jonwayne02

jonwayne02

$TSEM Breakout - Possible subwave 1 of wave 3 (still trying to master the fibs?) both of which end up around the ATH levels. MACD and RSI both curling. EMA's lining up nicely. Nice volume shelf. “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:TSEM

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$ON Broke down out of wedge. Seems like a correction before continuing long. NASDAQ:ON

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Trending in a bullish price channel on 180 day chart. Looking for WMT to bounce off the 200 MA and make it’s way to $169.00. RSI almost exhausted oversold indicators. MACD concurs. "I'm not an expert but I have watched a number of youtube videos" NYSE:WMT

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$MGNI – C/H I think $MGNI is forming a cup and handle… and it just crossed it's ATH. I see a double bottom bounce and a reversal from head and shoulders to inverse head and shoulders. Let's find out! “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:MGNI

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$FSR Trying to learn more about this fill-the-gap play (purple box) I’ve also seen others show this as the bottom of wave c. When does it bounce? If it does - it looks like it could form a C/H. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:FSR

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$ZNGA – C/H I think $ZNGA is forming a cup and handle…. let's find out! “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:ZNGA

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$RKT I see everyone has already called out the inverse head and shoulders pattern. Here is my chart. Testing a theory – RKT doesn’t seem too concerned about the 50 day EMA – but it does like support around $19.80 and resistance at the trend line. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:RKT

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$ABT C/H, double bottom bounce, crossed 200day EMA on 1hr chart… 3,2,1 blastoff. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:ABT

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$WHR Watching 200 EMA at the $180 level. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:WHR

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$PLUG – cup and handle, bullish pennant. 3, 2, 1 blastoff… “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:PLUG

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Testing out this theory (3.0) Testing fib timeline tool: wave 4 and 5. Wave 5 target at $145 however with the price channel showing a consistent bounce off the 200 SMA prior to September I like the idea of a continued progression to the top of the channel. Let see how it turns out! "I'm not an expert but i have watched a lot of youtube videos." NASDAQ:MTCH

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$SNAP All of my charting is converging at one point! “I’m not an expert but I have watched a lot of youtube videos.” NYSE:SNAP

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$PZZA This doesn’t seem to follow these wave theory rules unless I am missing something, so hoping to learn more; but here is my argument: - Playing the bounce off the price channel support and the 200SMA. - 30 day chart has the 50sma crossing the 200 and 100sma trending the same. Once those cross I am fully bullish. - If the pennant formation holds the sma’s...

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$LLY Testing this theory. Bounced off the 200 day and out of the pennant. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:LLY

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$FBHS Testing this theory. Looks like a head and shoulders chart. The 4hr chart shows a bounce of the 200 day – makes me think there is a chance for a reversal. However the 100 and 200 are trending a bearish cross. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:FBHS

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$VZ – Looking for a small pull back at the resistance for entry before bouncing off the 50 day EMA. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:VZ

jonwayne02 Updated 

$GE Testing this theory out. Watching to see if the 20 SMA bounces or breaks... and then two possible scenarios. Let’s see what happens! “I’m not an expert but I have watched a lot of youtube videos.” NYSE:GE

jonwayne02 Updated 

$CRM Testing this theory. $CRM seems to typically be supported by the 50 day EMA. If it fails and also fails the 100 day then the next bullish test is a return to the 100 day. Historically there has been a return to the 100 day and then a move up or down. (I’m showing support at the trend line but it could find support at the 200 day). On it’s return to...