Isaiahgr3

Isaiahgr3

Hello all, as we can see here in this chart the Nasdaq broke its resistance line which it was holding on Friday. This is medium term bearish for the NASDAQ. Expect the QQQ to fall somewhere around 256, at which point it may bounce or break another resistance line. It is no longer trading in an upward channel.

Isaiahgr3

There are always a few rules of thumb to keep in mind when drawing trend lines. 1. First and foremost, a trendline is exactly that, meaning it is a line used to identify a trend. A line that touches many points but doesn’t give you a good indicator of where the price is going isn’t useful. 2. Keep it simple, but not too simple. As tempting as it may...

Isaiahgr3

a fall past 1250 RUBs would cause me to short this stock. However, the odds are high of the stock bouncing at the support line. The RSI is in the oversold zone and there is two support lines in the 1250 range. This is a strong sell off and it could be the case that we see the stock fall even further. Volume is contracting and we could see a big price move either way.

Isaiahgr3

After forming a 2 month flag pattern, the VIX has broken out. The VIX itself could undergo a little more volatility, as it breaks above its previous resistance line and follows the wide downtrend. Interestingly enough, the patterns of the RSI and the price match up exactly. Expect lower lows and lower highs as the VIX consistently hits the next resistance line,...

Isaiahgr3

If I have a choice between giving good and ehh news first, I always pick the good news: the good news is that the stock just broke two long term resistance lines(RLs). The ehh news is that up ahead, AAPL could see increased volatility as it is now trading in a megaphone pattern. The RSI indicates much of the same; a breakout leading to a broadening megaphone...

Isaiahgr3

After just recently breaking out of a wedge pattern, BTC is traveling up the channel and is falling after hitting a recent top. Normally, I wouldn’t put much consideration to a head and shoulder pattern alone, but coupled with a breakdown in support for the RSI, one can’t help but sense a bearish outlook. I would watch the price at the 9700-10000 range as there is...

Isaiahgr3

After hitting a double top pattern, BABA is heading back down to its support line. Watch it at the 252-253 range, at which point it should bounce. Both the RSI and trend lines indicate that the stock could and probably will fall further. For investors wondering when the best time to cash in on profits, I would set a stop loss at the 250-251 range. I would...

Isaiahgr3

CRWD closed below the support line, back into the channel underneath. Expect a short term bearish outlook, until the price falls possibly to the 120 level. The RSI supports this position as it just broke downwards underneath the wedge. Pay special attention to the RSI and the next support line.

Isaiahgr3

After dropping out of the recent channel, Tesla has held its support at the 402-403 level. As long as the support line holds, remain neutral. Be prepared for it to break down past the support line in the case of another major sell off. I would recommend waiting before altering your position, or taking a position in this stock. The RSI could break out either way.

Isaiahgr3

The $QQQ Held it’s support today, after dipping briefly below the support line. I remain bullish. Expect it to continue its uptrend, but with continued volatility. The overhead RSI resistance line and the lower RSI support line are far apart, meaning it could gyrate violently between the two.

Isaiahgr3

After recently breaking out, CRWD cooled off a little and is currently testing last weeks high. Look for support around the 126 range. Further confirming the uptrend is a bullish head and shoulders. A break downwards could put CRWD back in the previous channel. If CRWD continues to continue follow the short term uptrend I would consider taking a medium term...

Isaiahgr3

Crox seems to be trending upward between its RL and SL. However both the RSI and price chart show a near-term wedge coming up. Personally I am bullish and if it breaks out of the wedge expect a price movement above 41.50, closer to 43 dollars. This will be signaled by a decisive break above 41.50, or if the RSI also breaks out. Alternatively, it could break below...

Isaiahgr3

Looking at the RSI, you can see the QQQ was clearly over extended. I would call this a healthy sell off, but just to be sure look for the qqq to test its double support in the 274-277 range. The RSI is also currently holding resistance. Any decisive break past the SL’s and we can expect a fall all the way to the long term support of around 205-215. Another major...

Isaiahgr3

Look for Tesla to test long term support around the 415 level, after breaking down out of recent channel. A fall past 415 could be omega bearish. Feedback is welcomed!