Get started

Chartpatternstrading

UUU: $1 Short Target, very low Volume + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few quick insights. I think $UUU can hit $1 quite soon w/ continuing support levels. However, it is still very high risk. The market cap is very small, hence the volume is small. I wouldn't bet too much on this if I were to buy it. Currently, I'm waiting to see if it hits the $1 price target I am predicting, and if it can rally. However, again this is high risk. Lower volume and lower market cap stocks are harder to get out of. Be very weary.
AMEX:UUULong
by gamer456148
Wait until Friday before $GME RiskFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect GameStop to have a negative earnings call tomorrow. This will lead to a bearish dip, which makes me inclined to say, wait until Friday (probably around the hours people shorten) or afterwards to buy this stock. Don't try getting it before the potential dip if you want to profit off GameStop. I could be wrong, but many many people are objectively expecting a bad earnings call.
NYSE:GMEShort
by gamer456148
2
$LTC Needs to > the $48 Resistance Price to Hit $50 this MonthFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Litecoin looks to be outperforming alot of different cryptos in the entire cryptocurrency and altcoins market. I'm not as bullish on it as I am with BTC, but still quite bullish on it. It looks like to garnish momentum and hit that $50 price milestone, it needs to pass the $48 resistance price point first in order to do that this month. I think the confidence interval that it will is there. Am I bullish long term as well? Perhaps.
COINBASE:LTCUSDLong
by gamer456148
1
Can a Penny Stock like this ever Recover?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, thanks to @adamans for bringing this stock to my attention. $IDEX seems to at this point be trending towards a decent $1.05 target. Currently after the $0.47 close, it went already up by $0.09. However, I'm not sure if I would shorten it at $1.05 or keep a long. I'm not even sure I would get it, as I have other things I'm analyzing as well portfolio-wise. That being said, likely it is more of a long given the company has somewhat decent of a portfolio . The thing that surprises me however, is that they are still around. The fact is, the all time high of this stock was $338.35. That was literally in 2007. Now from an operational standpoint, and financial standpoint, this company looks like it ran into the ground the past decade. It looks like the bullish aspect of holding it, is on the technological potential. This is why I am confined to say if one was to get it, it would take some decision making at the $1.05 mark to see if it is worth a sale or hold. This is because of opportunity cost on time, and the past financial and operational history. Now looking at the founder's story here , it says this company was founded in 2017. This leads me to believe this was an older ticker for a previous stock that was desisted, or a previous digital company was asset stripped. However, if that is true, they still managed to go down from I believe is nearly $3.10 to $0.41, prior to retracing to its $0.56 price now. That is still a really downward pattern. (BTW, I gave them $3.10 as the entry, the all time high for 2017 was $5.92). The average stock price in 2017 was $2.2008, the average in 2018 was $2.7846, and the average in 2019 was $1.5313. Growth haven't been good to them. That being said, yes, the $1.05 target I'm predicting will have to be set soon if I am correct (and I am being generous). Then it is up to you if you want to take that speculative bet. The executive team has the ability likely to make this retrace to its 2017 price, and maybe garnish growth of the current companies under their portfolio. However, it will take alot of work in an uncertain market. It is up to them to leverage an effective growth strategy. If they want help, I don't mind playing a Marcus Lemonis. That being said, good luck guys!
ILong
by gamer456148
6
5 Stocks we are looking into for the Covid-19 VaccineFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, let me get into my insights. There was rumors that AstraZeneca wanted to merge w/ Gilead. However, it looks like this may not happen. Until, the books are closed don't get your hopes up, but invest as if you expect something like this to go down. As far as stocks such as Pfizer, Pfizer so far is greatly underrated in terms of growth potential during the vaccine trials period, and likely because of that it is due for a bullish run quite soon. NVAX and Moderna, I believe already have the most stable growth potential given the logarithmic curves. These 5 stocks may be quite interesting to look at given all these giants from Pfizer to Moderna to Gilead are working on being the forefront of the expected Covid19 vaccine delivery. If this is a huge revenue booster, that means obvious profit turn over potential. Also, it is likely better for a buy entry previous to August, September, and the winter when hype may start increasing. Lots of the excitement have very recently slowed down, and you likely don't want to wait for the hype if you do long term holds.
