Blackhole-Trading

Blackhole-Trading

Jan 10. $NKE. $NKE with a huge gap down today with the market. And it is right on my level of interest. I'm looking for it to either find support here and move back up or go down a bit, retest this level and go for $145 area and below. If it heads back up from here, I will go long. Or I will go short if it retests this level in the next few days and falls back down.

Blackhole-Trading

$AMC - Dec 05, 2021. AMC in a crucial area of 29.40-26.85. A close below this, it can see 20.36. Above it, we have resistances at 34.58 and 38.43 areas.

Blackhole-Trading

$T - December 5th, 2021. If T gets over the 24-24.26 area, it's good for short-term calls. The concern, however, is resistance at 25 and 25.58. If it goes above and fails from the 24-24.26 area, it's a good short till the 22.22-22.55 area. Then further continuation is expected below that. Overall, short bias on this one. Let me know your thoughts!

Blackhole-Trading

Entry = 86.29 (also possible average down if it hits bottom channel trend line) Target 1 = 88 Target 2 = 89.20 Stop = Daily close below 86.29 Trade is invalid if it breaks out before hitting support. Also invalid if the pullback to support is caused by bad news.

Blackhole-Trading

Entry = Break above breakout. I'll get in if I see its finding support at the bottom of the channel and moves above breakout level. Target 1 = 54.30 Target 2 = 55.19 Stop = Close below breakout level

Blackhole-Trading

TRADE IDEA Long Entry = 53.59 (if it hits before breaking out) Target 1 = 54.40 Target 2 = 54.71 Target 3 = 54.98 Stop loss = Daily close below 53.59 Trade is invalid if it drops to support based on bad news.

Blackhole-Trading

TRADE IDEA Entry = 51 (if it hits before breaking out) Target 1 = 52.09 Target 2 = 52.88 Stop = Daily close below 51 Trade is invalid if it drops to support based on bad news.

Blackhole-Trading

The resistance zone identified with red is a stubborn area. SPY will have to push hard to get through it. If it falls, it will likely catch support at the daily support line of 277.45 and it almost lines up with the bottom trend line of the channel as well further strengthening the support. If it breaks the channel, it will likely catch support in the support zone...

Blackhole-Trading

If it pulls back, it should fine support at the bottom trend line of the channel. If it falls below that, it should find support at the support zone identified. A run will make it hit 2816.75 and it may struggle there and if it continues to climb up, 2840.50 is in sight as next profit target.

Blackhole-Trading

Weekly Outlook chart is in the related ideas. JNJ ran up on the first day of the week. Couldn't hit daily profit target and sold off after hitting the upper trend line of the channel, pulled back the next couple of days and then made a move up and hit both daily and weekly profit targets before selling off and then finally on Friday it broke and closed above the...

Blackhole-Trading

$AAPL didn’t do much throughout the week and stayed in a range. It gapped up at the start of the week, hit the breakout/resistance level and sold off from there. Weekly Outlook chart is in the related ideas.

Blackhole-Trading

The chart from Feb 25 showed the support and resistance zones for $SPY for the coming week (link in related ideas). SPY started the week with a gap up right into the red resistance zone but couldn’t hold and sold off after hitting the upper trend line. The next day it held on to the support 1 level identified on the chart and tried to run for the resistance zone...

Blackhole-Trading Updated 

I am seeing SPY hitting the red area early in the next week, possibly on Monday. Then find resistance there and consolidate there. And, possibly, pull back to test support of 278.92 before moving higher and breaking the red resistance area. This looks to me will be a hard resistance area. Any positive or negative US-China trade news can make it go either way...

Blackhole-Trading Updated 

$AAPL hasn't done much in the last 10 day trading days and has stayed tightly range bound. Upcoming resistance area is 175.57 - 176.94. Once this resistance is cleared, its most likely headed to 181.50 and then 184.70. If there is a sell off next week, it will most likely bounce from 168.39 - 167.19, and will also find support at the up trending line. AAPL is a...

Blackhole-Trading Updated 

$JNJ is in a up trending channel and pushing against the upper trend line of the channel. I am seeing resistance area at 137.80 - 138.30. It bounced off daily support nicely and headed straight up. I feel confident it will hit the first profit target 137.80 early next week. This is where you should be taking profits if you are in JNJ. If JNJ runs next week, second...

Blackhole-Trading

BTCUSD sailed through the $9200 resistance level. It currently seems to be in an ascending channel. The lower trendline of the channel should act as good support. And below that we have green line of resistance-turned-support at $8900 level. The next major resistance is the red area where we have previous price resistance and as well as 38.2% Fib level. I also see...

Blackhole-Trading

USDJPY on 1H timeframe seems to have broken out of falling wedge and is testing resistance-turned-support line now. The orange dashed line shows resistance based on previous candles and is near to a crucial FIb level of 38.2%. A good entry would be when a candle closes above the orange dashed line (at 109.239). And the target can be the next crucial Fib level of...

Blackhole-Trading

ADABTC on the 1H chart is forming an ascending triangle. Plus, hidden bullish divergence can also be seen on the RSI. Once the price breaks out of the triangle on the upside and volume supports it, theoretically, we can see a price rise equivalent to the opening of the triangle which is about 800 satoshis. Once the price breaks out of the triangle, we will look...