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We are definitely going to see a plunge down after earnings.I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this October if you look at their SEC Q-10 form filed. I think that's definitely where we'll see the plunge to the mid $20's. Every other linear regression line I've plotted with different extreme lows and highs from 1990 till now, have it within the $35-$40 range. I've written some CC's and bought puts to collar my trade expiring deep into 2023. I go my parachute ready lads, I suggest you guys do the same.
NYSE:AAShort
by IntheEndWeDividend
1
updated NYSE PANIC AND TARGET OCT 4TH/20TH 10781/9609 Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
TVC:NYAShort
by wavetimer
Nike is the New K-Swiss? Sheesh! A reach, or plausibly true?Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation. Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game because of the social reward it brings. The pandemic for sure snuffed that. Kids love tablets. Kids love Fortnite. As a matter of fact everybody loves video games and social media, as the human game moves from social to individual based lifestyles. We're moving into a main character world society. So I see Nike either becoming a pure fashion house which is crazy, or just becoming a ranging chart eventually priced to hit zero as Nike fades away. I think for any of these legacy brands that can't keep up with a static high quality product that stands the erosion of time. Look at Hermes, the pricing on that stock is ridiculous, with neutral technical readings. What do you think? Green, potential growth - Nike acquires supply chain integration that overlaps reseller industry while maintaining green business model. A new shoe tech maybe . But what tech can nike implement into its approach that can really groundbreaking without setting a new pricing model for its products? Yellow - Nike is still cool but can't seem to shake new innovations by competitor entering the space. might get stuck in a outdated fashion model as 2 - 3 new generations of humans entering grade school might think nike is for lames. thats if kids even care about streetwear at that point. Let's not forget with any trend, they end or restructure itself. Trends are subjective to value by herd mentaility. Red- Nike becomes the new K Swiss. I think this will also correlate into the new interest of the incoming generations whom all seem to be or will be metahumans. generation meta. the generation that will only see value as intrinsic, but that's a maybe and very speculative. Nike is only seemingly popular in social environments where it reigns supreme. The kids only like dunks. Jordan branded nonndurables are just ehh. Honestly when it comes to apparel brands, personally I don't see myself engaging any non durable seriously. PS: Had to republish due to House Rule Violations.
NYSE:NKEShort
by SolidWetFX
PBF Energy Inc Triangle BreakoutThe idea here is about PBF Energy Inc: PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil; petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products. The Logistics segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and logistics assets. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a weekly & daily Chart: 1.Contracting or Symmetrical Triangle breakout on a weekly & daily chart at the time of publishing as per below: 2. Double Bottom formation under process at the time of publishing as per below: 3. Bearish Navarro 200 harmonic pattern CD leg in progress at the time of publishing as per below: 4. Trading way above 20 & 200 EMA on a weekly & daily chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on weekly chart is Strong for an upward momentum at the time of publishing. However, Kumo twist on daily chart is weak & kumo breakout and kumo twist is neutral on monthly chart at the time of publishing. 6. RSI is at 58.59 on a weekly Chart and 61.02 on daily chart at the time of publishing. 7. MACD above signal line on daily chart & below signal line and converging on a weekly chart. 8. Hull Moving average is sell on daily & monthly and other moving averages are strong buy. However, weekly Hull Moving average & other moving averages on monthly chart is a strong buy. 9. ADX (Average directional index ) trend strength is at 14.37 on a weekly and 24.83 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern. Trend is flat at the time of publishing. Target: Provided in chart for double bottom & bearish Navarro 200. Stop Loss: Provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NYSE:PBFLong
by Tron029
$SPX June bottom test. Up now or 40pts lower to weekly 200ma.Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in. Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish engulfing candle. Though remember, outside candles only trigger more selling if the low is broken, so that remains to be seem tomorrow. This chart presents a unique view of SPX using Heikin Ashi candles. White arrows mark turning points that correspond with RSI(14) dipping below 30. In the bottom pane I have included MMTH, a market breadth indicator. If you look back further on a weekly chart, MMTH normally is reliable for a turning point in markets. While I would like to give weight to the bullish reversal today and think that markets will rally again in the next few days, I am using extra caution in my trade planning. Unfortunately, it seems this time around is not the "normal" that most traders are used to. Do not become biased by posts about historical matches and repeat patterns.
SP:SPX
by OptionsRising
4
AbbVie Inc, ABBV NYSE 4HNYSE:ABBV rsi in the oversold territory, which is starting to reverse to the bull side, flipped bullish on a micro timescale, falling wedge, breaking out to the upside, first target 140.75, then possible retest before 146.26. we've been in this long term downtrend channel since April 2022, I expect to break out of it, once we test 150.36 flip it as support then go for for 175.89 previous April top. fundamentals and news tend to effect this stock a lot, so with positive momentum and good news. bullish times could be ahead. Bear scenario is we test 125 before a full reset. For the current quarter, AbbVie is expected to post earnings of $3.59 per share, indicating a change of +7.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.2% over the last 30 days. The consensus earnings estimate of $13.90 for the current fiscal year indicates a year-over-year change of +9.5%. This estimate has changed +0.2% over the last 30 days. all this is just my opinion , none of what I say should be taken as financial advice. DYOR Regards Percy
NYSE:ABBVLong
by TechnicallyBullish