Lately there's been a short covering rally in high yield/junk but I think that ends soon with big tech earnings, FOMC and all of the other economic data releases this week. Macroeconomic picture has not changed. Don't think we break this downward trend line that's been in place all year. I'll also take a long position in TLT to offset exposure. *Not...
Updating my AAL earnings idea: As you can see, we got a confirmation of the described scenario. It was acceptable to sell intraday using the VWAP pullback point. Also on the second day we got something similar to a flag, which has worked out. But of course, being in a position already on the first day, I would not add on the second day.
General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in July 2016. Next, consider how GIS pulled back and held the level yesterday. Has old resistance...
All I want is to point your attention to this base! Today the stock has a report and is above the 50 EMA, which means I will be looking for entry points! Have a good trading day today, everyone!
Updating my TSLA idea: After the report, tesla showed great momentum and I hope some have managed to buy. Because any price around 780 could be a great entry point. Now I would consider the 765 level as a good support that should hold the price. Looking forward to further price movement!
Twitter has been bought by Elon Musk so let's see how much has the company changed since Elon has cut costs, but he has also had a trust loss.
AAL reported today and in my opinion has all the signs to go lower. 1. Bear Flag (for those who want it, the Rising Wedge) 2. Support became resistance 3. Fib levels If there would be good entry points, I will sell
Netflix is reporting today after the close. Most likely, this stock will be in play tomorrow. We have a nice base on chart. So I mark the most important levels for tomorrow and get ready to trade!
Will APPL be able to overcome this candle syndrome? In case it misses its earnings, this is how I see it finding a bottom. I think Apple is being used to "manipulate" the market and keep the indices up. Otherwise, enjoy the continuation of this rally during the 2nd semester! :)
After the strong employment data last week, with stronger inflation! where stocks is heading to? Earning season will be key, not due to quarter earnings themselves, but due to the earnings and sales forecasts in the near future. SP:SPX NASDAQ:NDAQ DJ:DJI
I am interested in Roblox here as it is rising up and out of consolidation. For now, it is exhibiting a desire to stay above the recent consolidation range. I would like to take this RBLX long with a stop around $32 and a target at around $51.50. I will continue to watch the position accordingly. I do believe this is a trade to watch as we head into the August...
Hello to all trading friends .... 😊 This currency still maintains its upward channel, we had 2 encounters with the resistance level of 3.588, we can have another encounter in the same areas, in case of failure of the desired area, it is not far from mind to expect growth up to 6.770. and even higher goals, If we lose the support of (2/249) , read the Fatiha of...
Good Technical and fundamental , darnings good , So Target 4.36 Duration 1 to 5 months........
key levels are some strong they can send the price up or down To create a leve first 1 Go to daily time frame and find 3 candles that touch exactly with red Horizontal line when you finish drawing all lines in daily time frame go to 4H time frame and do exact the same thing that you did in daily time frame if you found 2 key levels are to much near you can...
price retest at support time to sell now trendline h4 will break soon big opportunity will coming
AMD is on a really important zone here. if this breaks, its going to be a disaster for it. we can see 59-60. most of the semi conductor names like AMAT, NVDA or just semi etf SMH are pretty close to 200 weekly moving range. we might see it next week. MU reported ok numbers for this quarter but their guidance is awful. • They slashed EPS by 40% and REV by 20%...
The ammunition industry has been far behind in production capacity to meet the enormous increase in demand. As long as crime continues to be a problem in America, there will be an outsized level of demand. POWW Just opened a state of the art ammo plant in Q2, revenues have grown from $0 in 2016 (startup) to $62.482 million in 2021; with company and analyst...
Well recession started since Q1 and yes, Q2 will be ugly too Considering lowering of bitcoin. Considering lowering of Nvidia+AMD stocks earnings Considering lowering of TSMC, ASML earnings + end on market multiple Then Sox have to sink deeply to 550. The lowest value in 2009 is 168 so it's still 3 times higher than the lowest point and rich will remain rich....