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AAPL: What's Next May - July+I love AAPL. Many of us do. Been a while since I posted a chart reading for AAPL .. maybe since the split ? here's a quick chart reading for AAPL using the 1wk view (apologies for the crowded chart - i wanted to show all recent price channels as well as the target zones) * A new price channel is forming. that's initially a good sign. * If that channel remains valid, it may help AAPL breach the supply zone ($135 - $140) -- we can see that previous attempts to move into that zone was met by strong supply * the momentum is moving in the bull direction (UTO) - and according to v.viewer, the supply is fading. Bottom line: ============= * we're currently into a possible "buy zone" -- it seems that this is *the* dip ?? * possible upside of 10% to 15% as marked by the channel and the target zones - around 22% if we hit target #2 (Please Note: these chart readings are not trade recommendations - they are just attempts to read & analyze the chart and the indicators, and expect possible scenarios that may or may not pan out) Good luck to all.
NASDAQ:AAPL
by RedKTrader
4
MSFT: the next buy zone approachessolid earnings for MSFT - the market reacted in a neutral to slightly-negative way - possibly because MSFT was already at the top of its established price range / channel and there was no big "WOW's" in the earnings .. other than a continuation of a "strong business story" - that the market didn't find extra exciting. but that "rotation" is actually a good thing :) in my view, and much better than a "to the moon" story that drops back to earth in a damaging way. the green (inside) channel has been in place since the covid recovery back in April 2020 -- i barely changed this chart since then and the target circle has been there for a long time. the yellow (outer) channel has been in place since Aug 2015 -- here's the zoomed-out monthly view we scaled out at the highs ($255 - $257.5) right before the earnings now we can get ready to scale back in at the new buy zone (the blue rectangle) which we should hopefully see withing the next couple of weeks - or leverage these channels / levels to sell cash-secured PUTs as i mentioned in prior posts, i love MSFT because it's boring and predictable, in a good way !! good luck...
NASDAQ:MSFT
by RedKTrader
4
This pain is not over yet! Today was bloody with NASDAQ down 2.7% -- these are the days i don't want to look at the charts (or my broker account screen!) Chart Reading: -------------------- - the chart shows that this is still not the end of the down move or the short-term weakness - on the contrary, the channel has just been breached to the downside. - the projected measured move shows that there may still be an extended move of around -3% to the downside before the market stabilizes as bears in control - my daily chart shows market in short-term supply / bear territory with neutral to slightly negative sentiment. - 30 EMA has been a good support on the weekly -- we still have not breached that yet .. so mid-long term, still not bad. bottom line, no trades until this turbulence is over .. we just keep buckled up and await the reversal to the upside. i'll be happily surprised if i'm wrong :) stay safe everyone.
CME_MINI:NQ1!
by RedKTrader
6
MSFT: are we ready for the next run to $250+? MSFT bulls seem to be building momentum to capture the next range. with good news acting as catalyst ($22Bn contract announced) the winds are in their favor Quick Chart Reading: ===================== the price continues to respect the established channel we're heading towards the same target zone from previous chart reading (linked below). the initial projected move is to the $252 - $254 range .. around 4% from the closing of the week, and a 10% from the low of the currently established horizontal range. from there, the ideal scenario is that the bulls can defend and maintain the new range which may take MSFT up to the $260's the reason i love this chart is how well-behaved MSFT stock moves - predictable in a good way - no emotional crazy moves :) , and the long term price growth is relatively consistent, especially when you zoom out to the weekly / monthly views.. MSFT is like money in the bank. - here's another view of MSFT - i usually inspect both these views as i trade MSFT - if i'm holding the stock, these views give good insight of when to sell Covered Calls to generate a little more out of the invested capital. Note - i mainly use trend, momentum, sentiment and Supply/Demand for my chart analysis and trading - all indicators in these views are published here in TV, with hopefully good explanation about how to use/read/interpret them - pls comment if you believe i should post more about how i use these indicators
NASDAQ:MSFTLong
by RedKTrader
I am curious if the price falls more... I am curious if the price falls more... What will happen to Bollinger Band if the price falls more? What is this orange line? What will happen to Macd if the price falls more? Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIO
by GreenfieldAnalysis
5
