Trend_Chasin

Trend_Chasin

Fundamentals don't really back it but this is 2021. The year the rules don't matter.

Trend_Chasin

I just wanted to share this with ya'll. As I was looking at this chart I noticed the huge rounding bottom dating back to 2003. I ran the Trend Based Fib Extension up the initial trend and back down the retracement, and I just thought it was neat and interesting how well price has respected those 1st Fib levels for the last 20 years almost. They had an awesome year...

Trend_Chasin

If we can get a little volume inflow I think we could breakout of this pennant. That Point of Control for the VPVR is falling nicely on that .236 fib retracement level and its had a nice consolidation period. The RSI is still signalling uptrend. No confirmation from the MACD because the volume is so low but the Slow Stochastic is flashing a buy. I like this...

Trend_Chasin

MDC has been forming a cup pattern dating back to 2005. Its UUUUGE! MASSIVE! THE BIGGEST THE WORLD HAS EVER SEEN! No but seriously, YoY and QoQ they have increased earnings and profits in a steady upward trend. From 2017 to 2020, they increased earnings from 2.5 to 3.8 Billion, while at the same almost doubling the profit margin. 2020 which has been a hard year...

Trend_Chasin

I am bullish on Nio, in the short term and overall in general. Today we had a nice hammer on close. Price action came down, tested, and wicked nicely off the .382 fib extension level. That has been a key support/resistance level since November. Nio also released their delivery numbers over the weekend. A new record was set for deliverys for the month of January,...

Trend_Chasin

Ford has taken a beating the last few years, from EV's moving into the market and recessions, coronavirus, and recalls, Ford seemed destined to crash and burn. Ford has been moving into the EV market for alot longer than most people realize. In fact in 2019 Ford had the largest public charging network for their EV line with over 12,000 places to charge, with over...

Trend_Chasin

I'm hopeful that a short term uptick in ETH will be inbound here shortly, Its above the 10, 20, and 50, MA, riding the mid-line of the schiff pitchfork, and the 10, is over the 20, which is over the 50, I turned off the MA's so the chart was a little clearer (and I apologize I forgot to make it single a single chart panel) RSI and MACD are not over-extended, but...

Trend_Chasin

Friday of last week Apple was showing some pretty heavy bearish sentiment, having closed well below the 20MA as well as falling through the 2nd to last support line of the schiff pitchfork. The longer top wick, with the almost non-existent lower wick shows at some point during the day, the bulls pushed the price up momentarily, where the price rejected off of the...

Trend_Chasin

Post IPO CRSR had a nice strong trend, and a good run up, then the price action got a little exhausted, RSI got a little overcooked, then it corrected. Since that time, for the last month and half, it has bounced between the 0 and .236 Fib levels. On Friday we reached out and touched the 61 EMA before some buyers stepped in and pushed the price back up for a bit,...

Trend_Chasin

I have been keeping an eye on GRT for the last month, and it looks to me like it has broken out of the rounded bottom that has formed, and could step its way up to ALT. You can see the volume is increasing, and within the rounded bottom, an inverted head and shoulders formed before it finally broke through resistance at around .37 and again around .4 The MACD...

Trend_Chasin

I believe a correction on TSLA is imminent before a continuation higher. Since the low of the Covid Crash, Tesla is up a whopping 1400%!! I will be the 1st to admit I'm apart of the Tesla cult following, but at some point you have to ask yourself, how long can this move be sustained? Before you jump on here saying, "Tsla isnt just a car company, yada yada yada,"...