IMF_Trading

IMF_Trading

Late night shit post on $CCl 4 different patterns 1. Long term wedge 2 continuation cup and handle 3.4th leg down 4. Inverse head and shoulders Will wait for validation to make a move Buying calls if it goes about 15.15 and puts below 14.40

IMF_Trading

Multi- week wedge is forming a triple top of resistance. ST bearish wedge. The is a lot of chatter everywhere about "people are going to be staying at hotels for memorial day"... Google search for memorial day weekend hotel prices come up and surprise.... I can still go get a hotel room for $70 a night in NYC/the beaches/ or basically anywhere for that matter....

IMF_Trading Updated 

RSI over 70 and rolling over. SMI just flipped. Joe Roagn deal is huge and this ran hard on news. Looking for pullback at least down to 186 -187 range. Purchases 2 May 29 P 192.5 @ 4.80 a contract

IMF_Trading

#Chart MGM opening up slight down this morning after climbing 44% in the past 7 days. Support has broke on the 4 hour with the RSI rolling over and SMI about to break down again. Will be watching for first lvl of resistance @ 15.62

IMF_Trading

Ktov has blown up over 113% in the last several days. While its hard to do technical analysis on a stock that is sub a dollar, Im going to make it anyways for a friend. Given the past trends after massive spikes, I would expect the slight downtrend to last another day. The massive buying volumes coming in over the past 2 days also indicate that people are being...

IMF_Trading

Bearish wedge forming, combined with high RSI levels, fading volume could potentiality lead to $PK going red in the near term.

IMF_Trading

SMI is about to flip positive after a day and half of heavy selling. Double bounce off the 50 fib. Confirming breakout continuation trend @ price target 74. Recommend: Buy @ 74 Stop loss @ 73.50

IMF_Trading

SMI/RSI are both pinched at the top of their ranges. Price has broken through trendline from previous post. Watching the same moves from before I expect to watch this drop more.

IMF_Trading

Everyones favorite new $TSLA play VTIQ formed a small cup and handle and we saw the follow through. Pushing back through the 50% fib from its initial move upwards. Looking at the .618 fib as next line of resistance.

IMF_Trading

Bullish wedge forming. After yesterdays huge Biotech moves, I would expect to see a continued downtrend until end of wedge.

IMF_Trading

Given that the RSI is already rolling over, it looks like there is a strong possibility of $CCL to fill a C/H pattern. All the indexes were heavy today on low volume all around. Will continue to watch.

IMF_Trading

Looks like it it running out of steam. After pop on IHS pattern and given the current market conditions, i think we see a fade either today or tomorrow.