CEG attempting to break out of wedge trendline. Looking at the last candle, it closes marginally higher with an engulfing candle and more importantly a lower volume than previous day. Boom!
It is attempting to breakout of the descending channel second time. Looks like it is stronger but need to wait for a strong push or if there is a double bottom.
NASDAQ:CMCSA has a Head and Shoulders pattern on a monthly chart. Good candidate as a form of a hedge to short.
I am seeing a not so perfect cup and handle for $AEO. Rationale that is a bullish stock is because fundamentals says so as their EPS diluted growth rate is more than 100%. Let's observe. Ka-ching!
Swing trade idea NYSE:NUE CCI indicates oversold where previous oversold position enables the price to bounce and head towards the upper parallel channel. Assumptions assumptions! Ka-ching likely. Exit if it goes out of channel.
Observing a pinch between 8 EMA low and 21 EMA. Look positive but need to see it bounces off from here. Usually this run ends with a second surge lower than the first which is observed here.
Observing a pinch between 8 EMA low and 21 EMA. Look positive but need to see it bounces off from here. Usually this run ends with a second surge lower than the first which is observed here.
NASDAQ:LNTH has been exhibiting tame behaviour now that the uncertain period during down trend has caused unnerving traders to buy and sell. It has reversed with strong earnings recently and now is on the uptrend forming the 2nd #Goldencross. I am selling my house so to speak to go all in. LOL.
SOL is breaking out of base after 16 April. Looks like it will continue it's uptrend.
NASDAQ:TMDX had solid earnings yesterday but good to look back and analyse how the stock behaves prior with an undercut and rally #UNR. You will noticed that the 21EMA crosses down the 50EMA and subsequently crosses up. From there, the 8EMA intersect together with the classic "PINCH" to rally. Though the earnings was a catalyst. Institutions would have some...
BITSTAMP:BTCUSD Looking back at the last bull run, there were 3 stages and ended with ugly jagged edges at the top, usually that how the bull run ends when distribution occurs, imo. Now after halving as expected, don't listen to the crap that it will shoot up immediately. Sell on news right? So where to from here. again usually the bull run has 3 stages which...
NASDAQ:NVDA is looking poised for a PMG phenomenon not to be missed. Short sellers will be jumping on bad sentiment to hunt for Low of each candle. That is the STRAT methodology! It works. Bears do all the easy money earning 3 to 5x faster than a Bull! But not easy to short.
Based on the STRAT methodology, it is called MGP or Machine Gun Pivot where Short Sellers will hunt for the many stop loss on each of the day candles on the left! We are talking about another 42% mark my words! LOL! Kaching coming if you are shorting that is. PLEASE this is for educational purpose only. NOT A FINANCIAL ADVICE TO ANYONE! DYDD. LOL.
NASDAQ:STX is showing signs of weakness with a Head and Shoulder pattern. The RSI is also pointing down showing weakness too. NASDAQ:SMCI already is plunging today after holding onto its support zone and had a Head and Shoulder pattern. Follow me on X account JLTrades@VWAPP88
NASDAQ:SMCI spotted Head and Shoulders pattern. Price is holding at support level. Until it bounce or break, will determine its next direction.
Tesla is looking to reverse look to break 185, for confirmation of reversal.
NYSE:ANF Down following news on hot inflation data as catalyst to go below the support or demand zone. To watch when market opens to short it. DYDD.
Strong fundamentals won't protect your stock. As you can see the dip gets lower and lower and you think that is cheap to buy so that is where it ends up.