I don’t usually use linear regression channels because this is supposed to be a stochastic process.. but they actually work well for near term moves especially when the price is sitting directly on center line - good chance it will visit one of the borders soon and if range is wide enough playing both sides simultaneously with OTM cheap enough that you can make...
I thought I wrote the filler text and was like wow. I’m good. Anyway, bullish setup unless it breaches 2551ish (wherever wave 1 high was, can’t go below that or EW invalidated. Most likely it begins move up to 4200-4500 to complete wave V. SPY also trying to complete wave IV/start wave V. I posted a more near term scenario on post earnings move statistically...
The analysis I ran is mainly statistical, so the chart isn’t going to show that. But the idea is high probability of AMZN trading with increasing volatility post earnings. Yellow boxes are MMM range to up - and downside since Monday. The horizontal rays are where I see it going by the dates marked. Not financial advice but I’m OTM both ways and will add to the...
In my last CAR post at end of March, “For our Sins,” I gave an initial target of 323. It hit that today. It got a re-impulse (bullish) or whatever you want to call it on the Impulse BF (I don’t even know the terminology you traders use, I just know how to make a lot of money sometimes).. I think it continues higher to complete the bear crucifixion . Next target...
Just found support at old downtrend resistance. Target 220 and it will happen fast.
Based off stochastic RSI and price bouncing off support, expecting a big run today as soon as 2 things happen: 1) price breaks above yellow EMA 33,55 band at the 45 min interval 2) impulse BF turns green Both of these are on the verge of occurring as we speak. The target is straight through the intersection point 3 of the 3 lines: the grey lines are near term...
Hate to keep doing this on every non-eventful day, but just an update from my last post: Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone. Expect...
Bullish if it respects the flag. Bearish if it breaks below red and then tests it to find resistance. The next support will be the dotted blue downtrend line. We can see on the 4H chart a decision point is coming today. Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks. From past Fed meetings it’s...
Initial Target by Apr 14 = 99 Target Range by 5/20/2022 = 108-116 Upcoming earnings as a catalyst. Bullish Momentum for pre-earnings run up. Kept the chart simple but a lot of bullish aspects at play here, to name a few: - ready for markup coming off an accumulation phase - completes wave 5 correction apprx. .786 off the highs last June - if you look at the...
Kept the chart simple but there are a lot of bullish aspects at play here: - ready for markup after an accumulation phase - coming off a wave 5 correction apprx. 0.786 off the highs last June - looking at weekly chart you’ll see a larger running flat structure - earnings as a catalyst and overall great company! *Initial Target by Apr 14 = 99 ** Target range by...
Let’s see if this RF at 15 mins can develop into a completed RF at 2-4 hour intervals. Target 1 4600, target 2 4650 Has trendline support here at old resistance that developed during pullback, rsi over done to downside near term look for it to retrace to its own moving average and the stochastic to begin cycle up from here. Those mechanics will move the price...
Too often I see crazy posts following a “big” day.. if it’s really green on a single day bulls are projecting Infinity & Beyond by end of week or whatever; if it’s red on a single day bears are shouting out doomsday predictions. It’s actually not so exciting. We had a range and technical break which I posted about recently, nothing has been invalidated - target...
Still bullish til 473, calls for a discount if you’ve got the stomach. This could go horrible or it could go brrrrr
DDOG can get hot, and it has the setup to start big move from here. Initial target = 166 Goal Target = 190 Look for test of downtrend breakout line around 153, if that doesn’t hold it has support around 147-150. Stop loss below 141. Not Financial Advice or whatever.
This has accumulate shares written all over it Continuation levels to break are in chart
Nice Accumulation, expect markup from here. Targets 76, 83, 86. Should see straight up next few days. Not advice or whatever