Nio finally broke through $39 and is now bouncing between the 2.618 & 3.618 fib lines. Although as someone pointed out, TA on stocks like this is quite useless and I tend to agree; this thing is going hyperbolic, what goes up must come down. I think Nio has plenty of leg room to keep climbing and we will continue to see the institutional staircase on the chart....
Doing this little recap because I've already seen plenty of outlandish remarks on Twitter about the election and how the markets are overvalued and what not So, as we all know the election results are being prolonged, Trump is whining, and the markets are up 9% over 5 days. Many believe this is overextended and that the markets will eventually simmer down once...
Broke the resistance, I am very bullish! Just remember: Nio produces half the cars Tesla does and operates within a more lucrative market, yet they're only worth 1/10th of Tesla
Here's my 1 year growth prediction on the NASDAQ 100 NDX I'm looking for a 22% growth rate; leaning more towards a conservative estimate My rationale: - Republican controlled senate & the Supreme Court - Covid vaccine will probably hit the market by July 2021 or at least a better understanding of its long-term implications - Keep an eye on: FinTech, renewables,...
This is my long DKNG trade (which I entered) I'm taking advantage of the big dip last week, I should have probably bought the stock yesterday but wanted to be on the safe side and watch the market and how the election rolled out. Earnings are coming up on the 13th & sports betting is once again gaining traction. with only 47% of float held by institutions I...
Another update, this time Apple AAPL If it wasn't for elections I would have purchased apple after 3 candlesticks touched the red support/demand zone. However, due to elections I did not go through with this trade. My bullish trade (what I would have done had this not been election week): Buy: $108.46 Sell: $117.82 (looking for this price point no later than...
Hey guys, here's a little update on my AMD chart from last week: Take a look at the blue arrow pointing to the red support line, looks like AMD can be making a reversal to continue climbing up the orange trend line Just some notes to consider: - The election results will have some sort of effect on the price movement, this is not a buy signal (yet) - Markets...
I was bearish on Square and ended up being right, so here's my bullish take: Once Square passes $170 ish price point it will sky rocket up to the high 180s. Be on the watch for for the breakout over the next week. Note: It's still possible the markets will keep correcting and the selloff isn't over! But I will enter this trade once Square hits my price targets...
The first two blue arrows point to every time the Dow $DJI dropped slightly below the red zone and revered off a hammer candle stick On October 30 another hammer candle formed, usually this is a bullish reversal pattern, personally I think volatility will persist (nothing like oct2 6-30 tho) and over the course of the next month I can see the Dow retesting the...
Markets dropping much faster than I expected, this could possible create a negative feedback loop, causing the markets to drop to lows seen back in march. Excited to see this play out!
Little update for Apple $AAPL - Purple: Primary trend line - Orange: Secondary trend line - Blue: Tertiary trend lines - Red and green boxes are critical zones So, as Apple touches the green resistance zone it has continuously rejected a breakthrough and continued a downtrend. Now that earnings are out & the market is green today, it is quite possible that...
In: $147.94-148.90 Out: - $160-163 (optimistic) - $155-158 (most likely) Holding period: until November 6th Lets see if I'm correct!
Chart says it all, Harsh rejections! AAPL to $100 by next Friday? maybe yes...
Another graph of the S&P 500, this time looking at the 15m chart. Interesting how this zone is constantly cycling between supply and demand, however this time we are coming off a gap down. I believe this zone will be very relevant over the next 6 months, prepare for a breakthrough up or down
Graph says it all, check the double gaps (as seen by the blue arrows) Could the market be in for another major selloff? My belief: Negative feedback and herding are playing a huge role in this selloff, I don't believe the markets will tank, but I do believe they will continue to fall. The political nature of the market is very prominent in these last few weeks....
Possible breakout idea, Microsoft is undervalued in my opinion :)