Goontata84

Goontata84

There is bearish divergence on top of bear divergence on this chart. If one chart pattern gives you a leg up on the market… it is divergence, bearish or bullish. Options expiration is March 27th and I wouldn’t expect the fun to last a day longer than op-ex. It is quarterly op ex which is the most significant and tends to represent the more extreme swings in the...

Goontata84

Saw COIN looking toppy and it played out perfectly- the crypto rally isn’t over yet though and COIN is one of the better proxy plays for capturing the bullish price action we’re in crypto. Short off the top layer off nicely but the RSI is indicating that crypto nor COIN upside is done. The bullish divergence seen in the RSI should provide some decent upside at...

Goontata84

TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel...

Goontata84

COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and...

Goontata84 Updated 

At this point NVDA is unstoppable. It will not pull back until at least $500 - $520. But even at that point it could easily turn the top of this upward channel trend Into support and then we are looking at clear skies and smooth sailing until $1000. I mean why not? NVDA could easily demand a more than 2 trillion dollar market Cap. Especially considering when its...

Goontata84

ORAI is a solid Artificial Intelligence project that look really solid for a swing trade from current levels. It's had a bit of a run up but indicators still look healthy and volume is consistently growing along with price. I am looking at this trade for the next month, with a ~50% move on the low side and ~80% on the high side of the move to the golden zone .5 to...

Goontata84

Haven't been around in a minute but I wouldn't miss this. Have just been waiting patiently for the bears to take control. It'll be interesting to see if this continues or we suddenly get some kind of upside catalyst but I cannot imagine what that would like. NVDA of all things still looks bullish and is flagging. I think we are getting the sell off that will set...

Goontata84

With the XRP SEC ruling XLM and XRP are both primed to keep building and eventually break out and enter a new phase of price discovery.

Goontata84 Updated 

If it holds support, it'll take off and head towards the top end of the range. Check out the crazy Call Options volume for the 8/18 $7.5 Strike Price... over 23,000 for this little unknown Pharma company. Somebody knows something... don't you think? Mersana Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of...

Goontata84

Olema is currently developing a "cancer" drug that suppresses the body's production of Estrogen. Now this could be useful for breast cancer treatment but the real target audience, in my opinion, is hormone replacement therapy for gender transition. I don't necessarily endorse this kind of product but given the corporate and governmental policies surrounding the...

Goontata84 Updated 

We reached the much anticipated .786 fibonacci retracementlevel @ ~$296 today. I know general consensus says that we should at least see the round number of $300 and possibly an overshoot to~$311. Although it is definitely possible, I do not see any significant opportunity outside of short positioning. Whether it keeps rolling or not,I continue to build a Put...

Goontata84

The absolute rip out of TSLA has been a good one. As they say, "what goes up must come down" though too. If we are in need of a major pullback after this rip up, are we forming a head and shoulder pattern of sorts? Hard to say but given how violent the move has been, that often is met with an equal and opposite move and that puts the chart in a precarious...

Goontata84

SPY has reached the .618 Fib retrace level and we are definitely at a crossroads. If price break through this level and flips resistance into support, then the macro measured move on the monthly, puts price in the $700s. If resistance holds then we have a measured move to the $330 level, before hypothetically resuming this trend. If resistance holds and we...

Goontata84 Updated 

I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top...

Goontata84

Tech has been on a tare, proceeded by a rip. QQQ has gone up further than I anticipated but the market is finally showing serious signs of exhaustion. The outrageous valuations and proclamations of a new bull market are sure fire signs of the' end of the road. It has touched the .618 fib level and depending on how you are looking at it, even surpassed it by a...

Goontata84 Updated 

TSLA hit critical resistance at ~$208 today and immediately sold off, finishing the day just under at around ~$207. If it can get above this critical zone and flip ~$208 from resistance to support than we might have already seen the bottom on TSLA. Broader market trends do seem to be taking hold and a pullback is long over due at this point. A number of factors...

Goontata84 Updated 

Some pretty major insider selling is beginning to show up for NVDA Kress Colette (EVP & Chief Financial Officer) May 30th Sale $406.51 - 6,124 2,489,468 538,745 Jun 01 04:36 PM COXE TENCH (Director) May 26th Sale $379.00 - 100,000 37,900,000 3,397,136 May 31 06:26 PM Drell...

Goontata84 Updated 

TSLA is sitting at very precarious area of price right now. This week should most likely give us the information we need to know what the next few months will look like, if it can get above about $221 and stay there, the measured move bull flag pattern should get us to somewhere between ~$294 to ~$313 and that would make sense in the macro formation of a head and...