$NDX - A bounce around the corner
$NASDAQ 100(NDX)$ This analysis was published last week in the Weekly Compass:
The confluence of the 40-week average and the Point of Control on the current volume shelf indicated a bounce around the corner.
Also the oversold McClellan Oscillator shared for everyone via email.
The updated analysis, including support and resistance levels is out!l 👇
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$Advanced Micro Devices(AMD)$ - Bullish Crossover Imminent?
The 20 Daily Average is about to cross the 50 DMA; that is a bullish signal as recent history shows, suggesting that the price is likely to continue moving upward.
Conversely, when the 20-day moving average crosses below the 50-day moving average, it's often seen as a bearish signal, suggesting that the price is likely to continue moving downward.
Looking forward to a volatile week.
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$Tesla Motors(TSLA)$ - Daily Chart:
Price action continues moving in a constructive way, between the 5DMA and the higher Bollinger band, however the oscillator is curling down.
Will there be a breakout like in July?
The key resistance line to watch with the complete analysis was presented in the latest Weekly Compass.
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https://x.com/SmartReversals/status/1835319813641580783
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