dogchasingcogChasingCars

dogchasingcogChasingCars

Hasty update: I'm selling 50% of my SPX short, and replacing it with an equal amount of NDX short, to better hedge my portfolio which is very high in tech stocks. I'm getting warnings from pretty much everywhere that tech stocks may undergo a period of underperformance relative to other sectors, and we are approaching the critical months of August\September which...

dogchasingcogChasingCars

PRX has been in a strong uptrend ever since it broke out of BLUE falling channel (note the perfect backtest of this breakout with the doji on May 4th). Now it's broken out of BLACK bullish ascending triangle, which has a conservative target of 93.40. Recent weakness looks like a backtest of triple support (the ascending triangle's flat and rising trendlines, and...

dogchasingcogChasingCars

Kirkland Lake is bouncing of triple support: horizontal support\resistance at 44 (where it topped in April, very important backtest!); falling resistance drawn from all-time highs, and the shortest MA that I personally use (the 9 day exponential). It has also closed the upside gap from last week (see the daily candlestick chart), so that's out of the way now. KL...

dogchasingcogChasingCars

Atreca has come down to rising channel support. There's also the 100 ema involved, which has many times acted as watershed support\resistance (YELLOW arrows). If this channel and moving average hold, BCEL could quickly go back to all-time highs for a 44% gain. If channel breaks to the downside, March lows are 40% away. I would absolutely wait for solid...

dogchasingcogChasingCars

Over the last month, GOSS has managed to break out of the big RED falling channel, and in the last sessions, it looks like it may also be breaking out of the big BLACK symmetrical triangle. This morning it has traded as high as 9% above yesterday's close, and while the day is still long, these are exciting signs of life indeed. If it can gather some momentum, it...

dogchasingcogChasingCars Updated 

DTIL has been gaining of late inside of the small BLUE rising channel. As unassuming as it may look, this 3 month uptrend has already broken through a couple nasty resistance lines: the upper boundary of the RED falling channel, and the horizontal resistance of the BLACK rising triangle. If DTIL can trade above the 200 dma (4% above current price), then it could...

dogchasingcogChasingCars Updated 

In the upper chart you can see QRVO's four and a half years uptrend, which was put to the test during the corona panic and held perfectly. Since then, QRVO has managed to create a secondary rising channel, which was tested several times during the recent consolidation (blue arrows in the lower chart). If this smaller channel holds, it will lead price above...

dogchasingcogChasingCars

Big question, and we are about to know the answer... YEXT is currently at big BLUE falling channel's resistance, which cautions AGAINST taking long exposure. It looks to be breaking out of the BLACK ascending triangle, whose most conservative target points slightly above 20 (which is a horizontal resistance zone). From today's price to 20 bucks is just a 10% move,...

dogchasingcogChasingCars

In the lower chart, you can see PFPT's seven year uptrend, still intact. In the upper chart, we look at how the consolidation of the last 27 months could be coming to an end thanks to a symmetrical triangle breakout. Measured target is 150, and if we create a channel thanks to the many contact points, we see that 150 could be hit in as little as 10 weeks....

dogchasingcogChasingCars Updated 

CRM is in a long-term uptrend; most recently it has formed a multi-month rising channel within a much bigger, 16 year old one. BLUE ascending triangle breakout targets 240; on July 24, the upper resistance lines of both these rising channels intersect slightly above that price point. Even if CRM doesn't get there by that day, I'm very confident it will reach the...

dogchasingcogChasingCars

Falling resistance and rising channel support in DARK BLUE created a symmetrical triangle after the Feb 12 all-time high. Stiff resistance was finally broken on a daily and weekly basis, after a multi-month consolidation, clearly showing that bulls are in control. All-time highs will be tested soon; if this powerful and now re-energized uptrend contiunes, then the...

dogchasingcogChasingCars

Big inverse H&S is near breakout. Conservative investors may want to wait until a weekly close above the 8.88 neckline to jump in. I'm personally taking the break above falling resistance drawn from all-time highs as proof enough that AKTS is done correcting\consolidating. I may be early; DO NOT follow me blindly if your risk profile is different than mine. Note...

dogchasingcogChasingCars

Bullish breakout out of a 51 month scoop pattern makes a return to old highs a done deal. 150 is exactly the target of the massive bullish scoop pattern (based on daily closes), whose breakout-and-backtest are in the books. Price is currently locked inside a very steep rising channel, which will yield 150 as soon as July 27 (earnings reporting day......

dogchasingcogChasingCars

The last 21 months have seen a wide volatile consolidation within 19 year rising channel. Ultimately, upside breakout is only a matter of time. The fundamentals for this company are just great. Let's be conservative and assume that the resistance drawn from 2000 highs (black trendline) will prevent prices from EVER reach rising channel resistance again. Even so,...

dogchasingcogChasingCars

Over the last 21 months, ILMN reached the 367 - 378 resistence zone twice. Each time it marked an all-time-high, and each time prices fell apart immediately and quite dramatically (big red arrows). In the very last weeks, it has reached this hot price zone again, only this time prices fell for just two weeks, then bulls stept up mightily to defend crucial support...

dogchasingcogChasingCars

First off, if you're shorting NVDA here and now, I really hope you're right and manage to nail a nice correction. I'm desperate to increase my exposure at lower prices; missed many good entries, while becoming more and more convinced of my intermediate and long term targets. Before elaborating on those, I will say that the hourly 3-month chart of NVDA looks a lot...

dogchasingcogChasingCars Updated 

3 months hourly chart, THE most important to me when AMZN is trending flat to higher. You can see how the simplest figures work wonders when the overall trend is strongly to the upside. Inverted H&S breakout on April 6, theoretical target at 2300 was amply surpassed; since then, THREE consecutive ascending triangles, each got its backtest-and-bounce except the...

dogchasingcogChasingCars

First 5 years were quite disappointing for XBI, as it was locked in a big "penalty box" from the spring of '06 to the spring of 2011... BUT is was slowly building a BIG ascending triangle, fraught with false breakouts (blue arrow), and FINALLY, a break-and-retest of the all time highs (green arrow). From this ATH (upper boundary of the box), to the blow-off top in...