chiefwils0n

chiefwils0n Updated 

Greetings All, AAPL is bullish, but has a few gaps to close around R1 ($127) and the Pivot ($122). Resistance is evident at R3 around $134. The pattern appears to be a bullish cup and handle, but the handle is still forming. I anticipate a retrace to R1 or the Pivot, before AAPL breaks to the upside targeting $140 and then $150. Happy Trading!

chiefwils0n

Greetings All, I"m very short-term bullish on SQ with at $250 Target, based upon Support / Resistance and the 2H RSI being oversold. I opened a 240/242.5 Call Debit Spread this afternoon. Be careful with earnings, since IV tends to drop on after the release. SQ may drop further to $217, and then $203. I'm LONG at both price points. Happy Trading!

chiefwils0n Updated 

Greetings, TWTR formed an Inverse H&S pattern, which I interpret as bullish. TWTR is between 20/50 MA, which is a very good time to enter any trade, whether you're LONG or SHORT. TWTR is also in the lower half of the 200D regression channel, which presents an opportunity to go LONG. I'm targeting $75 initially. Happy Trading

chiefwils0n

Greetings All, ROKU formed an Inverse H&S pattern, which I interpret as bullish. Great price entry at $360, which is between 20/50 MA. Target the $440 gap. Happy Trading!

chiefwils0n Updated 

Greetings All, SQ is a $$$ making machine - that is if you sell options! Now that SQ has closed the $270 gap, it may close two smaller gaps created in its recent ascent. I'm targeting a retracement to the 20MA (blue) or 50MA (orange), which is between $235/$240. If we can get to a 78% retracement to close the gap at $218, it would present a great entry. SQ is...

chiefwils0n

Greetings All, You see it. I see it too. NFLX has a huge gap at $550 that will be filled at some point in the future. That's my target. I'm basing this analysis solely off the need for NFLX to fill that gap. Oh, and the hidden bullish divergence on multiple indicators (as shown below) helps too ;) Hidden Bullish Divergence: Happy Trading!

chiefwils0n

Greetings All, COST, along with Home Depot (HD) have been on a tear lately. However, targeting the reversion to mean principle, I expect COST to retrace to the 50MA around $355. There is also bearish RSI divergence on the daily chart. Happy Trading !

chiefwils0n

Greetings All, NIO broke the descending triangle (intrinsically bearish), to the upside, which I interpret as a bullish breakout. The chart also shows that NIO encountered a market bottom on 8 March around $32. NIO has also respected the long-term trend support with support around $34. NIO also closed above the 20MA and will test the 50MA as resistance. As you...

chiefwils0n

Greetings All, PTON has been extremely volatile and largely unpredictable. Nonetheless, I'm targeting a gap fill at $120, given the fact that PTON is outside the keltner channel and near the bottom of the bollinger bands. This presents an opportunity to enter the market. There is also hidden bullish divergence on (4) different indicators as shown below: Bullish...

chiefwils0n

Greetings All, TLRY indicates bullish divergence. Target the 50 MA at $20, which is also a gap. Assets usually fill gaps. If price moves with strong volume, target $24 and $30. Support is the 200 MA around $16.75. Great entry zone. Happy Trading!

chiefwils0n

Greetings, SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300. Targets are...

chiefwils0n Updated 

Greetings All, UPST has seen tremendous appreciation over the last few weeks, after releasing its first earnings report. Nevertheless, the technicals indicate retracements ahead, likely around the 50% area ($110), which coincides nicely with the 20MA. This is apparent with the breakout below the symmetrical triangle formed on the daily. The MACD also confirms...

chiefwils0n Updated 

Greetings All, RIOT has formed a bullish symmetrical triangle on the daily charts, indicating that it wants to retest resistance around $80 (by the end of May is my estimate). MACD is showing bullish divergence (Indicator forming lower lows, while price is forming higher lows). A break above the trend resistance with strong volume will confirm the...

chiefwils0n

Greetings All, PLTR may test resistance at $26, and on breakout, may target a gap fill at $32. Happy Trading! Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks,...

chiefwils0n

Greetings All, Based on the ascending triangle pattern breakout and the linear regression channel, BTC should reach $80K by June 2021. Happy Trading! Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with...

chiefwils0n

Greetings All, NIO will breakout from this symmetrical triangle pattern very soon, either to the upside or downside. Based on the volume and recent price action, I anticipate a move to the upside to test horizontal resistance at $45, and then $50 prior to the May options expiration. NIO formed a triple bottom on 05, 25, and 29 March 2021, all which were market...

chiefwils0n Updated 

Greetings All, TSLA may retest trend resistance ($780) in an attempt to close the gap, prior to 21 May 2021. The primary (weekly) resistance has been $712 around the 38% retracement level. If we break above this horizontal resistance, the next test is the trend resistance at $780. Trend support has been strong for several months. Market bottom occurred on 5...

chiefwils0n

Greetings All, AAPL filled the GAP. I anticipate a retrace to the 20 MA ($125). 4H RSI is overbought. Happy Trading! Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in...