Wednesday Amazon broke through my original wedge and stayed above on Thursday while closing down slightly while overall trading higher. Friday it closed slightly above while breaking through on the trading. Possibly too tight of a wedge drawn; updated my charts with a slightly more open blue wedge not cropping off the mid-October high. The price really is zeroing...
I'm looking at opening a long position in Dollar General. It currently seems fairly valued and may have limited downside potential and has had a strong steady upside trend in the long term. My current thinking is that money is moving around between stocks to shake out some gains as money flows out of stocks that have done well through the pandemic and into...
Looking for a bounce back to the upside on HD this week or a drop to the 200 MA. In my thinking, there are two entry points here depending on price action. Reversal today or this week and buy around $265 with reducing or selling position at $287. Stop-loss around $260.75. If the drop continues then looking at a slower accumulation of a short-term position between...
Quasi technical: Amazon is coming into a breakout point. I'd never bet against Amazon long term my current holding is long. Waiting to see which direction it breaks out of the triangle before adding to my long position. If it breaks out down adding shares after a few down days. For what it's worth SimplyWall.St has a fair value for Amazon at $2882.53. With high...
In my view, today was a pivotal day, and my heart rate felt 20 beats faster all morning long because of it. Equities opened higher than a resistance level set March 26 and 30th (S&P 2625) only to fall at the close. Does this start the formation of a mini double top? Gold touched a previous resistance level that it fell off a cliff from last month. The state of...