Hello traders and investors! Let’s see how the NDX is doing today!
First, it filled the gap 14,160, and it defeated the green line at 14,149, triggering a pivot point. This made the stock fly again, and break new records.
The trend is clearly bullish, and we have no pullback/weakness signs around. If it corrects to the 21 ema, we shouldn’t be surprised. There’s the purple trendline that could also offer a support in case of a pullback, but it’ll probably take some time to hit it again.
In the daily chart we see a good movement, and we don’t see any bearish candlestick pattern around here as well, at least not right now. We must see how the index will close today.
Either way, we have a nice rotation back to the tech stocks, as the market realized they are not that bad at all, and I like to say to my followers: There are tech stocks, and there are good tech stocks.
If you know which ones to pick, it is possible to find some nice opportunities here in the tech field. For instance, I’m buying one stock for my personal portfolio today: A tech stock; small cap with good volume; doing a bullish pattern near a support level; amazing financial health and it is a debt-free company. Sounds great. We still can find stocks like this around, regardless of the market’s movements.
I see that a correction on the NDX could give us even more opportunities to buy solid companies at a cheaper price. Let’s be aware of the support levels mentioned and we’ll be fine. But keep in mind: We still have no bearish reversal patterns yet, so, let’s wait for confirmation, ok?
If you liked this idea, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Thank you very much!
First, it filled the gap 14,160, and it defeated the green line at 14,149, triggering a pivot point. This made the stock fly again, and break new records.
The trend is clearly bullish, and we have no pullback/weakness signs around. If it corrects to the 21 ema, we shouldn’t be surprised. There’s the purple trendline that could also offer a support in case of a pullback, but it’ll probably take some time to hit it again.
In the daily chart we see a good movement, and we don’t see any bearish candlestick pattern around here as well, at least not right now. We must see how the index will close today.
Either way, we have a nice rotation back to the tech stocks, as the market realized they are not that bad at all, and I like to say to my followers: There are tech stocks, and there are good tech stocks.
If you know which ones to pick, it is possible to find some nice opportunities here in the tech field. For instance, I’m buying one stock for my personal portfolio today: A tech stock; small cap with good volume; doing a bullish pattern near a support level; amazing financial health and it is a debt-free company. Sounds great. We still can find stocks like this around, regardless of the market’s movements.
I see that a correction on the NDX could give us even more opportunities to buy solid companies at a cheaper price. Let’s be aware of the support levels mentioned and we’ll be fine. But keep in mind: We still have no bearish reversal patterns yet, so, let’s wait for confirmation, ok?
If you liked this idea, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Thank you very much!
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