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SNDL: Tired of seeing it dropping? We might have some good news!Hello traders and investors! Yes, SNDL is heading to our target at $ 0.95 again , which is good. In our last study, SNDL was doing some nice patterns, but unfortunately, none of them were triggered. Now that we are close to our target at $ 0.95, we might see something interesting again. And if you missed my previous public analysis on SNDL, the link to it is below as usual. In the daily chart, is clear the importance of the $ 0.95 , as it was a relevant resistance in the past, and it has been working as a support level now. Since SNDL is inside a congestion , between the $ 1.64 and the $ 0.95, all I know is that when we get close to the bottom area, we should buy, and when it gets near the top level, it is time to sell. Of course, it is not that easy, because we must wait for the right patterns to appear . For instance, the last buy opportunity on SNDL was during that Hammer pattern, which we also discussed here in my public analysis. Now, if SNDL does anything similar, it’ll be a great buy sign. The volume is very low, indicating that it is dropping not because we have a sell-off, but because the market is weak. What’s more, the weekly chart is looking curious: For the first time in a very long time, SNDL is trading above the 21 ema , and what’s better, it found a support at it now. If SNDL is about to react, now is the best moment. And if you want to keep in touch with my daily updates, remember to follow me , and please, support this idea if you liked it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
22
PLTR: Complete Analysis (Hourly/Daily/Weekly charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts! This stock dropped sharply in the past few weeks, but right now it is doing something interesting. For the first time, it is breaking the bearish bias seen since it started its fall around the green line ($ 37.95), as we see higher highs/higher lows. This movment is natural, and not surprising at all, as we already discussed in my previous analysis, last week ( link below). What’s more, the 21 ema is pointing up, and the price is above it. We can assume it’ll reverse the bearish sentiment seen in the daily chart as well. The bias is still bearish in the daily chart, but if the 1h chart persists in its bullish sentiment, then the trend will eventually reverse in the daily chart too. What are the main challenges PLTR has right now? First, the 21 ema, which might offer resistance today or tomorrow. Second, the volume is still quite low, so, looking at the daily chart some people might not be entirely convinced by it. Aside from that, if PLTR keeps trading at this level until the end of this Friday, the weekly chart could be very interesting: At any moment the bears could make PLTR trade under the 21 ema and the 61.8% Fibonacci’s Retracement , and this is interesting. Clearly, this combination makes a very strong support level. In fact, PLTR did a very powerful Hammer candlestick pattern last week, with a nice shadow under the candlestick’s body, a good thing when we talk about Hammers. And this week we have a Bullish Engulfing (so far), making the situation quite bullish. Now, the 50% retracement may work as a support, but I believe the 38.2% level is more interesting, as it is exactly at the same price level where it would fill a gap. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea with your like! Thank you very much!
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by Nathan_The_Finance_Hydra
12
SNDL: Target hit! What's next?Hello traders and investors! Ok, SNDL did exactly what was supposed to do since my last analysis, which is great. Let’s see the scenarios we can work with from now. First, in the 1h chart, SNDL lost the support level at $ 1.32, which was an important key point for the short-term, and it sought its lower support, at $ 0.95, as we discussed in our previous analysis. If you missed my last analysis, which was public, the link to it is below, as usual. But SNDL didn’t only hit the $ 0.95, but it did an amazing bullish candlestick pattern in this support area, called Tweezers Bottom . This was a clear buy sign, and what’s more, it is now doing higher highs/ higher lows in the 1h chart, and it did a bullish pivot when it defeated the $ 1.22. The price is above the 21 ema (which is pointing up), and everything tells me we are in a short-term bull trend . Pullbacks to the 21 ema are expected, and shouldn't be enough to make you panic. Let’s see the daily chart for more clues: The Tweezers Bottom in the 1h chart made this Hammer candlestick pattern in the daily chart, just above the $ 0.95, reinforcing our idea that this was a very important Key Point. Also, it was not by chance that I saw the $ 0.95 as a support level. As we discussed in my last analysis, this point was previously a resistance on Dec 2020, and according to the Principle of Polarity, it was supposed to work as a support next. The market has memory, and it always remembers its key points. Now, the next target is the $ 1.64, but as long as we don’t see a very powerful candlestick pattern, with a good volume , the movements on SNDL are going to be slow and boring. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if it helped! The link to my previous analysis is below. Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
8
