Yesterday, I wrote in this article:
Considering the current uptrend and the "path of least resistance" theory, I anticipate that NVDA might continue to climb on its upcoming earnings report.
In the article, I mentioned that a doji candle has formed, which is an indicator of market indecision, however this also suggests that traders are closely watching the 135-140 level, which is a strong support zone.
Trade the doji candle in   $NVIDIA (NVDA.US)$ on a lowe...

$NVIDIA (NVDA.US)$ is scheduled to release its earnings report on November 20, 2024, after the market closes. This report will cover the fiscal quarter ending in October 2024. Based on forecasts from 14 analysts compiled by Zacks Investment Research, the consensus estimate for earnings per share (EPS) this quarter is $0.70. For comparison, the EPS reported for the same quarter last year was $0.38.
In this article, I will be ...

In my years of trading and investing, I’ve learned one hard rule: take profit when you can—then it’s your money.
Let’s discuss the $NASDAQ 100 Index (.NDX.US)$ (NASDAQ 100).
Has it broken to new highs? Yes, the price is indeed bullish. However, technically, the price is nearing the top of an equidistant channel, which often represents a supply or resistance area.
While the overall trend remains up, the first critical “danger point” to watch is 20,650.
This was the pr...

Earlier in my article, I mentioned my bullish outlook on $Amazon.com Inc (AMZN.CA)$ due to a suspected cup and handle pattern. Now, with the price breaking out, the cup and handle pattern has officially been completed.
Based on the current chart pattern—a cup and handle, which is a bullish continuation pattern—I believe the price is likely to rise.
How high can the stock price go with the cup and handle pattern?
First, let’s t...

I was bullish on $Tesla (TSLA.US)$ in my earlier article.
Mentioned that:
Price should close firmly above $280
Predicted resistance levels are $314 and $336
After a firm close above 280, Tesla surged 30% to my predicted resistance level of $336, before closing at 328.
I believe the stock price is nearing a resistance level based on two technical indicators:
– It is at the top of an equidistant channel.
– It is close to the 76.4% Fibonacci retracement.
Resis...

With Trump leading at the time of posting, $Tesla (TSLA.US)$ is also climbing during Asian trading hours.
In my previous article on Tesla, I noted:
– Even if the price doesn’t break through initially, consolidation near the upper zone (around $265-$276) would indicate strong underlying momentum.
– Another potential resistance exists near $278, a recent high.
Here’s an update:
1. As predicted, the price did con...

Last Friday, the S&P 500 Index ( $S&P 500 Index (.SPX.US)$) didn’t close the week on a strong note. Thursday saw a solid bearish candle, while on Friday, the price initially opened higher but ultimately ended the day lower.
This price action could indicate profit-taking or position trimming ahead of expected market volatility due to upcoming political events.
The uptrend remains intact, and minor price corrections ...

Strong iPhone sales, especially with anticipation for AI features in upcoming products, contributed to this quarter’s growth. However, $Apple (AAPL.US)$ highlighted challenges in the Chinese market, with some ongoing sales volatility
In this previous article, I mentioned that the stock:
attempted to reach its all-time high but closed with a doji formation. This doji suggests profit-taking at the highs...

In my earlier post on $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ , I noted a bullish inverted head and shoulders pattern, which often signals a potential upward move.
With strong earnings and Google Cloud beating sales estimates, Alphabet shares rose 5% after hours. Today, as of this post, the stock is trading around $179.30 during Asia hours.
If a trader had entered a long position in...