Lilbuddadude

Lilbuddadude

-OTLY Sitting on support and looking for an up move -CEO announced that the company's main goal is focusing on growth -Oatly got hit pretty hardy on Friday with a lot of selling, but I believe it will bounce back as long as the market rebounds tomorrow. -If market continues to drop, this stock could see

Lilbuddadude

-Consolidating after a healthy uptrend with alot of good volume on the daily chart -Once this breaks out of this consolidating channel, I can see this hitting $7 and then $8 -Pre Covid it was trading around $9 and it is on its way back to fill those gaps

Lilbuddadude

Seems as though the rising wedge pattern is already starting to play out...

Lilbuddadude

-Clean breakout of the bullish pennant -Slight Volume increase -Bullish MACD -Low Float -Increase Hype on Reddit This thing has the potential to fly. Will be looking for an entry position on a retest or dip

Lilbuddadude

-Natural gas is seeing alot of news recently. -Currently in a massive rising wedge pattern on the daily -A breakout of the pattern could send it into a new bull run up to its ATH again

Lilbuddadude

-BEARISH Rising wedge pattern on the 2hr chart. -Volume slowly decreasing the past week - We could see another retest of the ATH before this Bearish scenario plays out -If price breaks out above ATH with good volume, we could see another short term bullish move before any significant drop -Every indicator is pointing towards a drop, we just don't know when...

Lilbuddadude

SPY hit my 2nd target and now I am looking to short again. -Price broke out of bearish channel on the 15 min chart and is currently retesting channel. -If price fails to re enter channel, next target will be 419 and then 418

Lilbuddadude

-Last time the price surged we saw a -70% retrace to the strong support area. -Next support zone is over 40% down -RSI extremely overbought Is this the end of this weeks pump or is there still more upside?

Lilbuddadude

Next stop ATH

Lilbuddadude

-Previous resistance is now acting as support for this week -I expect a retest of ATH soon

Lilbuddadude

-Bullish price action today showing that the downward channel breakout was legit -418 is now the new support for this week. -422 is the next price target if 418 support holds

Lilbuddadude

-Price has been trading in a new channel -SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance. -MACD also crossed bearish on the 30min and about to cross on the 1 hr as well -I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop

Lilbuddadude

Could we see a retest of the All time High before we continue down?

Lilbuddadude

SPY gapped down huge but buyers stepped in and we saw it make a recovery during the day. The downward channel hasn't been broken yet and the price action the next couple of days will tell us which direction we are headed. -Price still in downward channel -A breakout of channel = Bullish move -Rejection of channel = Another gap down and selling -Increase in...

Lilbuddadude

SPY still hanging on in this new downward channel. Dojis on the 2/3 hour chart at top of channel and formed a rising wedge on the 30 min. Volume very low as price has gone up past couple of days! I think 400 is a very possible target for SPY this month

Lilbuddadude

SPY gapped down once from a bearish RISING WEDGE . Looks like another RISING WEDGE is forming. 400 is a strong support that a lot of traders are watching. If price moves down tomorrow to this support area there could be a nice bounce up from there.

Lilbuddadude

SPY Fell to bottom of the wedge's support as expected and has broken out! The current uncertainty of the market, overbought stocks, rising inflation, and now gas & oil scares, all played a part in this move down. Are we over yet? In my opinion no. We are just getting started to a bigger correction. Next support is 401, which I think we will see before the end...

Lilbuddadude

SPY loves to follow wedge patterns and it looks like its trading inside a BROADENING WEDGE pattern. Another drop to 412-413 area could be seen soon. A break of the bottom trendline of the wedge could result in big downward moves, filling the large gaps it made on the way up. If the bottom trendline holds, we could see another ATH. As a beginner, I'm still...