Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate...
Cup and Handle on Starbucks formed, broke up and out of it and is heading up. The moving averages are super bullish 7>21>200 Target $113.42 CONCERNS: The handle has formed gaps which is not good for TA as gaps close 70% of the time. This makes it a Medium probability trade where I only risk 1.5%
Walmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended. The change in consumer behavior benefited retail...
HDSN is showing a classic bull formation for upside. We have a Double Bottom accompanies by 7>21>200 Moving Averages. Right now we are seeing a retest to the 21MA which hopefully it gets its catalyst for further upside. I don't like how the breakout was treated, but the system is the system and the long is activated.
BG has been showing strong upside signs with moving averages crossing up. We also see a potential Cup and Handle which strong upside to $127.57. However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower. This makes this analysis a medium probability trade where I'd only risk...
Skew Inverse Head And Shoulders with a target of $174.65. We do see bullish signals momentum wise where 7>21 >200. Bullish Let's just hope a bull market does kick in here as we enter the Christmas season with a Santa Rally.
Nike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 ...
- Price is back above 2022 Mid-level - 2022 Open = 2022 High = 2023 Yearly R1 = Imbalance - If Dollar-weakness continues in DEC a rally higher is likely - Wyckoff accumulation-pattern completed - Look to buy the retrace begin DEC
Sell opportunity at the marked blue area. Wait for additional conformation in the lower timeframe.
Look for sell seup in the marked blue area. Need one more confirmation in lower timeframe.
Potential Inv H and S on 3D Systems. It looks ok, but the price still remains under 200MA and we need a break above the neckline first. I wouldn't risk more than 1.5% for this trade. Target $15.13
Today you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO). Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11. fortune.com If you enjoy my ideas, feel free to like it...
And, just when you thought the world was about to end.. Jussst when you thought that Bitcoin had found the bottom.. Jussssst when you think that you might as well just enter into a macro trend because its never going to end.. Jusssssssst when you find a perfect trend line and decide to over leverage just this one time.. The universe wags its finger, and albeit...
Inverse Cup and Handle has formed on Daily with Apple. The price has broken below the brim level The moving averages are all bearish 200 <21 <7 - The first target is $100 CONCERNS There are bullish signs with global stocks, which might cause a fake out. We can also see a weak break below the brim level, which could make this analysis wrong.
Inv Head and Shoulders has formed on Daily chart We are just waiting for the breakout which will send the price to Target $16.93 With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
VMware - Short Term - We look to Sell at 111.95 (stop at 115.15) The medium-term bias remains bearish. Trading within the Wedge formation. Prices are extending lower from the bearish flag/pennant formation. We have a Gap open at 111.95 from 02/11/2022 to 03/11/2022. The preferred trade is to sell into rallies. Our profit targets will be 96.19 and 91.55...
This is very subjective, and I am not good with these analyses... It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle). Also there is a strong bearish pinbar candle, that has shown the sellers are winning. The momentum is looking weak and we could very well expect a reversal from here. I would only short though if...
Hershey broke up and out of a Cup and Handle pattern. The Moving Averages are all pointing up and looks good. There is a retest on the brim level giving this a conservative entry for chart pattern traders. Target = $271.00 CONCERNS: With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with...