RedKTrader

RedKTrader

MSFT saw a smooth and easy push thru the resistance range after the market weakness last week - and with reasonable demand. we can expect "favorable winds" to continue in the short term, and new ATH's !! My estimate for the current move is $14.5 from the reversal level @ ~ $195. so our next target is somewhere around the $209.5 level - remember, no one can tell...

RedKTrader

this is a bit of a different perspective using Renko 1hr/$0.5 blocks it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may...

RedKTrader Updated 

here's my expectations for this move - it's possible TWTR eases up to the $28.3 - $29.3 range, then from there continues the move up not expecting the current news to hurt TWTR that much - there are much bigger forces at play to drive the stock price - and in my view it's mostly large investors dictating how this plays out.

RedKTrader

here's a quick analysis of 5 trading weeks of MSFT using the 4h resolution - using our VViewer to inspect the estimated supply & demand 1. last Friday, MSFT made the 3rd attempt to break above the $187-$188 resistance and go into a new ATH 2. according to the chart, this was the first time it did this with determination (increasing demand) - the past 2...

RedKTrader

the chart shows a possible scenario if INTC can maintain the gains it made this week, getting into a new range - big part of that depends on what happen at the open next Monday - so far we see this move above the $63.5 has some demand & positive sentiment behind it, which sends an optimistic signal that it may hold to that new range. the problem with INTC is it's...

RedKTrader Updated 

beautiful pattern and a breakout at the end of the day today.. Seems the move up hit some buy stops that were waiting the breakout first target hit, and looks like there's room to move higher. let's keep watching (and holding)

RedKTrader Updated 

our long is in the red - but not by much - so continue to hold. updated with key S/R levels and a possible price projection if the bulls can clear the $75.40 level - preferably before close of market today to show strength let's keep watching this!

RedKTrader Updated 

projection update for the spring breakout move from yesterday. our target is $22.4 if we can hold the $19.8 level and break expected resistance at the $21.0

RedKTrader

i started to watch PINS recently and got to like the price action - the chart says it's ready for a fresh breakout. initiated a long. here are the price levels to watch for the next few weeks the 1hr view looks even more promising

RedKTrader

$190 is the big break -- and if MSFT can get thru that, the 200's will open up. until this happens, we can watch the key supply/demand levels on the chart for me, we're still not at a good entry, unless we want to "scale in" -- but i'll wait a better price let me know your thoughts.

RedKTrader

I initiated a long on INTC a week ago, guess i was too impatient with the lack of action recently. no regrets, as this position is planned to be a buy-and-hold for few months. i like INTC and believe it's one of those value plays - especially with 5G potential - will accumulate if it goes below $56. short-term, i still maintain a 10% upside to the target...

RedKTrader

Initiated a long - possible 10% to 14% upside short term - looking at $88 maybe higher GILD is getting net new committed business (orders) from outside the US market for Remdesivir will feel much better once GILD clears the red zone - a retest into that zone won't be a very good sign.

RedKTrader

Still test-driving my simple VolumeViewer script - which i sometimes use to explore supply / demand levels and balance zones quick check if any one interested to help test that indicator? if there's interest i'll publish it along with explanations & proposed usage.

RedKTrader

clearly the answer to my previous question in the linked post is "yes! they can" :) .. amazing! although i didn't expect it to come back and hit both the same projected target & time - and no i didn't take that trade, i hope someone did .... (with some may or June CALLs)

RedKTrader

AAPL hit 3 consecutive price projections and is currently showing signs of a possible pullback (the fading demand / momenum on BoP and MACD). it's not clear how strong that pullback would be but it will be short term and i'm waiting for a chance for re-entry to the long side :) comment and share thoughts if you agree

RedKTrader

SNAP showing signs of strength - already broke above the 1st range on a backdrop of demand (Volume Viewer) and bullish sentiment (green BoP) getting ready to break the 2nd range and move above $18 ? will come back and add a price projection shortly

RedKTrader

test-driving my new "VolumeViewer" using QCOM - to find key supply / demand balance levels. the key balance levels are found either as the VV crosses 0, or when it changes direction and they usually correspond to S&R levels for the underlying. note: i'm long QCOM and looking for opportunities to add to position.

RedKTrader Updated 

i still like PYPL - and i beleive it was on a growth track to hit the $130 level, which was interrupted when the global / US market got hit by the CV situation - as a business, the fundamentals are still right and sound (don't want to say "strong" - i'm not qualified for that :)), and that's a business that shouldn't much impacted by the ongoing situation, on the...