christianmartin4746

christianmartin4746

TWTR fell $18 over the past couple of weeks and it looks as though there will be a lot of buying of TWTR over the next week or two. RSI is slightly oversold and other indicators show there is a slowing in bearish momentum. Looking for a slightly bearish start November 1st and looking for a price rejection within the entry channel. $55 will act as a breakout and...

christianmartin4746

Over the past few of weeks TGT has been on a strong uptrend but has slowed on its momentum since being removed from GS buy list. TGT has not been able to pass the $260 resistance level and it has created a bearish divergence, at the top of a strong uptrend. Expecting an early rejection off the $260 resistance level and the start of the bearish trend. Entry: $254...

christianmartin4746

FB generally trades within this channel and FB hit a support level October 26 and started to trend up. Generally FB moves strong in one direction until it hits an important support/resistance level. Looking for price rejection off support the morning of October 27 Channel: $315 - $314 for a bullish uptrend to resistance Channel: $321- $323 .

christianmartin4746 Updated 

IBM, leading up to previous earnings, formed a bearish divergence and gapped down. IBM has not been this oversold (RSI) since this time last year, and indicators show a strong bullish momentum. Hour timeframes shows that dip buying has started.

christianmartin4746 Updated 

TWTR was looking relatively bullish until trump came out with the announcement that he will be releasing 'TRUTH' social media app. TWTR formed a double top, despite not having conformation, TWTR generally respects the double top formation. A breakout below the trend line will be used as a good entry point.

christianmartin4746

Was looking for conformation of a bearish reversal for DELL, and at the top of the uptrend there is a bearish engulfing candle with other indicators pointing down. Using Fibonacci on the right as support and those on the left as resistance. Watching for a break of the uptrend line and finding support at the golden trend line.

christianmartin4746 Updated 

COST has been on a strong uptrend all week with no pullback. October 22nd there was a strong rejection at the 2.618 and the whole bearish pin is outside of the BB. Looks bearish for the next week, bulls could be waiting for one last push to $500 before bearish reversal. Looking for conformation October 25th. Price Target One: $469.80 Price Target Two: $459.97

christianmartin4746

SPY formed a Doji at top of a uptrend at resistance while breaking uptrend line. Social media earnings are October 25 and 26 and they look to be bearish that could drive the SPY down. After filling the gap, if there is no reversal that might be the end of the bullish market. VIX shows that volatility is increasing and there looks to be major selling off.

christianmartin4746

AAPL has been trending up and momentum has slowed during the middle of the week last week, at a fibonacci resistance level. Indicators show a slowing in momentum and there could be major selling; if there is major selling over the next few days then AAPL could be looking for a jump after earnings. Slow Stochastic is extremely high, yet RSI is balanced, majoring...

christianmartin4746 Updated 

CRM has been trending up since last week and now it looks as though investors are getting ready to take profits. - Slow Stochastic is curving down at the top of channel + Slow Stochastic is at 97 + RSI overbought + MACD shows slight slowing + gravestone Doji at the top of uptrend (bearish) October 19 CRM started to trend downwards around mid-day, so...

christianmartin4746

Momentum of V is looking bullish while tech looks to be a bit bearish - Support level is around $229 + 200 EMA is around the same level + top disjointed channel will act as resistance if there is a bounce

christianmartin4746

There has been a lot of optimism the previous weeks with with earnings around the corner. There seems to be bullish momentum, but it may be short lived. - MSFT is at resistance level + Slow Stochastic is curving down at 97.66 + RSI is approaching overbought + top of Bollinger band $306.25 looks to act as resistance with some early bullish momentum. It...

christianmartin4746 Updated 

FB has fallen over $50 in the previous month and does not look to make a meaningful reversal soon. FB bounced off its long-term uptrend line, but it met resistance at it short-term downtrend line. - The four hour time chart shows the stock is $15 under the 200 EMA + quiet bearish - Slow Stochastic is showing a down trend + rejection off downtrend that it has...

christianmartin4746

MSFT, in the past few weeks, have made weak recoveries - giving false hope to the bulls, but with tapering around the corner it is hard to see the price jumping up - MSFT recently filled a small gap + since filling this gap the price has been consolidating - Slow Stochastic shows the momentum of MSFT trending down + slow stochastic is extremely overbought...

christianmartin4746 Updated 

SPY has been trending down since early September and has not been able to recover - formation of a bearish pennant + October 6th high was at bearish pennant resistance + RSI has not really been over over 50 since September 10th + Slow Stochastic is showing that a trend reversal is upon the horizon SPY might try to find support on the trend line - if...

christianmartin4746

It does not look like MSFT will hit a new high as it looks as though bear season is upon us - 5 EMA crossed the 50 EMA September 29 + more than average selling past few days Price Target 1: $275.04 Price Target 2: 266.76 (200 EMA) + based on fibonacci and previous trend lines If MSFT goes up, it will look to fill gap; use the downtrend line for reference

christianmartin4746 Updated 

FB has fallen over $40 in past few weeks at a sharp decline; seems like it could be looking for support around the 200 EMA. - FB is looking to find resistance a bit above $348 + downtrend line and trend line acts as potential resistances + green projection angle shows the predicted move area - FB will look for support around $330 + fibonacci estimates...

christianmartin4746

TWTR is overdue to test its previous high from July - The bottom of the recent downtrend offers a bullish divergence pattern + Friday gave conformation of pattern - Fibonacci Retracement put resistance level at $69.61 + suggest using support level before - TWTR looks to break trend line September 27 + look for a bounce off support level for entry +...