NYSE:PFELong
by gamer456148
1
People have valid reasons to be harsh on SlackFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Slack recently had a positive earnings report, which shown higher year of year growth. This didn't stop the stock from dropping over 10%+ afterwards. There are valid reasons though why investors should be or are shortening it. The risk is high when comparing the enterprise value of Slack to the current market cap it has. 2019's revenue was $401 million. Even if they are on track to do $1 billion dollars a year, this gives a fair market value likely around $3.3 billion dollars. The 28.171B market cap and even 14.209B Enterprise Value, both put the stock at a premium. Earlier I talked about how companies like Tesla or even Ferrari could be looked at as overvalued. However, this isn't that bad when you notice their brand value comes with a large IP portfolio, manufacturing facilities, and actually reasonable expectancies for product quotas. Remove that, and you have a stock that is just in the digital transformation category that people are betting long because it was a unicorn. Slack does have really amazing potential when comparing it to competition in this space. However, at this price and the current financials, people seem to be overbetting long. It would be interesting to see if this stock dips, and then an entry buy may be better. Currently, you can try doing a buy entry now and sell at $41, but that would be a high risk trade given this stock has a high confidence interval of also dropping down to at least $29. I would say, keep this in the watchlist, but also keep in mind the financials. You have a stock at the very least overvalued 2x, but most likely overvalued closer to 10x. Some stocks are always speculative though, but still something to be weary about.
WShort
by gamer456148
1
RACE: $165 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said Ferrari is doing quite well for itself. Among their line of 2020 cars included are the Portofino, GTC4Lusso, F8 Spider, F8 Tributo, 488 Pista, 812 Superfast, SF90 Stradale, etc. The list of new and old cars is ever growing. Many people don't know this, but Ferrari makes alot of different luxury cars. I mean they, just like most car manufacturers, have a long list of product skews. Ferrari's production output of vehicles doesn't have to be that high given the price in comparison to other companies. However, with a nearly $30 billion dollar market cap, they are likely over 8x their yearly revenue in value over the traditional 300 to 330% that goes into valuations. This is because Ferrari unsurprisingly has brand value. Brand value increases equity value. This is why I see (with some resistance), the bullish run continuing to positively retrace towards the $165 price point.
MIL:RACELong
by gamer456148
CA10Y: Next target is 0.8, can it rally?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the bonds market for Canada, especially for its government been quite bullish recently. The last close was at +7.07%. Although, some resistance seems to be on its way, I think the next target in price to look for milestone-wise would be at $0.8. Afterwards, one could then look at it carefully and see if it worth a long hold, risk mitigation, or reinvesting. Again, just my opinion.
TVC:CA10YLong
by gamer456148
Tesla vs. FordFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Tesla is growing substantially when you compare market cap and share price. However, what most people don't seem to understand is that Ford has higher A) Production output B) Revenue and C) Likely higher enterprise value. Also the invested capital in Ford is 322.61 B. The Enterprise value of Ford is realistically higher . Tesla's realistically closer to a valuation of $125 billion when you look at the 2019 revenue, growth percentage, and expectancy. However this doesn't change the fact that A) The market cap for Tesla is way higher than Ford B) Tesla can now buy Ford if they wanted to C) Ford would have done better as a privately held company. When looking at the log curves for comparing Tesla and Ford, you can see who is obviously growing. At this point, it looks like Tesla annihilated Ford. Obviously alot of this comes down to speculation. Traditional Wall Street that hated Elon Musk is now overvaluing Tesla by at least 25% while dramatically shortening its competitions. Elon is expected to meet production quotas, and they are becoming a trophy in the automotive industry. I'm also bullish for sure.
