LRCX in the same position and price AMAT was this time last yearLRCX following in the foot steps of AMAT to $295? AMAT also repeating the same move it made a year ago right now as well. Both are in the same field both are involved in the production of Ai processors and the tools to make them. I think its ironic that LRCX just happens to be in the same pattern on the same month AMAT started its nose bleed run up.
Option shares right now are expensive for a $74 stock no matter how long or short you look. Somethings going on and the companies in the semiconductor industry know it. Nvidia and AMD prices right now are very inviting which means they had to reduce their prices either by splitting them or something but they must know that a boom is about to happen and they needed to make their prices in line with what is about to happen. I haven't looked at stock options in over a year and I was surprised to see everyones prices had gone up. Yet Semiconductors all seem to be price point. With the materials side looking Bullish as hell. I am just saying keep your eyes open on this because its about to happen all over the place.....a shift a huge shift.
by iCantw84it
10.16.24
Icantw84it
Gold to $2057 overnight by 6:15am in the morning 1.04.24Gold should start its climb up to $2057 tonight . There should be on last push to 2048-49 then it should start its climb to $2057. Nothing really super technical here. It finished accumulation, then re-accumulation, made a control box, broke out. ran up. Dropped back to the zone to find support and resupply. Pushed a little deeper, and now setting up to break that high using the measurements it made doing everything I just said. Which points to the $2057 area and Im throwing in some timing to make it interesting.... I have a natural rhythm to the market and with that it should finish before 6:15am. just a zone break, followed by a pull back to support and then a launch for profits.
Lets make a BottomBounceIndicator today=Step by step annotated=
Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional creature by nature.
**Fun Fact**
There are two (technically three if you combine them and care about people in general) but for our purposes there are two ways to make a decision in life.
Logical: Everyone has done this before:
You want to buy a new car(substitute with whatever gets the juices flowing).
You go online, you do your research and you come up with these things that are going to be absolute in your buying decision:
Year, Make , Model of vehicle you want
Color, style, package, interior
Must have features as an absolute! Like Sunroof
Dealership you will purchase from (normally closets one because people are lazy and like getting taken advantage of)
Price you will pay.(if they knew the invoice it would be that because people don't need to make profits on things that cost $20k+) “oh, you guys will make it back on someone else” (Because everyone believes they are that one person that is above everyone else and deserves things for free) I=(
Trade value you won't take a penny less for. (because for some reason everyone believes their car is in Great Condition and showcase ready)
Bank they will get their money from or Cash they have to spend(Usually if its cash it's some absurd perfect trade and absolute negative deal that makes the amount of money they have just right.) ;: )
Interest rate they will get
Amount of money they will put down
Years they will finance
**I think that covers most of it*** (boy im really going deep into this scenario….)
Here is where reality sets in…
You show up to the dealership and you tell the sales person you are just looking around. (Because you love being tortured by salesmen and you felt, “ hey I don’t get much free time let's go to the dealership and be harassed by salesman” (sounds about right) Finally, you grace the salesman with the right to show you a vehicle.
You tell them everything above about the car you want.
2024 Lexus RC350 f package White with Red interior $54,072 +++
Emotional Decision:
While on your much deserved test drive you start to take ownership of this finely crafted out of the most premium of premium hand stitched leather seats and steering wheel, wait what's that the shifter also has the same leather on it. And look at that dash it moves when I start the car! Push button Start, and the LEDS! Sunroof, Navi, Surround Sound, and OMG the seats are like Hugging me!
Who cares about Covid and being isolated from people when I can be hugged by this seat! Heated and AC, WHAT! Of course my Honda has it but not like this!
The steering wheel doesn’t even shake at like 100 mph, ok the salesman is scared….let me get a hold of myself.
Trade Details:
Trade: 2020 Honda Accord EXL Black with gray interior
55k miles regular maintenance (obvs right before the major 60k mile checkup)
tires have been changed once.
