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Trade Idea on AMD: The Case for a Sweet Double BottomAssumption & Context Let’s address the elephant in the room: the $118 level. Technically, it's a lower low, just 3% below the previous $122 low. However, in my view, it’s not a lower low in the traditional sense. Why? Because this area likely attracted a ton of stop-loss orders, creating what I call (Wyckoff ripped me off) a "selling climax" — a quick 3% shakeout that wiped out the obvious players. It's like AMD decided to yell, "Gotcha!" before flipping. This leads me to my current trading hypothesis: $118 could be the sweet spot for a double bottom, precisely the entry point that many savvy traders have been waiting for. I’m betting AMD will leave NVIDIA eating its dust in the short to mid-term. Why? AMD’s upside potential is like spotting a rocket on the launch pad, while NVIDIA feels more like a plane that’s already cruising at 35,000 feet. And let’s face it, semiconductors + GPUs ?? — you can’t go wrong with them these days.
NASDAQ:AMDLong
by Asakaki-Takanod
ASML at possible "Golden Support" ?ASML Holdings is currently trading near the 61.8% Fibonacci retracement level ($770), indicating a longer-term bearish bias. However, the stock appears to have formed a base near this critical level, suggesting stabilization, though a break below $649 could lead to further downside toward $523 (78.6% retracement). The MACD remains negative, highlighting bearish momentum, but a flattening histogram hints at slowing selling pressure and a potential reversal if momentum improves.
NASDAQ:ASMLLong
by shekharvsingh1
Possible Wave counts of TSLA Hourly & DailyDaily Time Frame Chart I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLA
by RK_Chaarts
TSLA - WKLY- CnH-Symmetrical Triangle This chart shows Tesla's price on a weekly timeframe with key technical features: 1. **Cup and Handle Pattern**: - A bullish reversal pattern formed over the past months, with two rounded bottoms resembling a "cup" shape and a minor consolidation area. - The breakout above the resistance level confirms the pattern. 2. **Measured Move Targets**: - **First Target**: $406.69, reached with a 48.95% move. - **Second Target**: $489.24 for symmetrical triangle reflecting a 72.66% rise from the breakout. 3. **Key Resistance and Support Levels**: - **Breakout Zone**: Around **$271.73**, the neckline of the cup and handle. - **Intermediate Resistance**: Around **$406.69**. - **Current Price**: Trading near **$463.02**. 4. **Volume**: Strong upward volume during the breakout phase, reinforcing the bullish breakout. If the momentum continues, Tesla's price may target the next resistance near **$489.24**. Let me know if you need further insights!
NASDAQ:TSLALong
by Vem_TA_Charts
NVDA | 200 EMA + trendline + Retest -> Support | long side TradeNVDA | 4H Chart | 200 EMA Long Setup 🎯 Here's a straightforward trend-following setup on NVIDIA (NVDA) using the 4-hour timeframe. -Strategy: 1. 200 EMA (yellow line) acts as a dynamic support level, indicating a bullish trend. 2. Long Entry near the bounce off the 200 EMA, with price consolidating above key support. 3. Trend Line Support level 4. Stop Loss placed safely below recent lows to manage risk. 5. Two Target zones are marked for partial profit-taking: - Target 1: The previous swing high. - Target 2: A potential continuation towards higher highs, aligning with the broader uptrend. - Why This Setup? - Price respects the 200 EMA, Trendline and Support Retest level, signaling strong buying interest. - The risk-to-reward ratio is favorable, with clearly defined entries and exits. - NVDA remains in a structural uptrend, offering a solid opportunity for swing traders. Trade with discipline, and always manage your risk! 🚀 Let me know your thoughts or suggestions in the comments. 👇
NASDAQ:NVDALong
by Shivam_Mandrai
AB = CD Apple: Daily Vision The trend is clearly bullish, and selling in this context could be risky. However: Resistance Break: The price recently broke a resistance level (red zone / white arrows) but has not yet performed a pullback. Scenario to Watch: If the price returns to the support/polarity zone, it could offer a potential buying opportunity to aim for an AB = CD pattern. Key Points: Uncertainty: It’s unclear whether the price will pull back to the support zone or reach the target directly without a correction. Plan: I have set up a plan and will stick to it. Conclusion: If the price revisits or approaches the support zone (or the rising trendline), I will look for a potential buy setup. ⚠️ Disclaimer: This analysis reflects my personal perspective and is not financial advice.
NASDAQ:AAPL
by Yannick1961
3
Trendline Support and Key Demand Zones - Bullish OutlookThis analysis highlights a potential bullish setup with price action near a key ascending trendline, supported by a minor buying zone. The chart displays multiple demand zones where price has previously reacted, indicating potential areas of interest for buyers. The current consolidation near the trendline suggests the possibility of a bounce. Key elements of the chart: Trendline Support: Price is respecting a long-term ascending trendline, offering a solid base for bullish momentum. Demand Zones: Multiple demand zones are marked, indicating areas where buyers have previously stepped in. Minor Buying Zone: A highlighted zone where price might find short-term support for a potential reversal. Risk-Reward Setup: A favorable risk-reward ratio is depicted, targeting higher resistance levels. This setup is ideal for traders looking for a confluence of support levels and a clear directional bias. A break below the trendline may invalidate the setup, emphasizing the importance of proper risk management.
NASDAQ:AMDLong
by Darkman07