Gooby_Trades

Gooby_Trades

Looking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross...

Gooby_Trades

I'd like to kick off this analysis by saying these are two potential outcomes of SPY's future price action given that market fundamentals stay largely unchanged before and after the CPI release next Wednesday, i.e., no escalation in Taiwan and no wild earnings surprises before and directly after the read (yes, I know that is a lot to assume). The expected paths...

Gooby_Trades

Noticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal...

Gooby_Trades

VIX trading in a bullish pennant pattern. We have seen two really nice bullish bounces off the support trend line in this pennant pattern. I expect this next support line touch to be nothing different (assuming VIX touches support). VIX targets: 25.41 resistance first, then follow-through to 28.93, eventually reaching the top of the upper bound of the pennant...

Gooby_Trades

WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here... Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has...

Gooby_Trades

In the most recent two-quarters, DUOL has sold off ahead of earnings and then rebounded sharply after reporting earnings beats. Coming into this quarter price action is reversed. DUOL has experienced a strong rally from a quarter ago, clocking in over a 50% gain from the lows of their Q1 2022 earnings in May. This bullish short-term momentum might just be stomped...

Gooby_Trades

IRBT looks like an attractive long-term buy as it sits hovering around its 13-year support trend line. RSI signaling we are around oversold territory on the weekly. Scaling into an IRBT position seems like a smart move here as short-term momentum will likely take price action lower to the 29.72 support area. This is not financial advice. Good Luck!

Gooby_Trades

Earnings are scheduled to be announced on the 28th for ACI. Very poor technical setup for ACI, anything less than a phenomenal earnings report should send the stock tumbling down to support at the 21 level. I'm entering a short on ACI as soon as I see a retest of 26.00 and then a follow-up confirmation of lower price action.

Gooby_Trades

Consumer Sentiment is just one tool for investors to use when choosing whether to buy, sell, add, or trim stocks. But it can be a very useful tool, especially when markets are heavily skewed in one direction as they appear to be today. There have only been four (the three breaches during the 08 crisis I count as one) occurrences in the past when the U.S....

Gooby_Trades

NG! has had a historic two-year bull rally. Is the fun over for nat gas traders? Fundamentally little has changed regarding the supply and demand of U.S nat gas despite the last few weeks of intense selling, with exception of a temporary surplus of U.S nat gas supply due to a fire in a Freeport export terminal. Global weather remains extreme. Nat gas supply...

Gooby_Trades

Reversion to SPY's 200-day SMA seems highly probable. There is also the 50% fib retracement level which is right in line with the 200-day SMA at 350.29. This 350 area is a critical piece of support for SPY and once reached will likely lead to some choppy trading sessions before a continued move downward. In the meantime though... there is roughly 8% of unclaimed...

Gooby_Trades

Equity financing has allowed CELH to avoid holding any meaningful debt on their balance sheet. Total revenues for CELH has grown at an impressive clip during it's 15 year history of being a public company. Despite their strong revenue growth Celsius has consistently struggled to convert their strong top line into strong EPS and profit margins, (this is partly due...

Gooby_Trades

DUOL is trading at a price to sales ratio of roughly 14. Duolingo is a prime example of one of the covid era IPO's and SPACs that trade on hype without any earnings or sign of profitability. The technicals suggest more downside. I see a break below 93.5 support leading to a retest of current ATL at around 60.3, ultimately leading to another leg lower creating...

Gooby_Trades

Made the call relating to the weakness on WHR's technicals a little less than a month ago. Now, the leg lower is about to occur. The move will be a sharp one, down to 137-139 Fibonacci support area. Likely more downside to follow this move. This is not trading advice. Good luck!

Gooby_Trades

SSRM has traded in a range since the pandemic of 2020. However, the longer term trend for SSRM - going back to 2015- is upward. Obviously there is high positive correlation between SSRM and the spot price of gold due to the companies revenue streams which rely heavily on the price of gold. SSRM has wonderful fundamentals. Despite the companies relatively small...

Gooby_Trades

CRM's breakout of its medium term downward channel looks pretty weak. Volume is slowing, while weekly and monthly timeframes are signaling strong negative momentum. The trend for CRM (at least in the intermediate term) is downward. I'm calling for a move down to the recent low of 154.60. Most likely there will be lower lows formed after this retest for CRM but we...

Gooby_Trades

Fundamental outlook: BTC and other risky assets like SPACS and NFTs are taking the brunt of the losses so far as this global economic pullback unwinds. The bull case for BTC has become less credible thanks to steps being made recently to regulate the crypto space in the U.S. as well as rising interest rates and their negative impact on growth/speculative assets....

Gooby_Trades

I see an Inverted cup and handle pattern here for WHR. Next target is 137 based on Fibonacci retracement levels. I expect more downside once WHR touches 137 support. With a medium term outlook, my technical analysis suggests a sizable fall in price for WHR. 110 a share seems likely within the next 12 months. This is not trading advice just my prediction on WHR...