collintwols

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AAPL might find support at $143 from the 1.168 fib. It's their fault; they didn't put USB-C in their iPhone again!!!

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$JBLU sandwiched between two fib confluence zones at $15.65 and $14. Watch oscillators to know what will happen at the more significant fib overlaps. Looking bearish now if it runs into $14. More to follow.

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As I'm reading Fibonacci Analysis by Constance Brown, I'm practicing using fibs as she did during her successful career. As I was messing around, I realized that ADA was hitting perfectly on two fibs that I was able to draw. I'm not yet to the part that allows me to predict where it's heading, but just wanted to share this! I found two confluence zones where...

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$LCID formed a Three Buddha Top (aka Head and Shoulders) which means if it doesn't find support at $22, then it will fall to test support at the bigger $21 support line. Hopefully that would provide a good bounce, but I'll be watching carefully in case it starts heading down to $18. Might be a good time to look at some Puts and targets in mind! Usually you want...

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$WATT created a double bottom and is rebounding. Next targets: $3.00 and $3.60. I'm just in a LEAP for WATT so not too worried about the little dips as long as it stays healthy!

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$VET looks to have created a double top. The last candle was a belt-hold engulfing candle (two reversal indicators) and today was followed by a downward gap (that turns into resistance). I just opened a Put to take advantage of the decline to either verify the support with the gap left on 1Jun for a 5% gain (more with options) or if it closes that gap and...

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SPCE looks like it broke out of its descending wedge by a $2.50 gap. I will wait for confirmation (at least three candles above the close of the gap or for it to come back down to $17 then bounce back up) before I enter. It was a high volume breakout day but would've been a stronger buy signal if it was a green day.

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WATT just formed a beautiful Morning Star candlestick pattern which may have identified $2.25 as a new bottom. Morning Stars are usually good reversal points, and as long as it doesn't close below $2.25 then it will remain as the new bottom. The Oscillators aren't that tempting to enter into a new trade, but if WATT can break $3.00 then I would be happy to enter....

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$FSR completed a Piercing Pattern on 11May and appears to have identified a new bottom. The next seven days after that pattern, no candles have closed below the piercing pattern's opening low, so it appears to be a solid bottom. It ran into resistance at $12 and appears that it will close there today as well. If the next couple days confirm that as a support, it...

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MATIC just broke out of the symmetrical triangle and already dipped down to confirm support on the previous resistance line. It also already build up two minor resistance areas; the most important one was hitting resistance at the $1 line. I bet that resistance level is mostly due to people more than anything else. If you zoom out and look at the trend-based...

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NNDM is about to test support for the fourth time with weak/disbanding indicators. Get ready for a big drop to $5 if it breaks through.

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As I'm learning more indicators and how they can alert you to not buy at the high, I wanted to share this chart. Notice after the first peak at .39 (ignoring the previous wick), the next peak (it's reattempt at the last high because people missed out and wanted to get in in case it kept going up) that, although the price reached .42 creating a double top, the...

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FLR MACD just crossed the signal line and could be setting up to be exiting a nice triangle. Watch for it to shoot out of the triangle, come back to test support, and then it should go up to the next resistance level at $33 or get stopped by the fib at $27. 15-43% gain in the short term, more as long as it stays above the trend line!

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Here's a great example on how you can use a moving average to watch for trend reversals and to trigger trades in case you don't like drawing a lot of lines on your chart. In this example, when the 50 Moving Average (MA) crossed the 200MA in May 2019, it signaled a bearish reversal (known as a bearish cross). Later, in November 2020, it crossed again signaling a...

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As I get further in my trading course, I'm going back and identifying where I did good and what I messed up. Here's one lesson: get out when you have a confirmed trend reversal! I kept hoping it would be a short one, but you know what assuming does... As soon as the trend line turned into resistance, that's a confirmed reversal and where I should have sold my call...

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AA forming a rising wedge which is usually bearish. I set an alert to let me know if it breaks down out of the rising wedge. If it breaks down, it'll first "hook" down and up quickly to confirm resistance and try to rise again. If it fails, it will "go" quickly downward to the next support level at ~25$ for a 33% gain on a short, more for a put option. Once it...

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Looks like AMD broke out of a rising triangle. I would expect it to return to test support where it broke out then shoot for $82-88. Congrats if you grabbed that 5-10%!

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RYAM has support on a trend line and the 20MA, hopefully it continues upward! If it breaks downward, it might hurt until it can find support maybe around the $6-$8 range.