Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

TSLA shares are up today, reacting above the 21 EMA seen on the daily chart, which, by the way, is still pointing upwards. What's more, it hasn't managed to lose support at $226, which we nailed in our last public study (the link to my previous TSLA analysis is below this post). Given the technical evidence described above, TSLA maintains bullish sentiment in the...

Nathan_The_Finance_Hydra

The SPX has reached a critical resistance area. As observed on the daily chart above, the index hit the 4,541-resistance line (black line), which was a previous top level from September. This resistance line is quite close to another key point, the 4,567, an open gap since August (yellow line), making this whole area a zone of resistance. Although the SPX showed...

Nathan_The_Finance_Hydra

NVDA has reached a critical resistance area, as evidenced by the yellow area in the chart above. Although a pullback would be plausible in this circumstance, there is no bearish chart structure suggesting a possible correction, and there is no top signal today. Since it hit the previous support at $403.11 (red line), NVDA has rallied relentlessly. So it's...

Nathan_The_Finance_Hydra Updated 

TSLA shares are down today, showing a bearish reaction right after closing their gap at $242.08, which is acting as a resistance level, as expected. The medium-term trend is up, as TSLA is recording higher highs/lows since bottoming out on October 31 at $194. In addition, it recently triggered an Inverse Head and Shoulders chart pattern after breaking through the...

Nathan_The_Finance_Hydra

• Recently, TSLA failed in breaking the resistance area around $262, which I’ve alerted on my previous TSLA analysis (link below this post); • This triggered a short-term pullback, and TSLA approached its support levels on the daily chart, namely the 21 ema and the $237 area; • This week, it did a good reaction above this support level, indicating that it wants to...

Nathan_The_Finance_Hydra

• NVDA is correcting today, however, it is still above its support line at $419.38, which was a previous top level on May; • Even if NVDA corrects to the 21 EMA on the daily chart, the trend would remain technically bullish; • The trend would reverse only if NVDA makes a new lower high/low - so far, it has been doing only higher highs/lows. Remember, trends...

Nathan_The_Finance_Hydra

• The SPX is correcting today, and it seems it is seeking the 21 ema again; • So far, it is still doing higher highs/lows, therefore, it is still a bull trend despite the recent correction; • Since it is a bull trend, any bullish reaction around a support level would be just an opportunity to buy; • SPX is still far from its main support levels, indicating that we...

Nathan_The_Finance_Hydra

• TSLA stock has just filled an open gap from October 2022; • However, although we have reached this resistance level, there’s no clear top signal indicating a correction; • So far, the trend is still bullish, as TSLA is still doing higher highs/lows and it is above the 21 ema. However, any top signal would trigger a correction to lower levels, like the 21 ema on...

Nathan_The_Finance_Hydra

• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback; • As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual); • So far, it seems this is just a pullback, as there’s no...

Nathan_The_Finance_Hydra

• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post); • Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target; • The problem is that it isn’t dropping properly. Despite the drop this...

Nathan_The_Finance_Hydra

• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember,...

Nathan_The_Finance_Hydra

• Today TSLA hit our technical target at $177.65, successfully filling the previous gap; • Now, it seems it is starting to lose momentum, but it is too soon to tell if we’ll trigger a top signal around this resistance (like a Shooting Star pattern, or maybe a Gravestone Doji?); • If yes, then a pullback is likely to happen, but as long as TSLA remains above its 21...

Nathan_The_Finance_Hydra

• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line); • So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here; • On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this...

Nathan_The_Finance_Hydra

• AAPL just reached a short-term support line on the 1h chart, around $170.93; • This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3; • So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main...

Nathan_The_Finance_Hydra

• TSLA did a powerful bottom sign just after it hit the $165 support line, the key point that I mentioned yesterday, on our previous analysis (link below this post, as usual); • Now, TSLA is trigged a short-term reversal structure, as it did a higher high/low, breaking a pivot point at $169.51, and it is above the 21 ema (which is pointing up now); • So far,...

Nathan_The_Finance_Hydra

• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart,...

Nathan_The_Finance_Hydra

• TSLA is once again reacting above our key support line at $165, which we already mentioned yesterday (the link to my previous analysis is below this post, as usual); • Only if TSLA loses the $165 we would see a sharper correction ahead, probably to fill the previous gap around $161 (yellow square); • On the daily chart, we see why the $165 is so important:...

Nathan_The_Finance_Hydra

• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next...