Breakout? Is Nike going to breakout this week to new highs?
As indicated by Kurutoga Cloud ( shows support and resistance ) the most recent 45min candle shows it has broken through resistance & MACD shows growing bullish strength.
The second wave looks to have been broken on the Elliot Wave as we are entering wave 3.
Comment your thoughts below!
Kurutogaclouds
Day Trade $133 strike price I see NKE hitting $133 no later than Friday, however... Technical analysis shows we are due for an imminent dip and it will be a hard dip, here's why.
Strong sell signals indicated by guth 3x triple confirm, which has pretty decent accuracy
D+ showing a red cloud above the candles indicating strong bearish divergence
Resistance has just been met as indicated by the Kurutoga cloud ( teal cloud beneath the candles )
MACD shows weakening bullish divergence
RSI is also pretty high compared to its previous low
My plan is to buy at open, let fall a few dollars and sell for a quick 50% profit.
Comment your thoughts below
Shorting COF AgainI have a watchlist of stocks that I go through and find the stock with the greatest probability of reaching a certain price based on technical analysis. Based on the indicators I use, and candlestick trends. I see COF dropping again. $128 might seem like a cheesy prediction, but that is just the put I bought. It was almost $130 a share when I purchases that put today. However here are my reasons behind shorting this stock. Again :)
Sell signal on guth 3x confirm
Double Sell signal on D+ which is so accurate cost a subscription, D+ also shows high amounts of bearish divergence as indicated by the red cloud above the candles.
Weakening bullish divergence as indicated by the MACD
RSI 58 which is on the higher end for this stock
Room to fall as indicated by the Kurotoga cloud which acts as a base for support ( the teal cloud under the candles )
Like if you agree that COF can hit $128 or lower this week, and comment your favorite stock below you want to see me add to my watchlist. I will be picking 1 stock a week to short or go long on.
Happy trading!
Fell Below Support Snapchat has fallen below its support level as indicated by the Kurotoga Cloud. Last time this happened on the 30min it only stayed in a downward cycle for 1 day before breaking through resistance. We are almost guaranteed that SNAP will continue to fall tomorrow but not as steep as today. Based on candlestick analysis I do not see Snapchat going any lower than 51.10 tomorrow.
That may not be the case if something beyond the technicals drive the price and cause SNAP to rise.
Stay tuned for trade activity and follow for more predictions.
Apple To Break Resistance On The 45minI am extremely bullish on AAPL. Technicals are screaming buy and here is everything in detail!
First check out the big green arrow pointing at the top bands, they have crossed at the bottom initiating a buy signal.
Second, candlestick analysis which is my speciality. If you look at the two blue arrows, you can see that small green candles have low hanging bearish wicks. The wick is how low the price went during that 45min interval but did not close. We can see that there is a point of resistance there and it the bulls will not let it fall through. How do I know this? Look at the thin green arrow between the blue arrows, there is a green shadow. This green shadow is bullish divergence meaning bulls are getting stronger. To further go based on divergence, check out the MACD. It went from solid red to a weaker shade of red meaning bearish divergence is weakening. Trend lines have yet to cross, but this could be the week. With an Insanely low RSI of 43.71 compared to where Apple has been sitting, we can expect price to jump up as the stock is underbought.
The teal cloud that the candles are sitting in is a Karutoga Cloud and this shows support and Apple is in the cloud and looks to come back above it continuing its bullish trend.
This is a very exciting technical analysis and I will be putting a medium sized position for this week. I see $130 by the 24th.
Rising TideThe wave is crashing but the tide is rising!. What this means, the stock has fallen in value, however it is on the rise and many indicators point to it increasing in value. First, the Bollinger bands at the very top, it is about to cross at a low point giving a buy signal. Second, Divergence+ is showing growing bullish divergence. Third, the Kurotoga cloud. The Kurotoga cloud shows resistance at $411 a share on the 45min chart. however it is a large cloud and the price can move further into the cloud and still be under resistance. It still has potential to hit $425 based on this previous statement. RSI is a low 42 and MACD shows room for growth while bullish volume is increasing.
Will be watching closely, I see a rise tomorrow.
What are your thoughts? Comment below
Far From SupportUber is far from support and there is a sell signal, with the market in a euphoric state due to investor excitement over a covid vaccine. We can expect the stock to correct any moment. With a high RSI of 68 and a sell signal, we can expect the stock to move closer to support as indicated by the Kurutoga cloud. MACD still shows room for growth so we should expect to see this stock rise just a tad more before falling close to support. I expect support to be reached this week.
Almost A BuyAfter an earnings defeat, Zoom is almost a buy again. There are many indicators that explain why I believe it still has room to fall.
I see Zoom hitting or nearing a previous low of $366. Here are the indicators that support my thesis.
MACD: Shows weakening bull strength giving the bears more opportunity to take over as the stock continues to trend down.
Divergence+: Shows no sign of bearish divergence and I believe the stock still has room to fall before retesting a new support
Bollinger Bands: Show that the stock is still at a strong buying point, but trending downward which supports the value to decrease
Kurotoga Cloud: With the candles just falling below the cloud, which shows support and resistance, we can see that a bear cycle is about to start.
Once MACD starts to trend up and bullish divergence grows, I will be buying in.
BABA Dip Buy Blink WinAlibaba should dip at the open on Wednesday based on the Bollinger Bands, and MACD. However if you look at bearish volume on the MACD you can see it declining. We are getting set up for upward potential. We are far from the moving average and resistance according to the Kurutoga cloud. Moving average is $271 while resistance is $282. These are accurate but Alibaba has the potential to outperform these numbers in the coming weeks. I look to Triple my BABA Call position during the dip tomorrow. IF THERE IS ONE. My predictions are just predictions, I am not an expert. I have been doing well though if you look at my past work. You will see my big wins and fails. Having a great time trading and I am very impressed with all the feedback I received on my first post about BABA. Follow for more and share your thoughts in the comments. I will update those following on my position. MEGA profits ahead of us!
Tesla To Rise Thursday Every indicator, every candle, and every piece of history shows Tesla going up in value this Thursday 11/12
I am going to deep dive this chart and explain my full analysis.
1. History repeats itself! If you look at the bullish divergence on 10/20 and 11/10 you can see they are identical set ups and on 10/20 the stock skyrocketed past resistance.
2. Bollinger Bands!! Show room for growth as the green line and red line have not crossed yet! Also a recent buy signal on 11/10
3. MACD: Blue and orange line just crossed at a low point curving upward showing growing bull momentum
4. Low RSI of 48.04 where TSLA usually runs around a RSI of 55.
5. Kurutoga Cloud: TSLA already started to break through resistance and could soar to $440 if resistance broken.
Wish me luck on my options call! I have 5 contracts for $420 by 11/20, I plan on selling during tomorrows surge and shorting AMZN