StockPickingEnthusiast

StockPickingEnthusiast

IBM - In my opinion this doesn't have the fire power to stay above the fibonacci level $148 or break the $151 trend resistance level. Should pull back to $144-$145.

StockPickingEnthusiast Updated 

SHOP - Shopify has become a little ridiculous. Pick your spots where it seems overly exuberant like yesterday. I purchased put options. Good luck.

StockPickingEnthusiast

Ollie looks like it's breaking out, loaded up on Calls yesterday for the low low. Good Luck.

StockPickingEnthusiast Updated 

It's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in...

StockPickingEnthusiast Updated 

Go long healthcare if anything in this market. Clear breakout signal. UNH XLV CI

StockPickingEnthusiast Updated 

ADBE Touching the top of my channel, on low volume. Move today isn't valid IMO. Opened short term putspread.

StockPickingEnthusiast

NASDAQ:BYND Broke $152 on Friday - likely headed down to $120-$115 level and then next level will likely be $95. I currently own puts in this name. A little summer projection for the beyond meat craze. "Hexane" carcinogen news will likely only gain traction in the media surrounding the fake meat industry with controversy, leading to shorts to pick up speed and...

StockPickingEnthusiast Updated 

Inventories are high for all the companies, this should affect margins. Plus it's hitting its head on resistance right here. Should give some back in a day or two. SMH

StockPickingEnthusiast Updated 

Bought some July 28 $86 Puts. Just looks toppy here. Consensus among analysts is this should be around $76. It's had a nice run over the past month.

StockPickingEnthusiast

Good luck to all! GOOGL

StockPickingEnthusiast

My Channel has been touched - I initiated put position this afternoon with some $129.5 puts. TLT

StockPickingEnthusiast

This one has had a good run. It looks like it has rolled over. I have my money on a pullback to $253-$255 (20 Day SMA) level at the very least. Happy hunting. SHOP

StockPickingEnthusiast

Depending on whether GOOGL blows back above 1200 with some volume and doesn't just creep up to it you may consider shorting it at that level. I'm not sure which way yet.

StockPickingEnthusiast

Check out the trendlines. Will test the $50 and then if it breaks and closes above I'll become even more bullish. But right now short term bullish within that range. STMP

StockPickingEnthusiast Updated 

I was not attempting to line these trend lines up. I just happened to find an amazing correlation from a more recent trend support line to the old resistance trend line from 2015-2018. What does this mean exactly? Well I'm not a pro at this or anything but I'd assume we can use it as confirmation that the newly formed support line is that it returned to is a...

StockPickingEnthusiast

Hey Folks, I've tried my first Elliott Wave analysis - Feel free to leave me pointers. But what I see is a possible beginning of the Wave C of the correction phase. I think the market has seen it's highs for now. I don't think we get back to these levels for quite some time in my opinion. I see a recession in 2020 or 2021. SPX

StockPickingEnthusiast Updated 

Roku peaked this morning at $86 and fizzled throughout the morning. I'm seeing a potential Shooting Star Bearish reversal formation. I believe we continue to drop back down today and next week close or to the $70 level, potentially to bounce off of the $73 fibonacci level. ROKU

StockPickingEnthusiast

Triple top? Held the 100 day but stopped right below the 20/50 day EMA. I'd be cautious long term but will probably have another attempt albeit probably short lived. CRM