SMCI is in the process of bottoming out after a prolonged downtrend, as seen with a potential base formation. A breakout above its current consolidation zone could trigger a new upward leg, especially with improving volume patterns. Watching how the stock behaves around its moving averages will provide clues on the sustainability of this possible recovery.
SO is approaching a key resistance level, as shown in the chart with a horizontal consolidation pattern near the upper Bollinger Band. A breakout above this range could signal a continuation of the current uptrend, especially with increasing volume. Monitoring the stock’s movement near the trendline and its behavior around the 50-day moving average will be...
SSRM is nearing a key resistance point, highlighted by a horizontal breakout formation following a steady upward trend. A breakout above this level, with rising volume, could indicate further bullish momentum. Keeping an eye on momentum indicators and the stock’s positioning relative to the 50-day and 200-day moving averages will be critical for validating the breakout.
The S&P 500 is trading within an upward price channel, indicated by the parallel trendlines. The index is nearing a potential breakout above key resistance near 5650, where previous attempts to breach this level were rejected. The price is currently at 5638.73, with Bollinger Bands showing a squeeze, suggesting increased volatility ahead. A breakout above 5650...
NASDAQ:NVDA is currently trading within a downward sloping channel (flag)downward-sloping, approaching a key resistance level. A breakout from this consolidation could lead to a potential upward move, especially as it tests the upper boundary of the channel. Watching the volume and how the stock interacts with the moving averages will be critical in confirming...
NASDAQ:TSLA is approaching a key resistance level, with an ascending trendline supporting the price. A breakout above the current consolidation zone could lead to further upward movement, especially as the price hovers near the upper Bollinger Band. Keeping an eye on the volume and the stock's performance around the moving averages will be critical in determining...
DASH is approaching a critical breakout point at $132. The recommended trading strategy includes exiting 25% at T1 ($137) with the stop loss moved to breakeven, exiting 50% at T2 ($143) with the stop loss moved to T1, and exiting the remaining 25% at T3 ($150). The stop loss is initially set at $124 to limit potential downside. It is important to monitor the...
The S&P 500 is currently forming a symmetrical triangle pattern, signaling potential consolidation within this chart structure. The stock is likely to trade between the resistance level at 5650 and the support level at 5400 in the near term. If the index fails to hold above 5400, it may drop towards the next key support at 5300. A breakout above 5650 would suggest...
SFM is forming an ascending triangle pattern, indicating a potential bullish continuation. The price is currently consolidating around 101.68, just below the resistance level at 104.5, which is the key breakout point. The ascending triangle suggests increasing buying pressure as higher lows form, building up momentum for a possible upward move. Breakout...
The stock chart for Apple (AAPL) highlights the formation of an Ascending Triangle pattern. This is a bullish continuation pattern characterized by a rising support trendline and a horizontal resistance level, as depicted by the converging red lines. In an ascending triangle, the rising support indicates that buyers are stepping in at progressively higher levels,...
The chart for NVIDIA (NVDA) displays a classic Head and Shoulders pattern, which often signals a trend reversal. This formation consists of three distinct peaks: the first being the left shoulder, the second and highest peak as the head, and the third, slightly lower peak, forming the right shoulder. The red line in the chart represents the neckline, a critical...
TSLA chart -- key support and resistance levels
$TSLA is flagging below horizontal resistance at 710 area, which if broken in the coming days could reverse the trend...
After 6 months $SPX ($SPY) is back to pre-COVID-19 and all-time highs... $SPX daily chart below (-35% FEB-MAR, +54% MAR-AUG)
Technical analysis of $TSLA #stockchart suggests a high possibility for a short term correction... support levels annotated on the chart below:
$TSLA RSI at ~84 -- high possibility for a short term correction... Fibonacci retracement levels are annotated on the chart...
Bollinger band in $SPX $DJIA $NASDAQ suggests a period of consolidation/contraction is ahead of us.
SPX update with support and resistance levels -- loss of 3000 means likely another selling wave toward 2980, 2940... SPX 60 min chart: