When I look closely at GS, I can't help but get a nagging feeling that we aren't done with downside yet. In my earlier notes, I expressed my desire to buy at the 212-208 region, and when I re-work my calculations, that precisely what I still want to see. Earlier this week, I mentioned that GS was approaching supports. I am currently of the opinion that the...
As labeled, expect a visit of the first or maybe the 2nd support level, I plan to take positions at each of these supports with a stop just below, and target the 2 target levels mentioned
Looks like a great place to take a high reward/risk to the long side
My new cycle analysis also is very bearish on XOP
Think this is the more likely possibility at the moment - with all the bearishness out there on this stock. Think we see another calamitous drop into the 19th of April 2019, but till then I would not be surprised with a move into 258. However, I am not going long here, until the gap is filled, and I look at how the stock takes that
Of late, I've been expanding my toolset with some cycle analysis -- so far it's pretty new, but I am excited when it lines up with my price based thesis. In any case, the cycle analysis says that we are due for a buyable low, only next April.
While I have previously been a pretty big TSLA bull, I think the odds have now rapidly shifted against the bulls. If one looks at the cycle chart here, the green periods are good for bulls and the red periods are bad. So far we are still in the red period, AND we have a price cap of 420. IN FACT, I am likely to even enter some longer term puts (since they are...
To me, twitter looks at a good r/r for a long attempt as detailed on the chart
I expect that we get this next month - although there is a chance we have already got it. I will be waiting though.
If the previous low holds, I fully expect a visit of the symmetric target for 3, sometime next year
I really like this long on the back of today's very impressive strength, think we can fill the gap around 60-70 region
As mentioned in previous post, I got some shorts at 7411 but not looking for the triangle to be completed to the downside -- in fact, I expect it to find support in the 7350 region (i.e the red lines), and then rocket off to 7480
I think we might get an opportunity to buy GS sometime next week, if it goes to either of the lower two yellow lines. Expect a 1:1 measure move target in the 250s
With the break out of the bear channel, a consolidation and then a 5 wave move up, I am on the lookout next week for a decline into supports where I plan to go long for the next leg higher.
Its consolidating very bullishly at the rim of the larger triangle -- I will look to get some if it conveniently retests the lower rim of the mini triangle
I plan to buy at the buy buy buy box
Ok, from what I am seeing, we are consolidating bullishly -- targetting 7450ish
I think we will be heading lower over the course of the next day or two, as long as the upper trend line holds. So nice R/R here for a short IMHO