$AAPL -- A look at two timeframes using Elliot WavesEven though my exact count may be wrong, the structure of these waves has me feeling pretty confident about $AAPL's upcoming price action. Strong buy at 145. September monthlies, ATM and ITM should print.
Let's see how it plays out...
Sincerely,
Your best stock buddy in the whole world,
Patrick.
TECH
$TSLA | WEEKLY WATCHLIST (Update)This is a more in-depth analysis on what I'm seeing for Tesla. I will be using the Bump and Run Reversal Bottom Pattern for this analysis.
Please view the thread for an understanding of the model I will be referring to.
I believe we have finished the Lead-in Phase and currently in the final part of the Bump Phase. We should see a small retracement which will be buyable to hit my concluding sub-wave 3 target. Next, a throwback to trend line should take place to retest broken resistance before accelerating higher in the Uphill Run phase. All parts have been labeled and the green arrowed line shows my rough projection. Looking for new highs in September to potentially test the high $780-800 region.
$QCOM | TRADE IDEAI believe QCOM is very under-rated and not seeing much talk about it. This is a beautiful descending broadening wedge forming to conclude wave 4. Please note the increasing volume throughout consolidation as well. A break and hold above this wedge will confirm bullish continuation into a wave 5. Target in the $160 region.
$AMZN | TRADE IDEAWith a strong day today, this has popped up on many radars. Still being patient with this as I believe it will take quite a bit of time to play out. However, keep this one your watchlist for the next few weeks as we look to catch an impulsive wave 3. Fractal from previously posted (check link to related idea) agrees with this impulsive move up.
$TSLA | WEEKLY WATCHLISTTrickier spot for Tesla here as we rejected major supply zone in the $693-700 region. Would be ideal to see us break through this zone for better clarity. What I see is as long as the $649 low holds, we will see $750+ first. Would be patient here and play the breakout with confirmation. Better to be safe than sorry.
$NFLX | WEEKLY WATCHLISTAnother frustrating stock since around Summer of 2020 with major consolidation. This is a sleeping giant, similar to what happened to $NVDA. Again, time is your friend here but I expect this wedge to break for upside continuation. My fractal path is outlined in light blue. Upside target is $600+.
NQ (Z) - December Contract for NQ Sell Position INV LadderNQ December Price Objectives on throw-overs into September Date Markers
from July 15 - August 21.
Price Extensions are congruent with the last 4:02PM EST stop run where Price
moved up 100s of points in minutes.
We will Use September as the Hedge for Trading Long.
We anticipate a Decline from to begin between now and the outliers to September
21st, 2021.
Seasonally, it is the wrecking time of Year, where ahead of Global Derivatives squaring
at the BIS (Twice a year during March & September) - accidents happen most frequently
in the Month Prior, during the Month and/or 2 weeks thereafter.
Prosperous Trading
* We presently remain 100% Cash for Globex opening.
NAOV BullishI think this company has potential for growth due to its reasonable price, new products, and expanding manufacturing. I think it could reach anywhere from 2.50 all the way up to about 10$ as the analyst target suggest. keep a close eye on this one, i loaded heavy just now. Biotec, pennys and growth stock season also suggest this will pump some.
NQ - Larger Draw ALGOs attached - 14094 - 15172.50The larger range remains an important setup for next week.
It will provide further clarity as to where the Lower Boundary
exists.
We maintain the 12485 level has a higher than normal probability
of now being tested.
It will happen quickly when the decline begins.
As we move into the end of the week, Blackrock and Vanguard
will attempt to press SELL Fills while moving price into these
higher Fills today and tomorrow.
Next week, should 14500 hold, we can expect a large retracement
to chop up the less fortunate, only to be followed by more downward
pressure.
Trade Safe
Palantir Bought GOLD - Ponzi Pogs - PonziedWhat kind of super tech future company is adding gold stacks? This one... #ponzi #pogs #stonks
NOMO FOMO
*valuation matters
#holdforbroke
QQQ - 363 the Level for breakdownClose under 363 on 3XQ's and the reversal will be fulfilled.
Targets below are significantly lower/
SMH may try to make up some ground on a FAB Funding for USA.
Short lived BS Noise.
ES has trade sub 4441, should it close beneath, we have
a confirmed reversal.
VIX has a Micro target today of 20.55 for SEP CT.
TLT will complete Gap Fills.
DX remains stubbornly tight 92 - 93.
Energy Complex seeing Crude Oil in 57-62 range after RTs complete.
6501 held for now, we closed SELLs in heavy position from 6956.
Now it's a waiting game on War Drums.
MARKET ALPHA WATCHLIST - SGMSA quick update for NASDAQ:SGMS
The entire industry is experiencing a bit of steam such as NYSE:IGT but the technicals here look like it's still got some more room to run. I'm shooting for $80 and then possibly a retest as a handle for the bottom saucer we have developed.
NAS100, WHERE TO FIRSTHi guys
Nasdaq opened with a slight gap down, let's hope it sells off now leaving the gap unfilled giving us a confirmed buy later today. If we find support at 14800.
If price moves up and fills the gap we could then sell if we fail to break 15034.
If not we're back to ranging between 15000 and 15100 - SMH
This is purely an "idea, mind map of probabilities"
I will share a signal and our set up's for the day closer to London/NY
AAPL, NTFLIX especially and other key players will add to confluence of price movement prediction
HCL Tech break out!!!This is HCL 1D chat. the stock has been trading in triangle pattern and finally given break out. it might be an opportunity to go long (green line ) or there can be momentum loss also (red line).
In my opinion the stock deserve to bet upon.
and you guys can take trade as per your risk apatite.
Thanks,
Ibran Ansari.
Expected Breakout in NAS100 Towards 15600Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The heavily weighted NAS100 Index is in an ascending triangle setup, with the horizontal resistance line around the 15160 price level. The upward sloping support trend line is mainly connecting the lows at around 14870 and 15000. If NAS100 breaks out, it is targeted to reach towards 15600. The stop loss is below the support trend line at around 15000. Hitting this stop loss is a signal of a failure of the setup.
Technical Indicators
The technical indicators support the bullish view of the chart pattern setup. NAS100 is currently above its short (25 period) and medium (75 period) fractal moving averages. The KST is in a positive crossover and the RSI is trading above 50 with its momentum not at an extreme level, indicating there can be more upward movement in the trend. Also there are overall buy signals over multiple timeframes (1-hour, 4-hour and Daily) in respective moving averages and oscillators.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 15000 price level and a target of 15600. This produces a risk-reward ratio of 2.70.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in NAS100.