DarthTrador

DarthTrador

In my last post about AMC I said I wanted to touch or surpass the previous high of $35, and then come in on the pullback. AMC on Friday did exactly that. AMC is halfway of completing its falling wedge pattern. It has tested its previous ATH and got rejected. So now what has to come is consolidation, then a move to test ATH, then breakout of ATH (squeeze). I...

DarthTrador

(M) Timeframe shows the falling wedge, a bullish continuation pattern setting up to test the previous high of $35. Once we break that $35 mark the sky’s the limit. The big question is when this squeeze will occur. I would like AMC to hit or surpass $35 then enter in on a pullback and ride the wave to squeez-town. I’m expecting this to happen by sometime late...

DarthTrador

Looking at PFE again. They survived earnings and is planning to kill I mean vaccinate our kids 12-15. 4HR MACD curling up. It also looks like it is forming a J-Hook pattern, my favorite pattern to trade. It consists of a strong upward movement, a pullback, then a move up which should continue and breakout of previous high.

DarthTrador

AMC looks like it is breaking out of a Falling Wedge which is a bullish continuation pattern. The pattern suggests it could reach its previous high at $14.50. Now would be the time to scale in if you haven’t already.

DarthTrador

We could see a reversal from a potential triple bottom. On the 4HR timeframe MACD is curling up ever so slightly. BTC is currently on a bull run and could continue tomorrow. Could turn out to be a good daytrade.

DarthTrador

On the 1HR timeframe, the MACD is curling down suggests we may be going down before we go up again. RSI also shows it is overbought. I am not the best at EW but this is what I got. Looks like we just finished wave (5) and getting ready for the correction phase. $JNJ has earnings before market open tomorrow and may see PFE sympathy play from them depending which...

DarthTrador

$JNJ Said they don't have any evidence that the blood clots are related to the vaccine. That's like saying Hunter Biden doesn't smoke crack. Anyway, even though JNJ has alot of bad news surrounding them, it looks like it's forming an Ascending triangle. I am looking to play the ER runup. ER is on 4/20. Last earnings it ran up the day before and day of earnings. I...

DarthTrador

Looks like SENS has touched $2.42 area for the second time and could be the signal for a possible bullish reversal. If it does reverse just know this stock likes to lose its gains pretty quickly so don't be greedy. I believe this is a perfect entry to go LONG. We are waiting on FDA approval that will probably gap us up back to the $5 range.

DarthTrador

On the 1HR we can see a bullish spinning top followed by upward momentum. On the OBV we can see it created a higher high suggesting a bullish divergence. All good signs for the upside.

DarthTrador

So FUTU ended up selling off before earnings which was interesting because we are all use to a run up before earnings. On the Daily timeframe we see FUTU setting up an Inverted Head & Shoulders which is a bullish reversal pattern. If they do beat earnings and the sentiment is there, this can test ATH's and would make a great day trade tomorrow 3/16/2021. Premiums...

DarthTrador

$AMC broke $14 today which is a big accomplishment for the gorillas! As we get closer to the imminent squeeze, I just wanted to take a look at the bigger picture on the Monthly timeframe. AMC has formed a Falling Wedge which is a bullish continuation pattern, meaning AMC is very likely to test its ATH's and surpass them. This will take some time though. I'm...

DarthTrador

I'm still learning Elliot Waves but it looks like it could have completed corrective wave 4? If not it is cutting it real close to the start of wave 1 where if it goes lower it will invalidate the whole thing. Someone please school me on this. Still bullish.

DarthTrador

Looks like MARA completed its corrective phase and off to make another impulse wave (1). It tried to breakout recently forming an ascending triangle but ended up breaking down but quickly recovering breaking a key resistance at $42.22. Stimmys are out, BTC pumping ATH's, this is ready to make a next leg up. My PT is at least $45 by next week. Let me know what you think.

DarthTrador

PT: $54-56

DarthTrador

$JMIA forming an ascending triangle. I’m expecting next week to be very bullish and have a PT of $54-$56 next week.

DarthTrador

We see some interesting candlesticks on the 4 hour timeframe with regular candles on. I like to use Heikin Ashi candles when I chart because it's a little easier to see the pattern but sometimes you get way different candles than using the default. I feel like its good to use both. The trend is still bullish with stimulus checks hitting American bank accounts by...

DarthTrador

PTON forming ascending triangle on the 1 hour timeframe. Short term PT: $121

DarthTrador

QQQ closed above current downtrend on daily timeframe. MACD curling up. RSI at neutral. All these facts suggest a move up. However in this current market it really could all come crashing down again. Stimulus might be sell the news. It might pump it even more tomorrow. I feel like tomorrow is very important to where the overall trend wants to go.