3 levels @ the close price: 52 Week Moving Average 50% retrace off 2018 move lower Median slope on this pitchfork
Very large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support...
Netflix and SPX tend to move hand in hand with each other. When their patterns begin to separate, they correct relatively quickly. In this case, NFLX is setting up a bear wedge that, in this bull market, will fail to breakdown fully, but should bring the current NFLX price in line with SPX's chart, resulting in a 5-15% drop. Target 335, which coincides with both...
Slight retracement to the 30 day, if it starts heading back towards resistance on smaller tieframes I will enter.
Apple finished an inside week on 2/15/19, and appears to be running out of steam as it attempts to climb higher. Twice rejected by its weekly 100, and facing loose resistance inside lower region of fan DTL's, it seems likely a retest of 160 would be in order. Not impossible to test 145-150 before regaining ATH's.
Hi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but...
It's just a matter of time before $SNAP shits the bed... AGAIN! #SnapChat touching the 200 MA... R.I.P to all that go long!
Apple has fallen out of favor with investors as of late, despite a decent earnings beat (after guide down), and it's easy to see why. Given its track record as a market leader, and recent highs > 200, it's failed to catch enough momentum to get out of the danger zone. Looking at sell signals for a short entry, I've noticed a) it's caught in a descending channel on...
if bottom trend line breaks the measured move of the broadening wedge is 63.94, also the 50 retrace of recent swing low to swing high. possible retracement before SQ climbs back up to point D, also the 786 from the major swing high in September to swing low on December 24th 63.94 good area to long if the trend line breaks, or the bottom trend line with a tight...
AMD is a well known chip maker but the earnings expectations are way to high in the tech sector at the moment and like Nvidia got hit by the market, AMD will also get its slap. We build a nice head and shoulder and the drop might get caught between around 10$-13$. There we will have a strong technical support and we will see what happens. Butttt AMD got really...
SQ was one of my favourite stocks to trade from 2018, and in 2019 it is continuing with the same volatility . I do believe SQ will be getting a pullback over the next 48 hours and I have been scaling into a short position with my first short order already filled. My first target is $70, RSI is also sitting in 4hr overbought territory and the daily 66, which alone...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Log chart broken down on a weekly scale then zoomed into daily for near-term analysis. As you can see, both RSI and price have entered, or will soon enter a chop zone that will determine whether it tests the upper DTL (85), or breaks down to re-test the lower DTL (64). Resistance near 73 will be the key indicator. If price action blows through this line, we can...
Volume steadily increasing while Apple dropped into demand zone and with DTL support at key fib level. Now that reduced guidance has been priced in, it would not be surprising to see it ride this trend line as it seeks to retrace former ATH, and play strong into earnings.
The oversold bounce is real and bulls have changed the daily trends to their favour, but the weekly trends have yet to change. Here's what I'm looking for heading into next week - We have tight ranges on SPY, Tech and Financial sectors and the breaks of these ranges will give us clues for what to expect this coming week