About meHi everyone, I've been trading for about 5 years and starting to take things seriously especially after the last bear market taught me very harsh lessons.
I tweet ideas and also stream the market live on Twitch occasionally, including showing positions
Starbucks has been trading between 96-113 for months now and recently Starbucks has pulled back under 100 to its support level of 96. On the Daily chart we see that every time it has touched this support it has bounced back up towards at least the 100 level.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support...
CVS has been beatdown over the last few months but seems to have found a strong support around the 66-67 area and has been trying to stay above the 70 range. It recently gapped back down under 70 because of NASDAQ:WBA (Walgreens) poor guidance. If it can beat this key level and bounce of this support and its moving averages then we can expect CVS to reverse the...
AMD has been consolidating for a few weeks now from the 130-131 Key Level. AMD had strong support at 107 and has bounce up past the 110 level. If AMD can break the 115 level it has room to go as high as the 130-131 key level.
The technicals are nearing confirmation of the setup through the Triple EMA & MACD indicators on the 1 hour time frame. The daily chart...
GOOGL recently bounced off the 50 EMA and the support at 117. If it holds over 120 it may be looking for a move back towards the 127 key level. The technicals are beginning to set up but no confirmation on the longer time frame candles other than a strong support at the 117 key level.
On the 15 minute chart TSLA is appearing to form higher lows within the key range between 259 and 242. TSLA has been rejected at the 259 resistance a couple time and appears to be in line for another retest.
Other indicator appear bullish, or will this be a fake breakout and a trap for bulls?
A bearish pennant may be forming on the CAT 15 minute chart. It has been trading within a channel and the pattern began to form at close of 6/26. CAT has a support at 233 that it bounced off it recently.
