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Alphabet shares pop higher on this ruling, giving indices a lift
Alibaba Group Holdings Ltd. Stocks – BABA
And finally one stock that I don’t have to repeat – opened with a gap…to the downside…lost a major support…
Baba rocks!
As I said on Friday – road is open and clear – first target lies at 148.45 and the part “beyond” should be somewhere in 165.00 area….for now
Support at 136.10
Advanced Micro Devices Inc. Stocks – AMD
Yet another victim of prolonged weekend – AMD opened with a gap to the downside, breaking automatically trendline…. hit a new low 156.60
It is trying to fill up the gap, but it would be really surprising if it manages to do so and go above 162.00
In this moment it is targeting 152.45…unless it surprises us all…
Hims & Hers Health Inc. Stocks – HIMS
Hims without a support – tried to reclaim the gap it started the day with, but without success…
Maybe if it changes ticker to Hers would have some…
This is most probably the beginning of a new wave down, with the target at 31.75
Resistances: 42.35, 43.45 & 44.50
NIO Inc. Stocks
After a sizeable dip today, Nio rebounds strongly…
Now let me give you reality of it all:
Moves like this one – that started on 8th July of this year , usually go in two waves and we’ve seen them already.
There is always a possibility that it might break to the new high and make another wave as big as previous two, but probability of it is very low.
This current move can easily end up in 6.65 area and push Nio down towards 5.50
However, if we are going to look at it with high positivity, if Nio moves above previous high we would be in for attack at 7.71 and the whole formation starting back in April 2024. would be one Giant Bear Trap – and I am counting on it…
So let’s sit back and watch 😀
NAS100 (NASDAQ)
What stands out in the NAS is its failure to following US500 to a new re4rod high.
Now on the defensive and dependent on 22970 and then 22677 holding to keep the downside ciontained.
]Treat any bounce that fails to regain 23316 as a retracement, at least for today.
NAS100 4 HOUR CHART
As posted earlier (bounce since from 3470… 3500 clearly the pivotal level)
XAUUSD (GOLD)
New record high t 3508: Was this mission accomplished?
3500 will ultimately answer the question
Meanwhile 3450-66 needs to hold as support to keep a bid focused on 3500 while only below 3437 would produce n outside day.
XAUUSD 1 HOUR CHART
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