Rejection in this order block, gap left to be filled, 50% fib retracement brings this into a bullish order block where a likely reversal to the upside would occur. I think we've all talked about the missed earnings and revenue enough.
Strong rejection occurred in the 44.41-45.70 zone, an area that has historically elicited reaction. Likely beaten down to the 40.60's area. If basing doesn't occur there, 38 and 35 are next targets. 30-32.25 order block, if it gets this low.
A week ago I swung some PTON calls and, expecting a bad ER (it really wasn't that great) I predicted a fall to below 12. Obviously that was not the case. Revisiting the chart, I believe we have a case for a bearish scenario based on the following: Rejection in drop based drop supply zone, gap that's yet to be filled and the reality that earnings were missed by...
A few things to consider, on the macro side of the house: Jerome Powell, while ambiguous, did not distance the fed from a potential longer rate hike cycle, nor did he commit to the current terminal rate. 25 BPS and high employment inclines me to believe that inflation will go up MoM. On the technical side of the house, the highlighted area is where we've seen...
Last week I swung some calls for a 60% and 86% profit. Is PTON losing steam? Momentum slowed as it neared an area of distribution. If it fails to base at 12 and falls below it, there doesn't appear to be much in the way to $9.
rejection should’ve occurred around 10 in this January rally but, instead, we had a break out, pull back to 10 and continuation right up to the trend line. We had a tenuous break out from the trend line, into the gap. reaction 11.27, 11.50, 11.64 and 12.50 areas to watch.
broke through trendline. Watching 9.20-9.40 levels. Would like to see break above and pull back, for basing and continuation.
Inverse H&S on weekly chart. As we near the 5% mark on interest rates and the market looks ahead of '23, I'm ready to start feeling bullish again but not quite there just yet.
Rejection between here and $40 would be resistance on the 9/21 daily EMA cloud and would translate as a strong potential to go below 37.
Without news or filings, I can see a drop to support levels in the .0090's- low .01's, where we will be oversold. Has to hold that support level.
On August 18th, I moved all my funds, in the Thrift Savings Plan, from the C (SPX) and S (DWCPF) funds into the G-fund. Considering that its been 3 weeks since this move and a clear structure has emerged, I've planned a return into the S-Fund through a series of inter-fund transfers, as more bullish indicators are confirmed. If all bullish indicators (3 sets)...
keeping an eye on rejection at the fib .66 level. Rejected there down to 18K-19K range and see how it reacts at that support level.
Rejection at daily 200 MA (head). Rejection at 150 MA (30 Weekly) for second shoulder. Neck line Supply zone formed May 31st through June 8th. A recent head and shoulder formation (red) looks set to usher in a down trend that coincides with the September effect. This could reverse in mid to late September, within the 3900-3950 demand zone from July 26th to...
expecting reversal soon, especially as more 8Ks are released. So much DD out there, conducted by some of the most thorough shareholders I've ever encountered, Ren and Co. delivering... I don't put money in the OTC that often but this one is one of the most promising OTC plays out there.
Waiting for retracement to previous resistance at 24.60-34.70 range and watching for reaction to that level. Good structure on this.
Looking for a loss of 7.60 support, after ranging between there and 8.
looking for break out of flag. Keeping an eye on this for Calls. Nice bounces off of the 150 DMA.
I'm ready to pull the trigger on an inter-fund transfer from the TSP C-Fund back into the G-Fund, though not quite yet. Consider the volume's inconsistency with price action.