Juliac

Juliac

Broke up the neckline on 28 November and a retest near it on 28 December (point C). Looks ready to break above B again soon. Unlike previous steep pullbacks before the breakup of the neckline, this one is shallow (at only 23.6% retracement), a sign that an uptrend momentum is underway. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due...

Juliac

CROX is up 28% since breaking out from a 3 month sideway consolidation in early Nov2022. I posted about it on 6 Nov and placed a tight stop just under it's last bullish candle @ 76 and was never stopped out. It is now forming a bullish pennant (a positive) just under a horizontal resistence zone 109 - 111 (a negative). the chance of breaking up or pulling back...

Juliac

Just a quick update. SPX closed the year 2022 with a Diamond Pattern. This pattern is potentially a reversal pattern (potentially bearish if it occurs at Market Tops, and potentially bullish if it occurs at Market Bottoms). Where it is occuring now, it could be a bottoming process for the SPX. However, Nasdaq is still the weakest link right now and still...

Juliac Updated 

ILMN has broken up of an inverse H&S neckline last Friday on relatively strong volume. Let's see if the stock can make a more decisive move to the upside in the coming days. Otherwise it could continue to be choppy pending earnings release (expected on 3rd November). In any case, it looks like the bottom is in with this base formation Disclaimer: Just my 2...

Juliac

We have DJ that looks to be steadily on the rebound since hitting low on 30 September, climbing above it's 200 day moving average as well as a major trendline resistence by 10 Novemeber and has not looked back since. However, it is the only index that is no longer "bearish" On the other hand, both NQ and SPX hit a low in mid Oct, attempted to rally but failed at...

Juliac Updated 

Like many stocks forming a base right now, NVDA is also a victim of false breakups and wild gyrations recently. One may wait to test the next breakup (again) or alternatively, "buy the dips". However we before we buy a dip, we want to check that the bullish bias for the stock is still intact, which is the case for NVDA right now: 1. pullback was within 38.2%...

Juliac

DOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward. Reasons for going Long: 1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35 2....

Juliac

The semicons have been rising quite steadily since hitting the lows in mid October. NVDA has risen 63% from it's low in October and is now flirting with the 200 day Moving Average and a neckline resistence. Last Friday's candle was an inverted hammer which suggests it could consolidate below the neckline for a while more. With overall market momentum lacking, we...

Juliac Updated 

SPX is approaching a critical resistance @4100 (long term trendline / 200 day moving average) and a near term pullback is certainly possible from here. However, looking at the bigger picture, any pullback this month could be an opportunity to long some stocks with the right technicals. Yes, Fed is pivoting. However, interest rate could stay high for some...

Juliac

Chinese stocks have been on a roll recently due to a combination of factors: 1. the potential easing of their zero-covid policy 2. hope that the tensions between US and China could be thawing after the recentG20 summit 3. very attractive valuations Preferably we wait for a breakup and a retest back towards the neckline and with higher lows in place. ...

Juliac

EL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of...

Juliac Updated 

NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually. However, I suspect the eventual break will be more likely to the upside as the resistence turned...

Juliac

After falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May. It is now close to making another attempt at breaking up and there is a chance it could stall...

Juliac

GOOG's monthly chart formed a bullish divergence and closed with a bullish "pin bar" in November. We are likely to see more upside momentum for this month, although it could pause and consolidate when it hits the near term horizontal resistence around 104-105, then may (or may not) dip back towards 93 (recently pivot low), before eventually breaking...

Juliac

Although MSFT is still trading below it's 200 day MA, the bullish candle that is forming on it's monthly chart is now screaming "buy". To keep risk manageable, long with an initial stop loss slightly below 234 (confluence of it's 20day moving average and also the 38.2% fib retracement level of its' recent AB upswing). If and when the trade goes out way, trail...

Juliac

TSLA is now at a longer term horizontal support zone (168-180), after having retraced 61.8% of it's major AB upswing that had begun in March 2020(see monthly chart). A short term bounce looks to be due as we are now seeing a bullish divergence between price and RSI on it's daily chart, but whether this is "THE" low remains to be seen as the overall trend is...

Juliac

HD had been building a base for the past 9 months, forming a double bottom. It began to break above the 200 days moving average on 10th November and had sustain above this MA since. Currently it looks close to attempting a break above a neckline @ 327. However with still much uncertainty and volatility in the market, it is safer to long the breakup with a...

Juliac Updated 

With FOMC uncertainty coming up this week, and the indices hitting into near term trendline resistence, some volatility will not be surprising in the next few days. Among the 3 indices, DJI has been the strongest of late. On the monthly timeframe, we can see a few rather bullish signs: 1. a "tweezer bottoms" 2. bullish engulfing candlestick 3. bullish...