myfye13

myfye13

Budlight coming back? Maybe. Inverse H&S pattern has formed and they recently broke out from a trendline dating back to 2017!

myfye13

Love this company and it's position. I'm a long-term holder. However, It looks like there is a short-term buy opportunity here. My target here is roughly 6.65 with a stop around 4.70

myfye13

CHPT broke a trendline in July of this year that started in January 2021, after a large push up the stock has regressed back to the trendline and bounced off nicely. With earnings for CHPT only 8 days away, depending on the results I believe this could be the start of a huge rise in the stock. AGAIN, be weary of buying anything before or after earnings. ...

myfye13

Long on SPCE after recent trendline break and significant selling.

myfye13

Felt this pattern for Checkpoint warranted publishing, as rarely do you see a stock repeat such a symmetrical pattern. All trend lines are the same and the bars between highs and lows are nearly identical. If the pattern continues, CHPT will move lower to around the $6.50-$7.00 range before turning up. I would guess there is a good chance the move up could...

myfye13

Sprout has made a nice run of late. Warranted? Maybe maybe not but that's what we deal with these days. SPT broke out recently from a wedge and has retraced back to the trendline. Only reason I would be long is this ridiculous market. Short may be an option too. I think the safest way to make money on this is a long strangle

myfye13

Chart explains it all.... I would watch a bounce off of the resistance trend lines before continuing lower

myfye13

This could be the moves bears were looking for. I would expect if the wedge is broken a strong move down. However, if we get some positive news tomorrow this could be a bulls dream as many bears will see the same wedge break and will be squeezed out. If I were to guess, the DOW is headed for sub 19000

myfye13

In my opinion, this formation looks too good to be true, which usually means take the opposite trade. But I wouldn't do anything until a breakout either way is confirmed. A strong breakout from the 22500 level would also have the black trendline overcome, but if it does I would think the next likely stopping point would be closing the gap at 23,500, and then the...

myfye13 Updated 

If NASDAQ:LULU breaks the black trend line above, next support would be at $207 and $189 for you shorts out there

myfye13

H&S formation that began forming in 2013 - 1st major support at roughly $33 - with coronavirus getting everyone and their mom out of public places/travel, this decline may happen rather quickly relative to how long it took for the H&S to form - i would definitely hedge this trade with an out of the money call option that are pretty cheap right now after the recent decline

myfye13 Updated 

AMZN going down to roughly $1880

myfye13 Updated 

1st test: $275 - resistance must hold here 2nd test: A break below $262, finishing the right shoulder, would confirm the H&S pattern. No support until $230 I'm bullish on Etherum long-term. That said, I'll be waiting for the break below $262 to make any move.

myfye13

RSI divergence is telling us there may be a retracement coming in the near future, so be careful adding a new bullish position. I'm long-term bullish on NASDAQ:ACLS , but a short-term short play might be wise. Strongest support is currently at $22.75, $22.00, and $20.50.

myfye13

Head and shoulders formation confirmed on good volume. At least a 50% gap fill will occur.

myfye13 Updated 

BYND gap needs to be filled. Stock has formed a H&S. The current uptick looks to be a dead cat bounce. Gap fill at $110

myfye13

I am bullish long-term gold but I believe a correction is forthcoming.

myfye13 Updated 

See above. RSI divergence