MichaelMF

MichaelMF

Gota lil set up looking like a wedge on the weekly. Fake out on bottom trend few weeks back, other than that decent. MACD looking to turn up, Stoch just starting to cross and earnings RIGHT around the corner (Oct 24th)... Could see it hit back to 1940's-1960's area or higher over the next few weeks. 1940's-1960's could set up a possible H&S pattern to watch out...

MichaelMF

Currently long on CGC due to overbought on multiple lower timeframes. Sold shorts too early but still was up about 70%.

MichaelMF Updated 

Watching to see if either at make or break. My guess would be due to MACD and Stoch that we will see it go up, but we know what a mess the weekend can cause during this trade war. Waiting for confirmation before buying in.

MichaelMF

Purely from a speculation standpoint based on potential technical indicators. Do not take this as advice. We see on the daily the ascending triangle is in play still. Pending macro economic events (or tweets or someone saying "China" the wrong way), looking at $300 in the next week or so. Could easily see a new ATH if things go correctly hitting up to around...

MichaelMF

Possible triangle with some sideways movement back from Feb-Mar 2018 (Black dash). Trend line from July of this year (blue line). Daily- RSI Overbought, Stoch Overbought, Nice Volume the last 2 days from good earnings, candle closed outside of BB. 4 HR- RSI Overbought, Stoch Overbought and looking like a potential crossover coming, Last 4 hrs of trading was about...

MichaelMF Updated 

CGC drop again. Down to 20's more than likely. Don't take this as advice.

MichaelMF

lol. HOW IS THIS NOT 0?! It's like every few months there's another unethical to potentially criminal thing coming out that FB has done. Hopefully the accountability for privacy that the FTC was holding Zuck to will carry into their anti-competition policies. www.washingtonpost.com

MichaelMF Updated 

Looking good for a long, and they're cheap in Octobers. Don't take this as advice.

MichaelMF

-Possible divergence on Accumulation/Distribution -Potential wedge on the daily. Expect possible up day tomorrow barring any trade news, then fall out next week. I currently hold a long position. Do not take this as advice. This is for fun and to watch my skills or lack thereof. lol

MichaelMF Updated 

Top trendline was drawn weeks ago and just extended out of curiosity. That trend has held up pretty well having only been crossed once. We'll have to see if it holds again. Going back to July 31 with last rate cut by Fed we saw some red. If that's indicative of what's to come with this expected cut, this could set up perfect for a LARGE drop. Top trendline goes...

MichaelMF

Could find trouble at this gap fill and turn red. Gonna continue to watch this for confirmation of either RIP or Dip. Daily MACD and Stoch give me a slightly bearish bias next week on current conditions. 2 hr MACD is ready to potentially turn if no major RIPS occur. Stoch has been just floating overbought for 6 days and the RSI is overbought. Could see a shot...

MichaelMF

Looking for confirmation on possible breakout on ZG tomorrow. MACD and Stoch look promising, RSI just out of oversold. Accum/Dist is showing steeper accumulation than in the last month. Confirmation may be looking to pick up a few October calls if Volume is right. This is not advice, DYOR.

MichaelMF

Probably gonna see FB retest 179 support from like 2 weeks ago within the next week. Potential break out, but MACD is also turning against the bulls and Stoch turned the other day. HOWEVER. RSI on FB has been in a trend that's broken only once for 3 days. Trend started Aug 5. It's held pretty steady upwards. You'll see almost every touch on that trend line has...

MichaelMF

FB getting bad news this morning. Could see a drop on Risk Free Friday. already down like $1. could see some gaps filled. This draw up is just a possibility. could see it cover a few gaps from the last few days and a potential Inverted H&S pattern could occur. This is purely speculation based on people love this stock even though it's a horrible company. Case &...

MichaelMF

Possible retest of the 150 again next week. If that fails then gonna watch the $145. Lots of movement in between, TA: the BB was catching up and looked overbought causing buying. FA: tweets and jawboning caused buying. LTF: 2 hr MACD is getting weak, Stoch Crossed, all that. Will be watching for retest Gap Up Tuesday as well as watching what China does with their...

MichaelMF Updated 

Unless they do something stupid and it drops to next gap fill at 177ish, we've got some positive looking RSI and Stoch. Lower time frames looks ready to pop up on MACD. And tomorrow is risk free friday... Wedge is kinda weak though. But ppl love this trash for some reason. Wouldn't be too surprised if we see it drop though lol. Waiting on confirmation. This is...

MichaelMF

Possible triangle set up on the weekly. Daily MACD looks like it could turn at some point soon. Daily RSI is way overbought and stoch is close. Could go either way. If daily cooperates this could play out very well for a long over the next few weeks. Gotta watch twitter though lol Reminder, this is a weekly view lol. Do not follow this as advice.

MichaelMF

Red dash is potential support. Black dash is potential support. MACD getting stronger to the bullish side on the daily, however lower time frames are looking bearish. Could maybe see some more downside tomorrow. Definitely looking to catch the long once we confirm reversal. The gravestone doji currently setting on today's candle is messing with me though lol....