Descending triangles are typically bearish but I think we can get one last bounce to 448 by june or july in order to hit the top of the range.
I think the Inverse head and shoulders might save the SPY and we may bounce back up. Additionally the RSI is still showing bullish divergence If the there is a solid break below the resistance line in the RSI / the Price action resistance then this idea becomes invalid.
Started last January with the massive Wallstreetbets spike. We made a cup from Jan - Aug. And then since August to December we made the handle. It is a cup and handle pattern one year in the making. Based on the fibs if we continue going up maybe 6.80 is the next resistance for the price. But overall still undervalued and is a good entry point currently.
We go down before we go up. Still bullish on crypto overall but a dip is required to run up even higher imo.
The triangle may break to the upside but I also have a feeling it would trade sideways until march. Lets see what happens I am currently long on AAPL
Run it up Baby!!!
potentially going to 140 - 145
I expect a third small valley then we break resistance I am long on BAC
GT looking bullish creating an ascending triangle might be a good underdog trade for 2021
Nokia potentially setup for a bullish scenario based on the currently weekly time frame!
While evaluating Nokia stock I couldn't help but notice that Bitcoin could be following what Nokia's chart pattern did? What do you guys think leave comments below!
This is hard to believe but apple may be going to 190ish if the virus continues and people won't have money to buy apple products. Open long position around 190 to 200 if you planning to hold long term. Thanks everyone! "Be fearful when others are greedy, and be greedy only when others are fearful.” - Warren Buffet
RSI is just below 30 maybe we are going to extend further into oversold? Also need to break that blue line on the RSI then its definitely a buy! Good dividend as well a good long term stock to buy during corona?
The EPR balance sheet is strong and dividends have not been cut by management yet which suggest they have strong confidence in the company. AMC theatres rents about half the properties and the rest are rented to companies like top golf and such. Their properties are geared towards people doing things and getting an experience out of it versus other REITs which are...
The downwards pattern in the RSI suggest we may break that trend soon and move upwards. Also there is strong support around $27.85 if the downwards trend on the RSI continues and the price hits $27.85 I think there is a buying opportunity but we also see there is resistance on the upside at $37.37ish. Not a bad time to long Pfizer specially if we get close to the...
This is a massive high quality squeeze chart pattern. Given what is going on currently in the economy there is a high change bitcoin will do very well in 2020 and 2021. I do not know the exact length of wave E but lets hope its a big one :) Thanks everyone! "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet
Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy...