Many technology sectors stocks have been thrashed and dropped for at least 50 - 75% so far, the only sector that is still holding up is the Semiconductor sector, which is also holding the Nasdaq Composite Index pretty well. AMD - my all time favorite where i invested at 10 usd in 2018 and sold at 90 in 2021 , it went higher but doesnt bother me Now. The price...
Stock price of PG seems to have topped up with not much momentum moving up Retracement could be significant within next 1 year Worst case scenario - price drops to 65 - 70 before stabilizing and reversing up This is solely my analysis, not a call buy or sell.
AXP is one of the Dow30 components. If the channel is drawn correctly, topping process could be in the making. Although DJIA is still making all time high Estimated AXP can push upwards towards 185 - 190, stabilizes and retrace to ~140, and if 140 fails to support, next level is around 95 Worst case scenario will be 65 which is highly unlikely It is purely my...
AMWL made a huge plunge after massive double top This stock has been making what seems like a rounding bottom. Upside potential is around 20 -23 while if 9.5 could not support, there will be more downside Purely my analysis
EAF looks set to create smaller inverted right shoulder. If price can break above 14.5, there will be very good move towards 24 However, if price break down below 10, next downside target could be 5.6
Spotify, the famous audio streaming portal has completed a head and shoulder top However, price is sitting around the median channel line. Which is why i feel it is a 50-50 case Should neckline be broken down, next immediate level is around 198, further downside includes 160 and 120 However, if this is just another complete retracement and price begins to go...
Paypal has been one of the famous online method so far. As can be seen from the historical chart, from Jul 10 to Feb 20, it took about 7 months for a double top to form and consequently, a considerable correction happened. Now, from Feb21 - Aug21, it seems the same double top look poise to have another significant correction MACD also shows a potential bearish...
GBPAUD daily chart has completed its rounding bottom pattern that took almost a year It is now at critical junction to break to the up side or get rejected and plunge even more From chart pattern point of view, the chance of break up is higher (though not absolute). Based on chart pattern project, long target will be around 1.95 IF AND ONLY IF, price move along...
If we look to the left where i highlighted, there was a triple top that cause the collapsed of NZD previously Those triple top seems to be forming yet another resistance lately. There is a potential of yet another double top causing a slightly lesser plunge Please do your own D.D. as this is not a buy or sell call, just for research purpose
AMD has been making a potential rounding top since end of July 2020. Neckline of ~73.65 is important. If this neckline fails to hold, the next downside target will be around 55, and worst case around 42. I have no control of the timeline but it could take almost a year to hit this target in a slow dead manner This analysis is solely for educational/research purpose
USOIL showing a potential double top if oil is down, stock will correct as well First target is double top neckline of 57, if it gets more serious, 45 is the next downside target i could be wrong pls do your own due diligence
CYH has been making a series of HH and HL since breaking out of a 5 dollar resistance. After making a high of 13.7, price has make a sharp correction and if the analysis is correct, hidden bullish divergence will be in play soon potentially @nmike , i could be wrong. will follow up with this in 2-3 weeks time. This post is solely for educational purpose.
Another social media sector Stock Zillow - Z has been formulating a Head and Shoulder topping pattern In short to mid-term of 6-9 months, there is a potential larger scale retracement and in my opinion 66 plus minus 5 dollar will be the best buy zone Please do your own Due Diligence
AudJpy pair seems to be flashing a small Head and shoulder pattern if it is true, and plays out, price will need to retrace perhaps from the major neckline purple zone, lets give it 1-3 months time Not a buy or sell call just for research purpose
USDCAD had a pop up of breaking the downtrend line, high chance this is major trend reversal and next major target zone is around 1.29 - 1.30 I could be deadly wrong Not a buy or sell call
Although nothing really pans out, i suspect a potential double top for Semiconductor ETF. While lots of GOOD news such as good economic or job data, and shortage of chips should propel SMH even higher but as contrarian, i would take opposite opinion for next 3 months for a short hiatus for retracement if the double top plays out the first down side target base on...
Intel has been the lagging chip stocks amongst its peer. While chart wise, the rest have made a remarkable breaking of upside and overshot the sky limit, Intel is seemingly crawling in pathetic manner. This perhaps due to its past unproductive business model causing price to grind extremely slow However, with the CEO's revamped approach, i believe Intel is the...
Pinterest One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards. However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern. If and only if price breaks below neckline, the target price by project could be around...