grahammk

grahammk

My thoughts at the beginning of the year in looking at the NDX was that it had formed a double top and it was due for a pull back. Well I was definitely wrong on that as it has continued to surge ahead, imho, against the odds. This weekly chart is now showing the Potential High from the breakout of the Cup and Handle pattern as well as Breakdown targets.

grahammk Updated 

This Weekly Chart - Looking at the most Basic scenarios, the NDX 100 has been on a Tear since the beginning of January 2023 after a basic Tech Sector Crash through 2022. It's now clearly in a Double Top Sell Scenario however the upper trend is still showing some Robust Bullishness so I've presented 3 possible retracement scenario's. #1 is a Hiccup, #2 is a bit...

grahammk Updated 

Continuing to look at C3.ai the chart appears that a bottom might be near. A falling wedge pattern is well defined within the LongTerm Downtrend. Also within that as identified in a light blue horizontal box is the current trading channel of approximately 6 weeks. The TSI is still relatively weak but overall neutral along with the MFI. The most recent bearish...

grahammk Updated 

I always say that Price will always follow the MFI so when you see a strong Divergence between the MFI and the Price Movement it's only a matter of time. I've shown my Price Point Expectations in the relatively near term though it generally doesn't move too quickly.

grahammk Updated 

Watching Nvidia over the past year has been nothing more than stunning, especially for those than missed the ride. However, there's quite a lot going on here still, especially fundamentally but looking at the Chart it may be running low on steam... or has it? The currant long term pattern is showing a bullish Wedge formation with a potential breakout within the...

grahammk Updated 

This weekly chart is showing that since September 11/23 Bitcoin has been on a real Tear advancing approximately 65% in 3.5 Months and during that time it traded well above the 7 day EMA. Last Friday however it broke the plane and today's candle shows a clear break back below the 7 day EMA. There is not a lot of support though along the way to prop it up and as the...

grahammk Updated 

This is the lowest MFI in over a year and yet the price has not fully moved to match the exodus of money flow. My expectation as shown is $172.30 in the near term and then another assessment should be done. 99% of the time price follows the MFI. Notice how as apple was making new highs 3 weeks ago there was a negative divergence on the MFI; Dec.18 was the optimum...

grahammk Updated 

Tesla broken down into the most basic indicators is Oversold. Since June of 2022 Tesla has reversed each time when the Money Flow Index has come close to or crossed the 20 Line and once again is encrouching on the 20 marker and remains Bearish. The TSI is still showing the current trend as continuing. Right now yesterday's candle has settled into the 1st Long...

grahammk

I'm not in META, just reading the chart and all the signals for support and several Sell Signals clearly visable in Advance. For those of you caught off guard consider what you see here for future reference. The chart was breaking down well in advance including that the stock has been Far Above both the 50 and 200 day EMA's that realistically has not been...

grahammk

Just looking at ai for the first time in weeks and it's trading as expected. May even hit $19.00 because as at Friday the 50 and 200 day EMA's have converged and if the 50 completes a bearish cross of the 200 my target is highly likely though it could have a small bounce at $21.00 The MFI is showing Neutral and the TSI remains weak. As well since September 7th...

grahammk Updated 

Looking at this Tesla Chart there is currently Nothing Positive that I can see even though the Long Term Trend is an Upper Channel. Within that channel Tesla continues to follow along the bottom of a shorter term Pennant Pattern and may be primed to Break Down Further with Bearish Signals all over as indicated, including a Bearish Divergence on the MFI, a Bearish...

grahammk Updated 

Currently Bitcoin's weekly chart is in a Bullish Ascending Triangle within a larger Long Term Up Trend. If as the short term pattern concludes with a Bullish Breakout on Higher volume, either before or at year end, then I suspect the potential move will be between $37k-$39.4K

grahammk

The fact is that Tesla is Very Tradeable at the current level. The Money Flow Index though Bearish turned Neutral in the last session on a big drop in price. The Chart pretty much says it all. Potential Short Term Highs and Lows. I believe a vg entry point is at the $240 level with a potential swing back up to $266 for a $26 move that represents a 10.8% gain....

grahammk Updated 

As the chart shows Tesla has been trading within a Long Term Bull Channel for 4.5 months and within that Bull Channel, for 2 months from July 3 until August 28 they were within a short term Bear Trend, however the breakout on August 29 has signalled a potential change of direction. For the past 2 weeks the price has been consolidating at the current price point...

grahammk

Looking at Fisker over the past 8 weeks they have made a good recovery off their near term lows and formed a Bullish Continuation Pennant or Flag Pattern. Now on it's own this pattern is not overly successful however I'm also seeing 6 Bullish signals that have formed over this time span and ultimately are confirming a Potential Bullish Breakout. The height of the...

grahammk

Once again I hate to be the Bearer of bad news but I'm not seeing anything good on the C3.ai Chart. I've tried to map out the most basic indicators so that you're able to see what I see. In fact what I see is that the Bearish Trend has been gaining strength if anything. For 20 days now it has been trading below the 7 day EMA and well below the 50 day ema. We have...

grahammk Updated 

Right now there is more Negative or Bearish Signals dominating the chart than Bullish signals but the next couple of days could be pivitol for a short term reversal with a potential spike lower to $31.00. Earnings are 2 weeks away and with any Positive Earnings News causing Bullish Momentum the possible top is $39.00. That would be an $8.00 swing for a potential 25% gain.

grahammk

The chart is clearly showing that Tesla remains caught in a bearish trend that appears to be strengthening rather than letting up. Both The TSI and MFI show the Bearish Divergence and The Keltner Channel has just signaled a Bearish Cross to confirm with the MA Bearish Cross from 3 week back. TSLA is continuing to trend below the 7 Day EMA and broke through the...