Madrid

Madrid Wizard

DEC08:If the support at 33 holds and short covering starts then this could take this stock back to the 39-40 level. There is a positive momentum divergence between the early november level and the current price. But the momentum by itself doesn't make money unless it moves the price on its direction. Entering right here is risky and it would be catching a...

Madrid Wizard

DEC08:Multiple Tops at the 17.75 level, unable to break this historic level plus a weakening trend and a negative divergence make this stock to think it over before retrying the break above the 2011 levels. It looks like this will take a break before attempting a close above 18 again. It has support at the 14 level. I am bearish in the short term, looking for...

Madrid Wizard

This stock has been severely hammered and the drop from the 70's level to the 20's has ridden the stock to almost a 100% Fib. Retracement. However it is starting to show some positive signs. There is a momentum divergence between the low on Oct 15th and the low today. It is still too early to declare a Bottom, but the volatility and the ATR metrics on this one...

Madrid Wizard

Last L.O.W. level was at 103.79. The 101 level is where the .5Fib is reached and possibly a retracement back to 106 then it's up to buyers to jump in and take it up, or leave it and let the price fall back to the .5 Fib level again once the short covering is over.

Madrid Wizard

What we recently saw in BABA was just an up leg that didn't have enough strength to break to the upside, So far we have had four weeks in a row with Lower Highs. Bulls who rode the uptrend until 120 are still holding on hope ignited by the two uplegs we've had so far, which is a normal behavior, that uptrend was very good (80-120), reality today is that it has...

Madrid Wizard

Downtrend channel on the daily, Currently at the Mid Channel Zone. Trading Range 112-105. Above 112 it'll recover, below 105 downtrend continues. Target @105, Target 2 @ 101. Support on the 0.618Fib (105.88) above the 34 EMA. This level is key for a downtrend continuation. I expect a rebound on the 101 level since this is the 0.5Fib retracement level. I don't see...

Madrid Wizard

Technically speaking it is still an uptrend If this holds this level and enough buyers jump in then it will still have another leg to the upside in the 60m with a target at 260. The key is to maintain a level above 245. If the level is broken below 240 then it could go to the 237 or 230 support Long if Price >245,

Madrid Wizard

Another all time high for the SPX. Those are the good news, but the market is extremely sensitive at these levels because any minor 'correction' triggers a defensive response. We saw last month how the VIX jumped to its 0.236 Fib. Resistance level as soon as the SPX had a hiccup. After the fast trend in the SPX we were not even close to a correction, the fastest...

Madrid Wizard

Another all time high for the SPX. Those are the good news, but the market is extremely sensitive at these levels because any minor 'correction' triggers a defensive response. We saw last month how the VIX jumped to its 0.236 Fib. Resistance level as soon as the SPX had a hiccup. After the fast trend in the SPX we were not even close to a correction, the...

Madrid Wizard

NOV18: If support @111 is broken, next target is 105, where the downtrend channel Support line is and there are chances for a short cover bounce. If the downtrend continues keep an eye on 101, where the 50% retracement is located.

Madrid Wizard

REGN is doing a double top and it's at the Upper Channel Resistance level, If it is not able to break this level to the upside, then it will retrace to probably the mid channel line, and eventually if market in general falls it can go to the lower channel support line. There is a negative momentum divergence, which is the signature of a downtrend. Entry: 386,...

Madrid Wizard

BABA Must break above 120 otherwise this smells like the dreaded H&S. It is losing momentum and it has the negative divergences that appear with a H&S pattern. Unless this does something outstanding and goes above 120 my sentiment is Bearish on this one.

Madrid Wizard

NOV14: Negative Divergence. Trend still intact. R@109.43 It still has room to grow to the upside until 112.64 when it'll touch the Upper Channel Resistance. A short term down trend can be expected to take profits and a possible reentry point with a target at 100 do the downside.

Madrid Wizard

If you bought TWTR close to the IPO chances are you paid around ~ 40 a piece to have the illusion that suddenly your investment made an amazing 73% in 40 days just to find later that the price tanked below the IPO price. People found a great "Buy Opportunity" when it crossed above its IPO price again on July to have the illusion that it would fly high, but, yes...

Madrid Wizard

Positive Divergence. Gaining Momentum, Support @37.69 and MA compression. If there are no more sellers a news may trigger an uptrend. Entry 38, Target 43, Stop 33. Risk/Reward Ratio 2 I wouldn't play too long term with this stock since the main trend is Bearish and the big players like to play a lot of mind games here. This has a good volatility though (12%...

Madrid Wizard

Negative momentum divergences. This flashes a Warning signal. It needs to hold above 114 and 112 to continue, otherwise it risks to start a downtrend. Unless this trades above 120 I will change my mind.

Madrid Wizard

Z seems to have bottomed at 99, ER is very close, and several indicators are rotating to the upside, we have momentum rotating to the upside, Downtrend has stopped and accumulation is starting to show positive signs. If ER is good enough this will create a short squeeze with a target between 115 and 120.

Madrid Wizard

Right now TSLA is at the point where it is at the Lower Main Channel Support and the the Upper Minor Channel Resistance. There has been an increase in momentum and the accumulation started to pick up. The trend is not broken yet, it is just at the extreme levels. So This ER will be a crucial to continue the trend to the upside or start a downtrend. A good ER and...