In this video I will break down my process in identifying supply and demand zones through technical analysis. Being able to identify these key areas allows for the trader to recognize potential levels of resistance and/or support. I also go over a few other technical analysis approaches I use when looking to identify similar key levels on a chart. From my...
GNRC isn't one to give great indication on when to enter, the good long term runners rarely do. Looking a little bit forward, GNRC flashing a potential accumulation set-up for another mark-up. My trade idea here is a break down into lower checks of support labeled on the chart between $308-$314 and $325-$330. -Accumulating an average of around $318-$320 would...
If WISH misses with earnings this upcoming week, technicals and projected fundamentals support a break below valuation in the lower $11 range. With a test of $9.35 for the next earnings bottom range. It is likely to find support in this range and move back into test range of $11.05 and $12.18 into the following earnings. If WISH continues to beat expectations...
LL broke out of the ascending triangle it has been forming. It has slightly broken out before the technically required 2/3rd's completion of the triangle, so a test of support above the trend still is needed. The next true supply range starts at $30.60 with resistance to testing those levels at the demand range of $28.40.
First price target from previous post was hit on mark. Next leg up is as projected by green arrowed line. Bottom pink boxed range is expected lower trendline midline creation. GL
DOGE has hit a nice consolidation from the prior move up to $0.69. The next expected move would be a gap up to test previous demand, then a hold of support from the upper trendline, followed by a confirmation of demand to set a new all time high with a price target between $0.74 and $0.75.
TSLA is testing its current technical levels for an Elliot Wave trend progression. If the 2nd wave does not hold at the indicated .38 retracement level, this analysis should be re-evaluated at a test of the gap down range of support ($635 to $643) for further indication.
TSLA has the ability to test up to $718-$720 within the next week. If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30 Topside supply of this move comes in the ranges between $760 and $780. A break of this upper supply range gives TSLA the ability...
WMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range. First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21 When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady...
DT is testing resistance along the upper trend range. We have some ranges to settle before testing the overhead supply in the trendline above. A break of the current buy zone range will likely find resistance at the mid-range supply created around $52. A confirmation of a check back to the buy zone indicated on the chart would give a nice entry for a move to test...
In looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend. Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92. If it can regain demand above that...
MGNI is setting up for a continuation of retracement of previous up-side move. Price targets are listed in chart.
As previously explained in our PINs play, PINs is playing with the supply area of a continued downside move.
According to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected. Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday. Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a...
KIQ following trend pretty well. Adding this one to watchlist. Many of these are in pivot points of uptrends. Included TAP GRPN GDDY ON GLW DHR NET PFPT CLDR
Updating the market watch video watchlist from this month. Hit a lot of our goals and entries quickly this month, so I will post an additional video including new additions to the watch list.
DHR finding resistance at the current trendline of previous demand confirmation. If holds true, It will look to gap down to test levels at previous lack of supply trendline.
EDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just...