About meActive swing trader and investor of 3 years. Purely use technical analysis and risk management to determine entry and exit of every trade. The market is a sweet dance and I love every minute of it!
ROKU is now oversold and has filled 100% of its gap in the chart. Looking for a gap fill reversal now, entered at $99 and looking for a bounce back to the $116 level where it will reach the resistance of the previous gap.
BABA has now tested resistance at the $179-180 price level 6 times. This is causing more momentum to go into a potential breakout with a weakening 180 level. The moving averages are curling right up under the price at the 180 level creating good support. This breakout has the potential to run up to $189 for a potential %5 breakout.
QRVO broke out of the $76 level to only reach another level of resistance at the $79 level. It recently has swung back and retested and held the $76 level. This tells me it will have another push towards $79 level and this time breakout with momentum as it has already tested the $79 level 6 times. If it can breakout of the $79 level it will have strength all...
CRUS is looking to breakout of the flag formation at the $56.5 level. It has room to run up to $60, which is the top of the wick of previous price action creating a resistance at that level. This is a potential 7% move.
Roku just closed on the weekly chart forming a bearish engulfing on high volume. This is the weekly chart, but if looking at the daily it also is forming a bearish flag and has room to run down to $125 level. The $118 level would be an extra push before it runs into slight support.
AMD has just formed a double top formation and has completed the second triangle. The moving averages are curling right above the price action towards the downside. There is downside pressure and can have a potential breakdown to the $28.8-28.5 levels.
DOVA has been consolidating in a flag shape pattern for over three months now. Its looking like its about to bust loose to the upside. The longer the consolidation timeframe the stronger the momentum when the stock can break thru resistance. The 50 day moving average is hovering right at $15.71, if we can get a daily close above that level this has trajectory...
PINS has just recently closed the gap in its daily chart and now is trending towards a gap fill reversal where once the gap in a chart is closed, price action starts to trend back to its original direction with a target price at where the original gap started. In this case it would be the 31.5-32.25 level.
LHX has been fighting resistance at the $215 level and has tested it 4 times. The moving averages are curling up nicely under the price action and there is increasing volume on this last push. If it can breakout to all time highs i can see it running up to $227 based on its weekly chart range on breakouts.
VLO is showing the beginnings of a pullback back to support at the $70-71 levels. On the longer term chart there is significant support at these levels, so i'm looking to short to that level and get out, until it starts to show price action breaking below this support.
This is a potential 5-6% move with close to 2:1 risk/reward. The RSI index is close to a bearish zone
CARG is forming a head and shoulders pattern on its longer term weekly chart, proving it to be even a stronger pattern. I expect a further breakdown beyond the neckline to a modest level of $28.5 where it will reach its original IPO price which by then will be a good time to get out. The RSI index is also creeping into a bearish zone.
NOW is forming the right shoulder of a head and shoulders pattern. If it can complete the right shoulder, we can expect a break of the neckline to $241 area where it will run into some support and meet up with the 200 moving average. This trade is 2:1 on risk. May take some profits once it hits the neckline.
JPM has formed a double top and is now under the 200 day moving average. I expect it to stay under the 200 sma with selling pressure back down to its neckline at $105 with a breakdown through the neckline to the $100 target level where it will then run into some support. This is a swing trade with $100 target level and a stop alert at $109.5.
SQ is finishing a double top pattern with neckline support at $60.60. A breakdown through this neckline would cause further retracement to the $52-55 level. Small cap index's look very bearish right now so i would expect we can see a breakdown to these levels by next week.
TVIX moves like a hot toddie, due to it being 3x inverse the VIX. With Trump vs China Trade War continuing to escalate with no near term end in site, TVIX has increased substantially in its volume to the upside. It is approaching a breakout trend line that it has tested 3 times as it rounds up into it. Due to escalating trade talks last month increasing the...