ClearValue Team Insights
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Will SOUN Rally Headed Into May 9 Earnings?
$SOUN had a very bullish rally in Feb. 2024 due to news that $NVDA owns 1.7 M SOUN shares. SOUN has an important earnings announcement on May 9 that could be the catalyst for a continued rally. NVDA also has earnings a few weeks later on May 22, which can also affect SOUN’s price action. […]Read More
NVDA Bullish RSI Rebound Headed Into May 22 Earnings
All eyes will be on $NVDA headed into the May 22 earnings announcement. NVDA had a very bullish RSI bounce and rebound marked by the green triangles. There is support at $756.58 and resistance at $972.04 headed into May. I think it’s possible that NVDA breaks through the $1,000 barrier on this next move up. […]Read More
U Seasonality Suggests More Downside in May
TrendSpider’s seasonality index suggests that there is likely to be more downside for U in May. There is also a nice multimonth bullish trend between June, July, and August. I think a swing trade buying in May and selling in August makes a lot of sense. U is already at a great price but just […]Read More
SPY & QQQ Are Trending Up
The S&P and NASDAQ have successfully rebounded and are trending up. GOOGL and MSFT delivered big time yesterday. NVDA will get a lot of hype and attention on May 22 as well. For now I think the stock market is recovering and trending up.
Read MoreINTC – Patience for the Price to Bottom Out
INTC has been making a lot of headlines after a steep decline after yesterday’s worse than expected earnings announcement. AI chip companies have been in a downtrend in general, but INTC has been underperforming relative to the others. I think NVDA’s earnings announcement in May is likely to be a catalyst for these AI chip […]Read More
Shifting Landscape Of Tech Stocks
In the past year, technology stocks have been favourites among a wide range of investors due to the strong growth in their share prices. Specifically, the respective stocks from Nvidia, Alphabet, Apple, Amazon, Meta, Microsoft and Tesla have been chosen as the preferred ones, winning the title of the “Magnificent Seven”, with Nvidia’s stock recording […]Read More
BTC Still in the Bull Pennant
BTC also still looks bullish to me despite having some short-term downside. As long as the price is trading within the bull pennant I think BTC has a chance to start forming a bullish breakout. I wasn’t expecting any strong moves in April, I think May will be an important month to monitor for the […]Read More
ETH Retests the Green Support Zone
There has been a selloff in the crypto markets as well, but the price action still looks bullish to me. ETH is retesting the green support zone, and I would monitor for a rebound here. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreQQQ – Bearish Gap Lower as Well
QQQ has a similar structure as SPY with a bearish daily candle open today after a strong selloff from META and worse than expected GDP and PCE inflation data. All eyes will be on MSFT and GOOGL earnings to see if the markets can rebound despite the bad news. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreRed Streak Continues for IWM
IWM continues to experience a streak of consecutive red candles around the $220 price level. There has been little progress in both directions, and we’ll see if IWM starts to find a direction next week. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreNVDA Retesting the $118.40 Resistance Level
NVDA is trending down towards the yellow trendline with an approximate target of $118.40. NVDA is trying to flip this resistance level into support, I would carefully monitor to see if the price level holds or starts to break down. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreUSD/JPY Declines from Ishiba’s Victory
USD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]Read More