NASDAQ:NVDA is looking weak as per my analysis as the price shows a potential bearish H&S pattern with multiple confirmations. Weekly candles is heavily rejected from the 50 moving average and Daily EMAs have finally closed below all 50, 100 and 200 DMA. On top of this RSI shows momentum weakness which solidifies my short trade idea for $NASDAQ:NVDA. Would like...
With the recent recovery from NASDAQ:NDX from in the last 2-3 days, i would like to go long if NASDAQ:NDX breaks out from its trendline.
NASDAQ:NFLX is an attractive option as i believe we can get a 1:2.5 approx long trade here with a possible 16% upside. Since last year we have seen a higher high higher low trend which is again trsting its new higher low...
Apple is currently at a very good point where we can see that if we zoom out, Apple is at the monthly and weekly major pivot point. AAPL has already tested the support twice and future tests would only increase the probability of going short more. I advise going short only below the double-bottom low and initiating longs above the resistance trend line.
