While other M7 stocks like $Tesla Motors(TSLA)$ and $Meta Platforms, Inc.(META)$ made new highs, $NVIDIA(NVDA)$ failed to trade higher. I’m going to do a technical piece on the stock and present it with key levels. NVDA Daily chart Technical Analysis of NVIDIA (Daily Chart): Head and Shoulders Pattern: A potential bearish head and shoulders pattern is forming, signaling a trend reversal if confirmed. Neckline Support at 131: The critical support lies at $131. A decisive breakdown below this level could trigger further downside. Projected Support at 120: The uptrend line aligns with a key support at $120. This area could act as the next target if the breakdown occ
Binni Ong
Sgx Academy Trainer, trades forex, stocks, futures, gold and oil
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NVDA Lags Behind the Magnificent 7: Hidden Opportunity or Warning Sign?
NVDA Lags Behind the Magnificent 7: Hidden Opportunity or Warning Sign?
Nvidia At All-Time High: What’s the Best Move Now?
$NVIDIA Corp(NVDA)$ has reached an all-time high, but with semiconductor ETFs dropping and the market showing mixed signals, what should investors do next? Is it time to take profits or hold on for long-term gains? I made a video on my thoughts on $NVIDIA Corp(NVDA)$, highlighting a key level to note which will decide whether the stock will head up or down in the near future. Bullish on NVDA -> Long DLC ( $NVDA 3xLongSG261006(NVIW.SI)$ ) Bearish on NVDA -> Short DLC ( $NVDA 3xShortSG261006(NVDW.SI)$ ) Remember to hit the follow me button for fresh and exclusive thoughts.
Trading Amazon.com before earnings. Why this level is so critical.
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
Trading Amazon.com before earnings. Why this level is so critical.
Is the Japan Stock Market a Good Investment in 2023?
The $SGX Nikkei 225 - Dec 2023(NK2312)$ has broken a new high in 2023. Is the Japan stock market a good investment? In this video, we discuss the factors that are driving the Japanese stock market higher and whether or not it is a good time to invest. Included in the video are key levels for short-term trading too. Watch the video here: https://youtu.be/gnlgLSXGtu4
Is the Japan Stock Market a Good Investment in 2023?
Educational: How to calculate target profit from a cup and handle pattern - case study on AAPL stock
This is an educational piece. When it comes to stock investment, I always keep an eye out for the cup-and-handle pattern. It's one of my favourite and most reliable patterns. Cup and handle pattern A cup-and-handle pattern is a bullish continuation pattern where the price forms a rounded "cup" followed by a smaller consolidation or "handle." Once the price breaks above the resistance at the rim of the cup, it typically signals strong bullish momentum with the potential for a significant upward move. AAPL cup and handle pattern How to Measure the Target Price of a Cup-and-Handle Pattern: Calculation of cup and handle target price Measure the Depth of the Cup: Find the distance between the lowest point of the cup and the breakout level (rim of the cup). In the attached chart:Breakout level
Educational: How to calculate target profit from a cup and handle pattern - case study on AAPL stock
Is it time to take some profit in Tesla?
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.
Is it time to take some profit in Tesla?
Alphabet shot up on earnings; my analysis was a bullish pattern, can one do anything during after-market hours?
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 shot up on earnings; my analysis was a bullish pattern, can one do anything during after-market hours?
Huawei Mate 60 Chip: Will It Spark a China Tech Stock Rally?
The Huawei Mate 60 Pro is the company's latest flagship smartphone, and it's powered by a mysterious new chip that is said to be more advanced than anything Huawei has produced before. But what does this mean for the China tech stock market? Watch the video here: https://youtu.be/mEUyiN87MHA In this video, we take a closer look at the Huawei Mate 60 Pro's new chip and analyze its implications for the Chinese tech industry. We also discuss why we want to focus on $HSTECH(HSTECH)$ should there be a rally in the Chinese tech.
Huawei Mate 60 Chip: Will It Spark a China Tech Stock Rally?
