TheWolfOfST

TheWolfOfST

CVS is breaking out of a Multi-Year Downtrend since 2015. CVS has repeatedly bounced off an uptrend line dating back to 2002 (Post-DotCom Bubble). CVS Fair Value is $100~ based off my discounted Free Cash Flow calculations. I am long since $61, CVS is my largest position at ~15% of my portfolio.

TheWolfOfST

CVS is technically and fundamentally strong! BUY BUY BUY 8.5x Forward Earnings 1.29 Price to Book 5x EBIDTA 9.7x EV / EBITDA +3% Dividend Yield

TheWolfOfST

Unlikely but possible a huge Head & Shoulders will being playing out in the coming months. Could conclude the Right Shoulder with a double bottom at $234.

TheWolfOfST

Looks like AMD is forming a Bear Flag, looking for a possible short entry tomorrow if it hits $26.40~

TheWolfOfST

SNAP is very overextended, up 141% in last 12 weeks (high to low). RSI currently overbought. Fundamentals still awful with no user growth and no profitability. Expect this pattern to break at around $10 at the end of May. From this point on (March 15, 2019), I expect a pretty significant pullback!

TheWolfOfST

Snapchat has ran +141% in 12 weeks. The company has no profits, no user growth and massive debt. They are currently trading at 12x Revenue, for comparison FB is 8x Revenue, Twitter is 8x revenue and both of those companies are profitable and have user growth, SNAP doesn't. This rejection has already begun and got demolished at the trend line from the all-time...

TheWolfOfST

Rising Wedge Reversal

TheWolfOfST

Netflix is breaking down from both a rising wedge reversal and a large broadening ascending wedge, dump incoming

TheWolfOfST

Rejecting $25~ resistance, should retrace towards $24 support than if market conditions deteriorate $22 next stop

TheWolfOfST

Read the Conference Call and think this is an overreaction. $85-88 range is holding nice support. Think we could see a rally to $100 and eventually $110-120

TheWolfOfST

SNAP HAS BEEN UP 93% IN 8 WEEKS. THIS RISING WEDGE REVERSAL WILL DUMP THE STOCK TO A MINIMUM OF AROUND $7.50 BY THE END OF MARCH

TheWolfOfST

Snapchat has now went on a greater than +90% in the last 8 weeks since December 24, 2018. It is more than due for a pullback as it has rejected its 200D MA. Also, its recent move after earnings mirrors an 8 day period at the end of October where it ran up before the vast decline. For these reasons, I expect Snapchat to be less than $7 by the End of March.

TheWolfOfST Updated 

Netflix is in a descending broadening wedge pattern. It is looking to complete the third leg down which will then provide a huge bounce and breakout of the trend. The stock's movement is very weak and overextended but needs the market to pullback as well to carry this down. I am looking at 300 as an area to cover and then reshort any short-term bounce off it.

TheWolfOfST Updated 

Descending Wedge at trendline, expect this to pullback into February

TheWolfOfST

Currently, Snap has broken the potential symmetrical triangle and now has broken the potential falling wedge. While a strong daily close could see this wedge still in play, I see it much more likely that Snap will be dropping to the bottom trend line which has accounted for bounces at ~$11.3, ~$12.3, ~$13.3. Depending on how fast and hard Snap drops, the bounce...

TheWolfOfST

It looks as if a Bull Flag is forming on the hourly with decent upside potential. I expect to test previous resistance between 8.5-8.6k because that is where the 200 EMA on 1hr & 50 EMA on 4hr are. Next level would be between 8.8k-9k. 8.8k for previous resistance and 9k for 200 EMA on daily.

TheWolfOfST Updated 

BTC is breaking down from the bear flag. Consider a small bounce possibility at 7.8k, but this movement will probably go much deeper. 36k long on Bitfinex that will eventually capitulate, be ready to buy the bottom and be careful!

TheWolfOfST

LTC breaking out of symmetrical Triangle! Go Long