Rise or Fall: SNOW, ARM, AAPL and PLTR
First, review my last post. Assessing Stock Price Trends Through Volume-Price Relationship: SNOW, ARM, and AAPL
My view on $Snowflake(SNOW.US$ potential for building a position has not changed. It is approaching its historical low point from almost two years ago and while there may be resistance to upward movement, there is a lack of downward momentum. This is because in a situation where everyone is losing money, a massive sell-off is unlikely to occur.
$Arm Holdings(ARM.US$ has the potential to break its previous high. Currently, almost all major resistance levels have been broken through, with only the psychological barrier of the previous high of 164 remaining. The current trading volume looks very good, even if there is a minor correction in the short term (3 trading days), the mid-term trend (1-2 weeks) is still upward.
$Apple(AAPL.US$ may have already hit a short-term peak. Yesterday, everyone seemed to be in a wait-and-see mode, with trading volume significantly reduced compared to the previous two days, but it is still a large volume when compared to earlier times. Looking at AAPL's monthly chart, it is currently at a resistance level. I think AAPL may close lower today.
Going back to our old friend $Palantir(PLTR.US$, I still have a positive outlook on its future development. Its weekly chart shows that it is in a very nice upward trend, but its daily chart is currently constrained by a box structure. I believe that the long-term trend for PLTR will not and should not change, with short-term support at around 22.3.
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TA fan | People overreact all the time and the chart helps us make use of that
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practical NyanCat_76 : Well Done Bro. You can conduct courses & earn the big money.
102379107 : thanks! following u
Northsea9 : Arm: The stock price will break 200, Apple will continue to rise 15%, and Snow will continue to fall. Here is one detail: the number of bearish shorting is clearly rising!
ZmjjkK OP Northsea9 : yeah, we will see
SpaghettiMeatballs Northsea9 : My short interest on Futu dropped from 4% to over 2%. Where did you see a significant increase in the number of shorting orders?