Juliac

Juliac

RBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB). The gap was partially filled before it quickly staged a strong rebound last Friday. This chart has the hall marks of the start of bigger...

Juliac

QS broke strongly out of a base formation on 8 Nov and its volume continued to be strong in the past few days. It made a classic attempt to retest the breakup leve of 32.45 shortly after the initial breakup before resuming another upward thrust yesterday. This established that the horizontal "resistence" at 32.45 has now turned "support". A chart breaking out of...

Juliac

LCID broke up strongly from a base formation on 28 Oct, breaking not 1 but 2 resistences @ 28.50 and 33 respectively. A retest of the near term resistence-turned-support at 33 on 1st Nov would have been a great opportunity to stake. Going forward 33.0 should be a rather strong support and I think a retest of 28.50 is probably unlikely. This kind of chart has a...

Juliac

The original entry after a bullish pinbar was formed on 12 Oct was unfortunately very short-lived. I had meant to take partial profits before it's earnings release on 25th Oct but alas it managed to climb only about 6% before it got slammed down on 2 days before earnings was due in the wake of poor performance by SNAP. I was stopped out eventually due to all the...

Juliac

ROKU had a bullish divergence on the weekly 2 weeks ago with a bullish pin bar weekly candle. Since then the daily has been steadily trending with large daily up candles followed by a few days of tight consolidation and then another large daily up candle (higher highs and higher lows). I initiated a long today with a tight initial stop loss a couple of $ below...

Juliac

FCEL broker up from base formation resistence @ 7.86 today on very strong volume. At the time of writing it has already shot up to 8.60. Do not take this aggressive late entry if you cannot withstand an 80 cts initial stop loss several ticks below 7.86 (which is abt 9% possible loss if wrong). There is a possible chance that such breakups could retest near the...

Juliac

FB was among the weak stocks during initial hour yesterday, losing 2.5% to a low of 317.37 before slowing gaining traction for the rest of the day, and recovering most of the initial dip to close a pin bar. The case for a rebound soon is rather compelling due to 1. higher than average volume that formed this pin bar 2. the rebound occurred right after it tested...

Juliac

I published on 3rd Aug that I am looking at the support of around 14450 for ChinaA50 (representative of Chinese market of top 50 stocks). So far, the support has been holding. In fact, I am getting more convinced that the Chinese market has found support (although another retest of 14450 is still possible until a trend is safely underway) and is getting more...

Juliac

NQ tested a minor support around 14500 (1) in the past 2 days and looks to be ready for a breather. However whether the next bounce is just a short term bull trap remains to be seen. There is an equal chance of NQ heading towards a stronger support at 14000 +/-150 (2). I would be looking to test some longs should NQ reaches this level. While I do not see NQ...

Juliac

TWTR retraced back to the long term trendline support last week and once again started to bounce off this support. Plus, there are also a confluence of fibonacci retracements right at this suport: 1) the 38% fib retracement of AB swing and 2) 61.8% fib retracement of CD swing. It is always a good practice to scale one time frame up (ie from day to weekly chart)...

Juliac

After retracing a hefty 61.8% of its recent AB swing up, AMD tested and bounced off a longer term Resistence-turned-support zone @ 99. We are also seeing a bullish divergence on the daily chart. Good chance that the correction that began on 5 Aug could be over and for the uptrend to resume. However should this rebound fail the stock went lower in the near...

Juliac

Adam and Eve is a kind of double bottom. The entry is triggered as it breaks above the neckline of the pattern. The expected A&E price target will be the equi-distance from the low of the A&E pattern to the neckline, projected up from the neckline ("D" on the chart), which brings it to about 23.50. Initial stop loss will be placed just below 17 and I will...

Juliac Updated 

IRM has just broken up from a Cup & Handle Formation guys! This is a continuation pattern if the trend prior to this pattern was "up". The cup's formation should preferably be at least 1 to 6 months in duration. The "cup" was a mere 23.8% fib retracement of the prior uptrend while the handle was a shallow 38.2 fibonacci retracement from the cup's "rim" both of...

Juliac

AGCO began a downtrend in early May, dropping 25% eventually and then formed a double bottom (first good sign that it has bottomed out). It has now traded back to the "neckline" of this double bottom (@ 133-134) and with RSI now firmly above 50, the odds have increased that it will be able to break above this neckline in the near future and continue it's recovery....

Juliac

FB has retraced nearly 8% from it's recent high @ 377.55 to a low of 347.70 today. It has since rebounded off today's low to 351, which is at gap fill as well a the 61.8% fib retracment of the recent AB swing up. A mini pin bar (daily) appears to be forming right now. Look to long next day if it goes above today's candle hi of 353.8 with initial stop loss just...

Juliac

The Chinese stock market is not for everyone, however, could it be an opportunity to invest when others are fearful? I am putting this down for my own record so that I can look back a year from now to see if I'm right on this one. There has been 3 rather major bear markets since Mr Xi Jinping came into power in 2013: a bear in 2015, 2018 and now 2021, is it a...

Juliac

ROKU formed an inverted H&S before breaking up the neckline @ 390 on 22 June. It then continued to 463 (A) before started to correct over the next 2.5 weeks back to the neckline @ 390 (B). As soon as it tested the neckline on 19 July (now resistence turned support), it began a steady rebound. The inverted H&S target is at 507, incidentally this is also the...

Juliac

NQ appears to be correcting at every 2.5 months interval for this year. Is it just a coincidence that we appear due for yet another correction just as we cross the 2.5 month mark form the last correction in end April? Should this correction turns steeper, I would be looking for possible supports around 13950 - 14050 (confluence of a previous resistence turned...