kometata

kometata Updated 

Things here are about overcoming the new 4-hour resistance from the accumulated volume of $60.40. I think that will happen only after good results tomorrow. Logical, because it clearly did not happen today. And the decline logically came after the SP500 correction, which I wrote about here at the beginning of last week, about which some friends here asked me why I...

kometata

Now I notice something very important and things and the analyses of many actually coincide. Monthly support from the accumulated volume lies between 6050 and 6170. 4h indicators show a clear reversal. Separately, at these levels are the previous ATH. In my opinion, it is possible to stop even at 6180-6190. We will probably start with a gap on Monday. Now here...

kometata Updated 

There are different numbers here. Most people are heading towards a reasonable range, but there are also extreme statements, and so let's look at what the reality is. In addition to the technical side, which indicates how far it can possibly fall, do not forget that there is also a very strong fundamental and I would even say psychological side here, and all this...

kometata

During such a general crisis, things are very complicated for all stocks and everything depends. The fundamentals are key here and any decision by Trump can change things in a second and that is why we say how far, not how far will it fall. Given the possible further decline of the SP500 to around $5360-5400 and based on the 4-hour chart, it is clearly seen that...

kometata Updated 

I don't see any fundamental or technical indications for a correction larger than 6020-6000 here. After the Fed meeting, the inflation data and the first big earnings reports, nothing hints at a 20% correction as some are claiming here.

kometata

Some colleagues say that based on the 4H chart, we will have a correction to the 5970 area. Based on the support from the accumulated volume, which is more important, this is the 6070 area. But I ask what is the basis/fundamental of this correction and why now? I do not see any reason for this. Moreover, at the close of the session yesterday there were strong...

kometata Updated 

Hello, This is my trading plan for the start of next week. If this was a normal week, without much economic news, I would be much more confident about what will happen, but remember, this week is the Fed meeting and that can change a lot. On the other hand, after the close on Friday, a price hike on the Model Y in US and EU was also announced, which I believe...

kometata Updated 

Unfortunately, the drop to 150-153$ levels is real now. If this happens we will entry in a range between 153-183$ up to next earning report on 17th April. Also, the macro economic environments FED meting and so on will prevent any big movements during this period. I will continue to buy if we go to these levels. I hope that 163$, which for me is not so...

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I am still bullish on Tesla. I believe that we touched the current minimum today and will go up. Noting so much changed in the big picture since my last post. Indeed today was a bad surprise and I thought that Tesla will hold the 196$ support. My short targets are 197.4$ and after that 199.7 is an important level. After that, if everything is ok, are the 208$ and...

kometata Updated 

As the experts here have analyzed we are at the end of a correction that either ended yesterday or could reach $171. I think we may only see the latter number again on very bad data at the end of the week, but I'm skeptical. The diagram clearly shows the resistances and supports of these waves. Price differences between lows and highs and support or resistance...

kometata

As we saw the range movement between the two key levels continued (around 400 and 470$) but as I saw now the apocalyptic posts continued here. No, we will not see 325$ soon, if the Q3 is ok, and if we see at all. However, we are on the upside key level now and should be careful next week. We are also close to US10Y key support level. Thus, my advise is to watch...

kometata Updated 

As I expected the 400-406$ support survived. Forget about levels like 320$-375$. We made a good increase via several important resistances just for a day and we will attack directly 444$ levels today. From this point I see two possibilities - range/consolidation below this resistance or above it. Personally, I believe that we will broke 440-444$ based also on the...

kometata Updated 

I believe that Nvidia will not fall like a leaf. For today, I expect another test of resistance at the level around 425-430$, but then a rebound to the $439-444 resistance zone, and maybe more, and only then a new decline, if such happen at all.