AMD is presenting a pattern similar like the rising three in the monthly timeframe, but there are not only three candles in between the bull movement. Anyway, this looks bullish in the long timeframes, lets see...
Moderna is testing arguably it's most important level, where we found more price interaction. The price has been compressing and now we can expect an important movement in the short term. What would it be?
BABA is presenting a triangle compresing with a breakout aproaching. The direction will be related with economic and fundamental news of China, if it is up I'm waiting a break and retest, if is low I'm waiting for a violent movement.
NU is presenting a perfect head and shoulder formation, where the neck was already broke. Looking for at least the 4.37 level where is the daily MA200. Let's see.
CVX is right now at an important support level, with the WTS reaching the oversold zone. In my opinion, price bouncing is really appealing with the market bottom indicator in green. I would like to wait a bit to look if the price breaks the support and return or if it breaks it definitely. Let's see.
Looking the price of JNJ in an interesting level after a brutal sell off.
With the breakout of the formation price tested ichimoki cloud in 4h and bounced back up. In 1h timeframe the breakout is done but the signal looks better here. A breakout of the cloud shows a short signal but a recovery and breakout of the trendline translates into a long.
Price against strong weekly resistance and 50% of Fibo plus breakout of the up trend line and WTO at it's top. Stop = 157.5 Target 1 = 148.1 Target 2 = 145.1
SNAP is presenting the same patter of bigger players like SPY, QQQ or AAPL. However SNAP is below the 200 MA that relates with a downtrend, so this plus the breakout, plus the WTO high and getting lower shows bearish power. We'll see.
The pattern is almost suitable to be implemented in a book if looked at it in a weekly chart. Price is struggling with the 50% retracement level so a bounceback will be good for long entry. Looking for the price to get into the 280 level.
Microsoft is now waiting for something to happen, specially with this GPT news and integration which makes the fundamental side interesting, adding an extra volatility to the stock. Right now after the breakout of the downtrend line and the MA 200 there was a rejection in the 280 zone, price is heading to the downtrend line and the MA 200 that are now powerful...
This is the third time price breaks Ichimoku clod, touch the downtrend line with the WTO at the high that follows a fall until the WTO is at the bottom. Part of the movement is gone but I think there is more path to follow. Stop at the trendline, target at 80.22
DELL comprimiendo y con la MA 200 como resistencia. Earnings la otra semana.