$INTC Update - Reversing NicelyINTC showing a strong bullish reversal back to fill the gap near $62, which is my first target. Letting this one ride out
TECH
NASDAQ possible long continuation. A broad idea of what to expect for the next few days for tech stocks and NDX instruments. Would advise against rushing into a short here but anything can happen, GL.
Hit ResistanceWe're right in my 2nd target zone for this rally.
Looks like the price action has gotten stopped in that zone.
I see this as a opportunity to short.
I would set my stop at 13,800.
Watch Crypto. See if it follows tech downward.
Or maybe they'll just PAMP it up again. Who knows with all this free money.
$PENN Update - 4% Day Since Post Yesterday PENN gaming bouncing off the 200DMA as I predicted yesterday, will easily carry this to $100 IMO, not only do we have support at the $75 level, but we also have an upward trendline from August of 2020 that gives this 3 technical confirmations and bullish outlooks for an upward movement towards my target of $110.
$PLTR Update - Monster Momentum Ahead PLTR working out beautifully as it broke out of its downward channel, now that the reversal is clear, we can watch this bounce off the 100 and 50 Day moving averages, giving this room to move exponentially towards previous ATH's.
$SQ Update - BTC Dip Spooked me, Following Channel I previously posted that I closed out of this position because of the BTC dip that I thought gave the setup too much BTC exposure that could pull it down if BTC continued to drop, but this is playing out very nicely from my original post when I was long at $200. Nice reversal here.
$SNAP Bouncing off Channel Top, Bullish With Snapchat having a selloff the previous day, I thought it was a healthy pullback after having nearly a 13% move in a few days, the top of the channel has acted as support and more buyers have entered which will push this higher to $65-$70 level, path of least resistance. Working out amazingly!
$SNAP Update - Looking for Support Snapchat cleared through its channel range the other day, topping nearly $61, a pullback today seems healthy with an almost 7% move the previous day. What I am looking for next is some support on top of this ascending triangle, if price can hold above approximately $58.50 for the week, I think it will give traders yet another opportunity to enter for a move towards $70. Watch tomorrow as the closing candle green will give this further strength in the near term.
$GME Update, Breakout +18% Today - Position up 40%As I predicted 2 weeks ago, GME showing parabolic momentum breaking out of its consolidation channel. Currently sitting on the resistance point of $211, which is the 38% Fibonacci retracement level, a strong close above these levels can indicate a move to the next 50% retracement level near $260 price point. Seeing a lot of resistance on the Level 2 near $211, but with this stock being Gamestop, I expect nothing short of surprise to how far this can move.
$PINS Update, Looking to fill the Gap Pinterest slowly but steadily making a comeback to fill that $76 gap, MACD reversing and respecting its support within the horizontal channel as predicted.
$PLTR Breaking out with a green close today - Target $27Palantir looking strong breaking from its downward channel, a solid green candle to complete todays close gives me full confidence for a move back towards $27.
$MSFT bullish bat setup to 260 gapfillGrab $MSFT calls for 260 gapfill and you won't be disappointed
$TWTR Update - Reversal ConfirmationMACD Reversal confirmed as well as increasing relative strength I believe will allow this to continue trading towards the $65 range, my first price target where I will trim position. Depending on whether it can break this channel assuming the top of the trading range is reached, I would put a second price target of near $70 if it can break above the $65 Level.
Entered this one a little too early, but respected my stop loss and let it ride out for a week or so.
$NVDA Earnings Anticipation Nvidia cruising towards the top of its trading range as the company reports earnings this Wednesday May 26th, the report could definitely allow a breakout to happen near $700 if expectations and future projections are strong. High demand for graphics cards within not only the crypto community, but gaming community as well. Nearly impossible to get your hands on a 30 series card near MSRP these days. Watching closely.
$SNAP Update - Position Up 12%, Important Price Level & Paths An update on Snapchat from last week, we have now reached the top of the bullish pennant formation, an important level to see where the market wants to bring this in the short term. Currently sitting on the top of the pennant, representing a resistance level, watch closely today and tomorrow to see where traders want to bring this. There are two path predictions I have for the short term, a green candle closing above this pennant would give me confidence for a breakout towards $70. The second path would indicate if the top of this channel acts as resistance, meaning the market would continue to consolidate within the channel and attempt to breakout at a later date.
An answer for where this will go will likely be answered by the close tomorrow.
Catching the waveSometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where.
Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this trade.
With an upcoming quarterly report it will be worth watching how it reacts.
Best of luck out there!
5/20/2021 AMDAMD undercut important lows and reversed back into its range. Tech & Semiconductors have been weak and beaten down for a while, so a short term bounce is not out of the question.
In @ $77.00
Stop @ $72.10
2:1 Target at $86.90
Precision EngineeringSee that? Look at this with BTC overlaid.
The whole market is going down.
Freaking nailed it.
Added to my short position.
$ICP. Internet Computer. Fairly priced?Is ICP going lower still or is this a good buy price?
I'm sure I'm getting confused, but to me ICP is the same thing as investing in the internet.
My basic understanding is that the internet is largely privatized, and ICP has developed a technologically superior version of the internet as we know it. It's hard for me to comprehend how this could be a bad investment.
How could this possibly go bad? Does anyone know?
When you read this stuff it kind of seems like it's impossible, but they have support centers in several continents, and plans to roll out for decades. If anyone has 5 million dollars they don't need to use for the next 5 years I have a great idea for you.
NASDAQ Tech Stocks Tech stocks have taken a hit after a major run up and earnings releases.
As we approach the 200D MA it's a key indicator historically of big price movement. What does this mean for us?
We'll likely see a big dip in tech stocks whereby they correct in order to give way to another price run up.
These movements take course over a significant period of time.
Price trend looks negative right now which indicates the state of the economy and would fall in line with a price movement upwards around economic recovery period starting.
Nasdaq 100 price projection experimentHey there!
Sharing some thoughts on what's driving Nasdaq 100 price. Simple answer is Capital, but what can we see on chart?
March 2020 was a volume epicenter, it's significant enough to be called a starting point. Since then, price was on the rise, but volume peaked lower and lower, especially on market sell-offs.
The colored fan is projecting sentiment on market and economy. As price increase starts to slow, we're entering new zone of less positive sentiment. But anything can happen, and we might repeat a similar pattern as in summer of 2019.
Let me know what you think and let's see what happens.
Vova
Great SHORT Opportunity!!Apple looks OVERVALUED!!!
Tech is going down. People are rotating into companies that have PE multiples that make sense!
Yes they have a ton of cash on hand and will be completely fine, so for most of you it might be a buying opportunity but I see this sucker going down at least -20% to -30%.
That white box is a head and shoulders reversal pattern.
A break below $120 would signal possible confirmation of a new downtrend.
Over time it's been bouncing off the 200 day moving average so that's where I'd aim this time again.