LRC - Price Prediction - Recent Very Positive News!Hello Traders, LRC is another great project that hasn't shown its true colors yet. We have to remember that LRC once traded at more than $3, which leaves a lot of room to grow to previous highs. I believe it's very undervalued as of right now and there could be huge potential down the road. Some very positive news came out recently. LRC is currently being looked at as one of the top layer-2 DEFI exchanges, closing more than $590 Mil in transactions this year. "Cointelegraph wrote, traders are migrating to Loopring to escape the higher/ raising fee's currently associated with Etherums mainnet. " Though I do believe we are still in the infancy of what Loopring will be able to offer to its user and what the true value will become of its native toke, LRC. As of right now, the LRC token makes up more than 40% of holdings currently on the DEFI exchange. But once we start to see some of that love spread out between other coins, we should see an increase in LRC's price. Price Prediction: It's quite possible that the current market cap of $699,908,577 could increase to around $1.4 Bil - $1.8 Bil. Broken down: 1.3 Bil. (est. Circulating Supply) / $1.4 Bil - $1.8 Bil (est. Market Cap) = $1.07 - $1.38 (by end of 2021). This would result in a 130%+ ROI from the current price. This is a long-term approach but for the short term, we may see a small breakout to retest recent highs. Also, take a look at how close the ALT. Prep. and LRC is following each other on the hourly chart. I'm keeping an eye on both to help better understand where LRC's price is moving to next. Good luck!
COINBASE:LRCUSDLong
by MarkStPeter
6
INTC: looking for a breakout, $70 could be nextGreat chart here for INTC - bouncing off nicely from the $60 level and breaking smoothly (and with strong momentum as shown by the UTO) thru the supply/demand "balance line" at $61.5 .. we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow.. Price projection: this was a measured move of $16 from the low set in late Jan of $54 = a short term target of $70 if that move materializes let's keep watching this chart ... and see if these projections hold.
NASDAQ:INTCLong
by RedKTrader
2
TWTR: Covered Call into earnings: why & what's next?in this post, i quickly share why i love selling covered call into the earnings for stocks that i held for sometimes and i'm ready to cash out of. I sold the Feb 12 Call option with strike $65 for TWTR yesterday for $2.20 Why ? how is this a good trade? i believe selling CC into earnings is one of the lowest risk trades - it's a great weapon to add to your trade arsenal, cause we win in all scenarios .. here's the break down and the thinking behind this trade (quick notes - i'm not an options expert and i exclusively trade the 4 basic strategies -- sell/buy calls/puts -- i don't get into spreads - but there are may resources that explain covered calls in a lot more details on the web if anyone is interested) Scenario #1: TWTR closes below $65 on Friday Feb 12 if volatility (IV) is strong for the option ahead of earnings, which is usually the case for stocks like TWTR (and most other social media and tech companies), the option premium will reflect a higher extrensic value (vega) - once the earnings resuts are out, volatility drops, causing the premium to "go back to normal" price. for the sell side, that means easy profit (premium to keep). in our case here, the premium for the Feb 12 $65 call was $2.2 (IV was ~180% when i opened the position) - if volatility comes down today to ~40%, the call option maybe worth $0.5 -- and with only 3 days to expiry, even that $0.5 would eventually drop to zero at expiry (provided TWTR remains below $65) - we end up keeping both the full $2.20 premium and the stock Scenario #2: TWTR closes above $65 on Friday we will get assigned and the stock is "called" away at the strike price $65 - keeping the call premium of $2.20 since we already had a good run with TWTR (see the breakeven / BE marked on the chart) and were ready to close the position at current price level ~$60, getting $67.20 is even a better deal. Scenario #3: TWTR drops down after the earnings for any reason (was not expected) The call price will drop and we will close it for profit and still continue to hold the stock - which is not a bad thing since we originally think TWTR is on a good path in future. ** note: TWTR is hovering around the $62 in after-hours/pre-market after strong earnings. now for the price projection: the projection for the current move for TWTR is $16 from the mid-Jan base of ~ $46 which takes us to around the $62 price level (+/- couple of $$) - then the price may ease up back to the mid $50's (the nearest supply/demand "balance level") before moving up again (this is also why i thought the $65 strike with 3 days to expiry was the best choice) the UTO (lower indicator) on the daily chart is reaching 100% -- showing that this is a possible top for the price and supporting a new wave of consolidation at that level - so seems to support our projection. if our covered call gets assigned, we can then look for another opportunity (an upcoming dip) for re-entry to catch the next move. we remain bullish overall on TWTR. this is my 4th covered call trade in this earning season and it's a great way to add to our PnL for stocks that we already hold, especially those positions we were looking at closing or rotating out of. this is a basic option strategy that is easy to learn and follow, with an opportunity to repeat every earnings - as rewarding as dividends if not more :) - so i hope it works for other fellow traders here and i hope i managed to explain it well . let me know in your comments.