No Wrecks one owner. New was around $32-34k
4 years old 15k miles ish/yr
The decision:
Location: Local Lexus Dealership inside sitting down looking at numbers…
The mood: Serious
During the test drive you:
Fell in love hard for the vehicle
Fun fact: you can't see the outside from the inside.
Lexus doesn't make cheap interiors so it doesn't matter the color as it looks way better than the “Cord”.
While Driving you started thinking:
You know I got that bonus and haven’t touched it, I could put that down as well.
I mean I could pay another $100 a month for this.
I didn’t think I would like the Blue but I actually love it!
Black is so hot but really they are all hot! As far as interiors go.
If I could finance this through them, maybe I’ll get a rebate or something and then just refinance it with my bank so I don't have to wait and I can drive home today!
Emotional Decisions: replace all logic and throw it out the window, think of it like an extremely efficient Moving company with a crew of like 15 jacked dudes and pull up in an envoy that is reminiscent of a Military Convoy. And literally toss everything you have out the door and windows and load up, take off in less than 15 mins.
Then what happens next is they bring in the Decor team which is made up of like every reality show Fix it and ditch it Home Renovation Show put together and within the next 5 mins they fill your home full of new IDEAS! YAY!
Back at negotiations:
You stand Firm and You tell him with a serious VOICE that you will buy it for 84 months $ 690 with $5k down and that you will take $18k for your trade and not a penny less!
Finance through them for the rebate but really so you can drive home today. Interest Rate: 7.99%
All for the Vehicle you test drove:
2024 Lexus RC350 f package Blue with black interior $53,761++
After a few hours you finally walk out to see your brand New Car and get handed the 3 C’s =
See your Car
See your Keys
See you Later!
And that my friends is how emotion will destroy your logic every time!
By iCantw84it
10.30.23
In 2 days its my bday give me a Bday Gift I love Boosts! Plus they are free, if you found this somewhat entertaining, and educational pls like follow and BOOST! Thanks!
*** btw if you want to know the 3rd way just shoot me a message and a
*** btw if you want to know the 3rd way just shoot me a message and I’ll let you know.
GBPNZD No sleeping tonight! Big Multi Timeframe Drop!Not sure what this looks like to you, but this will be my 5th Massive multitime frame synched drop. It happens rarely, I could probably find one every week if I dug deep but finding then by accident is so much sweeter. I tracked one of these dropping for 5 days one time. It was like watching a nuclear warhead drop! I called it the finger of GOD. RED candle just dropping straight down. Its already moving on the hour.. The way this will work is that it might pull back to mean and ever 3rd or 4th time it might go to the top BB and then drop again. The smaller time frames will dump then the next largest and so on and so forth. If you look at the higher timeframes you will see a pattern. The weekly is stuck in the up position in the middle of the W . The Daily has already came down and it is what the weekly will look like when this is done. The 4hr just finised the W at the top of the move. Not the much larger one like the Daily. The hour is already finished the W at the top and is about to drop to help the larger timeframes catch up on the move. This will most likely bounce between $2.00 and $2.10 until the Weekly is done with the middle part of the W. Then it will go back up to make the last leg of the W.
When that is finished it will set up to DUMP this might take weeks to finish but you have a move here to play over and over til it does.
by iCantw84it
10.29.23
p.s. started my trade as I was typing this its already up to $300.
XAGUSD off tonight and tomorrow, up 1500 lets go Trade 4 Lets go New indicator, new trade. Got the next 36 hours off lets trade all of them lol. I think more down side push today i gave back some money even though I knew it was going to consolidate and run up and down across my entry. Mistake to trade at work missed 3 oppurtunities to get out with at least $400. SMH. Anyways, lets see what the market has for us today.
Going to work on perfecting my big push no gain entry signal. Might actually make an indicator for that. Its when you have a candle at the top or bottom of the channel and all of the sudden you see all this volume going into the candle but the candle isnt moving. Thats your entry candle..... that's the one. Just go opposite of what that candle is doing.
