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INTC – 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
QQQ – 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 MoreSPY Opens with a Bearish Gap Lower
SPY had a bearish daily candle open today after a strong selloff from META. Although META had a double beat for the earnings announcement, investors started selling off when META set low guidance for next quarter. Today there is even more bearish news with Q1 GDP and Core PCE Inflation data coming in worse than […]Read More
QQQ Trending Up Towards the Red Resistance Line
QQQ had a strong rebound as well, and is starting to trend up towards the red resistance line. $446.09 will be a key resistance target to monitor on the way up to see if QQQ continues to rally. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Rebounds as Mag 7 Reports Earnings
Last week I discussed that SPY is likely to rebound around $500 price levels. The price dipped slightly below my target, but SPY did have a strong rebound around $500. The price has been trending up, but is starting to stall a bit today. The top companies including META and MSFT are reporting earnings this […]Read More
GOOGL Likely to Drop After Earnings
GOOGL has consistently had post-earnings selloff over the past 3 quarters. I think we could see a selloff this upcoming earnings announcement as well. GOOGL is at resistance at the yellow trendline, and I think the price is likely to drop after earnings. I have the red zone and green trendline as my key price […]Read More
TSLA Likely to Pump by Q2
TSLA investors are nervous headed into today’s earnings announcement especially since TSLA failed to meet earnings expectations for the past 2 earnings calls. I wouldn’t be surprised to see TSLA trade in either direction today, but I’m leaning towards a bullish rebound. I think TSLA recovers in Q2 and we’ll see higher prices by the […]Read More
MSFT Lost Support at the Light Blue Trendline
MSFT is trading in a tight range between the green support line and the red resistance zone. During this recent downtrend MSFT lost support at the light blue trendline, and this light blue trendline is acting as short term resistance around $405.36. I would monitor to see if MSFT can reclaim support above the light […]Read More
HOLO Bullish Gap Up to $0.2797
HOLO has opened the day with a bullish gap higher, and has spiked up to a resistance level around $0.2797. There is an important shareholder meeting tomorrow, and a reverse split could take place next week. Last time the reverse split sparked a strong rally from $1.50 to $98.50 in just a few days. Hopefully […]Read More
Chinese Stocks Start to Rally from Stimulus News
China’s Hang Seng Index Rallies by 33% The key narrative this week has been China providing stimulus to support its stock market and economy. There was news announced on two separate days, both of which led to strong rallies for Chinese stocks and the financial markets. The Hang Seng Index has rallied by 33% already, […]Read More
OXY Trading in a Support Zone
Warren Buffett is currently in the red with his large OXY trade. I think the price is trading within a yellow support zone between $47.27 and $52.53. I would monitor for a potential rebound within this zone. OXY has failed to form a bullish breakout above the red resistance line, but if there is a […]Read More