Technical Analysis

Here is the place for you to discuss & learn about technical analysis.

Trend Charts: VIX, MSTR, BTC, AMD, IWM, AMD, QQQ, JPM, DKNG, TSLA, GS& SPY

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow:Is buying the lower Bollinger Band on $SPDR S&P 500 ETF Trust(SPY)$ a reliable strategy? Let's backtest it: Entry: Low of day within 1% of lower Bollinger Band Exit: +10% or -5% Over the last two years: ✅ Almost 2x buy & hold ✅ 50% win rate ✅ 2.45 R/RImage $Goldman Sachs(GS)$ moving higher in pre-market this morning after reporting Q1 earnings beat. ~EPS: $11.58 vs $8.60 est ~SALES: $14.210B vs $12.917B est ~Q1 Investment Banking Revenues up 32% ~Q1 Asset & Wealth Management Rev up 18%ImageSenior VP of Powertrain & Energy Engineering at Tesla Andrew Baglino is said the be leav
Trend Charts: VIX, MSTR, BTC, AMD, IWM, AMD, QQQ, JPM, DKNG, TSLA, GS& SPY
avatarKon How
09:45

Will Yen Continue to Sink Future?

Bank of Japan hiked interest rates for the first time in 17 years, the Japanese Yen instead of strengthening, it crashed. The Japanese economy is in the making with a higher inflation to come and a weaker yen. $Japanese Yen - main 2406(JPYmain)$ When a central bank increases its interest rate, its currency should appreciate because investors depositing their money will now earn interest. This should attract investors to buy into the yen, causing it to rise. However, the opposite has occurred since March 18th.What could be the reason the yen may continue to sink further despite potential rate hike in the future?Follow me to learn more about analysis!!https://www.facebook.com/Weipedia/?ref=page_internal
Will Yen Continue to Sink Future?
avatarpredator007
04-15 19:22
$Alphabet(GOOG)$ into major resistance at $163. A retracement is expected which could take price to $140.Mapped out in blue line our expected price movement.Would you short it at resistance? Please tell me it! Thank you!GOOG: GOOGLE into major resistance at $163. A retracement is expected
avatarskythelimit
04-15 19:19
$Alphabet(GOOG)$ has been overall bullish, trading within the rising rainbow wedge pattern.[Duh][Sly][Grin][Grin][Grin][Grin]Currently, GOOGL is in a storm 🌪/ correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support.Moreover, it is retesting a strong support zone at $128 marked in blue.🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower rainbow trendline.📚 As per my trading style:As #GOOGL is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)GOOGL: GOOGL - After every Storm, there is a Rainbow 🌈
avatarmarketpre
04-15 17:06
$Alphabet(GOOG)$ finally made new highs.[Happy][Happy][Happy]Just hit a major resistance cluster.Watching closely here, could turn.$ 157.95 - 160.24 is immediate resistance.$ 149.93 - 150.66 is first good support below.$ 202.23 - 203.89 is next major target above.GOOGL: GOOG heads up at $160: record high, possible top/pullback spot
avatarskythelimit
04-15 17:04

GOOG: What's Going on Next?

In a strategic move aimed at revolutionizing the financial landscape, $Alphabet(GOOG)$ has announced groundbreaking partnerships with three industry leaders, signaling a significant leap forward in the adoption of cutting-edge technology within the sector.At the forefront of these collaborations is Citadel Securities, a powerhouse in the capital markets arena. Building upon a seven-year relationship, Citadel Securities is poised to elevate its quantitative research platform to unprecedented heights with the aid of Google Cloud's advanced technology. With features designed to enhance performance profiling, efficiency monitoring, and research productivity, the platform promises to revolutionize trading operations, solidify
GOOG: What's Going on Next?
avatarYNWIM
04-15 16:55
$Citigroup(C)$ After an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it.Bull Case:We have a give or take 17% potential run to the upsides resistance level.Bear Case:Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run.On the other hand, these huge banks may get another program to help bail them out AND/OR they benefit largely from this rate increase/no cuts from squeezing all of the regional banks!To sum up, the possibility of bull case is higher!C: Leap this trade into next year! High Rates/No Jerome Milk Left
avatarlonglive100
04-15 16:43
$Citigroup(C)$ Again major resistance at 63.67, i all in already, sell higher in the morning is important for day trading [Smile]c, fools buy enough share and sell low, nothing we an do,they are big enough to manipulate Price, but it ia not free, Ipost support and resistance here give you guys ideas on buy sell and hold, wish everybody make money.[Sad]
avatarYNWIM
04-15 11:12
$Micron Technology(MU)$ After trading a position from support to resistance for months. We are now seeing a break above resistance. Since I played from support, I’m currently in a position. However I’m selling into strength in preparation for a retest. If it holds, I’m looking to go long for longer.[Miser][Miser][Miser]MU: MU is Moving
avatarTrendSpider
04-15 10:59

