Been following the down trend all week finally some momentum is occurring. I'm in this with multiple spreads.
I usually don't like to post the ideas of others. You can't learn if you don't make your own mistakes and there is no satisfaction of accuracy if it isn't your idea. I did like this forming a bullish triangle with earnings on 11/1. As always I look forward to your comments for or against the idea.
A closing candle above a level will go to the next level. Levels of resistance are: $233 - $235 = $239 I linked my idea from the previous week which went according to plan. hopefully this week will be the same. As always I look forward to your comments for or against this idea. Have a good week.
*** RECAP (Link Below): Hoping the current uptrend continues and we see $100-$105 the week of 10/12. **** Actually went to $109 This is my idea for this week 10/19 We will continue along that same channel breaking those resistance lines which I adjusted. I do see another ascending triangle forming (I didn't draw it out) but no confirmation. As always I look...
I have been following this one along with BIGC for quite sometimes dont know why I haven't shared this before. I noticed the end of the week candle closed at the bottom of my ascending triangle. With earnings 11/8? I hope we bounce and began that run up. Don't mind my pitchfork I am trying them out instead of Fibs. As always I look forward to your comments for...
With earning on 10/28 I believe we will blow through the $45.85-$46 Resistance. I suggest waiting for closing candle(s) above those resistance levels is key to great entry. As always I enjoy seeing your comments for and against the idea.
I was a bit too bullish on my last NKLA idea. I pasted the link to that idea below. Here is the new start fresh bull plan. watch it as it follows this channel and wait for confirmation that it has left the channel. I will also be watching so if you follow this post I will notify you. As always I look forward to your comments for or against my ideas.
I post my charts so I can hear your ideas, contradictions, or support for the following graph. NFLX making a triple top would start a downtrend. (even if you dont see a triple top, if a double top forms its the same result) The triangle still has ways to go to determine its break so it can go either way. With earnings this month I believe they did not acquire a...
Hoping the current uptrend continues and we see $100-$105 the week of 10/12. The company hasn't been public for long so it's hard to tell. Given that SHOP is a competitor I have a lot of confidence.
Here are my thoughts on TSLA for the week of 10/19. Red Horizontal Lines are points of resistance. First the top of the triangle must be broken with a closing candle. (that is the easy part) the hard part will be to break the first two resistance levels. If we get a candle closing above each line then we can shoot higher. If we open green I might look into a...
Ascending triangle: retest the resistance (upper green line If we dont break, head back down and hit a higher low (lower green line) Retest Resistance and hopefully this time break through shoot towards the $28 range (dark red line)
Ascending bullish triangle on a 4 hour chart. I believe a closing candle above $143-$143.50 and we can fly to $150 by the end of the week.
Handle is currently forming I figure we bounce off $72-$73 and fly through December.
DKNG is in a downtrend currently due to increased NFL COVID cases. If it doesn't bounce up at $47-$47.55 then we should see $40. If it does bounce up, depending on if there is news or not, it should continue its original channel uptrend
I didn't see any ideas for PENN this week so here is what I have. PENN along with DKNG have been on a downtrend and are looking to bounce or head down even lower. I have PENN bouncing at the $62-$62.50 area. If it does not then we can head down to the $50 range. Also a buy signal was issued which when confirmed on Monday-Tuesday will be the bullish reversal...
Confirmation that the downtrend broke. Waiting on a new trend to form. Major Resistance points: $46 - $48 - $52 - $55