On 4H $AMC shows a bullish flag. If we do not face new short attack, the possibility of staying above 200MA on 4H is very likely. On the daily timeframe, we are still below 200MA. At this point 200MA acts like a major resistance. I say we will test 9$ very soon.
#NATURAL_GAS Is on the way to meet the 200 MA and the lower belly of the bullish channel. There is a high probability of rejection at that level. I am looking for a short at that point with a reasonable stoploss. Check out my older NATGAS idea
Exxon Mobil is currently overbought and is almost at the top of bullish channel. A retrace to 200MA is quite possible. Furthermore, the daily RSI looks to be not supporting the current price action as it shows a clear divergence to the price. I am opening a small short (2% portfolio) right now.
The exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps. Soon or late the green guys will resume fighting coal again, when the dust settles! The recent peak has not brought RSI up with it, forming a clear bearish divergence between...
AMD is one the earlier tech giants who kisses the pre covid highs. The 2020 high can act as a major support at this stage of the game and definitely opens a nice entry into the $AMD ticker. Immediate resistance is around $70 and next support is around $50. I entered with a small percentage in along position at this point and will average down from here at every...
Bitcoin breaking out of the massive down channel after 327 days. In short term this is a quite bullish move. For a short term trade, support is still the 2017 ATH at around 19000 and resistance is the 200 day moving average. Good luck out there!
Gold is respecting the current down channel and will most likely visit the lower end of the channel by the year end. A short lived relief rally is ahead of us. My plan is to gradually average down. Calling a bottom is stupid but the technicals point to 1450 as the worst case scenario and 1550 as a likely bottom. One thing is for sure.... paper gold is holding...
Yesterday there was a news about $AMC goin to possibly sell more $APE into the market (if necessary, not a guaranteed move) and now short sellers jumping on this news and shorting the hell out of the $AMC causing it to go down almost 15% on yesterday's trading hours. This is pure psychological. Hang on to your hats and do not fall for it!
Yeah some smart genius only holds this stock now defo he bought the bottom made some noise and sells on top the chasing retails always lose
At this point I am not sure what is going on with this chart... One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker! On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS...
Now that all the retail fools have loaded up on GAS, smart and big money will DUMP EET on the retail.... like farting gas right at retails.... this is sad but what we can do :)))) I am not in this trade at the moment.... gas is wild!
Here are my two cents for future me! From the looks of it, we hold strong until 28k. The FED and GDP will print relatively mild numbers this week only because of incoming election. Then after a while people will realize that situation is not very good and then the dump begins. At the end we retest 18k and maybe we get a massive bounce from there or massive dump :)
The move today lacks volume, but will for sure lore some investors in the play. If we see consistend increase in volume in following days, we will easily tag $20+ in a matter of weeks
If we do not confirm about daily topping tail, the chance of retesting 103$ area is quite high.
The title says it. We have holding up the daily trendline quite good. Lets go!
Cup&Handle forming on daily while we have broken above trendline. A retest of the trendline and a bounce would trigger a good long opportunity, targeting 1$ area for take profit
I still see the 2x in the play. I am holding to my hat :) We have just broken above the down sloping channel and if we manage to retest this breakout in the next couple of days then chances are high that we see the massive move
We are getting rejected at 200MA. If the buying pressure continues we might confirm above it and tag the 200EMA line (the thinner line).