Calls
TSLA vs BTCUSDT Comparison Just ran an interesting comparison of TSLA vs BTCUSDT. With TSLA being heavily invested in BTC, I think it's worth a look especially with BTC breaking out to a new ATH today. Check out this comparison, hinting at TSLA on the verge of it breaking it's own ATH at $900!
TSLA reports earnings today, 10/20/2021 After Hours. I am positioned net long. Best of luck!
SPY Looks to Shrug Off Uncertainty on Several Key IssuesAMEX:SPY
Sorry for the delayed update.
SPY has been extremely bullish since my last post where we were bought up at a critical technical level of confluence. With the amount of strength that came in at that zone, it signals to me that it's not the broader market controlling these moves. As long as the the technicals are in tact, that's what matters. For now the technicals are showing a megaphone pattern which typically breaks bearish, however, the pattern is not the easiest to predict.
$SE | WEEKLY WATCHLIST 10/17Simple chart here for this one. I wanted to keep this one simple. All eyes on the key $160 level. Please take note of the Weekly MACD bullish bounce as well as an increase in bullish volume to support the bounce. This indicates buyers stepping in. We have the Weekly RSI downtrend resistance approaching and looks to test very soon. There, we will get clear direction if we will full send higher, or find yet another local top rejection.
I will enter a long position on the break of key $160 level this week. Target above is $165, $170.
$QCOM | WEEKLY WATCHLIST 10/18Nice bounce off the bottom of the wedge here. Looking for continuation upwards to targets above at $135, $139, $141 and $145 as long as the low holds. Take note of the Daily MACD curling positive as well as the Daily RSI breaking out of downtrend!
I am already positioned in a long swing from last week on this.
$PINS | WEEKLY WATCHLIST 10/17Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart.
I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled Daily gap above from roughly $61-70.
$AMZN | WEEKLY WATCHLIST 10/18Anticipating Amazon to find a local top around the $3420 area and pullback into the indicated buy box. That's where I'll look to ideally go long. However, it's important to note that Amazon had an extremely strong bullish weekly candle last week, so we must take that into account going into this week.
If $3434 breaks with volume, I will take it long looking for $3450, $3500 targets immediately.
$AAPL | WEEKLY WATCHLIST 10/17As long as the lows at $138 hold, I believe Apple has put in an EXTREMELY important wave 4 low. As most of you know, Apple can act as a market-wide indicator and typically is in line with the trend of overall market. Hence, if Apple dumps market dumps. If Apple makes an important low, so did the markets.
With that being said, this week I'd love to see a break over $145 to take entry in a swing position looking for a new ATH to finish off wave 5.
$TSLA | WEEKLY WATCHLIST 10/18Tesla had an extremely strong weekly candle last week, and am expecting to see continuation into this week. Possible we see a slight pullback first, but I wouldn't try jumping in front of a moving train. I'm already positioned long from last week.
Possible we see a new ATH this week... long term outlook still the same as it has been for months now.
Facebook stockJust my personal opinion on Facebook for next week! Please give me some feedback and let me know if I made any mistakes it would help me a lot. I appreciate you for watching, thank you so much!
FB optionsFb is a risky trade but looks like it should reach $332 and reverse. If it holds next PT is $336.
nifty absorption going on 18035 and upnifty goin up. absorption is going on make sure get out when it hits your channel @15mins
Energy Sector Showing Inverted Head and ShouldersAMEX:XLE
Scanning through the sectors I noticed something quite clear, an inverted head and shoulders with a possible retest playing out. This is supported by the laguerre rsi below. I'm expecting prices for XLE to go higher and potentially confirm a megaphone pattern.
SPY Gapping Back to Bullish... AgainAMEX:SPY
The top Indicator is showing bulls taking control and that matches up nicely with out trendlines. We completely avoided a heavy resistance area by gapping clean above it. The lower indicator is not yet as strong as I'd like it to be but the move is supported by other features displayed on the chart.
$TSLA Just in case you've been blinded and forgot the bigger picture. Been awhile since I've updated my long term Tesla chart for you guys.
btw I'm positioned long already, the entry for long term was honestly awhile ago. Just created this in case some people didn't get in yet and were interested in R/R from here.
Target: $1000 by Q1 2022, then $1500 by August 2022.
$TSLA | WEEKLY WATCHLIST 9/27My top watch this week! I am already positioned in shorter term calls (10/1 and 10/8) from last week. Looking to complete the wave 3 impulse around $793-795 before a minor retracement.
Ultimately seeing higher towards the $836 and $900 region.
**A BREAK OVER $780 IS CRUCIAL THIS WEEK FOR BULLISH CONFIRMATION**
$SNAP | WEEKLY WATCHLIST 9/27Absolutely TEXTBOOK example of how powerful my charts can be. Entered long the 80c 11/19 @4.7 on 9/22. Contracts are currently worth 9+!! Congrats if you played and please be sure to trim.
Although a monster move already, I see more to come. Possible we slow down and consolidate in this $80-84 region to build a base and explode higher to the $90 region. If we get a larger pull, I will take profits on my remaining position and look to re-enter in the future.
Ultimately looking for $100 target by the end of the year!
$GOOGL | WEEKLY WATCHLIST 9/27Another name that we called the bottom on perfectly. No changes since the last time I posted. Bounced exactly where I showed on the chart. Now, looking for breakout above the red resistance line. Please note the descending broadening wedge pattern which is BULLISH!
Looking to enter a long position on break above red resistance line to test $2900 and ATH.
$DKNG | WEEKLY WATCHLIST 9/27We predicted the top and that a wave 4 retracement was on the horizon. Now that we have gotten the pullback, eyeing an entry to go long soon. I want the $50 level to get tested and hold to get in. Will be watching the chart closely!
$BA | WEEKLY WATCHLIST 9/27An extremely frustrating stock that feels like it's been bull-flagging forever. If you look at the previous trends, this stock has the tendency to drag out like crazy before exploding. Wave 4 looks to be in, bouncing off the 50% retracement multiple times and showing a complete ABCDE corrective phase.
As long as the $210 area holds, we should see a nice impulsive move up to the $300 area by December.
Actively watching flow and chart for potential long swing entry! Please view chart for in-depth breakdown of suggested play.
$ATVI | WEEKLY WATCHLIST 9/27This setup may take a little while to mature, but sharing now regardless. This setup is on my radar. Beautiful bullish falling wedge and bounce off the 50% retracement in wave 4. Possible this was the low, but want some time for the chart to play out and confirm more. Watching for a falling wedge breakout which would get me interested in a long swing setup.
Long term target: $100+ (mid 2022-2023)
$AMZN | WEEKLY WATCHLIST 9/27After calling the top and predicting the bottom, I'm feeling fairly good about this count. As long as the low around $3304 holds, I am looking for more upside to ultimately hit my $3782 target by November.
Please note we have not completely filled the daily gap yet.
Will look to go long over $3434.
$AMD | WEEKLY WATCHLIST 9/27AMD has been quite frustrating throughout this wave 4 pullback. Possible we see a breakout of this extended bullish falling wedge to play upside in the next 1-2 weeks. Looking to retest the $114 level, above that we get a larger breakout to ATHs.
However if we reject the falling wedge resistance here, possible we see waves D and E to complete an ABCDE corrective wave, rather than the proposed ABC above.
Will go cautiously long over $107.
