@MDK5ADAY It's still respecting the support and resistance levels.
A breakout end-of-day above ~11.7$ with a decent amount of volume, will mark the real move.
Also we need to be careful about the large gap. these tend to fill-up...
@NighthawkTradez $ONDS isn't going parabolic. In fact, it's still respecting the parallel channel and still didn't breakout of it's immediate resistance ~11.7
Yesterday, its 21 days EMA has crossed over the 50 SMA which is also a good sign, but we have to wait patiently.
$ONDS NEW: ROBOTEAM UNVEILS “TERMINATOR,” A MODULAR COMBAT ROBOTICS UNIT FOR AUTONOMOUS FORCE DEPLOYMENT 🔥🔥🔥
What you are seeing here is the future of warfare.
Ondas is at the forefront.
TOM LEE SAYS A BIG DRAWDOWN IS COMING THEN THE RALLY OF OUR LIFETIME
- 10 of 13 new Fed chairs triggered a 10%+ drawdown in year one
- S&P on path to 7,300 then a decline that will feel like a bear market
- After that, we could see one of the strongest rallies of our lifetime
@TrendSpider Nice thread!
Personally I would wait for the next major resistance at ~11.7 A breakout there will indicate that it wants to test the next one at ~15.2
Is $NVDA's dominance at risk?
IMHO The boom in custom AI chips from Meta, Tesla, Google and Amazon is creating a massive wave of non-Nvidia hardware. Once this reaches critical mass, the moat evaporates and the valuation resets. The era of tailor-made AI is coming for the crown.
@JesseCohenInv "Weekend Wall Street" price is an unofficial, synthetic price based on weekend news and global sentiment, but it is not the official DJIA value and does not affect the actual index when it opens on Monday.