diamondparker

diamondparker Apr 1, 2024

NASDAQ:SFM is currently trading in a parallel channel and looks like it will trend down to attempt to retest the support at about $60.70 for a third touch. Thoughts?

diamondparker Jan 25, 2024

Hey All, I wanted to get your feedback on this analysis. I am solely basing my opinion based on the RSI indicator, MACD and candlesticks on the daily chart. Although earnings help NASDAQ:NFLX to go up slightly. It had to restest a strong resistance at 562.46. Once it reached the resistance the bears took control which resulted in a pretty strong bearish...

diamondparker Mar 1, 2021

Good Morning! In my opinion, Dollar General ( DG ) will have a nice move up if it can complete the bullish cross on the MACD. There is very strong bullish divergence happening on the 4 hour timeframe. There is also some bullish divergence happening on the daily. If we can hold above -4.45 on the daily MACD this could be a great swing opportunity as well. What are...

diamondparker Feb 28, 2021

The news was just reported that XPEV will release its new P7 sedan with lithium batteries, a battery a lot of EV companies are now adopting (companies like TSLA). I was already bullish on XPEV, especially because they are a great company that is currently oversold and will likely make a correction to the upside in the coming days. Most likely I will add to my...

diamondparker Feb 26, 2021

Beginner Friendly I love to see bullish divergence on the MACD(moving average convergence divergence) indicator. It usually always makes a bullish cross to the upside :) Bullish Divergence: To put it simple, when price action is making lower lows while the MACD is making higher lows, its considered bullish divergence. This is a good indication that a trend...

diamondparker Updated  Feb 26, 2021

I have high hopes for PLTR it seems to have formed a pennant on the 4 hour timeframe and looks about ready to breakout. It is also respecting the support line that has been tested 4 times. Let's see what happens over the next day or two. I'm already in multiple PLTR calls with April exp dates but am looking to size up should it break out of this formation with...