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EssentialFFIE FFIE had its Dec. 2020 where it saw price make a parabolic move from 9.80 to topping out at 20.79. By March 2021, price came crashing all the way back down to 10.95 From there, price moves sideways all up to Aug. 2021 when price broke support. Price then pulled back to support turning it into resistance and started a downtrend. The death cross follow...
FCEL Quite the ugly chart. Your typical “pump and dump” chart. After moving side-ways for almost all of 2020, Price broke out Nov. ’20 and started its sharp uptrend pump This pump took price from 3.50 and peaked at 29.40s in Feb. ‘21 Price then came crashing down to 11.54 where it found support. Price went on to break down from this support and pulled back to it...
QQQ It never gets old…..the trend is your friend. Trade with the trend. QQQ saw the continuation of its uptrend start Apr.’20 when it closed and stayed above the 200 ema The uptrend started Apr.’20 came to an end Jan.’22 when closed it closed below the 200 ema During the uptrend we saw the following: 2 price consolidations that made higher lows and broke out...
History likes to repeat itself APPL ’08 vs APPL ‘22 Thought I compared the APPL chart from May’08 - Sept.’08 and the current chart from Dec.’21 – May’22 Almost Identical. Both charts were in an Uptrend respecting 20ema that peak with a double top pattern After breaking trend, both attempted to bounce but fail to make higher highs. Multiple fails created a...
In a massive long-term downtrend. Price is currently in downtrend rejecting dynamic resistance in 200ema. This is a great chart on how to use Stochastic indicator: In downtrend, when price pulls back to dynamic resistance and stochastic is over-bought, this is cue to enter trade short. The past 4 times now price has pulled back to dynamic resistance of 200ema...
PARA Perfect chart to see why you NEVER buy a parabolic move. In Aug. ’20 price broke above the 200 ema and move sideways above it until Nov.’20 when broke out and up. Price from here flagged all of Dec.’20 when it broke out of the flag jan.’21. From there price made a parabolic move from 37.66 all the way up to 101.85 in Mar.’21 By Apr.’21 price crash all the...
DKNG Price in an existing downtrend It is moving within a price channel Currently, price finds itself at the resistance level of price channel Price also finds itself at dynamic resistance area @ 50ema Today’s candlestick closed as a shooting star. This is my cue to enter trade. Entering trade short Entry: 20.20 Stop loss: 23.07 Target: 14.52, +28.12%, 1.98 RR ratio
PTON In healthy downtend. Price in downtrend with 50ema acting as dynamic resistance. Stochastic is over-bought Last two times price has pulled back to 50ema and stochastic in over-bought territory, price has made move down. This time it won’t be any different. Entering trade short Entry: 27.70 Stop loss: 33.09 Target: 20.38, +26.43%, 1.36 RR ratio
FB Daily chart analysis. After moving in a Distribution stage between Oct.’21- Jan.’22, price broke down and entered a downtrend. Price is currently downtrend. Price has pulled back to Dynamic Resistance in the 50ema Stochastic in over-bought territory Downtrend + pullback to dynamic resistance + Over-bough stochastic = Short Trade entry Entering trade...
NVDA This stock has a lot of LONG fanboys holding bags praying. After making a series of lower lows and failing to make higher high, price broke trend and fell below 50ema. Price has since found itself in a sideways range between 211- 269. Price is currently at resistance level, stochastic is “over-bought” and MACD is below 0 in bear territory. Price is in...
GME Easy short trade Price in existing downtrend Price entered sideways range between 96-126. Price broke down from this range to start continuation of downtrend. Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade Entering trade short. Entry: 97.00 Stop loss: 109.79 Target: Initial...
CIBR Enjoyed uptrend from May 2020 thru about Jan. 2022 Price has now formed a Head and Shoulders pattern with a breakdown to confirm Price has now pulled back to neckline and is rejecting 50ema Yesterday’s gravestone doji at resistance is my que to enter. Entering short trade Entry: 48.49 Stop loss: 51.00 Target : 41.00 – RR ration 2.98
COST COST enjoyed a nice continuation of uptrend from March 2021 thru Jan. 2022 Price sharply came crashing down from 560s to 470s. Price bounce from 470s and looked like it was about to hang above moving averages and possibly make a move towards 570 again. We had a false breakout from minor resistance at 522 and price the next day fell back under. Price now is...
SNAP One of the Covid champions. Since debuting in 2017, SNAP moved sideways and did a whole lot of nothing. That was until covid hit. Price started an uptrend June 2020 where it saw price climb from 19.00 to 79.00 by July. 2021 Price then started to move sideway between 70-79 during July thru 0ct. 2021 Then SNAP was dumped. Price gapped down to 55.00 Oct. 2021...
PENN PENN is currently in a downtrend since breaking down from 81 level. Price has now pulled back to 50 ema in form of a bear flag. On the pullback, price also rejecting resistance level at 51.65. On the last day of trading, price broke out and down from bear flag and the candle stick being an inverted hammer. This is my cue to enter trade. Entering trade...
Russell 2000 RUT chart paints one of the best and clear pictures of where our economy stands. Since topping out in Sept. ’18, RUT broke the trend and went into a sideways market. In Nov.’20, price broke out of sideways range and continued uptrend. At breakout price of 1708, price continued uptrend and topped out at 2355. From there price broke down and close...
MRNA If you didn’t catch the Covid hype train going up, you can catch it going down. MRNA’s uptrend found its top between Aug.’21 – Sept. 21 when the uptrend came to an end after closing below 50 ema which it was previously respecting to start trend. Price fell then started to move sideways between 227-362. On Dec. ’21 price attempted to make a move up but...
PDD Easy short trade Price in existing downtrend Price entered sideways range between 47-64 Price broke down from this range to start continuation of downtrend. Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade Entering trade short. Entry: 39.97 Stop loss: 48.78 Target: 19.53, +51.14%,...