Yesterday, I wrote in this article: Considering the current uptrend and the "path of least resistance" theory, I anticipate that NVDA might continue to climb on its upcoming earnings report. In the article, I mentioned that a doji candle has formed, which is an indicator of market indecision, however this also suggests that traders are closely watching the 135-140 level, which is a strong support zone. Trade the doji candle in $NVIDIA Corp(NVDA)$ on a lower timeframe (1 hour time frame). Steps for a 1-hour entry: Identify support (which is 140) Identify doji high (around 141.50) When a one-hour candle closes above doji high, this is the entry NVDA hourly chart Hit the follo

$NVIDIA Corp(NVDA)$ is scheduled to release its earnings report on November 20, 2024, after the market closes. This report will cover the fiscal quarter ending in October 2024. Based on forecasts from 14 analysts compiled by Zacks Investment Research, the consensus estimate for earnings per share (EPS) this quarter is $0.70. For comparison, the EPS reported for the same quarter last year was $0.38. In this article, I will be looking at semi-conductor ETF ( $iShares Semiconductor ETF(SOXX)$ ) on the general semiconductor stock movement. SOXX is forming a head and shoulders pattern, with the right shoulder creating a lower high compared to the head, which is a higher high. This lower high indicates weaker b

In my years of trading and investing, I’ve learned one hard rule: take profit when you can—then it’s your money. Let’s discuss the Nasdaq (NASDAQ 100). Has it broken to new highs? Yes, the price is indeed bullish. However, technically, the price is nearing the top of an equidistant channel, which often represents a supply or resistance area. While the overall trend remains up, the first critical “danger point” to watch is 20,650. This was the previous all-time high, and price must stay above this level; otherwise, it could be deemed a “wash and rinse” (also known as a fake move). A break below 20,650 would close the first gap (shown in green). There are two gaps in the Nasdaq—green and orange—created when Trump won the presidential election, causing the market to enter a state of euphoria.

Earlier in my article, I mentioned my bullish outlook on $Amazon.com(AMZN)$ due to a suspected cup and handle pattern. Now, with the price breaking out, the cup and handle pattern has officially been completed. Based on the current chart pattern—a cup and handle, which is a bullish continuation pattern—I believe the price is likely to rise. How high can the stock price go with the cup and handle pattern? First, let’s talk about how to calculate the profit target of a cup and handle pattern: Measure the Depth of the Cup: Find the distance (price difference) between the highest point (the "rim") and the lowest point (the "bottom") of the cup. Add the Depth to the Breakout Poi

I was bullish on $Tesla Motors(TSLA)$ in my earlier article. Mentioned that: Price should close firmly above $280 Predicted resistance levels are $314 and $336 After a firm close above 280, Tesla surged 30% to my predicted resistance level of $336, before closing at 328. I believe the stock price is nearing a resistance level based on two technical indicators: It is at the top of an equidistant channel. It is close to the 76.4% Fibonacci retracement. Resistance levels are supply zones and are likely to show signs of price weakness. If you would like to trade Tesla during Asia hours (before the U.S. market opens in case of a gap), Soc Gen offers US stock DLCs.

With Trump leading at the time of posting, $Tesla Motors(TSLA)$ is also climbing during Asian trading hours. In my previous article on Tesla, I noted: – Even if the price doesn’t break through initially, consolidation near the upper zone (around $265-$276) would indicate strong underlying momentum.– Another potential resistance exists near $278, a recent high. Here’s an update: 1. As predicted, the price did consolidate, though in a lower range, with a low around $240. 2. At the time of posting, pre-market trading is around $283, meaning the price has broken above the resistance level at $278, signaling strength. Looking ahead, keep an eye on Tesla for a potential cup-and-h

Last Friday, the S&P 500 Index ( $.SPX(.SPX)$ ) didn’t close the week on a strong note. Thursday saw a solid bearish candle, while on Friday, the price initially opened higher but ultimately ended the day lower. This price action could indicate profit-taking or position trimming ahead of expected market volatility due to upcoming political events. The uptrend remains intact, and minor price corrections can be healthy for the continuation of the current trend. However, last week’s close fell below a key support level of 5765, which could signal some caution. From my analysis, a much stronger support zone lies between 5597 to 5629. If the price breaks below 5597, it may signal the end of the current uptrend, potentially leading to a deeper corre

Strong iPhone sales, especially with anticipation for AI features in upcoming products, contributed to this quarter’s growth. However, $Apple(AAPL)$ highlighted challenges in the Chinese market, with some ongoing sales volatility In this previous article, I mentioned that the stock: attempted to reach its all-time high but closed with a doji formation. This doji suggests profit-taking at the highs. If the price falls below $231, this bullish breakout attempt could fail In a previous analysis, I noted that the stock attempted to reach its all-time high but closed with a doji candlestick formation, indicating profit-taking at higher levels. If the price falls below $231, th

In my earlier post on $Alphabet(GOOGL)$ $Alphabet(GOOG)$ , I noted a bullish inverted head and shoulders pattern, which often signals a potential upward move. With strong earnings and Google Cloud beating sales estimates, Alphabet shares rose 5% after hours. Today, as of this post, the stock is trading around $179.30 during Asia hours. If a trader had entered a long position in the DLC $ALPHAB 3xLongSG261006(USJW.SI)$ at the time of my previous post, the average DLC price was around $4.46. Following the post-earnings price gap up, the DLC is now trading at $5.42, representing a 21% profi

