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10 years trading commodities for corporate America, before I quit to bet on myself. Subscribe to follow the journey.
Not Financial Advice.
Been charting a while, first time I've seen such blatant symmetry on OBF.... not sure if it's intentional, a bull trap, or a projection of what is to come but AMC looks like she could squeeze higher based on the symmetry shown on the OBF. Timing should be within the next two weeks.
As someone who charts regularly, this does not appear to...
GME flashing an inverse cup and handle. Market split on whether price is going to shoot the moon after this last consolidation plays out. We see two cup and handles on this chart. The original one after the initial run up, with the most recent one showing an inverse cup and handle, typically a bearish signal. Look for price to break support around the 28th. ...
I want to be bullish, but inverted cup and handle foreshadowing a bad omen. I think a lot of bulls are missing it.
Inverse of the cup and handle formation created on the last big pump to $300. Should know in 4-6 days time. Target $75-$40
Arlo Technologies, looks to be playing in a new bull channel. Watching this one close in the nearby with a long position. Will exit position if price breaks purple support meridian for the new channel. For now I think price is headed to retest $10.
JD.com running a bit low on energy, currently walking the short term bear channel down to the longer term bull channel in play. Watching for price to break below purple line at which point the bull channel should resume. Overall longer term channel appears to be fairly responsive to price action through this point. Watching for price breakouts above the purple...
Root looks to be building an ascending triangle. Price needs to hold purple line for breakout potential to stay engaged. Watching this one closely, playing it from the long side for now, with stop loss between $9 & $10, upside to $20, blowout to $60.
Ark bull channel at risk, price needs to hold the orange meridian, otherwise bear channel confirmed. Further, price needs to hold above $100 to stay out of the steep correction channel. Watching outflows on this one with particular interest.
Root, heavily shorted out of the gate, probably a bit much. Good tech on the insurance side, great value here at $14, upside to $20+. Strong technical response thus far, early stages of reversal. Watching key bound test at $21 to see if bull channel takes.
Correction out of the rip channel into a more leisurely bull channel still ongoing, price testing key support @ .90 if price breaks through we are headed back to the gray bull channel with support at .67. Otherwise a bounce off .90 past .93 keeps the stronger channel in play.
Closing in on week 4 of our analysis. Price still caught in an intersecting channel vortex (bear/bull intersection), waiting for bull channel to regain control, but thus far bears are still driving. Look for confirmation on direction later this week. I think bears will reign victorious, but prices has made a couple strong attempts to breakout. Good one to...
Looks like bottom of longer term channel, with trend just beginning to reverse. Good entry point for a long play in my opinion. Short term channel confirmed, watch the red meridians for price breakouts, but price should stay bounded within the narrow channel for the foreseeable future.
Still in bear channel, expect unwind to accelerate unless some action causes it to break out of channel. Needs to cross the upper red meridian for a new channel to be active, still responding to the downward channel for now.
10 Yr Yields continue to put pressure on Tesla. Breakout potential early in the week, but bear trend re-confirming today after 10yr yields jumped overnight. Expect bear channel to continue based on latest technical.