My friend is heavily invested in Air Canada and was looking for some potential break outs (or break downs!), so I ran through the whole analysis playbook of how I look at stocks. In this video, I cover how to analyze price action, fibonacci, some pattern techniques, moving averages, and ichimoku. Overall, I'm looking to buy the dips with optimal entry around...
Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire? Keep asking yourself that question.
Caution is in order although charts are still holding their bullish bias for now.
Markets in Euphoria, Cryptos approaching area of a potential pause/ reversal point, markets need more than pocket change. Remember key areas can go either way, trades take time to play out. Keep it simple, be patient, think risk/reward.
Leaning Bullish. More bearish under ~12.25
Don't like the move yet off the bottom. Leaning Bearish
Not much has changed. bearish short term
Leaning slightly bearish with 11.75 target for a bullish reversal. Bullish longterm over 10.72
Waiting for one direction or the other. Expecting another low right now. Still bullish based on move off 10.72
Got the drop I was expecting but move up doesn't look great. Leaning bearish
Leaning bearish right now. Expecting reversal relatively soon ~12.5 to 12.8
Continues bullish move. Target ~16 for 3rd wave. Wave 2 bottom could be in now. Get more bearish under ~13
American Airlines overshot target by $0.25 with a weird spike move. Counting that as a top. Correction looks to be over soon or over now. Leaning towards a bottom around ~12.50 but this move off of the .618 extension has promise.
Expecting top ~13.75 for this move. Could be in at 13.30
Looking to see a reversal soon if bullish. close to my target for wave C right now