NYSE:TWTRLong
by RedKTrader
2
MSFT: boring in a good way - breaking out?I like MSFT and it's been a while since i posted a chart reading / projection - there was no major price actions - and i agree MSFT is becoming "boring" - especially when compared to the TSLAs and NIOs of the market - and i mean that in the good way - it's boring = a good opportunity for the investor to buy and hold, and make slow (but sure) growth while having little risk on the position. MSFT is in the top 2 stocks in my portfolio for that reason. What the charts say: i believe the price move this week has potential to break out - and my reasons are 1 - the momentum is accumulating (see the upward white arrow on the UTO) - while the price is confined in a range. that's a sign of consolidation and the price is getting ready to make a move upward 2 - we have seen the same pattern before. MSFT did almost the same back in 2018 - see how similar these 2 areas marked in the red blocks are in the monthly chart - price moves up in a well-defined channel, then spends time in a range while it consolidates and moves into strong hands, then news and earnings comes to propel a new move with relatively stronger volume 3 - when you zoom out the price chart (monthly view) - MSFT follows a well-defined channel - the center line of that channel plays an important roles and we're now below that line for an extended time Is there a Price Projection from the chart? - our next projection - if we can break out the $226 line - is to get into the $250-$260 range - the upcoming earnings (for MSFT's fiscal half results) next week may be the catalyst we're waiting for. the market should receive good news about the strong gaming console sales for the holiday season, as well as continuing business growth on the cloud and productivity - and it's possible we get a positive reaction this time (compared to the 3 prior earnings). (i am long MSFT) good luck.
NASDAQ:MSFTLong
by RedKTrader
LTCUSDT price projection on an upward trend - Daily analysis • Technical analysis regarding the price of LITECOIN in relation of dollar Tether for the next scenarios, based on daily movement. • The price movement is in a strong upward trend, making its due corrections (according to the principles of Ralph Nelson Elliot), in impulsive and corrective wave forms. Thus, I believe that the price may continue with its sharp price rise, respecting this trend line projected with the Fork (the price is returning to the bullish channel) • When projecting this expansion, I get the levels where the price can reach (green take lines) disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Long
by luizhcruz
4H analysis on EOSUSDT - Projected target (growth potential)My speculation as to the price of EOS for the next moments, based on the 4h movement. The price is approaching strength close to an important resistance region. This region has already respected 2 price touches. Cryptocurrencies have been gaining traction on a global scale in an incredible way in recent periods. Thus, I believe in the price reaching these take projections (green lines). One has to notice a formation of the Elliott waves, to which the streak 5 broke the channel, where the price was upwards. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
Long
by luizhcruz
INTC: Possible Long scenario for October This is a quick analysis for INTC for the coming period (October) - and a possible scenario that may pan out in favorable conditions The reason i'm looking at INTC is because i entered long right before the last earnings. The market had a very negative reaction to INTC's earnings announcement regarding product delay - and the stock lost almost 17% next day - so we're now left with a losing position how to repair if you trust the stock for the long term (i do for INTC), then an easy strategy to repair the position is to average down the cost then sell Out of the Money Covered Call against the shares -and basically try to break even or even capture some small profit. so i did add to the position and you can see my final avg cost price on the chart - before i sell the CC (was looking at the $56 strike for Nov), i thought to make another round of analysis of possible price projection for next few weeks. the chart looks bullish - after the earnings drop, INTC went thru 2 phases 1 - against a bearish sentiment, INTC held a price range and the sell-off started to reverse (interesting!) 2 - starting around Aug 11, a "buy pressure" started to build up with a positive reaction from the stock (price moving up to the "next range") - also both momentum and sentiment reversed to positive this view shows a possibility of an incoming breakout - which would be confirmed if INTC can break the $53 level, then re-test then moves up - my next projection would be to the $57 level The weekly chart seems to support this scenario - and if that's the case, selling the covered call would be a mistake, at least not now with a move up expected - and we should just hold the long for now and re-evaluate in couple of weeks, given how volatile the market is these days. this is just a quick view of one possible scenario - your view may differ from mine and that's totally fine, and the actual scenario that pans out may be totally different too - so let's kep an eye on this :) good luck! ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NASDAQ:INTCLong
