$MARK Pivot Points Show it: Is it starting to retrace?Right now, looking at the patterns for Remark Holdings, I think it is finally starting to retrace towards another positive wedge. The pivot points indicate the upcoming pattern for a higher pivot and the next wedge, and I feel like a huge gap fill in the charts need to be done. As always, everything I say is on an opinion based basis and invest at your own risk.
Chartpatternstrading
NZD/USD: This is a Hold: Bullishness to Continue!I been talking about NZDUSD previously, and I still think the support levels continue to be rising. Yes, small dips along the way that you can selloff and rebuy, but overall this is a decent hold as it stands. Right now, I think w/ continued support levels, the sentiment is also strong. As always, this is on an opinion based basis. Pursue at your own risk and do your own due diligence.
BBI is Underrated: Waiting for the BurstLooking at BBI still, I think it is ready to burst. The resistance has been quite much recently, and I think as soon as the resistance curve is broken, it is ready for its next wedge breakout pattern. Right now, I feel like people could only be bearish for far too long and positive sentiment is likely on its way. That being said, everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
Ford may be a Long HoldI have been bullish on Ford for weeks now and keep saying it is underrated. This is because of obvious technical reasons when looking at the fair market value of Ford vs. the market cap. Now you have the Broncos release, e-mustang, and many other things that should basically push Ford to new highs for the year in stock price. That being said, everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence.
Two Long Entries for CHF Pairs: CAD and SGDCurrently, watching these two pair correlations on Forex, I think both of them are due for a similar type of positive wedge correlation given there entry price. I am long looking at the patterns right now. Right now I think the setup is quite intriguing. That being said, everything I say is on an opinion based basis. Invest at your own risk. Please proceed with caution and do your own due diligence.
Who was here looking at that 80 cent BBI DipBBI is still a long in my opinion. For those of you who don't know, I think the current entry price is still pretty good. Post market recovery, this might start rallying again. Resistance and panic selling already been quite high and the negative positive retracement wedge is likely only to be better given trader's psychology. As always, this is on an opinion based basis. Invest at your own risk and do your own due diligence.
Today is a Great Day to Hold + Buy DipsRight now people are unnecessarily panic selling stuff they likely don't need to panic sale. As Buffet says, the stock market is a tool for transferring money from the impatient to the patient. Today is a great day to buy dips, diversify and strategically invest so when the market rallies you can thank yourself later rather than unnecessarily panic selling stuff in ways where you can lose thousands upon thousands of dollars. That being said, everything I say is on the basis of opinion. Invest at your own risk and do your own due diligence.
Short/Bearish on BILZ: Brand Equity not thereIf you asked me what makes a stock underwhelming on the TSX, many things come to mind. BILZ has a price currently lower than its entry price, and given it is listed on TSX, NEO, and OTC markets, one would expect it to garnish at least some traction. However, BILZ's advertising has come under fire lately. It features mostly skinly clad women, and a guy who seems to be more about his look at me lifestyle rather than growing a multinational corporation. There is a thing such as negative brand equity value that can cause resistance to a stock and I feel like this is an example of one of them. Outside of that, they have an e-commerce store listed as a stock. This isn't that exciting of a business, and nothing is unique about it where it can have perceived value in an investor's eyes. Literally if people got the required THC and legal licenses, and launched a similar brand, they could on their own. That being said, I am also not really a fan of this market, but I'm still looking at it from a non-bias perspective. As always, everything I say is on an opinion based basis. Do your own due diligence and make investments at your own risk.
Entered Long: Retesting Positive: AUDCHFRight now I think that AUDCHF should be a good entry. Infact, it already been going up when writing this post. Unironically speaking however, the bollinger bands previous curve correlation looks like it is about to go up for popped resistance. Fractals and fibonacci levels also seem to be on the support side. As always, pursue at your own risk. This is on an opinion based basis. Do your own due diligence and proceed with caution.
NZDUSD: New Entry Potential (BB% Analysis)+smaRight now, NZDUSD looks like it can have a positive bounce back from the negative draw down of the current bollinger bands indicator. It also seems like it may start garnishing much higher support especially looking at the SMA. The fractals are also there although volume is pretty low. Resistance may be broken soon and it might not be beaten up longer. As always, this is on an opinion based basis. Do your own due diligence and proceed with caution at your own risk.
Waiting for the Next Wege Retracement: GBPUSDCurrently, on this Forex pair, I am a bit down on entry. Right now looking at BB %B (Bollinger Bands Percentages) in the indicator and the cycling pattern on GBPUSD w/ short sellers and growth correlations, I think it should bounce back for the next positive wedge correlation. That being said, invest at your own risk. As always, do your own due diligence. What I say shouldn't be taken as face value as actionable financial advice.