Technical Analysis of Hang Seng Tech Index and Trading Instruments for Investors
Hang Seng Tech Current Trend The Hang Seng Tech Index is showing a sideways consolidation after a strong upward move in September-October. Resistance: The recent high near 4,800 (highlighted in orange) is acting as strong resistance. Support: Immediate support lies near the 4,434 zone (50% Fibonacci retracement). Next major support level is around 4,189 (62% Fibonacci retracement, green line). Key Observations After failing to break above 4,800, the index has corrected but is holding the Fibonacci 50% retracement level. If this level holds, the index could retest the 4,800 resistance zone. A break below 4,434 could open the door for further downside toward 4,189. Momentum Relative strength appears weak but stable, suggesting consolidation rather than a reversal. Instruments to Trade Hang
Technical Analysis of Hang Seng Tech Index and Trading Instruments for Investors
Why I'm Revisiting the Hang Seng Index After a 40% Surge in Under 2 Months
In this video, I’ll explain why I’m turning my attention back to the $HSI(HSI)$ after its impressive 40% rally in under two months. We'll look at whether there are potential market opportunity, and the crucial levels to watch for traders and investors Mentioned in this video are warrants to consider for short-term trading. $HSI 21800MBeCW250127(YL5W.SI)$
45% Gain in 2 Weeks: How Trading AMZN and This Post Could Have Paid Off
I like to trade on retracement - a concept of buying low but only when this dip is part of an uptrend. In this article, I wrote about key levels to note if $Amazon.com(AMZN)$ dipped after breaking to a new high. In this case, I have identified two potential support levels for a re-entry: $189, $201. If the price retraces to these levels and holds, it may offer a favorable re-entry opportunity for traders looking to capitalize on the continuation of the bullish move. Let’s review the results of this trade. AMZN retraced to $200 support Review of AMZN 3x Long DLC Performance If an investor had entered into the 3x Long AMZN DLC ( $AMZN
45% Gain in 2 Weeks: How Trading AMZN and This Post Could Have Paid Off
Apple Near All-Time High: Two Possible Scenarios Ahead
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
Apple Near All-Time High: Two Possible Scenarios Ahead
Apple AAPL Soars as Bullish Pattern Completes – What’s Next?
In my previous article, I mentioned that if Apple’s $Apple(AAPL)$ stock price stayed supported above $218, we could expect the price to head higher. According to my analysis model, if the price does not hold at $218, there could be further correction, with stronger support at $195. Updated chart on AAPL Looking at the updated chart, that prediction played out exactly as anticipated. The $218 level held firmly as support, and shortly after, the price broke out of the classic cup-and-handle pattern, smashing through the $231 breakout level. Now, Apple is trading at $247.96, confirming the strength of the $218-220 support zone. This move highlights how powerful technical patte
Apple AAPL Soars as Bullish Pattern Completes – What’s Next?
NVIDIA Earnings: How to Trade and Profit Ahead of the Report
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 Earnings: How to Trade and Profit Ahead of the Report
Nvidia FINALLY breaks ALL TIME HIGH! BUT.....
This video discusses $NVIDIA Corp(NVDA)$ recent breakout to its all-time high. While the breakout seems legitimate, I explain why we should approach it cautiously. Drawing from my experience in trading high-profile stocks, such as $Meta Platforms, Inc.(META)$ , I share why the first breakout attempt often fails and what signs to look for in future price movements. Additionally, I introduce potential strategies to hedge against a false breakout using short DLCs. ( $NVDA 3xShortSG261006(NVDW.SI)$ ) Follow me for fresh ideas. :) For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook Disclaimer: This document is not an offe
Key S&P 500 Level to Watch Before the U.S. Election—Breaking It Could Spell Trouble
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
Key S&P 500 Level to Watch Before the U.S. Election—Breaking It Could Spell Trouble
Invest Xiaomi with Their Electric Vehicle Release in 2024?
$XIAOMI-W(01810)$ In this YouTube video https://youtu.be/UpT_ZX3y8sc , we discussed the recent stock chart of Xiaomi and its potential impact on the company's entry into the electric vehicle (EV) market. Xiaomi's founder, Lei Jun, announced the company's entry into the smart EV market in 2021 and pledged an investment of $10 billion. Since then, Xiaomi has made significant progress in its EV venture, with plans to start mass production of its first EV in the first half of 2024. Xiaomi has officially registered its electric vehicle business and pledged an investment of $10 billion over the next decade. In this video, I will reveal a very important chart pattern on Xiaomi and explained its use for short to mid-term trading
Invest Xiaomi with Their Electric Vehicle Release in 2024?
Key Technicals to Watch as Google Stock Plunges Amid DOJ's Call for Chrome Divestiture
$Alphabet(GOOGL)$ stock hit sharply following the DOJ's proposal to divest its Chrome browser, alleging anti-competitive practices. GOOGL Share Price Plunges 7%: Key Technical Insights In this article, I’ll revisit some key technical observations for GOOGL stock: Support at $150: The previous all-time high of $150, tested and rebounded in September 2024, remains a valid support level. Near-Term Support at $161: Between September and October 2024, the stock spent around 36 days trading near $161, establishing it as a significant near-term support level. Resistance at $190: The all-time high of $190 is a clear and visible resistance level. Volume Insights: Last night's drop, triggered by the DOJ news, saw sell volume more than double the previous d
Key Technicals to Watch as Google Stock Plunges Amid DOJ's Call for Chrome Divestiture
Apple recent earnings highlighted challenges in the Chinese market, key levels that truly matters
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
Apple recent earnings highlighted challenges in the Chinese market, key levels that truly matters
NVIDIA Nearing All-Time Highs: What Does It Signal for Upcoming Earnings?
$NVIDIA Corp(NVDA)$ 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
NVIDIA Nearing All-Time Highs: What Does It Signal for Upcoming Earnings?
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