NIO: Is it now ready to fly?Hello traders and investors! Let’s see how NIO is behaving today. First, in the 1h chart, it is sitting right at a very important key point , which is the purple line at $ 38.33. This line is not here by chance, and when we talk about the daily chart I’ll explain why. For now, let’s just keep in mind that the purple line, along with the 21 ema made a resistance zone , and NIO has to defeat it in order to fly again. The trend is still bearish , as we have no higher highs/lows, but if NIO defeats this resistance zone, it could be a good start. But as long as we don’t have any clear reaction, there’s nothing to do, but wait for a safe buy. Now, let’s see the daily chart: The thing is, despite the drop, NIO reacted amazingly well last Friday, as it did a very powerful Hammer candlestick pattern , with a very long shadow under the candlestick’s body (with high volume , by the way). This is a good sign. Not enough to trigger a buy opportunity, but good, indeed. Now, remember the purple line? Here’s why it is so important: It was a support level twice, in Nov and Dec 2020. Now, it could work again, and if it does, we’ll have another challenging point at $ 42.10 (black line), and another sell zone near the green line and the 21 ema. But all of this will depend on how NIO will close today, and the way it’ll close. If we see a good sign around, it could give us a brilliant opportunity. If not, the bearish sentiment will prevail, and the stock will seek for lower levels. If you liked this analysis, remember to follow me to keep in touch with my daily analyses on stocks, and if this idea helped you, please, support it ! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
15
Ultimate Candlestick Cheat Sheet For CryptoHello, traders! Here is the cheat sheet for the candlestick patterns. They are divided into five groups: -Bullish Reversal -Bullish Trend Continuation -Bearish Reversal -Bearish Trend Continuation -Neutral All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle a lot of useful information can be received. For example if the candle have the long wick to the downside and short body (hammer), it means a huge bullish pressure and this is a reversal to the uptrend sign. When you have three stars in the South formation it is can be noticed that the wicks to the downside are long and bodies became shorter. It means the weakness of the downtrend and also the sign of the potential reverse. If the candle have a very small body (doji) this indicates that the market is in indefinite situation. Bulls and bears war did not lead to price changes and future price direction is unknown. Do you use the candlestick patterns? Please write your comment and give us a support with like if you like such cheat sheets! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
11
SPX: The bull trend still persists!Hello traders and investors! Let’s see how the index is doing today! The index is performing very well these days, and it is frustrating the expectations of the bears again. It defeated the black line at 3827, which seems to be a Key Point for SPX, as it worked as support and resistance a few times in the recent past. Now, this point is supposed to work as a support level, according to the Principle of Polarity. What’s more, we have the 21 ema as a support, but we can’t rely too much o that at the moment. It seems the index will try to fill its another gap, and even retest the green line. In the daily chart, the index triggered the Downside Tasuki Gap , which we mentioned in my last analysis (I did the analysis before the market close, right now it seems it is more a big Harami pattern), and now the index is just resuming the trend. The index would be more bullish if it closed above the 3827, so, the situation is not easy to read. The volume was quite low these days, but it seems the bull trend is still here. We must keep our eyes open, and if you liked this analysis, remember to follow me , and support this idea! Thank you very much.
SP:SPX
by Nathan_The_Finance_Hydra
12
NIO: Still trading DANGEROUSLY near a support level!Hello traders and investors! Let’s talk about Nio today! My previous analysis was last Monday, what could've changed since then? Oh, and I'll leave the link to my previous analysis below, as usual. Today’s drop was very technical, as NIO just went down to fill the gap at the dotted black line, around $ 54.60, and now it is quickly recovering. The $ 54.60 was a very good support level, but we must be aware of the 21 ema now, as it can work as a resistance. Also, it did a false breakout from the green line, which is a good bullish sign, but NIO must show more signs of strength around, before it can fly again. Now, to the daily chart: On the bright side, today’s candlestick looks like a Hammer pattern, and the $ 57.20 is still an important price level to keep in mind, as it seems the price can’t drop below this point. The volume is still low, but this is a good sign in this case. When we see a stock dropping or in a congestion with low volume, after a strong bullish movement, it is not a sell-off sign, but only a harmless pullback. Let’s keep our eyes open on NIO. We must be very careful and look for the right timing. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea before you leave! Thank you very much. Have a great week!
NYSE:NIO
by Nathan_The_Finance_Hydra
22
SPX: New record high? Some scenarios to work with!Hello traders and investors! The SPX did a new record high today, which is amazing. Let’s see what’s going on here. The index is still trapped inside the congestion we mentioned yesterday, between the green line at 3861 and the black line at 3827, and as long as we don’t see a real breakout from any of these points, the index will continue moving sideways . If you missed my previous analysis, just check the link below. On the bright side, we are trading above the 21 ema, which is still pointing up, so the bias is slightly more bullish than bearish . If the index defeats the green line again, probably it’ll resume the trend. Let’s see if the daily chart now: Yesterday’s reaction was very impressive, indeed. We have a powerful Hammer candlestick pattern, that is almost a Dragonfly Doji, which was triggered today. The volume was quite high as well, so the SPX is quite strong at the moment. The trend is clearly bullish, and we have no clear reversal or pullback signs around . As long the index keeps trading this way, the trend will persist, according to the 6th tenet of the Dow Theory . But if the index loses the 3827, we may see some pullback ahead, and the 21 ema would be the next stop. For now, let’s see if the index will break the 3861, as this is the most challenging point for the index right now , and if it defeats this point, it’ll fly to new levels. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea ! You’ll find some of my previous analyses below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
10