harshpandya2011

harshpandya2011

IMO, we will see a $3.4K again after being rejected at 200EMA (Red). I can see this go up to around $4,025, however, not beyond that. Once rejected, there is a strong weekly support at 200MA (blue) and form a bullish squeeze between 200MA and EMA before we start moving upwards hopefully by the next couple of months. Would love to hear from others if there are...

harshpandya2011

SPX bounced on the 200MA on 1 Week chart. Huge support. Should have caught this before. This looks like a good bounce, but we are no where close to going back to the bull run. We are currently on a trending resistance. I'm no genius, but going back to basics - world market is in crisis, US debt sky rocketing, we broke the parabolic rise of markets and all markets...

harshpandya2011 Updated 

DJI is expected a death cross this week on a 1D chart. With the shaken world economy, this does not look good. I expect some more downtrend or may be in the bearish territory - hope i'm wrong, but always better be prepared to hedge.

harshpandya2011 Updated 

Looks like SPX may have a triple top which is bearish. We may test the previous lows and if we break those lows, triple top will be confirmed and we're going down. Any thoughts? Happy to learn..

harshpandya2011

ROKU was already up over 30%. Very high potential stock imo. As expected, price bumped at 0.5 FIB. RSI shows oversold. Juicy to buy atm. However, for confirmation of the trend, today's daily close would be interesting to see. Let's see how this plays out.

harshpandya2011 Updated 

* Looks like ROKU can go into a short term correction mode from here. * RSI is downtrend while chart shows uptrend. * Unless some positive news comes up, we may see it going down to around $41 or $40, which is the next support. Feel free to add more opinions along with reasons.. :)