Held 18.50 again and printed a green candle at the previous high around 20
Another test and hold of that level could trigger a squeeze to 23.
I added more at 20 yesterday and will add above 20 if it continues to build. It can reach 28 on next upward move.
Close below will invalidate this hypothesis.
Reclaimed the breakdown level and now holding that level nicely.
Squeeze likely to start soon and push it to at least 5.5/6
If 3.4 is lost again, could test 3.0
I am long via commons at 3.50 today. Like the risk/reward here for a double up.
Working an Inverse H&S pattern on the daily.
Nice R2G move today confirms the pivot. High short interest could start a squeeze to 30.
Backtest of 26 will likely act as tigger.
Long via commons at 24.30 with 23.40 as the stop loss.
Reclaimed 200 EMA and backtest yesterday
Flag on the daily with improvement in the volume could push this to 14.
Real test would be around 18 for supply of previous high, break above to test trendline resistance at 30.
Patience will be tested until breaks out of the turbulent zone until 18.
small positional long from 9.30
Showed strength on the latest decline. I got in at 15.30.
All EMAs UP +++
Strong volume shelf at 15 ++
Likely to push to 22 before pull-back. New pivot there would set this up for another big run into the Christmas.
Seemed like this name lagged the market last year, but now basing on weekly timeframe for nice run.
EMA 5D is working good. Constructive volume in the supply.
44-47 is a chop zone. if it can build here, next upward move is likely to be violent.
20% short float can add fuel to the fire.
Targets: 47, 49, 53 and 58
Disclosure: I am long via commons at 39.
Broke out of falling wedge around 109 and is moving well in the supply zone.
With two wars, geopolitical risks are high and this could play out as a good hedge.
First target would be around 117. New pivot there might set this up for higher price.
I am long from 109.50
Gap and go past ER indicates strength.
200 EMA backtest, 60 VMA, and MACD signals are all green.
Two ways to trade,
build a position below 33 and set it as a stop loss
Wait for test of 35/36 and enter on the hold of 33.
87 was the pivot on the multiple TFs. Inverse H&S pattern emerging.
Holding well into the previous high of 115. If daily tightens next week, watch for the short squeeze to 205 for the next move.
No position in this name but own other crpyto names - MARA and RIOT
Month price tagging 200EMA with a falling wedge set up. Volume above 28 is needed to confirm the hold and further breakout.
Risk/Reward is good here only for LT passive accounts. Still needs more work for this to work as a good trade.
Flag on daily should atleast test the trendline around 30.
No position yet.
With all the AI meme companies rocking the market last year, this behemoth has silently honed its skills in that domain and could stand to benefit from the mass AI adaption in years to come. Monthly chart clearly shows the potential. 2024 is likely to mark the turnaround year for IBM.
Upside targets: 175, 190
Broken charts take time to heal and this one is showing signs of improving.
Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic.
Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above.
No position yet, but on close watch
Accumulation above 60 VMA +++
Backtest of the trendline support ++
Holding on the volume shelf +
ER on Nov 16 might break this one or the other. Good R/R here with small stop loss.
ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up.
No position yet.
A lot of big semi names have reported great earnings and have had positive reactions.
Took out VMA and 200 EMEA yesterday on a good volume. Follow through to 22 is likely.
I would look consolidation below for new pivot.
PA favors EOD run up to 28 and new weekly zone for next ER.
No position yet, but keeping close eye for entry.
I must admit despite all the TA I have tried with this name, profit has eluded me because most upward action has bee around ER. I have tried not hold big positions into ER, but this name has proved me wrong last three times.
Bounced off of 60 VMA nicely an caught fire. another test of 45 or flag above would set this up nicely for 60.