Looking like a potential local top may be in here with a pretty convincing reversal daily candle. Expecting quite a bit of choppiness for the next few weeks/month to retrace and build a base for a fifth wave higher towards my $138 target. Patience will be key on this to wait for the right setup to present itself. Worth keeping on your radar if the retracement...
After reporting their earnings last week, Apple fell to the $147-147 level and currently trading within that range. I still believe we will see a continued corrective wave to complete either a wave 4 or wave 2. (Hence why the recent peak/following potential low have two number labels) It is currently unclear which is the correct label, however the outcome is still...
Yes, I have been keeping a close watch on DOGE recently. With this breakout, will history repeat itself? Only time will tell, I'm willing to take a bite on this. I have a position opened from last week @0.26 Good luck!!
symbol - $ENFN - h1 chart shows strong demand recently when the insiders bought up over $46 million dollars worth of shares a few days ago. Lets see if this demand zone holds up
After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. $PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits. I believe that was only the beginning of the big picture, and we put in a...
If markets show signs of weakness at any point in the near future, I believe Netflix will be one of the most prime short setup out there. Many signs pointing to downside here for the stock. - Recent run-up due to overall hype and the massive success of Squid Games (believe we need to cool off a bit) - Concluded all Minute, Minor and Intermediate EWT counts...
Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock. We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand...
One of my favorite swing setups this week. Activision formed a large falling wedge on this most recent pullback from all time highs. Since then, we have broken out and moved slightly higher but I don't think we're anywhere close to being done yet. Here is my trading plan. I am interested in taking the suggested calls above $81 with volume; ideally seeing a daily...
Looking for a local top rejection here to cap off the wave 3 move. Ideally, we see a pullback and bounce into my buy zone between $139.82-149.11. I will look to start averaging into a swing position from there. Daily close above $150 is crucial for taking Apple up on it's next leg upwards.
GM looking really good and ready for a next leg higher. Weekly MACD flipped bullish.
Just ran an interesting comparison of TSLA vs BTCUSDT. With TSLA being heavily invested in BTC, I think it's worth a look especially with BTC breaking out to a new ATH today. Check out this comparison, hinting at TSLA on the verge of it breaking it's own ATH at $900! TSLA reports earnings today, 10/20/2021 After Hours. I am positioned net long. Best of luck!
Simple chart here for this one. I wanted to keep this one simple. All eyes on the key $160 level. Please take note of the Weekly MACD bullish bounce as well as an increase in bullish volume to support the bounce. This indicates buyers stepping in. We have the Weekly RSI downtrend resistance approaching and looks to test very soon. There, we will get clear...
Nice bounce off the bottom of the wedge here. Looking for continuation upwards to targets above at $135, $139, $141 and $145 as long as the low holds. Take note of the Daily MACD curling positive as well as the Daily RSI breaking out of downtrend! I am already positioned in a long swing from last week on this.
Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart. I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled...
Anticipating Amazon to find a local top around the $3420 area and pullback into the indicated buy box. That's where I'll look to ideally go long. However, it's important to note that Amazon had an extremely strong bullish weekly candle last week, so we must take that into account going into this week. If $3434 breaks with volume, I will take it long looking for...
As long as the lows at $138 hold, I believe Apple has put in an EXTREMELY important wave 4 low. As most of you know, Apple can act as a market-wide indicator and typically is in line with the trend of overall market. Hence, if Apple dumps market dumps. If Apple makes an important low, so did the markets. With that being said, this week I'd love to see a break...
Tesla had an extremely strong weekly candle last week, and am expecting to see continuation into this week. Possible we see a slight pullback first, but I wouldn't try jumping in front of a moving train. I'm already positioned long from last week. Possible we see a new ATH this week... long term outlook still the same as it has been for months now.
Just in case you've been blinded and forgot the bigger picture. Been awhile since I've updated my long term Tesla chart for you guys. btw I'm positioned long already, the entry for long term was honestly awhile ago. Just created this in case some people didn't get in yet and were interested in R/R from here. Target: $1000 by Q1 2022, then $1500 by August 2022.