4H Chart Explanation: - Price broke the Weekly Ascending Trendline. - After that, the down move started. - Currently, price is on the Micro Support Zone. - We expect price to develop a correction before continuing the down move. - We are looking for sell setups on lower timeframes. Weekly Vision: Daily Vision: Updates coming soon!
Price has printed an inverted head and shoulder pattern. We are looking for price to break and hold above $280. Assuming the market regains traction after the corona virus scare, we should see price reaching back to $315s
As I said before I would love to open a postion in AMD, but I'm never comfortable in doing puts, yet AMD doesn't look great. Our last TA, which will be linked, has came out with some side ways movement and breaking our low trading range. Whats next for AMD? Well I read that earnings will drop by 12% in tech stocks due to the corona virus. Not sure if that goes for...
I've been looking for a market top for awhile due to many macro and fundamental reasons. Further downside can be accelerated by the odds increasing that Bernie Sanders may be the next US president if the market trump claimed credit for falls apart before the election. We don't seem to come into solid resistance until we hit the August trading range. If we...
Alphabet Inc wasn't excluded by today's Coronavirus led pull back on the stock markets and declined below the 1D MA50 (blue line). The 1D chart turned bearish (RSI = 38.867, ADX = 33.996, Highs/Lows = -57.8228) but the price remains well within the long term Channel Up that started in July 2019. The 1D RSI just hit a 7 month Support and in fact the last time that...
Hello! On the monthly log chart of $NDX $/NQ it is sitting right at the top channel line with a very big bearish RSI divergence... Short this...
Have you seen it? It’s on the weekly chart, and all we need is the coming week to be down for a bearish reversal confirmation pattern to complete the DARK CLOUD COVER Technicals not yet supportive of a bearish trend YET, understandably as candlesticks are the first price indicator to give the heads up. Bearing in mind (pun not intended), that the recent rallies...
RUN broke resistance today, having a high of 23.66, then dropping to find new support at 22.76 Earnings are coming up, and estimates have analysts bullish on the stock according to finance.yahoo.com It has support, potentially better-then-expected earnings ahead, and did well today in a bad market. It is competing well with $TSLA in the solar and battery...
With gold breaking with $1600 level for the first time since 2013 and a small sell off on earnings due to decreased production. Sentiment has changed. 52 week highs look like they will get crushed. Long further out $5 Calls.
RUN came out hot at open, surging 4% an hour after the open, then pulling back to 21.60. Earnings coming on Feb 27, price looking to stay up before then. Needs to break 52w high at $22.40 tomorrow, should stay up to earnings. As a company, earnings look promising, and company is beating TSLA in battery and solar tech. Seems promising. Would be getting in at the...
I was one of the first people to be very bullish on Amazon back at the start of 2020 based on key technical levels and my overall bullish sentiment for 2020. Infact, I was (and still remain) more bullish for 2020 compared to 2019. Moreover, I accurately predicted the global economies would remain artificially strong enough to ward off technical recessions, but...
Amazon has triggered a sell signal for me. Targets listed on the chart.
$AAPL weekly RSI has not been this high since it was <= $6/share. Not ready to short. May hit 384 first. Wait for lower RSI high then go all in.
TICKER: $QQQ Huge bear volume on Friday and a close near the LOD. Next week is key as we have tech earnings. If we break the low of Friday (221.67), I expect further pullback. RSI on the hourly time frame is down in the over sold category but keep in mind that with earnings and potential news, RSI levels could get extreme. Volume will be a key indicator for...
After a better than expected earnings report, intel has popped into 2 key levels. Firstly this very long-term pitchfork median line, and secondly this parallel channel on the Daily
Despite some headwinds that we are facing with the US and Iran, this will be short-term noise for a healthy 5% or so pullback (not necessarily all in consecutive days), but mostly in January before we turn the tide. In the longer-term this will have little impact to the sentiment of the market, but instead, will allow defense stocks, energy stocks (including oil)...
Weekly chart. Inverse cup & handle breakout. Has divergent highs, but may seek to correct. I would wait for a backtest of the orange line before going long.
There is no doubt that gauging the direction of Netflix's stock has been one of the most challenging tasks for analysts over the last 2 years. The big picture shows the formation of a rising wedge, which is similar to other tech stocks. But price has violated the trendlines so many times that we've had to cast doubt on the validity of the upward trend. Netflix is...