Stopped at resistance... Headed back to 175 minimum here .. If this drops below 175, then 165 gap close most likely incoming.
This week I think tsla will bounce back to 258-260 resistance and form a right shoulder for a correction back down to 215. For the long Entry 242-244. Stop loss 240 Target 258 For the short Entry 258-260 Stop loss - 263 Target - 242, below 240 and we see 212
Pennant that could take us back to 122 gap resistance. I like calls above 111$ 110.00$ stop loss 1st target 116 2nd target 122
Monthly candle of August was a bearish Hangman. Sept candle confirmed the Bearish reversal. "The long lower shadow of the hanging man shows that sellers were able to take control for part of the trading period. The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern....
Pennant here to close gaps.. Gaps are at.129.46 , 131.30 and lastly 135.. I think the first two gap close will come easily. 135 will be a tough gap, I'd wait for a push over 132.50 for to long the final gap close. Entry 128 Stop loss 126.50
"Fib levels". Across the board we are approaching so decent support levels. Usually when price approaches a strong fib level oversold you get a decent bounce. Dow,NYA, Nasdaq, and Spy are all outside their daily bollingerbands 2 days straight. Daily Money flow has went oversold too. Nya/Nyse daily chart. Using all time high and 2020 lows for fib levels...
Double bottom here .. 3 gaps into 113 108 109 And 112.89 I'm looking for an immediate 109 gap close by next week and 113 before October is out
Falling wedge Here. Quick swing trade Long over 173. 1st tgt - 177 2nd Tgt -180 Stop 172.00 Price has Been flagging between 172.60-174.00
If you've followed me for awhile, you know I rarely do ideas on this Mid/Low cap tech.. The reason is because they have High IV and are heavily shorted. Even so , this looks like a good setup here. We completed the Double top here at 67 The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so We could...
Another ascending broadening wedge here.. very bearish pattern. Look for a bounced up to 445..460 max, then the next leg down to weekly 21ema or 413.
Correcting outside a rising wedge .. Possible bear channel formed Next stop 290. Stop loss over 306 stop
Coming up on Strong support here. Expecting a dead cat range trade between 127-132 to form right shoulder before the next leg down via H&S Stop loss 127.00
Looking for a pop back up to 132 .. Eventually looking for a break below 127 and the next leg down. Stop loss 126.00 It could break over 132 and 135 gap close but for now 132 is the move
From 416 to 440 Spy made this move on majority of tech back; If spy loses 440 I think we are back to the 200sma minimum with a dead cat bounce or pit stop at 430. The drop from 440-416 will come from the same stocks that help push spy to this level (Tech). yearly uptrend support at 440 this week Weekly RSI uptrend on support. So technically we haven't...
Here's Amzn with fibs 130 fib aligns with 50sma and trendline. Bearish divergence on daily RSI.. looking for a lower high with this next push up followed by a flush. Upside targets are 137 and if it can break and hold over that then 145 gap close. I don't think it goes higher then 145 before correcting like the RSI foretells and it will only make it...
Technical bounce setup.. Boeing coming into the week oversold showing a bullish divergence on RSI. Falling wedge on the chart. I like the entry above the daily 200ema at 207.00 Target 215 or trendline resistance
Looking for a test of 258-260 in the next two weeks. Tsla may try and test the gap resistance at 281, but I don't think it breaks above it. XLY , which is the tsla sector also has gap resistance at 175.. that gap resistance on XLY and tsla are connected. Support /Targets 270 266 258 If TSLA breaks back below 258, 242 is next up. Stop loss 282 The...
Gap down below a rising wedge here. Has been distributing since late June. Early in the week I'm looking for a retest of 334-336 max. After that retest I think we will begin the correction down to the 200sma or 290. 1st target is 323 2nd target 308 Final target 290 The Bearish divergence on the daily RSI will go oversold before msft bounces