Get started

Stonks

What will it take for Stocks to Break Out??Stocks have retraced a bit from relative highs. The Kovach OBV is strong but has leveled off suggesting that we could range a bit at current levels. It is highly likely that the S&P will form some sort of consolidation pattern, either a wedge, flag or sideways continuation before the breakout. The retracement was paltry with respect to our expectations. The level 3909 seems reasonable if we dip further. If not, there is 3937. Look to the open for signs of momentum, and watch 3987 for resistance. if we see a lot of buying at this level then we can expect a breakout.
FX:SPX500Long
by quantguy
Is Analog Device Next To Rise? This Algorithm Is Pointing...I have changed up how to best display projected movement. In the case of ADI, 3 of my algorithms signaled a BUY on March 26, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:ADILong
by StockSignaler
Understanding the Bullish Area on MMMUnderstanding the Bullish Area on MMM - On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios. - We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone. - The % we expect from the beginning of the movement is 19%. The expected duration of the movement is between 100 and 250 days - During the movement, we can expect corrections to provide good entry levels to catch some % of the 19% expected movement. Thanks for reading!
NYSE:MMMLong
by ThinkingAntsOk
Stocks Reject Highs!!The S&P has continued to climb, and we have met relative highs again near 3987. However we are currently facing resistance here. We saw a swift rejection from these levels and have just breached the vacuum zone after breaking 3963. We will see support again at 3937 and 3928. It will take some momentum to break through these relative highs which will provide significant resistance after this most recent rejection. It is more likely that we will see some ranging behavior over the next few days bounded from below by 3867. We should see a consolidation of volatility which will precede a breakout.
FX:SPX500Long
by quantguy
1
Stocks Get a Much Needed LiftStocks caught a lift at market open. We've reached 3978 before facing a bit of a retracement. The Kovach OBV is strong which could suggest momentum is back. It's about time the malaise lifted for the S&P. We still need to break relative highs at 3987 to be considered properly bullish. We will definitely face resistance here. Then the next target is 4009. It is looking a bit overextended at the moment, so a pullback may be anticipated before we can break out. If this is the case, we could see levels as low as 3909.
FX:SPX500Long
by quantguy
Apple Inc (STOCK: $AAPL) Exhibiting A Golden Pocket Setup! We Expect Apple Inc. (STOCK: $AAPL) To Continue To Outperform + PRESS RELEASE January 27, 2021 Apple Reports First Quarter Results Revenue up 21 percent and EPS up 35 percent to new all-time records iPhone, Wearables, and Services set new revenue records Cupertino, California — January 27, 2021 — Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. International sales accounted for 64 percent of the quarter’s revenue. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.” “Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.” Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. The dividend is payable on February 11, 2021 to shareholders of record as of the close of business on February 8, 2021. Apple will provide live streaming of its Q1 2021 financial results conference call beginning at 2:00 p.m. PT on January 27, 2021 at apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.
NASDAQ:AAPLLong
by Bullishcharts
8
Understanding the new situation on NIOWe have been making several analysis + execution ideas on NIO, and we have been able to avoid low-quality setups by waiting for the right moments. (to make the most of this post, check the link to related ideas to get an idea of the whole process from the beginning) Today we will retake a look at what is happening right now. After breaking the descending trendline (inner yellow line), we wait for the corrective structure on the edge of it (white line). However, the price kept going lower without executing our setup based on breakout movements. So, which is our perspective right now?: Our main idea is "Only trade if the price breaks the key trendline" and then wait for the price to make a formation on the Trading zone. We will better explain this concept with a new image. Here you can the ideal movement we will be waiting for. If that happens, we expect to find an opportunity with a Risk-Reward Ratio above 2.5 (that means that for every dollar we are risking on this setup, we are aiming to make 2.5USD) What happens if the price does not break the white trendline?: Then the next zone we should expect to reach is the support zone at 32.00 (that would be something to pay attention to because if the price goes below that zone, we will enter on a situation where the price will have lost a key bullish zone and as a consequence more bearish pressure should be something to think about it. Conclusion: Our main trading philosophy is to wait patiently for movements that we consider high-quality situations. In this case, we have our bullish template, and we will only trade if that happens. Otherwise, we will protect our money by avoiding confusing situations. If you have any doubt or ideas, please share them in the comment box! Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
Best Stock Trading Ideas!!Stocks took a significant hit yesterday. We stressed that they would find support around the 0.500 Fibonacci level and that was exactly where they found support. Subsequently a rally took us back to the 0.786 Fibonaci level at 3933, also a level we highlighted yesterday. The S&P appears to be forming another pseudo-megaphone pattern, 'pseudo' because we are not seeing higher highs, but we are seeing volatility increase, so the 'spirit' is there. The Kovach OBV is flat but at highs. This could be a sign that we are coiling up for a bull breakout. It also could mean we've peaked and are ready for further retracement. If we are ready for a breakout, watch 3963, otherwise we could retrace back to the 0.500 Fibonacci level at 3860, or even past this, extending the megaphone pattern.