4 Penny Stocks I'm Bullish On: MARK, BBI, ADOM, and SLRXThese are currently 4 penny stocks that I'm bullish on for a potential reentry: $MARK been beaten up alot, and I think the resistance might pop soon for a gap fill. BBI has been mostly bearish and should retrace soon for the next positive wedge. ADOM is a long hold. SLRX is one of those stocks that may be due for even another breakout. As always, please pursue at your own risk. Everything I say is on an opinion based basis. Do your own due diligence.
AC: $21+ CAD Target -> Long Entry Position (Rebounce Eminent)Right now looking at Air Canada, I still think the price is a dip. It will continue support levels soon and at a higher support level, a triggered rebounce for the next positive wedge is likely to happen. I feel like the chart and the fundamentals speak for themselves. That being said, pursue at your own risk. As always, this is on an opinion based basis.
TSLA Beat $1750 Today: Next Long Target is $2100Right now Elon Musk seems to be on a roll with Tesla and the bullish bull run continues. Support levels just seem to be at an all time high. The next price point that I'm hoping for is a target of $2100, likely by the end of November but at this rate it can be at the end of October or September. Nothing surprises me anymore. That being said, this is on an opinion based basis. Pursue at your own risk and do your own due diligence. (As always)
My Current Forex Watchlist: GBPUSD, AUDCAD, NZDUSD, and USDCHFRight now for a quick turn around in profit, I am currently watching these four pairs. GBPUSD looks generally bullish as does AUDCAD and it still has some support for the pattern going on. NZDUSD looks like it has expected positive growth correlations while USDCHF is expected to hopefully retest and recover from the recent bearishness. Please keep in mind this is on opinion based basis based on how I see the charting patterns. Please pursue at your own risk and do your own due diligence.
EURJPY: Keeping a Close Watch Right NowRight now, I am currently keeping a close watch on EURJPY to look for some quick profits. I think the current bullish levels are safe in comparison to the resistance, but this can all change in a matter of hours. Definitely one of the pairs to keep an eye out for right now. As always, take everything I say on an opinion based basis and pursue at your own risk. Do your own due diligence.
Keeping a Close Watch on NZDUSDIn my opinion, NZDUSD as a Forex pair is currently underrated. While it has some slight positive, there is higher bullish potential and a positive continuation wedge needing to be filled. I also think the bullishness will beat current resistance levels. Overall, I am a long. Please keep in mind everything I say is on an opinion based basis. Pursue at your own risk and perform your own due diligence.
Two Pairs I'm Currently Bullish In: USDCHF and AUDCADTwo forex pairs I am currently watching for a long entry are USDCHF and AUDCAD. I think AUDCAD may seem like it is about to bottom out, but has still some ways to go for a continuation of its wedge, while USDCHF has more positive bounce back potential. Currently, both pairs are a close watch. As always, this is on an opinion based basis. Pursue at your own risk.
Bullish Entry for PLAY, Next Zig Zag Positive Wedge: $17.50 LongRight now, I think it is low to mid risk to have an entry on PLAY for a $17.50 long target. I think the upcoming wedge in the Zig Zag pattern is likely going to be positive, and it is one of the stocks you can buy and have a close watch on. It already passed the high risk period for bearishness, and the market cap is quite low. As always, this is on an opinion based basis and pursue at your own risk.
CLDR: Ready for even another higher growth wedge?CLDR is in the packaged software sector and focusing on data engineering and analytical solutions. Currently, when looking at what they have, you easily see sector and demand growth. Also, the sentiment is bullish likely pushing this to another much larger positive wedge. I think this may be a decent bet for a long hold. The way they have grown over the years in the heart of Silicon Valley also makes me quite hopeful. As always, this is on an opinion based basis. Invest at your own risk and pursue your own due diligence.
I'm Short on Wayfair, here is whyThere are logical reasons on why Wayfair might meet some resistance quite soon. Looking at the previous bearish run and the current curve, it looks like the fractals are already setup towards its peak for the current wedge. Right now, slight resistance can trigger the bullish pattern quite easily to retest and retrace back downwards. I feel it is too risky of a buy. That being said, everything I say is as an opinion based basis. Sale, hold or buy at your own risk. Pursue your own due diligence as this is not meant to be taken as actionable financial advice.
ABIO: Currently looking for a Long EntryFirst off, please don't take anything I say as financial advice and as always everything is on an opinion based basis. Pursue your own due diligence. That being said, ABIO seems to have a decent setup for potentially another bull run quite soon. The resistance curve is about to pop and it looks like this is a close watch as with other stocks I been watching. In my opinion the risk isn't too high given the mostly neutral pattern after the bearish action that happened kicking off June. At that point, the risk got mostly reduced and this price for an entry isn't too bad. It still though is risky.
Keeping a Close Watch on AIMAIM is one of the stocks that have underwhelmed me in performance lately. However given current resistance wedges, I think as an entry point right now it would seem low to mid risk. I believe going in as a long hold, you can expect some positive retracement, and quite possibly a $3.15 price target by end of August. That being said, pursue at your own risk. As always, everything I say is on the basis of opinion.
