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28 May 2024

Intuit Reaching Strong Support

Intuit (INTU US) has been under significant pressure since the earnings release last Thursday, dropping by 12%. The stock is now approaching the last swing low support on the long-term trend (weekly chart). Keep an eye on this crucial support zone between 585-595. Source: Bloomberg

24 May 2024

S&P 500 Index reversal candelstick pattern

Yesterday, the S&P 500 index posted a reversal candlestick pattern. The market opened at a new all-time high but closed at the day's lows, wiping out all of last week's gains! This pattern is typically a warning sign. While the trend remains bullish, a consolidation often follows after reaching a new high. Keep an eye on it. Source : Bloomberg

23 May 2024

Exciting Developments for Dassault Systemes

In January, Dassault Systemes broke its long-term downtrend—a very positive sign. Since then, the market has consolidated by more than 25%. Recently, we're seeing signs of demand, confirmed by stronger-than-average volume in the short-term trend. Keep an eye on it. Source : Bloomberg

21 May 2024

Utilities Sector reaching an important level

Utilities sector (XLU US) has reached an important resistance zone (72,50-73,80), with its short-term trend showing bullish momentum against a long-term bearish trend. After rallying more than 30% since October, the question is whether the market can break through this significant resistance. Source : Bloomberg

16 May 2024

Siemens looking for support after earnings

Siemens (SIE GY) under a lot of pressure after earnings report. Trend remains bullish. For the moment consolidating after recent new all time high. Support zones to look at are 173,52-175.64 and major 169,70-171,95. Source : Bloomberg

16 May 2024

Bitcoin showing strenght but entering resistance zone

Bitcoin (XBTUSD) is approaching resistance zone 66'500-67'300. If it can close above that level, this could be the end of March consolidation. Keep an eye at this key level. Source : Bloomberg

15 May 2024

Salesforce showing strenght for the first time since February

Salesforce (CRM US) has consolidated 16% since February highs ! Today it's trading above last swing high. Keep an eye if it closes above 279.70. Source : Bloomberg

14 May 2024

Home Depot testing strong support again

Home Depot (HD US) has just tested support zone 330-335 after earnings report. Keep an eye at this important level. Source : Bloomberg

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