ChemistNate

ChemistNate Updated 

NASDAQ:NIU has bounced up from its low of $2.57 in October. BUT in early December, it tried to break $6 and failed. Then we had a couple weeks of consolidation. So far this year, we've tried to break above the previous 2-week candle, but it has failed so far. I venture that by the end of January, we'll breach the previous 2W candle's low ($4.62) AND continue...

ChemistNate Updated 

NKE Bearish channel; inside week from Dec 5 to 9, and then outside week from Dec 12 to 16. Today (Dec 19) it broke below last week's low ... this is now the third week in a row of lower-lows. Is it possible that it rallies and goes for a second outside week? Anything is possible, but it is also up against the bearish channel on the upside. There is very little...

ChemistNate Updated 

After 9 consecutive weeks of higher lows, NYSE:PFE has broken down. The chart has been streaky all year: Slow but steady marches downward from January to March, then July to October. Honestly just looks like it's overdue for a fall, maybe hitting 38 by mid-March 2023.

ChemistNate Updated 

NASDAQ:META has rallied since the earnings of late October, but is still in a long-term bearish channel. It has retraced 78.6% of the the gap (down) made the day of its Earnings report. I can picture the stock rallying to $130, but not much farther, and then being smacked down around mid-to-late December.

ChemistNate Updated 

The weekly chart had a notable bearish trend from March 2022 to June 2022. This was retraced by 50% (mid-August), and then the downtrend continued. We have broken below June's low (the year-to-date low). I believe sellers are exhausted, but there are not many catalysts for a rally here either. I expect TSX:SRU.UN to be mired between 26 and 27 for several...

ChemistNate Updated 

NASDAQ:NVDA still have time to have an "outside quarter" ... after breaking last quarter's low, it has rallied to retrace 50% of the previous quarter's candle. This is not an example of #SSS50PercentRule because NASDAQ:NVDA is DOWN on the year, therefore it does not have full time frame continuity. This would be a 16% rise over the next 5 weeks.

ChemistNate Updated 

NYSE:V failed to break above 218 in June, July and August of this year. It retreated, and is taking another run at it. I'll probably buy some puts if it reaches 217.50 or so ... with a tight stop loss ... I'll cut my losses if V reaches up to 220.

ChemistNate Updated 

has been in a bearish channel since it peaked last November. It still has some room to test on the upside, but the price action I see (monthly chart) shows it already tested last month's high, failed, and is coming back down through the range. I'm neutral until I see more downward momentum ... then I'm short. I have NO conviction that it'll re-test November 2022's high.

ChemistNate Updated 

NASDAQ:AMD has been in a bearish channel since November 2021 (one year). I see no impetus for it to break above the top of the channel, and thus I expect it to fall significantly over the next month.

ChemistNate Updated 

TSX:AX.UN has a NAV near CAD$19. It has been viciously beaten down from its high. It is now below is 0.5 fib from the Post-COVID bull run I would personally wait to buy until it reaches the 0.618, and I would wait for confirmation of a reversal on the weekly chart. I am personally more likely to purchase TSX:SRU.UN (SmartCenters) if Canadian RE starts to rally...