SLOPolarBear

SLOPolarBear Updated 

Market seems to be showing an air of restraint as it inches closer to the 'cliff' -- everyone has there eyes on the market making a big ole' fat swan dive into the abyss. Volume is ramping up slowly, and major sell offs always occur on the backside of above average green volume. I'm not seeing any indication of this yet. We've been printing a lot of doji's which...

SLOPolarBear

Looking to enter on the bottom of this pattern around $115. Apple has had quite a run since March lows. It's been one month after another up up up. You can't fault the stock for wanting to rake a little breather.

SLOPolarBear Updated 

This one is starting look decent on the daily. Recent double bottom on RSI and MACD. Volume profile is noteworthy only in that the sellers are drying up. PA forming a nice ascending triangle with higher lows. That inspires confidence, especially against the upper trendline resistance. Looking to open before the inevitable squeeze as price action gets clamped by...

SLOPolarBear Updated 

Nice flat formation on NIO. It's had a heck of run this year. The weekly chart is still strong, which leads me to believe that this continuation pattern will play out. The broader market looks ripe for a pullback in the near term, nothing significant, just enough to get the price of NIO down to the MA (50). Looking to open inside the flag ~$56. Target $72-75

SLOPolarBear

I was in this position on Thursday and rode the breakout on Friday. I didn't like the afternoon selling volume so I opted to move to cash. This is still a very strong setup. If the market continues its upward trajectory this upcoming week. This would be a good stock to enter on the pullback. Buyer volume was strong on breakout, selling volume was pretty heavy...

SLOPolarBear Updated 

Seems like every major green day this stock has had is followed by a sea of red as bag holders jettison while price is up. Today was different, there was a significant sell volume paired with the buying. I'd like to see 2-3 days of green on this puppy to form a bull flag before going really long. I've been buying the pullbacks to the green EMA (20) and it's...

SLOPolarBear Updated 

WEEKLY CHART -- We've been inside this massive bear flag which could very well turn out to be an ascending triangle. I took profits today, expecting a sharp pullback next week. Regardless of the pattern, it seems evident energy stocks need a little sell-off before proceeding higher. Over the weekend I'll be looking at that sector in more detail to identify...

SLOPolarBear Updated 

Next week could be... slick. This one is poised to fall big.

SLOPolarBear Updated 

My projections for the daily candles. RSI broke below 50 and we're still above a double-bottom. The next closest one is $364-366. If we see price action significantly break thru this zone and close at or above it, expect it to continue along the trajectory I've drawn. If we get a bounce (long shadow) off of the dashed green $366, we'll get a bounce back to ATH's....

SLOPolarBear Updated 

Massive divergence in stochastics and volume. Money has been flowing out of this stock since August. Target price $100. If it takes a spill look for a bounce to form a right shoulder. Keep an eye on short interest. GL!

SLOPolarBear

Based on volume profile, bottom of pandemic to present. We want to see the shadow of a candle push thru $369, but the candle's real body should close above it, if we want to remain in bull-mode. A candle body breaking below this point would be bearish, and we would look for support at the next major demand zone. Similar to previous consolidations we've seen over...

SLOPolarBear Updated 

No buyers today. Great day to start short and just watch the profits accumulate. This is the 2-day chart for SPY. We haven't had a significant pullback since September. We're overdue. I've highlighted in orange the bowl price action is working towards. If we get to that low is another question. If we hang out at these prices, we'd need to trend sideways for more...

SLOPolarBear

This stock tends to trail the index by a couple days. Look for rotation into this stock over the next few days to form our right shoulder with a potential pullback and break of the neckline. After examining market indexes over the past week, we're shaping up to see a bit more red, even after that doozy of a red candle printed on the SPX today. As a long-term...

SLOPolarBear

This is a classic descending triangle. I don't trade BTC because I share the sentiment of smarter investors than I (it's greater fool theory, exemplified) but any trader buying this crap given this chart deserves what's coming to them. Probably the most amazing thing about BTC is that it is like an insurance policy against the dollar. Too much liquidity in the...

SLOPolarBear Updated 

Clear divergence on the 2-day chart. Also evident across other time frames. If we snapped back now, it would be a gentle 3-5% pullback. The market is pretty hot right now, so it's quite probable price action and OBV divergence will continue for a while longer. If you need further evidence, pull up a chart from around Jan 16, 2020 - you'll see an identical...

SLOPolarBear Updated 

This stock has fallen out of favor these past few months. Price is trying to stabilize around the EMA's. Planning to go long at the CLOSE today. It's ranging at the moment so it may deflect off the long trend (see arrow), but regardless whether she breaks out or continues ranging, this is a decent entry.

SLOPolarBear Updated 

Look at that long, steady rise in RSI. We'll be triple-topping soon and I don't expect it to pullback and retest after it pops above $516 - next stop 525-530. If price breaks above $530, expect price action to go full parabolic similar to September 23. Sellers will be quick to jettison the second any weakness appears on the 2-min charts. Once RSI breaks above 70...

SLOPolarBear Updated 

Nice bottom formation. Added a round lot to my dividend investments account. Stocks like this are going to look really good in a few months, I plan to hold indefinitely.