turtlebuster

turtlebuster

The chart shows tight price consolidation with divergence*. The two arrows indicated possible price targets. *Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates.

turtlebuster

These are typically bullish patterns but fundamentally, I don't see any near term catalysts to drive the price higher, albeit I don't know much about the company.

turtlebuster

The stock will rally once the price breaks past the pink line. Oil and gas will get more expensive as the demand continues to increase. Sure, people are driving less and working from home BUT the amount of construction projects going on is staggering, heavy trucks and equipment use A LOT of oil and gas. The demand is strong and the bull rally that started in...

turtlebuster

Looks good! Finding a base for the next push higher.

turtlebuster

In my last post I showed a bearish scenario. In this post I show how the price is consolidating between the two trend lines. It is set to move higher based on this TA.

turtlebuster

The bull run will continue with a price target of around $150. The yellow trend line is resistance. The orange trend line is support. I apologize for the scale, I did this on my phone.

turtlebuster

This may be a bearish pattern forming. Will be interesting to see if AMC can keep the momentum and rise higher but I don't think it will. I'm short AMC.

turtlebuster

Time to put up the defenses and prepare for losses. The GME bulls failed to push the price through resistance. It was rejected twice in fact. Now the bears are on the offensive and it doesn't look good. The next price support is pretty low. Things could get ugly.

turtlebuster

Scenario 1. break through resistance and push higher. Scenario 2. fail to break through resistance

turtlebuster

CVS has found a comfortable trading zone, the cycle will need to be completed before the next push higher. Love this company long term.

turtlebuster

A freakish bull run could happen after breaking out the weird clam shell pattern.

turtlebuster

AMZN double topped. Bulls failed to push the price past resistance, now the bears will move in and drive it lower. The only question is... how low?

turtlebuster

ABNB has too much downward price momentum to turn around, not even superman could stop ABNB from hitting new lows.

turtlebuster

CLNE is forming a descending wedge which should result in an upside price movement. Good luck traders.

turtlebuster

Maybe I'm seeing things, but in my opinion, a bearish pattern is forming. The fact is APPL failed to retest new ATHs. Bears are lurking in the woods.

turtlebuster

DXY is forming a nice base. Open those gates and let those bulls run.

turtlebuster

TWTR has been finding a base along this line. Not sure what it means but I thought I would share it.

turtlebuster

I mean, if that isn't a head-and-shoulders pattern then the head-and-shoulders pattern shouldn't even be a pattern.