If the price breaks below the red trendline then there is a high probability price hitting the fib lvl 0.618. 0.618 because it also needs to fill the gap. If we look at the bigger timeframe the chart still looks bullish( but very extended). Might have one last leg up. We will see. Its been acting funny for a while so its about time. Let me know what you guys...
One of my favourite stock lately, sky rocketing like crazy even when the whole market was going haywire energy sector had been going strong. So, buy from the (POI) and TP is fib. lvl 0.272 for now. Volume's picking up too. Trade Safe.
This is simply overvalued, it needs to come down to $27-ish. I might sound crazy but thats what the chart telling me. If the market decides to correct then, you know where to buy. Dont expect it to happen overnight but it will get there. Trade Safe. P.S. Let me know what you think.
This is what i see at the moment, price needs to come down to my (POI) zone for me to OPEN a position, if it brekas below the stoploss i'm out. Other than that chart is self-explanatory. P.S. Market is very volatile at the moment so my analysis might not work, eitherway do your own DD before investing. Trade Safe.
Time to look out. $VIX is below $20 but it still has a bit of a room left to move down. I would really watch out once it reaches our (POI) zone. While it goes down to $17-ish zone i expect $SPY to reach $400. Then a possible reversal??? You let me now. I would love to get your views on recent market conditions. Trade Safe
Looks like this week my whole chart analysis will be bearish. Anyways the chart's not looking too good for a bullish moves, one it hit our (POI) or the resistnace zone i expect to see a strong bearish movement. Those small circles have been hitting that support too many times it might break if we see a bearish movement one more time, if it breaks we could see it...
Let the chart speak for you. Do you see the way i see? Let me know if you think its bullish or bearish. To me, i see it going down for now. Get some ground and bounce back up. I would appretiate your input. Trade Safe. P.S. Its pure technical i have no clue about the fundamentals.
Everything in the market looking bullish but for some reason $AAPL dont look good for me to go bullish. Just my opinion but trying to stay in a safe spot. NOt really loving the price actions lately (overall market). Let me know what you guys think. Would appretiate your comments. Trade Safe.
watch out for those two circles, might fall back from those circles with those strong bearish move i dont ecpect it to reach ATH anytime soon. Unless we get a Stimulus news but even that could have already been accounted for on the price. We'll see. Blood on the street. Trade Safe guys. P.S. keep your cash aside to buy the dips when the time is right. Avoid...