GS has broken it's neckline today, under $356.45. GS looks like it has officially reversed from it's uptrend pattern and it now bearish.
I see a somewhat head and shoulders pattern here and the neckline has been broken. If GS holds under the neckline, it shall see some more downward motion in the next 30 days.
1st Target: 352.28
Been watching this for a few weeks. Looks like it will be downtrending for the next week or so. I see that it has broken below the ascending wedge indicating downward motion.
1st target: 370
2nd target: 365
Happy Thanksgiving! I will update this if needed.
Chart has made a Rectangle chart pattern. I like like this pattern bc it's easy to see.
-Meta is has been consolidating between $134.55 and $142 for the past 14 days. It needs to break one of the two to know it's new short term direction/trend.
If META breaks above $142.50, we should see $155.
If META breaks below $134.55, we should see $121.
I have alerts on,...
Thoughts: Yum looks like it's going to close under $108.90 on the 1D. I saw YUM yesterday and I really like this stock. I can see it going to 95 in the next 30-60 days.
If YUM closes under $108.96 today, we should hit 102.41 in the next 7-30 days.
1st Target: 103.15-102.41
2nd Target: 95.61
Patience is a virtue.
MMM has been dying since I found it at $129. It has broken past both targets(Refer to previous MMM ideas).
MMM is definitely down trending. Most likely it'll continue this way unless, there is a catalyst(positive news, etc)
My next short term target price is $104.
I do believe that we'll see $90 in the next 30 days.
1st Target: $104
MSFT closed under $235 today so, this should see $223-222.20. I'll be entering this Monday and will hold for the next 14-30 days.
1st Target: $223
2nd Target: $214.41
S.L: $236.14(Re-enter at better price)
MMM has successfully broken $125.45 and is now trading below the resistance.
1st Target: $117
2nd Target: $114
-It should get to the target in the next 14-30 days.
-Volume has decreased significantly today as well
-I also see a nice head and shoulders pattern on the larger chart.
MMM needs to close under $125 on the daily chart to reach it's next support of $114.
Stop loss: $128.70
I understand the entry is pretty wide so just get in where you fit in. Try to wait for a leg up to at least $126
BA looks like it has some more downside. It's looks like it will close under $129.93(support)
If this closing under $129.93 on the daily, we will see some downside to $123.38, if it closes below that it will go to $112.79
1st Target: 123.38
2nd Target: 112.79
Please wait for confirmation(closes below $129.93 on the daily)
Always have a S.L if...
Netflix breaking put of it's diamond pattern. It's been consolidating for the 3 months and seems to be finally breaking down. I don't see it holding on for much longer If netflix closes below $229 on the daily chart today, we will see it go to $221 in the next 7-14 days.
Target 1: $223.96
Target 2: $218.73
Currently in at $233
Always beware of...
QQQ couldn't stay above $280.63, a major support, yesterday and closed below it on the daily.
QQQ has some more downside. There's always a possibility we can see Covid lows due to this recession period. Interest rates are getting higher and higher which means less people will be able to afford to buy homes, the housing market will be seeing some downside too in...
QQQ has been trying to break and hold it's new resistance of $290.55. I also see a bearish diamond pattern forming.
I will be entering in at $291.55-289.62. I will wait till after 12pm EST just in case there is a retracement. It is now 11:29 am EST 09/20/2022.
Jerome Powell will also be speaking later this week so I will be holding this until Friday.
Spy gave us a ride earlier this week lol. I lost 43% but made it back on the ride down. Gotta love the stock market.
If SPY closes under $389.92.
1st target: $385
Always a chance of a bull trap but this chart is breaking down. Beware and set a S.L