$Alibaba(09988)$$Alibaba(BABA)$A simple analogy on Baba 1 year daily chartokok, at least from Jun 2021 (not marked) Baba has been challenging the 50EMA as arrow pointed but fails and dump lower time after time until 16 Mar 2022 onwards, average 80s to 150s of million shares transacted (or make it simple average 100 million) to simply put at an average price of $100 That's 10,000 million (10 billion ??) turnover! Who the hell able to chunk such HUGH transactions consistantly for many days and not just one single day ?? But well, it fails to hold and fell again (this time without breaking prior low) on 8 Jun 2022, once again the super heavy volume returns (90 million!)
$AMTD Digital Inc.(HKD)$$GameStop(GME)$AMTD vs GME, they have similar movesGME Initial Meme stage that breaks All Time High after High1. crazy UP move in two weeks (Jan 2021)2. collapse > 90% thereafter (Feb 2021)3. another UP thrust that follows (late Feb 2021) and gradually ended in Mar 2021 (though it remained volatile throughout the rest of the year)Back to AMTD (and YES! only if you think the moves very similar)1. GOD move in two weeks (Jul 2022 initial IPO trading)2. collapse > 90% thereafter (Aug-Sep 2022)3. another UP thrust that follows (currently in progress)The ONLY significant difference between them - VolumeAMTD is thinly traded as opposed to GMEResist - $800 ~ $1000 (multi-bagger!)Suppor
$NVIDIA Corp(NVDA)$A simple Technical Analysis on NVDA weekly chart1. steep downtrend putting in Parallel channel (actually can ignore the lower channel line if you want)2. steep falling 20 SMA (simple moving average). Check how share price react when SMA was falling steep, and when SMA turned flat, as well as how long the whole "process" lasted as an estimate (before the next major move happens)From Volume Profile, immediately $125 ~ $136 appears to be a support zone (much more volume traded than surrounding yellow/blue & red/blue barsIf this support fails, then the stock could drop back along $70+/- (the next most volume traded area)If you find this analysis helpful, please like and comment. Thank you[love you]
$COSCO SHIP HOLD(01919)$Cosco Shipping Monthly log scale chartStock is approaching End of Run1. the last Super Bull Run was back in Nov 2006 and ended Oct 20072. the current Super Bull Run begins Jul 2020 and probably already ended Jul 20213. 14 years apart, not many investors can experience once or twice in their trading lifetime4. main point in this chart - share price has crossed below 20 SMA (Simple Moving Average)The current situation could be a repeat of Aug 2008 (sharp fall) or a delayed scenario like Nov 2010. Very scary, but it might turn out to be true.If you think this analysis is useful, please like and comment, thanks[love you]
$Ford(F)$ $General Motors(GM)$ $Tata Motors(TTM)$ Ford Weekly Chart [$11.36] - possible bearish symmetrical breakout Selling volume increasing, not a good sight as well. Support - $9.00 +/- Resist - $13.50 5 years Volume Profile POC (purple horizontal), most volume traded along $9.00 If you like the above analysis, kindly reply and like [Love you]
$Tesla Motors(TSLA)$Tesla (TSLA) Monthly chart log-scale This will make Tesla chart going "smooth" (ignore lots of noise) Since 2010, there are 3 occasions with Top-ceiling consolidation (flat top) before the next Bull Run (Super bull in 2013 & 2020) - Monthly RSI never goes below 40 (except May 2019) - Range-bound trade for >24 months (2 damn long years!!!) At very best, Tesla probably repeating the same 20++ months "process" ($200+ to $380+) But if monthly RSI hit below 40, Tesla might go into a prolong downtrend Of course for those really looking at a timeframe more than 5 years and have lots of cash to hold, you can ignore this chart[Heart]
$SPDR S&P 500 ETF Trust(SPY)$SPY Daily chart [$393.10], ETF could drop to $3551. main downtrend constructed based on three peaks as shown (red arrows)2. parallel projected lower channel drawn, connecting 2 troughs (black arrows)3. a similar move spotted back in Apr where share price rebounded to briefly touch 20 SMA (Simple Moving Average) and hammered much lower4. at the momemt, share price rebounded and touches 20 SMA, and gap down yesterday on similar heavy volume (123 million vs 132 million on previous occasion)Increased in selling volume, together with a near full sell-down bar, and a hugh -4.35% drop which have not seen throughout the past one year (visually check) , more downside is likely to be expected.Resist
