MichaelMF

MichaelMF Updated 

Money flow is the same as it was at 11:30 yesterday morning yet we're up $4 today. Without major news, unsustainable. We're looking at completely overbought on the daily, falling outside of the bollinger bands. The market is definitely trying to correct this. As i typed this they pumped it up to 168.40ish lol. Up 2% on a stock with bad news daily because a dude...

MichaelMF

CAT appears to be in a descending wedge since around last week. Daily is also looking good for an upward movement. Over sold on daily, momentum gaining, already touched on wick potential bottom from Oct 2018 (also wicks that touched this point), as well as MACD looking solid to invert. CAT hasn't seen upward trajectory since April 18. Once these smaller time...

MichaelMF Updated 

HSY overbought on daily rsi. If its not used as a safe haven today then the drop should start today or tmrw. Worst case well be red by eod thursday. Bulls are gassed.

MichaelMF

RSI Overbought-ish. Not a fan of where the MACD is right now on any time frame, however this trend line is strong. 3 rejections, 2 involving either wedges or triangles. One Dec fear sell off. Good chance this could burst through the trend line, but with June 7th 117 puts at $82.... Kinda hard not to take the side of the proven resistance. HUGE risk. Potential HUGE...

MichaelMF

RSI headed towards over sold. Possible descending wedge. MACD on multiple lower time frames looking primed to invert into positive territory. Could lead to breaking the wedge. No targets right now just watching for the MACD to align right for max gains. Expecting alignment for entry by Thursday barring some ridiculous tweet. Speculative information. Dont listen to me.

MichaelMF

I'm expecting a few days of buyers here. The top at $119.33 could be resistance, but we could go a little higher. RSI pretty heavy, MACD flat for now. OBV is flat, Accumulation/Distribution is bullish. I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10...

MichaelMF Updated 

After a less than stellar earnings, which hit the $90 called for in my previous analysis of QCOM, Price action was too mixed at open for it to be good. -Earnings couldn't change MACD, RSI is still overbought, and looking a lot like consolidation. -Potential for either a rising wedge or an ascending channel. Both of which tend to break with gravity. I'm loading...

MichaelMF

With everything overbought, VIXM and VIIX (both have unnaturally cheap call options right now. VIIX Dec 20 are around 250 per contract with price about $0.25 away from strike. VIXM is around $250 for Jan 2020 calls at $21 strike.) Now with the news of Trump raising tariffs on China from 10% to 25% and Boeing news of KNOWING about something being potentially faulty...

MichaelMF Updated 

Overbought currently on RSI and MACD looking like it could cross over soon. As much as I'd love to see that gap fill from the 14th-15th of April... Upward trend line (in blue) retested on Friday before jumping, BB have cleared way to allow a run up. Ichimoku- Conversion line in blue moving up and away from the base line in red. Wouldn't be surprised if we see a...

MichaelMF Updated 

Watching this for now. Daily, Qualcomm is wayyyy overbought. This could help us understand what's going to happen in the future whether it wants to keep on trucking, or if it's losing some momentum and people are going to take some profits here.

MichaelMF Updated 

MFI- Overbought. RSI- Overbought. Last 2 times it closed at around 70 we saw a red day. Just above 70 has also proven to be a battle ground, Feb 15- Mar 1 we topped just over 70 led us to Mar 4- Mar 7 days of red. MACD is a jokeeee lol bulls appear to be getting gassed out. Lower red dashed line is the top of possible left shoulder, upper red line would be the...

MichaelMF Updated 

-If we close back inside this wedge today then the fake out has been verified. MACD weakening, Stochastic primed to flip now that it's been overbought for 8 trading days including today. RSI sitting around 66. Ascending wedges tend to break to the south. -Fundamentally, FB is ridiculous. Investors want to oust Zuck from company chair as they believe he has too...

MichaelMF

20 hrs ago or approximately that lil tiny red candle Bloomberg reported FB records found on Amazon Cloud Servers. April 2, was the news that FB was casually asking people for their passwords to their personal Emails. If a charity asked you to donate $50 but your personal info would be wide open on Amazon servers for anyone with the ability to access and they'd be...

MichaelMF

SBUX Support and resistance line (blue) has held for a long time. But RSI is high and we are looking at a possible H&S situation. Based on the top and neck line target should be around $67.75 DYOR- running this one for fun after my last misread on SBUX in the beginning of Feb.

MichaelMF

MACD has only broken above 4 twice in it's history (that I can tell) on the daily. Once in February, just eeking out over the 4.0 line. The time before that was in January. Right before that big drop in Jan/Feb of 18. CMF (not shown) appears to be making it's first major downward run as beginning on Feb 22 for the first time since its end on Dec 24. RSI just...

MichaelMF

Possible resistance from June 5th of 2017 on a gap up turned red, getting rejected again on wicks in November 8th and 9th of 2018, and currently around where the wick of 2/8/2019 has hit and been pushed back. More recent moves on the angle on the triangle with some rejected lows. RSI close to overbought, MACD looks ripe for a turn to the down side, Stochastic has...

MichaelMF

Waiting on confirmation here. Multiple time frames work with this set up. (45 minutes close. 30 and 15 for sure.) Feel free to add your thoughts on this.

MichaelMF

Appears to be in a rising wedge, RSI appears pretty bullish working it's way back up to the levels of last January in under a month. MACD is ripping upward and may not see resistance until closer to January 30th (give or take a day). Elliot Wave has just turned positive as well as the 50 day SMA. Need more time for confirmation, however I'm bullish on this until...