Juliac

Juliac

TSLA has been in a descending Triangle Pattern which in theory has a greater odds of breaking to the down side eventually. nHowever, it is looking like the bulls will win this time. RSI is now well above 50, signaling strength. Plus we have a strong close right at the trendline "resistence" yesterday. A breakup looks very likely today and I am expecting it to...

Juliac

Chinese companies have been volatile of late for all the political reasons. Hence probably not for the faint hearted. NIO "corrected" from a recent high of 55.13 to 42.73 in just 5 days before finding support where we have a confluence of resistence-turned-support as well as the 50% fibonacci retracement of the AB swing up. The odds looks good for a rebound to...

Juliac

BTU has now burst above it's inverted H&S target (@ 9.80) and the uptrend is looking intact. Some retracement in the near term could happen, but should not breach (prior resistence-turned-) support zones @ 9.50 to 10.00. Looking at the next target of around 14.50-15.00, however expect some volatility during Earnings release in early August. Stop loss is now @...

Juliac Updated 

EDIT broke out (up) of an inverted Head & Shoulders neckline @ 39.20 yesterday and looks to be firmly on the uptrend now. A rise to it's H&S target of 49 looks plausible with stop loss about 50 cts below the neckline of 39.20 Let's see if it works out! Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own...

Juliac

SHAK has been on the recovery since hitting low @ 78 on 13 May. It hit a high of 111.49 3 days ago and has since been consolidating in what is now an apparent bull pennant. It looks like it could be breaking out of this pennant in the next 1-2 days and when it does, am looking for a possible near term target of around 114.70. Disclaimer: TA is about improving our...

Juliac

After a downward streak for the past 2.5 weeks, SURF finally presented a bullish "Morning Star" candlestick pattern. If you are not sure what this pattern entail, just google it and you will find plenty of info. Go Long as soon as price makes a new high from today's candle (7.39) with an initial stop several ticks below the pattern's low @ 6.84. I will be...

Juliac

The market's recent worry about inflation apppears to be overdone. In fact financial sectors could stand to gain from any interest rate hike .. COF had gapped down into the 50% fibonacci retracement level last Friday before closing with a small doji/pinbar. This coupled with a potential bullish divergence between price and RSI and a confirmation as it staged a...

Juliac

SFIX gapped down strongly on 8 March after earnings, leaving a lot of suffering bulls who had betted on the wrong side of this earning. The stock finally hit a low on 11 May and began it's recovery, cummulating to a strong gap up on 7 June, this time on earnings exceeding expectations. However this gap up was right where the prior gap (down) got filled. Those...

Juliac Updated 

EVFM was in a significant downtrend that saw it plunge from a high of 5.50 on 17 Feb to a final capitulation low of 0.74 on 18 May. Since then it had consolidated between 0.75 to 0.92 for several weeks until 7 June when we see a GAP UP from 0.87 to 0.99 on significant volume . This 1st gap in the opposite direction to the prior downtrend is likely the...

Juliac Updated 

After hitting a low of 78 in a few weeks ago, SHAK finally gapped up on strong volume on 25 May, suggesting that the downward pressure might be over. Over the last 2 weeks it began to form a bull flag cummulating to a strong break out of this bull flag yesterday. These adds credibility that the trend has now reversed to the upside. I am expecting a near term...

Juliac

Congrats if you had entered near it's Adam and Eve's bottom @ 12.50 (a 76% gain by now!). I am still bullish on it at the moment due to the mini bull flag that has formed in the past few days and finally a close above it's neckline @ 12.50 yesterday. Let's see if the A&E target of $30 will materialise! Stop loss @ 18.90 for now. Disclaimer: TA is about...

Juliac

Alibaba retraced 36% from it's high of 320 to it's recent low at 204, where it hit into a 2.5 year trendline support (see the weekly chart). Looks like a good time to pick up some shares at relatively low risk with an initial stop loss just below it's recent pivot low fo 204. The recovery could be choppy though with a lot of near term resistences on the way...

Juliac

Yesterday's pin bar close could be a sign that selling is getting exhausted. With trendline support tested (and rejected) twice in a week, the odds appear to be in the bulls favour now. Hence I am cautiously bullish at the moment. To be doubly sure, wait for a break up of the near term trendline (in green) to get bullish. However, should NQ break below the...

Juliac Updated 

On the weekly chart, NQ hit into a long term Parallel Channel for the 2nd time and reversed, forming a mini double top. The sell off in the tech stocks have been gaining momentum this week and may not find good support until the 12200-12300 region. And whether this support zone holds remains to be seen. Renewed "pessimism" has been surfacing due to global chip...

Juliac

ET formed a bullish A&E formation and broke above the neckline on strong volume on 7th May, creating a breakaway gap often seen at the early stage of a sustainable trend. It then pull back to retest the neckline before rebounding again (another classic breakup and retest to shake out the weak bulls). Long with initial stop loss below the neckline @ 9.28. Trail...

Juliac

FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge) Note that as a $6+ stock, it is a...

Juliac

BIDU has retraced a good 61.8% of it's run since the covid crash (AB swing). This is also where we have a previous horizontal resistence zone turned support, around 180-186 There was an attempt to break below this zone (went as low at 174 but rebounded to 208) on the week of 22nd March. Last week, it made another attempt to break below before closing above the...

Juliac

BTU broke out of an inverted H&S neckline last week on high volume at 5.30. It is now 6.60 and there is probably a 30% chance (as with many breakouts) that it could retrace back to test the neckline within the first 1-2 wks. However this might not happen.. and with stop loss below 5.30, please position size accordingly if you are still inclined to "chase" this...