MarkitMaven

MarkitMaven Updated 

I predicted $50 with the first tweet here: Then there was the gap analysis, which is still in effect: I also predicted the second gap here: And introduced the idea of $80 price tag last week: This is another confirmation to my previous analysis but also want to add a second target of 140 before their earning call.

MarkitMaven Updated 

Head and Shoulders are reversal signs and have different types such as simple, complex, reversed and etc. So there need to be a bull-run for 10-30% before the peak of left shoulder. (or a bearish drop before a reverse H&S) The most important factor is seeing higher selling volume and smaller buying volumes specially on the top. The head has to be taller...

MarkitMaven Updated 

BA has recovered a lot since last March but still has 35% to go. With their recent announcements and other catalysts on the way, it may be a good time to invest and wait for the full recovery. This weekly chart shows a consistent pattern and the price is expected to stay within the bullish trend.

MarkitMaven Updated 

This week, I am watching Netflix, Alibaba, CrowdStrike and CRISPR Therapeutics in my watchlist. BABA: Had a great week and might see some reds this week but EMA 12 crossed 24 and we had a decisive breakout with high volume last Friday. Should end up around 240 by the end of the week, if not higher. NFLX: It's filling the gap from April and it's gapping up on...

MarkitMaven Updated 

Here is the second gap. We should see another 75% run from this gap after some consolidation. Unless, Branson decides to go after Bezos! Today's move was not unexpected: This is a follow up on my previous analysis: Congrats to those followed my advice and collected massive profits on this week's calls.

MarkitMaven

I go first... These quotes really changed my perspective of trading when I was beginning to trade. Quote #1: “In trading/investing, it’s not about how much you make but rather how much you don’t lose.” - Bernard Baruch Not losing money is the most important rule of trading. Although almost everyone loses money in the beginning, it’s important to learn how to...

MarkitMaven Updated 

Options play: Buy 135 calls for 0.23 expiring 6/25

MarkitMaven Updated 

Last time SPCE formed a golden cross, it grew more than 100% following its base formation. All indicators and patterns are in favor of a move toward $70. Here are the 5 reasons for a bullish move: 1- Golden cross. 2- Solid base with low selling pressure. 3- Recent gap up on high volumes. 4- Growth momentum in the overall market. 5- Numerous positive catalysts on...

MarkitMaven

As we all know, institutions got involved with Bitcoin to hedge against inflation but are now backing down due to it's energy concerns. That was not unexpected considering the strong forces in pushing EVs and renewable energy companies that are flourishing under Biden's administration. The best alternative to bitcoin is Ethereum specially because of its...

MarkitMaven Updated 

AMD broke out of it's downtrend with high volumes and crushed a resistance line. Should keep going up but I would wait for the confirmation before going in.

MarkitMaven Updated 

The velocity of money (M2V) is the rate at which consumers and businesses spend money and it’s calculated as the ratio of gross domestic product to the country’s money supply. MV = PY or V = PY/M M: Money growth. V: velocity of money (or the rate at which people spend money). P: the general price level or inflation Y: the number of goods and...

MarkitMaven

Hourly chart trend has been violated with a significant volume. That accompanying the rejection from the major resistance area on the daily chart make this a bearish movement. If BRC breaks below 37.5k it will go down toward the next target in the 20's. There is a slight chance that it bounce back up above 38k which would make this a bear trap. I expect another...

MarkitMaven Updated 

Another decent stock. Weekly it's been going up with some strong volumes and daily it's staying within it's channel and might even break out for a more parabolic movement. Daily volume is not very impressive though. I would wait for next week to see if it's going to retrace beck to touch the lower boundary of its trend. It might break out of the upper boundary...

MarkitMaven Updated 

Apple is seem to be heading back home to under 100. The lowering volume , H&S pattern, and 3 black crows are all pointing to a bearish trend . The 200 MA is also being tested for the third time. And 200 MA doesn't like to be tested too many times! so if it breaks down, our first target is guaranteed. But there is a slight chance of reversal at this price point...

MarkitMaven Updated 

This is a very complex topic but I will try to keep it as simple as possible. This whole story began when the US government printed money to help the economy going and the reserve bank infused money into the market by buying back bonds. These actions did help for a while and the stock market recovered from March 2020 mini-crash, but that printed money caused the...

MarkitMaven Updated 

This week we are going to focus on the following tickers for a breakout or a bull-run continuation. ANAT: Bull wedge breakout. 4 consecutive green days with decent volume. Red days had higher volume, which is concerning. Wait for a successful domination of recent high with high volume to enter. APO: Rising triangle continuation of a bullish run. Demand >...

MarkitMaven Updated 

When investors were fearful of the growing inflation they were looking for an asset to hedge against this madness. They used to buy gold back in the days, but recently they found Bitcoin. So now whenever investors lose confidence in the market they drop bonds driving the US10Y up and buy bitcoin instead. Who is in charge? Crypto-market is reacting to the global...

MarkitMaven Updated 

When investors were fearful of the growing inflation they were looking for an asset to hedge against this madness. They used to buy gold back in the days, but recently they found Bitcoin, which has many advantages compared to metal. So as we know, whenever investors lose confidence in the market they drop bonds driving the US10Y up, but they seem to buy bitcoin...