**** as always if you like or enjoy these posts pls like follow and of course boost (because they are free) and it helps me know you want more of these. Thanks again for all of you who boost the one from yesterday. Now , I didn't harass you guys for boost yesterday and only got 5....but It was a $1800 win on 1.5 lots.....come on? Do I need to ask for that?
by iCantw84it
10.02.23
XAGUSD Lets go! Just spent the last 4 days coding. ShortXAGUSD has been bleeding so to figure out what it will do from here on out... I decided to make an indicator. So I spent the last 4 days coding this monster. Yes, My indicators have seizures written all over them. I agree, and yes I was one of those guys who would look at a friends chart and be like, bruh, I can't see anything through your mess. However, I know what all my seizure induced lines mean, because I built the formulas for them. Plus, the finesse of my coding language and understanding what is possible is sad. However, my twisted brain sees things and hears voices and that makes up for it. You just have seizures when you use it. So while, trading gold i came up with the idea. What makes Gold or Silver?
Seriously, what drives this thing other than fear and greed? More GREED! And a lot more fear! lol
So , I took my new found greed and fear and came up with a formula to identify how they affect gold. Tweaked out fear and greed affects my stocks by making them the same size and sending it off to school with a brand new back pack thats clear. packed it full of lots of snacks and even through in a bottle of grandmas pink and blue pills. You know so he can buy lunch after dealing it all out.
So what does little tommy do?
Red Line: Stair steps under price and pushes away from price action durring times of accumulation. When it starts to come back and actually crosses price action for the first time after dipping, its GOLD! no pun intended. If price is moving up but red is not.... I am not scared not even a little.
White with diamonds: Its a momentum reader. When it slings above price its most likely about to dump. when it slings below it most likely will pop.
Yellow lines and green lines: Also momentum readers Mad simple but affective.
White Line Price projected line just like Red and blue.
These next two are a separate indicator that I created as a culmination of all the other lines and what I have learned from them. Stream lining them into something a lot more true and less reactive. its the perfect balance to what the other lines are. I can run a 1 min chart and feel confident that what I see is what is happening.
Dark green and mustard color: These two are legit AF. If price runs below mustard it wont stay gone for long....rarely will price make it over mustard for any given length of time. Unless it is ridiculously bullish like news popped and everything. Green is the high end rarely will price ever pass green. Ever!
Anyways, I am using these lines to trade this short.. been in it for about an hour now. up $742 on get this... 2*.5 lots. lol
Naturally, if you enjoyed this pls like follow and most of all boost! Thank you everyone who boosted my last post. 22 boost is like wow! It didn't end the way I wanted but it gave me the knowledge I needed to make these indicators.
$772
Red line so far away from price......
The symbols are from my ESVO indicator that predicts price action kind of the same way these two I just made. Except, the esvo is alot more sophisticated on alerts and swings and letting you know when all the trading by the big guys has finalized and come to the point where they are about to reap the benefits of all the corralling of retail buyers.
The one I just made that is mustard and green, is super specialized into one stock and hyper focused that way. It literally is stalking it like a serial killer. Wearing a skin suit of Silver and gold just to feel like its actually them....sicko I know....
by iCantw84it
10.01.23
XAUUSD who's ready for another trade? If you were trading with me yesterday I took you down a 6 hour tour of what XAUUSD was doing every move it made and every move I made. I am starting my prop trading test today. And yesterday was my preliminary test to see if I had my rule set down pat.
Also, to see if I can guide others through it step by step.
How many mistakes would I make?
Were they Huge or small?
Was I profitable or not?
Did I obey by the rules or not?
Could I make someone else money?
Yesterday I made 16 Trades 3 losses so around 80% Trading the last trade was really just to see if I needed to continue or not and I shouldn't have made it. Only a $50 loss across each loss.
Avg Trade was $200.
Max open lots was 8 singles at one given moment and over half were around $300.
