COINBASE:BTCUSD Shown in my previous post (linked) was how crucial holding the 125 daily moving average was to BTC. As soon as it closed convincingly below it yesterday, I went 100% USDC, and shipped them to my Nexo savings account. if you don't know about that, hit me up. Returns that beat the S&P500 average annual return over the last 30 years by more than a...
COINBASE:BTCUSD Shows us the answer. Coinbase exchange daily chart shown. As seen on the chart, when BTC manages to climb through and hold above the 125 daily moving average price action tends to rally upward quite nicely after each brush with the support. However, when the 125 MA is breached to the downside, bagholding ensues. Once under the 125, price action...
COINBASE:BTCUSD Is having it's first touch of its 125 moving average as support since breaking back above it with a vengeance. It has been holding thus far, and a breakout of technical indicators is now presenting as well. RSI downtrend resistance is breaking through now, and Stochastic RSI has crossed over while price action appears to be turning back north...
MDB Linked Ideas. Just strength and growth, plain and simple. Like I said, 200 or bust. Happy hunting and GLTA!!
AMZN Currently testing resistance of what I believe to be a bear flag consolidation pattern. This is a great place to get short if you want to risk a little capital, due to the ability to cut out with a small loss if it breaks above this resistance, so stop loss at 1836. If it does not break though, you get the reward of the entire move downward, which could very...
MDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for...
AYX Pure strength. As you can see from the chart, AYX is in the process of breaking out of its lifetime channel resistance. If this is able to hold the breakout this week, the sky is the limit for this thing. No overhead resistance, so only psychological resistances to worry about technically. Usually those come in numbers divisible by 5, so likely looking at 150...
MDB In my previous post (linked) I looked at the way MongoDB previously had reacted to tests of its 125 moving average over its short but super strong lifespan. This is a true growth stock, and is currently in a position to offer a minimum of 6:1 ratio on risk/reward from Friday's close. This is dependent on setting a stop loss below the current uptrend line and...
TREE As noted in my previous post on LendingTree (linked) this is a patient trade that requires a trader to display discipline and belief in the trading plan. The accumulation zone was noted as 285-270 in previous post, and this week TREE hit sub 285 for the first time on the pullback in formation of a true cup and handle pattern. I say "true" cup and handle...
CAG Conagra Brands gapped up out of its recent consolidation pattern, freeing it up for a run to posted targets. Gains of 10% and 20%, respectively. Shown below is a close up daily chart for a better view of the gap up breakout. Monthly chart indicates this stock could very well see the 44 area longer term. I personally like this stock for longer term buy for...
NYSE:WMT Wal-Mart is sitting at what should be a strong area of support going into its quarterly ER this Thursday. Strictly technically speaking, this is a convergence of multiple supports that should provide a stop to the selling pressure. There is a horizontal former resistance that should turn support, an uptrend support line, and the 125 MA all in a cluster...
NASDAQ:MDB Each time MDB gets the chance to reset to its 125 MA in the past, it has had a very nice rebound followed by an extended run. I don't believe this time to be any different. If this things can make it to 160, then it's 200 or bust. Buy and hold. Take profits near channel tops. Happy hunting and GLTA!!