TREE. Huge gap down back in mid November when GCI Liberty Sold 3 million plus shares. It just entered a channel where we will see some consolidation. Im looking at bottom to be $223-$225 range. Great long play.
NVDA is one of my favorite stocks.
As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week:
1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings.
2)The support and resistance wedge is getting...
There are so many ways GSX can run for its earnings release. I pretty much copied the pattern it created during the last earnings run as it looks similar to Fridays close. We have a bearish pennant which will take two days to create a small enough wedge for the stock to ascend. The wave is not to scale and will probably be adjusted as the week begins.
What I like...
What I love about CIEN for the week of 11/16.
1) Broke an old resistance point of $43.27 and retested it as support.
2) Double Bottom Breakouts are my favorite.
3) Up-trending Higher Highs.
4) HUUUGGGEE 25-30% Gap to fill
Im actually holding this over the weekend Hoping for a gap up on Monday. Earnings is less than a month away and run up is expected.
NAVI is about to reach a point of high resistance.
First there needs to be a closing candle over the red resistance line. Once that holds it needs to break over the 1.414 Fib ($10.51).
High volume and the candles not deviating too far away from the white line is key.
If the candles dont break and bounce off resistance, this would be the second rejection from this...
For anyone considering AAPL for an earnings runner here is what you need to know.
AAPL has fallen back into the channel before the breakout and will is now sitting on support.
Monday 10/26 Scenarios:
Scenario 1: AAPL gaps up pre market and is now looking strong and bullish heading to the next Fib and so on
Scenario 2: AAPL finds resistance and heads down towards...
Fell Back into the original channel and can possibly break out.
Bounced off the support and we might be making the right shoulder here and head down after ER.
Volume has been on a steady down trend.
NOW has been trending higher too long and a healthy pull back is needed.
My previous chart was spot on. (Link is below)
Looks like it bottomed at $40 and returned to its channel.
Fibs are key points to break a candle over.
I believe we will hit around $49-$50 for earnings(Nov 12) and then head back down to $44-$45.
Q2 earnings were horrible so be prepared for the pullback the day before the report.