My only regret was that I didn't catch the 90% pull back before it was too late. Need to come up with a better way for this, Which I believe I have with my new indicator that shows price under the lines. When it rotates to above it is very bullish in that moment even if all my other signals are saying its not going to turn completly or reverse me out of my trade. Had I caught it in time , I could have made profit rode it up and then back down. Which I had the trade channels set to do that if I wanted. So potentially somewhere around 3x profits or more realistically 2.25-2.5 profits because of slippage. I ended up with $2882 using singles on one move over 6 hours. Yes, I know I could have made a lot more. Another trader made 24k on the same move yesterday. However, this is new and I am trying to stay in my lane. lol
Todays Trade.... Not sure up or down yet. Im coding a indicator right now for this using chatgpt trying not to waste my day too . but its consolidating so we should be good. im late getting in I will start this now. when the market closes I will close as well but when its back up at 6pm est I will start it back up.
XUAUSD Next Stop 1905-1900 pls put trays in the upright positionYes these lines might cause you seizures do not look at them if you have or a family member has experienced or has a history of having them. I am going to post two charts one is something I just made. so simple. and another is my indicator. both say market wants to dump to 1900ish-1905. this chart a signal when the market basically burps or farts....lol sorry but you aren't suppose to see it. I see it because I made my indicator with my own formulas. I use that symbol's candle that it is referencing and I can draw channels leading from it above and below price action using other price action. This shows me where price will go if it breaks out one way or the other.
The other chart is an instant direction indicator which right now on a 15 min chart is showing both lines pointing down. the stronger the trend the straighter the lines and the closer together they are. you can switch down to a 1 min and see what the instant is.... if the red line is on top while moving up its a weak move... probably ignore that move. When green is on top its got alot more momentum to it. I normally add to my position when the red is on top and moving up. When it switches I start closing positions.
Right now the market isnt running full steam but when it is there chart I am using is set to move against gold when the market is running up or down. depending on different metrics. Its kind of smart. Once I get it dialed in It should tell me where gold will be headed to. There is a .30 cent difference in price between the two with the market closed. I can imagine on really huge volume days this can have a massive divergence and push this.
Thanks for taking the time to read. I love messing around with new things and this was fun.
Please Like, follow and of course boost...as its free. And it shows me that you appreciate or want to see more of this.
by iCantw84it
09.25.23
XAUUSD 3rd trade today headed to 1923.50XAUUSD I have gone to just trading this while the market is down. It is incredibily predictable with my indicator. I have anchor points for where Channels originate from and flags for when demand is exhausted. Supply lines for pull backs. and speed inidcators built in for streangth of moves incase a reverse happens.
Target should be 1924.50 third trade of the day each ones target was drawn 1-2 days ago.
Pls like and boost its free.
by iCantw84it
09.22.23
AUDNZD Just made its turn off the bottom.AUDNZD need to reload with some stronger hands to continue going up. This move is already finished its bottom turn. I have a path copied from back in the past that mimics not only the candles but the placement of the lines and the intent or set up used to get it to look and move the way it does.
ESVO is the indicator that I use I made it with ChatGPT using my own formula and it shows all the interest of all the different timeframes and also identifies oppurtunities where price is in agreeance across all timeframes and launches for a profit run. It also has signals that let you know when the move is over as much as 24 hours prior to the event.
by iCantw84it
08.30.23
AUDNZD Round Two.... FIGHT!Its that time, AUDNZD took a long kiss good night over the weekend and woke up to prince charming this sunday. If you see the price action on the 4 hour in riding in between the interest of all the timeframes. This is something new I have seen but Its mostly on forex.... It seems that who ever is the main mover of the market likes to use all the timeframes to buy and sell shares at. pretty interesting and actually kind of smart. Its different from traditional markets so its pretty intriguing to me. Use the interest of the buyers and sellers to dump your shares and resupply which would make the move a lot faster as your are using each area of interests to move you to the destination.
Anyways. Should be a decent move to the upside...not saying it can't run down a few more times.... I added a path from a previous move which it should align with.
by iCantw84it
09.03.23
Path needs CPR and someone's giving it!Path has been theta crushed for over a month but you know what.... Someone is breathing life back into it and its about to come back to life. This set up is strong.. all time frames are in agreeance with this price that is sitting right above it... that means price will slide right through this resistance area and find support... once that happens it will launch. I will make a smaller time frame version of this to watch.
