Well hello everybody,
My second favorite stock is on an absolute tear this year, you may be wondering: "what's happening next?".
Well, i know you are, so lets see..
Based on this chart, NIO is extremely bullish headed into its ER report but i did notice that NIO is heading to fill the big gap of this morning,
so what i think is happening here, is that NIO will...
A bit late but worth to note that Pinterest did EXACTLY what i had predicted ahead of earnings!
Huge gap up to an ATH following right behind SNAP huge Q3 earnings beat.
Its worth noting that ad revenue was on record level with Pinterest and that's why the stock headed up almost 35%!
Its cool to see plays working out!
Short term though, i believe we are headed...
Pinterest stock just gapped up from $45 to $51 ahead of earnings mainly on a sympathy run alongside SNAP huge Q3 beat.
Today, the stock moved into the $53 range.
My expectation heading into ER is that PINS will follow Snap and post a big Q3 beat as I believe the ad revenue will be YUGE as more and more people have been home from COVID and they're spending more...
Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term.
The stock broke its support of $116 here and will likely continue and trade under $115 today.
If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next...
NIO is back to consolidation mode!
As you see on the chart we saw
1. The first huge climb from 17-22
2. The consolidation for a few days
3. The breakout from 21-29 and change
I think based on this chart that NIO will trade sideways for a bit and if there’s no Washington style take down of the markets with no stimulus passing or any election related...
Update from yesterday's PTON chart analysis:
Peloton has officially broken its upward climb with a fall under the 125-126 support level.
Although I like this as a long term investment, the short term is looking like a sideways/downward trend.
If you plan to play calls, I would look for end of year expirations.
Peloton can benefit from the winter months if...
Peloton showing testing of its support levels.
In danger to falling under its bull upward pattern. Volumes have been decreasing steadily so i would like to see this keep going but i feel like it has reached its top price of 139-139.90.
Support at 126.50-127 and if it breaks lower, it could test 125-123-120.
For short term traders, this would not be...