leslieyimsm

leslieyimsm Updated 

US Dollar has broken out of a down trend. It's not out of it yet but there's a higher low at end of Feb. 20MA is above 50MA and this means a short term up trend is in place. Today's candle should close above yesterday's, signalling a reversal. I'm forecasting a stronger Dollar but for now, target profit 1 is $93 area. Target profit 2 is $95 but that will be...

leslieyimsm Updated 

Daily chart showing an upsloping pennant pattern. We should see a short burst of at least $5-6 up move in the next 1 to 2 weeks. Target profit 1 = $160 Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment. Thanks!

leslieyimsm Updated 

AMZN has been in a range since last July. The doji/ hammer on 5 Mar confirmed the bounce up, and now is shaping a potential right shoulder on an inverted H&S. Would like to see it correct to $3310-3330 for a better entry. Target profit 1 is in the mid of the range with clear resistance at $3220 area. Target profit 2 is the top of the range at $3400...

leslieyimsm Updated 

What a chart pattern we have on the Weekly for SBUX! Breakout of an inverted H&S, then slight retracement and never really looked back since. Right now it seems poised to surge up after being in kind of a range since the turn of the new year. Target profit 1 is probably around $120 area. Not setting any target profit 2 as things does look bright for...

leslieyimsm Updated 

GE has had a good run up since it bottom out at about $6. With lots of news about EV, it seems GE can go higher. But before that, it is always healthy to have some form a retracement. Based on the 1H chart, a good place to start shorting is between $13-13.25 Target profit 1 is $10.50 area/ 20 MA Target profit 2 is $8.50 area. Disclaimer: I'm not giving any...

leslieyimsm Updated 

MRK has been in a range since end of Dec'18 until now. Last week's bar was a doji at the bottom of the range. The Daily chart is showing me an inverted H&S with a potentially weak right shoulder i.e. buying pressure is strong! Target profit 1 is a near resistance as well as 50MA i.e. $77 area. Target profit 2 is the top of the range at $85 area. A little...

leslieyimsm Updated 

A small inverted H&S on 4H chart. Doesn't indicate a strong reversal, and so the short trade back up to 1760-1770 area. Momentum looking strong as well. Since it is a short term trade, there''ll only be 1 target profit. Disclaimer: Not giving any trading and/ or investment advice. Just sharing my chart observations. If you have any symbol that you'd like me to...

leslieyimsm Updated 

This is KO's weekly chart. The current bar is still open and it's only Tuesday. 3 more days to go tp see if it will end up being a shooting star pattern on a trend line retest. The MACD histogram is showing weakness as well with a potential cycle peak. Also, we had a lower low today vs yesterday. Forecasting a retrace back to $52 area in the next couple of days...

leslieyimsm Updated 

Ford is broken out of a long down trend line (since 2014!). Also broke out of a recent $11-12 resistance. On the Daily chart, it also broke out of a upsloping pennant pattern. Fundamentally (I'm not a fundamental trader but...), they seems to have some winds going for them as well. So, target profit 1 is set at $14. Usually, with such momentum pushing the...

leslieyimsm Updated 

MOS has had a good run up since the low of $6.50 at March'20. It didn't have much pullback from $6.50 to $33. Nothing lasts forever. Judging from the Weekly chart, $33 area has a been strong resistance and it doesn't look like it will break above it any time soon. We should be able to enter at a better price when it retest the $33 resistance again. Target...

leslieyimsm Updated 

This is SPY's Daily chart and it looks to be heading towards 370-372 level very soon. The cup pattern has been formed, and we will see what kind of handle pattern it turns out to be. Might pullback to 385 area or towards 50 MA. With the break of the up trendline, it's usually a sign of selling pressure. 370 is definitely target profit 1. 350-355 area, which...

leslieyimsm Updated 

This is a HD's daily chart. Had a false breakout, and it is now retracing. Price also bounce of 50MA on the Weekly chart. Looking to short it when price reaches 270 level. It should also coincide with the 20/50 MAs. Stoch RSI should also reach overbought (80) level. If price continues to trend higher, then it might go back to 280-285 level i.e. the high of the...

leslieyimsm Updated 

ACB has taken a real hard beating; down from high of $150 to now at $11! Nonetheless, I think it has seen the bottom at $4 back in Oct '20. Per the Weekly chart, I like the 'rounding' price pattern/ forming of a cup pattern..which means it should head back up in the years to come! So if you're investing, this is a good stock to look into. From the Daily chart...

leslieyimsm Updated 

SPR has broke out of the $41 resistance and is looking to go towards the $55-$60 resistance. There's an inverted head & shoulders pattern on the daily chart (granted! this is not how h&s/ inverted h&s are being interpreted but per my observation, it seems to be equally effective as well), with a weak right shoulder..which is a very good sign of a strong break...

leslieyimsm Updated 

BIDU has a engulfing candle pattern on the Weekly chart, signalling a reversal. Again, there's the engulfing candle pattern today! However, it is still a counter trend trade. So trade cautiously. Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily. Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart...

leslieyimsm Updated 

Cup & handle pattern followed by inverted head & shoulder (I understand that this is not how it is typically applied, but personal observation shows it is effective to show continuation as well) on the Weekly chart. Looking like it should head back to $115-118 resistance area. If it breaks out of it, then it might go to $135-150 area. Disclaimer: I'm not giving...

leslieyimsm Updated 

Love it or hate it, Bitcoin is a good instrument to trade! The amount of volatility in it makes it so tempting, and for the most part, really predictable via chart patterns! And here's my take on it. As I'm making this analysis, it is making its way to challenge the 52k level. If it breaks through, then 56k should be next. If there's strong rejection at 52k...

leslieyimsm Updated 

This is a Daily chart of QQQ. With a cup patterned form but the handle is not looking like a typical pattern, I'm favouring the weak momentum to the downside. Since this is a counter trend trade, always trade with watchful eyes and set proper stop loss. I'll also implement target profits. It might still have another up day tomorrow, and price might touch the...