About meThis post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
About 145 days into the bull flag. Still waiting for a breakout but positive signals are lining up nicely. If we succeed in a breakout these are the levels to look out for:
Long Target: $24
This outlook is invalidated below: $18.10
I don't like this 174 weeks double top pattern. Last week's closing had it retested the neckline but failed to turn resistance into support. Proceed with caution. I have a short target of $18 in future.
Anything above $50.60 invalidates this view.
The market is extremely volatile right now. Shorts are getting higher. It's not easy to find a good business with a good technical setup right now. However, NASDAQ:DLTR Dollar Tree looks promising. The breakout last week might give us a shot at $99 conservatively. However, we are treading on ice right now and anything might go south, so keep a lookout and keep...
I really don't like descending triangle for NYSE:CVX . I have fundamental analyst giving me a buy/hold signal but i am still cautious. This 139 weeks descending triangle might play out just be very careful and wait for confirmation before entry.
Not confident in the current diamond top pattern. This pattern usually spells bearish. Daily and Weekly RSI are pointing up so this bearish diamond top might fail. Wait for a confirmed breakout before longing since it might be a bull trap. Take care.
I might be jumping the gun here. Based on Elliot wave forecast, IF Wave 1 and 2 completed, i might be looking at 1.618 - $0.22 target.
A break below 0.063 invalidates this outlook and taking shorts at $0.043.
Pilbara ASX:PLS has corrected nearly 85% from all time highs since Dec/Jan18. Now it is sitting at the Fib 0.854 @ $0.485. How much more will it continue to be shorted? PLS is one of the most heavily shorted stock on the ASX by the way.
The previous bull flag took 69 weeks to complete. Although there might be no correlation but price-action is printing a...
Qantas ASX:QAN is running out of room in what seems like a descending triangle. If there's no break to the upside, expect more downward pressure to $4.22 in the coming months - long term outlook.
Due to the uncertainty of the market - trade wars and oil prices - a breakout in the coming weeks should also be taken with a pinch of salt as it might be a bull trap...
NASDAQ:AAL sitting comfortable inside the falling wedge. I am expecting/hoping for an upside break. Conservatively, I am targeting $40 if AAL breaks out of the wedge. Otherwise a correction to $29 invalidates this outlook.
I dont like where SGX:C6L Singapore Airlines is heading. This is a very very very long descending triangle. SIA might have bottomed here or it might be facing tougher times ahead. I am leaning toward the latter and I would not catch a falling knife right now. Until there's a clearer picture, i would stay away.
NASDAQ:AAL might have bottomed. And if it falls further, it means trouble for the airline and everyone as well. The chart looks good by the way. Indicators are turning up and if you are looking to hold for long term, catching the falling knives at these levels might be a good bet. I am targeting $40 if the falling wedge breaks upwards. Otherwise a fall below $27...
Too early to tell but i am jumping the gun here. We need a close above 0.73 and a confirmation as well to be (more) sure. I do really like the forming of the bull flag in the weekly. In addition, there's a mini ascending triangle forming in the bull flag. Let's go!!!
Target : 0.89
Close below 0.65 invalidates this outlook.