Will there be more upside? Plan your trades and trade your plans. Trade responsibly. Cheers and congrats to those who followed me in on this trade!
Continuation of distribution and no interested buyers. Price is headed towards the next fib retracement level at $9.50.
Amazon has been forming a bullish flag based on the 100% fib extension support around $3000 - looking for the next price jump to reach around $4020 to the 1.618 FIB extension level. The recent upgrade from Mizuho's James Lee to $4000 certainly helped the momentum as we approach both Amazon Prime day on 10/13 and the run-up to the 2Q2020 earnings on 10/22 as two...
This has been consolidating to form a beautiful textbook bull flag on the 4-hr chart. Using the top trendline as a potential target, we could see price ranges to around $135-135 before a correction/pullback.
CRSP had a recent pop due to the Nobel prize announcement - after a little pullback and consolidation at these levels, it looks getting poised again to reach ATHs. Long price target $115 minimum. A great fundamental and technical set up. ARKK ETF's #2 position in their portfolio. A great disruptor in the genomics sector.
According to chart, it appears that insiders are methodically dumping their shares every the price breaches the $10 threshold. No position and don't like this ticker - they have turned a profit in over 17 years.
The $32 million offering at $52/share was the catalyst for correction. Speaking from a purely technical analysis perspective, we could see a retracement down to the .618 fib support levels around $43.79.
6 Continuous days of sell-off - needs to correct to support levels between $45 and $50.
The trend-based fib extension of 100% takes us past $30 as our target. Upcoming near-term catalysts. Long.
NIO has been consolidating in a narrow range for several weeks - with $TSLA breaking out to all time highs and EV being hot again, in addition to potential rotation back into EV stocks, we could see a huge breakout to the upside. Holding long and strong for a China growth story.
Possible Wave setup with a positive earnings catalyst. We're long here.
Lockheed has been consolidating in a strange range for quite some time. Could be setting up for a bullish run if a golden cross of the 50 over the 200 MA.
FB had a big earnings beat - the market is reacting very positively after hours. This is a big win despite the recent narrative of advertisers boycotting Facebook, which in my view is a perfecting buying opportunity since all of these virtue-signaling activities are politically motivated and EPHEMERAL. Facebook is THE place to advertise whether you like it or not....
Headed lower towards the next support at the .768 fib @ $42.23. Sentiment is poor with bad news after bad news. Institutional money is flowing out - looking dire.
Long trade to $25 target. If breakout, then hold for higher highs.
Massive money is flowing out of Intel and for good reason. May see new lows ahead. No position.
We're looking for some positive momentum to fill that gap at $59. With upcoming earnings and the stay-at-home narrative in full-effect for educational institutions, forward guidance will be key in determining its next move. First target $53 then $60.