afran020

afran020 Updated 

Entry - $109.22 Target 1 - ~ $120 Target 2 - ~ $142 SL - $107.06 RR_T1: 4.56 RR_T2: 15.61 Weekly Chart: - Established up trend with HLs (purple rectangles) and HHs Daily Chart: - Possible HL (yellow rectangle) - Break of Blue Trendline - Break of previous LH (green rectangle) - Risk management: SL set just below this level 30 Min Chart - Entry upon break of...

afran020 Updated 

verall Market looking very strong right now, but this stock is pulling back and even slight under the 30 minute trend line. Weekly and Daily are still showing uptrend. If this level can hold above recently broke resistance (purple rectangle), this could be a very low risk entry if we bounce. Price action has broken on the 30min Trendline, however, RSI has not...

afran020 Updated 

This company showed a lot of strength this time around last year. Since then it has been consolidating in what looks like to be a giant symmetrical triangle on the Weekly. Yesterday, it broke the triangle to the upside and fell slightly back inside. Today it broke with significant momentum and is looking to retest on the 1hr chart. Setting a close stop loss...

afran020

I believe VOO (S&P500) is out of the Uptrend (Daily TF) it has maintained since the Feb 2020 Crash for the following reasons: 1. Broke ~1 year trend line (Yellow trend line) 2. Broke under previous HL on Daily (orange region ~$401) 3. Failed to make HH on Daily (above green region ~$417), 4. Failed to make it back into uptrend channel 5. Rejected by 50MA and...

afran020

Will recent history repeat itself? After getting strongly rejected around the $4000 level, heavy focus should be taken on the weekly close. A rejection from this level in May resulted in a 50% crash. Looking at shorter time frames, I will be looking for a strong close above $3600, or expect further downside.