$Visa(V)$$MasterCard(MA)$Digital payment stocks, Visa & Mastercard both having a "Big Headache" On weekly chart: - both gap down, closing down -4% & -7% respectively - both sell off on increased volume - both break down from right shoulder Rough road ahead, expecting another 15~20% downside
$Coinbase Global, Inc.(COIN)$Bitcoin going back to 12500pt, simplified with Weekly chart.A dead cat bounce is a temporary, short-lived recovery of asset prices from a prolonged decline or a bear market that is followed by the continuation of the downtrend. (Abstract from Investopedia)1. Point A - bearish pennant (dead cat bounce)2. Point B - bearish pennant (dead cat bounce)3. Point C - potential bearish pennant?As of now, it looks like another dead cat bounce is on the way, smashing below 19000 would bring it down back to 12500pt, a level not seen since Oct 2020$Riot Blockchain, Inc.(RIOT)$$Marathon Digital Holdings Inc(MARA)$ If you fi
$Tiger Brokers(TIGR)$$NIO Inc.(NIO)$A simple Technical Analysis on NIO weekly chart1. observed that 20 SMA (simple moving average) has once again turned flat (previous occured around Jul~Oct 2022 (red arrows)2. caused by share price crossing up & down the SMA, abid on lower volatility as compared to previous3. a major downtrend trendline exist throughtout way back Jan 2021From Volume Profile, most volume traded between $12.40 ~ $23 (visual estimation). Expect share price to consollidate between this range before the next major moveSupport - $12.40Resist - $23.00
$Docusign(DOCU)$ Docusign Daily Chart [$55.75] - Bullish Flag 1. Stock Gap-Up and broke a 6-month downtrend with high volume on 9/12/22. 2. The rally went further with another Gap-Up to form a bullish Double-Bottom. 3. Share price pullback below neckline ($54) over past two weeks, amid on lower volume 4. Yesterday's 5.6% jump breaks short-term bullish flag Support - $51.50 (bullish view void condition) Target - $65 (along Sep High) If you like the above analysis, kindly reply and like [Love you] @Daily_Discussion @TigerStars
$Alphabet(GOOG)$$Alphabet(GOOGL)$Weekly chart, Bearish Flag heading down to $901. previous bearish flag formed between Jan~Apr 20222. currently, another bearish flag is potentially forming as shown3. share price continues to pressure below 20 SMA (Simple Moving Average)Support - $90 (20% downside, 61.8% Fibonacci retracement level)Resist - $117 (approximate)If you find this analysis helpful, please like and comment[Heart]
$Flywire Corp.(FLYW)$ Daily Chart [$24.47] - minor trendline breakout - green volume improved Initial Target - $28.00 Support - $22.00 If you like the above analysis, kindly reply and like [Love you] @TigerStars @CaptainTiger
$CHALCO(02600)$Double Bottom breakoutAluminium Corp Daily chart1. 2.5 months double bottom breakout formed, neckline along $3.152. Up volumes (green) are generally higher than Sell volumes (red), suggesting buyers are coming back for bargain huntingPotential upside/resist along $3.70 (about 13% upside)Immediate Support - $3.07 (low of current candle)Resist - $3.70 (≈ initial pattern target)If you find this analysis useful, please comment and like[Heart]
$Block(SQ)$ Daily Chart, yet another potential Bottom Connecting Tops of RSI value over a certain period to determine a potential trend resist breakout as shown. Multiple occurence found since Jun 2022: *** 18/7/22, 24/10/22, 6/1/23 & recently on 18/5/23 *** 18/7/22 - breakout along 50, rally to 90 but have a knee-jerk pullback after hitting 76 area 24/10/22 - breakout along 50, advance a little immediately pullback before rally to 76 6/1/23 - breakout along 60, rally to 90 with little pullback 18/5/23 - breakout along 50, advance a little and pullback over last few days Expect another rally, conservative target along $69, agressive target along $76
$Grab Holdings(GRAB)$ $Uber(UBER)$ $DoorDash, Inc.(DASH)$ Grab Daily Chart [$3.27] - Potential bullish Symmetric Triangle Stock price Gap up on 16/11/22, amid closing down on heavy volume. Thereafter, stock loses volatility, trading volume shrunk, suggesting a consolidation while share price trapped in tight range (Converging trendline as shown) 20 SMA maintains above 50 SMA, 14 days RSI largely above 50, current consolidation is viewed more on bullish bias. Support - $3.00 (or void condition) Target Price - $4.00 (previous High back in 8/8/22) If you like the above analysis, kindly reply and like [Love you