8 straight weeks up.. Daily RSI is hi fiving pluto. Still volume is strong and no reversal candle has been shown.. I think BA will correct along With DJI in the coming days back to 230 minimum. Daily RSI along with candles are both at resistance
Close at the top of a megaphone here. Same with ES These megaphone patterns are usually bullish but the question is, do we make one more leg down before heading higher? Here's Nasdaq composite or IXIC.. 1% range trade for most of the week. We closed at the top of the range. Similar charts on XLK Market has been mixed.. The fawkery is evident , they...
Price has been playing this channel since July's high with exception of the last earnings gap down that broke channel... Next week we will either tag 320(50sma) or 353 resistance
Aapl, looking for a bounce back up to 195.00 to form a right shoulder for a correction down to 182-185 The bounce back to 195 is only legit if 192 support holds.. If 192 goes before 195 then thats a double top.
Daily pattern is an inverted H&S to push arm back to its IPO price at 70$. Price is currently flagging between 60.80-65.00 I think price is headed for a breakout of this bull flag soon Stop loss 60.00 1st target 64.50 2nd target 70.00
Diamond top showing here... Pattern is bearish and Valid below 140. This week support is at 133 (21ema/50sma).. i believe we will test support.. Below 133 and we head back to 130 or trendline support Diamond top targets are usually the length of the diamond like so
Weekly ended with gravestone doji at trendline resistance Macd, CCI and RSI all losing momentum and rolling over Looking for a reversal here back to 95$ 1st tgt 107 gap close
Price has been bouncing between fib resistance at 147.69 and trendline support for 2 weeks.. This week will be the make or break week for Amzn.. Long with a close over 148 with volume Short with a close below 143 with volume Anything in between is chop
Longterm investment idea.. a possible 100% stock move from 20$ lows Falling wedge Here at the bottom of a 25yr range. Price is oversold on every time frame.. Stop loss 18.00 Target 45$
Almost there.. 457.80 is the final gap close which aligns with previous trendline resistance . Things are looking toppish on some of the tech sectors.. since November 14th the biggest tech sectors all have formed a BEARISH ASCENDING WEDGE. I think we will have one more 1¼% pop on QQQ before a pullback through early December here's an example XLK. ...
Up move completed here at last gap.. Short from 36,200. Target 34,300 If dow breaks over 36,200 then possible move back to ATH.. under 36,200 is the shorr
Rising wedge here with bearish divergence. Pullback to 117 most likely .. below 116 and 109 is next.
Spent all last week consolidating. Some but not all of big tech have topped off. I think we have 2% more upside to 458 target or trendline retest. IXIC or Nasdaq composite has lagged QQQ or NDX for most of NOVEMBER; That's because big tech has outperformed large and mid cap tech. If you look here on IXIC Unlike qqq that has closed their gaps, IXIC has still...
Higher low , higher low, higher low, highlighted in white; add to that the weekly volume and bounce off 226 support and I see tsla hitting 250 this week. Long over 238 Target 251 or trendline resistance Stop loss 234 Price action shows a double bottom and a handle on pullback XLY sector (Amzn/Tsla) showing an bullish inverted H&S
Stocks like Macy's usually move with IWM or smallcaps. As you've seen the last 2yrs smallcaps have underperformed the market and So has Macy's. Over the next few weeks I think Macy's will make a return trio to the top of its channel an close gap at 19.50 Macy's broke out of a falling wedge with massive volume this week. My first target is 16.70 price...
Something happened technically on msft last week that hasn't happened since Dot com era; Msft closed outside its weekly bollingerband twice. To say this is Overbought would be an understatement. Short entry Below 364 Targets 1st 357 gap close 2nd target Trendline support or 345 The yellow horizontal line is msft previous ATH at 366, things get...
Price formed a very large falling wedge at demand/support. Breakout of wedge should happen this week 1st target is 109 2nd target 120. Similar setup here for the energy sector XLE
Most stocks and indexes had higher than normal volume for the weekly. Candle technically wasn't a bullish engulfing because for that to happen the candle has to open up lower than the previous candle to "Engulf" it. I'm sticking with a bear target of 390 by December. The monthly candle is structure is still a bearish reversal with 3 black crows; This means a...