Yes, NVO has pulled back hard — from highs near $148 to the mid-$60s, now trading around $68.33. While this selloff may look oversold on many levels, I’m still avoiding the stock for now. The broader market remains in a downtrend, and with macro uncertainty still front and center, I’m not eager to jump in prematurely. That said, I’ve highlighted a longer-term buy zone on the chart, with the upper band near $59.88 and the lower edge around $46.20. It’s a wide range, but it sits within a well-defined rectangular support area that I’d be comfortable scaling into — likely in tiered buys if we get there. No rush here. Watching and waiting.
Volatility was again the name of the game in equity markets as investors braced for President Donald Trump’s impending tariff announcement, which promises to reshape global trade dynamics. With uncertainty swirling around the scope and impact of his so-called reciprocal tariffs, there remains little consensus on how markets will react as the final deliberations unfold. A few headlines that have come out: Trump administration official has confirmed that Amazon has put in a bid to buy TikTok Tesla Inc. jumped 5% on hopes Elon Musk will refocus on the carmaker as a news report suggested his time as a top adviser to Trump may end soon. US tariffs will be in bands of 10%, 15% and 20% -- Sky News The bands will differ by both country and industry depending on how the White House views barriers to trade. CNBC: TRUMP ADMINISTRATION CONSIDERING REVOCATION OF TARIFF EXEMPTIONS FOR CHEAP SHIPMENTS FROM CHINA - SOURCE Trump auto tariffs due to take effect at midnight - Reuters The key resistance area to watch today is between 5670 to 5695 - as shaded in yellow on the chart. This zone was previously support and has now turned into a bit of resistance, capping today's gains. Will the selling pressure resume from here or do we go back above it? It all depends on severity of tariffs. In the event we go lower, then the area between 5500 to 5550 is the key support zone to watch. In the event the market go higher, and break through 5670 to 5695 zone, then the 200-day average and prior resistance near 5770-5787 will come into focus next. By Fawad Razaqzada, market analyst with FOREX.com
Hello dear friends Given the price drop we had in the specified support range, the price has been able to create higher ceilings and floors. Now, given the good support of buyers for the price, we can buy in steps with capital and risk management and move towards the specified goals. *Trade safely with us*
The overbought situation is over, I see signs of a bearish trend on the chart. If I see a good red candle, I go short. Of course, I don't think it happened today, we'll wait and see what happens.
The NASDAQ was able to recover temporarily today. Whether this recovery is sustainable remains questionable. After the close of trading, Trump will announce his decisions on tariffs - turbulence is guaranteed. The normalized RSI shows inverse bearish divergences in the area of an important order block, from which one could profit with the setup shown.
Hello dear friends Given the price drop we had in the specified support range, considering the price growth indicates the entry of buyers. Now, given the good support of buyers for the price, we can buy in steps with capital and risk management and move towards the specified goals. *Trade safely with us*
Buy the dips, sell the peaks, and I'll see you at the top.
.No any indications of Reversal .Drive with the trend
Polkadot has been inside a huge Rectangle pattern since the October 19th 2023 Low that created the S1 Zone, a wide consolidation pattern whose top is the R1 Zone. The 1D RSI is already on a HL bullish divergence, identical to both prior bottom formations on the S1 Zone. Since the 1D MA50 has already been breached, we estimate that the price will start the new bullish wave soon. There is no better buy entry than the current level. Aim for the bottom of the R1 Zone (TP = 11.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
? #GOLD Buy 3118 - 3112 ? Stoploss 3100 Breakeven 3118.5 TakeProfit 1: 3120 TakeProfit 2: 3128 TakeProfit 3: 3142 TakeProfit 4: 3154 TakeProfit 5: 3166 Trade at your own risk Protect your capital The Wizard ?♂️ TUESDAY 04/01/2025 12 PM EST https://www.tradingview.com/chart/XAUUSD/2BHAalEc-GOLD-Buy-3118-3112/