Price has been falling since November 2021, no signs of turning back up, and massive bearish patterns on all timeframes. Most likely to keep falling along the descending channel. TP $50 (why not?). SP outside the channel and wide. I'll hold this one 3 or 4 months.
ZS has been forming a bearish flag since May and is ready to break down very aggressively. Open a small position now, if the weekly candle closes breaking through the flag add more the next week. SP around 175.
Price is forming a bearish flag since February and is about to break down. LMND reports earnings tomorrow, this could trigger the price to break the flag, but it could push the price high as well. I have a short position, I don't think is going to report good earnings, even if it does and the market pushes the price up, it would be a good opportunity to add to my short.
I posted previously to go short in SPY. I'm not sure now, looks like an inverse HS is forming. I still believe that is going to pullback to the $380 support level. I'm still short but if it pulls back I'm closing my short position.
The pair has been testing resistance at the 87 level since March. Looks like this is the one. Not sure but it is worth the shot. I just opened a long position.
Price is testing a strong support and at same time is oversold. Last time this happened it skyrocket. I'm opening a small position and if it closes the week above the 100 level I'll add.
Here is another view of the small caps index. I posted previously a big drop (see my related ideas lines below) however there is this uptrend that need to be broken to finally say that we are in a bear market. At this moment the market is still deciding where to go. I personally prefer to buy stocks with great potential to the upside instead of shorting. I made...
The charts tells you everything. Price is testing the strong resistance ($400 level). I don't think is going to break it. We are still in a bear market.
Gold is nearing strong resistance. Wait until the price is rejected, it will probably try to break the resistance more than once, but I don't think it will before a correction towards channel support.
Price may test the broken support of the double top. I just bought some puts anyway expiring in February, strike price $180.
I really like this stock. I'm holding hundreds since several months ago for the dividends and is a cheap stock (Yield 9.58%-$3.54 a year). This is the perfect time to buy and hold forever. Here is the strategy that I do, is very simple. Just buy at least 100 stocks, and keep buying on a drop 100 more and so on depends on your risk tolerance and cash available....
Looks that the market likes industrial stocks during crisis. The DOW is bouncing off the previous resistance now support.
See my previous post. I'm still holding, like a mentioned before this is going to take some time to build up. I'm willing to wait because if it breaks out is going to be massive.
The pair is building up a big come back. It's going to take some time, be patient. The reward is big too. I opened a small position and will accumulate if a see the pair trying to break the resistance. I don't want to miss the break up.
Price is oversold in the weekly timeframe and has already bounced off twice the strong support with lots of volume the two times. Is very early to tell if is forming a double bottom, but it looks that market doesn't want the price to go lower under the support. This a long term holding, maybe a couple of years but the risk reward is too good to ignore it. On the...
Price has been testing the mayor resistance for a year, and trading for a month just there below it ready to test it out again. I think this time is going to break it. I have a small position and a wide stop loss. If the price breaks through and closes the week above the resistance, ~204 level, I'll add.
Interesting setup. Price has been accumulating since August 2022, I may need more accumulation but I'm willing to wait out. I have this in my long term portfolio, when it breaks is going to be violent.
Check my previous post below. Good time to add or open a long position if you missed it before.