Categories
Tech

$LNKD . Watch Tenkan sen support

Watch the Tenkan sen support. $101.8

A break from here will see a target of around $96 (gap support)

Vested.

Categories
Publishing Tech

$AOL . Bearish setup forming

This is a short that is worth looking into.

Unlike the market index like $SPX or /ES, AOL chart has show :

1. The price has not went up further. And it is now below the Tenkan sen

2. The Tenkan sen is turning down (whereas /ES is still exhibiting parabolic movement)

3. The gap between Tenkan sen and Kijun sen is narrowing. This suggest a possibility that a Bearish cross may be forming.

4. Gap support is around $17.17

5. The kumo support is thin towards the first week of March period.

Given the support below and a possible price target of $15 and $12, I will be looking for a SHORT CALL SPREAD.

Categories
Tech

$NVDA . Falls below Kijun sen

NVDA has fall below the Kijun sen (trendline).

While it is still trading above the kumo, we can see that the Tenkan sen is pointing down fairly sharply.

A bearish cross may form if $15 support does not holds.

Vested. Short.