aferraram

aferraram

After large spike in gas/oil prices recently a correction is in order. Looking for this bearish trend to continue and for CVX to retest resistance before going to support.

aferraram Updated 

Opening up Puts expiration 8/9 (tomorrow) with $445 price target. Spy had nice rejection of resistance today expecting it to continue its bearish run as it makes its way to its support into tomorrow. This is a swing trade expiring tomorrow. Manage your risk!

aferraram Updated 

(1D candles) Disney has been forming a wedge as their nightmare year continues. Besides all news going against them (writer strike, poor film performance), it has been consolidating nicely and it appears there is now light at the end of the tunnel. I expect a large spike in price by the end of this year so keep an eye out for a cheap discount on DIS stock...

aferraram

Apple just broke down from its rising support on the YTD chart. Keep an eye out for new support at around $177.30. RSI and the big down-gap indicate a potential markup before plummeting down. When support breaks new price target is $157. The macro-environment makes this even more bearish but wait until bounce and retest on current support before getting in.