Double bottom break on daily will take the price to 87. Opened a long position with stocks in addition to my swing trading calls! Chart symmetry is an integral part of Technical Analysis!
Watch out for the test of 1.6 fib extension! $UPST
Long over 20(200MA on daily).. - Broadening formation - RSI oversold - bounce of TL support - PT1 23.18 - PT2 28.11 - PT3 30.45
SPY is at Trendline support here! But there is also a bearish wedge forming ! If the price breaks the wedge to downside.. What's the trade here ? #RedDevilTrades - Short SPY if 380-379 support breaks - Cover 25% at 368-369 zone - Cover 50% at 356-358 zone - Cover rest at 328-330 zone. For the market's sake & our 401Ks let's hope it doesn't come to 330. But...
Here are the levels I'm watching for a relied rally on SPY. For any true reversal we need to close over 385 with volume. #RedDevilCharts
This will be a long swing trade for me. Lumber is in good demand too :)
$BCC showed good relative strength on a red day yesterday. Have this one on your WL today !
Excited to be testing out a new trading system called PowerX from Markus Heitkoetter. The indicator is available free on TradingView. Give it a whirl, if you are curious.
$DKNG has so much tailwind going for it & earnings is the perfect catalyst which can push it through to new heights !!
$MARA will be a bitcoin sympathy play. Here are the levels Im watching. #RedDevilTrades
$PLTR In Cathy do we trust ?? #RedDevilTrades
ADBE had a bit of a selloff on Friday. Here are the levels I'm watching for ADBE for next week. #RedDevilTrades
TTD had a monstor ER and if the market co-operates it can run this coming week ! Here are the levels I'm watching. #RedDevilTrades
Waiting for price to break out of the pennant here. The targets are provided based on Fibs.
Looking to enter $CRSR on the break of the pennant to the upside to go long. However, pennants can be bullish/bearish based on how the price moves out of the pennant. The same logic can be applied to go short if the price moves down out of the pennant.
$CRM was down recently on the acquisition news of Slack. But I see Slack being a shrewd acquisition and will complement CRM numbers. A positive ER call & a co-operating mkt should take them close to $300 PT.
Tight consolidation. This will be a monstor breakout if it breaks the pennant to the upside !!! Keep this on WL
Waiting on a bounce off of 200 SMA to enter long.. Waiting on the symmetrical pattern to play out.