BTBT has been forming lower highs and higher lows since August. The trend finally broke through the wedge to the downside. Downtrend trajectory is relatively the same in the past. If we use that trajectory with the current downtrend, and using the symmetrical wedge breakthrough as continuation confirmation, we can enter puts based on that. The downtrend trajectory...
There's a head and shoulders formed on the daily with a triple top that could possibly form in the coming day. Will be keeping a close eye on this one for a break to the downside if it comes down past the neck line
We could see PYPL fill the gap and reach the top of the trend channel making new all time highs before October. This is what I see
Here is a call I'm looking at for tomorrow. It's been making new ATH's. It just broke resistance and could be heading to the top of the trend channel. Add it to your watch list if you're interested.
I think GILD is going to want to cool off a bit now after it's nice run. RSI is overbought, Large sell wick on the daily, bearish divergence. We may see a drop over the next several days back down to the bottom of the trend line before it goes back up again.
We have a bullish harami pattern formed after a downtrend which is a bullish sign. Fib shows it could retrace to 0.236 ($73.62) to fill the gap and then possibly continue to 0.382 ($73.78). Looking for a 3 point move up
Just wanna show yall something else here on this fib retracement. I see one of two things happening here. Either it bounces off the 0.382 line and continues it's uptrend, OR, it retraces down to the 0.5 line and continues it's uptrend from there. Either way, we have enough time by 9/17 for it to complete it's retracement and continue it's uptrend if you've...
Showing bullish divergence on PINS. If we break $57.20 tomorrow (08-13-21) which is the high of the previous candle, we could see a run. There is also a very large gap to fill.
PYPL is extremely undervalued right now and oversold according to RSI on the 4 hour chart. I'm expecting a large uptrend in the coming days and weeks.
Looking for Puts in the coming days. Volume is decreasing and momentum is slowing down. Nothing runs up forever. It WILL consolidate. It's just a matter of when. And I think soon.
So here's what I'm seeing with UPST. The last 3 days have had decreasing volume in the candles with longer wicks at the top, so I'd expect a bit of a pullback before earnings. It's broken past it's long held resistance and with a history of earnings uptrends I could see it taking off after earnings. The MACD is looking good for a run too.
If the stock enters the gap at $61.00, might look for an entry for a long position at $61.30 for a gap fill. 5 point move possible if the entire gap gets filled. Entering sooner than $61.30 is extremely risky
We may see WMT pull back slightly to make up for the overbought RSI and it being right at resistance on the daily, however, once it gets to the end of the trend triangle there, if it breaks past resistance, we could see it rip upward. These are my thoughts.
CEO arrested for 3 counts of fraud. Bailed out on $100M bond. This stock is going nowhere but down.
Bullflag formed and just passing resistance. Could see a run-up
If WMT breaks $143 we could see it enter an uptrend to the top of the trend channel
Could see a drop down to support before bouncing back up to fill the gap