Juliac

Juliac

I am cautiously optimistic that the the correction that started since mid July could be finally over and we could begin to see more ups rather than downs going into the final 2 months of this year. SPX did come very close to its H&S target while NQ was 4% shy of its H&S "target" (close enough though!) before we had a bullish reversal this week. One could still...

Juliac

DXCM had been essentially a range bound stock in the past 3 years, forming what is potentially a long term head & shoulders formation (bearish if break down). However, it looks like the odds of breaking down has diminished with a bullish monthly pin bar now forming after finding support at its 88.6% fib retracement (imperfect double bottom). The stock is still...

Juliac

From mid July till now, SPX and NQ had been undergoing corrections resulting in lower highs (LH) and lower lows (LL). Although there is a chance the correction in SPX could be over, we can never be sure until it manages a higher high (HH) at least. JBL on the other hand, has demonstrated good relative strength to the market, eking out higher highs (HH) and higher...

Juliac

CRWD - Ready to bounce? Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA. There are a few signs that CRWD could be ready to bounce from it's recent correction that started on...

Juliac

The stock markets are looking extremely weak at the moment and after what turned out to be a "sucker's" rally that lasted about a week from early October, things appear to be heading south quickly again. SPX has broken out of its rising channel that had begun since the start of the bull run from 13 Oct 2022 even closed (slightly) below its 200 Day moving average...

Juliac Updated 

FOR was in a strong trend from June (pt A) till its peak on 7 Aug (pt B). It then went into 50% fib retracement over the next 2 months, hitting a possible final low on 6 Oct. A couple of bullish divergences between its price and RSI were also seen just prior to hitting this low. What followed next was a bullish morning star pattern. Went long @ 26.35 on 10...

Juliac

We had a rather treacherous 2.5 months of corrections since both SPX and NQ hit their peaks in July, resulting in a 50% and nearly 38% fib retracements respectively of both indices' major AB upswing in (Mar - Jul). SPX breached its H&S neckline briefly before finding support near major support zone (comprising 200day MA, Horizontal support, VWAP, 50% fib...

Juliac Updated 

Despite a difficult last 2 months when both SPX and NDX have formed a potentially bearish Head and Shoulders formation, both are still holding at their respective necklines so far. Upon zooming out, we could also see that SPX is still trading within its rising channel that was formed since the start of its bull run from Oct 2022. what transpired so far was a...

Juliac

The picture isn't pretty for Bulls at the moment. With a potential Head and Shoulders formation in the making, the likelihood that both the Nasdaq100 and SPX will be testing their neckline "supports" in the near future appears strong. September is historically a "weak" month and this year it appears to be no different. Whether this is just a much need correction...

Juliac Updated 

Since it began trendng more than a year ago from July 2022, NFLX has a tentancy to correct back to its rising trendline every 3 to 6 months or so. As at its close @ about 400 yesterday, it has already corrected 50% from it's recent AB swing. Whether it will find support here remains to be seen. Another 5% downside from here would bring it to 380, which is...

Juliac Updated 

SDGR has been in an uptrend since breaking above its Base Formation neckline around $36.30, experienced several retracements of between 38.2% to 50% of each mini swings on the way up. Its most recent retracement is more "severe", now at 61.8% retracement. And with Earnings expected just round the corner (on 2nd Aug), it appears there is some "fear" leading to...

Juliac

DIS has tested it's long term horizontal support @ 79 and it is holding so far. A potential bullish divergence is also seen on its monthly chart which increase its odds for some upside bias for the next 1-3 (monthly) candles. The caveat for divergence is that it only signals a (potential) short term trend reversal, lasting on the average 2-3 candles and does...

Juliac

FSLY is in a rising trend with frequent steep pullbacks towards its rising 50 day MA. It appears to manifest a certain swing pattern that is quite tradable Potential to long: 1. when bullish divergence (between price and RSI) begins to appear 3. better if there is also backed by some other supports (eg 50%-61.8% fib retracement levels) 2. wait for 1st bullish...

Juliac

IWM has been flip-flopping within an Ascending Triangle Pattern for the past 1 year+. It is no wonder that many of the smaller stocks are exhibiting wild flip-flops in the past months. On a more optimistic note, an ascending triangle pattern has greater odds of breaking to the upside eventually. For IWM, this means a breakup above 198-199 could happen eventually...

Juliac

STX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume. A number of technical signals are now going right for STX and it appears a trend continuation is underway: 1. its 200 day moving average is now subtly curving...

Juliac

DKNG has corrected back to a possible near term resistence-turned-support @ 26.50 - 26.80. Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95). I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly...

Juliac

ELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average. Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop...

Juliac Updated 

U had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16...