BTCUSD Daily chart analysis The original analysis was spot on BTC had been moving sideways between 31k-60k from Jan.’21 thru Apr.’22 It finally broke down May’22 and the sideways price action was classified as a Distribution stage. This now means BTC is at the start of a downtrend. Since the breakdown from Distribution stage, price pulled back in form of...
TTWO Daily chart review. Taking a take two This one is straight forward. TTWO is currently in a downtrend. It’s been bouncing between 133 resistance and 121 support. Price broke down from 121 support and has now pulled back. This is my opportunity to enter trade short Entering trade short Entry: 118.67 Stop loss: 125.49 Target: 103.14
AAPL Daily chart analysis Sept.’20 – Jun.’21 price was in an ascending triangle with Resistance at 138 area Jun.’21 price breaks out from triangle, pulled back, and turned resistance of 138 into support and continued the previous uptrend. On Dec.’21 Price reaches all-time high at around 182. Since making all-time high of 182, price has failed to make higher...
CSGP Daily chart analysis It’s crazy to see how overvalued some stocks are, even the good companies. CSGP was one of the companies born in the last market crash back in 2000-2010. CSGP went into its uptrend mid 2010/start of 2011 at around 5.00 It continued its uptrend until it topped out at 21.50 in 2014. Between 2014 thru 2017, price entered a sideways...
NFLX NFLX went down like Joe exotic. Covid took NFLX from 380 to 700. This uptrend lasted about 582 days. It only took 67 days for the market to take away all the covid gains! The bag holder had no time to react. NFLX has now given back all the covid gains and then some. Price continued its downslide under the 50 ema all the way until it found support at...
BABA Daily Chart Analysis This one is not looking good for buyers. End of October 2020 saw BABA reach all-time high around 319. This was the last time price saw this high. By Mid November 2020, price dropped and fell below the 50ema. This was very important because the 50ema was acting as Dynamic Support throughout the entire previous uptrend. This signaled...
SBUX Skip the $6 latte After the formation of Head and Shoulders pattern between Apr.’21-Dec.’21, price broke down and entered downtrend in Jan.’22 Price continued its downslide from 109.00 to 71.00 where it found support. Price pulled back in form of a channel to about 90.00 where it’s now rejecting the 200ema. We also have a bearish MACD divergence with the...
SNAP Daily chart Analysis Snapped! Last year Sept.’21, SNAP topped at 83.00 Fast forward to Sept.’22, price is sitting at 10.19! -87.72% drop. All the Covid gains lost and then some. SNAP is currently in a downtrend under both the 200 and 50 EMAs So far when its consolidated, its respected the 50ema. Once price was done consolidating and breaks out to...
I don’t like to buy or influence buying these garbage “Pump & Dump” stock. That being said, this one looks a bit fun so I decided to post some analysis on a trade. For more on how I feel on these types of stocks, read my post below IMRA Daily chart analysis This stock was dumped to hell from 62 down to 1. After reaching low of around 1, price began...
FCEL Running out of energy FCEL Daily chart analysis. This one has been in a downtrend for quite some time. Price reached low of 3.00 Price bounced but ran into Resistance at 4.35 and the 50ema is also acting as Dynamic Resistance. Price has currently pulled back to both the Resistance levels mentioned above. At the pullback, we have a Bearish price rejection...
Nothing but net for the Bears. Swoosh. Please see my original analysis. NKE Daily Chart analysis Since seeing the Death cross signal appear on the Daily chart, NKE has systematically been broken down by the Bears. Price broke down from a Distribution stage. The Bears followed by break thru two Support areas and turning them into Resistance: 139.10 &...
TWTR This one smells Musky. TWTR in an obvious downtrend here. Price has been unable to make a higher high for quite sometime dating back to Feb.’21 when it reached its highs. A series of lower lows has now formed a down trendline. Support has formed at 32.55 Price is currently has pulled back to the down trendline which would also be an area of value. This...
NKE Tighten up those laces. NKE making a run downhill 1) NKE’s uptrend came to a holt when it approached high of 175. Price attempted to make a second run at 175 failed. Price has now created a Double top pattern and resistance at 175 area. 2) Price has fallen to support area at 139. It attempts to bounce but can only move-up to 147. Price has started to...
AMD Daily chart analysis AMD has been pretty good to me shorting this year. Pretty clean straight forward chart. In two trades so far, +46.22% and +2.81 RR ratio in cumulative gains. See link below for past AMD trades. AMD is now giving us another signal to enter trade short. A very powerful move to the downside is brewing. We had confirmed Head and...
LEN Daily chart analysis LEN is currently in a downtrend under the 200 ema After reaching low of 64.00, pulled back and broke above resistance level at 81.00 The breakout is deemed a failed breakout after price falls back below 81.00 Price has the followed by making a series of lower lows creating a downtrend line Price is currently at resistance from down...
HOOD Since going public in Aug 2021, HOOD found itself moving sideways and making lower highs into support area at $40 area until Oct.’21. Price went on to break down from this descending triangle and enter a strong downtrend respecting the 20ema. Price fell from $40 to $10 where it found support. Between late Jan.’22 thru present date, price has been making...
TWTR hasn’t been the same since Trump left office TWTR had a good 2020. Started its uptrend July 2020 watching price go up from 32 and topping out at 80 Feb.’21. Price came crashing down, bounced off 200 ema and found resistance at 72. Price continued to move sideways until it lost support of 200 ema on Oct.27, 2021. Shortly after we had a death cross of 200...
ATVI Call of Duty? A Put more like it. ATVI saw price continue its Uptrend on Sept. ’19 when it broke above 50.00. Price moved to all-time highs of 104.17 by Feb.’21. On July ’21, a Distribution stage was confirmed when price broke down from sideways range of 87.75 - 98. Shortly after the breakdown, we had a death cross between the 50 and 200 ema signaling the...