biscotrip315

biscotrip315

We had a good day today with SHIB jumping over 15%. Found resistance at the upper trend line. It could be soon that we see this break above the upper trend line, then hopefully I'll see everyone on the moon with AMC

biscotrip315 Updated 

We broke through the lower trend line and are headed into a major support area on low volume. If we break below that red line I would be looking for an exit strategy. Hopefully it holds and we get a nice bounce for the rest of the week.

biscotrip315

AMC finding support again on the lower trend line of our bull pennant.

biscotrip315

Starting the week of down 1% but still trading within our wedge. This is the buy zone people!

biscotrip315

Look at the volume and how we're just hovering in this area. Volume levels are identical to levels just before our first run up. Something's brewing, and I think next week will be telling. I just loaded more SHIB earlier today

biscotrip315

Ford hit some resistance and has been consolidating in this area for a bit now. Possible day trades in this area. Waiting on how next week goes

biscotrip315

Not much to say on this, but it's wild to see these two charts. Anyone thinking they'll rally at the same time too?

biscotrip315

All things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.

biscotrip315

Look at the recent levels of volume. It's the lowest its had in a long period of time. Especially today's volume. Keep in mind that short weeks and around the holidays volume drops with people traveling. I'm loading more in this area. Break out is still in play

00:43

biscotrip315 Updated 

Am I seeing a tighter wedge forming or am I just high?

biscotrip315

Updating some soft and hard resistance/support lines Red: Major support/resistance Orange: Moderate Green: Soft support/resistance If you go to the 5m chart you'll see the stock trade pretty easily in and out of the green support/resistance lines. Seems to still be consolidating for a major breakout, I'm predicting to ATH.

biscotrip315

Yes we made all time highs, but we also hit the top of the ascending wedge and found resistance. Do I think Apple is a solid long term play? Absolutely. I hold a majority of Apple in my long term portfolio. But based on what I'm seeing on the chart, I think we pull back, find a support, before we move and break above this wedge, if at all, and we continue...

biscotrip315

Basically the same analysis as some others have already done, just reiterating their points. Massive bull flag and textbook consolidation. I agree between now and next week we will see a major movement one way or another, my bets are on a rocket to ATH. Stay vigilant apes.

biscotrip315

XOM is testing a major resistance, and by the looks of premarket, we are pulling back slightly. My thoughts are a pullback before a break out over resistance. Look for resistance to act as support before making a trade. I'll be looking at calls if this happens. I likely won't be playing puts on this.

biscotrip315

Here you see we are approaching a death cross. Short term I think we go lower especially with uncertainty in the market. Bought puts to hedge against this movement, then buying in my long term portfolio once support is found.