Fundamentally I have little to say about VFC's business... other than a recent increase in debt levels VFC's fundamentals remain solid in my opinion. The technicals paints a very different picture. Subjectively, VFC has formed a long term head and shoulders pattern. A decisive move below the double bottom support level of roughly 45.00 a share should lead to...
Intel likely moving lower... need to see a move below 43.70 (support line in blue) to confirm further downside. Near term target of 38.50. However, A breakout of INTC's downward channel to the upside would signal a reverse in trend and create opportunity for long trades.
RUN is gearing up for a retest of the recent low at 18.55. A move below this support (depicted as the green trend line) should equate to another significant decline in RUN's share price. Think this works best as a short to medium timeframe trade. Warning: Earnings on May 4th could add to volatility.
move below 36.07 should trigger another sharp leg down for ROBLOX. Buying short to medium term out of the money puts to play this
SBUX heading lower, move below recent low at 78.90 should trigger a sharp move to the downside.
Critical level at 102.60, break below this previous low at 102 should lead to a dive down near the next critical support area around 60 dollars
Green Rectangular area is my buy zone, the 77-63 price range looks good long term.
TotalEnergies bouncing above long term resistance trend line... I see a move to 72 dollars a share coming quickly here for TTE.
We made it to 240 a share. Next resistance around 256, Once we trade up to 256 then VRTX will retest ATH around 307. Buying volume at good levels, Strong earnings, Monthly MACD showing SERIOUS positive momentum, I'm Riding this trade until I see new ATH's for Vertex!
XOM has a multi year resistance line that it quickly has been approaching. This resistance line depicted in red has held strong since 2014 and Exxon has attempted to break above this resistance line several times since and has failed each time. What makes this retest different? Momentum and demand makes this retest different, In fact the move on the MACD has been...
The dashed green line is the support line for BTC as of the last two years. The break in this support line suggests a violent move to the downside could be on the horizon for Bitcoin. As long as we observe continued selling pressure on BTC from worried investors due to rate increases and a more hawkish fed we will see a sharp decline in price down to 31k then to...
Recent interest rate spikes have attracted above normal investment into financials. Key has broken above its ascending channel and should experience smooth sailing until bumping up on the next major resistance level at 28.40. I definitely like the technical setup here, additionally I'm looking for increased trading volume and strong earnings to carry Key all the...
Enphase has performed incredibly well since the Covid 19 outbreak in March of 2020. ENPH has attracted overwhelming investment attention from retail investors and institutional investors during this time, this is partly because Enphase is a solar panel semiconductor company. Both Semiconductors and Solar have been hot sectors since the start of Covid, I believe...
Quick Background on Healthcare: Somewhat ironically, since the start of Covid the healthcare industry has underperformed overall markets and most other industries. That being said healthcare and Biotech are finally starting to get the investment attention that they deserve, as investors shift their portfolios to more value and defensive positions due to a number...
Insider Selloffs combined with a poor technical setup, TGT looks incredibly weak at its current trading price of 225.40. TGT has been trading within a rectangular channel for the past several months (albeit not a particularly well defined channel but a channel nonetheless). It has tested the bottom bounds of this channel twice including a false breakout recently...
We have observed a bullish move out of the downward Channel that QSR has been trading within. Where does QSR go from here? Upward; I believe at least in the short to mid term. I expect we see a spike up in price to $66 a share, and then possibly a retest of 52 week highs around $71 a share. I will mention there is strong resistance at and around current trading...
Where do we go from here? Well, it appears Bitcoin is looking to break out of its downward channel potentially signaling a Christmas Bitcoin bull run. For this to happen we would need to observe a high volume break to the upside above the resistance trend point line. However, if we do not observe this move to the upside, I expect more pain in the short term for...
Last week I shared my technical analysis on QDEL, suggesting to go long on QDEL based on its strong technical setup. Today we see the confirmation that we needed, A break above the channel resistance line with volume. Perfect time to go long on QDEL, next resistance around 190.