We might get a short term bounce in this stock (max up to $24), but I think we're destined to fall to $16.16, which is the fib for the retrace, as well as the previous trend fib extension. This correlates with the next targets down for the SPY ($350), and #WTI #OIL ($105).
I'm still short oil from $118.
Good luck out there and be nimble!
These aren't hard and fast rules, but they are areas of interest.
I'll be watching for the bottom test of this channel. I'll first look for around $337, or if we break out of the channel, I'll look for $315 or $320 (golden ratio)
I'm half of my portfolio in cash, waiting for the bottom.
My friend is heavily invested in Air Canada and was looking for some potential break outs (or break downs!), so I ran through the whole analysis playbook of how I look at stocks.
In this video, I cover how to analyze price action, fibonacci, some pattern techniques, moving averages, and ichimoku.
Overall, I'm looking to buy the dips with optimal entry around...
With $TLRY, the triangle rule is it will hit the base ($18 price target) in 1/3 the time it took to consolidate. We consolidated for 300 days, and now it'll take 100 days to hit (putting us sometime in July)
These $6C Sept calls I bought for $1.06 will be worth $12 :).
PTs. $8.31, $9.82, $12.09, $16, $18 :)
Good luck out there!
I love me some $GME.
We've got some technical 'scallops' forming here. It's going to pop, but the intensity will depend on the 'catalyst narrative'. Typically, timeframes to hit targets for triangles is 1/3 the base forming (puts us at $290 w/in 80 calendar days. aka CHRISTMAS).
Wait until $180 to buy on the pullback, or you could wait for the technical...
My friend was asking me about Barrick Gold so I threw together this little chart. He had a ton of fundamental analysis about why Barrick was a good play, but this chart says enough.
Puts on Barrick Gold while Gold continues to trade weak down this channel. Considering longterm we're bullish on gold because of this decade long cup and handle, we're now...
Hey friends. One of my friends (and 100% a 'boomer in the making') was looking for some info on BABA. His strategy is always "BTFD" , and he holds very the long term.
Looking at $BABA through a bullish perspective, it's in a decent oversold condition with a defined risk/reward. The weekly candle is a bullish reversal 'doji', and we're below the forming...
Considering JPM recently released their views of Cathies outlook, I did a deeper analysis for some bearish PTs. Seems like 88 is in the cards!
I find it's best to invert the chart. I used fibs, then fib extensions, and some MA's, plus an anchored VWAP. I think we're going to get this quick bounce to 122, then we're going to breakdown. Stop is at the 0.61 fib of...
Oil, Oil, everywhere, and not a drop to drink.
Pretty obviously breakout pending.
Position:April 16 $5 Call contracts at 0.60 each ($60 each).
PT1 = $6.82 (sell 2 contracts of 3). Potential gain of 300%.
PT2 = $8.26 = PT of 500%
Stop loss at $4.44. We'd likely lose around 50% of the initial investment cost.
Conviction of around 85%.
Lots of chatter about $CLOV.
It looks really good from a r/r perspective. Using the gamma divergence zones from spot gamma, plus some fib-ext and height of flags, near term target is $20. Stop loss of $13.30.
Wow, def digging this stock....it's like the $AMZN of $AMZN. Anyone hear of this "China" company?
Fundamentals seem decent. Lots of employees. Low costs. Not sure how EBITDA translates into Mandarin, but it seems like an easy long to me.
23,000 in the next 18mo.
This chart says enough. The fact it's a spicy sugar daddy joke makes it an even better.
DXY looks like it will continue to fall. My broker gives 12x leverage, so if it sugar hits my target, it's around a 6x return. That means sugar is a buy and hold.
Fibs, moving averages, keltner channels all indicate a buy.
Good luck out there.
Just listened to a great interview on the Market Huddle podcast feat. Michael A. Gayed from the Lead / Lag report. Great interview!
So one of his leading indicators discussed was the LBS/GLD ratio and it actually correlates quite well. Although it predicted the 2018 Christmas crash much more distinctly (with a slight trend break down to the trend line false...
TLDR: USD⬇️/ BONDS ⬇️ / SPY ⬆️ / Inflation ⬆️
Eurodollars are USD holdings by banks outside of the US (ie. outside of the reach of the Fed). They're the evolution of banker's acceptance notes, & used for interbank transactions. Think of it like 'electroninc banker dollars'. Eurodollars make up 90% of all international loans. $GE1! (their futures) are the...
I am very bullish $SJM. However, (mid day as of today), it's pretty weak price action. I'd like to test the best entries depending on varying systems. What is $SJM's personality?
Long term my target is still 138 by February 2021. We'll see.
Here's my original analysis.
Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas.
It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now.
Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over...
Sure, this may seem like a sleepy name, but we're on the verge of a breakout. I entered $510 Dec. 11 calls last Friday.
I see this popping to 510 then 522 likely this week.
I haven't looked at OBV, MACD, Ichi, but I know once we get above 492, we're heading to 524 within 5 trading days.
I'd highly recommend checking out NFLX on Spotgamma's Equity Hub, as well...