This is a stock I was hoping to see a bullish rally emerge in but it now looks like the opposite is suggested. The yellow line was a long 11 month consolidation period that now looks like we may not see a confirmation. (still possible but not in the next month). More likely however, I believe this stock will go down. Monthly stochastic showing a crossover and...
6 week consolidation followed by a downtrend confirmation last week suggests a 10% dip in SPX before Christmas. MACD crossover signaling a downtrend about to emerge also. Monthly prices at the end of 2017 closed above the upper Bollinger. Then have dropped below this month. This indicates a likely drop in price. Look for a drop below the 2600 resistance level to...
6 week consolidation followed by a downtrend confirmation supported by a MACD crossover suggests a further 9.28% drop by Dec 17. Bought Dec Puts. RSI indicates there is still selling pressure and the 30 day MA has turned downward.
6 week consolidation followed by a confirmation of a downtrend suggests a 10.5% drop by Dec 10
4% drop suggested in the next week based on a 7 day consolidation with a down trend confirmed. Trend is in line with two other weekly trends I had charted earlier. I bought $146 puts for Nov 16 looking for a quick ROI of about 50% if target is reached by expiration.
I'm not actually getting in on this trade, there is too much uncertainty around Musk and Tesla for my liking at the moment. I have traded TSLA in the past. This is a stock I would like to see get less unpredictable. That being said, the monthly candle suggests conditions for a bull run.
I'm actually long on NFLX stock but I think it'll drop over the next quarter. Overvalued compared to the other streaming services but lots of original content and a huge expected increase in subscriptions to streaming services over the long term. This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts...
Uptrend confirmed after a nice 10 week consolidation. RSI and CMF indicate there is plenty of room to move towards target.
Last 2 weekly forecasts were reached. Now a drop in price is suggested on the monthly. Option pricing isn't great based on the suggested duration and leaves a small margin for error. Could be a play to buy puts if earnings estimates miss tomorrow.
Every time the monthly RSI has dropped to todays levels over the last 16 years we have seen a rally. With a retrace of even the smallest run here (39.55%) we could expect a price target of 170. In consideration with the RHT acquisition this could be significantly higher. I don't usually chart off RSI alone so this is purely speculation. I'm not looking to trade...
Monthly and weekly candles both indicating similar downtrend. Watch next week for tarifs to have a negative impact on earnings.
Could be an upswing on the monthly. Bought 165 Jan calls.
After a 7 month consolidation we have a breakout despite a weak market the last 2 weeks. Approaching oversold, time to buy Mar calls.
VZ has been performing well. Multiple past predictions and future forecast here, all previous targets hit.