Looking for ATVI to backtest the previous support area of 74.75 with a bear flag
Consolidation between 64.50 & 67.75 for multiple days and testing above and below the range with fakeouts galore
Premium sellers delight after that volatility
Watching for a bear flag to form next few days followed by a big capitulating move down to fill the gap, test $9 or the 2021 low, and then whipsaw back up.
If it could then hold the 50MA and make small higher lows, build some upwards momentum, then it could try to test the last big breakdown level at $17.
Watching for downward momentum to slow and find support above the May low.
Targeting a backtest of the break down area/200MA/overhead downtrend line/uptrend line from March 2020 lows
Analysis seem to like the Q4 guidance they gave and the market is forward looking with the bad earnings and reaction behind them now.
All it has know is how to V shape bounce...
Watching for tightening range to happen while keeping the upwards momentum (rising wedge)
The reversal to happen from a false breakout just like the last big pullback July 6th
Target - the July 6th level 75.75
Looking more like the July 2021 falling wedge breakout than the Oct 2020 by going straight from the low to breaking multiple resistances very quickly.
Would like to short a gap up with an inside candle breaking bear back to the 50MA.
If previous resistances hold as support and the 50/200MA eventually cross and become support then it might get high
Did APPL really just telegraph the next year of price action with the pattern from August 19th up to now?
If the dip in the next few days eventually gets bought just as hard as #8 to #9 on the 2hr chart, spin a top to see if you're in a dream.
The short move down from #11 to #12 would be so gnarly on the daily.
Was interested in the market sentiment going into the real bubbly part of the dot com as the market structure looking very similar to what happening now.
July 1998 fed hawkish on inflation:
Oct 1998 recession looming down 28%:
Jan 1999 bull run up 102%:
To get that next big leg up potentially would need a big dip to...
CGC looking very interesting holding $13 with next levels down at $11 and the March 2020 low of $9.
Expecting it to flush down out of the wedge to $11, not sure if it reaches $9.
Have starter positions and would really like to sell naked puts and buy leaps into capitulation type moves.
Anyone know any stocks below their March 2020 lows?
Are Canadian LPs really...