Key zones 4768/66, failure here means we might possibly trade 4746 zone. 4759.50 support 4756-46 area support 4745-41 major support, failure here might mean bigger down trend setup.
AMAT price could currently be at a good entry zone. It has been forming higher lows with a resistance at around 145 level. Stop loss at previous swing low (124).
I have 4 possible entry and scenarios to play on V. Once it hits my entry zones, indicators should confirm strong bullish sentiment for me to entry.
AAPL is forming a ascending triangle on the weekly time frame and could mean a big move up in the next few weeks.. and a potential cup and handle forming on the daily. Nobody can really predict how the market moves but if it moves the way I anticipate it, I plan to capture its movements at these zones with other indicators to confirm entry.. 1. Entry at...
TGT has been on a bull run the past few weeks and it currently trading at ATH. Price just broke ascending triangle, gapped up and now is on a bull flag setup. 1. Price trading at ATH and now forming a bull flag. 2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer...
Price action currently forming a ascending triangle setup on the 1 hour chart. It seems to be a good setup for breakout play. 1. Price currently around the POC (60.69) with key resistance at 60.97 and a big chance of a pop up once these levels break. 2. 35/50 EMA seems to be holding fine with support at 58.96 3. Nice big volume on the last green candle. Play...
Overall market structure for BAC has been on an up trend on the daily tf. Price currently consolidating forming a bullflag on the daily and on the hourly, price has been ranging / coiling the past 5 days. It looks like it is ready to pop and if it does, I want to catch it at once it breaks the 40-40.25 zone.
Price has been printing higher highs and higher lows on the 1hr time frame. 12.50 support and 200ema (gray) seems to be holding support pretty well. Entry zone at 12.56 - 12.37 zone. There is still a chance for price to go lower at 12.03 to form double bottom (bullish) and 11.73 is the last support. Break this for a bearish sentiment.
1. OXY has been on a good bull run the past few months. It is still printing higher highs and higher lows and I plan to the next move up from the current pullback. 2. 26.50 seems to be holding as support and a good entry zone. Price could still go down to 24.60 level (a good support zone) and bounce up but if price breaks this level, there is a big chance it...
Price action has been printing higher highs and higher lows and is now currently at the trend line which is also at 50ema and right around support zone. Buy zone at 54.50 - 53.50 area, stop just below support at 52.99.
Price has been in a steady up trend. Entry zone at the 50ema area and 50% fib level. Support at 73.78 zone. Stop Loss just below support at 72.48
SPY / SPX / ES futures hitting all time high while volume going down, a possible sign of divergence. Keep an eye on NASDAQ (QQQ, /NQ futures) since tech stocks is around 20% SPY holdings. NQ price action shows LL (Lower Lows) and LH (Lower Highs) means we are still at a down trend on Tech stocks. Also, keep an eye on the US10Y Yield (currently around 1.71)...
BIG 1-2 Week Horizon BIG - bull flagging. Price currently at 21ema and EMAs seems to be holding regardless of the sell offs going on with most of the market the past few days. MACD lines and histogram seems to be maintaining its bearish momentum and volume is low. Stochastics at oversold level. With all the selling pressure going on with the market plus ER this...