PaperBozz

PaperBozz Updated 

Ford is right now forming a cup. Breaking above the prior high of 16.43 could send the stock to $20! Which co-insides with the credit susie's analyst's new target price. Perhaps he did it based on technicals as well? :) Target - $20 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple...

PaperBozz

The price broke down from symmetrical triangle and is resting on support around 42. For the bulls, the hope is that $42 - $38 holds and price bounce back above $52 area. Bears would want to see a break down below $38. Bears also think the chart looks Head and shoulder which I do not agree. Triangles frequently do see single bust pattern where the price briefly...

PaperBozz

SOS is sending out distress signal (S.O.S). The stock looks to be in bottoming process but still too early to tell. You would want to see stabilization between $1.62 and $3. $1.62 is a strong support area. Breaking below $1.62 would be bearish. If you zoom out the chart you can take Jan, Feb 2021 price action as dead cat bounce. Which looks quite bearish. I...

PaperBozz

MLCO has been in down trend descending wedge (some people may take it as triangle) and just bounced off of 100% fib extension of $9.57. The $9.57 is a very critical area for the stock. If $9.57 support fails, the stock can fall to $2.88 with little support in between. For bullish traders, you would want to see 9.57 holds and stock travel up to the upper trend...

PaperBozz

The stock has bottomed with inverse head and shoulder and has broken out above the the neck line $46.20. It could retest the neck line $46.20 before moving towards $54 level. Target 1 - $54 Target 2 - $62.51 Risk - Retest of neck line $46.20 and neckline support failure. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern....

PaperBozz

The stock has been in descending wedge unable to break above the upper trend line. Now looking like inverse head and shoulder is forming with the right shoulder yet to be completed. As long as the stock stays above $75 there is a chance of bullish reversal. $84-$85 area is the resistance area and the neck line of this potential inverse head and shoulder that is...

PaperBozz

Sofi has been testing upper trend line. Looking like it might break out of the wedge. target 1 - $28 target 2 - $32 Risk - fall to $16.98 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows...

PaperBozz

Looks to be forming cup and handle. Rim area is 95 to 97. Break above rim area could send the stock to $115. 🤔👀 Target 1 - $95 Target 2 - $115 Risk - fall below $80 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow...

PaperBozz

If you follow my charts, previously I noted that Visa would go to $150 and it went until $152. Congrats if you took the profit. Now Visa just did the head and shoulder break down. The price bounced from 208ish which is around 50% of the breakdown target $192. The 207 - 208 area is the fib support for both retracement as well as fib extension. It has also acted as...

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Baba hits the upper trend line resistance and retreated. This could potentially form the right shoulder of the inverse head and shoulder with the neckline around $177. Breaking out of the inverse head and shoulder would also mean breaking out of descending wedge. Target 1 - $220 Target 2 - $250 Neckline - $177 Risk - Breaking below 152. ——————————————————— How...

PaperBozz

$GOEV - Canoo is currently in stage 1 bottoming process. A break above $8.50 would mean a break out from symmetrical triangle and the price could reach $12.88. It could also kick start the Stage 2 up trend. Target 1 - 8.50 Target 2 - 12.88 Target 3 - $15 Risk - failure to break out above 8.50 to 9. ——————————————————— How to read my charts? - Matching color...

PaperBozz

BABA has been in descending wedge and recently bottomed around 138 and bounced off of the lower trend line. It has reclaimed the 177 resistance region. Now the question is can it break above the upper trend line around $188? A break above $180 - $188 region, could send the stock to $230. Target 1 - $188 Target 2 - $230 Target 3 - $260 Risk - unable to break above...

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DraftKing hits the upper trend line inside symmetrical triangle and unable to break out. Right now investors are in wait and see mode apparent by the bottomming narrow channel. According to Stan Weinstein's Stage Analysis, this could be identified as stage 1 bottom. Bulls are reluctant to jump in due to over hanging etain offer. However, there seems to be...

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SFT has been painful for the bulls. However things looking to be improving. The RSI is starting to diverge. The OBV is starting to bottom out. The stock in descending triangle and if it can break out above $9, it could get to $15. Entry - (Greedy) 6 -7 Target 1 - $9 Target 2 - $12 Target 3 - $15 Stop loss - $6 ——————————————————— How to read my charts? - Matching...

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The stock has been dropping with seeming no strong support. 122 area has held 2 times previously. With RSI being oversold and been for a while, it could be that the support area could hold. Entry - 122 - 123 Exit - 135 Stop loss - 120 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple...

PaperBozz

BA has been in a channel and has tried 4 times to breakout from the channel. The question is can it do it this time? In a long term channel it broke down from the uptrend channel and since clawed back into the channel. break above $240 could send the stock to $260 and beyond. Target - $260 ——————————————————— How to read my charts? - Matching color trend lines...

PaperBozz

$PFE is at critical junction. If it can hold $43 and reverse, it will have formed double bottome. If it fails to hold $43 we could see 40.71 before attempting reversal. Entries - $43 - $40 (trickle in) Target -$52 Stop loss (for chickens) OR double down! (for brave hearts!) - below - $38 ——————————————————— How to read my charts? - Matching color trend lines...

PaperBozz

MAR is currently double bottomed on 1.382 fib extension support. If the fib support holds and price bounce from here we can reasonably expect to see $149. Good case - $140 Best case - $149 Stop loss - below $127 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will...