UncleBeeB

UncleBeeB

Fib level as of what i see now at .786 looks to be right here. its also where prior resistance may turn into support for the price. also the 200 sma has had time to catch up to the price of the stock and can be another indicator for the patient people on the sidelines that the chart has leveled off for now.

UncleBeeB

nothing dynamic. just a trendline I see

UncleBeeB

General price observation.

UncleBeeB

I drew a red candle on the right side to indicate the type of candle I'd like to see. Doesn't have to be as big as the candle from the Big Rally. But sizeable in nature. I also would like to see the candle occur in very Oversold RSI territory, much like the top was in when RSI was extremely Overbought. Congruency in these two factors would be a great probability...

UncleBeeB

Break down of my count using elliot wave and fib levels. Fibs aren't shown to keep my chart clean

UncleBeeB

Using Fib, Support Resistance. Just documenting my observations

UncleBeeB

Short term trend analysis.

UncleBeeB

Just support and resistance charting

UncleBeeB

The upper part of the triangle has been tested the most. Nice tight consolidation before earnings. Probabily I'd say favors the upside more than the downside, but be weary of a throw over or taking too big of a position without confirmation. Perhaps a starter Position then add more on confirmation. Especially Try to pay attention to Pre and Post Market movement...

UncleBeeB

Elliot wave analysis. Looking at the corrective move based on 5 waves to the downside. target for entry is $3.40 to $3.45. Stop loss would be $3.31. Target would be $5.50

UncleBeeB Updated 

I grabbed in the money options before the breakout. weekly close above 123 confirms move. Target $132. In the money options help against theta decay but cost more up front. This is an earnings play. options that expire August 21 or 28 have lowest theta. Risk/Reward is 3.00 stop loss is low 119's. So long as weekly close is above 123, the 119 stop loss is...

UncleBeeB

it came into the channel and back out again.

UncleBeeB

From a chart perspective. Between Volume differences, Channels, FOMO, FUD etc. These are all the things I see currently and how they are different from the "HYPE" cycle experienced a couple years ago.

UncleBeeB

Daily Timeframe outlook. Market is showing signs of bullishness (regardless of our own lives). This channel has been around for some time. If it plays in the channel a little longer and breaks above it. Good point for entry especially with retest of 135-136

UncleBeeB

It has broken out of the resistance channel and gapped up off the resistance. I'd say this is Bullish. A backtest here definitely looks like a buy if you feel so inclined. stop loss area is a break of $113.

UncleBeeB

Maybe we have an inverted H&S. If so we break above big resistance by Friday on confirmation

UncleBeeB

just a general observation of how spy may bounce off this area that can turn into support. but keep eye if breaks below with conviction (more than 2 days I'd say)

UncleBeeB

What my outlook is on GE depending on Market news. Keeping eye on RSI and Sell off pressure. Sellers are exhausted overall in Bigger time frame.