The good ‘ol SPY Sad to see what miss placed hope can do. The “investor” aka the bag holder, continues to “hold”, “buy low”, and “average down” with hopes the market bottom out and the bull run will continue. Let’s review this chart and see how we got here. Just before COVID, SPY had reached all-time highs. Then Feb.’20 everything came crashing down. The...
You want to lose money, a lot of money fast? Try trading penny/speculative stocks. The good ‘ol “pump and dump” stocks. When I say trading, I more specifically mean being “bullish” and “longing” these stocks. You’ll always find a guy in the comment section who’s claims to have made “20k”yesterday or up 6 figures on these types of stocks. He’ll continue to...
NINE The gift that keeps on giving, 15min chart analysis A real analyst needs to keep adjusting with the price. Price has formed a short-term Bull flag after breaking out of a long-term Ascending triangle within Uptrend. Unexpected. I would’ve expected price at 22.00 by now. Price has pullback to support level of Bull flag giving us yet another entry to go...
NINE Adding to existing trade. Please see existing trade below NINE 15min chart analysis Ever see a good boxing fight and see one of the boxers land some really good body shots on his opponents? The damage done is incredible. Another entry. NINE keeps giving me the openings and I’m going to keep laying down the shots with confidence. Once again, during...
Daily chart analysis. Adding to existing trade. After rejecting higher prices and falling back below resistance @ 37.95, price broke thru and fell below minor support level at 29.00. Price has pulled back to support at 29.00 and looking to turn it to resistance. Price currently at area of value. Cue to enter. Adding to existing trade Entry: 28.60 Stop...
BABA Easy trade here. Price is in existing downtrend. Price was in a sideways range between 110 thru 130. Price broke down from range and has pulled back to previous support and looking to turn it into resistance. Price is also currently looking to reject 50ema and is at 0.50 Fib level. Price is at area of value. This is my cue to enter trade short. Will be...
NINE This one has been a nice one so far. See original analysis below 15 min chart analysis Since the breakout point at and start of uptrend at around 4.00, price topped out at 11.00 for a nice 175% gain. Once reaching high of 11.00, price entered its 1st consolidation stage. It has been moving sideways in form of an ascending triangle. It seems like the...
NINE People have been waiting for the “Santa rally” and have been getting burned left and right buying Long trades. Santa has been in NINE the entire time! I gave you guys the entry just before the break of the Ascending triangle… This one is giving us yet another opportunity to enter. NINE 15min chart analysis. Price broke thru resistance area of 11.00,...
NINE This one has been a beauty so far. If you entered with me, you’re up about 105% if you bought straight up. The option showed us way more love 😉. NINE is starting to intensify and will start to move a lot faster. I will zero in with the 15min time frame. 15min Chart analysis Once price broke above major Resistance @ 4.00 area, price entered an uptrend...
TSLA Daily chart analysis Providing updated chart and entry/stops due to stock split messing up the previous one. The analysis remains the same. Please see link below for analysis. Entry: 309.77 Stop loss: 367 Target #1: 208.66, +32.64%, +1.77 RR ratio Target #2: 153.36 , +50.49%, +2.73 RR ratio
ORCL You don’t need an Oracle to tell you where this one is heading! ORCL entered the continuation of its uptrend back in Aug.’20. This uptrend lasted up until Jul’21. From Jul.’21 – Jan.’22, price formed an Expanding/Reverse symmetrical triangle. By the end of the Jan.’22, price broke down from triangle. This confirmed the top of the market and the reversal...
AAPL Adjustments As a technical analyst, you cannot marry your ideas and must be able to adjust with the market. It’s been a great year to short so far but if you married your ideas and did not adjust, there have been moments this year even the bears got beat up. AAPL provides great example. AAPL Weekly chart analysis 1) The Rising Wedge- During its...
AMD AMD has been very kind to me this yr. It has been an easy chart to read and it been a very profitable one. See link below for previous AMD trades AMD Daily chart analysis We’re going to have to rewind back to the summer, July 2022, when price made a lower low at around 74.25. At this same place, price found support and rallied to 100 on a pullback. The...
RBLX Empty “Blox”. Daily chart Analysis This one touched 140.00 end of Nov.’22. Today, it closed at 35.38. That’s almost a -75% drop! This will have to move up 296% from current price to break even! The “bag holder” will tell you they’re in it “long term”. Aside from not being able to assess market value, they also don’t value their time smh. After reaching...
PYPL Lol Paypal? More like sorry pal! This one took away all the Covid gains and some! Topping out at around 310, PYPL now finds itself at around 87.00. The Covid uptrend started on Apr.’20 at around 107. It moved upwards for 461 days reaching it’s peak of 310. From its peak, it only took the downtrend 205 days to take price from 310 back down to 107! You...
TTWO Daily chart analysis Take two? The bulls about to take a strike 3 on this one. TTWO is currently in a downtrend with price under both the 200 and 50 ema After hitting a low of 103.05, price bounced to about 134. At 134, price found resistance from the 50ema which knock price down to 122.45 At 122.45 price found support and price bounce back up again but...
NINE 15 min chart analysis Beautiful day as expected! Look at those big beautiful green bars today. We can see momentum flooding in as the size of the bars get bigger. The buyers are starting to flood in and keep pushing the prices higher. Price ripped up from 8.25 to high of 10.10 but has since pulled back down to 9.00 It’s looking to find strength from 50 ema...
DHI Daily chart analysis DHI is currently in a downtrend under the 200 ema After reaching low of 60.00, pulled back and broke above resistance level at 76.00 The breakout is deemed a failed breakout after price falls back below 76.00 Price has the followed by making a series of lower lows creating a downtrend line Price is currently at resistance from down...