Trend Charts: SPY, TSLA, IWM, AAPL, UNH, LULU, NOC, QQQ& SNOW

Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Snowflake(SNOW)$ Insiders starting to buy in at a discount after a brutal post-earnings sell off -- including a $5M purchase from new CEO Sridhar Ramaswamy. Do we hold the higher low? Image $Invesco QQQ Trust-ETF(QQQ)$ First weekly bear MACD cross on the Nasdaq since August 2023. The last one marked the start of a ~2 month pullback. Image $Northrop Grumman(NOC)$ Given all the headlines this weekend, its probably worth watching some of these setups in the Defense sector this week. Image $Lululemon Athletica(LU
Trend Charts: SPY, TSLA, IWM, AAPL, UNH, LULU, NOC, QQQ& SNOW
avatartomthetrader1
04-15 10:23

.SPX: What's Going on Next?

$S&P 500(.SPX)$ : Last week, for the first time since July 2023 all three correction criteria were triggered. A corrective move becomes most probable. (1) The index broke its uptrend by closing below the short term moving average (2) market breadth as measured by Net New Highs, turned negative indicating more stocks made new lows than new highs and(3) momentum continues to fall apart. These three correction criteria have preceded meaningful market declines. In the scenario of a moderate decline I am speculating 7% towards 4800, and in a more severe outcome a 12% decline towards the 4500 - 4600 range. All of these decline targets create a wonderful technical retest of significant levels for the index.ImageFollow me to learn more about analysis!
.SPX: What's Going on Next?
avatarpredator007
04-15 10:12

AMD: What's Going on Next?

$Advanced Micro Devices(AMD)$ Current Price: $163.26Technical Analysis:- RSI Observation: The RSI (grey line on custom indicator) is currently at 35.08, indicating oversold conditions. Notably, there is a bullish RSI divergence (yellow lines on chart) with the price, suggesting a potential reversal to the upside.Support and Resistance Zones:- Support Zone (Purple Rectangle): Positioned around $160 to $162, this area historically attracts buying interest and may act as a catalyst for a bullish reversal.- Resistance Zone (Purple Rectangle): Located around $182 to $185, this level could be the target for a potential upward move if a bullish reversal occurs.Analysis and Strategy:The bullish RSI divergence, combined with the pr
AMD: What's Going on Next?
avatarskythelimit
04-14 22:45
$Apple(AAPL)$ looks like it will make a good move, and here are the details:The market is trading on 176.55 pivot level.My Stop Loss - 179.03Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.Target - 171.21AAPL: APPLE My Opinion! SELL!

Trend Charts: SPY, XLF, QQQ, HOOD, NVDA, AAPL, GL, AMZN, SNOW& GLD

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow:Remember this Bollinger Band long strategy on $NVIDIA Corp(NVDA)$ that took an entry last week? Still in position and cruising towards +10% take profit target.ImageWeekly C&H breakout, flag, & continue straight to the 1.618 fib extension above ATHs. $SPDR Gold Shares(GLD)$ A thing of beauty when it all comes together. 🥹Image $Snowflake(SNOW)$ storm incoming? Image $Amazon.com(AMZN)$ Blue skies breakout incoming for Amazon? Seasonality data says yes. Since IPO, the stock has a 74% win rate + a whopp
Trend Charts: SPY, XLF, QQQ, HOOD, NVDA, AAPL, GL, AMZN, SNOW& GLD

