Break out of this small triangle and holding the retest and lower trend line. Sitting right at the 20 day EMA too. Great risk to reward. Expecting a strong move higher today and over the next few days/weeks.
LMT now in my buy zone and also near diagonal support. Expecting a strong move higher in the next 1-2 weeks. Hoping it can break through the upper resistance this time. Thought I could wait until after close to post this but it bounced hard off 350 at the end of the day.
Faded the resistance touch today. From the high, price is above the trend line by the 2nd furthest % since IPO. Look at how wide the space is between price and the trend line at the tops. Pullback usually revert to the trend line within about a month so which would run around $290-300 area by February. Watch out if this breaks down.
NFLX printed a bearish crossover on the 2 Week MACD. This has only happened about a dozen times and over 10 of those times resulted in a significant drop in the following weeks. Average MAX drawdown in the last decade was about 22%, from the LOW of the printed 2 week candle, over about 70 days. This would put NFLX going back to about $385 which lines right up with...
Bullish on ELY after buying Topgolf. If we can clear the all time high around $25 I think this could take off to minimum $40. Currently around 2B market cap with significant revenue growth the past 3 years up to 1.7B in 2019. Also, MACD bullish crossover on monthly chart and quarterly chart.
TSLA looking similar to previous top. Double gap up push to all time high followed by a pullback and failed retest of the high. Next stop, 50 day EMA which should run right at $1200 support. Expecting a bounce there before falling to the 200 day EMA that might come it around $900. MACD just crossed over to bearish on the daily time frame as well.