This indicator is my ESVO that I have upgraded and now has alerts for price contraction, speed doubling, and volume spikes... plus some icon love that shows when a explosion in price could happen following re-accumulation... which is represented by a nuclear reactor symbol and takes between 51-31-31 bars after each symbol.. typically you get 3 the last 31 marks when price goes back into contraction phase.
The lines depending on which is on top or bottom represent timeframes and the aqua is the key to the push up or down. Its location how straight or unruly it is. What other timeframes it crosses. When it crosses price action. This timeframe when an algo or big institutional is on a chart.... Tells you warning signals as early as 24 hours before an event. It takes a certain set of conditions that you have to learn to look for but that's as easy as just panning through charts one after another with about 1-5 secs on each. One day I will get a scanner to do it but IM not done playing with it.
When the lines are all together and price is about to pop it.. that's your move. It needs support after that. When it finds it... its gone. Now 3 problems you have to work out.
1. Are you in low enough or can you stomach the time it takes to pull back and find support?
2. Can you stomach the pull back if you didn't get in low enough?
3. Last and most important in this market... Can you pull the trigger and get out when you have made a profit, or will greed keep you in to see it disappear?
The last one is the one I have the most issue with and am trying to find a solution to. When is enough.. I need to add an auto profit target to the indicator and I think it will be complete enough to stand on its own outside of any other alerts and goodies I want to add.
Thanks ChatGPT for the coding and Yes I used my own formula for the lines and how they are calculated, I also added some accelerators to make it more responsive for Forex and futures trading. The speed gauge is so you can take a pic when you get in and can pull it up and see where you are as far as speed and movement or velocity. is it ramping up or dying off.....
by iCantw84it
08.30.23
NYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 New GroupNYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 This is my new group it started at $3.50 this morning. Was finally able to get a 1 long term of my new addition CAKE and 3 short term. Same game plan. Wait for a strong day and look for potential weakness and take profits. Add something new to keep the balance. Will post a new list of refill potentials later.
This combination has been working pretty good by keeping my group in the green even when one needs to reaccumulate or I get in to early.
CAKE set up for Profit Run Monthly, Weekly, Daily should be hugeThanks to Savvy Sean for finding this and asking me to chart it... I havent seen a monthly that was this ready and in line with weekly and daily at the same time....so This should be a huge move. I got 1 110 day and 3 43 day option plays on this.... plan on pulling some profits the first sign of weakness on a longer time frame. However I plan on jumping back in at the bottom of same move. this should run for a few months. the target is the 50% drop it took in price action around $68ish...
Like follow Boost its all free.... if you find this interesting and want to see more.
by iCantw84it
07.03.23
TCOM Naturally I jumped in early so you dont have too!TCOM setting up to launch... Made DEEP support and about to pop the last string on my ribbon. The ESVO is a col and price oscillator that marries the two together... the lines are where all time frames interest is centered. So major support and resistance is created when they merge together. meaning all the time frames are in agreement on where the price is.... when support is made after passing it... It starts its profit run.
90% on stocks that have popped the ribbon and dropped back below.... reaccumulated and popped it again to find support. Natrually I jumped in last week..... And now its about to be ready.
by iCantw84it
06.30.23
The good the bad the Ugly....Trades for 6.23.23Maybe I am in patient, and even though this looks ugly I am going to post this.... I will post the individual charts for each stock. At the time I added the new stocks to this. EBAY was still being a turd and Bili was scared of its shadow. So if you take those out then we have TCOM and Love not done coming down when I got in....so Maybe give it till 11:30-12:30 EST on 6.23 for some of these. WM being a beast still from my previous trade. AWK started out semi strong then got weak as I was writing this.
