The exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps. Soon or late the green guys will resume fighting coal again, when the dust settles! The recent peak has not brought RSI up with it, forming a clear bearish divergence between...
AMD is one the earlier tech giants who kisses the pre covid highs. The 2020 high can act as a major support at this stage of the game and definitely opens a nice entry into the $AMD ticker. Immediate resistance is around $70 and next support is around $50. I entered with a small percentage in along position at this point and will average down from here at every...
Bitcoin breaking out of the massive down channel after 327 days. In short term this is a quite bullish move. For a short term trade, support is still the 2017 ATH at around 19000 and resistance is the 200 day moving average. Good luck out there!
Gold is respecting the current down channel and will most likely visit the lower end of the channel by the year end. A short lived relief rally is ahead of us. My plan is to gradually average down. Calling a bottom is stupid but the technicals point to 1450 as the worst case scenario and 1550 as a likely bottom. One thing is for sure.... paper gold is holding...
Yesterday there was a news about $AMC goin to possibly sell more $APE into the market (if necessary, not a guaranteed move) and now short sellers jumping on this news and shorting the hell out of the $AMC causing it to go down almost 15% on yesterday's trading hours. This is pure psychological. Hang on to your hats and do not fall for it!
Yeah some smart genius only holds this stock now defo he bought the bottom made some noise and sells on top the chasing retails always lose
At this point I am not sure what is going on with this chart... One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker! On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS...
Now that all the retail fools have loaded up on GAS, smart and big money will DUMP EET on the retail.... like farting gas right at retails.... this is sad but what we can do :)))) I am not in this trade at the moment.... gas is wild!
Here are my two cents for future me! From the looks of it, we hold strong until 28k. The FED and GDP will print relatively mild numbers this week only because of incoming election. Then after a while people will realize that situation is not very good and then the dump begins. At the end we retest 18k and maybe we get a massive bounce from there or massive dump :)
The move today lacks volume, but will for sure lore some investors in the play. If we see consistend increase in volume in following days, we will easily tag $20+ in a matter of weeks
If we do not confirm about daily topping tail, the chance of retesting 103$ area is quite high.
The title says it. We have holding up the daily trendline quite good. Lets go!
Cup&Handle forming on daily while we have broken above trendline. A retest of the trendline and a bounce would trigger a good long opportunity, targeting 1$ area for take profit
I still see the 2x in the play. I am holding to my hat :) We have just broken above the down sloping channel and if we manage to retest this breakout in the next couple of days then chances are high that we see the massive move
We are getting rejected at 200MA. If the buying pressure continues we might confirm above it and tag the 200EMA line (the thinner line).
BTC Will tag $25k at the very least before any major down legs...
Philips is not a weak company that can go bankrupt very easily. It had a massive drop over the past year and forming a double bottom. The correction has been massive and now looks like a good entry for a long-term hold position. It might go more down but then a good investor averages down :) You see both bullish and semi-bearish cases in the chart :)
Adidas is one of the companies which not likely go out of the market anytime soon. We are hitting massive support trend line and we have also touched covid lows. I can only imagine this is beginning of recovery. Yes, we might go lower, but if you think long term you can start inching in positions at this price and average down at the next support if we got...