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The bottom may be in for Virgin Galactic (SPCE). As you can see, SPCE has bounced from this trend line 5 other times in the past. There was one instance where it broke beneath this line with force but the catalyst was based on false news (rumor that flights were grounded until 2022). For investors and traders alike, this may be a great entry. There is still a...

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This chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations. It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price...

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SPCE has respected the 200 day moving average in the past very well and we're very near that mark today. SPCE did hit the 200 day moving average a couple days ago but that was in pre-market hours. In this chart are the gains and draw downs from the 200 day moving average. Long terms investors may be looking to acquire shares at this level while shorts may be...

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VACQ is currently at ascending trend line support within a broadening wedge pattern. If you're a believer in this company this may be a great area to add shares.

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Much like Tilray, Cron is currently at a key supporting trend line as well (red dotted line). Stop loss would be below $6.85 Please see my Tilray idea below for a similar setup.

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Tilray is currently at a key supporting ascending trend line (red dotted line) which can be seen best on the daily chart. The only decent spot for a stop loss would be around the prior pivot which is around $13.20.

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This is a daily chart of SPCE. As you can see, SPCE is currently within an uptrend which is best defined by a large channel. The most ideal entry would be around $23-$25 as this would be the bottom of the channel, but that doesn't mean the price will drop that low. As we've seen in the past, buyers have stepped in at the 30 Week Moving Average which is the green...

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QQQ is currently forming an inverted head and shoulders which gives QQQ a target of around $352 IF it breaks out above the neckline which is located at $325. This pattern looks very textbook so far, but it's important not to assume the neckline will break to the upside. The best entry would be on the retest of the neckline break with an entry of around $325.

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ACB has a well defined ascending trend line supporting the price which the price just bounced off of. The upper trend line is not as well defined, but I copy and pasted the bottom trend line in the assumption that ACB is in somewhat of a parallel channel with some fake-outs above. Regardless of the channel, there is resistance around ~$18 that the price has fallen...

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Green areas mark the points used to draw the support area. Orange ascending trend line would be the 2nd point of entry which isn't too far from the horizontal support level.

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Bitcoin has a key level at $38,000 that everyone should be watching. If price happens to go this low, this might be a great entry. Week of Jan 4 - BTC closed at 38,0000 Week of Jan 11 - BTC opened at 38,000 Week of Jan 18 - BTC high was near 38,000 Week of Jan 25 - BTC high was near 38,000 Week of Feb 8 - BTC low was 38,000

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Instead of marking up charts with tons of conflicting information, I try to stick with what matters - support and resistance. 95% of trading is about support and resistance based on my experience, indicators might give you a slight edge but more often than not they'll keep you out of a good trades as a majority of indicators are lagging price. Here are the key...

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Here are some key areas for NASDAQ QQQ that many traders are likely watching. I try to stick to only drawing lines that appear to be "obvious" to every technical analysis trader. The more obvious they are, the more eyes are on them. ~$304 would be a great entry as we've seen this level used as support and resistance, both with with strong responses. If that...

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On it's near parabolic rise, Tesla did not rest and form many areas of key support. Now that we're starting to see a retrace, I drew up some key levels where Tesla is likely to find buyers. Key support levels are areas where there have been strong reactions in the past. This does not mean that the price will bounce from these levels, it just means that there are...

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AMC recently broke out and pushed to the upside of the downtrend., however buyers are still not showing a lot of strength, but this is usually normal during trend shifts. Relatively low volume and volatility, leading to a flatish price usually signals a trend change. $5.30 has excellent support and I'd imagine shorts will be looking to exit their trade (buy back...

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In this entire drop from $500 there hasn't been any support levels to catch the price. For now, I only see two levels of balance worth an entry. One is at $45 and the other is at $21. Not a super in-depth analysis, but in stocks like this I prefer to ignore all indicators and simply look at the levels the market has previous found of value.

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Nasdaq looks like it's trying to make a double bottom. The sellers we unable to push the price any lower than 10,650 and buyers stepped in and bought the dip, likely signaling the end of a short term down trend. There was a retest today at the 11,168 levels of the neckline of the double bottom which seems to have held. This was a great entry. If the double bottom...

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I was able to call the top back in February by using this simple trend line (see my related idea below for proof). We are currently hitting this same line again. It doesn't mean this is the top, but it's a possibility. It's also possible that SPY breaks to the top, tests this trend line as support and goes parabolic like we have seen in the past (1999). It's a...