MikeMM

MikeMM

But I actually like the company. And I do think they are going to do well. Im willing to take a shot if it hits the only trendline I can draw that makes sense. Bullish DIV on MACD. I would cut losses if it strays too far below it... But yeah when trash charts like this bounce they put in stupid gains like 300-1000% so not much money is required to make a big return.

MikeMM

I see that we have held support, and were going back for a retest. I don't know how close we get, but if it touched into the baby blue box below, I think that's a great risk reward for a long position. China is beaten down, fudded, this very well could be the bottom. If it goes lower than the support, you probably want nothing to do with it till we see it above...

MikeMM

Would love a retest of the baby blue box, i think I would have to take a shot on this. That area of inflection seems quite important. If you're below it for long that's very very bad, but otherwise... aiming for a large leg up.

MikeMM Updated 

If you do some research, this is actually a company that is set to survive and thrive, as its competition goes under. I think its already cheap, but with indexes beginning to correct, we could go lower. I would buy around the green box.

MikeMM Updated 

It has been over 1700 days since apple has visited the 200 week MA. This is unusual for apple. it has only happened once before at roughly 1750 days. That being said, were in a rising wedge. Markets are way over extended. This is actually quite normal if we are indeed entering a new expansion... But i must be skeptical for various macro reasons. Now that the...

MikeMM

and weak america. looks like a double top m shape to me. time will tell, not that im trading this, but its moves give interesting perspective into the economy.

MikeMM

Very well could be. Dont doubt the simplicity of the artwork. Oh and bearish div on the macd.

MikeMM

I am seeing the 200 week being a resistance, and a harmonic pattern completing right there. If were in for a dip on tech stocks, this would be the time i think. looking for a nice retrace right to the baby blue box. Bearish divergence on the MACD.

MikeMM

I dont know, this chart is a hard one. Turned on a dime and never stopped. Anyway... Big gap has been filled, and were nearing an obvious resistance. If we get a turn here and some wonky Japanese candlesticks then it may be time to fill the gaps lower. Or who knows, maybe its up only like apple... time will tell on this one, but no action yet imo.

MikeMM

I have my eye on google. I am not looking to short it, It is simply on the watch list. I have recently taken profits from higher volatility plays, and i would like to deploy the capital if we get to levels. The macd is showing that momentum is building, it has nothing more to tell me on the 4 hour, daily, or weekly... the obvious area of support is highlighted,...

MikeMM Updated 

Daily gravestone doji at logical resistance. Last time it did this we nuked. Expecting the same here, after this exit scam pump we are head for 38 minimum. If not new total lows overall.. like 20's

MikeMM Updated 

I am not certain how quick or slow we move up here, but I would imagine 8% terminal rate, give or take. This is going to severely harm the economy, and help the strength of the dollar, and also secure it as reserve currency.

MikeMM Updated 

The falling wedge in yellow looks eerily similar to the prior falling wedges, with a macd moving average pattern which has also occurred before. Alternatively, the other pattern which seems to stand out is the descending triangle. It is the teal downtrend line. These two patterns obviously conflict, but given the current sentiment around the usd being bad, and...

MikeMM

Top looks pretty clear to me here, the downtrend to continue thus new low likely to be formed. 69 seems logical... for many reasons... but you know why.

MikeMM

Looking for sub 50 oil. the triangle is essentially drawn between the 200week moving average and the sloping trendline. Target would be slightly lower than 50, which would line up with historical support... USA could reload strategic reserves here and HODL the price. This scenario seems most likely to me, given that stocks look toppy, dollar looks bottomed. AKA...

MikeMM Updated 

Really, I see a double bottom here. Much like the double top... Let me know what you guys think. Sentiment has been terrible, a perfect contrarian bet of buy low sell high is potential here.

MikeMM Updated 

The title says it all. The 786 I am referring to though, is not shown. It is measured from the peak to the low, and we have retraced to it. Right now I am seeing a mini head and shoulders within the larger potential head and shoulders pattern, which is occurring near the end of a rising wedge, after tapping the 786. If were going to head into tough economic...

MikeMM Updated 

Looks pretty darn bottom to me. I stare at charts for 6 years and things just stand out like a sore thumb. I wont even put price targets, cause they will be mocked. New all time highs I would imagine though. Somehow this company will integrate with coinbase, I am almost certain of it.