by RedKTrader
2
Uber: another wave up comingThe previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ? V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which is also where the 30MA on a 4hr would be. the chart tells us that if UBER can successfully overcome that zone, there's a possibility of continuation up. what does the daily chart tell us? the 1D chart looks good - especially with today' action - there's bullish long term sentiment - so the winds can carry the next move forward - and the weakness in the short-term momentum is kind of declining, switching into strength conclusion: ------------- not closing the long now and will hold - will share next projection once we have a reliable formation. feel free to share thoughts if you think otherwise. ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NYSE:UBERLong
by RedKTrader
2
TSLA: recovering to split-level. Would it move up from here?today TSLA recovered from the post-split drop - hit and slightly exceeded the split price ($442.7) and that's a good sign so far. Not clear where we go from here but if we can maintain that momentum (scenario 1), it's possible TSLA's price action continues to respect the channel that's been formed since last April (see chart) even with prices now on split-adjusted basis. Extending that channel into the next few weeks can give us some indication where the price may be - the other scenario (scenario 2) to expect is a sideways move similar to what happened in May after the recovery from the COVID drop. adding a zoomed-in view for better clarity - still using the 1D i would say the retail excitement (with strong market makers' push) will continue to provide upside for the longs. so my money is on scenario 1 ... (that's mid/long term) will hold the long position for now. pls stay safe and trade wisely. IMHO, short term trading a stock like TSLA is super risky. ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NASDAQ:TSLALong
by RedKTrader
UBER: Enters target zone - with possible upsidetoday or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive. we'll hold, since we see a strong momentum that shows possible upside to cross the $40 and long term strength in the stock share your views if you have been riding this wave with me ;) and best of luck ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NYSE:UBER
by RedKTrader
UBER: update on long positionQuick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside - UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range - the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart - the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up keeping the long position open for now.
NYSE:UBERLong
by RedKTrader
2
TSLA; this is where we split?previous price projection on TSLA was spot on (check link below then use the "Load New Bars" tool). it was a bit "scary" that a projection can be *that accurate* :) what is your split price target? ----------------------------------------- i get a feel TSLA will split at the current price range (the green box) - maybe because after runs like this in the past, TSLA took time to consolidate and we see decreasing demand on the V.Viewer (there's bearish diversion with price) if we split here i will still be happy - this is not a bad place - thing is, a post-split price of $360 to $400 i s still a high price - so maybe we see some re-consolidation after the split happens in September and into October -- so our stops need to be tight or find a way to hedge long positions best of luck to all!
NASDAQ:TSLALong
by RedKTrader
PINS: Possible breakout to $40 ?on the daily, PINS looks ready to trigger a new wave into the demand mode after consolidation - we look at a possible breakout to >$40 if PINS can breach thru the upper red resistance line -- the momentum (expressed by the UTO) and supply/demand volume (v.viewer) are lining up - with a backdrop of a slightly increasing positive sentiment. would be great if this scenario pans out - there's always a possibility of turbulence. we're still long PINS. will keep holding for now.
NYSE:PINSLong
by RedKTrader