zongwei

zongwei

Price looks like it's forming a head and shoulders, within a larger double top formation. Personally I will observe how this plays out and may or may not take this short trade, just an observation for now. Stay tuned for updates!

zongwei Updated 

SQ has formed a perfect textbook HnS pattern. Additional points: The pattern is relatively large After breakout, price went to retest the neckline and got rejected with a pinbar pattern on the daily and 2H timeframe. Price broke out of the 50 and 20 EMA Green lines represent TP targets and red lines SL.

zongwei Updated 

RIVN forming a close to perfect Head and Shoulders pattern that is quite large, there is also a secondary ascending triangle pattern which is a bullish pattern. Not much resistance all the way up, potential 35% gain.

zongwei Updated 

Prices are caught in this trading range with low volitility, while many tech stocks like NVIDA, TSLA, META, etc are mooning at the moment. This shows that not many traders are interested in this stock, price should continue to move sideways with low volitility so a short strangle here makes sense to collect some free premiums. Premiums are low but a profit is a...

zongwei Updated 

Strike: $128 Expiry: 09/06/23 The stock had a big run up and is now consolidating at resistance. After such a big move, price is now very far away from the 20 EMA. In the previous downtrend and current uptrend, it is observed that price tends to pullback and bounce of the 20 EMA. Now, price will likely consolidate further and pullback towards the 20EMA before the...

zongwei

Price respect trendline, channel trading. Tp at nearest resistance.

zongwei

Price respect trendline. Long term in an uptrend, quick long to the nearest resistance.