Greetings. I trade options, which has allowed my portfolio to appreciate much faster than trading regular stocks. In light of this, I offer a basic Options 101 tutorial. Enjoy! Happy Trading! An option is a contract giving the buyer the right but not the obligation to buy (CALL) or sell (PUT) an underlying asset at a specific price (strike price) on or before a...
Greetings. I’m slightly bearish on DOCU based on the potential head & shoulders pattern forming on the daily chart. The weekly MACD (not shown) is currently bearish. I also notice bearish divergence on the RSI indicator, which indicates that demand for this asset is waning and the trend may reverse into a bearish trend. Happy Trading!
Greetings. Here's a concise tutorial on the classic cup and handle pattern. Key Takeaways: 1. Cup and Handle (C&H) formation is a bullish reversal signal. 2. Investors take long positions, when price breaks above the trend-line of the handle. 2. Investors can use a 1:1 minimum price objective for targets. Sources: 1. Lim, M. A. (2015). A Handbook of...
Greetings. I'm bullish on AMD, based on the pennant pattern forming on the daily chart. AMD was in consolidation for (3) months before making an explosive move to the upside on 22 July. I expect the uptrend to continue, although AMD may decide to consolidate longer before continuing the bullish trend. If price breaks above resistance, my initial target is $100....
Greetings. TSLA formed a bullish morning star pattern on the daily chart. I anticipate a new $2500 price target. ------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such...
Greetings. I’m bullish on MSFT given the ascending triangle pattern forming on the daily chart. If price breaks through resistance, then I anticipate a bullish move with an initial target of $250.
NFLX broke outside of a channel to the upside, after forming a double bottom on the daily (11 Aug). I'm targeting $600 based on double bottom pattern theory. Happy Trading! ------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other...
Although NFLX formed a double bottom on the daily, the right trough is lower than the left, which gives me a slightly bearish indication. In addition, the weekly chart, shown below depicts bearish momentum and a bearish MACD. At the same time, the daily chart indicates bullish momentum and a bullish MACD. Conflict! In cases like this, the smaller timeframes react...
Greetings. MRNA gapped up this morning and broke outside the falling wedge pattern (bullish). An $80 mid-target will make the case for MRNA much stronger. Happy Trading! ----------------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or...
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Greetings. NIO indicates that it needs more time to develop solid structure prior to a bullish breakout, so I've extended the timeline. When price breaks above resistance at $16.44, the target of $24 is in play. Until then, I expect NIO to fill the space between the blue trend line (acting as support), and the red line (acting as resistance). If NIO breaks...
Greetings. Is AAPL overbought? Yes. Is AAPL trading two deviations outside the normal trend? Yes. However, my philosophy is to "trade the trend." Don't anticipate the market; instead, participate. Currently, AAPL hasn't given any signs of slowing down the recent uptrend. In fact, if you look at the Accumulation / Distribution indicators, demand for AAPL is...
I'm bullish on BABA and anticipate a gap-up at market open, based on the ascending triangle pattern on the daily, and the bullish pennant on the 15min chart. If BABA breaks resistance, my initial target is $320. Happy Trading!
Greetings. I’m bullish on AMZN given the ascending triangle pattern forming on the daily chart. 0n 18 Aug, AMZN closed above its historical resistance around $3251 with strong bullish volume. Once it breaks its all-time-high of 3344.29, I anticipate a primary target of $3900. The MACD and RSI (not shown) are both bullish. Happy Trading!
Greetings. I'm still bullish on NIO, given the symmetrical triangle pattern, which is neutral and slightly bullish since it formed after an uptrend. The accumulation/distribution line indicates that the market has been slowly and steadily accumulating shares before the anticipated breakout. If price breaks above resistance, the target is $23 which is a 1:1 ratio...
Greetings, I’m current bullish on NFLX based on the technical analysis depicted in the charts. Targets : $517, $532, $547 Double bottom EMA (21) respect TTM Histogram up MACD Histogram up MACP Signal Cross (potential) Think. Learn. Grow.
I’m bullish on NIO based on the analysis shown in the graphic. I’m waiting for the breakout with strong volume to confirm the breakout. I also anticipate that NIO will want to take advantage of the EV spotlight that TSLA currently dominates. Although not shown on the current chart, the following indicators are bullish: Stoch RSI: 26.97 RSI: 60.29 ADX: 35 ...
Just sharing my own thoughts on this journey to wealth. The more articles I publish, the more trades I enter/exit, the more I hone my investing/trading knowledge and skills. Happy Trading!