InvestEmi

InvestEmi

JPM might be forming a H&S pattern as detailed in the chart. Strong support around 146$ could be tested by EOW, which will tell us whether we will have the luck of picking up more shares around 141$ Very bullish still on this name. Good luck to all! (*This is not financial advice, for sake of discussion and illustrative purposes only*)

InvestEmi

Hey all, so yesterday's sell-off is giving us a very favourable technical set up coming into Earnings next week for SONY. Looks like a no brainer in my opinion since: 1. Upcoming earnings catalyst and SONY is very likely to beat 2. Price is tapping its Daily 200-day MA once again, and hasn't lost it since March 2020... 3. Price is at the tight end of a rising...

InvestEmi

Hey all, Clearsign Technologies seems to be on its way to completing an ABC corrective structure before its next impulse wave up. Not hugely convincing but I would like to add to my preexisting position around 3.50$. Good luck to all! (*This is not financial advice, for sake of discussion and illustrative purposes only*)

InvestEmi

ACN looks to have run really hot over the past few days. RSI is overbought (78) and the stock is trading almost 20% premium to its 200-day MA. It is also at the top of a rising wedge channel that it has been charting since March 2020. The stock has many areas of support to trade down to, 280$ being the strongest of the lot. I would be adding significantly if it...

InvestEmi

Hey all, BNGO has been consolidating just below its 200-day MA into a classic bull flag formation. If this follows through we could see BNGO popping above it's 200-day MA and challenge the 10$ mark once again. This stock has played out bull flags perfectly in the past and I am looking forward to see if it does so again! Good luck to all! (*This is not financial...

InvestEmi

Hey all, bit of an experimental one from me today. Since merging with APHA, TLRY has struggled to resume the uptrend earlier in the year. We can see quite a clearly defined upwards channel within which most of TLRY shares are traded. If the channel holds through today's strength, we could be at the beginning of a similar exponential rise as earlier in the...

InvestEmi

Hey all! So ACN looks primed for a healthy pull-back after legging up since the beginning of March. We can see a pretty indecisive range around the 290$ mark, which signalled a temporary top for this stock. Furthermore, we can see this long-term rising wedge being tested, and a break-down could trigger a consolidation phase. My best bet would be a very light...

InvestEmi

Hey all, Since recovering from it's multi-month sell off, Vestas found strong support in early March at the 200-day MA, and has since been consolidating within a moving average "trap zone". I have observed this pattern previously and on daily time frames, this sort of "coiling" will bring to a strong move up or down once the trap narrows, RSI seems to be...

InvestEmi

Hey all, In purely technical terms, Spotify is preparing for an inverse H&S breakout back to ATHs. Earnings tomorrow morning could be the catalyst for this breakout. Fundamentally however, I'm slightly torn on the prospects of a beat and raise, as I doubt the fact that they will have kept up revenue growth to levels that will justify current Market Cap....

InvestEmi

Hey all, on a technical standpoint only, JD.com should be trading sideways or red for the next few weeks. The 2020 uptrend was broken in early 2021, price is now beneath ALL MAs, and RSI has been stuck in a downwards channel for a while. The correction may be losing steam as we see from falling volume, but with China relations headwinds on the horizon for a...

InvestEmi

Hey all, After a steep pullback, Ocado is sporting what could be a bear flag on all time frames. I chose to illustrate the weekly in order to show my downside target, which is a reversion to the long-term uptrend. This stock enjoyed a very strong rally to the upside with Stay-at-home tailwinds in early 2020, but RSI has been in a downtrend pretty much since May...

InvestEmi

Hey all, DADA is looking very hard to interpret at the moment. On the positive side: - Very evident lower support at 24.45$ - RSI is giving us bullish signals On the negative: - MAs are coming down hard to provide resistance - Previous support at 29$ will probably provide Overhead supply Not sure how to play this one, will be watching to swing the upside if we...

InvestEmi

Hi all, Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback. Positives: - Uptrend still intact - Potential rising wedge breakout - MACD looking to crossover to bullish - RSI has improved Look out for: 1. A close above the wedge 2. A close above the 20-day MA 3. MACD to continue bullish crossover 4. Volume...

InvestEmi

Hey all, GRMN Weekly and Daily charts looking extremely healthy for long term accumulation. No reason not to buy any kind of dip in this name and watch it grow. Still relatively fairly valued in my opinion. Any thoughts? (*This is not financial advice, for sake of discussion and illustrative purposes only*)

InvestEmi

Hi all, Technically, Farfetch is really not looking good. It has been stuck in a step-down channel, with not much downside support. I think it will really need some good news to push it above the MAs, which have provided resistance over the past couple months. Really stuck in this one, but I like the long term prospects, so for all longs, I would look to buy a...

InvestEmi

Hey all, Nokia has been trading within a trap zone between it's 20- and 50-day MAs on a weekly time frame. This can be considered an accumulation zone, that has stretched since March to date. The idea is that the stock seems to have found a historical bottom around March 2020, has been on a consistent uptrend since then (taking away the reddit-driven rally), MAs...

InvestEmi

Hey all The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come. I would like to see the name retest a double bottom around 20$ before taking a long position. Any thoughts? Good luck to all! (*This is not financial advice, for sake of discussion and...

InvestEmi

ACN has been giving us text book price action recently. Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March. It has since been forming a perfect bull flag. If the stock can catch momentum again, I see upside to the 285$...