Technical Analysis on .SPX

$S&P 500(.SPX)$ The market rallied today— however under the surface the character is changing and from my perspective it is not bullish. Today marks the first time this year where breadth as measured by Net New Highs across NYSE and Nasdaq markets recorded as negative for back to back sessions. Breadth as a stand alone measure is insufficient. When paired with trend and momentum it becomes more meaningful. The uptrend is faltering, momentum is subtly fading, and breadth is negative.Follow me to learn more about analysis!!https://twitter.com/tomthetrader1
Technical Analysis on .SPX

Swing Ideas [1]: F 14C (Expiry: 3rd May)

Hi everyone. I am going to start a series on swing trading, exclusively on this platform. I think this caters more to traders over investors. We’ll be looking at a trade setup on Ford (NYSE: F) today: It is currently trading in a multi-day falling wedge pattern on the daily. Let’s zoom in and see the trend on the lower timeframes, since the big picture tells me that F is consolidating over 13.03 support. On the 2h timeframe, notice divergences forming on F. There’s a hidden bullish divergence, that is swiftly followed by a regular bullish divergence. This validates the falling wedge lower trendline - it is now likely we will see a push back up towards 13.60s over the next few sessions. Whether we break out or not in the same session is up for debate. But given that the range is fast tig
Swing Ideas [1]: F 14C (Expiry: 3rd May)

Trend Charts: AAPL, BABA, TSLA, QQQ, COST, BA, AMZN, COST, IWM, AMD, SPY& RBLX

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow:Well that escalated quickly... $Roblox Corporation(RBLX)$ already 🟢 +3.60% in pre-marketImageS&P 500 Futures just took out the prior week's low, last down -1.40% 🩸 $E-mini S&P 500 - main 2406(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$ ImageYikes. $Advanced Micro Devices(AMD)$ Tight flag below key support starting to break lower in pre-market this morning. 📉Image $iShares Russell 2000 ETF(IWM)$ Gapped down through wedge support & 50 SMA, but holding o
Trend Charts: AAPL, BABA, TSLA, QQQ, COST, BA, AMZN, COST, IWM, AMD, SPY& RBLX

Technical Analysis on .SPX

$S&P 500(.SPX)$ thoughts: Pending any surprise intraday change in direction the market is set to activate all three of my correction criteria for the first time since July 2023.It was 3950-4100 as my target. I closed my short on the 26th and posted price was “close enough” to end the trade.3/3 correction criteria on 🚨 🚨 🚨 I think the S&P 500 is set for a corrective move to 4800, and more likely 4500-4600. Hibernation season is over.Image
Technical Analysis on .SPX
avatarsadsam
04-10
$NVIDIA Corp(NVDA)$ According to the chart, on Apr 4, when the candlestick formed the Red Marubozu and two days later it failed to go above 50% of the red Marubozu, this is a good setup for the stock to go down again. However, today formed a green hammer candle which shows a strong move up to $920 then 948 before earning[Happy][Happy][Happy]. Good luck everyone including shorts and bashers for fast recovery in the past days but the time is limited and stop shorting the stock until earnings.

AUUD: What's Going on Next?

In a dramatic turn of events, $Auddia Inc.(AUUD)$ experienced a meteoric surge of 200% following the groundbreaking announcement of the issuance of its core AI patent by the U.S. Patent and Trademark Office (USPTO). The patent, numbered 11,935,520, underscores Auddia's pivotal role in revolutionizing the audio industry with its proprietary AI platform, marking a significant milestone in the company's journey towards redefining how consumers engage with audio content.The patented technology, integral to Auddia's flagship faidr app, enables the delivery of ad-free AM/FM radio stations to paid subscribers, thereby enhancing the overall listening experience. Jeff Thramann, Executive Chairman of Auddia, expressed his excitemen
AUUD: What's Going on Next?