About meTechnical Trader for the most part.
I personally break down hundreds of charts a day.
I enjoy sharing my opinions on tickers and hearing others as well. If you have any in mind just message me.
In this video I will break down my process in identifying supply and demand zones through technical analysis.
Being able to identify these key areas allows for the trader to recognize potential levels of resistance and/or support.
I also go over a few other technical analysis approaches I use when looking to identify similar key levels on a chart. From my...
GNRC isn't one to give great indication on when to enter, the good long term runners rarely do.
Looking a little bit forward, GNRC flashing a potential accumulation set-up for another mark-up.
My trade idea here is a break down into lower checks of support labeled on the chart between $308-$314 and $325-$330.
-Accumulating an average of around $318-$320 would...
If WISH misses with earnings this upcoming week, technicals and projected fundamentals support a break below valuation in the lower $11 range. With a test of $9.35 for the next earnings bottom range.
It is likely to find support in this range and move back into test range of $11.05 and $12.18 into the following earnings.
If WISH continues to beat expectations...
DOGE has hit a nice consolidation from the prior move up to $0.69.
The next expected move would be a gap up to test previous demand, then a hold of support from the upper trendline, followed by a confirmation of demand to set a new all time high with a price target between $0.74 and $0.75.
TSLA is testing its current technical levels for an Elliot Wave trend progression.
If the 2nd wave does not hold at the indicated .38 retracement level, this analysis should be re-evaluated at a test of the gap down range of support ($635 to $643) for further indication.
TSLA has the ability to test up to $718-$720 within the next week.
If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30
Topside supply of this move comes in the ranges between $760 and $780.
A break of this upper supply range gives TSLA the ability...
LL broke out of the ascending triangle it has been forming. It has slightly broken out before the technically required 2/3rd's completion of the triangle, so a test of support above the trend still is needed.
The next true supply range starts at $30.60 with resistance to testing those levels at the demand range of $28.40.
DT is testing resistance along the upper trend range. We have some ranges to settle before testing the overhead supply in the trendline above.
A break of the current buy zone range will likely find resistance at the mid-range supply created around $52. A confirmation of a check back to the buy zone indicated on the chart would give a nice entry for a move to test...
WMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range.
First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21
When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady...
In looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that...
According to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected.
Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday.
Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a...