NASDAQ:TSLALong
by gamer456148
MAC, Next Target is $15First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the next target for MAC as a real estate trust seems to be at the $15 price point long. Last time I predicted it, it seems like my positive outlooks came true. Now, I am even more bullish given a potential support increase and the possibility that demand should go up given easing of social restrictions (MAC has a portfolio of real estate development related to malls and shopping outlet facilities).
NYSE:MACLong
by gamer456148
1
L: $40 Wall, $45 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think within a trading day or so, it is likely to pass that $40 wall. My long term position overall for L is that it will continue mostly a positive correlation and pass the $45 threshold. Overall, I'm bullish at least until it reaches $45 (if that was the case). The market segments that L is offering, is slowly also going to start going up in demand, especially when Covid19 restrictions slow down.
NYSE:LLong
by gamer456148
TSLA Target: Easily $1k+ by SeptemberFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Tesla has strong support, and Elon Musk looks to continue going out of his way beating production quotas. Yes many people think it is overrated, but operationally Tesla has one of the toughest management teams out there. You have constant targets being crushed, a large IP portfolio, and an innovation-centric company that is adored by analyst at Zacks or Motley Fool . Say what you want to say about it, but for years analyst were highly against Tesla. Many analyst are still trying to go out of the way to shorten it. Chart enthusiasts who just keep saying Tesla will go down 70% or reach $200 almost every other day in my opinion seem to not know what they are talking about at all. At least until the $1k price, so far I'm continuing being bullish on Tesla.
NASDAQ:TSLALong
by gamer456148
Bitcoin's Next Major Target + BTC vs. GoldFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, let me get into a few insights. The next target Bitcoin needs to hit within two weeks if it wants to near the $12k price by July is $10.5k. This will be the threshold target that needs to pass the resistance for it to continue a bullish temporary positive retracement. I also think for a long, there is a possibility Bitcoin could surpass its nearly $20k high within 24 months if it continues gaining momentum. If it meets the July target, then it could potentially surpass the $20k benchmark within 12 to 18 months. Compared to tangible assets such as Gold, the logarithmic curve for BTC is at a higher growth scale. Many traditionalist think BTC has no value because of tangibility. However, cryptography and math are the values of the future, and BTC is ahead of the curve of traditional asset classes. That being said, when looking at financial experts such as the legendary Warren Buffet or even Peter Schiff, they are alot smarter than me in the financial world when it comes to a variety of things. This includes financial modeling and economic/geopolitical forecasting. My risk averseness though is likely that of a Quant compared to a traditional investor (Quants prefer growth over stability). Buffet and Schiff are like old-schoolers of Wall Street. Sometimes people are historically wrong. I think for Buffet and Schiff, if BTC keeps gaining momentum and my hunch is right, they may have been on the wrong side of history. Hopefully for them, it wouldn't be another Steve Ballmer iPhone moment . Overall, I'm trying to look at Bitcoin through the lenses of an asset class.
GEMINI:BTCUSDLong
by gamer456148
3
BBBY: $10 Target Reached in 1 Day, High today of $10.18First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said the $10 target I predicted yesterday at the $8.37 price was met, making a 19.4% gain over a day in a decent stock. If I predicted the $10.18 high, the gain would be about 21.6%. It is traditionally a rule of thumb sometimes to be a bit off (though not intentional), because you don't want people to accidentally miss a small time frame and see that $10 price go down to $9.32 (which is what happened). That being said, this is a decent lesson on A) Charting patterns B) The importance of automatic sells. | Overall, I still have bullish hopes long term for anybody interested in this. However, I personally would just say put it on the watch list.
NASDAQ:BBBYLong
by gamer456148
Mixed Feelings on $MARK Patterns --> Very Bullish Short TermFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. My expectancy for MARK is that it ends up hitting the $3.50 wall quite soon. Infact, a small interval looks like it can reach quite higher. There is also a large risk factor involved in the fact that at peak wall, its looks like resistance could start happening. I suggest if you buy, to put a sell order quite soon at a $3.25 bid in order to mitigate risk and have a quick profit turnover. If I am right, this could have been quite a decent strategic trade.
