This will most likely be a short-term play. Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart. We have two targets, set at a new potential support line. - 1-Month Downtrend - RSI and STOCH below 50 - MACD below Signal Suggested Entry $20.69 Suggested Stop Loss $21.25 Target price $19.61 +...
Clear uptrend Support with a Corridor Breakout forming. Note that we might miss the entry as the price moved to $273.10 pre-market (as we speak) and we are placing a Limit Buy order, rather than chasing momentum. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $267.80...
Corridor Breakout out of a 2-month correction, support confirmed multiple times on the 5 min. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal Suggested Entry $203.08 (Limit) or $205.71 (Stop) Suggested Stop Loss $199.27 Target price $227.91 Note that I tend to adjust stop losses in order...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. For allocation purposes, be mindful that support has been broken on the 20-21th Aug. At the same time, I don't believe this being a reason not to take this trade. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well...
Bullish Pennant formed with the possibility to hit the historical resistance line. Entry price conservatively set at mid-resistance breakout. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $216.58 Suggested Stop Loss $211.56 Target price $235.96 Note that I tend to adjust...
Corridor Breakout out of a 3-month price correction. Moderate possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - 3-Month Uptrend before correction - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $110.44 Suggested Stop Loss $106.77 Target price $128.15 Note that I tend to adjust stop losses in...
Bearish Pennant formed out of a 2-month correction. Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71. - Historical Downtrend (1 year) - RSI and STOCH below 50 - MACD below Signal Suggested Entry...
Uptrend Corridor bounce with target price set at resistance bounce. - Strong Uptrend - RSI above / STOCH about to cross 50 - MACD above Signal Suggested Entry $254.57 Suggested Stop Loss $245.26 Target price $297.63 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...
A trade to approach carefully since indicators might neutralize the theory to go long. However, the upsides might be well worth the risk. Clear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months. However, a large red candle due to earnings. - Historical uptrend - RSI below 50 + Stoch above 50 - MACD below...
Ascending Triangle and new support confirmed multiple times in the past 3 days. Target price set at new historical resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $1592.45 Suggested Stop Loss $1560.3 Target price $1710.71 Note that I tend to adjust stop losses in order to secure profits early and...
Corridor Breakout out of a 1-month price correction. Target price set at resistance line bounce. - Strong Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $57.91 Suggested Stop Loss $56.88 Target price $70.80 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target...
Uptrend Corridor bounce with target price set at resistance. A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards. - Strong Uptrend - RSI above / STOCH below 50 - MACD below Signal Suggested Entry $1031.17 Suggested Stop Loss $989.53 Target price $1293.48 Note that I tend to...
Bull flag formed, out of a bullish pennant breakout. Target price set at new Resistance bounce. - Strong Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $39.03 Suggested Stop Loss $37.77 Target price $43.12 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is...
Uptrend Support with a Bullish Pennant forming within an uptrend corridor. Target price set at Resistance bounce. - 5-month uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $443.09 Suggested Stop Loss $435.17 Target price $482.50 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that...
Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Price bouncing on the support line. - Historical Uptrend - RSI + Stoch (NA) - MACD (NA) Suggested Entry $193.73 Suggested Stop Loss $214.69 Target price $189.47 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means...
Be careful, this is an earning play. I don't usually trade on earning days, however, I have good reasons to believe that NVDA's call will be positive today. This, however, doesn't necessarily predict a good outcome. Be careful. Bull flag formed, past a corridor breakout. Target price set at new Resistance bounce. - Strong Uptrend - RSI and STOCH above 50 -...
Level of confidence on this trade is Low/Mid and I will wait for a few minutes after the market opens to determine whether I'm entering with a Buy Stop or a Buy Limit order. Corridor breakout. We are out of correction and it could now push up to +$2000. Target price set at new Resistance bounce. - 5-month uptrend - RSI and STOCH above 50 - MACD above...
Corridor breakout. New support confirmed multiple times yesterday. Target price set at new Resistance bounce. - 5-month uptrend with a 2-month correction - RSI and STOCH above 50 - MACD above Signal Suggested Entry $12.01 Suggested Stop Loss $11.72 Target price $12.85 Note that I tend to adjust stop losses in order to secure profits early and preserve capital....