Gooby_Trades

Gooby_Trades

RCL experiencing declining volume, and being highly leveraged in a tumultuous macro environment leads me to believe this recent rally in price will struggle to overcome the strong resistance zone of 93-99 a share. Retreat back to 65 support seems probable in the intermediate term. As always, this is not financial advice. Good luck!

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Looking for AAPL to retrace to the lower bounds of its current channel. 125-120 is the target zone. Seems very unlikely for Apple to push up to ATH's given such uneasy market conditions, but anything could happen so best to keep a tight stop. VIX at 22. Looking for short-term bull momentum in aapl to take it up to my entry and the short is on! This is...

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MMM has entered a downtrend on its monthly time frame. Downtrend was confirmed with a lower high in June of 2021, followed by a retest of strong support at 108 a share (which is also where the 200-day SMA currently sits). 3M may get a short-term bounce due to oversold reads on indicators, but this stock is clearly in a downtrend. The next big move in the medium...

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I think it makes sense to enter a long-term bullish position in SHAK if/when we hit the support level of 30.30. This level has acted as a reliable support point four times in SHAK's history as a public company. Each time prices have reached the 30.30 level, bulls came in to prevent further losses in share price. This time may be different ((we may see some...

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Simple analysis here. The VIX is closing in on strong dynamic and static support. Buy volatility, sell/short high-risk assets (1-6 month timeframe). No change in my intermediate and long-term thesis. Still early innings of a bear market. Market conditions are steadily worsening. Looking for a move in VIX to the static resistance level of 35.8 in the coming...

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Rough chart for TSLA. Triple Top formed. Looking for a price drop to the 208 support zone in the near term. Good luck! This is not financial advice.

Gooby_Trades

Head and shoulders setup for ROBLOX. Look for breakout around the 36 level. Looking for a drop to the 22 support zone. Good luck! This is not financial advice.

Gooby_Trades

Bearish megaphone forming here for WBD. Look for a breakout below 12.23 Possible move down to 11.50 followed by a move to 10.50 support Set stop loss around 13.53 swing high This is not financial advice. Good luck!

Gooby_Trades

Wheat's setup looks great on the daily chart. Bouncing off of dynamic support (depicted in orange) nicely. MACD turning positive. Next target is 937'6. As always this is not financial advice. Good luck.

Gooby_Trades

Fortinet is a big player in cybersecurity with strong revenue growth and rapidly growing demand for its services. In the very Long-term, Fortinet should do well. However, FTNT's technicals are signaling weakness on a more medium-term basis. The last year of FTNT price action has led to a rounded top formation. One could also argue that Fortinet shows signs of a...

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Celsius Holdings has been trading like a meme stock as of late. News of a deal with Pepsico helped fuel the recent surge in stock price. The question I pose is will this bullish momentum in CELH continue despite a slowing global economy? Technicals: There are strong signs of bearish divergences on monthly and weekly timeframes, slightly weaker bearish...

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Simple setup here. Meta has been range bound for weeks. Strong overhead resistance. Broke beneath support at 171.8 Profit target: Strong support of 155.6 As always this is not trading advice. Good luck!

Gooby_Trades

China/Europe/EM: The UK and the entirety of Europe are in trouble. The UK now experiencing double-digit inflation and to make matters worse they are facing extreme weather and an energy shortage going into the winter. All the while Putin's war is complicating European energy supply and political ties even further. China is experiencing civil unrest, mostly thanks...

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Fundamentals: The global Nat gas supply is one of the tightest in the commodity space. Historically hot weather all over the world -most notably in Europe and in parts of the US- has created an abnormal amount of demand for nat gas this summer. Climate change and extreme weather are also now threatening the passage of cargo ships through the Rhine river, which...

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Technicals: This is not at all a perfect short setup solely off of the technicals. With that in mind, some clear signs of weakness can be seen in DE's weekly chart. One such sign was the new lower low formed at around 285 in July, which broke DE from its previous trading range of around 310-400 a share. Deere's recent bull rally since July's new low I find to be...

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Looking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross...

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I'd like to kick off this analysis by saying these are two potential outcomes of SPY's future price action given that market fundamentals stay largely unchanged before and after the CPI release next Wednesday, i.e., no escalation in Taiwan and no wild earnings surprises before and directly after the read (yes, I know that is a lot to assume). The expected paths...

Gooby_Trades

Noticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal...