WeRideAtDawn

WeRideAtDawn Updated 

NASDAQ:ARM released earnings recently, beating both EPS and revenue expectations. Price jumped, also pushed by the general stock frenzy following the US Presidential election the day before the release. Since that, it has been falling. Sure, the frenzy has settled, maybe reality is sinking in. Looking at the last 5 days, here are the hard facts: ARM:...

WeRideAtDawn Updated 

Not the most popular stock around, and maybe a case for longer term, I have made good profits from NYSE:GNW in the past. I noticed the stock has been in consolidation mode for quite some time now, pretty much since end of last year. It is yet again approaching the upper band of the horizontal channel, which price has touched 3 times this year and been close...

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CAPITALCOM:CRWD has put the turmoil behind it and are now in a strong position to move on. With practically no real competition the stock is picking up pace. I belive it will continue. Back in July price created a gap, naturally, but the chase to close the gap is well underway. First target is filling the gap, at around $340. This gap however is getting old, and...

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CAPITALCOM:INTC has vastly underperformed its peers for a long time, but there might be signs the stock will start to move in the right direction. There has been a lot going on with the company this last week, maybe the chart will show some improvement. Price has broken resistance recently and closed above on Monday this week. It has since started building...

WeRideAtDawn Updated 

This is a difficult case to analyze, as it depends so much on one individual. The hard facts can easily be overthrown by single events, and so NASDAQ:DJT might be highly volatile. If one should try to look at the hard facts, such as financials and technical, it is a hard sell. Barchart.com rates it as a Strong Sell, Tradingview has it as a Sell with only 3 of 22...

WeRideAtDawn Updated 

CAPITALCOM:GM was in a nice uptrend on the daily all the time since November last year, and then it broke down, leaving the path big time. Made its way back up, only to be pushed back out. Now, it is once again knocking on the door from below. Should it be able to cross into the channel, I believe it could potentially move up towards the recent high of around...

WeRideAtDawn Updated 

Short analysis, the moves of JD.com the last week cannot stick. The move was too big too fast. Price has left several gaps that need to be filled. RSI and all indicators are of course off the chart, but cannot be trusted. I expect a drop down to at least $33-$34 before it can find a foundation. Don’t be surprised if we go as low as $30-ish.

WeRideAtDawn Updated 

CAPITALCOM:GOOG is clearly in a down trend, which started in early July. Lower highs, lower lows, and 21EMA below 50EMA since the cross below in semi-late July. It is currently approaching the upper band of the down channel, and a reaction to the downside could be expected. The MACD is behaving somewhat indecisive and not providing useful guidance, which does not...

WeRideAtDawn Updated 

On the 4H CAPITALCOM:COPPER has formed a rising wedge. Following the drop from Aug 27 it hit the Fib sweet spot, retraced, and then dropped quite a bit. It has now turned and crossed significant Fib levels on its way up and is currently resting on the 61.8% level. The 50EMA is also crossing up through the 100EMA. A retrace into the sweet spot (50% - 61.8%) could...

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Natural Gas has been flying lately, and I have a feeling GLNG has been lagging. This is a company that liquefies natural gas at sea, and they are a world leader at this. Looking at the daily chart the stock has been in consolidation since mid-June, until it broke out of the channel two days ago. MACD, OBV and RSI are aligning, and the EMA20 has crossed up over...

WeRideAtDawn Updated 

NASDAQ:TSLA has been in a downtrend the last month or so. It has developed a descending broadening wedge pattern on the 4H, which is a bullish pattern. This indicates a break to the upside. However, I am a little hesitant to whether price action is strong enough. The recent build up towards the upper band of the channel has been bumpy, and the 100 EMA is on the...

WeRideAtDawn Updated 

As some might know, I did an analysis of CAPITALCOM:ACHR a while ago. It played out, only I forgot to close the idea.. Anyway, we have a new situation now. Direction is the same, pattern has changed. Looking at CAPITALCOM:ACHR on the 4H chart, it is clearly trending down the last month. But a pattern is appearing, that of a Falling Wedge . This is a Bullish...

WeRideAtDawn Updated 

CAPITALCOM:PLTR has been n an uptrend the last 12 months, all though in a somewhat wide channel. For a company like CAPITALCOM:PLTR it is not unusual that there is some volatility in its journey, but the direction has been upwards with a gain of more than 100% in the period. The 50 EMA crossed above the 100 EMA back in February, but more noteworthy, it did not...

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The bull run that CAPITALCOM:DELL has experienced since March of last year came to an abrupt stop end of May this year, with an ATH. Since, the stock has been falling. It has formed a downward channel, although with price rising lately. If you look closely, you will see that the rise was only for about a week, and it has since consolidated. It is now approaching...

WeRideAtDawn Updated 

Looking at a simple trend and channel of CAPITALCOM:AFRM , it is quite clear it is in a downtrend. This begun pretty much on the dot of the start of 2024 and has been consistent ever since. Some positive news today, sending price up 4-5%, far from interrupting the trend. What is interesting is how price has hugged the lower line of the channel numerous times all...

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This is a topic that keeps coming back into my mind. I am a believer in and user of TA, but the concept of applying it to indices keep haunting me. I googled it and found a few YouTube videos that did nothing to help. So I decided to put my thoughts down on paper. Here’s the thing, using the S&P500 as an example. In an uptrend, we know that the market in general...

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Some say CAPITALCOM:GOLD and CAPITALCOM:SILVER move in tandem, but with CAPITALCOM:SILVER being more unpredictable and even more volatile than $CAPITALCOM:GOLD. That is generally true. However, sometimes they divert. I believe that is the case now. Yes, the Gold Silver Ratio is slightly up recently, but the trend of CAPITALCOM:SILVER is down. For ...

WeRideAtDawn Updated 

It has been quite a ride for CAPITALCOM:GOLD the last year and a half, and it looks to continue. The last month or so, Gold has been in consolidation mode, but is now on the rise. We saw two peaks, one on July 17 and the other on Aug 2 (4H). Some might call this a double top, I do not. Price has broken the potential neck line, on its way up. On the daily we see...