Confirming IBM super-bearish into Spring 2020. Expect high volume sell-off pre and post earnings release. Pre earnings drop possible around mid to low 130's, may go as low as sub 120's on earnings or up to 1-2 weeks post earnings, as low as 110's by end of the year. Fantastic short potential on super-weak technicals.
AAPL is currently sits inside a very weak closing wedge (rising) with multiple incompletions, which technically invalidates the whole formation. Many simple touches and very few solid open/close candles at the formation borders. Stock is still above all MAs and enjoys "OK" volume. It's unclear if that pump has already occurred or not, in my personal opinion it's...
Ugh, just get me started on Boeing. The ugliest most ridiculous technicals in a chart I've ever had the "pleasure" of addressing. One of the most obviously manipulated stocks on the US stock market (next to SPY). Investors trading BA should be aware of large cap players (and banks) continuously pumping and dumping this trash. I will explain the technicals as far...
CMG stock took a bad turn with its last-minute reversal, which unfortunately went below the critical level of 842 it took the edge off the bullish sentiment. It's now difficult to say if it'll break out above, as it missed the previous high of September 9th. The Heikin Ashi candle on the 'weekly' is still bullish and so are many other indicators, so I would...
This stock is an obvious short at this point. Can't expect good news on earnings release, but beware shorting this stock for one good reason. At these levels the company is an obvious buyout target, which would catapult it towards $50-65 at once. Unusual high volume spikes throughout the years can be detected (with little stock movement), which could indicate...
Failing to cross 'X' in order to remain in Channel 1 will force the stock to complete Channel 2. In this case sub 7.5k is expected. Line 'X' is your temporary bull-signal. Only if the 'daily' PSAR series is crossed, marked P1, you can truly call the stock bullish . On the downside, watch out for the lower PSAR series. Crossing P2 will confirm sub 7.2k levels....
BA traded as expected (see previous chart), and is to continue it's decent towards the 300 mark (and lower) tomorrow after their earnings release (BMO)
CMG broke out above it's 'diamond' formation, labeling it officially a diamond continuance (and not a reversal ). 9 out of 10 indicators confirm the stock to be bullish towards 900 post earnings, 950'ish by end of this month, and the 1000 mark can be broken by the end of this year. I did use some old-school tricks to get higher precision trend-lines, so I've...
Earnings Release – October 23rd (AMC) (chart self-explanatory)
Expecting a breakout to higher grounds (560+), all indications check out positively for ER today after close . Lines and connections have been averaged on the 'monthly' with step-line over 'linear'. RSI is ready to surge, ADXDI is fully charged. Stock is continuously creating higher highs and is expected to break the 600 mark by the end of the year.
Analysis per request: Greater likelihood to further correct towards 150 (and lower) in the months ahead. No clear upward signal at the moment other than a possible retest around 170. (chart self-explanatory, lines and connections have been averaged on step-line over linear)
Shanghai Composite Index with major correction expected by mid next year. Multiple failed formations throughout history, especially recently. The performance is rather simple to read, which is unusual for major indexes. The index is clearly "flattening out" currently, and seems to be charging for a large movement. ADXDI confirms this as well. (lines and...
DGD bullish to 22, once there, I'll make a more in-depth analysis.
Here's a rather rare find. There's another spot for a 'weekly' candle within the diamond, and on the next one we should know for certain in which direction it'll go. Diamonds tend to 'reverse' more often than they do an upward 'continuance'. In CMG's case the candles reach higher at the top but close lower, thereby suggesting a downward bias. In addition, the main...
I've made it a little simpler for you to follow XRP's key ingredients that will either sweeten or sour your boiling soup. Your enemy is the mid-line of the formation you've just exited. If you somehow manage to break and close a weekly candle above it, you'll be upgraded to neutral . Not bad but that's not all. If you truly want a bullish signal, you'll...
Here's a simplified logarithmic version to make things even clearer. Will beat ATH sometime next year.
Let me be honest with you guys, I want this to go past 20k just as much as you do. But when we quickly allow ourselves to step away from being emotional (and greedy), we can assess the facts with just enough reason to not get hurt. Yes. Longs may get their retest towards 9.3k (maybe even 9.5k or more), I agree it's very likely now with the latest positive candle...