Now on to what I do see....*sigh* In the market all travel has been setting up behind Airlines to pop the ribbon. The Ribbon is the ESVO, which is basically the physical representation of the river used for supply and demand. Not only travel, but Natural Disaster stocks are priming. If you have been following my trades. GNRC, AIG, WM, AWK these are all natural disaster stocks. Look at URI also a good one, HD also a beast, LOW.....duh. all popping the ribbon and finding support. Some of these on lower time frames are not there yet. But I like torturing myself.
Note to Bili and EBay I will cut you, like a Latin Kings Girlfriend in a club because you stepped on my shoes while I was waiting by the bar...... Just saying.
I will give these too monday if they arent acting right drop em.
iCantw84it
6.23.23
BILI right here.... this will be my 5th trade in this series.If you don't know I love BILI both as an anime company and because of its lovely predictable stock price movements.... I am not saying this can't revisit $8 like it did when I got in at $15 however, it glimpsed $8 and came back to profitable in about a week.... and I don't really do option calls for less time than that unless its a short. Bili had decent earnings which I believe they used to stop the bleeding.... Magically right in my target zone. If you haven't been following go look at my previous calls and puts on Bili. I am like a Bili whisperer... lol I put the 20 min chart on here so you can see a fair good amount of price action... The long term is doo doo on this because its been bleeding for over 5 months. This would be catching a falling blade. I have a 7 day right now for teasers to see if it will move or not. if it does start to move I will wait for a pull back and jump in again. Price Target Upper $28-29 range. Might take profits 20s and 25 range and leave runners.
p.s. I am not saying just jump in blindly... I am saying this is where It peaks my interest. Trade at your own risk. Don't use money you can't afford to lose.
I will leave you with a quote from Cable Guy, " OH! Bili........."
by iCantw84it
06.02.2023
BILI*4+AAL*3+SNAP*3+ATVI*2+JCI -All my Trades in one chartThis is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in mind we aren't even in Stage 1 of the profit run. Each line represents where Volume and Price meet in the middle on every timeframe. When they are tight together it means all time frames between vol and price see eye to eye which isnt the easiest task. But this move is the setup for when Institutional lets retail take price to a profit target. I will post an image without the lines. But its important to see the relationship between these two things and across all the time frames where pockets of retail traders are waiting for their signals to be triggered. You can see their interest in these lines...Price will find support once it breaks free of the ribbon. At that point it is in stage 1 of the profit run.
by iCantw84it
06.13.23
PSNY break out above the Ribbon (Setting up for Mark Up phase)PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of the electric car stocks this one seems the healthiest financially and is actually delivering 100k of vehicles with goals to out do its self this year.
The indicator is the ESVO it shows where price and volume are in sync and when price breaks out above them its a sign that its hit accumulation and preparing for a mark up phase. The push back down into the ribbon is the last step before it takes off... This should bounce off the ribbon when it comes down and continue to make for new highs until it runs out of steam. This could be days , weeks , months, or even years..... depending on what time frame its doing it in and what part of the bigger move its in. Look at ENPH when it was $50.
by iCantw84it
05.02.23
RRR setting up for a massive profit run?I have several time frames I have charted for this going over everything I see. RRR is red rock resorts in Las vegas nevada, and both my fav casino which is off strip about 15 mins and one of my fav stocks to play.
I am huge on wyckoff , demand and supply, volume tracking, price targets based off the prior, and control box master pattern targets ideologies.... I also have my ESVO lines or ribbon that also encompasses volume and price. Combining all of these things paints a picture across all time lines and when they match up its set to run!
I have used this same TA on my AAPL, ENPH (up and down), AIG, GNRC, Li, IOT, Bili, TRKA, & PSNY, option plays. I enjoy looking far out to see what the end result is going to be and then aligning all the time frames to optimize the in and out. a lot of times when you look at larger time frames you are caught in the up and down which can mess up your theta on an option play. So thats why in this trade I am aligning all the time frames. the only one left is the 15 min time frame. which I will post an update to this when I finish this post.
