HOOD This HOOD will be snipped HOOD is currently in an existing downtrend. I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since. April ’22, price broke down from range signaling continuation of downtrend. Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance. MACD is...
FB bout to catch the whole set of books to the face. Confirmation of FB’s Distribution Stage made it say goodbye to its Uptrend and said hi to the Downtrend. After the 1st leg of the downtrend which saw price go from 308 to 193, price enter a consolidation period. During this time, price consolidated in form of a descending triangle. We see the lower highs into...
PKG Packaging its bags and going south. Since peaking in price in May 2021, PKG entered a parallel channel range between 129 – 155. April 2022, price broke out from range with what looked like to be the continuation of its uptrend. Unfortunately, the breakout was short lived, and price fell back into range. The breakout is deemed a “false breakout”. Price fell...
AMZN Jeff Bezos sold at the top and bought a yacht while The Jeff Bozos the clowns will buy the stock split thinking they’re getting a good deal. That last leg of AMZN Uptrend which respected 50ema, started April ’20 and topped out Sept.’20. It closed below the 50ema that Sept. and price entered a Sideways market AMZN moved sideways from Sept.’20 thru Jan.’22....
ORCL ORCL entered a Sideways range Sept.’21 after trend was broken. The sideways trend lasted until Jan’22 Jan.’22, price broke down from range. The sideways range was deemed a Distribution stage. A downtrend was to follow. On the breakdown, price made a low of 72 and we also saw a death cross between 50 and 200 ema. This further confirmed the bearish...
SBUX Starbucks will go down with its $4 cup of regular coffee. After its Uptrend topped out April’21, SBUX entered a sideways market. This sideways market took form of a Head & Shoulders pattern. Jan.’22, price broke down from this range. It confirmed the Head & Shoulder pattern as well as the Distribution stage. Price to enter a downtrend. During the...
CGC Daily chart analysis Smoked. Like to average down? Like to blindly buy after a price drop because it’s at a "good price and I'm in it long term” Like to #HODL ? This stock is a great example of “what’s low, can go lower” CGC peaked Sept.’18 when it reached almost 57.00 The uptrend ended, price fell, and went sideways. Feb.’21 we had a “dead cat...
FL Daily chart analysis FL has been in a downtrend for quite some time now. It has now pulled back to the downtrend line it has created. This area will be considered an area of value. We have stochastic reading just coming down from overbought We also have the MACD just crossing under its signal. Downtrend + Overbought stochastic + Pullback to area of value =...
GME Why hasn’t #Wallstreetbets save their fanboys? GME Weekly chart analysis Let’s compare 2021 vs 2022 Pretty clear and straight forward. 2021 Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65. Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55. These Lower highs into support area...
Sparked Ignoring the facts. TSLA Daily chart analysis I can tell you this chart is “bullish”. How could it not be! Gas is expensive, Electric cars are the future, and the government just approved EV credit! “I’ve made tons of money in the past with TSLA going long” Price is low! Buy buy buy! I can look at the chart and tell you to ignore the fact that for the...
TSLA Bag holders ZAPPED. You must feel bad for the dumb money that bought the tops of TSLA. This one has a lot of fan boys the same way AMC and GME does. Its hilarious the amount of hate I get from delusional fanboys when I post a “short” idea . If gas prices aren’t an indication, Tesla will be the future of all cars, but this is not the time to buy. TSLA...
The great Paul Tudor Jones once said, “Losers average losers”. In this trade, I will be ‘averaging down” a winning trade. Below you can find my original trade and analysis. Sad to see what happened to the bag holding fanboy “investors” who bought the AMZN stock split. They say its ok because they’ll be up in 10 years LOL. AMZN Daily Chart Analysis AMZN...
HOOD Daily chart analysis Nothing under the HOOD HOOD has been getting smashed for some time and I can’t imagine any bulls going long here. It is current in an obvious downtrend with the 50ema acting as the Dynamic Resistance. After hitting low of 6.85, price bounced to the 9.30s where it found resistance from the 50 ema At the 50ema Dynamic Resistance, price...
TTD TTD Broke down from a Distribution stage and looks to enter a downtrend. Price has currently been trading between 40.29 - 54.71 With price near resistance area, will look to take swing trade short. Entering swing trade short. Entry: 51.82 Stoploss: 57.94 Target: 40.37, 22.10%, 1.87 RR ratio
No More Games Its going to be a "short" summer for these bag holding fanboys. GME Daily chart Analysis Please see my previous post for analysis will be adding to my existing short trade Entering trade short Entry: 121.79 Stop loss: 155.20 Target:78
No fly zone. BA is currently in a downtrend with 50 ema acting as Dynamic Resistance Price has touched a low of 114 Price has pulled back found resistance at 141 and 50ema We currently have Stochastic coming off an Over-bought signal. Downtrend + Pullback to Resistance + Overbought Stochastic = Short trade It doesn’t get old. Entering trade short. Entry:...
COST – Daily chart analysis Better start loading up on those Kirkland products now. COST started the continuation of its Uptrend back in Jun.’21 On Jan.’22, Price reached all-time highs at 570 just to watch price tumble down to 463. By then, price also broke down from the trend supporting 50ema. That signaled the possible end of Uptrend and the entrance of a...
Rotten Apples Back in March 24th, 2022, I wrote a nice piece on AAPL During that time, AAPL had posted 8 consecutive green days and the bag holding fanboys were full of hope buying it up. In this writeup, I compared the AAPL’s 2008 chart vs 2022s. The similarities were incredible. Even what was going on in the world during that time. Since the time of the...