themoneyman80

themoneyman80

At this point, with market volatility, the selloff, looking likely to end even if temporarily with market indicators, looks like a swing for a few hundred, if not more, to the upside, certainly has a tenancy of being bought at higher levels at this mark.

themoneyman80

Closer to the 300 mark and consistently has sold off, but it looks like a good turning point. Again, it could temporarily slow down and consolidate in this region. Still, a breakout is pending, and 300 plus is undoubtedly not far-fetched as this has performed with volatility in the past, at almost high levels of reversal.

themoneyman80

Many indicators could factor in, but surprisingly enough, it's found an area where it can make a move at the bottom of the barrel. Fundamentals are ready to reboot; a critical note is the 200. Now, a favorite of many hedge funds, everyone focuses on it and could consolidate here for a while before the breakout.

themoneyman80

With bearish activity and a bearish movement highly anticipated, the stock could go as low as 220. Based on central positioning in many fundamentals (not oversold to maximum capacity). Also, the next few days could become more apparent toward a lower side based on wicks being filled and higher volume areas.

themoneyman80

Not meaningless, after what has been an on-and-off start to the new year with additional holidays and less time to soak it all in, the breakthrough could be short-lived. Every indicator is starting to agree with this. Still, even before the last candle confirmed this set-up, I would be hesitant to enter a short until further confirmation is given. It's a matter of...

themoneyman80

Still moving, so I will have more room to run before it comes down, looking for a start at 162.

themoneyman80

A simple practice, from a basic 101, stands out as the chart pattern has told us numerous times, the last candle, the overbought areas to reconcile all this and more expect a correction.

themoneyman80

This area's massive volume and liquidity could be retraced and pushed to higher levels. The candle shows signs of reversal or what to look like; this could be a pause in its pursuit of 200 before the next run-up.

themoneyman80

The oscillators are waiting for a breather and a break. This is going to break the mid-90s if the bearish sentiment gets louder. The tech sector, specifically AI, has helped with bullish conditions in the market. Technically, this has more than enough room to continue even lower.

themoneyman80

Maximum overbought levels, from oscillators to indicators to chart patterns, a run below 10% might be unusual under current market conditions. Still, from a T.A. perspective, the impossible downward move isn't.

themoneyman80

The volatility seems to be returning, and the overbought levels, with a negative histogram, could soon turn. Still, with the sideway movement since November last year, it will be difficult to break away unless we have a significant catalyst.

themoneyman80

With the oscillators all bearish, the trend line still serves a purpose that it could bounce from; even though it has been a bullish month so far in general, it could go down to 374, but a lot of liquidity at 380. Bearish sentiment, in a retracement.

themoneyman80

Since the high move and the downfall, the central line could mean the stock is still repositioning itself and has yet to find the outcome of the direction in which it is confident. The stochastic RSI is centrally located, and the MACD, even though a bearish run has crossed over, short-term EMA and other oscillators and indicators seem bullish. Still, it's 50-50 in...

themoneyman80

With central oscillators at resistance and overbought levels, this could be a retrace by 5% to 21550 or around that area. The only lack of confirmed bearish sentiment is MACD and H.A. Otherwise, the chart patterns could form a plot to continue higher to the 22000 mark, but that comes after a much-needed break.

themoneyman80

This has a substantial short float but also 3/4 of insiders. The chart is primed and continues to get good numbers minus the previous earnings to report. The up-to-date guidance is above expectations and should see this rise much faster. From mid-20 to 17, there isn't much to ask, considering the length of time stochastic has been hovering at resistance.

themoneyman80

With the candle from the last session and the overextended overbought positioning, a retrace to 19 is a reasonable feature that could prove crucial.

themoneyman80

42-44 region of a correction at a time of a retrace. RSI is turning over at resistance. The only oscillator yet to indicate a bearish move is MACD with H.A.

themoneyman80

Oscillators are not ready to reset, not OB or OS, but more neutral. The only chart pattern is the higher lows, but a squeeze is coming in even though the histogram is fizzling out, I am an avid supporter of 246-250 based on indicators.