chickenfeast

chickenfeast

I have been following NBEV for a bit and it might be time to pull the trigger soon. Very high Short Interest in it. break of the triangle and over the 2.16 high point it should have a nice run up to the target of 2.95 or more. Putting a stop at 2.10 risking .07-.08 to make .79.

chickenfeast

Nice set up from HEAR. broke up and out of the downward trend line, then pulled back to the top of the trend line before exploding higher. will look for continuation in order to enter a position

chickenfeast

looking for LULU to pull back. 153 is the gap fill form august 31st as well as a strong Fib line. if it does not push through this a good chance it falls out of the upward channel for a pullback. it is also getting over bought per the RSI

chickenfeast

Not much to say about the SPY chart except the price action has been flat the last few sessions with a morning gap down followed by buyers stepping in and buying it up for the whole day.SPX and been hitting Resistance about 2600 that it has not broken through and has caused price action to be flat as the bulls and bears fight it out. Look at the MACD and RSI they...

chickenfeast

Bullish RSI divergence on SPY on the one hour chart after bottoming on a P9. MACD cross up and a close above the 50 day TEMA. I think these are bullish signs and we will go higher for the next day or so from here. Short stops need to be kept as bad news and algos can dive this market hard

chickenfeast Updated 

I sold a portion of my position on the last 9 on October 29th to take some profit in a down market, even though the stock continues to rise after. I am now selling the remaining position on this 9 because of the market conditions as well as the stock being oversold. I will look to get back in on a dip. Trading is about position risk and I feel this position is in...

chickenfeast Updated 

Based on TD9 a break of the 1 will be a buy. Set stop at the 9 day EMA. Coming off a 9 buy a few days ago, a break above the 9 EMA on high volume, and the overall trend of the stock is up, MACD looking set to make a bullish cross in a few days

chickenfeast Updated 

The TD 9 signal has been very reliable for AMD. see previous posts on TD 9 buy signal which called the short term bottom perfectly. The sell signal is also on a fib line acting as resistance, the RSI is overbought, as well as the DJI and S&P are both on 9 sell signals. I believe this is a good opportunity to short or buy puts. AMD is a very retail heavy stock and...

chickenfeast

We will see where it goes from here

chickenfeast

Huge bottom wick reversal candle on a TD 9. anything above the weekly high is a good buy for a swing. Or if you are like me a good buy point to add to a long term position.

chickenfeast Updated 

MU is breaking out after double top and a retest of the prior swing low. MACD crossing is also a positive sign that a run higher is imminent. The strong performance today looks even better given that other stocks in the same sector were smashed on the ER results of LRCX (which i feel was unjustified). I purchased May 25th 52.50 calls, and a run to the 60 range...

chickenfeast Updated 

AMD has created a perfect 9 buy on the daily chart and I believe this is a good time to buy short term calls or buy the stock for a bounce to the upside. Target is the mid $12's range. It should move easily through the 61% retracement since that has provided very sloppy support and resistance but I am unsure if it will have the power to be able to break the 78%...

chickenfeast Updated 

I recently sold my stake in BABA in the anticipation the price will trend in the same direction of the MACD. This could take weeks/months to occur and I believe near the end of the downtrend in price it will be a good time to buy BABA. Short term bearish

chickenfeast Updated 

The price of bitcoin has hit 3 lower lows but the MACD has failed to make the same lower lows. This is a clear divergence and indicates underlying strength in the price of bitcoin

chickenfeast

There is a large resistance area at about 12600. it was very strong support previously, bouncing the price of bitcoin multiple times. it is also a strong fib level. We will see if bitcoin can break through, if it does it have a very good chance to getting back to 14-15k shortly after

chickenfeast

See chart. bullish divergence