Looks like a failed retest to me. Expecting to see low 80's as early as next week.
Amzn printed a gravestone candle on the weekly. How fun would it be if it it made a replay from February and ran back up next week just to close at the lows.
10 year bull market trend line broken down, potentially printing a retest failure on monthly time frame. Could we be in for a long decline?
NYSE:LB Played out to perfection last time. Right back in the sell/short zone.
Top 3 holdings (5%) = Rite Aid (RAD), Grubhub (GRUB), and Michael's (MIK)... rest of the top 10 doesn't look promising either. www.etf.com
Long track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why: 1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing. 1a) Lost...
Both major corrections in 2018 reversed immediately after the 2 Day momentum chart went positive and went on to new lows. This just happened today. Will history repeat itself?
AMEX:SPY ES1! daily chart is very similar to the weekly chart back in 2008. 42 bars would put the short term bottom around April 21. Purely speculative, lets see how this plays out.
A lot of securities showing a similar pattern. Oil potentially bottoming out around $20. VIX too high for too long. My instincts say it's not true but the charts look like this bounce will continue much longer.
NVDA looks like it is making the fastest recover ever on the monthly chart. Hardly a trade signal but I'm looking for those bear candles to fill in tomorrow/going into April. MACD also not looking good on monthly chart.
May be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area. Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now...
Broke multi-year support, currently retesting. I want to go long looking for this to go back to $120 area but waiting it out a little longer to see how this develops. Earnings next week on 3/4
MACD looking to go bullish on monthly time frame too. Past few trading days makes this look like a fake breakout but I'm calling the bluff.
Stock jumped $15 on news of cloud contract being halted. Investors acting like the won the contract or maybe algos triggered. Explanation for the conspiracists, pump was an exit strategy for whales before the repo news hit the public. Either way, stock down $20 since the pump resting right on support to close the day. MACD about to make a bearish crossover on the...
History of beating earnings, near strong support, about to have a bullish crossover on weekly chart.
Massive H&S but still looking for a reversal as I'm bullish on their business model. Waiting this one out for now.
Looking for a break downwards. Earnings Jan 23