Triple + top on AAOI at 13. Rejected again today, trading down 3.88%. Since earnings in August, AAOI has been up over 80%. Looking for a pull back to 10 which is the .5 Fib retracement.
Microsoft has been in a bearish channel since July with the 417 area of S/R lost in late August. Microsoft tried to break thru Sep 3 but was rejected. Unless 417 broken, more downside ahead.
Tesla has been in a bullish channel since the August drop. It tested 231.90 resistance yesterday successfully intraday, but closed below. Today it gapped up over that level but sold off aggressively down 8.45%. Interesting enough it closed right at the bottom of its channel, but below 214.24 support. If this can get above 214, go long, otherwise sub 200 inbounds.
Wedge pattern coming to a close by the end of this trading week July 29. If it breaks up, +293 is target. Downside 216. Watching closely.
Wedge pattern on NIO. Should have our answer which way it goes by Aug 7. The fact that Trump wants to increase tariffs on Chinese automakers and eliminate EV mandate one first day in office leads me to believe this will break down.
Been watching this for awhile. PAA Broke out out of the declining wedge, reversed right off the bottom trendline. 8EMA and 8SMA crossover as well as stochastic turned bullish.
Amazon has been trading in this bullish channel since Nov and has reversed off the bottom trend line today. HMA crossing bullish. Long here.
Plains All American Pipeline is forming a bullish wedge pattern. When this break out occurs (no later than June 21), expect a run to +19. With shares, that's not much of a gain, but with options this will be a huge pay off (+100-200%). BUY Jan 17 17C 1.00
Brazil's largest oil producer just announced another huge dividend of 0.339. Ex-div June 12, payment Sep 26. That's 18.76%! Price action is reversing off support of 14.96 and HMA crossed over bullish. We've seen this before back in March from another earnings dump and it recovered nicely.
Potential bull flag forming on weekly. If so, it could reverse off support of 6.50. If that fails, 6.0 is next level support. If that breaks, look out. Earnings were disappointing, missing revenue by almost $8M and relatively poor future guidance. On the positive side, insiders own over 75% of all shares. Short term bearish, long term bullish as long as it can...
Now we might pull back to the bottom trendline, but that is nothing but a buying opportunity. $360 price target from RBC along with a top and bottom (modest) beat this past week during earnings will ensure we continue to follow this extremely bullish channel upwards. Long and long again at bottom trendline.
Boeing is down over 11% YoY and continues to respect this bearish channel. There are now 10 whistle blowers, with 2 being dead. I expect this to reverse Monday. When it does, go short.
BABA has been in this bearish channel since Jan 2023 and trading in a parrel channel since November. It is sitting right above strong support of 70.49. If this is broken next stop is 63.22. The slow stochastic is quite high considering how much BABA has fallen in the last two days. If support is broken go short.
Apple has been in a down trending channel since the end of January and is unable to hold any gains. Today it gapped up on news that it is working with Google but faded from a high of 177.71 and closed at 173.72. Follow the price action down. 170.84 is support. If that breaks 166 is next stop, then 155.
After reaching the top of its bullish channel in late Jan, Google traded downward and is now just below the bottom line. If this can get back into its channel, this will rip. No divergence on the Slow Stochastic or RSI and both are reloaded and pointing bullish. Wait for GOOG to close inside channel and then go long.
Here is a weekly chart of Palo Alto clearly in a bullish trend since Jan of 2023. Massive red candle from last ER but closed inside channel. Nancy just bought $1.25M of Jan 2025 200C on Feb 12. You remember how NVDA did for her? Buy Jan 2025 300C @ 57.00
Apple is right near heavy support of 181ish. Back in Dec of 2021 this level was resistance. If this support doesn't hold, it will be dropping fast to 170 and then 155. Apple insiders have sold 4.4% of their positions as of last week along with big names selling (think Bezo SEED_TVCODER77_ETHBTCDATA:4B of AMZN) as well as all of tech being over extended this...
Extremely bullish channel here. Buy any dips. This is were fortunes are made.