Quick follow up on FOOD.CA (Marché Good Food). Both some in the early days of the pandemic in 2020. Sold too early but still made money. This push was pandemic driven. No reason for a push anymore, hence the down trend. Peak of Head'n Shoulder formed in Jan 2021 and confirmed in October 2021. This chart pattern confirmed a good 6 months before SPY's Head'n...
Information technology sector is part of the S&P 500 list. It basically includes all the big names you can think of (Apple, Intel, Microsoft,...). S5INFT (S&P 500) is currently in a descending channel. With a death cross in March, descending 200MA and 50MA, this sector is in an obvious bear trend. Lower highs and lower lows are showing week after week. If this...
Hi all, For this one, no price target. Just an evaluation of the status of the market. Consumer Discretionary (S5COND) chart shows the industries that have a tendency to trend lower in a bearish market. It encompasses industries that produce durable goods like cars but also leisure items such as Netflix and others. The fact that the chart has been (and is still)...
With economy going into recession (most likely), shipping services will not be as required as they were during the pandemic. That said, ZIM took a lot of value during the pandemic. Now that it is over, and adding that inflation is super high, gas prices through the roof, shipping services will not be as popular over the next few months, years as they were. So...
NVDA not doing any better than the rest of the market. Tech sector getting hit pretty hard nowadays. Descending triangle is confirmed with a price target of 66$. This target also corresponds to the 2019-2020 support level. Increases likeliness of happening. 250RSI under 50, not good. Death cross, 50MA crossed under 200MA. Not good. Negative RS. Not good. Stay...
Hello All 2000 of you guys, Quick update on SPY. Been seeing this coming since November 2021. No fun. Bearish head'n shoulder on the daily (and weekly) chart, about 80% of the initial target price filled. Fifteen points away from 350$. Price action could find some support around 350$. But I don't think it's gonna hold that long. Bearish pressure is too high....
Hi all, Haven't posted since March so it's been a while. I'm currently in cash with long options with SQQQ. This means, I'm shorting the market. Now on SPY: Bearish head'n shoulder on the weekly chart, confirmed. 18% possible loss with 350$ target Head'n Sholder target price: Target price 1 = 350$ Additional target if 350$ support breaks: Target price 2 =...
Thanks to my friend @superiorJaguar24882, I'm thinking about getting into SOXS in the near future. (Left Graph) SOXS (3X Bear ETF, Semiconductors) is currently in an ascending triangle, not confirmed, with possible gains up to 74%. This is supported by the current inflation rate, gas price and overall bad news. Our fun money is just not as available as it used to...
Hi all, Haven't posted in quite a while. Reason being that I'm doing this for free and the market was not showing any more bullish promises. So here we are. High inflation rates, gas price exploding, Ukraine war. Not many positive news. I'm bearish now. And have been since my last post in late November, early December 2021. I own lots of SQQQ calls for Jan 2023...
Confirmed bullish flag on PEX. All indicators are go! Target price = 0.575$ Stay humble, have fun, make money.
Confirmed Ascending triangle for CFP.CA on the Canadian Market. Possible Entry area = 32$ Stop loss Area = 29.20$ Target 1 = 33.63$ Target 2 = 34.45$ Target 3 = 35.58$ Target 4 = 39.05$ Stay humble, Have fun, make money!
Ascending triangle, confirmed, on the weekly for BAC.CA on the Canadian market. My entry point = 0.15$ My stop loss area = 0.12$ Target 1 = 0.165$ Target 2 = 0.240$ Target 3 = 0.265$ Stay humble, have fun, make money!
SPY has been in this ascending channel since 2020. Price action keeps bouncing off the bottom of the channel. Higher highs, higher lows. Price could bounce off the bottom of the channel yet again tomorrow. We will see by end of day tomorrow if the uptrend resumes (Green arrows) Or price action could breaks through the bottom of the channel, invalidating the...
Break out of the ascending channel top With Volume. Ascending trend is likely to continue. Watching for the next patern to show. Stay humble, have fun, make money!
Ascending Triangle , not confirmed Descending volume during formation Resistance at 15.00$ 250RSI > 50 ATR climbing, more volatility RS > 0 50MA > 200MA 50MA and 200MA ascending Potential profit target = 73% Potential Price target = 26.10$ Stay humble, have fun, make money!
Ascending Triangle , confirmed Descending volume during formation Volume at breakout Support at 885.00$ 250RSI > 50 ATR climbing, more volatility RS > 0 50MA > 200MA 50MA and 200MA ascending Potential profit target = 56% Potential Price target = 1387.77$ Stay humble, have fun, make money!
Bullish Pennant, confirmed Descending volume during formation Volume at breakout Support at 305$ 250RSI > 50 ATR climbing, more volatility RS > 0 50MA > 200MA 50MA and 200MA ascending Potential profit target = 44% Potential Price target = 441.04$ Stay humble, have fun, make money!
WMK is showing a bullish pennant on the daily chart with a possible target price of 79.10$. The weekly chart's ascending triangle shows some additional potential gains with a price target of 86.05$. The weekly chart of the sector to which WMK belongs (Consumer Staples) is currently into a confirmed ascending Triangle with a possible total price action increase...