Rectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside. TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant...
Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart. My support is based on the flat side of the cloud. Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing. My target is between 32 and 35 as you can see on the chart....
CRV : Big base/ kind of cup and handle style pattern. Broke big resistance. Came to retest the resistance which is now a suppor t. Also currently sitting on 50 EMA. Ready for bullish continuation if 3.75 holds. Target Fibs and cup n handle around 6.87/6.90 Trade safe!
ATVI: I don't know where ATVI will be in 6 months but I like it now for a swing trade . We're a bit oversold, the price is far from the 1st moving average and we have this gap, so I would expect some kind of bounce. If we don't get the bounce, it's fine, the support is quiet close, so we're not risking too much money. My play would be a long trade from the...
Nice cup and handle on INMD . (I'm not looking at fundamentals here, just technicals.) What's a cup and handle? A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to...
PAR: NEWS: PAR Government Systems Corporation , a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced that it has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System...
EXPI : Nice consolidation. Can move fast if it crosses the red line. Long over 54.51 (the red line) with a stop at 51.80. Note that the price could come retest the black line at about 50.50. If so, long at this price with a stop at 47.15. All levels are on the chart. Trade safe!
BYD Company Limited ($BYDDF) THE COMPANY: BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and...
PTON: Winter is coming. It's cold outside. Shall we exercise at home? PTON bounced off a big support at 82. Is the bounce over? I don't know. Is it too late to buy? For a long term investment, not too late. For a trade, maybe not too late, but I like it only above 88.20-88.50 Targets on the chart. Trade safe!
ELF : Watch for the break of this important resistance line and a potential all time high. If I had a lot of imagination I would also see a cup and handle but I'm not sure. $NVEE has exactly the same chart Trade safe!
VERI : Nice multi weeks bottoming pattern below 22.60 for this good growth name. We're now above this line and I see it as a good opportunity to buy for a swing trade, with a stop below 22.60. All resistances and targets on the chart. Trade safe!
NIO on breakout mode. Bull flag on 1 and 4h charts. Long over the line. Trade safe!
PHUN : low cap software company. After forming a multi month bottoming base with a nice double bottom , I'm watching PHUN for a potential breakout of the 2.08-2.10 zone. A break could take us to USD 4.92-5 zone. Trade safe.
DIDI , considered as the UBER of China , has lost 60% since its IPO day. Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. Looking at the chart, I see a triple bottom and a potential bounce play for all Chinese stock. I believe that Uber is a Didi shareholder. For...
SPX: Inflation numbers and tapering discussions have put many investors on guard since mid-September. You can see on the chart that the market has broken down a trend line started in March and is now in a bearish channel since the September top. With a succession of lower lows and lower highs, it's fair to say that bears are in control. Is this the end of...
ABNB : Another reopening play, people looking to travel again. Ichimoku analysis on daily: The price is currently blocked by the cloud. Pressure is building to reintegrate the cloud. The lagging span (green line) has broken the Tenkan (blue line) and is heading for a test of the Kinjun (dark red line), the flat zone of the Kinjun is our 1st...
ZBRA : Ascending triangle forming on Zbra. To avoid fake breakout, wait for a move above 518 to enter a long position. Potential move of usd 90 to the target zone mentioned on the chart. Note that the pattern can fail if the overall market drops. Trade safe.
Atos has formed a nice consolidation/ bottoming base , with a clear triple bottom. Change of trend coming? Watch for breakout. All levels on the charts