FX:SPX500Long
by quantguy
1
Stocks Continue to RangeStocks retraced back to the support 0.618 Fibonacci support level at 3890. They are continuing the rather narrow range between this level and 3963. The Kovach OBV was strong but has flattened. It really could go either way at this point. Another retracement could take us to the 0.500 Fibonacci level at 3860. A rally would have to break 3933, before we could consider highs at 3987 again. The longer we range, the more probable a breakout is. We should see some conviction either today or tomorrow.
FX:SPX500
by quantguy
1
S&P Ranging, Looking to BreakoutStocks retraced and are correcting sideways. We had a fairly risk-off/neutral day yesterday. The level 3890, or the 0.618 Fibonacci level is definitely providing some support right now and seems to be a lower bound for now. The Kovach OBV is trending up but has flatlined slightly. It could go either way from here. Further retracement could easily take us to the 50% Fibonacci level if 3890 does not hold. A breakout could take us to relative highs at 3987. We are maintaining a pretty narrow range at this point suggesting that stocks are ready for a breakout either way.
FX:SPX500
by quantguy
MA bounce off long term support, PT: 400+11 minutes ago Although I am not very bullish on the market as a whole, I see this as very good opportunity to grab some long calls for MA. With MA being a very stable company, I do not see why they would drop anymore than they already have, also its been following this support and resistance trend for the past 5 months. The way I will be playing this is on a clear break of 361.70 resistance, I will grab some 4/16 365 calls. My price targets are listed above on the chart also: PT1: 365.43 PT2: 373.37 PT3: 384.30+ (free runner) Again I will say, I am playing this very wary due to the awful market conditions we are in so if you play this with me, please use a small position as I will be doing the same! Goodluck! NYSE:MA
NYSE:MALong
by stockmankam
Stocks Slump Amid Virus WoesStocks are struggling, and it appears virus woes may be putting a damper on them. The S&P made a run for 3963, but fell just short of this and retraced back down to 3933 or so, which is a Fibonacci and technical level. We should see support here, but if not, 3890 would definitely provide support. We will find further support at 3860 or so. The Kovach OBV is rounding off suggesting that we may be in for more bearish momentum, or at least some sideways trading before momentum comes through to attempt highs at 3987.
FX:SPX500
by quantguy
1
We are ready to set pending orders on NIO We are ready to set pending orders on NIO We have been making multiple analyses on NIO with the idea of taking long setups if the situation developed as we expected. Now the filters we created are 100% finished, and we will develop bullish setups towards the next resistance zone (Check the link to related ideas to see how this process went from 0 to the current setup we will take) -The price has bounced from a key level (Support zone + ascending trendline) -Now, we will set BUY STOP LIMIT (GTC) orders on the breakout of the current flag pattern (that means that we give a range of execution, in this case, is 45.46 -45.88) -Our Stop loss is below the Flag pattern; if we are wrong about this trade, we want to cut our losing position there. (in that case, we will lose 1% of our trading capital, Risk management is a key concept that difference profitable traders from unprofitable ones) -Break-Even: This is the level at which you want to protect your gains once the price goes in your favor; in this case, if the price reaches 50.27, we will move our stop loss to the entry-level -Take Profit: We will close our setup on the next resistance zone at 54.43 (Why there? because we can see selling pressure on that area, and we will be more than happy with a 1.75% of profit in our accounts) Duration of the setup: If the setup is activated, we expect a 10 to 15 days duration Where to cancel the setup: If the setup is not activated and the price reaches the stop loss zone, we will cancel the setup Finally, we will close this Idea with a great quote from the book "Trade like a stock market wizard - Mark Minervini" Can you believe that an investor of Mark’s stature is right only 50 percent of the time and has still made a fortune! That is due to his use of risk management.
NYSE:NIOLong
by ThinkingAntsOk
2
Stocks Pull Back on Geopolitcal TensionsStocks retraced in the Asia-Pacific session due to geopolitical tensions in Myanmar and Turkey, to the 0.618 Fibonacci level, anchored at the relative high at 3987, and the low of our head and shoulders from which we saw the breakout at 3733. We are getting good support from this level but further fallout could take us to 3860, which would be a 0.500 Fib retracement. The Kovach OBV is receding a bit, but not to extremes. Thus it is likely we will find support at one of these Fib levels. We will face resistance from 3933 first, then highs at 3987.
FX:SPX500Long
by quantguy
What Does The FUTURE Hold for AMC Entertainment (NYSE: $AMC)?!🤑AMC Theatres® (NYSE: $AMC) delivers distinctive and affordable movie-going experiences throughout the United States. The company maintains a significant presence in the top 50 DMAs, including the number one or two market share in each of the top 15 DMAs, which includes New York, Los Angeles, Chicago, Philadelphia, San Francisco, Atlanta and Dallas & operates 22 of the 50 highest grossing theatres in the United States, including four of the top five.
NYSE:AMCLong
by RedHotStocks
9