Safe_Trades

Safe_Trades Updated 

Hello dear padawans. Today we are going to take a look at LI, the Chinese car company. If you read what analysts say you may be torn between buying or waiting on this one. Here I am just looking at the chart. Overall the outlook is very bullish for LI. All indicators on the chart are bullish on the daily timeframe. Volume today was not exceptional but above...

Safe_Trades Updated 

Hello dear padawans of the charts. It looks like SENS broke out of the pennant pre market. You can monitor the price from here for a re-test of the pennant resistance as support or for a drop back within the pennant. If the top of the pennant becomes support we could start rallying again after this brief accumulation within the pennant (the price could also...

Safe_Trades

Hello fellow traders and dear padawans. As we can see from the chart, after the March 2020 crash TSLA has been trading on a clear pattern of accumulation followed by steep rallies. It looks like we are in another accumulation ranging between $790 and $900. Although volume has been decreasing that OBV keeps going up like a rocket, which gives me confidence there...

Safe_Trades Updated 

Hello dear padawans. I hope everybody is doing well. If you don't know VAXART, they are working on a covid vaccine that is taken orally; apparently the only one in the US (world?). The stock fell today after the first phase of tests yield no antibody response on volunteers (more here: cnb.cx). They are continuing their research into a phase two so this is not...

Safe_Trades

Hello fellow traders. Are you guys prepared for this week? I think it will be exciting. I am expecting a reasonable drop given the uncertainty of the markets this past week and the fact that the futures are red. Also, I think we are due to a correction. I may buy the vxx calls and spy puts to hedge against my positions. The vxx spiked 25% last week and the spy is...

Safe_Trades

Hello fellow traders. This is not an analysis, just a commentary. There is another pump (and dump) happening right now: XRP. Since we are all witnessing what is happening to DOGE (went down hard), I would stay away from XRP. I think the message was sent and high ranked people are talking about regulations and whatnot. However, to me this is starting to turn into a...

Safe_Trades Updated 

Hello traders! I haven't traded crypto in quite sometime until yesterday. I saw DOGE pumping really hard and did some investigation, after which I learned that WSB were pushing its price. I jumped in at $0.025 ran all the way to the top at $0.88 (at which time I was already sleeping) and sold today at about $0.60. It was very good profit but could have been way...

Safe_Trades

(Republishing this) Hello my dear padawans. This is going to be a quick one. TECHNICALS Technicals don't look very good but hey, this is TSLA and many (most?) times it tends to ignore them. Here they are: 1. MACD crossed the signal line bearish and somewhat sharply if compared to the last couple of times. Last time it crossed in similar fashion it dropped about...

Safe_Trades Updated 

Hello my dear padawans of the charts. I hope everybody had a good weekend and is ready to start what promises to be a good week for the markets given the amount of (good) stocks that are reporting earnings this week. DIS is not among of them, but its ER is coming soon on 02/11. Of course things can change, specially with earnings around the corner (and Disney+...

Safe_Trades Updated 

Hello dear padawans. This will be a short one. If you want exposure to the cannabis market (which seems promising under the new administration), this ETF is the new (hot) kid on the block. Its price soared 130% since September 2020. It seems it is retracing now after that shooting star candle that was the peak of the exhaustion move. I plotted the fib retracement...

Safe_Trades Updated 

Hello fellow traders and all of you beautiful people that read my analyses. If you follow the markets you know that GLSI rallied over 2,900% in one single day on hopes of a new phase of their breast cancer treatment (bit.ly). If you were in it, I have to congratulate you. That is almost 30X your money in a single day! I truly hope you took some profits because...

Safe_Trades Updated 

So this is a big earnings week fellow traders and padawans. AMD is reporting on Tuesday after market close with an expected $0.41 per share. Last years' report for the same quarter was $0.27. According to an Investopedia article , "Analysts estimate that AMD's quarterly gross margin will be the second-highest in nearly four years, though it will show only a small...

Safe_Trades Updated 

Hello fellow traders! Who bought the dip today? :) Let's look at one of my positions that contrary to most of my other positions actually went up as the sell off ran in frenzy: BCLI. I have been scaling into BCLI for about two weeks after I identified the channel that formed after the huge drop of about 70% (look at that gap!). My average price is $5.25. The...

Safe_Trades Updated 

LAZR failed to breakout from the triangle and continued on sideways move within a clear channel after that pattern was completed. LAZR is now on the channel support as well as the support of the 21-ema and 14-ema. Seems to be a good place to enter a position because if the price breaks below the support you can exit the trade with minimal harm. Other indicators...

Safe_Trades Updated 

Hello dear padawans. If you read my last analysis on ABNB (link below) you would know that a move to this level was expected. I will repeat what I wrote there: if you are in for the long term you can start scaling in here (not financial advise, just an idea). I am a buyer on the channel support. Safe trades my friends! Share the love: If you get anything out of...

Safe_Trades

What a day, huh? The markets responded positively to the Inauguration but FLGT fell about 10% (13% but it then recovered some). Seems like it is time for a pause for this stock after a long and healthy rally. TECHNICALS Weekly There is bearish divergence between price and rsi (also on the daily, obviously). We can see that FLGT has been riding the 14/21emas...

Safe_Trades Updated 

This is Another request from a follower. ABNB wide swings after IPO created a clear ascending channel . I used the 4hr timeframe for this one because there is very little historical data to plot on the a daily chart . As you can see, the price fell about 10% in the last trading session. It found support on the 9-ema (where it is sitting now) and the 14-ema (check...

Safe_Trades

Hello fellow traders and padawans. I did a previous analysis on ZM where I suggested it formed a rounded top (links below). Zoom reacted from the rounded top neckline and rallied a few percentage points. It is struggling with the first fib retracement level for the third consecutive day, which I have anticipated on the previous analyses (seriously, check them...