Isaiahgr3

Isaiahgr3

In this chart we see a short term, broadening pattern called the megaphone. I have found that this pattern is usually accurate in predicting breakouts/ price movements. As shown in this hourly chart, ZM has been run along the top trend line , briefly crossed above, and is now headed back to support. If I were looking for a short term trade I would wait to see if...

Isaiahgr3

After being stuck in the wedge I had pointed out, MSFT has broken to the downside and is currently testing resistance in the 199 zone. A decisive close below this level could cause MSFT to be in free fall for a little while. If the RSI breaks below 38 I would short this stock. On the other hand we could see the support line be solidified as bulls decide is is a...

Isaiahgr3

As shown in the chart Tesla has formed another short term uptrend channel. However, TSLA is testing resistance after trying to breakout from the long term resistance once again. The last time TSLA tested this same long term support it failed, and this tells me there is really strong selling pressure upwards of 400. Its facing double support at its current price...

Isaiahgr3

Not going to lie guys, today I got killed. I took a short term call, expiring tomorrow on CRWD, with a 133 call price. I bought in at the 1.80 strike price and sold today for .35 here’s what you can learn from my mistakes: never take a short term call. I know this one might seem obvious, but I got greedy. Instead of being the first to get there, before the...

Isaiahgr3

In the last couple of days, AAPL has been stuck within a wedge. The RSI has also been confined between two very close trendlines. In the short term, we know that AAPL is hitting a roof, and will either breakout or fall back down. As this is a very tight wedge, and it is falling on a long term support line, I expect a breakout rather than a breakdown. However, if...

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After hitting the top of the channel, SQ is on its way down. The Relative strength index shows the price has a little bit to go before it hits the support line. I would watch patiently and wait for the RSI hit the bottom before taking an entry position or buying more. Accordingly, wait for the price level to hit the double support line. The double support line...

Isaiahgr3

After just having a failed retest at the top resistance line of the channel (which could have been a support line), CRWD is now hitting the roof of the channel again. The RSI is being tightly wedged between two trendlines; volatility is also contracting. From what I can tell there is high chance of breakout on this stock. If I wanted a short term trade with a good...

Isaiahgr3

After hitting the top of the long term channel, MSFT fell back down and is testing the support line once again. MSFT is now stuck in a short term wedge pattern, and in my opinion it looks ready to break to the upside. The RSI also indicates an upcoming wedge. If there is continued market strength in the coming days, expect MSFT to breakout of the wedge. On the...

Isaiahgr3

After gapping up by a huge $120 dollars on August 31, ZM has come down to Earth. It finally found resistance at the horizontal support line (in the 344 range.) It has entered back into its ascending channel, and since the two parallel trendlines are very close together, expect predictable price movements. The RSI has just bounced at its horizontal support line as...

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After hitting its final long long term support line, ARKK has finally bounced off the support. The buying pressure was so strong that it reclaimed its previous support at the 87.75 level. The RSI tells the same story. Expect a continued uptrend, until it hits the top of the channel, At which point we will either see the price breakout or fall back to the floor....

Isaiahgr3

During the slight pullback in U.S. markets, AMZN broke under its short term support line. However, it has found support at a pair of support lines, in the 3120 range. The RSI just touched its bottom support, so in the short term expect a bounce. I Continue to have a BULLISH outlook for the time being , as Amazon travels further up the channel. However, the...

Isaiahgr3

In this chart I had to stop myself from drawing too many lines. The trendlines make it clear to see that the greenback is stuck in a steep, downwards channel. The RSI is trending upwards, possibly indicating that the DXY is overbought even while the price is trending downwards. After breaking past it’s downward sloping support at the 91 level, it has traded...

Isaiahgr3

I know I post about this stock a lot, but that’s because I truly believe it can outperform in the short run and over the long term. After falling out of the upward channel CROX found support at the 37.50 line, and bounced upwards to retest the resistance line (last week’s support line), at which point it entered back into its upward channel. This is despite a...

Isaiahgr3

After falling out of a steep channel (break down at the (450 level) and then crossing a long-term, second uptrending support line(440 level), Tesla has finally bounced at its third support line (320 level). The RSI just bounced at the support line and is soon going to meet resistance, so the RSI should breakout soon. For those looking for a short-term call, you...

Isaiahgr3

As seen in both the RSI and price chart, the Nasdaq is retesting the resistance line it just crossed (last week’s support line. If it crosses back above it, the bulls still have control. I think this is possible because it the RSI is bouncing off of its second support line. If QQQ fails to cross the line, however, and instead hits the roof and falls, it will...

Isaiahgr3

After breaking our briefly last Friday, the has reversed and has closed under its resistance every day for the last week. The RSI and trendlines both show that the VIX is going to get scrunched between its resistance and support lines. Because flag patterns are usually a breakout followed by a triangle pattern followed by a breakout in the same direction, I would...

Isaiahgr3

After barely finishing below two support lines, the SPX retested the resistance (that was previously support) and crossed back above it. I would not consider this a decisive break in trend, and in fact I think we have reason to believe the bulls are still in control. The RSI also dipped below its support line but has now crossed it again. Expect the SPX to hit the...

Isaiahgr3

In spite of market weakness, ticker CROX is still holding its support line after briefly dipping below. This indicates high buying pressure. Expect CROX follow the uptrend until it hits the resistance line. Look for contracted volatility to predict when a breakout might happen. I would set a stop buy order or Open a call at a point above 42.50 (43 just to be...