balinor

balinor Mar 8

The price is once again meeting the support level that has remained unbroken for three years. At this point, I expect a recovery towards the purple trendline, where there will be a new attempt at a bullish breakout. The triangle is reaching the apex of compression.

balinor Mar 8

The price is experiencing panic selling across the entire U.S. tech sector, with sales significantly lowering the P/E ratio. Monolithic produces power circuits used in virtually all types of electronic equipment and is a leader in this steadily growing sector. At the moment, the decline has stopped at the $588 support level, from which a recovery has begun. I...

balinor Mar 2

For over two years, Amazon's price has been moving within the green channel, with the only exception being in August 2024 when a panic selling affected all markets after the poor US employment data. At the moment, it is likely that after touching the bottom of the channel at $204, it will rise to $250 in the coming weeks In case the price drops below $204, this...

balinor Mar 1

The price bounces for the fourth time on the support indicated by the blue trendline. The chart is open to different interpretations because at the top we have a possible double top with the blue line, but at the bottom, we have strong support that continues to hold. Personally, I have seen this tech selloff as an opportunity to accumulate. I think the panic...

balinor Feb 15

Price is ready to break 90$ resistance (light blu line) ! A large GAP is also waiting to be filled above 90$ I think everything is ready to push price up

balinor Feb 15

Price creates a double bottom inside orange consolidation zone Also daily sma200 (blu line) act as a strong support I think everything is ready for a reversal

balinor Feb 14

Price reached again the long term support trendline (blu) and is now ready to move to the purple resistance at 200$ Good entry point for a mid range trade

balinor Updated  Feb 4

Falling knife, no guarantees. History shows that at the daily 200 it rebounds, and it's almost at $168. Excellent company with solid revenue, the drop is caused only by fears of reduced sales without any real evidence."

balinor Feb 4

The price reaches the bottom of the symmetrical compression triangle in which it has been moving for weeks. A break downward brings the price back to the lows for a retest, while a possible (and I would say probable) rebound brings it back to the upper edge to attempt a breakout.

balinor Feb 3

The price has been moving below the daily SMA200 for a year and a half. All previous attempts to rise above, highlighted by the rectangles, have failed. In recent weeks, the price has completed a double bottom with a neckline at $1070. A close above this level confirms the double bottom pattern and positions the price above the 200 average, starting the new...

balinor Feb 2

Two days with a devastating selloff at the close, a clear sign that the index is not yet ready to position itself above 6100. The first short-term light blue support was broken at Friday's close, and now the index will move towards the underlying support indicated by the blue trendline, where the daily SMA50 also passes through near 6000 points . Holding this...

balinor Updated  Jan 30

The price is dropping again and is now close to the previous low of $70.08. At this point, the formation of a double bottom with a recovery is possible. In the case of a breakdown, however, a decline to the long-term support of $65 (blue line) or even to the monthly SMA200 ($60) is likely."

balinor Updated  Jan 28

The price fails to reach a new ATH and starts a strong correction towards the green support area. The breakdown of the support will result in the completion of the double top with the first target at the weekly SMA50, which also coincides with the medium-term support trendline (blue). If the support holds, there will be a third attempt for an ATH.

balinor Jan 27

One of the greatest fake news about Chinese IA bring to a major sellout Price reached weekly sma20 (gold line) on the bottom of red channel down I expect a fast recovery in the following days Stop below the red channel bottom

balinor Jan 25

The price is climbing back within the green channel. In recent weeks, it reached the long-term support area of $65-66 (indicated in blue) and regained strength. Now it is preparing to break the purple resistance in the coming week. A close above will start the next bullish impulse towards the ATH indicated by the light blue resistance

balinor Updated  Jan 24

Head and shoulders in the beginning but then price dropped a lot cause of bad results of new obesity drug Today new worries about price review put the price below the blue support Price reached weekly sma200 now and I expect this can be the recovery point

balinor Jan 23

Since last summer, the price has started compressing within a symmetrical triangle. Volumes are also perfectly balanced with the POC located in the middle of the triangle Next week's earnings could give the price the definitive direction, confirmed by a close above or below the two red and green lines

balinor Jan 22

Price reached minimum again Double bottom pattern by the way but price must close a candle above 32$ to confirm