Fraggle_Rock

Fraggle_Rock

Look at the bullish divergence we have on Tesla. It's just ridiculous that they've been able to get the price this low. I think we are going to get a massive gap up starting at premarket open. I just don't see how they can get it to go down anymore. We're oversold, we're on the trendline, and we have bullish divergence. I think this stock HAS to pump in the...

Fraggle_Rock

just wanted to make this to post on twitter. basically how i see the trend playing out.

Fraggle_Rock

this is just food for thought, it has rebounded every single time it hit this trend.

Fraggle_Rock Updated 

that will most likely not come to pass, but you have a gap on the weekly at about 83 dollars. draw out the channel it's been trading in and they intersect in mid may around that time. highly unlikely that this will happen, but all of the may 17 puts under 115 are only less than 1 dollar premiums. so if it does happen there is a lot of money to be made.

Fraggle_Rock

resistance and support nice bounce off the 20ema weekyl. should have a nice bounce next week after the merger news and politically motivated buying

Fraggle_Rock

AMD and NVDA get all of the attention. Intel makes CPU's, GPU's, and AI chips just like NVDA and AMD. Most people have not even heard about Intel's Gaudi AI chips, but everyone knows about NVDA's and AMD's. The difference is that Intel fabs a lot of their products and is spending many tens of billions of dollars to build new fabs to not only make all their own...

Fraggle_Rock Updated 

we will continue to move up through the moving averages. i think 11 is a good target, after that who knows. honestly i think rivian is a more popular choice.

Fraggle_Rock Updated 

Bring on the hate. I am not making this trade, but I certainly won't be longing SPX next week either. just a possible scenario for SPX going to 4600 and testing a previous resistance as support.

Fraggle_Rock

bull div on the daily. finally got some volume in and these braindead AMC bulls are finally out of the picture. time to go long.

Fraggle_Rock

The RSI is in a nearly identical pattern as it was in August 2023. Most pullbacks require a "catalyst" to get retail traders to exit their positions. In August that catalyst was a credit rating downgrade. This was followed by months of declines in the market. In my opinion that exact same excuse will be used within the next two days. USD/JPY is another sign, but...

Fraggle_Rock

Just looking at this being a possible channel. if it is, seems like a good time to get in.

Fraggle_Rock

Picture is self explanatory. Prediction based on magic 8ball reading while high on magical diet coke. Take with a grain of moon salt.

Fraggle_Rock

On the 3 month chart, the bottom of our current trend was way way back in 2008 after the crash. We finally formed a lower high on our 3 month RSI in 2021, the lower high that we formed in July 2023 was also a rejection under the moving average. We are now in a downtrend on the 3 month chart. there is no major support until we get in 50's range. Most of the major...

Fraggle_Rock

The monthly charts really show just how perilous the situation is for the big cap stocks. that divergence on the monthly.... This could go to 100

Fraggle_Rock

The giant run up over the last year accomplished one thing: forming a giant glaring lower high. people don't see it, they think we're forming a cup and handle. they are dead wrong. the big stocks with unreal PE ratios are all going to crash back down to earth. We KNOW that the fed cannot fix inflation without a recession and crash. the irrational runup over the...

Fraggle_Rock

Well you're right, but that shouldn't prevent you from just doing what they doing, no matter how irrational that outcome might seem. there are people out there with enough money and supply to move the charts live binance does, and they do it. -23% in a day. really a disgrace.

Fraggle_Rock Updated 

failed breakout, will go to bottom of channel. rebound at 18, then more downside. there hasn't been any volume in months and there wont be any volume at higher prices. down you go.

Fraggle_Rock

Bull Case: the 100 EMA was our resistance this time last year we broke through 100 EMA in June we bounced off the 100 EMA as support in August Bear Case: the current downward channel we are the gap at 17.00 In my opinion my original post is going to be correct. I think we bounce off the 100 ema again, and the gap doesn't come in to play for another 6-8...