Second bear flag in play and the stock is overvalued af with continuous downgrades incoming. Looking for 163,157,151,146 in the next few weeks
The stock has been in a constant uptrend the past few weeks and similar to other coins like STORJ, UNI etc, the stock has potential to retrace to the 3.618 FIB level which puts it at roughly $2.7. $1.8 the 1.618 FIB is a decent entry and if it drops below $1.62, run for the hills :) Goodluck out there and lets make some $$$$
AFRM looks like its due for a bounce. Watch for a dip to 39-40 and a sling shot to 55-62 I'm going to add 05/20 50/55c during the dip
Based on the wave structure, NVDA is gonna either dip and rip to $300+ or if the 618 fib fails its gonna get massacred and drop below $200. Watch how the chart reacts around high 240s and take a position accordingly. I'm entering 280c 04/29 for the earnings run up with a SL @ 242.
The chart is getting more bearish day by day and looks to be in a classic ABC correction wave. Double rejection at 0.5 fib and the C wave has started. All the big caps have started falling. Daily MACD is about to crossover to negative territory. My target for AMD is $70-$80 in next 3 months. If $SPY goes back to $380, I expect AMD to hit high $50s. Like I said...
The coin has been a monster over the past few months and it's time for its correction like all the other coins along with BTC. The chart has been respecting the fib levels so far. Downside targets are 73,63 and 54
$SUSHI has retraced to exactly the 0.5 Fib from its breakdown reversal point to the recent local top at $10.5. Today's dip looks like a Wave 2 but it also provides us a trade opportunity. Entry: Anything below $6.5. SL:$6.2 TP: $10.5, $14, $18
Beaten down, the most celebrated covid stock is down to its March 2020 levels, like the covid growth never happened. Its trading at 45 P/E right now with a lot of cash in hand. I think the bottom is near and tutes have been loading Zoom over the past few months as price was declining. My buy target is 160. Trade Idea Entry: $180C 03/18 when stock hits...
Calling a short-term bottom on CRM here. This is not a bloated tech stock, it's valued over time. They are currently at a P/S ratio of 8 and I think the stock might have put a temporary bottom. All in all, the stock would still go through the market correction cycle in the long term. In the short term, I expect it to close at least GAP 1. Also, notice the stock...
Omnicron is on the rise and the travel season is going to further increase the number of cases in US. More and more people are running for booster shots as well. The stock was hammered last week and is close to oversold on longer timeframes. Thursday saw a nice reversal from 238 for a potential double bottom on 30 mins. TRADE IDEA: 260C 12/31 on break of $253 TP:...
CRM is a stock with great fundamentals and I honestly believe every company would eventually move to a automated customer relations management system. The stock has been beaten down since last month with no changes in fundamentals and I think it might be time for a reversal after the 20% drop. Trade Idea: 01/21 260C on break of 253 in a 30 mins chart Target:...
Next in the FAANMG correction cycle. Microsoft is providing us with a great short opportunity. It has tested 339 over and over and over. The next time it breaks down from 339, I'm loading up puts with a tight SL. TRADE IDEA: $MSFT puts below 339. Targets: 327, 310, 297 SL: $342.24 Buy time on your puts. I plan to buy 340P for 01/21.
Broke down, retested, failed again. As long as NVDA doesn't get above 334, it's a clear short after the insane run. Trade idea: NVDA 320P 12/10 Target: 313,304,295 SL: 334
As long as snow doesn't get above 367, this is a great spot to go short. Targets based on the bear range is around 290-297. Trade Idea SNOW 330P 12/31 Target: 325,307,297 SL: 367
AMD has had quite a run over the past 3 months building a lot of negative divergence in both MACD and RSI (Same as $AFRM - buy time and there will be a dumpster fire). Similar to dotcom bubble QCOM, just another ponzi scheme by WallStreet to ensure the next generation remains wage slaves - totally love this perspective. Having said that: $AMD Long above 164.46:...
Chart has been beaten down badly recently. Heavy inflow and buying the past few days towards close of sessions. The chart can still go low 170s if the market is weak, but the R/R is great here