Needlez33

Needlez33

Looks like CVS is in a consolidation period. Distribution is more likely being that there's more selling than buying. ER estimates also appear to be too high to hit and all the indicators are pointing down. I would open a position after earnings but if i had to call it right now it looks bearish for CVS. The ceiling is at 67$ and the floor is 60$

Needlez33

Damn! 4 months of consolidation?! Volume is starting to pick up and if the market is green this week it's surely able to help PEP break the ceiling and pass $140. If not you can be comfortably sure that the $127 floor is more solid than the $138 ceiling.

Needlez33

It failed to break out of a rising wedge, then it failed to break out of an ascending triangle, and now it found support at 30$. With all intents and purposes the chart and indicators look really bad and set to go down further. The wildcard is the ER. The only reason I'm neutral. I can see them harping on their recent acquisition of grubhub and forecasting large...

Needlez33

BP broke out of a falling wedge then came back before the apex and it looks to go down further. The selling volume and all the other indicators pointing down isn't helpful either. What are they going to report in earnings? Business is booming? Keep in mind that this was a $40 stock precovid and with everything going on in relations to low demand i see this going...

Needlez33

It seems DIS broke out of a rising wedge into a symmetrical triangle. The indicators look bullish but the news has been just awful for them. Maybe their online revenues are keeping them afloat? Honestly, this can go either way but the ER is close to the apex so i believe that news will trigger at least a 5% move. It looks ripe for a strangle...

Needlez33

ROKU broke out of an ascending triangle and now looks like a mini ascending is forming. Unlike the big one this one seems to have some consolidating going on. I suspect accumulation (more buying than selling) rather than distribution. Roku barely beat ER last time and it swung down but this one is coincidentally taking place near the apex of the triangle. If it's...

Needlez33

I see a descending triangle within a symmetrical triangle. By breaking the descending, touching the symmetrical, horrible earnings, and multiple indicators being bearish i see strong signals suggesting more decline in the near future. The RSI hasn't reached oversold levels yet so there's more space to go down. I think another 10 points if i had to make a guess....

Needlez33

It broke out of a descending triangle. Over 5%. It's a bit sideways now but not only do I not see this dropping I think ER will be a positive change in comparison to the last 2 quarters. IMO 65$ will be reached and if it breaks through that $68. Hint: They announced that they're hiring hundreds of extra workers. Business can't be bad if you're trying to keep up...

Needlez33 Updated 

I'm seeing an ascending triangle forming. With earnings coming up this week it seems like a no brainer. Fedex did very well and i suspect business has been very good for deliveries these past 3 months. I have no shame in saying that this will be my earnings play for the week might go in earlier if it hits $122.

Needlez33

Spy just broke out of a rising wedge and showing a throwback which bounced off the top trendline of the triangle. The RSI is showing that there's still room to go before being considered oversold and looking at the other indicators it seems to be on the up and up. $327.57 is the resistance and if SPY breaks through we can see this go to $335 before the next retracement.

Needlez33 Updated 

This is the prettiest chart i've seen this month. It seems to be respecting geometry well. Let's begin at the first impulse wave on 3/23-4/28. After that, PFE went through a distribution period through the month of May. It broke down from there to a correction wave (falling wedge) then broke out to another impulse wave. It looks like the beginning of the 5th wave...

Needlez33 Updated 

It damn sure has support at $170 but all the oscillators, decrease in volume, and descending triangle formation is showing me a bear if i ever seen one. I think the military contract they signed will help them in the long run but next week or 2 i see this dropping out of the sky. Resistance at $190.

Needlez33

It broke out of a descending triangle and if there's any company profiting during this pandemic it should be reasonable to think the company manufacturing PPE is doing well. We'll see in earning's on Tuesday. I think the trend will continue...

Needlez33

Being called Tesla's rival definitely has it's perks. It does imply that $NIO is extremely undervalued triggering FOMO like a mf. The daily was tough to chart for me but the weekly screams an impulse wave in the works. It looks like it can hit 30$ by November but beware the incoming retracement in the next month... or just hold.

Needlez33

Here $ABT broke out of a bull flag and had boosters from ER results. I can see this easily hitting $103. It found support at 97$. I can't see what bad news this company will receive in the coming weeks. Solid products and one of the market leaders in covid and diabetes testing. IMO this will eventually be a $150 stock.... Just not next week lol.

Needlez33

Seems like $DPZ has been consolidating all week but today it broke through the floor. If this falls through 375$ next support is 362$. After that it's $300. I'm personally executing call credit spreads until i spot a reversal. This company will not go bankrupt but it seems like its going to get worse before it gets better. Trade safely.

Needlez33

The chart shows that $CMG is breaking out but i think it will be a false one especially after ER today. I think they have not been doing well during this pandemic and it will come to light AH today.

Needlez33

Here we see $GE breaking out of a falling wedge and now forming a descending triangle ahead of earnings. It looks like a lot of pressure is coiling especially when i see that this stock has one of the highest volume on options today. A lot is being wagered that this will be going up. The indicators also seem to all be bullish. I'm in for the short term. The floor...