You can make all excuses for your trade plan in order to get what you want to but as the old saying "You may not understand it fully right now but the market is always right." The sector is weak, and only gets weaker so will all companies that sector or industry. Recent $HOG faced the hard wall to crack n noted that price will reverse from there, now the question...
$AMZN 90% of the time we don't miss because we wait certain levels to be touched before we move in either long or short. Last time, we precisely called that $585 will be hard to break upward n recommended to short March 2nd with target price $547 it hit $538 n the price surged from that low n crashed with light volume the resistance line $585. Now, will the bulls...
2-Months ago we put wild prediction that price will move 35% and we are far from that target price, but the chance to achieve that TP now seems more likely than it was 2 months ago. Now price hit or about to hit 50-week moving average and once it secures it will head to $161 and finally confirm bottom and reclaime $177 zone in just 12 Months. Good luck. The stock...
Price indeed had hard time to crack 100dma last 4-days and failed to close above it. This only tells us that downside pressure will accelerate and probably bulls will be tested if they can hold $102.5 before it heads $100.
Nothing has changed but today's price action along with the bearish candle (Descending hawk) may suggest a pull back is now more likely than uplift towards 200DMA levels. Will load the truck if price pulls back to $100 level.
This is a stock that also qualifies buy in the dips if price pulls back to lower $60s though it gained as of Friday more than 34% from this year's low, still upside momentum has some energy to continue. Trade less, and save more!
Up 24% from Feb low after a new lower low but the breakout above Feb high is encouraging and looks strong but facing the descending resistance line now close above it will suggest a possible 52wkh next few weeks. If it fails to push higher it qualifies buy in the dips as long as price stays above Feb high at and around $44. Trade less and save more!
Still price is attractive but needs one more shake-up to test a new or previous 52wkl before we head above $20. Recent volume increase on down days is indeed worrisome but last 50-days up days had a higher volume than down days which indicate price under accumulation but that seems to weaken last few sessions and price was also weak. Trade less and save more!
Don't like when volume decreases and price increases n in most cases it doesn't end well. Still Fast%K is above 70 another positive sing and below 90 which doesn't show any overbought conviction. Price is only 7.5% below 52wkh and may soon hit the rising support line from August low which may give bulls another chance to prove it can hold RSL. Trade less and save more!
100DMA is about to cross over 200DMA is the 1st positive sign we have seen for a while and close above $73.50 was plus too. Now price needs to prove $75.30 and $76.21 levels once these levels are cleared there is a strong chance that price will crash $85 and head to $100 level.
Recent market gains from Feb low was overall positive but $AAPl underperformed and needs to catch up but that won't happen as long price is below $107/$108 area. If market hit temp top and is about to roll back expect $AAPL price to go back $95 area.
Last 2-days price actions were interesting but bulls had enough reason to stay on the course rather run away but bears also managed to show a force to take this below 200DMA but didn't close the deal. Now watch $550 and close below that level will result in new waves of selling. Trade less, save more!