Stockstradamus_

Stockstradamus_ Updated 

FDX Analysis: On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October...

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Analysis: NVDA is currently consolidated in this rising wedge (bearish pattern) at the overall downtrend resistance area (Key Area). As of December 9th, 2022, NVDA has rejected off of the 200MA on the daily chart forming a shooting star candle pattern (bearish signal). This is also in confluence with this daily candle rejecting the resistance area of this rising...

Stockstradamus_ Updated 

BABA has broken out of mini wedge and has begun to make its way up to the resistance zone between $86.55 and $87.84. We are currently 50% in profit on contracts (BABA $105 Call Exp Dec 16, 2022) entered on 9/23/22 and are making our way to first target ($90). I would take partial profits at resistance zone and look to add at the formation of the first higher low...

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Between 8/3/22 and 8/4/22, MSFT broke and held above it’s daily, weekly, and monthly pivot points after breaking out out of a falling wedge that bounced off of a major demand zone between the prices of $235.04 and $242.38 that was formed back on 5/12/21 - 6/3/21. Currently I am watching MSFT for a reject at the resistance zone between $151-$153 (Note that this...

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SPY has finally arrived to the June 17th, 2022 lows to form that double bottom (Yellow Circle). At the close of day on 9/23/22, SPY formed a hammer candle on the daily timeframe right atop the demand zone . On the weekly, SPY hovers closely above the 200 day moving average. Also, I have noticed that SPY has a MACD crossunder on the weekly timeframe . In contrast,...

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Past Price Movement Analysis SPY is currently moving within a broadening range to the downside apart an overall corrective wave. SPY recently broke the previous structural high at $406, creating a higher high and making its third rejection at $431.71 off of the major resistance line of the broadening range (solid white line). Following this rejection, SPY then...

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BABA has returned to the demand zone within a large range measured between $73.28 and $126.27. It is currently completing a price consolidation within a larger falling wedge at area as well. This is great area to start averaging in a longterm position in addition to the trade idea presented below. Ideally I want to enter trade when stock price drops between $74...

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SPY broke below pennant (blue dotted line) and also broke below $386.83 to create a new lower low. It is also trading in a downward flag pattern. SPYs sell off on 9/21/22 after Fed meeting sent the ETF from $389.31 to $377.38. This move filled most of the GAP between $376 - $379, which was created on July 14th/15th. The 9/21 trading day candle on daily timeframe...

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Could be wrong but this is what I’m seeing on TSLA today. Forming a falling wedge right at the handle of this cup and handle. The current pre market bounce is also occurring at the previous breakout resistance indicated by the two circles. I also found that this wedge is forming between the 61.8% and 78.6% fibs. Lastly, all of this is in confluence with the...

Stockstradamus_ Updated 

FDX has broken out of this falling wedge / bull flag pattern on the daily in addition to breaking the 200MA again, right at previous resistance turned support. It has also broken structure to create a higher high. NYSE:FDX Trade Idea: Wait for pullback & retest of the red wedge resistance line & 200MA to show they have turned support and begin the formation of...

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TSLA is currently consolidating within a pennant on the weekly. Market sentiment suggests possible bearish move below the pennant but with the way the market has been fluctuating, it is more important to wait for a clear breakout of this pennant into either direction. Last week was a bearish week for TSLA. It ended with TSLA showing some rejection of the 50 MA as...

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XOM is consolidating within this rising wedge that is also in confluence with the HTF 68% FIB level as a larger pullback. If price breaks down from this wedge over the next two days, you could see a large move to the downside. Can day trade part of the move or swing the entire move. STEPS FOR ENTRY: - First confirm trend change by watching for price action to...

Stockstradamus_

XOM is consolidating within this rising wedge that is also in confluence with the HTF 68% FIB level as a larger pullback. If price breaks down from this wedge over the next two days, you could see a large move to the downside. Can day trade part of the move or swing the entire move. STEPS FOR ENTRY: - First confirm trend change by watching for price action to...

Stockstradamus_

MRVL is consolidating within this large pennant flag. I have marked levels and alerts above and below the current price to monitor for a continuation upward or a reversal back to the downside to fill gap. Your Thoughts?