Thankfully I sold my calls on this when they were up a few hundred %, didnt get to hit price targets as tech stocks corrected. Head and shoulders forming nonetheless.
A potential head and shoulders is forming on an over-heated INTC.
Link I have been averaging into during this long consolidation. It looks like there is a trend reversal on the horizon and the first key resistance is broken on the daily chart. This looks pretty bullish to me.
ACHR is both a long-term hold and a stock I play options bounces on. This purple line has been a resistance and support key area for multiple months. If we bounce here it should be powerful.
Riot is one of my long-term DCAs I recently switched from mara which I got very cheap during the cycle bottoms. 9$ is a steal for riot who has better fundamentals, 8.8$ is the next key area in my opinion for a bounce.
Looking for AVUV one of my long-term holds (lifetime holds) to bounce around the red region if not, its DCA mode all the way down.
VZ is one of my recession plays I have been averaging into on that big red candle. I am not very concerned unless it breaks below 32.2$ ish. Regardless I will be hodling this stock through recession fears for a 2-3 year hold possibly longer if they pay down some debt.
BHP loves to range between these two blue horizontals. I tend to add around the lower bar and just hold this long-term.
PGY looking like 1.3 UPCOM:ISH soon broke channel, next key area is around 1.3$.
The huge cup and handle is about to resolve on BTC as multiple resistances collide around 26k. I am very unsure of the direction but am expecting a strong wash downward to wreck longs followed by an upward resolution and explosion of cup and handle wrecking the shorts. I expect this to play out tomorrow or Thurs with Green Friday.
SPY dipping as expected with the h&S on Apple playing out. Apple alone can crash SPY with no help. Tech is selling off in abundance. 424$ is looking like a bounce or last line of defense. I am expected a few more dollars of drop and a strong rebound into late week.
RTX had an irrational sell off based on a potential 3 billion dollar cost on the recent engine problem with Pratt and Whitney. Meanwhile the stock which has been a key player for decades and lost over 20 billion in market cap in two enormous gaps. The stop-loss would be a 5% drawdown, and gap 1 a 15% upside gap 2 over 30% upside. Obviously the jet fuel play would...
HD looking to drop to 302$ ish, maybe slightly further using the teal diagonal line. HD is one of my long-term dividend/safer holds that I plan on holding for a very long time. I use these charts to help with entries and DCAs after deciding on my thesis. HD has had 3-4 amazing opportunities on the purple support line which is where I started to build my long-term position.
PYPL looks to have double bottomed after a massive sell-off for a rather well performing company. Yes the growth has finally slowed, but does that justify historically low PE ratios and the current valuation 5x off of highs? I do not have a position yet, but this would be a strong risk-to-reward entry for a likely double bottom, spot, calls and generally being...
I do not hold VHT but instead the vanguard healthcare mutual fund as a play on an undervalued sector of the market. Many key holdings are down 40+% including Pfizer and I believe this is a great hedge for a recession in the coming 2-3 years. I have used this VHT chart to help with my entries around the blue line initially and marching up the bounces of the red wedge.
BTI loves to oscillate between 32$ and 45$. A simple strategy would be to enter around not spot and hold through a quarterly dividend. Jet fuel in calls could also be applied to lever the bet. A >8% dividend is nice these days in this uncertain market. The company has heavily pivoted to vaping and does not need to rely on American markets.
Looking to enter BJs as a Cost competitor, has growing fundamentals, breaking old resistances, momentum is building.
A recession play I am heavily eyeing, the orange horizontal is an absolute buy for me based on prior resistance/support and fundamental valuations. Even the most conservative label DG fair valued here, most calculations put it at a 35+% discount. DG tends to perform best in recessions, but fall leading into them. With their new smaller layout store action plan...