AAPL breaking out of falling wedge prior to tomorrow's press conference. Technicals: Falling Breakout MACD already established golden cross on the hourly. RSI closing in on 60. PT: 132 Be careful as press conference may bring some surprises.
Technicals: MACD: Death cross has already been established with no signs of potential golden cross to be seen. RSI: RSI shows that there is a little bit more space towards the downside before reversal.
Technicals: Potential 2 month long head and shoulders spotted. MACD and RSI signals a continual bear trend(despite short term reversals) Fundamentals: FSLY forming a 2 month long head & shoulders amidst TIKTOK concerns and prolonged negotiations on TIKTOK acquisitions. TIKTOK is currently FSLY's largest customer: delayed acquisitions and potential ban will put...
Technicals: - Bull Wedge breakout detected for MSFT - Golden Cross Detected at the 15 min time frame. - RSI is neutral Fundamentals: - ByteDance the parent company of TIKTOK quietly followed MSFT on Twitter hinting that MSFT will play part of the rumored Acquisition. Have 10% stop loss and Take profit at the 231.07 levels
SPY approaching decade long ascending upper trend-line. Whether you are a bull or a bear, you would agree that there will be strong turbulence approaching this line. Good opportunities for a short scalp. Target VXX , UVXY, and VIX calls with expiration date a few months out to hedge your positions.
ORCL breaking out of days long rising wedge with TIKTOK acquisition rumors coming to a close between ORCL vs. WMT and MSFT. ORCL is at High of Week so it's hard to determine a target. My personal price target is 60. Set a trailing stop for this one. Break above descending upper trendline has been confrimed. Now we wait for Monday.
SPCE broke out of falling wedge but expect more moves to the upside as suggested by MACD indicator with fast lane and slow lane hovering above 0. For a good entry, wait for the RSI to reset below 30. I'm expecting an upwards continuation for this week. Set stop loss at upper descending trendline.
JWN breaking out of a steep falling wedge before earnings coming out this week. MACD showing bullish signs with golden cross. Wait for RSI to reset below 30 for entry.
DKS broke out of descending triangle. MACD signals general bull-trend with potential push to the upside. Wait for RSI to reset below 30 for entry. Fundamentals: Earnings coming up for DKS
Two month cup and handle spotted for MGM. RSI ready for a possible uptrend reversal. MACD still needs a golden cross. Note: A break out on the descending upper trend line of the handle is needed for confirmation.
ORCL has been consolidating lately but new fundamentals elements may push the price to break out of the falling wedge that it is currently consolidating in. Technicals: RSI looks healthy, MACD making golden cross. Consolidation inside of falling wedge(near breakout) Fundamentals: TIKTOK acquisition rumor Note: Wait for confirmation of breakout to be safe.
My last chart for UVXY signals the bears but AAPL is looking bullish with the inverse head and shoulders. RSI is over bought but MACD still in the green for next level up.
Insane big falling wedge consolidation on UVXY on the daily , it's ready to break out sometime in a week or so. No confirmation of gold cross on the MACD yet but it's getting close very close Give it time for confirmation Set stop loss a little below descending lower trend line.
INO forming what seems to be a head and shoulders. Here is why I'm neutral on this: Even though, Head and Shoulders is spotted, it has not break below the neckline for downward momentum. If it bounces off the neckline and breaks out of the descending trendline, then a downtrend would be invalidated and bulls would take over for that scenario. Be on the look out...
Technicals: - Double Bottom Fundamentals: PRPL earnings coming up. They have had a very good earnings in the past. They have created 360 jobs in the past month. Take Profit around 26.20 if breakout is confirmed.
Technicals: - Bull Flag Detected for MSFT. - RSI Hovering around 60 which is a bull signal. Fundamentals: - MSFT reaching deal to acquire Tiktok ByteDance
NKLA breaking out of text book falling wedge. Next target is 51
Technicals: SPCE broke out of our falling wedge. RSI levels hovering towards 60. I expect a break out of the wedge followed by a tiny pull back. After the tiny pull back, expect a target of at least 25.77. Fundamentals: Keep in mind that Virgin Galactic recently partnered Rolls Royce , the second largest maker of Aircraft engines(Besides being known for building...