saltysaver

saltysaver

GOOGL is one of the last laggards in the juggernaut mega cap tech. They have some legal battles, but the future is still bright if you follow the cloud trends. For the market to continue to break out with the upside trend Google needs to participate more. Upside targets are 117, 125, & 135 . My exposure is low, I own 3 long calls. The GOOGL20220916C115 @...

saltysaver

there is a bull flag pattern we are breaking out of that would call for a 37 PT if realized fully. Clearly has broken out already and I am late to the game on this name. I am watching for weakness / pullback in this name. there is a share dilution of 17.5 mln shares ~10 of outstanding shares I believe if my math is correct that is from buying out QLP to take %50...

saltysaver

the large gap at 11,187 finally filled with a bounce! good sign that the destruction in the nasdaq stocks could be nearing a turning point. real company earnings are doing quite well and most stocks have been absolutely crushed. the nasdaq 100 has held up more likely bc megacap tech has taken a beating last which likely to continue some more. good news for stocks...

saltysaver

The $NDQ is looking to be forming an inverse head and shoulders pattern that would call for a move into 17k territory for the index. In addition to that bullish reversal pattern there is strong bullish RSI and MACD divergence. Interesting spot for markets to be closing on a short week. Q1 of 22' has been pummeled with negative headlines, IMO positive news will...

saltysaver

basic chart here, but important. there is strong daily RSI & MACD divergence from price as denoted by green lines. the dotted green is major trend line support. it is not ideal that major trend broke, but could be a back test of the strong support zone before a breakout. price is diverging by making new lows that are gaining technical strength above the previous...

saltysaver

Micron is coming out of a failed cup and handle pattern as it has given up the entire cup. Interesting set up of the falling wedge for the second time as it failed to breakout higher than the low 90s. low valuations support a relatively risk off trade. long micron here is not a bad option given their guided EPS. trade would be to target the upside on retest of...

saltysaver

AMD appears to be in a falling wedge off its ATH. The stock really needs to show some strength and close above the 20 sma. overall we have declining volumes and consolidation while we make lower lows and lower highs. if this wedge fails look for 98.70, 96, & 88.4 for support. if this pattern holds look for a up gap fill to 118 and a retest of ATH. Good luck to...

saltysaver

watch the falling wedge for the bullish reversal. 20 SMA ~365. interesting symmetry from the swing high to what now might be the swing low. due own due diligence, not a recommendation either way! large risk profile in this name as ATH is up over 400% year to date.

saltysaver

Anchored VWAP since july 27 is ~408. coincidentally also the 0.618 fib retrace level using 422 as 1. A strong trading name after massive run. looking for it to hold the 408 level, long term love the name.. lots of noise in near term. the head and shoulders top also measures to the 408 retrace. breakdown of 400 could bring 350 (the 20 SMA). there is large...

saltysaver

A10 just beat on their earnings. Software as a Service, particularity in cybersecurity is a great place to be. Company has 0 debt and gaining traction, they work some large companies and governments. Their cloud approach is a winner for data center management. Near term the cup and handle held, where the handle did not dip below 50% of the cup depth. Short term...

saltysaver

Multi year inverse head and shoulders. there is some some nice asymmetry in the shoulders. A nice rising wedge forming on the right shoulder. Tech is oversold. With the AMD buyout offer on the table at 1.7234 shares AMD for 1 XLNX this is a nice hedge. offer has yet to be formalized by the regulatory agency so not a set in stone deal by any means. 210 is a nice PT...

saltysaver

$ATOM we have some interesting charts happening with this one. Major uptrend is the dotted yellow line. Bearish scenarios are $19.22 & $13.53. 19 correlates within the recent linear regression downtrend. The RSI is turning bullish and MACD is neutral. In the yellow circles we have bullish candles followed by neutral bullish candles. The last major upside breakouts...

saltysaver

Don't count this dog out of the fight. Head and shoulders correction appears to be over in the NASDAQ as we've broken the neckline and turned positive. Strong trading next week with the wknd stimmy deal in the works and t yield fears grossly oversold, especially with high earning tech. last consolidation $amd retested support at 49 three times, to then fake retest...

saltysaver

Watching tech with these corrections. Macros and stimmy get us up. Can't ignore possible warning signs along the way though. Thoughts?

saltysaver Updated 

I'm in this name at $11 with a small position. Obviously the stock is running pre market, so this is where I anticipate $BNGO to move. Biden Administration could add fuel to the fire by giving them some $ to map COVID variants. Their tech either way is in increasing demand. From technical pattern.. we have a nice channel forming. $16 looks like resistance,...

saltysaver Updated 

There is a lot of volume moving into this foundry play on the toshiba news. pink indicates gap channels support/ resistance along the way. Likely to see some consolidation here until we get more news, perhaps a easy move to $12 for ER. Personally I am eyeing an entry in this at $7.66, thoughts? NOT advice just what I see!

saltysaver

Here we have a steady uptrend meeting some weekly consolidation on the daily chart. The weekly shed some insight to where the stock might be headed sooner than later. We have a bull flag pennant on weekly chart with a flagpole ~26 points. Major uptrend in linreg where we have a nice steady channel. Looking for this to break up. Just what I see not advice!!

saltysaver

Just my opinion, not financial advice.. please do your own research! I see a largely undervalued utility forming an ascending triangle. There is strong support ~53.50. Personally I am hopeful this value play, with a safe dividend yield will get some gov money from the 2nd round of stimulus. A catalyst around Vogtle or stimulus deal could help this punch on...