The bear flag hit our price target perfectly, so perhaps the worst is over. Historically we've had some serious support at $49, so we should be able to stay above this level. If we break the support level and then break down from the falling wedge, then we can expect to fall further toward the 200d MA. If we stay within the falling wedge, we can remain bullish.
To be honest, i am not sure if we have an inverse head and shoulders or a triple bottom on the 4hr chart for apple. But both demonstrate that a possible reversal is coming. I am leaning more towards an inverse head and shoulder given the head being slightly lower then the other points. Resistance looks to be at 125-128 so, if we can break 125, I expect to see...
Putting in an Adam and Eve bottom. Looks ready to retest ATH in the coming weeks.
Great looking weekly and monthly charts with a double bottom/rounding bottom that it is just beginning to break out of. Eyeing Jan 2022 50-55c.
Great looking chart with strong volume coming in the previous session, so far forming a hammer candle on the daily, looking for a move to re-test the 35.00 area.
Could see a 5% swing to the downside over the next week. Might hit the bottom of this descending channel that we're in, which would be around $480. We're also below the 50d MA, so I would be cautious.
If we break the neckline (green line) and then cross above the 50d MA then I would consider going long. If we do not break that neckline at any point, I will remain bearish.
$BB is getting ready to retest the broken trendline then, go back to 19.52.
Friday should be important in determining the direction of tech. RSI and Stochastics are in oversold territory and price has found support at the bottom of a down channel. This could be indicative of a potential reversal. If this reversal plays out, an inverse head and shoulders pattern will have formed- potentially leading to even higher price movement. On the...
Got that head & shoulders, as well MACD is heading upwards on all time frames. Today would be a make or break, but the Fed isn't going to raise interest rates for a while. I could see it heading up to 800 - 900 resistance area, however will want to consider how Volkswagen can impact sentiment on Tesla. I just swing trade so looking for around a 30% gain in the...
Short term i'm bearish but long term i'm bullish
Over the recent days, we have seen a small correction bringing us back to previous support levels. As the overall Tech-Sector took a hit, bringing apple down from a high of 145 to 124 approximately 14.5% at market close, Most of the stocks started to show signs of a recovery. Leaving us with a potential opportunity to get a few positions set.
PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate...
Will we finally see VISL break up and out of this channel? It's been a relatively consistent area of support/resistance. With several potential catalysts to consider here (5G, general broadcast, telecom, esports) it will be interesting to see if these tailwinds act as a stronger catalyst. "While it will likely focus on some as it relates to 5G penny stocks,...
Checked out some monthly charts this morning before market. IXIC overbought on the RSI, Stoch 14/3/3, and on the Madrid Bull/Bear sentiment. Still trading quite a ways above the 50 day MA and the most recent support level in monthly view of 10900. Seems unlikely that the recent selloff will do enough to bring the index back to normal ranges. Further indications...
The powerhouse of stock, TSLA, has been getting hit hard giving a great opportunity to buy on sale. currently we can see that its in a pennant on the 1 HR and but decreasing TTM_Squeeze and possibly a bearish cross on the the MACD. Given that the market seems to want to continue upward I think Tesla will help push it. Waiting to see how tomorrow moves, If it...