Jovan888

Jovan888

Watching a potential Head & Shoulders forming here near the uptrend line going back to the covid crash lows. Thinking we get a bounce here in this 489-500 area for a move back to 550 for the right shoulder.

Jovan888 Updated 

Watching this potential breakout here as long as price holds above the orange circle to target 230. Void below 180.

Jovan888 Updated 

I do not have a "reason" for the move - quite simply this is a technical structure which has been showing price activity month over month for a while now and you can see this massive falling wedge structure on the weekly and monthly which just broke out recently and formed a new smaller pennant that it is currently in. On this is quite simple - this is a stock...

Jovan888 Updated 

looking good for leaps, failed breakdown (2b bottom) on weekly happening and likely going back up to the blue box. Probably a good candidate for leaps with a LIS of $11 Will take multiple months to play out, see the timeframe on bottom of chart.

Jovan888 Updated 

This one is a bit problematic, however there is a potential for a big squeeze here. I think longs above 23 are ok with a stop at the recent low. Target is 35-38.

Jovan888 Updated 

Island bottom here on this ER + a failed breakdown on daily this one likely finally has the juice to take out that 258 wall and take us to 322.

Jovan888 Updated 

looking good for leaps, failed breakdown (2b bottom) on weekly happening and likely going back up to the blue box. Probably a good candidate for leaps with a LIS of $11 Will take multiple months to play out, see the timeframe on bottom of chart.

Jovan888 Updated 

This needs a couple more months but watching this ascending triangle form to buy dips for continuation Needs until 2025 to play out. Looking to buy dips to 94, with a stop loss at 90 and a target of 105 and 119.58.

Jovan888 Updated 

2B bottom failed breakdown + bullish divergence Long above 48 to target 56-57 again.

Jovan888

Potential falling wedge and multi-year trend line confluence, good spot R:R for a long to target 173.25 as a first stop and attempt to breakout. If 173 clears we can target 50dsma and 200dsma above at 192-197. Long setup is void below the blue line unless there is a FBD with a wick that forms rapidly.

Jovan888

Bullish divergence here on weekly and possible falling wedge looking for longs above 143 to revisit 194. long is void below 143.

Jovan888

Multi-year wedge currently trading near the bottom it. Easy long here IMO using 84 as a LIS. Above 84 i can see a move up into 100 to the top of the wedge and towards the 2014 high.

Jovan888 Updated 

Medium term it's in a large pennant that is reaching the apex, and short term its in a bull flag that is near its apex. We are now looking at a large leg coming up in the next 2 weeks. Watching 2 important levels, 19040 and 20058. If we clear 20058 I would see this as a bullish leg that is going to target ATH and higher towards the black line i have here which...

Jovan888 Updated 

Watching this red box area as highlighted on chart, if TLT starts to trade above this area again this sets up a beautiful failed breakdown setup for a move into 94, 100 and then 105-114. Need to clear 90 for the pattern to trigger/activate and then we go from there.

Jovan888 Updated 

Clear rising wedge here supporting a slow summer meltup continuation into 5555-5638 area before election / breakdown before election Plan is to play the wedge for continued upside into 5555+ Will flip short if 5179 is lost. If 5179 falls then a short to 4750-4820 begins.

Jovan888

Looking at this consolidation setting up / gathering energy to make a run at the long term down trend line. A spike over $6 should send us towards first red box around $7.50 and then a sharp run into $10-12 and ultimately the gap fill at 19.40 which lines up close to the long term down trend line.

Jovan888 Updated 

OXY here on a weekly trendline Bullish here at $56 to target 90.81 within a few months Personally grabbed Jan 2025 calls I think we either get a DIRECT bounce from this spot, OR we see a failed breakdown scenario first, but ultimately the target is the same.

Jovan888 Updated 

Went long here on GDX at 27.40 on this wedge retest. If you look at the weekly chart it appears an inverted head & shoulders is forming. I like this long with a LIS at 26.59, as long as that holds I think we move back towards 30.16 and then 33.