BA had broken out of a descending triangle and then continued to break through the resistance line drawn from 2 supports over the last year. R1 is 234. Upon breaking that R2 is around $300. Happy trading!
Good morning, traders and investors! As you all and I have been patiently waiting for a breakout from Boeing, we are yet again at a pivotal moment in this stock's journey back to it's pre-COVID normal trading range. The stock is approaching it's channels resistance yet again and we sit here and tirelessly ask ourselves, "could this be it?" But before we throw all...
Nio got a huge upgrade from Deutsche Bank with a price target of $40. When TSLA started receiving higher price targets, it BLEW past them. I am optimistic that NIO will do the same. NIO has broken out of its upward channel, so look for NIO to rip!
MU's next target is $53. With wave 5 being completed in the SPY, we are out of the ABC correction. The market is now back in the hands of the bulls, so if $53 can be broken, I'm looking at $55.50 as the next target.
Boeing has broken out of a descending channel and is now on the verge of breaking out of the long term descending wedge it has been stuck in. Our first target is $180 and if we can break above that, I foresee being back above $200 by the middle of October.
Hi all, as per my last post, BA has acted expectedly despite some of these trolls saying BA is shooting to $200+. BA fell out of a descending triangle and below support, so $143 remains my TP. Look for an update when the bears are out of steam.
SNAP has fallen below is bullish channel and is now on a downward trajectory. I have listed several possible supports to look out for as we head into October. There will be a lot of selling going on in the next few weeks, so you can't go wrong shorting a lot of things.
Micron has broken out of its first pennant, but I see a tide of selling going into next week dragging MU down to high $47's. I am waiting until the end of the month to go long on anything, but Micron is high on my list of lagging stocks that I see busting out to ATH's going into the end of the year.
Nio pulled back after a double top was formed in late August and has retreated from its highs since. The chart shows NIO in an ascending channel after the double top, but this is bearish for the short term (1 week). If and when it falls below the channel, I'm looking for a double bottom at s1 $16.80 or s2 $15.75 as my entry point. Looking at the chart, you can see...
Look for XLK to retest what was once the support line at $114 . First target is $104 (the high from February) and the 2nd target is $100. The bears are in control, so look at this as a shift from a bull market to a bear market going into the end of the year. Long term target is low 90's to high 80's.
Boeing has 4 days to hit the veryyyy end of a triangle that has been developing since June 8. So I believe we are at the precipice of a GIANT move in the coming days. The $180 price is still a very strong psychological resistance and has been hit 3 times in the previous few weeks. Recently, news has been circulating that the 737 MAX will be back in the...