The market is wonky. I've been pretty short the past two months on the market, catching the down moves in a lot of the stocks, and when the S&P moved up, the stocks didn't react too bullish. Right now though, in the past week a lot of the stocks turned 180 and are all showing signs of a move up. RSI/Trend/Patterns... It is weird though because right now I am...
look for a shorting opportunity. it might pull back to the resistance trendline, while at the same time being overbought and having a declining 200MA with a lower 50MA at the same time. Super weak stock
on a stage 4 downtrend, probably wont cross the 200MA for a long time so look for overbought conditions and opportunities to sell
we have a mini cup and handle forming while also making a flag. it could break out higher and make the larger cup. looking to trade that breakout.
rcl had a breaking of the supporting trendline but then provided a pullback once it hit the 200dayMA and also formed a stronger support trendline from where it bounced. so right now it is in the middle of two trendlines and also in the pullback phase. it might have formed a mini flag when it jumped back up and consolidated. so i will be looking for a minor pinch...
LULU looks to be on its last leg of its uptrend. The last gap we saw I believe was an exhaustion gap. The stock is very volatile right now and i believe if it breaks the trend line going downward and on heavy volume or breaks the gap resistance a plummet will follow.
Right now we are looking at a potential triple top, we wont know until it breaks the resistance, what i believe to be the 100 dollar mark as it bounced off it before the last dip. But along with that we have a rising wedge while the trend of the stock itself is going down, making a flag/pennant formation. We have not made a new high in a year and a half, and each...
Currently looking to short ORLY. The market is bearish right now and I believe ORLY will follow suite. The stock is in a very large bump and run formation, while also being in a symmetrical triangle. I expect for a breakout to be downward where I'll pick up a position, then add to it on a minor pullback as it hits the moving average. The target price is calculated...
AMZN is hitting a very crucial resistance point where the 200dayMA is matching up with a down trend resistance. The volume is currently decreasing as the stock price was increasing aswell. Looking at the trend the prediction is to continue the lower lows and lower highs, but if the low is increased during this pullback and the volume higher a new bull push on the...
Stage 1 >>> Stage 2 - wait until the market goes overall bullish though