$Alphabet(GOOGL)$ $Alphabet(GOOG)$ earnings on 29 Oct 2024 after market close. Key Points to Note: 1. Breakout from All-Time High: The price recently broke its all-time high of $152 following a bullish cup and handle pattern and has now retraced close to this level (see my weekly chart for details). 2. Support and Resistance Levels: On the daily chart, support is holding at $160, with resistance at $170. The current pattern resembles an inverted head and shoulders, which often signals a potential upward move. At the time of posting, in Asian trading hours, the price is trading above last Friday’s close, around $167. What to Expect During Earnings? Let me know your thoughts in the comments! Scroll down to

Earlier in this post, I wrote that $Tesla Motors(TSLA)$ : However, a move above $240 should technically see price higher towards $265 -$270. A move above $240 could technically push the price higher, toward the $265-$270 range. Last Friday’s close at $269 now places the price within this anticipated resistance zone. Here are two positive signs for TESLA : 1. The breakout above $240 resistance was accompanied by higher volume, indicating strong buyer demand. 2. The gap from $220 to $240, created by the lukewarm Robotaxi announcement, has now closed. Fundamentally, this suggests that investors have currently moved past the Robotaxi news. What to watch now? Price is approachin

No doubt $Microsoft(MSFT)$ is still showing an uptrend. But recently price movement has been flattish. The price is now showing resistance near the previous resistance level of $435. If this level holds and the price turns downward, the current pattern is starting to resemble a bearish head and shoulders formation. However, for this reversal pattern to be confirmed, the support level at $390 must be broken. Otherwise, $390 will act as a strong support level in the ongoing uptrend. Additionally, I’ve mapped out another support level at $410. Let’s keep an eye on these levels. If you're considering trading during high-impact events like earnings, remember that with DLCs, your maximum loss is capped at your initial investment, helping to manage downs

In my earlier post on $Tesla Motors(TSLA)$ , I mentioned that the price was: 4. TSLA is currently supported by an upsloping trendline and a 62% Fibonacci retracement level around $214. $Tesla Motors(TSLA)$ reported Q3 earnings on the 23 Oct morning, rebounded from $214 and the price traded higher at around $240 now (during the time of posting). In the earlier post, I mentioned two key levels: $240 as the resistance and $200 as the support. If the price moves to $240 but fails to break through, it remains resisted. The good news is that the gap caused by the robotaxi news will be closed. However, a move above $240 should technically see price higher towards $265 -$270. What if a trader wants to hedge a l

$BABA-W(09988)$ rallied 52% in Sep 2024. Since reaching a high of 118hkd, price retraced and corrected near to 20% from its high. What are the prices that still support the stock showing a short-term uptrend? I mapped the price levels in a chart below. Support levels: 96-98 84-85 If $BABA-W(09988)$ stays above and supported by these levels, then the short-term uptrend is still intact. Note that the stock is still range-bound - probably why historical support and resistance levels are holding so well. Short-term trading consideration with DLCs: At support, long DLCs: $Alibaba 5xLongSG250904(DISW.SI)$ At resistance, short DLCs:

I've been watching Amazon.com recently as prices have been hovering near the $190 level. First, let's discuss why $190 is such an important level. Weekly chart From 2021 to 2024, $190 has acted as a key resistance level. Between late 2021 and 2022, the price fell nearly 55% from this high. $190 is a key resistance level Daily Chart $Amazon.com(AMZN)$ previous earnings on Aug 2024 saw price gapped down but soon recovered to test the $190 level again! With the upcoming earnings, the price has once again challenged the $190 level, highlighting its significance to the stock. As you know, predicting price movements during earnings is difficult. Based on the current chart pattern—a cup and handle, which is a bullish continuation pattern—I believe the pr

Last night, $Apple(AAPL)$ attempted to reach its all-time high but closed with a doji formation. This doji suggests profit-taking at the highs. Apple stock cup and handle pattern Currently, the chart pattern for $Apple(AAPL)$ shows a cup and handle—a bullish continuation pattern often seen in fundamentally strong stocks. However, the price has not yet broken out above the all-time high to complete this pattern. Bullish Scenario If the price stays above $231 (the magenta line), there’s potential for an upside breakout (Long DLC $APPLE 3xLongSG261006(MACW.SI)$ will gain if the underlying stock rises). Bearish Scenario If the price falls below $231, this bullish

Tesla Key Levels After the Robotaxi Sell-Off Resistance is at $265-$270. Support is at $200. This support is significant because it represents the neckline of an inverted head and shoulders pattern (a bullish reversal pattern) and aligns with the 200-day moving average (an important support level). Tesla strong support at $200 Supported by upsloping trendline $Tesla Motors(TSLA)$  ‌TSLA is currently supported by an upsloping trendline and a 62% Fibonacci retracement level around $214. At this moment, ‌‌$Tesla Motors (TSLA)$ ‌appears to be moving within a range, with stronger support in the $190-$200 zone. DLCs for short-term trading: ‌$TESLA 3xLongSG2610