MShort
by gamer456148
LK is High Risk, Went up 56.98%+ Today >$5 Target PriceFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I have been following LK for a while, and haven't got it due to the risk factor and how it looked like a huge dump to many people in the market. I wish I bought it however at the $2.76 price point, but opportunities are missed. A reasonable short target is $5, and it may even surge and surpass $7. This is one of these stocks that you have to be careful in regards to stability and risk. Greed can make you lose everything, regulation can make you lose, and the "market noise" is problematic. LK is a dime in a dozen and when stocks go down like this, a breakout call is imminent lots of times. The really good entry seems to be missed, but its on the list. Definitely seems like with mid to high risk it can be a long position, and it looks like some opportunity is there for a short profit turn over.
LLong
by gamer456148
1
LK was a Chance for me to Grow +178% but I Chose Not toFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, LK was a chance for me to buy at the $2.76 level. I chose not to buy it, than chose not to get it at $4.05 and still chose not to get it. The reason being is 1) The way it went high into the market and crashed didn't set well for me 2) Delisting rumors didn't set well with me. Some stocks I know will go up, but personally I don't like them on the fact that it feels riding on certain stock's waves feel like you are profiting while others are getting burnt. Sometimes it isn't all about the money. Reading articles like allegations of a fraud investigation , amongst others didn't set well with me. I'm not trying to accuse anyone or point figures, but I would be very weary on the fact that this is listed on the NASDAQ. Sometimes, it isn't all about the money. This seems like it is one of those times.
LShort
by gamer456148
2
Hoping for Higher Growth, Just Sold $SLRX for $MARKFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given that I am still bullish on SLRX, I think MARK (though the riskier bet in my opinion) is more the likely to have a much bigger surge next week in price. Zacks is also giving $MARK a buy rating by two different analyst. For my sanity's sake, I think a high confidence interval I will still be right, and it looks like we have been close in terms of approaching the dip prior to retracement. Excited to see what happens for next week!
MShort
by gamer456148
$SAVE growth since Last Prediction, Log Curve Should StablizeFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Spirit Airlines is a long hold in general but looks like it is soon about to dip given how long its bullish run was. I would take the nice profit and likely reinvest in the dip if that was the case, as the bubble can start getting broken. It peaked at 12% growth today before going down 7%, and resistance seems to be tightening up. If you want a higher profit turnover, I suggest not waiting until all your profits go down.
NYSE:SAVEShort
by gamer456148
I Missed a Huge IPO Opportunity, Feeling Dumb Right Now :(First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, imagine having a chance to buy a stock at a $13 price point and doing a sell of for $42 within a day's time period. Had the chance to do that, and didn't. Didn't even get the stock. When you see a stock going down few hours Post-IPO, it is because many people are putting sell orders quick for profits and lots of activity happening during those time periods. Unfortunately, it can mess with your confidence and your judgement where you miss a great buy opportunity. I seen the stock's symbol from TradingView. It had hype. Now, I feel sick :(
NASDAQ:ZILong
by gamer456148
10
LTM: $2.25 Price Target: High Risks = High ReturnsFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, here are a few of my insights. Currently, LTM has reached a spike after its bankruptcy protection filing. For people to say that LTM (which is at a dire financial position), will receive another spike is like listening to Johnny Cash's Ring of Fire , while on fire. It is a high risk pick, but I still think it is worth it. Realistically, I think a price target of $2.25 is imminent for a quick profit turnover. This is especially true if support continues.
NYSE:LTMShort
by gamer456148
Cramer was Off, Expecting a $10 Target now for BBBYFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Jim Cramer seemed to think in May that BBBY would have a tough recovery given they are "deemed nonessential". He was being conservative and I get that, but you know whose not conservative? Some random guy on TradingView whose not a CNBC analyst. I am expected continued support for Bed Bath's bullish run and that a $10 target could be imminent. Overall though given it is retail, I am still giving this a long but I expect the $10 target to be in a short time period. If it hits $10, I would flip for a profit turnover if I was to get this, than reinvest.
NASDAQ:BBBYLong
by gamer456148