GOOG on the daily time frame showa a cup and handle pattern beginning at the November 21 high from the uptrend out of the Covid "crash" Price has printed the cup and returned to the same price level of about 150 ; A handle is forming now. The cup and handle pattern forecasts a bullish continuation from that price level to the extent of the height of the cup....
GOOG as shown on the daily chart has completed a cup and handle and has the momentum of moving up to its previous ATH set 2/1/24 and November '21. This could forecast bullish continuation to add $50-70 onto current price as so 30% onto the market cap. GOOG has been relatively stable in the current general market environment. Earnings are coming in three...
KHC is a consumer staples, not a high flyng tech stock. Content to grind out a trend and take its time, it now looks to rise from sideways action since the last earnings. It is approaching the anchored VWAP where the big players sit waiting to pick up shares in the high volatility and volume zone and so earn a living from other traders who are not as savvy....
As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related...
Shiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps time for a rest. The chart shows the breakout and then extension above the VWAP lines that are trying to catch up. In proper risk management. I will take half the position off...
Dogecoin on the 60 minute chart has been in a good trend up for more than 36 hours. Moving averages have been diverging but price is now falling in a pullback to the SMA21 and EMA21 while the EMA 50 continues to trend higher. The relative strength look back is solid green. I see this as an excellent point to add to Dogecoin with the risk being the market cap...
ESPR on the 120-minute chart is surging with momentum from an FDA approval for a new cholestrol and lipid medication which will be an alternative to the at statin class which has side effects and can cause diabetes. I am familar with a few of the professionals on the science advisory board they are researchers and academics of the highest claiber. The...
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
RTX is part of the boom defense sector thriving because of back orders created by the Russian war against Ukraine. No matter good earnings it fell this week because of the defense budget debate in Congress. No matter good intents to rein in the defend spending escalation and spend in other areas such as social and infrastructure, Russia has made the world...
HIMS had an excellent earnings report for a small cap company; it is consumer driven quality focused and helps the customer feel good about him/her- self. It does not have any gender orientation agenda nor any obvious political inclinations. On the 120 minute chart, it started a moving averge convergence about a week before earnings. The Greeny TTM...
DELL reported earnings 27% beyond the estimates and traders reacted. The indicators show that relative volume was about 10X the running moving average. The RSI dual time frame indicator ( by Chris Moody) showed a 50-level cross-over on 2/22 one week before earnings. That was the best early entry and price is up 20% higher since then. The question is whether is...
DELL has risen and is now at its all time highs. Apparently, its server intrastructure business this thriving. It is chasing SMCI and does not have the high valuation ratios that make SMCI look overextended. The indicators document the up trending price action. A price forecast algorithm has DELL rising into a high pivot on April 18th with 35% upside to...
TLT has been in a broadening wedge and formed a falling wedge within the larger pattern. Price bounced off the lower supoort trendline in the mid-morning of trading then rising to break out of the falling wedge. I see this as an opportunity to take a long trade in TLT and close out a TBT position at the same time. This reversal may be due to the value...
UVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing volumes lend support for bullish momentum as does the fear that rate cuts may be postponed the the market's bullrun may stall and correct. This chart is left clean with only trend lines drawn in recognizing that quite a few traders only have a basic subscription on...
EURUSD is currently sitting at the price level from which it reversed in mid-December as well as mid-February. Price is at the second lower anchored VWAP band line which adds confluence to the support. From here, price should move toward the mean VWAP. Upside to the target mean VWAP is about 1.25%. The RSI indicator shows weakness and an undervalued /...
AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5 days. From here I expect a move toward the upper first and second VWAP lines and so will take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP +2) The stop loss will be under the mean VWAP at 0.6515.
CZOO shown on a reliable daily chart had an earnings report beating the estimates back in November whereprice action trended up then down in January followed by sideway action then finally a break out through VWAP band lines and the entirety of the high volume area of the profile. Ahead above is a volume void where price moved quickly coming down.. On the...
TMF on the 4H chart is set up at the bottom descending support trendline of a symmetrical triangle in the approach to the apex. Price appears ready to reach for the upper descending resistance trend line and the Echo Indicator ( Lux Algo ) makes that forecast. Current ambiguities in a rate cut soon upcoming will make values of Treasuries a complicated...
