mroberts1204

mroberts1204

If you're looking to get short the equities market, EEM may be a good place to start. Emerging Markets are testing the previous support trend line. This should now act as resistance. It's worth waiting to see if this hammer candle gets follow through or if it turns into a Hanging Man.

mroberts1204

The Nasdaq broke down from a bear flag and is below key support. This is likely the beginning of the next leg lower. Time will tell if the previous lows hold but I would not be surprised to see them tested in the coming days. Key areas of support are shaded in green. If those fail to provide support then a break of the lows seems likely.

mroberts1204

YETI had a failed breakout of the ascending triangle and has promptly broken down from the triangle. It retested and is following through to the downside. Looks like a great short opportunity.

mroberts1204

This looks like a clear head and shoulders top in TGT. The neckline was tested on Tuesday and today was an inside day. Looking for follow through. A close below the 200-day moving average would probably be a great signal to go short.

mroberts1204

Ethereum has recovered nicely from the selloff but looks like it's putting in a rising wedge into resistance. I know, I know, cryptos have a tendency to blow out the top of rising wedges, but caution is warranted. We are not out of the woods just yet.

mroberts1204

After a huge run up in 2019, ZYXI has been consolidating since October. The price action has gotten really tight lately and looks to be in the process of breaking the downtrend. I initiated a starter position earlier today and will add if we see continuation later this week.

mroberts1204

Not too long ago AMBA was a Wall Street darling until Citron sniped them (one of their few good short calls). After three years of price action purgatory, AMBA looks ready to rock again. I"ll be watching for some red-to-green price action for an entry. I'd like a retest of the previous highs (~$65) but it doesn't look like it wants to get there.

mroberts1204

Tezos is in the process of building a huge bull flag. Price has occupied the upper portion of the flag for the majority of the move. A break above the downtrend line with some volume will have me long in a big way. This has the looks of a great opportunity.

mroberts1204

ETHUSD recently broke the short-term downtrend line and turned higher. It is now testing resistance from the head and shoulders breakdown. Bitcoin and Ethereum have a knack for turning these head and shoulders (topping) patterns into failed breakdown (continuation) patterns. We need to see if price can firm up at resistance. If it does, a break above the right...

mroberts1204

Looks like XRPUSD is breakout out of a short-term base.

mroberts1204 Updated 

Testing all-time highs. Big volume coming in since the last earnings call. Would like to see a break of $17.50 to go long.

mroberts1204

Sweet breakout in CDNS on strong earnings.

mroberts1204

Tesla has had a brilliant run (I sold too early), but it may be building a bear flag after the blow-off top last week. I'd be cautious here

mroberts1204

Clinical-stage biotech company so be careful. But nice ascending triangle to trade. Need to see a close above $70 or a high volume pop to enter long. Would like to see one more low volume, shallow pullback before the break.

mroberts1204

I'm putting NK at the top of my watchlist. This stock has had a tendency to pop and drop intraday. I'm watching for a change in character and a break above ~$7.20. This chart has huge potential.

mroberts1204 Updated 

Found this interesting...Bitcoin has been stair-stepping it's way through major Fib resistance and flipping it to support. If this trend continues, it looks like $10,150 is the next upside target. Plenty of resistance there too.

mroberts1204

NTRA putting in a nice 2-month long continuation pattern. Buy on a daily close above the neckline on above average volume.

mroberts1204

BLDP looks like it is breaking out. A stop at the recent low of $10.36 should keep you out of harms way and only risks 5.5%.