thelion01

thelion01

Last time when NFLX has a run up and dump to sma 100 weekly as a support there is a big bounce after as per the arrow indicators. Monthly seems to be holding the trend line support. daily still very OS RSI 23. Could this be another run up like last time?

thelion01

not a perfect H&S but looks like the neckline is around 168s... I mean appl missed their ER last time but the stock still edge up? Overall market due for a correction with over bloated balloon cheap money floating around , low interest rate, crazy high inflation....this is not going to end well...

thelion01

I have never seen an index gap up so many times. This is the 5th gap on spy. I think the hype of Tsla drive the index higher. I will be very caution as i think tsla will have climax today or tomorrow. I know blue sky can be extended but not like when you gap up 5 times ?! I would take some spy shorts. GL

thelion01

It has been incredible bounce for spy but 4th gap up on an index, hourly RSI above 80s and Macd on hourly about to cross down. I would take my chance and short this at least for some gap fills....

thelion01 Updated 

looks like mkt ready for a move down!

thelion01 Updated 

there is a gap down around 400 area...caution needed!

thelion01

I am spotted an inverse H&S. Telehealth will be the future...

thelion01

It seems like numi breaking out from the falling wedge and Macd is crossing. Would love to see the sector come back!!! I believe the financing deal is at 1.25 so way below that price.

thelion01

Doc has been had a crazy pullback since the dilution news. They do raise another additional 8.2MM with demand selling for $2.7 per share. Currently, it is trading below that $2.7 price. It is a grow company and the telemedicine sector will be the future. Right now it seems like showing a change of daily trend and hope we can bounce up from here til around MBB 2.5...

thelion01

I would expect this will bounce to at least gap fill mid -27. Short term bullish with gold set up a reversal hammer.

thelion01

I hope so as long as the market stay in the up trend...

thelion01 Updated 

I have learnt the hard way to count the top with the mkt on the fundamental bias. The blue sky is powerful and it is hard to count when it will top out until we see the sign. However, bias on the last blue sky breakout. Spy went up almost 6% and then pull back 10% approx. So based on recent history, spy should be able to get to approx 283/284 then have a 10%...

thelion01

Let's hope this will be weekly higher low for another explosive move :) I did started a starter position around here.

thelion01

It is unbelievable that stock market ride up like everything is all good and coivd is gone. Put aside fundamental, just looking at the chart, it is a very strong uptrend and we are in blue sky!! Blue sky is powerful it can go longer than you think it could. consolidation will be along the way but I don't expect any big drop like March unless there is another...

thelion01

The trend is bullish daily & weekly, trend is your friend - I bet this will go up and fill that gap soon! UBB not in the way, RSI not overbought. WIll spy blue sky, this will push up higher to fill the upper gap!

thelion01

After a big sell off which i don't know why as they even have price upgrade. Anyways looks like a good swing trade here to head back up to mid 50s. This stock moves so slow that need patient. Macd crossed daily, vol drop off, a pennant spotted. Christmas rally may able to get us back to mid 50s?!?! Good luck!

thelion01

Fundamental of the mkt doesn't match up with the chart. But it does look like a bull flag in making to go for another ATH. Trend is your friend, I have tried so many time to short the mkt and i learn that it doesn't matter what the fundamental is, what matter is the price action and the trend. Covid number doesn't affect the market any more....What pattern do you...

thelion01

It does look like it will have another leg up...cup and handle forming....hmmmmm