samhickmann

samhickmann

A lot of people r comparing 2022 stock market vs 2008. It's true that TA is very similar. One can argue that we're at the dawn of a big crash. Time will tell, but I'm an optimistic. Jan 2021 was a healthy pullback and now it's time for a dead cat bounce. #nasdaq $NDX $QQQ $SPY

samhickmann

Not the scenario I want but unfortunately, it really looks like BTC has entered Phase D of a Wyckoff Distribution. If so, sadly, we are going to retest the $20,000... Caption: PSY: preliminary supply BC: buying climax AR: auto reaction ST: secondary test SOW: sign of weakness UT: upthrust UTAD: upthrust after distribution LPSY: last point of supply

samhickmann

I know, it sounds crazy. The white curved line is an 11-year resistance, but who thinks of curved resistance like this?! I prefer to see an ascending channel, and the ascending channel tells me that if we break out the previous ATH, then the next level is $400K. Time will tell 🔮

samhickmann Updated 

News: Last week we heard the fantastic news that the Lucid Air Dream Edition received an official EPA range of 520-mile. Technical Analysis: Last week, $LCID * ended above the 50 moving average AND the 200 moving average, * broke out the descending trending line, * ended above the volume profile visible range (VPVR) point of control (POC), * volume started to...

samhickmann Updated 

Last week: * bounced off of 50 moving average and ascending support line, * consolidation above $200, * ready to break out Target 1R $259.60 Entry $217.97 Stop loss $176.34

samhickmann

AMC new major higher low, now just above the 50MA, broke the 7-day descending trend line. If it pops above the 20MA, it’s a buy for me at $43.34 for a quick scalp, target 1 at $49.69 (high probability of resistance at $50 and retest of the ascending trend line)

samhickmann

⚠️ Risky setup! If it breaks out the first descending trend line, entry at $75.36, stop loss at $65.59. The first “mini” target at the 50 moving average $80 with a high risk of resistance and bounce back, therefore, move the stop loss at break even. If it breaks out the $80 resistance line, then the next target is $87.71

samhickmann

The past week, $AI has been consolidating below the 50 moving average, trading sideways until reaching the descending resistance trend line. In the meantime, putting 2 higher lows, forming an ascending support line. If this week it breakout above 50 MA, it’s a buy for me. Entry at $52.41 Target 1R $60 Stop loss $46.44