AwesomeAvani

AwesomeAvani Updated 

QQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP....

AwesomeAvani Updated 

CMG catapulted after the best earnings beat with an excessive and overextending move to the upper bounds of the widening wedge pattern and beyond the third upper VWAP band on this 30 minute chart. It did have a corresponding leap in volume. However, I expect a retracement into the 3020 level based on the Fibonacci tool. This is about a 5-6% downside. I will...

AwesomeAvani Updated 

CMCM is on fire with a 90% gain since the earnings report which was not verified by any outside forensic accounting auditors . The Ciniese economy may be recovering with it Cheetah. The price-volume trend is impressive in the past month as a combination of the price moving up responding to spikes of buying volume and positive volatility. I will enter this as...

AwesomeAvani Updated 

TSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or change the trend altogether? The forecasts are there. The tea leaves and crystal balls will tell the rest of the story. In the meanwhile, I will take long trades to play this in the immediate term. One million taxis making $250 / per day every day per each is serious...

AwesomeAvani Updated 

SPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is...

AwesomeAvani Updated 

This is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.

AwesomeAvani Updated 

GL fell on bad news and started its recovery in the after-market hours. The idea is on the chart. It shows how price action can be manipulated and how retail traders can play the manipulation.

AwesomeAvani Updated 

Workhorse could start working again as the 50 minute chart is showing a suggestion of a reversal after a long trend down. Price has passed over the longest moving average which is a SMA20. The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all, there are some golden crosses here. Blue buying volume spikes are seen...

AwesomeAvani Updated 

WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or...

AwesomeAvani Updated 

XAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish divergence starting March 8th. I have closed my long positions in gold and silver and crossed the aisle to take short positions . My target for XAUUSD is down to 2085 which is the...

AwesomeAvani Updated 

On a TSLA chart, TSLA has been trending cown since last May. On the anchored VWAP lines, it topped out crossing above the second upper VWAP about the first week of January '23 then crossing under the same line on January 20, 23 Between August and October price tested and consolidated about the first upper VWAP line. It then fell to the mean VWAP line and...

AwesomeAvani Updated 

SPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength above 50 since November and presently in the 65 range and so not yet overbought. Volumes are near to the running mean. Price Momentum and Relative Trend indicator are more or less flat but are positive. The mass index indicator does not show a reversal pattern. I...

AwesomeAvani Updated 

SPY on the weekly chart is up 25% in the past six months. This is beyond its historical norms even during a presidential election year. While there has been some volatility in both directions the climb is consistent and persistent. The indicators serve to document this. The predictive algo predicts more of the same. A price cut when the fed gets around to it...

AwesomeAvani Updated 

CGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of an application to issue a new class of shares may as well be considered a dilution of current shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further pullback into the 0.618 level given the fundamental news but CGC could rally on trader...

AwesomeAvani Updated 

In my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN...

AwesomeAvani Updated 

RIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a predictive algo added suggest it has room to 13.25. The indicators are supportive of that forecast. I will take a long position here with a stop loss under the lower BB line. As to my FSR put options I will watch them rise until expiration time. No hurry. No worry...

AwesomeAvani Updated 

NKLA had news this week with the litigation over the Badger brand. The news is over and the real trend is hydrogen stations in California and perhaps Western Canada impacting the buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected and fallen into the support of the Fib retracement. Zig and zag I look to enter a long...

AwesomeAvani Updated 

PLTR services DOD and military contractors which is a growth industry given current geopolitical backdrops. I see this as an opportune time to buy the dip which is a healthy correction from a recent trend up. The idea is illustrated on this 120 minute chart with targets and stop loss.