Last week we have many mega tech stocks’ quarterly report came out, some gaps up, some gaps down, so we will take a closer look at these gaps as case studies.
The first chart we like to talk about is the TSM chart. It has a very powerful opening after its quarterly report and it’s an all-time-high gap. Everything look so perfectly set except ...
NVDA has an all time high breakout, again. We put the previous two (S1, S2) along with a S3 prediction in the chart below. Look at S1, S2, and S3s’ slop, angle, carefully. Roughly a standard development is 30, 45, 60, and 80 degrees. These degrees represent human’s emotional reactions to a uptrend market, from caution to overheating.
TSM’s latest quarterly report creates a big gap up. It reached 12% up in the morning but ended with a long tail on the top. We’ve seen this kind of situation from time to time. It could be gap down ended with a strong white bar, or a gap up ended with a long black bar. So, how do we handle a situation like this?
In general, we leaning ...
Let’s compare C1 and C2, see if you can find the difference. They are both trying to recapture an all-time-high level from recent declines. They both have a long black engulfing right after it touches the all-time-high.
Right after the beginning of the uptrend, C1 has three bars with a tail on the top. Though C2 has two bars with a tail ...
About four weeks ago NVDA was moving between 115-120. We didn’t know if it would stay above 120 or went below 115 until the strong white bar on 9/25 we started to think we gain an upper hand for recapturing 140. And it did, as of 10/15, it broke 139 and gets really close to our 140 target.
It is crucial that it reaches 140 level, it doesn’t ...
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