Let's take a look at MELI. We can see two relevant aspects on the chart. a) The price has broken an ascending trendline that has been working since MAY 2020 b) The price has been correcting for the last 4 months almost, and the main structure we can observe is a descending Wedge. Based on those two items on the daily chart, this is our trading plan. -We...
Stocks are staying close to highs at 4224, bounded below by 4188. We have seen a great consolidation of volatility and largely ranging behavior for the majority of last week. The Kovach OBV has been completely flat, suggesting that there is not enough momentum to break highs or even test them. Adding inflation fears might contribute to a bearish outlook for...
We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout. Generally speaking, it is not a good idea to trade a direct breakout of these...
JUST MY INTERPRETATION> NOT FINANCIAL ADVICE, I have a target at 566 which should be possible by the end of year in my opinion . What we saw this week is the possible first wave of the 5 wave for gme.
CORRECTION!
AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this...
Stocks caught a lift from 4188, testing 4214, as we said they would in the last report. The S&P appears to be making a run for highs, however these rallies are very weak with respect to what is needed to break the resistance we will see as we approach highs at 4245. If we do not see this momentum, we will likely retrace back down to 4144 or 4122 unless 4188...
AMC has finally broken 14.5 for real and seems pretty strong. The more times this resistance is being tested, the more likely it is that the breakout is real. We have seen strong re-accumulation based on the volume profile in the 14$ area which just turned into support. Below I have the charts which unfortunately are in a format from tradingview that have to be...
Today, we will look at the 5 major companies from the S&P500, and we will check how everything is going for each of them. Our first analysis starts on Facebook. After breaking an ascending channel that comes from 2014 and a huge corrective structure on the edge of it. We observed a clear breakout, and currently, the price is very close to making a new ATH....
Stocks have retraced a bit after encroaching upon the 4214 level. We still believe they are gearing up for another breakout and that 4068 is a bottom for now. We are likely to see either continued ranging here or a further retracement before the breakout. This is supported by a waning Kovach OBV. The levels 4188 and 4178 are providing good support. If these...
Just a condition statement in chart format for QQQ for the dip buying enthusiast. Price is sitting at April support backtest as RES at 333.94!! ATH to March low fib is below that price, at 332.59!!! Trade strategy is to dollar cost average 20%/30%/50% into 331.74/329.84/326.76 areas, save the heaviest buy for 326.76. Stoploss for the trade is the gap at 323,...
Chart is self explanatory. If you cant read it, you're SOL
This is my theory. Educational idea.
Stocks have met resistance at 4214, another one of our levels. They have since leveled off and ranged a bit, finding support at 4188. It does look like we are forming a bull flag at the moment, but it could go either way. The Kovach OBV is still bullish, but has sloped off drastically. We will need another jump start in momentum to attempt higher levels like...
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
Today, we will take a look at the 4HS chart on PLTR Current situation: The price is below a Massive support zone now working as a resistance. This is a key level because we can deduce major directions if the price stays above or below the key level. Bearish Scenario: If the price reaches the red line, we can expect a continuation of the bearish movement...