$CHWY - Up but still in a channel. Watching for a confirmed breakout over $45 to issue a buy. Given the sentiment of the market it would not surprise me to see this drop back into the $40s as the market ebbs and flows. This will 100% go higher, but i believe we will see another chance to get a better buy in price. Reasons I like $CHEWY outside of chart: 1....
$CMG Looking for the gap to fill. Will watch for a bounce @ 941.07 Entry: $941.07 Stop loss $895.45 Limit sell: $1016 Setup is invalidated if it does not bounce. ( watch the 15 min candles for better confirmation) Gave a 5% stop loss a little below below where i feel support is sitting to avoid being stopped out. Notes; Qudoba and Dos Toros are better....
$BYD Peak resistance: @22.88 Watching for bounce back @ $19.64 Entry: $19.64 Stop loss: $17.64 Limit sell: 21.07 Notes: This particular casino stock is up 57% in 9 days. In the words of Jerome Powell: A healthy correction is needed. Waiting that RSI is now over 70 (overbought zone) I understand that boyd casinos are opening on June 4th. these a possibility it...
$MRNA Bullish falling wedge Resistance: 65.16 Support: 47.56 Buy: $56.40 Stop loss: $50.99 Limit sell: $63.90 Notes: Still feel sketch about their "Secondary offering" it tells shareholders that they are going to take a giant ass pile of cash and set it on fire. However, as will all offerings... someone has to make money so you can decide if it is worth a...
What is that MACD daily telling us? are we about to start seeing selling take over after this long run? RSI is also high but not oversold. Watching in between $323 and $311
RSI over 72 (bearish) MACD: Repeating pattern from April 29 SMI Rolling over at 1 month highs Would not be surprised if it dropped back into the lower gap or bounce off of it before testing upper gap. I don see a lot of reward for airlines at this level. Will most likely wait for entry in the 30's.
SPG has been rejected multiple times @ $60.60 (Lower black line) It has been rejected multiple times after rising up to 63.15 Instead of trying to time and chase this one, it makes more sense to let the price come to you. Plan to trade: Limit buy @ 60.62 Stop loss @ 59.25 Limit sell @ 63.15
$TSLA Macro diamond pattern which can signal reversal. However with Tesla you just never know what Elon is going to tweet and tinker with the price. I will be waiting for the price to break through the diamond either higher or lower and have indicated my long and short entry positions. If it breaks above trend then the diamond is invalidated and I will buy....
Im not saying there are 2 gaps that are unfilled.... But......there are 2 gaps left unfilled. 1. Poor news and guidance last week. 2. Bottom has not formed 3. RSI has not completely dipped into oversold territory.
$DIS Not much in terms of technicals or patterns despite fintwit drawings of tiny flags on the 30 min charts and 3 month long channels that don't make much sense to me. There is speculation that $DIS will be submitting plans to reopen their parks this week. (Link attached) I believe this news is going to be good enough to keep stock supported at its current...
Important: We are back at the resistance level from 3/27 MACD -25 positive diverging 30 min candles and about to roll over. (circled) RSI- Still in slightly oversold zone indicating there is room for the price to drop. SMI - continue the trend of seeing decline after a spike Entries and Exits: I would wait for entry if we continue to see a pull back to...
With recent news surrounding Alibaba, I believe that a buying opportunity has presented itself. With a double bottom bounce on the recent selloff we are looking to see a retracement back to $204 and then watch from there. RSI indicates it is oversold. MACD - first green bar (circled) indicated buyers might be coming back into play. SMI - Flipped back and still...
Using the .786 fib combined with a breakout of the bull pennant as indication that $BA can run higher. RSI indicates that we are not overbought or oversold. SMI indicates there is room to run. MACD bars are also showing that the level of selling is drying up and buyers will enter. Buy above $138.10 Stop Loss: $132.90 Watching for next level of resistance @ $144.50
Volume is quickly drying up on the $HP 4hr chart. Gap to be filled back at the $15.40 down to 14.90 range. SMI has flipped. 30% Run up in 6 days. These 4 indicators say that we will most likely see a pull back this week and possibly next. I personally would like to see it drop back into the gap or a bounce off the .618 fib. I would hop back on the bullish...
Wedge has been forming since mid April & end is near pending a major breakout or breakdown. Gap to be filed in the range 10.40 -10.74 Gap has also been filled twice over this month wedge as well. Strategy to play this: Wait till price falls back into the gap range and set stop loss to $10.30 Or Wait till bullish confirmation if stock breaks the upper wedge...
From peaking @ $8.88 down to 6.25 in the last 30 trading days $LADR has been trading in a range covering 25% of its total share price. From looking the most recent high to low using fibs we see that the level of support now remains at the .382 fib @ 7.27 (Underlined in black) RSI remains near a upper neutral potion indicating that this stock may still have a bit...
If this is a head and shoulders pattern: Expect price to come back into the green range. If it falls into here and then price returns $2.10, that is where we would have confirmation and will look for the price to go even higher.
GAP WAITING TO BE FILLED Found bottom @ 1.34 ?? Resistance likely at: $1.73 $1.99 (.382 fib)