collintwols

collintwols

WATT just formed a beautiful Morning Star candlestick pattern which may have identified $2.25 as a new bottom. Morning Stars are usually good reversal points, and as long as it doesn't close below $2.25 then it will remain as the new bottom. The Oscillators aren't that tempting to enter into a new trade, but if WATT can break $3.00 then I would be happy to enter....

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$FSR completed a Piercing Pattern on 11May and appears to have identified a new bottom. The next seven days after that pattern, no candles have closed below the piercing pattern's opening low, so it appears to be a solid bottom. It ran into resistance at $12 and appears that it will close there today as well. If the next couple days confirm that as a support, it...

collintwols Updated 

NNDM is about to test support for the fourth time with weak/disbanding indicators. Get ready for a big drop to $5 if it breaks through.

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MATIC just broke out of the symmetrical triangle and already dipped down to confirm support on the previous resistance line. It also already build up two minor resistance areas; the most important one was hitting resistance at the $1 line. I bet that resistance level is mostly due to people more than anything else. If you zoom out and look at the trend-based...

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As I'm learning more indicators and how they can alert you to not buy at the high, I wanted to share this chart. Notice after the first peak at .39 (ignoring the previous wick), the next peak (it's reattempt at the last high because people missed out and wanted to get in in case it kept going up) that, although the price reached .42 creating a double top, the...

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Here's a great example on how you can use a moving average to watch for trend reversals and to trigger trades in case you don't like drawing a lot of lines on your chart. In this example, when the 50 Moving Average (MA) crossed the 200MA in May 2019, it signaled a bearish reversal (known as a bearish cross). Later, in November 2020, it crossed again signaling a...

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As I get further in my trading course, I'm going back and identifying where I did good and what I messed up. Here's one lesson: get out when you have a confirmed trend reversal! I kept hoping it would be a short one, but you know what assuming does... As soon as the trend line turned into resistance, that's a confirmed reversal and where I should have sold my call...

collintwols Updated 

AA forming a rising wedge which is usually bearish. I set an alert to let me know if it breaks down out of the rising wedge. If it breaks down, it'll first "hook" down and up quickly to confirm resistance and try to rise again. If it fails, it will "go" quickly downward to the next support level at ~25$ for a 33% gain on a short, more for a put option. Once it...

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Looks like AMD broke out of a rising triangle. I would expect it to return to test support where it broke out then shoot for $82-88. Congrats if you grabbed that 5-10%!

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RYAM has support on a trend line and the 20MA, hopefully it continues upward! If it breaks downward, it might hurt until it can find support maybe around the $6-$8 range.

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Hopefully NNDM begins an uptrend from here to create another support level from the current overall uptrend. If it breaks downward, it may break hard.

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PLUG may have bounced off of the $26 support level and be heading toward $35 resistance. Either the $35 resistance or the .236 at $37 will likely cause it to go back and confirm the $26 support. That's of course assuming it rises that far before confirming. I won't open a call until it confirms $26 support.

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UAL is in the process of repeating its pattern for the fourth time and should give a solid 21% gain to recent resistance of $62 over the next two months or so. Once it breaks through $62, I would expect the next resistance level to be $70, back from 2015 and 2018 highs. It's also a nice round number that people would want to take profits at.

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$SLG is on it's way to pre-COVID highs with clear targets ranging from 12-43% gains. It's currently in a channel or a broadening wedge. If it's in the ascending broadening wedge I would wait for confirmation that it's not going to break down. I'll wait for another bounce off the support of the channel/wedge before entering.

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$SU is sitting at it's previous high from June2020 and if it busts through, there's no resistance except for fibs until $26 for another 20% gain. I hope you enjoyed the 17% gain we grabbed up to this point!

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$TTOO may be getting ready for a dip back to the .236 or just down for a bit given the overall market right now. It does appear to be creating a descending triangle (bearish) for the short term which could cause the dip to the 236. I'm still in it for the long haul though!

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$SU is building support at the 382 fib level and if it takes off to a previous peak and then to fill the gap there's 16-38% gain. Options available on this one!

collintwols

$UAL has been making a slow climb back up but will run into resistance from highs/lows from 2016/2017. Still has a good chance for 11-27% gains while it attemps to climb back up to 2020 highs. I'll update more as it makes targets.