WWE trends well with moving averages.
Despite a decent earnings report that beat estimates and Morgan Stanley calling for a $65 price target the stock has not responded - a bearish signal.
Based on the technical the moving average crossed lower signaling a down trend and I forecast a move down to the 200 MA
From the current level of $54.20 and a target...
Another simple setup
1) moving average crossed over to signal a buy a couple of days ago
2) bullish sentiment from analysts will probably propel stock to test previous high of $145 - approx. an 11% move from current levels
I'm going long tomorrow
This is a simple setup- it feels like a 50% retracement from the recent high
1) the trend line was crossed
2) the moving average crossed below and has stayed there for a few days
Targeting a move to S1 ($27) - approx. a 15% move from today's close ($31)
I like VLDR at this level
Catalyst - this is a play on autonomous vehicle technology and money will come back in at some point.
Technical perspective - it has hit this level three times (triple bottom) & I'm expecting a bounce back to the 200 day moving average or pivot point approx. $18 (a 40%+ move from these levels)
Might need a little patience on this...
As the economy begins to reopen more people will be driving, summer is approaching and crude is rising - bullish catalysts.
EMA crossed over signaling a buy - I am targeting top of the channel at $24.50 (approx. 6.5% move rather quickly)
This is simple play - moving average crossed over for a buy signal and trading in a channel. Targeting an exit at the top of the channel $6.40. This stock should profit from the extra scrutiny on police units.
3 for 4
Since I started posting again I have had a successful January:
three winners: NKLA, WMT, called GME (but did not trade it out of respect...
I am certainly not the first to say this, but this type of run-up typically does not end well. It has a similar setup to KODK back in 2020.
This type of trade needs volume to continue to push the price up. If volume continues to fall , I will start a short position (1/2 of what I usually do) targeting a drop to $100.
On Jan. 13, 2021 I issued a possible short trade with a 10% down side target - I then cancelled it on the earnings report to let the dust settle. It is clear to me now that the thesis is still intact this stock has had most of the benefit of the pandemic (it may have one quarter left) but the stock is not responding.
I am initiating a short trade with a $500...
This trade is purely technical for me.
1) WMT seems to have entered a topping phase (hitting a 52 week high Nov-Dec 2020)
2) It broke a trend line (bearish)
3) Moving average crossed below (bearish)
I do not see a lot of momentum to the downside so I am - targeting $140 (a quick 3.5% move)
I have been doing this for nearly 25 years and I try to keep it simple. I look for two things:
1) a catalyst that can send the stock higher or lower and
2) a high potential technical signal
NKLA is in the EV space and right now there is a ton of money flowing into this space. They also have a watered-down deal with GM who has just announced they are...
I have been keeping my eye on this one for a while and it is clearly in a sideways channel. The pandemic was a boom for the stay-at-home economy - this was the growth catalyst a streaming provider was waiting for (stay at home and binge). IMHO Netflix has profited as much as it could from the situation and with the vaccine I think the stock will sink from...
AMZN looks like it is getting ready to pull back.
- 1st signal RSI went oversold Apr 16
- 2nd signal MACD signal a down turn of the 28th of April
- No sell signal yet, if the trend continues I suspect the sell signal to come at approx. 2,280 - with a target of 2080 an 8% move - we will see!
Keep an eye on this one.
I use a three signal alert system
1) Mar 12 RSI goes oversold (no surprise there)
2) Mar 25 MACD flashes a buy
3) Arp 29 EMA cross-over -confirming trend - $24 price target
I would be careful this week as earnings will be released, also looks like S&P is heading lower this week.
1st buy signal triggered by RSI on Dec. 11, 2019. You could take a 10% position (of what your ready to invest). Just to be clear this is 1st signal and it is weak - that is why I suggest putting only 10% (ex if you want to invest $10,000 - start your position with $1000) www.tradingview.com
First buy signal came when the RSI went oversold in early November (if aggressive take an initial position of 10% of what you are willing to invest)
Second buy signal came mid November when MACD had a buy signal (if aggressive take a second position 25% what you are willing to invest)
Third buy signal came last week when moving averages signalled a buy -...