Audacity618

Audacity618

Watch energy to see if it bounces off these levels as the selling pressure over the last two weeks has been relentless with no bounces. Possible Bullish abandoned baby candle if tomorrow is a large up candle. Understanding the Bullish Abandoned Baby Traders watch for bullish abandoned baby patterns to signal the potential end of a downtrend. The pattern is...

Audacity618

Liking the volume and the new price action in the last week as SERV is bouncing off the lower linear red trend line. would like to see $18 in the next month. This is a technical play not a fundamental one; however, Nvidia and Uber investments provide some cushion to the lofty valuation. Serve Robotics, a $500 million company developing autonomous delivery...

Audacity618 Updated 

Palantir, a current darling of wall street, with impressive customer/revenue growth in their AI analytics platform along with impressive government contracts. It's easy to see why PLTR has been a great trade for 2024, but with a forward PEG ratio of +9 and forward P/E ratio of 236 for fiscal year 2025, no wonder most fundamental analysts are saying stay...

Audacity618

NFLX is on my short radar and given today's pullback candle after a divergent 3rd wave up. I'm expecting further pullback on any weakness in the market this week; perhaps after a bad inflation data. Looking for a drive below $900 and lower ultimately around $865 region in the coming week(s).

Audacity618 Updated 

Roku will be bought for a large premium in the next year, says Needham analyst Laura Martin. Price Target $95 short term after a clear breakout above the recent $80 price levels.

Audacity618

I believe Ethereum will be the tokenization network of the future and the road map to 50K by 2026 is intact. Ethereum's development roadmap presents a bullish outlook, emphasizing scalability, sustainability, and security. The shift to Proof-of-Stake (The Merge) reduces energy consumption by 99%, appealing to eco-conscious stakeholders. Upcoming milestones like...

Audacity618

Breaking out of a yearly downtrend on decent volume. Under 2B valuation EV aviation firm with room to grow. Possible buyout target company. Just announced a new sale of stock that temporarily knocked down price below $5, but investors are shaking off the dilution news and pushing price firmly above $5. Short term target -> $7.50

Audacity618

I think Apple can push a 20% stock move from their recent AI announcement that kicked off on June 11. I don't think there's any appetite to sell or short when AI is melting up right now and now APPL joined the play. I think a move to $230 is reasonable. Breaking out of the 2 day flag pattern today. 15% envelope above 21 ma was last breached in the summer* of...

Audacity618

Very disappointing to see small caps give up all their gains from the CPI report on July 12. I also don't think the damage is over and we'll quickly see capitulation down to the lower trend line. Possible bounce from there depending on how the capitulation takes shape.

Audacity618

Just a beautiful trend line on a Lidar small cap company. Fundamentals are bad and long-term trend is horrible, but I like this short-term logarithmic trend line.

Audacity618

Surprised to see IWM fairly restrained in this upward trend as long term interest rates dropped significantly on todays CPI report. Really expect to see a quick catchup over the next few days as SPY and QQQ make new highs.

Audacity618 Updated 

Long term bullish on Utilities, but this is quite the move over the last few weeks. Looks exhausted with the latest Friday candle forming a -> dark cloud cover. Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this. Trade: Short term pull back -> bear credit spreads

Audacity618

TLT long term bond ETF ripe for a swing trade to $92 coming off the 1. Hard landing concerns -> Treasury Bond Rally (TLT) 2. Faster Fed Rate cuts -> Treasury Bond Rally (TLT) 3. Inflation Dropping -> Treasury Bond Rally (TLT)

Audacity618 Updated 

I see this reassuming an old down trade from resistance 1 trend line. Short Squeeze pop over resistance 2 trend line provided the opportunity resume down trend.

Audacity618 Updated 

A lot of good news baked into the current stock price, looking for a modest cash out of holders to send the stock downwards as technical momentum starts to sours.

Audacity618

Not sure if I understand gold's fundamentals and why gold is still high with real rates staying higher for longer. With rate cuts off potentially delayed, off the table, and even potentially going higher I would assume gold would of been impacted already, perhaps geopolitical tensions kept it higher. Would like to see this unwind now from a technical breakdown...

Audacity618

Don't miss out on the rest of the run just because you missed the first move. *** Price action breaking above the 200 moving average after a healthy move that sustained *** Plenty of head space to upper resistance *** Lagging SP500 and NASDAQ

Audacity618

Equities historically will bottom and retrace about 6 months before the bottom of a recession, catching most traders off guard on the next bull run. I particularly like that SPY has cleared the downward trend line that started January of 2022 and was broken this Thursday and held this close of Friday. I would like to see a continuation of cautious daily gains to...