longsonvn

longsonvn

Looking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks. This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.

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At the close of April 18, 2024, NASDAQ:MSFT is trading right at the support trendline, the yellow line shown on the chart. If the stock cannot hold this trendline, the pattern suggests the further decline 6-8% to its 200-day moving average. It was a good decision to cut short our loss when buying at the new high (see the related ideas section)

longsonvn Updated 

On April 3, 2024, NYSE:SPOT broke out into new high which provide an entry opportunity.

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On April 17, 2024, NASDAQ:AVGO closed down below its MA-50 AND the previous support since March 21. Which is a sell signal. As shown on the chart, the target price for this decline is around $1200.

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On April 17, 2024, NYSE:NOW is trading right at its support level since January, 2024. A break down below this support level will suggest a further decline of 10% to its MA-200

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On April 17, 2024, NASDAQ:LRCX closed down below its MA-50 on huge volume. Which is a sell signal.

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As of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple). The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction...

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During the week March 18, 2024, NASDAQ:MU broke out above a huge 3-year base as shown on the chart and from there went up 30% before the ongoing pullback. A pullback to the 10-week moving average (the pink line) which is currently right near the upper resistance of the previous base, would provide a good buying opportunity.

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In a long-term uptrend, corrections are inevitable. How much the correction will be depends on each individual stock. At the end of the session on April 17, 2024, NASDAQ:NVDA is correcting towards the MA-50 and is temporarily closing below the 10-week MA, if during the session on April 18,, the last session of this week, the stock cannot recover above it. The...

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After the close of April 17, 2024, NASDAQ:AAPL is at the weekly low since March 2024 (the yellow horizontal line) and even since October 2023 (the white horizontal line). There is one last weekly session which is April 18 to see if NASDAQ:AAPL can rebound from this long-term support. IF it will close below this important support, the symmetrical pattern...

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On April 17, 2024, NASDAQ:ASML broke down from its trendline, as shown on the chart, after its earnings release. Similar to NASDAQ:ARM , the breakdown occurred at the same time when it crossed below its 50-day moving average, which signified a sell signal for both stocks.

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On April 17, 2024, NASDAQ:ARM broke down the support AND its MA-50 which is a sell signal. We can observe similar break-down pattern in $NASDAQ:ASML.

longsonvn

As the close of April 16, 2024, right before the earnings, NASDAQ:ASML is moving to the end of the symmetrical triangle pattern as shown on the chart. The earnings will be the key for this stock to break out above or break down. I have no positions in NASDAQ:ASML right now, but still holding $NASDAQ:NVDA.

longsonvn Updated 

On April 11, 2024, CRYPTO:BTCUSD recovered from a higher-than-expected CPI selloff, crossing above its MA-21. As of 1:56 AM UTC, CRYPTO:BTCUSD is still moving in a consolidation zone right below the resistance $71,800 - $72,000 and a breakout through this zone would provide a buy point.

longsonvn Updated 

On March 12, 24, I wrote about NASDAQ:MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity. Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point. You can see these 2 posts below in the related idea section. However today NASDAQ:MSFT , although...

longsonvn Updated 

As mentioned in my previous ideas about CRYPTO:BTCUSD , it has been moving in a symmetrical triangle pattern during a consolidation. On April 8, 2024, after 25 days consolidating, CRYPTO:BTCUSD finally moved out of the pattern, presenting a buy signal.

longsonvn Updated 

NASDAQ:SMCI is a clear leader during this bull market. However, after a 260% run-up from a previous buy point as shown on the chart, the stock is struggling to move up further. Now it might slowly form a Head & Shoulders Pattern, and a breakdown through the neckline would signal a sell. Interestingly, the neckline is right near the 50-day moving average (blue...

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On April 4, 2024, CRYPTO:BTCUSD is consolidating in a symmetrical triangle pattern. A move above this triangle would provide a buy signal. On the other hand, a move below this triangle will invalidate the pattern. However, based on the longer-term uptrend in Bitcoin, I will not short it for now. I am only looking for long opportunities.