AMZN is currently 14% below ATH. The recent selloff is due to investor sentiment terming AMZN as a "COVID stock". However, AMZN's revolutionary systems and platforms as well as the recent change in CEO makes this a good time to buy the dip.
IBIO had a sudden rise and fall this past year. However, IBIO seems to perhaps be in the beginning of another bullish uptrend as positive news about IBIO's covid treatment was released this week. Within less than a month we can easily see IBIO hit 3.00, or even more. That would be just in time for earnings in March, which could possible act as a catalyst to...
Ford is currently showing what seems to be a possible flag pattern. There are two possibilities for a bullish trend: 1. F spikes due to earnings tomorrow or 2. F retests resistance in the next 2-3 days and if a rebound is successful then this could signal the next phase of Ford's growth. It all comes down to earnings tomorrow.
BTC retested resistance for a descending triangle in the previous days. It currently is in a bullish uptrend after rebounding.
Apologies for not posting anything last week. I was debating at the National Speech and Debate Tournament. This post will be focused on Invesco Mortgage Capital Inc. (IVR). IVR is a real estate investment trust that acquires, finances and manages residential and commercial mortgage-backed securities and mortgage loans. IVR will be announcing their quarterly...
This post will be focused on Acadia Pharmaceuticals, a company focused on treatment for Parkinson’s disease psychosis. ACAD Just recently touched what has been its level of support since end of April. From there ACAD jumped roughly 7% in what seems to be a strong uptrend even after a missing their quarterly earnings target. ACAD has touched resistance roughly...
Today I am going to discuss Akamai Technologies (AKAM). AKAM has had a great recovery since the COVID Pandemic, reaching prices higher than pre-pandemic. However, AKAM seems to be on the verge of a breakthrough. AKAM seems to represent a very familiar pattern in trading: Ascending Triangles. An ascending triangle is a continuation pattern consisting of a...
SNAP has had a great few days. SNAP has gone up 13% since my initial prediction. However, today we are beginning to see what may indicate a reversal. The 21 Weighted Moving Average crossed under the 50 Weighted Moving Average, a very good sign of a downtrend. The Weighted Moving Averages are widening their gap, a sign that the downtrend is about to begin. This...
Today (June 1) Boeing shows signs of a breakthrough. Despite the past few months being a rollercoaster for this airplane manufacturer, they may be coming closer to an uptrend. Moving Averages show a possibility for an uptrend. The chart shows two moving averages, the blue line representing length 21 (resolution 15m) while the orange moving average represents a...
This post is focused on taking a look at the rollercoaster SNAP had this week. My previous post on SNAP had predicted an upcoming uptrend crossing past the previously set resistance line (represented by the purple line). On Tuesday May 26 SNAP fell from 17.70 all the way to 16.50 (A roughly 6.5% drop). SNAP fell all the way and rebounded just as it touched the...
Today I will be looking at the State Bank of India. I believe that SBIN will be going up drastically in the upcoming years and theres a few reasons why. While I was looking at the history and trends regarding SBIN, I cam across much dilemma and confusion. The past few years did not seem to directly show any strong patterns of an uptrend or a downtrend. It seems...
I believe SNAP is going to go up within the next week. There are a few reasons for this. The first indicator that helps show this is EMA. I have overplayed a EMA-100 (Resolution 15 Minutes) to see the trend for the past few weeks. We can see that since March 29 the EMA has indicated a sideways trend for the stock. This can also be seen without the indicator if...
This is the backtesting of one of the most recent algorithms I have created. It is shown on bitcoin, however this algorithm can run on any crypto with any starting amount. Over the past 6 months, this algorithm has returned more than 124% of the starting amount. This is after the drastic falls Bitcoin experienced. Private message me if you want to know more...
This is the same RSI strategy as the previous post. However, I tested the strategy on Microsoft, starting from the beginning of this year. What's important to realize is how even using such a simple and common technical indicator such as RSI can allow for immense profit and return. This RSI strategy tested on Microsoft has a 85% net profit when run from the...
This is an RSI-Based Algorithm. It had returned profits even through the Covid-19 pandemic.