fchawla

fchawla P

Silver has been retracing to 0.786 fib level and selling off to 0.382 fib level. This has been roughly a 10% drop in price. This has happened on the red circles (indicating short) with take profits shown at green circles (@0.382 fib level). The current cycle we are in has us up at 0.786 fib level again. The take profit is shown at 0.382 fib which is a 15%...

fchawla P

Bar charts shown instead of candle to more clearly show opens and closes. WEEKLY bars shown to show macro picture. Relevant ranges are shown. The white horizontals mark the top and bottom of the ranges from wick to wick with blue horizontals marking the relevant ranges using closes rather than wicks (with blue horizontals drawn after full range developed. ...

fchawla P

Shown are the large movements (arrows) with color coded corresponding Fib levels. The yellow shaded boxes show the declines from peaks showing a time frame and % drop. The green circles on bottom RSI correspond to above valleys on price chart above. Looks like RSI currently at a low enough levels that reversal should come fairly soon. Likely will fall to...

fchawla P

Near ATH with resistance level above. In top of channel with not much room above. RSI overbought. Although all the banks made a killing during the pandemic, i'd stay clear of this one for earnings as the upside seems limited and with some resistance above. If earnings are bad this will likely plummet.

fchawla P

A little hard to see on picture but, a large fib plotted on left and smaller fib plotted on right side. The THICK solid orange horizontal lines are support and resistance levels. There is also a THIN orange line which is a weak support/resistance level. Note the 0.5 and 0.382 fib levels on left (large) fib coincide with solid orange horizontal lines...

fchawla P

Sorry the chart image isn't really readable, but this is an analysis of BITCOIN and HASH RIBBONS indicator. Hash ribbons concept in brief: Hash rate determines amount of BTC mined. The higher the hash rate, the more mined. The greater the difficulty of BTC mining, the less BTC mined. With market efficiency theory, miners will mine when profitable and mine...

fchawla P

longtime down channel and broke out. 1st fib extension showed target of ~ $10 --> taken out. new fib with retracement to green line and expected target of green line. ~ $17. Some fuel from Seeking Alpha article. Some from earnings. on its way down now (lower highs and lower lows), but if it bounces off of $6.81 and heads back up (higher highs and...

fchawla P Updated 

Notice the pattern. Down-wedges followed by a pop. The angles of the wedges are all very similar. The pops are also similar with 2 pops to around $50 and last pop to $78 (due to covid) . Various time/$ measurements are shown including: 1. Top ones (light blue): the range of the pops. 2. Bottom ones (blue and pink): The range of pop-end to beginning of next...

fchawla P Updated 

SEDG had massive selloff today and down 20%. The monthly, weekly, and daily all show SEDG in an up channel. The sell off puts SEDG at the bottom of the up channel. If it holds support, this should be a great long. Fib extension shown BUT only applies if this is the true U-turn. If so and holds support right here at the bottom of the channel the fib extension...

fchawla P

1. MONTHLY: BUY ZONE. Support at $$40. Next level is $44 and after that would be $46, then $54. Therefore, BUY ZONE possibly big move to upside. 2. DAILY: BUY ZONE with next resistance b/w $44-$46. Trade idea 9/18/20: SHORT, UNHEDGED ATM STRADDLE: Will sell 1 call and 1 put ATM. Historically, for purchased thursday and sold next day (friday), this...

fchawla P

1. MONTHLY: BUY ZONE; Fibonacci shows barely broke above 0.382 level ($730) and next stop is $970. Could see some resistance at $730 level. THEREFORE, BULLISH in BUY ZONE with possible pullback to $688 at current fib level OR push past to $970. 2. DAILY: BUY ZONE; At a counter-trend line so great time to enter. Support at $688 and should reach $731. ...

fchawla P

ORCL and TikTok deal possibility makes this a bit interesting. Bullish trend with channel shown with strong support and resistance levels noted with arrows. Heavy green/red arrows show U-turns at the channel. Smaller red/green arrows show early U-turns. Fib extension shows chart has already broken the $53.85 extension resistance level with next resistance at...

fchawla P

Strong bullish run. Fib extension shows resistance/support levels. Right at $281 resistance level. if breaks through, this will likely see a bull run up to $350!

fchawla P

Nice support at 181, next support at 161. keeps bumping off (down) of the "golden zone" around 225. reasonable entry point right now and look to sell if stuck at 210. if goes past 210, look to sell at 225 if it gets stuck. if it goes past 225, look for major bullish run (up, up, up).

fchawla P

Everyone already talking about how this sucker is going to pop. Got in on 8/17 @ $24.83 and kicking myself for not selling at $33! Did this analysis do give myself some peace of mind! Analysis: 1. Nice parallel channel only broken through once on LONG side and once on SHORT side. - Can safely enter/exit trades at bottom/top of channel respectively. Note 2...

fchawla P

Pink line showing trend line showing up trend on daily chart. Counter trend lines shown with blue arrows. Green arrows show U-turns and good entry points (ie. Buy when daily candlestick closes higher than the countertrend line). Note after green arrows there are 4 - 8 up days before a new countertrend line. black thick arrows show range of possibilities for...

fchawla P

TSLA rocketed up reaching a high of $502 on 9/1/20 giving Tesla a market cap of roughly $470B. Pullback in part due to general market cooling off and also due to TSLA being left out of the S&P500. Notice the trend line up - red line. Notice the counter trend lines - red lines. Notice the support/resistance levels - blue lines. There is strong resistance at...

fchawla P

TSLA rocketed up reaching a high of $502 on 9/1/20 giving Tesla a market cap of roughly $470B. Pullback in part due to general market cooling off and also due to TSLA being left out of the S&P500. Notice the trend line up - red line. Notice the counter trend lines - red lines. Notice the support/resistance levels - blue lines. There is strong resistance at...