Stonkademy

Stonkademy

Not saying it's going to happen, but just sayin...

Stonkademy

Tesla has been on a healthy run for the last few days. It bounced off the 100 day EMA, and subsequently pushed up through the 50 day and the 20 day EMAs respectively. It's facing resistance at $1070, but if it's able to break through early next week, we will be looking at a nice crispy bull flag setup. A breakout from the flag would occur around the $1100...

Stonkademy

AMZN got rejected hard and was unable to break out of the megaphone this morning. Based on the TNX breaking out, it looks like AMZN may be out of time for another run in the near term. Last year when TNX was trending higher, AMZN along with its mega-cap FAANG peers, were completely sideways.

Stonkademy Updated 

After successfully following our pattern for almost 30 straight days, AMZN was completely derailed with the rest of the market by the uncertainty surrounding Evergrande. I'm thoroughly convinced that absent that factor, we would have seen a continuation of the previous trend on Sept 20, with a retest of the heavy resistance at 3525 and a breakout toward ATH. Now...

Stonkademy

MAR broke out of a descending channel around Sep 10, and started a bull run toward resistance at 145.98 where it rejected and began to flag. It broke out of the flag on Sep 22 and proceeded to smash through resistance at 145.98 and 150.65. Price appears to be moving at the same angle as the initial move and it looks as though it may retest the ATH by Tuesday 9/28....

Stonkademy

CMG is building a potential bullish flag on the 1Hr based on the run that began on Sep 20. Although the flag is only partially formed, price has closed above significant resistance around 1938 signaling it could actually break out from here. However, if it gets rejected from this level and ultimately breaks out of the bottom of the flag, it could set us up for a...

Stonkademy

AMD has been building a bullish flag pattern on the Daily or 1 Hour chart based the run that began July 19th of this year. It's been testing resistance at the top of the flag for the past two trading days, but it has not broken out yet. If we get a breakout of this pattern to the upside for the continuation, we could see the beginning of a $35+ run toward the ATH...

Stonkademy

WFC has been building a Cup and Handle on the Daily since approximately Feb 20th of this year. This cup also happens to have a bullish flag within the handle. Price has already broken out of the flag around 47.50, and subsequently broke through significant resistance around 47.80. WFC ended the day Friday 9/24 retesting this level as new support, and it is setting...

Stonkademy Updated 

AN has been in a near term uptrend for the last 10 days. It just bounced off the trend line and is setting up for an entry if it breaks above 127.35.

Stonkademy

After DDOG filled out our previous chart, it continued to respect the channel until it broke out to the upside on Sept 22. It is currently retesting the upper trend line as support. If we get a bounce from here we could see a new trend angle established, and a set up for entry if we get a break above 151.00 for the continuation.

Stonkademy

As we all know NKE was forced to shut down their manufacturing facilities in Viet Nam due to the pandemic, and this represents 51% of their manufacturing capabilities in Asia. As we also know, NKE's largest customer in Asia is China, where they generate approximately 5+ Billion in revenue. It has been reported that NKE was put in the corner due to political...

Stonkademy

DE appears to be in an accumulation phase after reaching an all time high back in May. It's been building a large bullish flag on the Daily/1H, and in order to complete the pattern, we would need a pullback to around the $320 level somewhere around Oct 5. This would present an opportunity to enter long off a bounce from $320 and a run toward $378. If this goes...

Stonkademy

DDOG has been in a bullish trend since the last two earnings surprises. This chart highlights a possible move back to the top of the channel over the next two days. Enjoy!

Stonkademy

Some updates based on how this theory has played out so far... I noticed current price action has begun to mimic the early stages of the 2021 Prime Day run. I highlighted the price action in pink (labeled #1) and copied it back to the run in April (#2), and forward to the current run (#3). As you can see the pattern lines up almost perfectly. The pink boxes...

Stonkademy

In the current year, Amazon has repeated this pattern twice, and is currently setting up for a three-peat. Around 19 February, Amazon slid approximately $400 until 09 March when it consolidated for exactly 16 trading days before proceeding to run approximately $600 over the course of 22 trading days. Again, on 30 April, we saw another roughly $400 drop. Then...