InvestmentSentry

InvestmentSentry Updated 

IBM overextended on monthly Bollinger Bands and hitting trend line resistance. If this plays out similar to history I'm expecting a 20% drop within the next 200 days and about 40% drop in the next 2-3 years. Fundamentals also looking weak with declining revenues, lower margins, and burning cash. Cleary a breakout that holds to the upside will negate this bear...

InvestmentSentry

Right at long term resistance. Rising wedge breakout and very overextended on the monthly Bollinger band.

InvestmentSentry

Many factors lining up for NVDA to go under $400 if the market selloff continues. Potential bear flag breakdown and retest in play. A continuation lower puts the price target under $400. Also, little volume underneath until about $360 area where the volume shelf starts to build again. 50% fib of this run comes in around $370 and monthly MACD curling down sharply.

InvestmentSentry

This stock doesn't stay down for long. Sitting on multiple lines of support and down big past 3 weeks. Expecting a big move higher at least in the short term.

InvestmentSentry

Bounced off 20 day MA and closed above the previously broken resistance, also sitting on diagonal support. Doesn't get much better than that.

InvestmentSentry

3100-3190 has been a magnet the past 6 months. Currently sitting right above trend line and could present a good R/R opportunity to go long with a tight stop.

InvestmentSentry

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.

InvestmentSentry Updated 

Not feeling great about this but the options are so cheap it is worth a shot.

InvestmentSentry Updated 

Moving in pretty clear channel. Waiting to see if $44-45 holds to buy the dip.

InvestmentSentry Updated 

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...

InvestmentSentry Updated 

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.

InvestmentSentry Updated 

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.

InvestmentSentry

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.

InvestmentSentry Updated 

AMZN completing this diamond by 12/7. If it breaks down I am expecting a big move down.

InvestmentSentry

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.

InvestmentSentry

Looking like its going up too fast to me. Expecting a small gap up followed by a pullback to low 380s, then next stop $400+

InvestmentSentry

Looks like AMZN went up too fast to me. Previous moves so fast came back to retest the previous high shortly after.

InvestmentSentry

If this plays out we could be hitting the apex near the end of September. Would love to see $150 area hold so I can go long.