend is still bearish, as...

Nathan_The_Finance_Hydra

The daily chart displays a recent challenge at the main mid-term resistance level around $233.09, where the stock has struggled to maintain upward momentum, marking this as a significant resistance zone, which was a previous support level, another example of the Principle of Polarity in Technical Analaysis. This resistance, coupled with multiple rejections at...

Nathan_The_Finance_Hydra

On the daily chart, the stock experienced a notable downward breakout, moving sharply below a confluence of trendlines that had previously served as support. This breakout is significant as it suggests a strong bearish momentum, possibly indicating a shift in investor sentiment. The price is below the 21-day EMA, and there is no bottom signal on it yet. In our...

Nathan_The_Finance_Hydra

The chart analysis for AMD reveals a complex interplay of support and resistance levels on both daily and weekly timeframes, suggesting key trends and potential pivot points for the stock. Starting with the daily chart, AMD has shown resilience at specific support levels, particularly around the 153.49 mark, which has acted as both a gap support and a critical...

Nathan_The_Finance_Hydra

On the daily chart, we see a bearish pivot point, which suggests a potential shift in the trend after an upward movement - if triggered. This pivot point will be triggered if the price closes below the 25.42 level, indicating increased selling pressure. The 21-day EMA, currently at 27.00, acted as a dynamic resistance during this decline, further validating the...

Nathan_The_Finance_Hydra

The SPY chart presents an interesting mix of price action and technical signals. On the daily chart, the ETF recently encountered resistance around the 565.16 level, which is marked by an all-time high. Now, it is in a bear trend, as the price is making LH/LLs, while it trades below the 21 EMA. Its next technical support is the $537.01, and in the lack of...

Nathan_The_Finance_Hydra

As we warned in our last study, resistance at 265 was extremely dangerous, and prevented the uptrend from persisting. In addition, TSLA's price lost critical support levels, which reversed the trend in the short term, materializing the pullback on the daily chart that I mentioned in my last public study here on Tradingview, the link to which is below this...

Nathan_The_Finance_Hydra Updated 

The chart for MU displays a significant head and shoulders pattern on the daily timeframe, a classic technical formation that often precedes a reversal. The left shoulder formed in mid-May, followed by a peak to create the head in mid-June, and the right shoulder developed by early July. This pattern suggests a potential reversal in the prevailing uptrend. The...

Nathan_The_Finance_Hydra Updated 

MARA shows a critical setup on its daily chart, highlighting a notable triple support area made by the 22.82 level, the 21-day EMA, and a gap support at 20.92, creating a robust support zone. Recently, the price bounced strongly from this area, leading to a significant upward move, demonstrating the support's strength and market confidence in this level. On the...

Nathan_The_Finance_Hydra Updated 

On the daily chart, AAPL exhibits a clear upward trend supported by the 21-day EMA, which stands around 221. This moving average has provided a robust support level throughout the recent price action. The stock recently tested this level near 220.20, which acts as a double support comprising the 21-day EMA and a horizontal support line. This confluence of support...

Nathan_The_Finance_Hydra Updated 

The PLTR chart indicates a notable bullish trend across both the daily (1D) and weekly (1W) timeframes, with key levels of support and resistance that will play critical roles in the stock's future price movements. On the daily chart, PLTR has shown a strong upward movement since early February 2024. The price has consistently stayed above the 21-day EMA,...

Nathan_The_Finance_Hydra

The SPY chart exhibits some key technical aspects worth noting. On the daily chart, the price action has recently tested the double support area around the 21-day EMA and the 550 level. This confluence of support has provided a temporary floor, allowing the price to bounce back. However, if SPY misses this key support level in the future, it'll officially trigger...

Nathan_The_Finance_Hydra

On the daily chart, the price has recently found support at the 61.8% Fibonacci retracement level, calculated from its previous significant swing low to high. This level, often regarded as a golden ratio in technical analysis, has seen a bullish reaction, indicating buyers stepping in. The price is now hovering around the 50% retracement level, and the 21-day EMA...

Nathan_The_Finance_Hydra

On the daily chart, the price has encountered significant resistance near the 14.83 level, which is the gap resistance seen on the weekly chart. A shooting star candlestick pattern has formed at this resistance level, indicating potential exhaustion in the upward momentum. This is further corroborated by the price's inability to sustain its gains above this...

Nathan_The_Finance_Hydra

MSTR is demonstrating significant bullish momentum as observed on both the daily and weekly charts. On the daily chart, MSTR has recently broken out above the critical resistance level of 1740.00. This breakout is supported by the ascending trendline that has been in place since early May, providing a clear upward trajectory for the price. The 21-day EMA,...

Nathan_The_Finance_Hydra

On the daily chart, QQQ has established a critical support line at 476.26. This support level has held the price in the past, making it a key level to watch now. The recent price action shows a pullback from recent highs, testing this support line. The 21-day EMA was lost, and now it is a resistance level. To reverse the mid-term bearish sentiment, the QQQ needs...

Nathan_The_Finance_Hydra

AVGO presents an interesting setup on its daily chart, where the price recently encountered a bearish pivot point. This point is marked by a descending trend line and a notable rejection from the highs around 180. The stock has retraced to test the support area near 156.40, which aligns with a previous support zone. The bearish pivot point indicates potential...

Nathan_The_Finance_Hydra

The chart for NVDA reveals key levels and patterns that that could change the game for it. On the daily chart, NVDA is currently trading within a defined range, with resistance around $140.76 and support near $118.04, between the ATH and its key support level. This consolidation phase comes after a strong uptrend, suggesting the market is taking a breather before...