chiefwils0n

chiefwils0n Updated 

Greetings All, TSLA formed a bearish pennant on the daily, which means a breakout is imminent (typically to the downside). Volume is declining as expected in a pennant pattern. The 100 EMA coincides with the %50 retracement from ATH of $900, which is acting as support. If TSLA breaks to the downside, target the 50%, 61.8% and 78.6% retracements shown in the...

chiefwils0n Updated 

Greetings All, SQ completed a 78% retrace from its ATH of $283 recently. There is also support at the 50% retrace ($242) as evidenced by the volume traded on that day (it was an earnings day) and the outcome of the candlestick. I anticipate SQ will close the $265 gap in this week’s candle, however SQ may retrace back to support ($242) before doing so, in an...

chiefwils0n

Greetings All, Funny thing - I created this idea yesterday evening, but never published, because I thought.....nahhhhhhhhh. Boy was I completely wrong!!!!! Happy Trading ;)

chiefwils0n

Greetings All, Based on the rounding top pattern, I'm bearish on MRNA in the short-term. Target $116, which is also the 61.8% retracement level from the ATH ($189). Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other...

chiefwils0n

Greetings All, I anticipate a swing to upside as TSLA completes either a 50% ($665) or 61.8% ($607) retracement. I’ve linked my previous TSLA ideas below, if you want to see the “bigger picture.” If TSLA bounces off the 50%, great! If not, no worries. We’ll track it down to the 61% retracement from an ATH of $900. Pay attention to the yellow circle on the wave...

chiefwils0n

Rounding top patterns are intrinsically bearish and usually signify bearish reversals when they form in an uptrend. The first rounding top in the chart is between 04 - 23 Nov 2020. However, instead of a bearish reversal, AAPL rallied to new highs in the following days. The second rounding top pattern occurred between 01 - 16 Feb 2021, and this time, it resulted in...

chiefwils0n Updated 

Greetings All, SQ appears neutral-bullish based on the following: 1. SQ has retraced and consolidated around a key-level of support (180days) around $230, which is the 61.8% retracement from resistance (all-time high) of $283.12. I anticipate SQ will bounce upward from this level. 2. SQ is slightly below the Monthly and Quarterly EMA, which I consider an...

chiefwils0n Updated 

Greetings All, AAPL printed a bearish weekly candle this week, with declining momentum. We witnessed a similar scenario back on the week of 26 October 2020, where AAPL closed below the 50EMA, but rallied on the following week with a close above the 50EMA. I'm hopeful the pattern will repeat next week. I also appreciate that AAPL is in the bottom of the 40-week...

chiefwils0n

Greetings Investors and Traders, I'm remain bullish JMIA. Observe the rounding top pattern formation. You can read more about this pattern here: thepatternsite.com Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other...

chiefwils0n Updated 

Greetings Investors and Traders, I'm bullish JMIA based on the following: Bullish Factors 1. Bullish flag pattern formed on the daily chart. Watch for a channel breakout, with volume confirming the move. If valid, target resistance around $70. 2. Rounding top formed pattern formed on the daily chart. Strategy 1. Consider the 16 Apr $60C, $65C, or...

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Greetings Investors, I'm bullish on PLTR , based on the following: Bullish Factors: 1. Bullish abandoned baby pattern formed on the daily chart, indicating a strong reversal. 2. Price fell below the 20/50 EMA, and quickly recovered, forming solid support around the $25. Price between the 20/50 EMA is a classic buy zone. 3. Bullish RSI divergence on the...

chiefwils0n Updated 

Greetings, I'm bullish on SHOP based on the bullish flag pattern forming on the daily chart. In the short term, however, SHOP is bearish while it completes it's pullback. Daily (Bullish) 1. In interpret the decline in volume and price as a bullish pullback (bullish). 2. MACD crossover (bearish). 3. SHOP is between monthly and quarterly EMA (buy signal). 4....

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Greetings Investors, I'm bullish on AMD, based on the following: Bullish Factors: 1. Cup & Handle pattern, wherein the handle looks to be complete. Watch for a breakout above the upper line (blue) of the channel. 2. Double bottom, establishing firm support around $74, which is also around the 38% FIBO on the weekly chart. 3. MACD indicates bullish strength....

chiefwils0n

Greetings Investors, I’m slightly neutral/bearish on AAPL, based on the following: Bullish Factors: 1. AAPL is slightly below the 20/50 EMA, within a larger uptrend. This presents an opportunity to buy low. 2. AAPL has not broken the overall upward trend that began in Nov 2020. 3. AAPL is almost 2STD DEVs from the mean price (red-dotted line) of $137. AAPL is...

chiefwils0n Updated 

Greetings Investors, I'm bullish on TSLA based on the following: Bullish Factors: 1. Bullish Double Bottom formed on the daily. 2. Support at the 23% FIBO, indicating a strong trend. 3. TSLA is between 20 and 50 EMA - classic demand (buy) zone. 4. TSLA is near the bottom of the Bollinger Bands - a potential entry. 5. Momentum is neutral. 6. Volume decline...

chiefwils0n Updated 

Greetings Investors, I’m LONG NIO and BULLISH based on the following: Bullish Factors 1. Bullish flag pattern formed on the daily chart. 2. Strong support at the 23.6% FIBO level, which represents a strong upward trend. 3. Bullish consolidation at the 20 MA, before continuation of the previous trend. 4. Bullish MACD histogram Strategy 1. Consider the OTM 19...

chiefwils0n Updated 

Greetings Investors, I’ll bullish on PTON based upon the following: Bullish Factors: 1. Strong uptrend since May 2020, with classic pullback and bounce from 38% FIBO. 2. PTON has pulled back between the monthly (blue) and quarterly (orange) EMA, a classic buying zone. 3. PTON has been rejected at $168, which is the current resistance and first target. 4. If...

chiefwils0n

Greetings Investors. AAPL formed a round top on the 120m chart, consolidated and found support at the 20 MA, so far. I anticipate a retest of resistance before the next monthly option expires (19 Feb), largely based on the momentum swing to the upside (MACD and TTM graphs). Based on this, I outline a strategy below. You can read more about rounding tops here...