using the all time chart again on this one. It varies from the NDAQ chart as there is no double top, this is a straight slingshot down. Recent bear market rally has played out, back to the normal drilling program. Enjoy.
uh oh spaghetti-o's this looks like tech has enjoyed it bear rally run. Double top on the all time chart, this looks prime for some pullback / puts. Enjoy.
Used the All Time" chart rather than a shorter time span for once, and man, you can see where the free money ( QE / 0% rates) started in 2009, and when stopped in the last year. Interesting fib retracement, and base case trend line . Enjoy.
Used the All Time" chart rather than a shorter time span for once, and man, you can see where the free money (QE / 0% rates) started in 2009, and when stopped in the last year. Interesting fib retracement, and base case trend line. Enjoy.
using the 15m chart, looking at a wedge pointing at $8.50 or so level. I have been in since $3.03, pretty nice and steady rise the last few weeks, nothing too squeezy. I prefer it that way. GL
Last week I posted about a bearish wedge on $AMZN, Friday confirmed the break in the up trend. With many catalysts (headwinds) over the next couple days, this will be an interesting one to watch. Positions: 105p Nov., 105p Dec.
Market has been ripping hard lately, a classic bear market rally. Going back to almost the start of the month a bearish wedge has developed. Holding 105p for November and 122p expiry tomorrow. GL HF!
Nice recovery here on AMZN over the last few trading days. With a quintuple bottom here, this could poise for a breakout from the down channel especially after the 30%+ decrease in share value. Add to the mix inverted 2 & 10 yr bond rates, commodities dropping, inflation fears, and reduced consumer spending.....My opinion is it continues on a down trend until low $90s.
One picture shows it all, 13%+ day yesterday. Slight pullback in PM, yet not concerned. Good luck y’all, not financial advice.
This one is a wild card folks. Strong support in the 1060s, but shorts have been ruthless, along with low volume I am surprised this hasnt dropped more; which is a good sign to me. I do see this being a 50/50 on the drop next week but with volume intending to come back into stocks, and tax loss harvesting season over I got a good feeling about this. Finally TSLA...
AFRM is a strong support position in the high 90s to 100s, with the recent probes into the BNPL sector considered old news, I see AFRM with some tailwinds and going upwards.
looking at the 1hr chart, there is a classic W pattern formation going on here. December was a tough month for tech, and looks to be finally recovering. This weeks moves show a break above the prior down channel, with tightly wound consolidation. TBH I see this going in either direction, but with the tax loss harvesting done for 2021, my money is on volume buy-ins...
FDX has shown a solid pattern on the uptrend for the last month or so, and is currently within reach of ATH. Shipping is getting more expensive, and FDX is in the process of a share buyback program. I can see this going to 285 or so, top of 300. NFA
F has had quite the run up last year, and making big changes to their product line up. Recently there has been rejections of F once hitting about 21/share. There have been several rejections which makes me think, this needs a bit of consolidation or heavy buy volume to break 21/share. NFA.
AAPL broke out of their short term down channel, and consolidating above said down channel. With 2021 tax loss harvesting over, I see this going to 195 or so, especially with its recent mid 180s run up during the challenging month of Dec. NFA
NVDA has consolidated over the last few days, and found strong support around 295. Prior to this week, it recently broke the downtrend/bullish wedge, into its current pattern. Shorts have tried all week to drop this, along with very low volume. Finally tax loss harvesting for 2021 ended yesterday. I see this running, until tapering is done in March, and rates...
Nice breakout yesterday, and a change up from a bearish wedge to a up channel. Nice support at low 300s.
After weeks Tesla has broken out to the upside from the bullish wedge. On the 15 minute chart we have a double top (open/close). Wild PR or not, Tesla needs some volume to keep going up. CPE along with jobless numbers @ 830a ET in the morning it’s going to be a spicy day.