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USD/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
HOLO Shareholder Meeting Today
HOLO has an important shareholder meeting today, and there is likely to be a 1:20 reverse split sometime next week. We’ll have to wait for some news today or over the weekend to see the details of the reverse split. For now HOLO is trading near a $0.2797 resistance level, and is attempting to flip […]Read More
QQQ Attempting to Build Support at $488.43
QQQ is trading within a key white resistance zone, which was a price level that I discussed for a strong rejection. However, so far QQQ has been holding up pretty well here. Despite numerous red candles forming QQQ is still holding above the lower end of this white zone around $488.43. I would monitor to […]Read More
Bullish Gap Higher for QQQ
The U.S. stock market is also rallying higher from China’s economic stimulus. QQQ opened the day with a bullish gap higher, and is trading above the red resistance zone that was discussed yesterday. I would carefully monitor the price action here, there could be a selloff and a move back down. Bulls want to keep […]Read More
IWM Attempting to Rebound Despite Bearish Streak
There has been 6 consecutive red days for IWM, but the price continues to hold around the $220 price level. IWM opened the day with a bullish gap higher, but is still trending for a red day. IWM is attempting to hold above $219.45 here to stay above support in an attempt to start trending […]Read More
MU Spikes up 16%+ After Hours
MU reported strong earnings yesterday and has spiked up 16% during after market hours and this morning. I think MU could rally to new all time highs around $166, but I would pay close attention to the market conditions to ensure the U.S. stock market doesn’t start to break down. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreHOLO 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
QQQ Support Flipped Into Resistance
QQQ has reached a key yellow support level, which was previously acting as support. There is now resistance forming at this level around $516.50. I would monitor for continued resistance at this price level for a rejection and selloff. The yellow trendline is sloped upwards, so the resistance level will increase over time. For now […]Read More
SOUN Likely to Rally After Nov. 12 Earnings
In my previous SOUN update I made an error thinking that SOUN was reporting Q4 earnings. Historically Q4 earnings is bearish for SOUN, but on Nov. 12 SOUN is reporting Q3 earnings so my apologies for the mistake. Q3 earnings has historically been bullish for SOUN, and I’m expecting to see more upside. SOUN is […]Read More
HOOD Approaching $35 Resistance
HOOD is benefitting from the crypto rally, and likely to continue to rally back to previous all time highs around $83.80. In the short term HOOD is approaching resistance around $35, and I would monitor for a rejection or pullback at $35. Follow me on social media: https://linktr.ee/realchartchamp
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