MichaelMF

MichaelMF

Very Oversold after earnings. $10+ gap to fill. Around $89.68ish could complete a double bottom. Watching this. Could lead to possible gap fill giving us a possible $20 move to fill in entirety. Personally have an alert set at 90.50 to keep me in here. Short term: Possibly a little further down next few days. Medium term: Going for gap fill. Gap support ~$6...

MichaelMF Updated 

Upward channel. Could continue upwards to 319ish while still in channel if we stay above 314.40 Monday. Obviously ascending channels usually break to the down side so small potential supports listed in blue. Gap support at 307 is probably going to be the strongest currently (above 300). Bull case: China said they wont let the HK bill disrupt trade talks. Bear...

MichaelMF

Bull case: Giving out good Black Friday numbers here coming up. 30min and below oversold or getting there on RSI and MFI (exception on 5 minute which spiked to near overbought in final minutes of trading from 40 to 70's.) Short term up could occur soon, but it's looking like Trade Deal or other FA could be the only things to keep the rally going without a decent...

MichaelMF

At 79-80. Negative MACD restrengthened on 4 hr and daily. Daily MFI at lowest since April, while Accumulation at lowest since September. Bull case: Recent gaps are filled, MFI getting close to oversold, RSI on its way towards oversold. Bear case: Retest to 79-80 entirely possible with restrengthening of negative MACD on higher tf. 3 day and weekly MACD looking...

MichaelMF

If this is in fact will play out. Overbought on RSI and on MFI. MACD weakening. Increase in selling pressure EOD to bring RH down from closing at ATH. Could pop Monday and or Tuesday to new ATH before dropping. Pop is from news of Buffett buying into RH. Better view on 1 and 2 hr. But DYOR. looks like this coulda possibly been a cup and handle with a gap...

MichaelMF

Could see a decent pull back here. RSI steep drop, MACD weakening slightly. This post is mostly not about that. We have tops from way back in August 2018 forming a possible upper trend on ascending wedge. 2 Possible bottoms from either April or September of this year. If this plays to Apex we'd see the drop around Jan or Feb of 2020. Red and Black dashes are...

MichaelMF

"USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion, but still 29% below 2013’s record high. In addition, nearly 40% of that income – some $33 billion in total -- is related to trade assistance, disaster assistance, the farm bill and insurance indemnities and has yet to be fully received by...

MichaelMF

These 3 companies were among the 172 facilities that China authorized poultry imports on Friday, yet all 3 were down. Thinking maybe the names didn't come out during trading hours perhaps? This is to see for myself how the China news will effect certain industries for future "progress".

MichaelMF

Beautiful gap up yesterday with no buyers after open to get it above open price. Looking bearish as all get out. ;) Macd turnover. 254 price target to trendline.

MichaelMF

I like the way this looks. Overbought and MACD looking good on smaller tf. Black lines are possible resistance points.

MichaelMF

A wedge, inside of a wedge. Unless some serious cash pumps this upwards looking drop back to 295ish

MichaelMF

Broken out of ascending wedge. MACD turning over, RSI still high with divergence, MFI dropping. Targeting support at 174.

MichaelMF

Appears to be an ascending triangle on MSFT. Stoch cross over and MACD occuring simultaneously. RSI in a good position to reach new ATH. Could see a drop if there's major issues on AMZN's call that effect the tech market, but expecting a new ATH either intraday or close within the week (by next Thursday) pending any tweets. MFI at 57.41 is a bit of resistance...

MichaelMF

Gonna be a rough day today for CGC. Potential breakout coming. Otherwise back down towards potentially $15-$16 range. Waiting to see who wins this one.

MichaelMF

Overbought yesterday on MFI. Breaking trend on MFI & RSI and Accumulation/Distribution could be next. .618 retracement would put it to $149.78 MACD is turning over on daily, and is approaching red on Hourly tf on up.

MichaelMF

Symmetrical triangle pattern, negative divergence. Everywhere lol. August 2019 they forecasted a rough quarter coming up. Is it rougher than expected? Expecting a little more upside maybe until Tuesday, depending on when it runs out of gas on stoch, MACD and RSI Last 2 earnings saw big gaps to the downside. Decent support at $188.79 if it drops out of the...

MichaelMF

I'mma just leave this here ya'll can probably figure out where i'm going with this after a potential mid day draw down... Not advice.

MichaelMF

Getting bought fast and furiously. Assuming this will be too much. BB will get ate up and it will more than likely, like all huge moves, move sideways for a few days unless any other earnings are coming up. Max it can go up before breaking out of the wedge is 22-23 and change.