stylishtrotter

stylishtrotter Updated 

A double bottom is forming on the daily timeframe with a strong support of 207/208 which has not been broken since August 2020. With earnings coming up in 2 weeks, I expect this double bottom to bounce to the upside. Upside levels are 219 then 231.

stylishtrotter

If the market holds, looking for a move to 251 area which will begin the gap fill. Above 251 the next resistance is around 258 area. Failure at 237 levels can see 210 - 220 area however 237 is a very strong support which hasn’t been broken since 2020. Let’s see what happens.

stylishtrotter

Mara is currently trading at a very strong support on the daily and has room to the 28 area. Mara follows crypto so a short term run in Mara means names like BTC will also rally. High watch for me into the new week. Not investment advice just an idea

stylishtrotter

Current level (834) is a very critical support for Tesla. There is a high chance that it retests 870s area before rejecting for more downtrend due to the overall bearish nature of the chart. Ultimately, the trading plan is 834 - 870 - 834 - 780s. However if a retest does not occur, failure at current level (834) will expose 780s. This is not investment advise...

stylishtrotter

I especially like this chart for next week. It formed a double bottom on the 1hr which is a bullish reversal signal. The 215 support held pretty well which is a good sign. I expect a push to at least the 226/228 area. Then probably a rejection at that point but that’s long term I am only interested in the reversal opportunity this is presenting. Invalidated if...

stylishtrotter

Looking for a break of support and a sell off to 268 area. Breaking the 268 area could send it to 257. The current chart looks bearish so I expect any pop to be shorted. Invalidated if NVDA reclaims 284.

stylishtrotter

With the RSI of a little over 70 entering the overbought zone and rejecting resistance from November at ~223, it will be interesting to see how CAT plays out. The rejection also forms a double top pattern which is a bearish sign. A short position is valid considering the points above. Due to current market rotation, the industrial sector is hot and I believe...

stylishtrotter

NIO rejected resistance at 33 area and closed right under it. From what I see, I think we retest 30.80 support area before a potential bounce. If it however fails at 30.80 area of support then today’s action was simply a pop on news or like most traders like to call it a pump and dump. This is my first idea so please let me know your thoughts