mommymiles

mommymiles Updated 

Dare I say the immediate trend is down? Well we are getting lower highs and ever so slight lower lows. The last three days were slightly lower wicks each day. Since we can't break and hold 4500 and 4520 more specifically, we may be visiting the choppy area prior (a few small gaps there). It's Thursday, so I'm reviewing to see if we get a fake pop and drop again to...

mommymiles Updated 

I haven't charted in a while and think wanted to note that this pattern for myself. I like the set up will play the "harami" candle hold up to the upside and beyond. If it breaks and closes below the bearish print 7/27/23, I'll play it that way. Enjoy your weekend.

mommymiles Updated 

these notes are for me, but feel free to add tips if you have any. looks like VIX can chill out here to allow for a little rallying. i see a 1,2,3,4,5 wave on the day. will be watching it if it pops up. if it stays down here and wicks for 2+ days or doesn't drop, i'll play a couple of short term puts. if it pops up, i'll watch for wicks to play calls on the way...

02:28

mommymiles Updated 

I originally thought this was trading in a symmetrical triangle (month view). I discovered diamond patterns. It's making me go hmmmm... What do you think about this idea? Diamond Patterns signal a reversal: www.moneycontrol.com

mommymiles Updated 

my eyes see that AMC may be in a megaphone overall on the weekly. it's pushing hard this week at a support/resistance. if it can get above $20 and hold, i'm planning short term calls. learning to take what the market is giving me. what do you see. WHAT I LEARNED ABOUT MEGAPHONES: www.elearnmarkets.com

mommymiles

I think there is more downside despite this reversal. Made pattern adjustments and I see a megaphone. Rumors of war, Fed hikes, Guidance adjustments after earnings.... and so I'll be looking for puts on the way down to the descending line and calls toward the midpoint of the megaphone. If you have a chart, I would love to see what you see for comparison. Good luck...

mommymiles

So do you believe that Meli is going to drop to the spot (X)? I don't want to see it, but this looks like a double top mountain to me. I have been reading up a little on Meli and like AMZN, BABA... i think that it's worthwhile finding a strategy to get into a long term play that works. In the meantime... I will play a put here and there if I can catch it.

mommymiles Updated 

Had not heard of this company until today. Technical set up made me do a quick look at the company. A transformation makes sense to me. Earnings this week Cutting edge COVID testing technology Bullish market conditions

mommymiles Updated 

so i can't take total credit for this one. i have been trying to crack the pattern and while looking at someone's cup on another chart today, someone else mentioned a cup & handle on AMD and boom... it all came together. i plan on trading to the breakout, at the breakout and to the first target bare minimum. once i do a temp check... i might be in for that piping...

mommymiles Updated 

Take a peek of BYND on the Week chart. I see an symmetrical triangle. It's finna to pop at some point. In the meantime... trade within the triangle.

mommymiles Updated 

That end of the day run today (10/15/21) was fierce. TSLA is working for this run. Will it pop out of the channel or pullback? We have to wait until Monday to see what is going to happen, but I definitely am joining the band wagon of people who think that TSLA will make new highs this year. What do you think? I'm watching. Are you long TSLA? *If it pops out of...

mommymiles

AMD broke out of the bull flag that it formed after the major cup & handle breakout after earnings. I look forward to the following price targets as long as it stays above $111. PT 1: $114 PT 2: $118 PT 3: $122

mommymiles Updated 

I was minding my own business and AMC came across my path, so I took a look at the day chart. I was ready to plan for a put, but saw a series of higher lows. So I drilled in for a better view on the 1hr & there it was as clear as day. AMC is getting ready to breakout of a symmetrical triangle. I have to play this b/c I believe that my chart matches the text book...

mommymiles

I was watching HD and it hit me that I should take a look at LOW too. So glad I did. It is on my watch list as I am confident that it is forming a cup & handle. If you look to the left, you will see a previous similar cup & handle that played out beautifully. I think the small difference is that there is no gap to fill. But of course we have to watch and play...

mommymiles

So I posted an idea about BYND that involves this diamond pattern that I discovered. I checked in on SHOP and it too appears to have that diamond pattern. If this diamond pattern plays out, SHOP can drop down to $1300-$1250. I was skeptical, but then I hear news about increasing competition in the news. I'm interested in what you see.

mommymiles Updated 

I decided it was time for me to revisit charts after an intense 6 months of learning. I had all kinds of designer ideas, but now... i see that AMZN is trading in a monthly channel... a bull flag to be exact. Other patterns do form within patterns, but it helps me see a bigger picture. We're about to top the channel. Let's see if it breaks... go long. If not, then...

mommymiles Updated 

I found SMG in a screen. I can't remember the parameters that led me to this ticker, but the weekly looks nice for a swing this week and possibly into next week. The consolidation in this $191 - $233 range is amazing. The day view looks pretty nice too. Are you going to play along with me? *I've never played before, but I'm willing to take a 2 week contract at...

mommymiles Updated 

I am into RBLX because my kid keeps asking me to buy him coins in the game. I figured I could help him earn some coins (lol). When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96...