SheepWoolos

SheepWoolos

There’s a few possibilities for GOOG here: 1. Forming a consolidating Pennant/Flag or 2. Forming a Double bottom

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Descending wedge. Watching for an upwards break which is highly likely to happen. All tech should get a bounce in that event. Watching closely

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YETI Short Term View: Long Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode. Long Term View: Short...

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GOOG What appears to be a diamond top seems to be forming with a very clean, decisive break from the diamond, triangle, & 100 SMA. 200 SMA Support is around $2,660. Market Conditions: - Fed taper - Interest rate hike - Inflation - Growth decelerating

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AMZN Continues to trade within the topping trading range. Fierce resistance at $3,570 with two blow off tops due to a very strong, resilient, bull market, with retail buying every single dip. Recent EPS fell below double digits for the first time. Upcoming earnings will show a trend and how affected they were due to supply chain disruptions. Market...

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NFLX H&S forming or has formed depending on your point of view. I think we can see a bounce or BTFD! Especially because we are currently on the 200ma. This is not mandatory if the market really shows more panic and weakness we will get no bounce. Again playing the odds. Tomorrow is crucial to see support kick in, and can even squeeze a quick 9-10% return before...

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Seems i was a bit early on my previous attempt to identify a bottom but an inverse head and shoulders seems to be forming. It has a longer, less volatile, accumulation feel from $23-$25 the past 3 weeks. Time will tell but this is already down (-77% YTD). Poshmark has had good news developing from partnering with SNAP and expanded to Australia and India and...

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POSH is currently down -75% since it's IPO. It was consolidating in for months between $33 and $50 until most recently it dropped to a low of $24-$25. Before the big drop short interest was at 33% with days to cover at almost 3 weeks! Luckily for the shorts, no one squeezed them. Since the drop to the $25 level, short interest has decreased to 5%!!!!! We could...

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Overall market and news sources are pushing for a market downturn. It takes time to see patterns develop in this market. Patience is going to be tested. see attached idea from a few months ago.

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I see the old support between 62-63 becoming resistance. Ideally I want to be long from the current $59 until the above levels and then initiate a short position from there. I still think the market has peaked as there are more reasons for the market to correct than to continue higher. Inflation, supply issues, fed tapering, interest rates rising, a new global...

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We see a clear trading range here for PLTR. If you exclude the extreme pop due to wall street bets it is pretty much trading inside the channel. Until we see a clear break from this trend we can assume it will continue.

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PTON broke through the downside from a H & S pattern during the news about the treadmill recall. More recently it bounced back to retrace and touch the neckline break. Now it seems it is ready to continue lower. The treadmill recall issue looks like it will hurt the company's earnings, giving more weight to this pattern playing out.

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Very large double top here. The second peak occurred during the record breaking earnings, and still the stock rejected new highs and swung lower. If we see a trend line break, this can tank hard. Inflation, Interest rates, supply chain problems, Fed tapering, are all risks to come. Upside seems very limited with the downside simply a lot steeper.

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Massive complex H & S pattern. It may indicate that the top is in. With Inflation worries, Supply issues, Fed tapering, Interest rates to increase, there are a lot of reasons that support that a top may be in.

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POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report. This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall...

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Toughbuilt re-tested the all time lows and seems poised to run higher now. Falling wedge : We see that TBLT broke out of the falling wedge and has been flatlining or consolidating in the $0.70s area. This is a bullish pattern. Kilroy Bottom / Inverse Head & Shoulders: Coincidentally or on purpose, the consolidation in this range is also forming a Kilroy was...

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Asymmetric triangle leading up to the Earnings Announcement. The direction of the break will most likely depend on Earnings. Upwards Target: $32 (if they beat earnings price will be justified) Downwards Target $18 (downside seems very limited from here even on an earnings miss) ANALYST ESTIMATES: Earnings Estimate Current Qtr.1 Next Year (2022) Avg. Estimate ...

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Clean break from a rising wedge. If it can retest the bottom line of the wedge it will also coincidentally form and complete a head and shoulder pattern. Hoping the market is strong within the next 2-3 weeks to give ample time trade this.