IMF_Trading

IMF_Trading

Since you little crackheads need it. $IDEX If the gap fills, holders would feel a 25% loss in their pockets. Concerning that volume has dried up. Either you are going to need some big "PR" and see it go up.... or its gonna eat Pile of poo. TBD tho. Don't shoot the messenger.

IMF_Trading

$MSFT Daily RSI indicates we are almost into overbought territory. Would like to see a healthy correction off $203 as a peak in the next day or so. If this occurs it should be easy to pick up some shares @ 195 again. I will be monitoring this upwards channel for any breaks in the pattern. Set an alert for 190 as any break below that will be a cause for concern.

IMF_Trading

$INTC K.I.S.S ---- Keep it simple stupid Simple scalp play here. Catering to the macro channel trend. Can attempt to make a play off the bottom wedge formation. If trend breaks upwards, Bullish confirmation over $61 with a PT of $64

IMF_Trading

$SONO Fully expect to see some selling on $SONO tomorrow morning. SMI, and Macd converging on each other as well as RSI fading off the pop. There does not seem to be a strong level of support developed yet at 13.70, If we look $0.40 below then that (midway between the .786 and .618 fib) @ $13.35 I would expect to see the strongest level of support. We have...

IMF_Trading

$AMD Not sure how much longer I am going to have to keep extending out these fib lines. Channel running since late may. AMD low point was $49.09 to the penny Rumors surfacing (pun intended) that AMD cpus and chips are going to be in the next surface tablets. Motley fool still recommends them and gamer love them. I still think we are in an accumulation area....

IMF_Trading

$CHWY UPDATE after flag proved to be extremely bullish. Will use the upper fib level of $47.50 as next level of support and $44 below that. We can make the argument that a continuation diamond pattern has emerged. I would set an alert to buy if it reaches $52 as the next breakout leg is pointing to $59 I remain bullish on $CHWY.

IMF_Trading

$EBAY To remain bullish, we would like to see $Ebay hold a daily candle over $49 Over the weekend news came out with the following headline: "eBay sellers told Martin Luther King memorabilia is 'offensive' after new policy is introduced The auction site wiped thousands of 'inoffensive' items overnight after banning items that further racial stereotypes" Articles...

IMF_Trading

$RTX I want to be bullish because of all the military chatter happening with china and the middle east. Watching the potential H/S pattern on this tho.

IMF_Trading

$X announced that they have taken on significant losses over the past few months where much of it can be tied to the Covid crisis. Adding fuel to the flames is the 50mm share offering at a price range around 8.50 -8.90 that was announced today. This would give reason to believe that we will see the share prices sink back into the range I have dubbed the...

IMF_Trading

$BIDU Bullish flag on $BIDU Note that $120.96 and $114.53 are the best 2 levels of support and if it breaks would look to see $102. From a bullish standpoint if $Bidu can break above bull flag, $129 is where I would set a short term limit sell for a decent swing play.

IMF_Trading

$HD : $10 bounce from ATH $247 was the the previous ATH before the virus rattled markets. This area should provide a level of support at the moment. Would like to see a break above 254 to maintain a bullish outlook. I fear that if the bulls loose control around $240, 230 and below can come quickly. Also notable to see the SMI flip which although not...

IMF_Trading

$WORK Trying to recover still from last Thursdays hit, Slack found support @ $29.50 I like the rebound back to the .236 fib @ $32 Would like to use this zone to accumulate as a sizable gap is is just above @ $33.5 to $37 to take profits in the coming weeks. Given Slacks volatility, I think it would be ok to stomach a 28.50 stop loss as this is below our fib range.

IMF_Trading

$AMRN Not much to say other then this is a classic bull flag pattern that has appeared over the past few days. I would look for price to break out of downward movement most likely eyeing $7.15 to set a buy alert. $5.50 is a hard stop loss for me as that would indicate something is very wrong. However I did see that they just had a lawsuit settlement which is...

IMF_Trading

$FB Updating chart from previous post. Flag idea was a little messy, however we did see a 5% decrease after post. Next we saw a rebound back into the .786 fib and full gap fill from the drop on 6/11. This issue is now being able to figure out if 235 is going to become our next level of support or resistance after today's market pop and fade into EOD. If...

IMF_Trading

$NVDA has traded in $60 range for the past 20 trading days. ATH: 380 on the nose 6/10/2020 $350 is the lower end of the consolidation area if i owned would put $339 as a stop loss. Gives us a little wiggle room given the current market climates. but will also give the stock room to consolidate freely. Would be a buyer above 368 as there is a small gap to fill...

IMF_Trading

$FB Little flag popping up on the 30 min candles. Play the support above and below it. Personally i would like to see the price return a little closer back to the $230 area before making any bigger moves. Would look to buy as a scalp above 240 or wait until $230 again

IMF_Trading

If you are going to look into REITs my humble opinion is one that is not dealing in Mall properties. This is a personal thoughts but i think this is all the TA needed on why sticking my money into something else is a safer option.... unless you want to buy in @ 2009 levels.

IMF_Trading

RSI: Approaching oversold territory SMI: Divergence indicating that we can see a stall before a dip back to level of support. Realized i did the chart for the non adr ticket. So teaching moment here... take the metrics I have here and apply it to whichever Sony ticket you are are looking at.