aaronsmth5

aaronsmth5

After a long few months of trading sideways, and a couple of fake outs, it looks as though GME is holding it's bullish breakout of the wedge that formed the last 3 months. Looking for a break of the $45-50 ish highs from earlier in the year and to settle in somewhere above that heading into the end of the year / early 2023. I suspect wall street does not want a...

aaronsmth5

One of the hallmarks of the dot com bubble was the megaphone topping patterns across much of tech. This pattern is very hard to trade and typically very volatile. On top of that we have a huge rising wedge dating back about 1 year. A break to the downside of the red rising wedge and I am targeting $320. Bearish RSI divergence has continued since 2018. This...

aaronsmth5

Use log scale for Y-axis. Zoom way out and look at previous historical up trends. GME will return to its original IPO upwards channel and likely break $1000. Not financial advice. Just lines on a chart.

aaronsmth5

I have been closely following AGEN after their approval of the Shingrix Vaccine. After a couple years of shortage issues, sales this year should be killer (they are partnered with GSK). Look for more positive news to come in about their oncology pipeline as well. Weekly MACD cross, volume picking up. 1st target 5.00, selling part of my position there and...

aaronsmth5

Title says it, not sure of a price target, but I will hold until >$250 minimum.

aaronsmth5

The top is basically in for tech. Get ready to short all of these megaphone tops. SQ, FSLY, numerous others. FSLY should bounce back up into the megaphone and then breach it. Take a long position for the short term if you feel like being risky. I will personally add to my short positions as it climbs.

aaronsmth5

Short SQ into the ground. Textbook megaphone pattern, typical of market tops with too many retail traders.

aaronsmth5 Updated 

BUY BUY BUY. BJs at bottom of channel, oversold and expect killer earnings from this growing COSTCO competitor.

aaronsmth5

SCYX has been consolidating into this bullish wedge for months now. With upcoming catalysts, such as the first FDA approval for their ibrexafungerp antifungal in Q1 2021 and other catalyst announcements potentially in Q4 2020, this looks prime for a large break out over $10. I will be buying at any price within this wedge with a target >$20 for profit taking.

aaronsmth5 Updated 

Title says it, long term trend has been solid support. Will hold until gap is filled near $55 to $56

aaronsmth5

QURE should continue climbing with recent sell off from news wall street did not like regarding licensing of their hemophilia drug. Support on Weekly MA found, MACD cross and RSI bullish divergence. Phase 3 results should likely come out sometime in the future, like this quarter(?), based on company's prior reports.

aaronsmth5

Back in 1996 an RSI record was set on this break out and everybody thought a collapse back into the channel would happen. But then that RSI record was broke over and over, and over, until 2000 bubble bursts. I am not sure how this will play out in the long run, but we could be just at the beginning of an enormous tech bubble 2.0. This is just food for thought.

aaronsmth5 Updated 

Title says it all, looks like TSLA has been consolidating for another big break out right as Q3 delivery/production numbers are set to be announced and with earnings later this month. Not financial advice, just an idea.

aaronsmth5

Buy and wait for delivery / production numbers for Q3 at end of week (or sell some early to take gains)

aaronsmth5 Updated 

SPY looks to be forming a descending wedge. I will be watching closely for a break out of this wedge to go long. Let's see how this plays out the next few days with potentially more stimulus being announced.

aaronsmth5

Clear bull pennant, Target 20+ easily, get in on TUP now 9/18 ATM calls are cheap and should profit nicely

aaronsmth5

The picture says it all...Scratch my last post about shorting QQQ, it is a large portion of it's holdings as Amazon, so might as well long QQQ too if you can't afford AMZN shares. Don't short anything right now, travel and banking sectors are somewhat recovering and people will not rotate out of tech, this will push SPY and QQQ to new heights.

aaronsmth5 Updated 

QQQ will likely see a large pullback when the stimulus bill that is priced in does not pass as quickly as expected. It would be a perfect time to open short positions over the weekend...ya I said that, never thought I would say that. I suspect this MM pump on earnings for tech stocks will be a great exit point for those in power/insiders. I expect a healthy 15%...