MELI I have been watching for a long time. This dip is a great opportunity, the stock was testing a long-term channel breakout, now it falls to the median. Their earnings are heavily misunderstood. I believe they purposefully kept EPS down to invest in their long term payments business, they needed cash collateral for risk on debt they services, this debt is high...
Adding to my SUPER bags here as I consolidate some losers into winners. I am taking some AVAX, SEI and ROSE into Super today as it consolidates between these two fibs. Tokens that are lower lowers on the monthly vs. BTC likely will not move much compared to trending tokens. Super is my largest gaming bet, and now after these additions my largest altcoin holding....
BKGN has rather quickly hit the golden fib, a rejection candle arises. The stochastic and daily RSI are overheated. I expect a pullback to 4160. This would be healthy for future reasonable growth. Volume is also falling on average. The 5 EMA is also vert far from current price, the stock needs to revisit. I have seen many a titan reject at the golden ratio...
Hims is a position that has a lot of controversy but I am bullish. Lots of volatility rewards the patient. I have added a daily demand zone as we approach earnings and the conclusion of the election. We have already seen a very strong bounce from the buy zone and I have played my cards accordingly. I love seeing the stochastic RSI this low leading into earnings....
I love these demand zones for dip buys, you'll usually note that mostly wicks touch these but candle bodies closing within are usually great opportunities, or a sign that a longer time frame demand needs to be looked at. We see a very bottoming stochastic RSI here, and a completely loss of the 5 day EMA. My plan: Sell aggressive pivot point CSP here around...
BTC needed this reset imo, this will cool off the momentum indicators on the monthly and weekly as we run into elections. My plan here is to set limit orders within the buy zone indicated by the rectangle. The horizontal channel is forming and the blue 5 EMA is likely to be lost for a day or two, this is bullish consolidation. My plan: 1-2 days of bearishness...
BTC is now ranging in a bullish consolidation above key levels. I have added what I see to be a new horizonal channel, these are much more reliable than diagonals . The blue moving average is a key touch zone and should slowly move to trend. This stochastic slowing is important for cycle continuation, if you look at the monthly chart the reset is helpful. We are...
We are going to experience a VERY volatile week here. We have a huge earnings week with massive growth and value companies on the list including coin, hood, alphabet, amazon and meta. The week leading into an election is also usually very volatile and ridden with fear. I still expect Coin to take off here, with the positioning of BTC closing a full weekly candle...
Bitcoin is poised to close another weekly above the key trend breakout. With a full candle body above this is bullish. We will have to wait until Sunday close to be sure, I had a feeling the downside wick would come and it got eaten up pretty nicely. This gives us a nice reset of the daily stochastic RSI and will allow for a larger run on the weekly. We are just a...
As intel searches for a catalyst to extend this initial pivot I believe earnings may provide this. With the stock recently trading as low as .6 price to book, I believe it remains undervalued. Remember there is a right price for any stock that makes money or is about to make money. My short term target is the 20 week moving average around 25$. I still believe the...
An updated demand zone on a stock I love to sell monthly puts on. I search for 27-8$ dollar entry for my newest position but I might buy shares outright around 30$ since I believe Coin and BTC are going to heat up. The weekly stochastic RSI is just opening up and BTC is 8% from ATH. Short-Tem 44$ EOY 52-60$
Amazon is now my largest position in the long term portfolio. I have been adding heavily after that market dip a while back. The stock is forming a new momentum trend line and reaches for the supply zone that started the downfall. This is partially because Bezos has been selling at 200$. I search for a contraction leading into the supply box on this rising trend....
After taking a couple small losses on other plays my TSLL trade paid off hugely. I was selling puts from 11$ down leading into this week and buying commons around 9.5$. I was able to have my shares called away Friday for 13$ which gave me 320$ share appreciation per 100 shares. Reviewing this chart: We see a double top of which I called both despite the cult...
PLTR I have been waiting for this trade for a while now. 40$ is a great psychological level, the stock is tremendously overvalued whether youre a fan or not. I personally do not like the company nor do I generally trade it. Much like my TSLA short I just did that played out nicely here we are again on an overheated cult stock rising into resistance and an...
After careful consideration I have added a new stock to my long-term fidelity account. I am very picky about what I allow into this account. I have started a position in Lam research on this basing of the 100 EMA. I note a rising stochastic RSI on the weekly and a pickup of volume. Given that this market is cyclical, I believe this entrance point is poised for...
BTC is finally attempting to break this downtrend after months of sideways and down. I have been selling puts on CONL (coin) in anticipation of this breakout. On the daily chart I look for multiple closures above the trend line and in between the zero fib. I still expect 80k within a month but we will see the market seems to really be taking its time with this...
Although Apple tends to exceed expectations on every earnings call, I believe this setup looks bearish. A standard wedge which is one of my most favored setups to evaluate. Steadily falling average volume with a low but not bottomed stochastic RSI. I did mark what I believe to be the general bottom on stochastic for Apple. The OBV has been tested many times, look...
Celsius had a nice pivot around my entry time, this is likely on neutral/positive Pepsi statements during their earnings. I expect the stock to test the 20 EMA on the daily and this narrow demand zone. There is a fair amount of resistance around 35-36$ but my initial PT remains. Note rising volume, this is very important for sentiment shift. My plan: I will sell...