The shortened session price action on Monday in the S&P 500 implies a calm market. However, we are at levels that we have found sellers before so we do want to be cautious at these levels. The challenge will be can buyers follow through to the upside as the week progresses.
? Market Overview (Netflix - NFLX) Trend: Strong bullish trend with continued higher highs and higher lows. Key Levels: Support: $1036 (Supertrend support) Resistance: $1064+ (Recent high) Indicators: EMA 9: $1045 – Price is above short-term EMA, confirming bullish momentum. EMA 200: $931 – Long-term bullish structure remains intact. Supertrend: Still indicating a buy signal. MACD: Bullish momentum remains strong with a wide gap between MACD and signal line. RSI: 76.19 – Overbought zone, indicating a potential short-term pullback. ? Scalping Strategy ? Momentum Scalping (Preferred Strategy) Buy near: $1045, targeting $1064+. Sell near: $1064-$1070, targeting a quick retrace to $1045. Stop-loss: Below $1035 (break of Supertrend support). ? Breakout Scalping (If $1064 Resistance Breaks) Buy above: $1064, targeting $1080. Stop-loss: Below $1055 to limit downside risk. ? Range Scalping (If Pullback Occurs) Buy around: $1036-$1040, targeting $1055. Sell near: $1055-$1060, targeting a drop back to $1040. ? Mid-Term Trend Forecast (1-3 Weeks) Bullish continuation likely as long as price stays above $1036. RSI overbought condition suggests possible short-term retracement before further upside. If $1064+ holds, next targets: $1080-$1100. If rejected from resistance, expect a dip to $1036-$1040 for re-entry. ? News & Market Context No visible major negative catalysts; strong technical momentum. General market sentiment remains bullish for tech stocks. Options data and volume spikes suggest institutional buying. ? Decision: ? Short-term: Scalp buy at $1045 with a target of $1064-$1070. ? Mid-term: Hold long positions above $1036, targeting $1080-$1100. ? Ideal Play: Buy the dip to $1036-$1040, take profit near $1065+. ? Final Verdict: Netflix remains in strong bullish momentum, but short-term pullbacks are expected due to RSI overbought levels. Look for dip buys and breakout confirmation above $1064 before expecting further rally to $1080+. ? LucanInvestor's Quote: "A strong trend rewards patience. The weak exit early—winners ride momentum." ?
Given the bullish sentiment in GU today and the successful breakout of the Asian and London session highs , we'll take a long position. Our initial target is a 1:1 risk-reward ratio, followed by a 1:2 ratio after securing some profits.
Gold ( TVC:GOLD ) has to close bullish now: https://www.tradingview.com/x/EofscyrT/ Click chart above to see the detailed analysis?? Just since the end of 2022, Gold rallied about +80% which is simply unbelievable looking at the already significant market cap of the precious metal. However this bullrun does not seem to be over and if Gold confirmes the trendline breakout, another rally of +40% will follow soon. Levels to watch: $4.000 Keep your long term vision, Philip (BasicTrading)
The business could improve in the next weeks. We understood the change in Politics in USA.
AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
? Market Overview: Trend: Amazon (AMZN) is in a mild pullback phase within an uptrend, testing key support levels. Key Levels: Resistance: $234–$236 (upper consolidation zone). Support: $223–$225 (Supertrend support). Indicators: EMA 9: $229.22 (short-term resistance). EMA 200: $225.34 (critical support). Supertrend: $234.20 (indicating previous strength). MACD: Bearish, with negative momentum. RSI: 40.72 (neutral but near oversold, suggesting potential bounce). ? Scalping Strategy: ? 1. Momentum Scalping: Buy near: $223–$225 support level. Target: $229–$231. Stop-loss below: $222. ? 2. Breakout Scalping: Long if price breaks above: $230, targeting $234. Short if price rejects $230, targeting $225. ? 3. Range Scalping: Sell near: $234 resistance. Target: $225. Stop-loss: $236. ? Mid-Term Trend Forecast (1-3 Weeks): If AMZN breaks above $230, expect a move toward $234–$236. Failure to hold $225 support may lead to a drop toward $220–$218. MACD remains weak, suggesting limited short-term upside unless momentum shifts. ? News & Market Context: E-commerce & AWS Growth: Long-term fundamentals remain strong. Tech Sector Volatility: AMZN follows general market trends. Macroeconomic Risks: Any Fed policy shifts could impact stock movement. ? Decision: ? Short-term: Watch for bounce near $225 or breakout above $230. ? Mid-term: Weak momentum; a clear breakout is needed for a bullish confirmation. ? Ideal Play: Wait for support confirmation before entering long positions. ? Final Verdict: Amazon is at a make-or-break level, with $225 acting as a key defense zone. Bulls need to reclaim $230 for continuation. ? LucanInvestor's Quote: "The strongest positions are built when others hesitate. Patience is power."
Entry: Buy at Pivot Point (P) – 158.805 Stop Loss: Below support level S1 – 158.023 Take Profit: Near resistance level R1 – 161.561 Rationale: Price is currently testing the pivot level, a common area for a bounce. If the price holds above the pivot, it suggests bullish momentum. Aiming for the next resistance level (R1) as a profit target. Tight stop below S1 ensures minimal loss if the price breaks lower. Risk-to-Reward Ratio: Approx. 1:3, making it a favorable setup. Extra Confirmation: Look for bullish candlestick patterns or price rejection at the pivot level. Monitor volume increase to support the upward move.
? Market Overview: Trend: Super Micro Computer (SMCI) is in a strong uptrend, recovering from previous lows with high momentum. Key Levels: Resistance: $50–$52 (potential breakout zone). Support: $44–$45 (Supertrend support). Indicators: EMA 9: $44.72 (acting as strong support). EMA 200: $34.74 (long-term bullish signal as price remains above). Supertrend: $41.64 (trend remains bullish). MACD: Bullish, confirming continued momentum. RSI: 77.57 (overbought, but strong momentum remains). ? Scalping Strategy: ? 1. Momentum Scalping: Buy near: $45–$46 on small pullbacks. Target: $50–$52. Stop-loss below: $43. ? 2. Breakout Scalping: Long if price breaks above: $50, targeting $55. Short if price rejects $50, targeting $45. ? 3. Range Scalping: Sell near: $50–$52 resistance. Target: $45–$43. Stop-loss: $53 if breakout occurs. ? Mid-Term Trend Forecast (1-3 Weeks): If SMCI breaks $50, expect a rally toward $55–$60. A rejection at $50 could lead to a short-term pullback toward $45–$43 before resuming the uptrend. RSI is overbought, so some profit-taking is likely before the next move. ? News & Market Context: AI & Data Center Demand: SMCI benefits from strong AI-driven server demand. Tech Sector Rally: Stock is riding the momentum of high-growth tech plays. Macroeconomic Factors: Potential rate hikes may slow down speculative growth, but fundamentals remain strong. ? Decision: ? Short-term: Look for a breakout above $50 or a pullback for re-entry near $45. ? Mid-term: Bullish, but extended. Look for consolidation before continuation. ? Ideal Play: Buy on dips or scalp breakouts above $50. ? Final Verdict: Super Micro is in a powerful breakout phase, but profit-taking near resistance is possible. Bulls must clear $50 for continuation. ? LucanInvestor's Quote: "Momentum is a weapon—use it wisely, or it turns against you."
Dear traders be careful of trading Jasmy specially long positions. As you can see from chart Jasmy stuck in downtrend channel every time it go up then it go lowers. My target expectation for this downtrend is 0.018$ in case it closed below it on daily time frame i expect more blood on Jasmy. But if the price give us a strong bullish sign from 0.018$ it can gain strength again to attach the major resistance in the upper trend channel. Please let me know what you think about Jasmy ?