Expect a big and final move to 103 from MU, before considering shorting. MU is currently fighting resistance at 97, but I expect a breakout to MU's final resting place at $100-105 Not financial advice Happy Trading
Who here owns an Apple? Statistically 60% of the world population who owns a smartphone owns an Iphone. As someone who owns a Samsung, I tend to favor better tech. If you're an iphone user, I know you like things that are a little easier to understand so let me break this down in layman...I mean... simpler terms. Apple, as is every other company, is dealing with...
TSLA is WAYYYY over priced and if you disagree, then you're probably one of those Tesla fanatics that thinks TSLA can run up to infinity. Don't get me wrong, TSLA is a great product, but this stocks fundamentals are quite detached from this stocks monster stock price. This stock's price has been running on hype for a few years, but I feel it is coming to an end...
SNAP may have hype on it's side for it's participation in the Metaverse, but SNAP earnings reveal a darker story. Negative earnings have been a key factor in this stocks recent declines. With no net gains in income, investors are bailing out until they see a light at the end of the tunnel. I recently deleted my Snapchat account due to Instagram's new TikTok add-on...
BA has had a slew of issues since two Boeing MAX commercial jets crashed in '18 and '19. From delayed deliveries to missing sales opportunities, Boeing stock still has more selling ahead. The 3.618 fib retracement sits rights at the gap at 158, but if the stock breaks down to those levels, I foresee the support being at the 4.236 level at 140-142. Not financial advice
TLRY is a long term buy in my opinion, but I don't think we have reached the end of selling for this stock. Due to no cannabis legislation being passed and no foreseen legislation being passed any time soon, this stock has been nothing short of anemic since Feb 2021. I believe we touch 3.70 before the buyers ever come back into play. Not financial advice
Lowes has multiple gaps to fill to the downside which I hate because I eagerly want to short this stock, but I do not believe this rocket has run out of fuel just yet. If LOW breaks out of the ascending channel, we will find ourselves scratching our heads while LOW moves to 271, then possibly a final target of 293 before I will consider shorting this stock. Not...
I haven't been a fan of TWLO just due to too many negative earnings reports. I'm honestly surprised this stock ran up to beyond $400 earlier in the year, but alas my biases got the best of me then. TWLO has formed a confirmed descending channel and this stock has to fill the gap at $122 at some point, but don't count on that happening any time soon (at least until...
QCOM has been diligently staying within the shown ascending channel. Due to the reliability in Fibonacci levels, I have a short term price target of 195-196 before any correction.
TSLA smacked the top of its channel. Look for a strong pullback to $540 range
BA had broken out of a descending triangle and then continued to break through the resistance line drawn from 2 supports over the last year. R1 is 234. Upon breaking that R2 is around $300. Happy trading!
NIO is starting to break out of bullish flag pattern. My TP is $32 in the short term
Good morning, traders and investors! As you all and I have been patiently waiting for a breakout from Boeing, we are yet again at a pivotal moment in this stock's journey back to it's pre-COVID normal trading range. The stock is approaching it's channels resistance yet again and we sit here and tirelessly ask ourselves, "could this be it?" But before we throw all...
NIO is pushing up against the 29.40 resistance and has found it's channel. Next stop $34
SPY stayed in ascending channel and has confirmed the bulls ae still running. PT is 362
Nio got a huge upgrade from Deutsche Bank with a price target of $40. When TSLA started receiving higher price targets, it BLEW past them. I am optimistic that NIO will do the same. NIO has broken out of its upward channel, so look for NIO to rip!
Nios first target is back to $21. Upon breaching that resistance, we may see a fast sun up to $25-26
MU's next target is $53. With wave 5 being completed in the SPY, we are out of the ABC correction. The market is now back in the hands of the bulls, so if $53 can be broken, I'm looking at $55.50 as the next target.