Do me a favor if you find any of my info intriguing pls hit the boost so others can see it.
by iCantw84it
05.17.23
GNRC a Wyckoff Reset in the making Accumulation PhaseGNRC
Stock Price:102.78
Difference: $6.50 (undervalued)
Over all Avg Price: $109
My Enterprise Value Price(enterprise value/outstanding shares): HKEX:122
True Price Value (market cap/outstanding): HKEX:104
Float Price (market cap/float): FWB:108
Market Capitalization: HKEX:6 ,470,000,000
outstanding shares: 62,030,000
float : 59,730,000
ev value: 7,550,000,000
p/e :18.98
eps : 5.41
PE ratio: 18.99815157
Weighted P/e: 2.5219906
Basically all this is saying is no matter how you look at the avg price of this stock, the current price is undervalued by min $2.00.
The Big Picture
Past
The last time GNRC moved off its low right after the same Monthly Push down to start the process. Watch the lines see them converge. You don't understand these lines because you haven't been listening to me rant. These lines are every time frames Marriage of price and vol in one line. Along with the skinnier line with no kinks as the vol avg for that time frame.... When all these lines converge into one area along with price, accompany that with a larger time frame and you have something like what a rail gun is compared to a sling shot. the first move reaches then comes back down reloads and is launched double or more. and then its off and running.
Present
at double the price look at the lines... price is just under it and the lines are in a $15 range....what's needed to get them together? another push down? Time? a pop in price? Lets look at the supply vs the demand
A closer look
I marked the areas of the candles that had the highest percentage of buying and selling since it hit this zone. There are two bounces once it gets pushed down. I am not saying this won't go down. I am saying that at this price its a good deal. Depending on if they use the earnings on May 05 as a catalyst to run this up and back down then launch or this takes off before hand and the earnings is used to drop it to regain the final part of the float and make all of these lines converge.....one way or the other it starts at this price point. Look at the institutional ownership and where they bought? The top 17 Institutions that bought into this stock all bought on Dec 31, 2022. Every single one of them increased their position by more than 500%.
I will do you one better, the top position holders of this stock, institutional, all bought or increased their shares on Dec 31, 2022. All 83 institutionals that own the most shares bought or adjusted thier shares on that date and the price range for that date was. $95.50- HKEX:103
Li Auto is about to manipulate the highs it made a year ago!I annotated this chart so hard this time and I know its annoying to look at...but you have your own clean screens to look at it... This should atleast explain what I see and help those who don't know, what to look for. I accidentally came across this chart because I was trying to type bili bili but when i saw the chart with my ESVO lines on it I was like I have to play it. So for me this is just an update to this play that I got into a week ago. Obviously it looks a lot better now that we are here. And I never once thought my bias was wrong as you can tell it didn't want to dump. Because if it did want to it would have. The price was always withing a dollar or a dollar and change to the entry. Now that it has come back to this area I broke down everything the lines are telling me plus everything I see with the amount of space that I have to work with. I could go into about 5 other kinds of trading styles and break those down but I figure I will just leave it at this. Its bullish! All the other stocks in the group are moving with it. So that tells me that big money has been fostering this group of stocks to get it to this point over the last year or less. Since the last highest high.
So that should tell you there is a pile of shorts up there that need to be covered for them to continue this move up above that. unless there is a massive surge of volume it might take a while to consolidate all of them. I will be looking for a trend line that this will be tapping into over the duration of this move. And also a trend change which shows that liquidation of shares has begone and that we should be looking for an exit.
I do think this could take another 3-6 months to complete. all of the hot areas for this stock are marked on this chart with the exception of the three just below our current price.
And Current Price of HKEX:26 this weeks highest volume area
$24 Automatic, Session, Daily, Highest High
HKEX:23 Daily. Weekly
HKEX:22 Highest Low
all great supports as they are all stacked under us.
If nothing else I think we should hit HKEX:30 however, HKEX:38 and $41.50 are also huge areas of untapped stop losses and pockets of retailers waiting.
by iCantw84it
04.17.23