jakelikesstocks

jakelikesstocks

NASDAQ:TSLA Here is my working hypothesis for TSLA from only what the technicals are presenting. This stock has a very dedicated and ever-growing retail base that has more of a buy-and-hold view rather than trading typical price action. What's making the difference for me is that TESLA share holders are also buyers and believers in the company. They love their...

jakelikesstocks

NASDAQ:TSLA The stock looks like it's consolidating with no one willing to sell into the resistance. We could be on the up and up here targeting the upper new trend channel marked by the green trendlines. This is supported by a bullish LagRSI, if you know me you know I love the laguerre RSI.

jakelikesstocks

NYSE:AMC Update for AMC seems to have played out nicely. We are experiencing some bullish underlying momentum and may get a pop but this could also be a large fake out with more room to the downside seeming imminent. Look at the LagRSI to show the bullishness but in the current time frame we are still bearish.

jakelikesstocks

Hi TV Community! I just got settled into my new place and wanted to do a quick ta on pfizer. This stock has been experiencing large call option buying recently and the price action supports this bullish context. We are breaking above important areas with ease and my target resistance level would be the upper yellow trendline. As we continue to see devastating...

jakelikesstocks

AMEX:GLD This looks like it could be setting up for a longer term trend. There is a lot of space ahead of us while the longer term bulls won out on the last important retest. Bearing in mind this is on a 2 day chart.

jakelikesstocks Updated 

NYSE:AMC Bearish lag RSI and just pinned in this pattern tells me that weakness is becoming overly apparent. I would be extremely careful and trust the technicals. $44 upside high. Much more opportunity on the downside.

jakelikesstocks

NASDAQ:QQQ Yesterday I posted about the Q's showing weakness... While that is still the case, it is gaining strength. I would be watching this new wedge to see if we get more of a confirmation. Fed meeting did not scare tech which could allow further gains.

jakelikesstocks

NASDAQ:STAA I wanted to bring this up as a potential long term short opportunity. This stock has been breaking down and looks like like it might be losing even more structure as a retest of the bottom trendline is currently happening.

jakelikesstocks

NASDAQ:AAPL I'm watching AAPL to give the broader stock market more direction. The double at ATH followed by a sell signal could mean more pain to come. It's always easier to find the downside risk than the upside potential when a stock is at all time highs.

jakelikesstocks

NASDAQ:MSFT Long tails are giving me a bit of concern but overall we are still in bullish context. If we can't hold above the trend it may see a 5 - 10 decline.

jakelikesstocks

Here is a wedge pattern that typically breaks bullish. A lot of volume already!

jakelikesstocks

NASDAQ:QQQ The Q's are looking a little volatile here which may pick up as the summer ends. Today is Powell day so beware! I'm still bearish until we clear that candle.

jakelikesstocks

NASDAQ:QQQ Overall, there are a lot of bearish technicals in this market. The Q's put in a weaker bullish engulfing after bearish engulfing which is showing weaker bulls than bears at the moment. Bears could see a big opportunity here. It's still hard to bet against this market.

jakelikesstocks

Symbol: NASDAQ:TSLA Indicators Laguerre RSI Multi-Time Frame EMA x2 Thoughts: This is really showing weakness on every part of the chart. The view is in log scale which brings into perspective the downside risk. My fear is for the loyal TSLA shareholders. These would be the last to sell.

jakelikesstocks

Symbol: NASDAQ:AAPL Indicators Laguerre RSI Multi-Time Frame EMA x2 Thoughts: The technicals are holding up strong despite earnings coming out. The Laguerre RSI is starting to slope down which could be a sell signal. Watching this over the coming days to see how this indicator trends.

jakelikesstocks

AMEX:SPY This chart is analogous to a kid in a candy store where the store manager keeps slipping this kid bags of candy after school, the manager is a nice guy and oblivious to the situation, his intention is to make the kid happy so he will be on his merry way and wont bring up tapering in the next FED meeting.

jakelikesstocks Updated 

Symbol: AMEX:IWM Indicators Laguerre RSI Multi-Time Frame EMA x2 Thoughts: This chart looks very bearish but I'm hesitant to sound the alarm due to how many topping patterns we seem top gap above. The bullish case for the IWM would be the LagRSI crosses above this bearish zone with a close above the rounded top and confirm the violated trendline as support....

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jakelikesstocks

NYSE:SNAP Check out my detailed analysis on how I came up with the technicals you see here. If you like the video I can do more of these no problem. Thank you to all my supporters!