LivermoreGrahamDisciple

LivermoreGrahamDisciple

A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.

LivermoreGrahamDisciple

FSLY is down approximately 50% since January 27th and unfortunately it looks like the bleeding may continue. As you can see from the chart the retest of support is occurring in unison with the occurrence of the moving average death cross. I think there is a good chance support will be broken here in which case I believe we would likely see a further drop in price...

LivermoreGrahamDisciple

BIIB has broken out of triangle triangle formation on strong signals from super guppy and MACD indicators. I expect this breakout to continue on both its solid technical's as well as the strong sentiment in regards to BIIB's potential ceiling. Two crucial stories to watch going forward are the potential appeals court reversal related to their multiple sclerosis...

LivermoreGrahamDisciple

As indicated on the chart, SGEN entered oversold territory at the end of October which was immediately followed by a Bullish RSI divergence. We can see that price just bounced at support line that has been holding strong since May and at the same time we received a bull signal from our MACD. SGEN is down over 40% since May and considering the strong bullish...

LivermoreGrahamDisciple

As you can see from the chart, MSFT broke out of a symmetrical triangle formation right around January 20th and enjoyed a very strong uptrend for about a month. We can see a clear break in this uptrend around February 18th just based on price action and we can also see that at this same time our fast EMA's quickly turned silver indicating a weakening of the...

LivermoreGrahamDisciple

In late January KLR broke resistance and established a new support trendline. As you can see from the chart, KLR broke previous resistance in mid-January, at which time RSI crossed into overbought territory. Following this initial overbought indication we can clearly see a bearish divergence as price found higher highs numerous times while at the same time RSI...

LivermoreGrahamDisciple

CRM is down over 30% since its its all-time highs in September is down over 18% since mid-February. CRM is somewhat risky considering its aggressive valuation however, with the digital transformation of the economy and major shift into cloud services this company's long term potential can't be ignored. CRM holds a 20% share of the global CRM market which is...

LivermoreGrahamDisciple

I will be watching for a strong bounce on support here in which case I think we will see some nice quick upside to $25.50+. However, if support is broken I expect a significant drop and a retest of support at 21.10 level that we can clearly see on the 2 hour chart.

LivermoreGrahamDisciple

A bearish rising wedge has formed on SQ. You can see from the chart that as our 2 trendlines have converged and narrowed, price momentum has simultaneously fallen off and a bearish MACD crossover has just occurred. I will be watching price action for a break of support.

LivermoreGrahamDisciple

Reversal head and shoulders pattern has formed on FIS. FIS looks good from both a technical and intrinsic value standpoint IMO.

LivermoreGrahamDisciple

When looking at the 1 week chart we can see more clearly that this recent pullback in price was preceded by a bearish divergence between price action and RSI. We have now entered oversold territory and I think there's a good chance that price will bounce at support however if support is broken we could see an even further pull back to the $100-$110 region.

LivermoreGrahamDisciple

BTAI has just broken out of a nice bullish symmetrical triangle formation. As you can see from my chart the breakout was backed by strong volume as it occurred at a significantly higher level of volume than seen during the consolidation phase. Now that the breakout has occurred you can also see my GMMA oscillator is dying to cross over into the green. The last and...

LivermoreGrahamDisciple

Nice chart for SRPT.

LivermoreGrahamDisciple

Based on my fundamental analysis I have set a $35-$40 price target for IMVT. After a steep drop IMVT appears to have found support around $23 which was also supported by very strong volume. With support established at 23, a strong intrinsic valuation, and RSI indicating it is now oversold I believe this could be the start of a new uptrend.

LivermoreGrahamDisciple

I had previously published on EHTH while it was in a symmetrical triangle formation. There was a brief false breakout at the end of January with the price going as high as 93. This was short lived however as it fell back below the initial resistance line and then rapidly dropped all the way down to $48 following a downgraded price target from RBC Capital. Despite...

LivermoreGrahamDisciple

A nice bull flag has formed on BA. I will continue watching price action and look to buy on breakout.

LivermoreGrahamDisciple

QS has broken out of its descending wedge... I believe we are starting to enter another uptrend which could bring some really nice upside with it. I have set my price target at $70 but I would not be surprised if price went as high as $80+.

LivermoreGrahamDisciple

A descending triangle has formed on FISK. I will watch price action over the next few trading days in anticipation of another breakout attempt. If a breakout does occur I will look to buy and believe there will be some quick upside to $20-$25.