Bullish_Harambe

Bullish_Harambe

Just some classical TA - Falling wedge PT is the size of the left side of the wedge from the breakout point. This wedge has been forming for over a decade and its just gigantic. Massive, massive gains if it works out here. I'm loaded with shares and options, one of my higher-conviction plays in a month or so.

Bullish_Harambe

Just a big ol' inverse head and shoulders breakout. The PT is the size of the head from the neckline breakout point. It's officially alt-coin season. This is not trade advice, this is meant for entertainment purposes only ;)

Bullish_Harambe

Following some upbeat forecasts for the financial sector and with JP Morgan announcing a 43% dividend increase, financial stocks soared today. From my analysis of the sector, C appears to have the most bullish chart at the moment and should be a top pick in the financial sector at this time. Today, C broke out of an inverse head and shoulders pattern. Inverse...

Bullish_Harambe Updated 

For the past year, Micron executives have been making the case that the memory industry is transitioning from a cyclical industry with booms and busts to a secular growth industry with the massive demand for memory in the cloud, artificial intelligence, self driving cars and IOT ramping and reshaping the compute needs of the future. It is a nice story and one MU...

Bullish_Harambe Updated 

AXP has been in an ascending wedge pattern since February. Although ascending wedges see the price climb until their apex, they are a bearish pattern. The price target measured from the point of the breakdown is equal to the left side of the wedge, which I have cloned and placed. To be fair, the wedge has not yet broken down. In fact, quite the opposite. Today...

Bullish_Harambe

AMC has been getting some decent hype with its subscription service, but the company is still far from profitable and not expected to be until next year. Technically the stock is in an ascending wedge pattern, which is bearish and is encountering some heavy, historical resistance levels. In addition, the stock price is sitting near the top end of the wedge channel...

Bullish_Harambe Updated 

I previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the...

Bullish_Harambe Updated 

The chart says it all. If I wanted to guess at fundamental catalysts that would cause this, is Intel's continued delay of 10nm. Also, Intel's only competitor, AMD's chart is just breaking resistance of over a year of consolidation. I'm guessing AMD will be taking market share in a big way. This is a simple short setup, nothing too overly complicated to explain...

Bullish_Harambe

Gilead Sciences has recently double-bottomed and rallied sluggishly for the past month. This week however, there is back-to-back good news for the former Wall Street darling. With the decline of their hepatitis C franchise, GILD has been expanding into oncology and bolstering their HIV pipelines to makeup for lagging sales in their once stellar hepatitis...

Bullish_Harambe

Now, there are several bearish patterns that have emerged in the DAX chart. The 5-wave count and the H&S pattern with a descending triangle are all very bearish signs showing the correction is not over yet, and there is still plenty of room to fall for the DAX. Look to enter a trade after the break of the descending triangle pattern, which is also sitting at the...

Bullish_Harambe

LTC is nearing the end of the correction phase, which was first a zigzag followed by a triangle correction. Most likely it is headed up from here, with a medium term (three month) price target of $344. As you probably are well aware, LTC wont get there in a straight line, so I will focus this TA on the price forecast for approximately the next week and next...