On this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set up detects divergences to forecast near-future price action. One the chart text box comments serve to explain this a bit more. Basically if price is flat and RSI is...
This stock is a small DSP (demand-side platform) set to experience some growth as one of the alternative media spends as google sunsets 3rd party cookies from chrome. Most companies should have been contracting late last year into early this year rather than act reactively in Q3 of 2024 when 100% of cookies are said to be done away with. I started buying in the $4...
Quick disclaimer, I've posted many Ideas for this stock expecting an uptrend and they haven't panned out, but I'm going to pull out my inner Michael Burry and claim that I don't think I'm wrong, I'm just early. AMC is currently being pinched in two downtrends that date back to Aug 24th and 25th. The closer resistance would require the stock to break/stay above...
Someone asked me for my thoughts on DVN and I thought it would be a good opportunity to do a live analysis of how I get my charts to look the way they do (messy). The further you go down in timeframe, the more algorithms you start to see and create. But here is an initial Daily bias to go on - and look to see some of these long-term selling channels broken in...
WDAY provides software for large enterprises; it reports Monday the 26th after market hours. On the 15-minute chart, it is surging. A recent news catalyst was an upgrade to a target of $ 350. My call options went double digits from a buy on Friday the 23rd at the opening bell. This looks like a good one for earnings scalping whether it is with shares or a...
I previously published the idea of shorting GE. It has now pulled back more than 4% on the retreacement. The short idea paid well using put options to profit from the pump of earnings expectations. Earnings were great but the run up was too much for traders. GE has now retreated and is ready for a long entry. Price is now in the undervalued range of...
RIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a disaster which is now baking in the oven Earnings have plummeted. If guidance was better than realities forecast there might be a dip buy here. i have a variety of positions shorting RIVN when it runs a countertrend correction I will take a hedging long position...
DOW Inc. had been downtrending for quite some time (since it made a double-top peak in April of '22). But, I'm seeing signs of life. On the monthly timeframe, it's squeezing with rising momentum. On the weekly timeframe, the squeeze fired 2 bars ago and, there's a Daily squeeze primed to fire long. Combine that with the fact that it just formed a nice cup &...
SHW has a history of making outsized moves on the back of Daily Squeeze action. In the recent past, it has moved in "harmonic" 50+ point surges. If the next daily squeeze fires long, I look for it to run up to it's prior high at $354. If it behaves like it did last quarter, this could happen on the run up into earnings. Thankfully, we're 1 month out, which...
PLTR has earnings on February 5 while on the 120 minute chart, the price action is that of a rising wedge with price compressing between a rising support trendline and a falling resistance trendline the extension of the neckline of the head and shoulders pattern of November. PLTR fell today and is near and above support. In a long trade, I see the target as...
Fundamentals The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless,...
TTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
Expecting a gap to 504-510 following the report today, then continuation to 520 by 1/31/2024. - After it hits 520 it will pullback to test 504-510 for support - Then continue to 556 by mid-late Feb. 2024 ~Stop loss 464
Parsons reports in 2 days. This multinational engineering firm thrives on infrastructure projects like highways and bridges, airport runways and other engineering issues such as cybersecurity walware attacks, election interference, DOS wars, dams, irrigation projects, 100-year storm assessments and FEMA related work. I am very familiar with this multinational...
META target by end of Feb 2024 is 420. 3 most likely paths to target: 1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024 2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative) 3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420...
WM is impending earnings in the next trading day. It is a demonstration that there is money to be made in the efficient collection of garbage and recyclables On the daily chart, since the earnings beat, it has trended up through a high volume area breakout and a breakout across series of VWAP lines and bands anchored in the intermediate past. The volumes...
The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure. The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important...
Looking at my past track record, I am becoming somewhat of a fanless guru hahah - I better knock on some wood; otherwise the market goods give me a losing streak like I have never seen. However, it is nice to see how these age-old rules coupled with some patience work. Anyways, enough of bragging and lets get to the trade Fundamentals The market is...