RaftoO

RaftoO

Anyone else catch this today? Looks much better on the 1min & 5min charts tho, looks like shorts took their positions in the morning, and bulls are slowly loading up throughout the day (at this point in time at least). Earnings coming up, if they surprise, expect a squeeze tomorrow morning. I sold at the red arrow: $46.00 Re-entered at the green arrow: $41.68...

RaftoO

Another day, another "coincidence" I love following the SPX for many reasons, namely to help me understand market sentiment and price movement in the short/medium term. A lot of investors neglect how conclusive the indices are. My favour ways to gauge and draw conclusions from this index are: - Using old ATH's as reference points for future support/resistance -...

RaftoO

Again, playing around that 44/45 price zone, I'm confident once this level is broken it'll retest then move its way to 55/60 price point by February 2021.

RaftoO

Hey all, I've been meaning to make this post for a while however, I've been quite busy with school. If anyone follows econometrics, you will know the USD is projected to depreciate by approx. 20% by the end of 2021, let's discuss the implications of this and why I am now (more than ever) bullish on both the US economy and the stock market. Let's take it way back...

RaftoO

Three times Nio rejected the 0.382 Fib line, showing signs of strength coming off Friday lows. I like to compare Nio to FinTech/SaaS stocks because I find they tend to move up or down on the same days, overall Nio was very resilient today and upheld a rotation into industrials. Once Nio passes 49.34 I am about 80% confident it will close above $60 EOY. Santa...

RaftoO

Patterns have a funny way of repeating themselves, 1hr chart to see it better I won't point it out, but if you see it you'll know :). I have a good feeling about this week, market seems to have finally agreed on a direction, however, I'm still awaiting some sort of political shock that'll solidify the uptrend. I'm looking for a move to 3700 then a throwback to...

RaftoO

This graph shows the relationship between the USD and the US government deficit Purpose: FINA 470 Project #2 Start: Trump Inauguration (January 20, 2017) End: Government balance sheet for the year ended September 30, 2020 Author: DBR

RaftoO

Sold NIO at $46 I will re-enter on monday or some time next week, or I will take my proceeds to another stock I am still long though! But profit, is profit. Never let your emotions get in the way of your money

RaftoO

History loves repeating itself Check the two red arrows, both instances of sell-offs that find support at the previous gap up. Very possible this keeps falling. What goes up, must come down. I am very bullish on Nio, as I've stated in the past

RaftoO

Retest off the pennant, let's see if it breaks or holds. I think it'll break down before it breaks up. Bearish in mid-term, bullish in the long-term FYI: I've never pointed this out but all my trade ideas are short-term, around 1-7 day holding period max

RaftoO

Updated my Fib, looks like Nio's making some moves to channel between $43.77 and $45 range, this is a step up from the $39-42 range. This is a prime example of what I like to call the institutional staircase, i.e big buyers loading up slowly. Move the $46+ is huge going into earnings next week Green arrows show the old ATH being broke through

RaftoO

4hr and 30min charts, lets run it 4hr first: 4hr chart is playing our like my SQ chart, very interesting in my opinion, probably because they're bundled together in some ETFs (ark) and have might have plenty of common shareholders. Anyways, NVTA too rejected a breakout on the old ATH then found support on the old trend line, this is playing out nicely. I am...

RaftoO

And finally, SQ on the 4hr and 1hr charts, 4hr first: SQ entering another bullish channel, rose way too fast too soon, so I'm expecting it to climb past $200 by the end of the month. Today was a good time to add to a position when to broke bellow the white dotted line, I sadly was out and away from my computer so I missed it. 1hr next: On the 1hr we see SQ...

RaftoO

Here we go again, same as TSLA & NIO, 4hr and 1hr charts, Lets begin with the 4hr: AMD's price movement has been quite easy to predict as this too plays out the market. Looking at the 4hr we see a breakout from the descending triangle, then a rejection at the resistance line, perfectly normal. Now the 1hr: This is where it gets interesting, we see that hammer...

RaftoO

Similar to NIO, here are the 4hr and 1hr chart, Lets start with the 4hr: The pennant is playing out like planned, staying within the trading zone, very similar to how the indices are playing out, very coincidental eh ;) Now the 1hr: Similar to NIO, we see this hammer candle that instantly reverses the breakout down, expect some more volatility followed by a...

RaftoO

Taking a look at the one-hour chart, we see a failed breakout up AND a failed breakout down, in my opinion this is perfectly normal. I am expecting a few more days of volatility before a big move to the upside. I would hold shares and maybe load up at the 39-40 dollar mark. The hammer candle set up beautifully played out at the 2.618 fib line. Coincidence? I think...

RaftoO

The goal of this post is to explain the market going forward and clear up a misconception about valuations, and market growth: Firstly, Quick look at the graph we see, what could have been, a breakaway gap out of the pennant, however the breakout failed. Finding support back at the resistance, interesting to see how this plays out. I am bullish. Now, lets talk...

RaftoO

I think this will breakout to the upside sometime this week, short-term trade or long-term hold, I love this company ArcherDX was a great purchase and I don't believe the market fully priced this is yet