Looking at the long-term trend for the SPY ETF, and I'm wondering which is the direction this trend is going. Can it breaks this long-term and continue moving higher, or is it going to get rejected the same way it has multiple times since 2018? I guess the only way to know which direction this long-term trend heading is to wait and see.
This chart has formed cup and handle pattern. I took a long position at this level, looking for 20-30 % upside from here.
Ever since late March, the Dollar index has been trending lower, and I think the downtrend for the index is near the end. Looking at the weekly chart, the price has been trending at the same range for the past five weeks. Not to mention, the current price range is at a critical support level, and I suppose that to be a consolidation before the next trend takes...
Looking for an upside breakout. The stock has being consolidating at this level for sometimes, I expect move to the upside soon. I took long position at at this level, and my target is $19-20.
Is it true that history repeats itself? well, let's find out together. Today, I looked at historical chart data for the NDX, and here is what I have found. This chart represents data from 1998 to 2001. Before the dot.com bubble, we had a solid uptrend for more than two years with minimal corrections along the way. Then, an Ascending Broadening Wedge, which we...
The chart of Tesla is sort of forming a head and shoulder pattern. The stock has rallied more than 365% this year. I see a big correction coming up soon. This rally we are seen in the stock has nothing to do with the fundamentals. In my humble opinion, this rally we have seen recently is nothing other than a short squeeze to force the short sellers to recover...
The QQQ weekly chart is extremely extended and a pullback is enviable at this level. Risk management is key. be careful.
The volume in the past two days have exploded for this leverage EFT. This tells me there will be huge move for the QQQ. Keep the eyes on that one.
Taking long position in GFI, giving the fact the market is not acting well, and there is high probability we trend to the downside. Taking long position in a precious metal would protect you from downside. Recently, most gold miners companies have done well and trend to the upside. Therefore, I expect this one to continue trending to the upside.
The divergent in the SPX is highly possible. In my opinion, I think we will visit the $2800 support line before we can go higher. The macd is showing clear single of the divergent and so does the parallel channel. The resistance line in the parallel channel has already formed, now we have to wait for the support line to formed as well. TVC:SPX
I love how defensive stocks act when the broad market is not acting well. KR just broke the trend line. I expect this one to continue to go higher and giving the fact its quarterly earnings coming up soon.
Defensive stocks like Walmart tend to get stronger in the mist of market sale off. I think this one is a good place to hide in until the cloud is clearing up.
This stock loos very strong in the mist of this market sale off. Keep an eye on this one. Most likely it will pop to the upside soon. Target $200.
This one looks like is finally about to pop up to the upside. Keep an eye on it. Target $80
CRM has formed nice symmetric triangle. Keep an eye on this one to break to the upside. Target price $190-$195.
This stock has outperformed, and still have more room to the upside. The bull-flag indicates the stock could run higher once it breaks the consolidation pattern. Looking to take long position in this area and ride it up to $81.