I decided to start this new format to take advantage of short opportunities that arise when a week stock has gone parabolic.
I have some criteria to sift through opportunities and choose the best:
1) The company is relatively unknown (normally belongs to the OTC market) and financially weak (medical companies normally satisfy these criteria)
2) The company has...
Look at the circle I drew. Normally, when the 21 and 55 MAs diverge like you can see, we can expect a large move in the direction of the death or golden cross. We can see a death cross, pointing at a bearish trend. Price action is also touching the 60 Fibonacci level and if it falls further, a bearish trend is likely to continue.
According to my technical analysis, I see that Bitcoin could probably fall to $25000. However, if that were to happen, a huge bear cycle would start, probably taking Bitcoin to the lower levels prior to the bull run. We never know. At something might be true, Bitcoin has room to fall even further on consolidation that has been unable to break the 62% Fibonacci...
The weekly chart for Meta shows a company whose share price has plunged for the past weeks. A first sign that implies the company might keep falling is the fact that the 60% Fibonacci level drawn since Corona to ath has been broken during the recent sell off, meaning that worst for investors is still yet to be seen as we enter into a proven downtrend only now. Not...
Clear head & shoulder formation for Baba that has broken through a support of approximately 110 and will likely drop to 86. Additionally is to consider falling volume.
I believe that US indices will have problems recovering. In fact, as I had predicted last week, this recovery will probably be a dead cat bounce, which will wipe out profits of US investors for months as well as the recent dip buyers. I think the FED is actively crashing the market using the Russo-Ukrainian conflict as an excuse for the printing of money they have...
Amazon as well as other main publicly-traded US stocks have recently been mimicking the movement of US indices: a 15% fall, quick recovery and possible dead cat bounce, which could lead the market move even lower (even below the recent lows). In this environment, short bias can bring many opportunities on which traders can capitalize.
I have already mentioned how...
Thanks to everyone that has been supporting my ideas so far. I keep positive about the short position on Tesla Inc. I had mentioned earlier this week, while the look out on Apple might change (probable short). Anyway, yesterday, the S&P 500 has closed the week down 2% to close below the 200 MA. It has not only created a double top, breaking down on higb volume,...
Shiba has recently had a large run up, which I consider healthy after such a long downtrend. I would start considering a change of trend when the price crosses the current resistance (32.65) (Hopefully on a good volume), considering that the chart is also resembling a bullish triangle with decreasing volume. In my opinion, SHIB will still correct a bit up to...
Since the sell-off in US indices we have seen in January, the market has temporarily corrected above the 61.8% Fibonacci level, meaning that until it crosses the 66-67 level, a reversal of the downtrend has not yet been signaled, meaning that the US 500 at this point might actually be in a dead cat bounce position. A double top with low volume is forming while the...
The price has created a neutral triangle with decreasing volume which could break either to the upside or to the downside. However, in the case of such a triangle, the price is probably going to resume its trend, considering that it has found resistance at the 38.2 Fibonacci level. The price could touch the 790 level.
NOT FINANCIAL ADVICE!
Apple Inc has recently recovered from a head & shoulder formation. The recovery of the price since the bottom of the head and shoulder formation seems to have recovered to more than the 61.8 Fibonacci, meaning that we can expect the price of Apple to continue being bullish. However, we can also expect a consolidation back to the 38.2 level of the last power move,...
