Hello Traders, My updated anaylsis on BABA is.....................We are going to hit $87 and below...I initially thought we had found a bottom but with last weeks route of the market we have broken, retested & failed the bottom trend line ultimately sending this stock to my initial buy zone...I have no position at this time and will wait to see how this plays...
I have went long on SOFI going into earnings...It has hit my target buy zone and according to some info appears to be going to beat on earnings tomorrow...I have taken the APR22 $15 long call position looking for a 1st price target of $13ish area with a 2nd price target of the $15ish area...Happy Trading!!!!!!!
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Bitcoin has made some ground in the last week or so but I think ultimately this is still going to fall to retest the trendline at 33500ish...I don't see enough volume or momentum to carry this higher than it already is...It's smashed it's head on the .236 Fib twice so ultimately I think we come down...Happy Trading!!!!!!
Hello traders, Z is priming real nice...We have a break out of the trend line, we're up above the 20 & 50 MA's, they killed earnings a few days ago, spike in volume...Just everything looks good to me...I am looking for retest of the trend line before making an entry...If it fails then I do see this dropping down $45ish area for a retest of support, BUT if it holds...
QCOM is one of my fav stocks for 2022 and beyond...It is currently sitting on the 100MA on (support 1) if we get a breakdown of this I see this stock falling to the 200MA next then falling farther to fill the GAP which just so happens to be right around the bottom trendline at the $138ish area...If it breaks down from there then I see it testing support 2 at the...
Hello traders, I have been in and out of TSLA for over 2 yrs now and have kept a very close watch on this stock...I took my biggest loss ever at 10K last year and refuse to trade this stock as I still have a sour taste in my mouth...I know, go figure!!!! This is my thoughts on what happens with this stock...When we had our initial pullback in Dec. I thought this...
I've had my eye on PTON for the last 2 weeks...It appears to be forming a bottom for a potential entry point...I have no money in this stock YET as there is still a potential for another drop to Mar 2020 levels...It has had some nice news with potential buyers and replacement of CEO...They missed huge on earnings (which was to be expected) but I see potential in...
My updated analysis on BABA...It had a nice A,B,C correction that turned into a more complex W,X,Y that is looking for a 4th test of support at the $109ish area...I was initially thinking this could fall to the $80 range but I'm leaning on the retest of support for a potential long with my 1rst price target at the $161 mark to fill the GAP...Happy Trading!!!
SOFI has been plummeting and has a potential to fall below IPO price...Upcoming earnings will play a vital role in determining if that happens...I initially was going to go long at the $11 mark but have since decided to sit and watch for a bit...I really like this stock as it has tremendous growth potential but it's just not ready yet...Happy trading
This stock came out of the gate WAY overvalued...I did take some profit on the way up but I see this falling to the $10/$15 range over the course of the next year...Happy trading
MRK looking like it's about to pop again...Filled 2nd GAP this week with a slight move down with another move hopefully up to fill the 3rd GAP at the $90 range...I am long on this stock
Block (the artist formerly known as Square) has much farther to fall...With BTC being in a bear market currently, SQ IMO will fall back to pre pandemic levels...The stock is overvalued but also underappreciated...I look to go long around the $80/$90 level...Happy trading
Bitcoin retesting bull zone...Possibly retest the 20 MA then a move back down...If this fails this demand zone we are definitely moving back down to 31,000 area
BABA appears to be popping for 1 more drop to the buy zone...Chinese markets and tech restrictions could hold this back longer