This is a great opportunity to LONG Sunoco.
The gas station chain is among others around the nation refining itself and with gas currently selling there will be a rise in demand for the summer months in addition to heightened tourism.
Recent market structure change resulting in higher price will continue to $61 per share.
Exercise long in the next 2 weeks or...
Based on 50% retracement I foresee Rumble heading lower before it goes back up.
Setup an alert for 4.8 to go long at the next best discounted fair value.
There is also an opportunity to take the short ill then from current position if you will.
Happy Trading,
2014 - 2019, we formed this very distinct support level that had 3 touch points before price took off...
The last 2 touch points out of the 3 during 2014-2019, saw the weekly RSI dip below 30
2022 we dipped below 30 & formed our 2nd touch point of this cycle
When Weekly RSI hits 30 again, $110 could literally be the zone we bottom at before the mega rally
Let the sentiment drop off a cliff for NASDAQ:TSLA Stock...
Expecting a sell off until we reach bottom potentially around 136 or 125. Worst case is $109.
As soon as our ultimate indicator flashes green, that will be the time to buy
SPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength
above 50 since November and presently in the 65 range and so not yet overbought. Volumes
are near to the running mean. Price Momentum and Relative Trend indicator are more or less
flat but are positive. The mass index indicator does not show a reversal pattern. I...
SPY on the weekly chart is up 25% in the past six months. This is beyond its historical norms
even during a presidential election year. While there has been some volatility in both directions
the climb is consistent and persistent. The indicators serve to document this. The predictive
algo predicts more of the same. A price cut when the fed gets around to it...
BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart,...
NASDAQ:BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the...
In a long-term uptrend, corrections are inevitable. How much the correction will be depends on each individual stock.
At the end of the session on April 17, 2024, NASDAQ:NVDA is correcting towards the MA-50 and is temporarily closing below the 10-week MA, if during the session on April 18,, the last session of this week, the stock cannot recover above it.
The...
CGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of
an application to issue a new class of shares may as well be considered a dilution of current
shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further
pullback into the 0.618 level given the fundamental news but CGC could rally on trader...
AMEX:SPY April 18, 2024
15 Minutes.
Closed shorts yesterday at 500 in SPY.
We have 494 as a daily 100 average and 21 in weekly.
At the moment I do not expect a trend change to long.
I expect any upside to be resisted around 506 levels being 50 average in 15 minutes.
If we consider the fall from 517.28 to 499.12 we have 61.8% retracement around 510 levels....
META is pounding on a Golden Genesis fib at 489.06.
Notice the bottom EXACTLY on a Golden fib at 87.47.
Also see the peak at 198.47 and orbit around 309.57.
It is PROBABLE that we orbit this fib a few times.
It is POSSIBLE we have topped, at least temporarily.
It is PLAUSIBLE that it breaks and pops to the next fib.
Here is a full view and explantion of the...
This is a followup to my previous $783 call (click).
We expected $783 for bull target.
We suspected $783 as maybe a top.
We've butted up against it just now.
Lets see if we get some clues here.
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After the close of April 17, 2024, NASDAQ:AAPL is at the weekly low since March 2024 (the yellow horizontal line) and even since October 2023 (the white horizontal line).
There is one last weekly session which is April 18 to see if NASDAQ:AAPL can rebound from this long-term support.
IF it will close below this important support, the symmetrical pattern...
ANF has been on a relentless bull run.
It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for...
Don’t short this yet! Falling wedge into earnings right below monthly fib levels. Earning may push this higher where institutions may be looking to liquidate their warehouses.
Let's see where we are by the 5-7am EST window. This view is a combination of Elliott Wave analysis and supply/demand zones. Can be a powerful combo for scalping.
