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Priceprojection

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
AAPL: what happens next?Sharing an updated chart and will start with the conclusion first - i'm long AAPL and will add to the position before the split - in an attempt to capitalize on what i consider to be a rare investment opportunity that happens maybe once every few years. - AAPL has delivered awesome earnings for the June quarter, in spite of the COVID situation and the store closings, expected low device sales, ..etc -- not only that, but the numbers exceeded expectations, sometimes by a big % (like the case with iPad sales) across all business divisions - the stock delivered around 76% growth in 4 months (April, May, June, July). an average of 19% per month -- some can claim that it was a case of a strong stock recovering from a big dip - however, this growth can be expected to benefit from the excitement around the upcoming split. - to put this in more perspective, -- the excitement: on friday - the day after the earnings, in the last 90 mins before market close, the stock jumped from 412 to 425 - there was 10m stocks traded in the last 30mins only, that's $4B worth of trades - - the split effect: the previous 7-to-1 split in 2014 generated a growth of ~30% within 6 month surrounding the split. the reason i say surrounding, is because in reality, the stock starts to move up as soon as the split announcement is made - check the chart here - AAPL has more exciting stuff coming with the expansion in the services business, wearables and all the big 5G motion-- there's more to contribute to the business growth for couple more years at the least. - IMHO, the best way to trade AAPL is to buy and hold -- buy now and hold till after the split -- and not miss that opportunity -- and i recommend to avoid *any shorts* of such a growth stock. good luck and stay safe! Please do your research before taking any recommendations for your trades.
NASDAQ:AAPLLong
by RedKTrader
TWTR: up to $40 or Sideways?interesting pattern is shaping up on TWTR daily chart -- this is the 7th "saw tooth" since the lows in March - and keeping within an almost perfect channel. - TWTR already facing headwinds - for a bull scenario to unfold (hit $40 in wk1 July), TWTR has to breach 2 important resistance levels and make the same move as before - but there's also an important confluence / decision area ahead - marked by the yellow circle. - in today trading (Wednesday) TWTR was clearly undecided on a direction while other tech stocks performed relatively bullish . - - the other possible scenario is that the headwinds prove to be too strong and TWTR goes into sideways - get some consolidation and gather momentum before moving up - maybe until the next quarterly earnings . the next 2 trading days will possibly provide clues or confirmation on which scenario to unfold.
NYSE:TWTRLong
by RedKTrader
UBER: Next on the watch listThis is a promising chart so i'll move UBER to the top of the watch list - we like stocks that are coming back from a sell into buy mode - we see this in UBER on both the daily and the weekly charts also UBER has not fully recovered to the pre-COVID levels like other stocks - leaving a good upside of ~18% (target #1) to ~28% (target #2) i like a quick dip back to the $32.5 for entry (with the hook that seems to be forming) from the very "basic fundamentals" standpoint, UBER is a major disruptor - and the business hasn't even started to reap some of the potential it deserves .. it may be the next big mover -- let's keep watching it closely.
NYSE:UBERLong
by RedKTrader
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89. next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views) let's keep watching. Projected target of $98 by Wk4 July still holds so far. thoughts?
NASDAQ:QCOMLong
by RedKTrader
1
MSFT: favorable winds & next projected targetMSFT saw a smooth and easy push thru the resistance range after the market weakness last week - and with reasonable demand. we can expect "favorable winds" to continue in the short term, and new ATH's !! My estimate for the current move is $14.5 from the reversal level @ ~ $195. so our next target is somewhere around the $209.5 level - remember, no one can tell the future :) this is the earnings month where MSFT reports not only the quarter (fiscal Q4) but also the full fiscal year results - so caution is critical especially if trading options around the earnings. the safest play (IMHO) is to just buy and hold MSFT for the long term. if we time our entry well then hopefully the results will be rewarding.
NASDAQ:MSFTLong
by RedKTrader
MSFT: breakout to $190 ? 3rd time is a charmhere's a quick analysis of 5 trading weeks of MSFT using the 4h resolution - using our VViewer to inspect the estimated supply & demand 1. last Friday, MSFT made the 3rd attempt to break above the $187-$188 resistance and go into a new ATH 2. according to the chart, this was the first time it did this with determination (increasing demand) - the past 2 attempts had diminishing demand as VViewer shows so what to expect? if the sentiment doesn't change over the weekend for some reason (news?), we may expect a breakout above $188 and MSFT to establish a new range around the $190. will come back and update price levels and projection if that happens Let's watch how this move unfolds on Monday - stay safe and good luck !
NASDAQ:MSFTLong
by RedKTrader
can INTC get to $68 in mid-July?the chart shows a possible scenario if INTC can maintain the gains it made this week, getting into a new range - big part of that depends on what happen at the open next Monday - so far we see this move above the $63.5 has some demand & positive sentiment behind it, which sends an optimistic signal that it may hold to that new range. the problem with INTC is it's too heavy to move and the stock is not seen as "exciting" any more.. but that's not totally bad for value investors who are in for the long game. the $68 mark represents a 7% to 8% from the lows of this new range - let's keep in mind, the $68 is the pre-COVID range and the prior ATH, which most other tech stocks are already coming back to.
NASDAQ:INTCLong
by RedKTrader
AAPL: still calling it a trap for the longsI know i'm going against my own technical indicators which are showing a move up with some bullishness (though very light) - but my rational is, look at the bars marked 0, 1 and 2, they are fake "buy" bars when they are in reality selling bars. My other reason is, the price movement looks like an old snail going up a slope - it can barely hold it - and the MAs are not "gaining" .. we saw the exact same pattern before at the $330 level. so i still support my previous post, that this is a trap for the longs - and we can expect a move down, and it will be a swift move - maybe to the $255 level -- this is not a proper projection thought, cause we still don't have enough data to calculate a good projection until the actual move down starts.
NASDAQ:AAPL
by RedKTrader
AAPL: April 2 Target Projection (short term)AAPL made a short term reversal at the $260 levels which enables a new calculation of target for the next move down. the move down is expected to be a short one - with local target at the $233 to $237 range (mid-point $235) then it's not clear where we'll go from there. Let's watch as this is expected to happen today / tomorrow... Note: the price projection method here relies on volatility and price structure - but it is much less effective in times of inconsistency like the one we're in now - that's why while it can produce good projections (~70% accuracy) short term, it is not able to do long term projections until the market stabilizes. Note 2: not sure if anyone is watching these projections, but if you are, you can help me validate the accuracy of these projections. i think so far we've been getting a "hit rate" of 7 or 8 out of 10 with our projections across the various symbols i posted since I started. comments?
NASDAQ:AAPL
by RedKTrader
GOLD update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bullish The anticipated upcoming trade range is between 1467.74 - 1525.82 If GOLD is capable of maintaining the current strength as of today, there is a projected weekly target price of 1491.52 The prices are moving with the Trending Moving Average at a standard pace with a moderate market The RSI that monitors bullish strength has a current weekly reading of: Bullish The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bullish Price Consolidation has formed between: 1480 - 1557.1 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 1481.85 - 1511.71 If GOLD is capable of maintaining the current strength as of today, there is a projected daily target price of 1481.14 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 1472.41 - 1555.33 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:GOLD
by priceprophet
WTI update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 52.93 - 59.21 If WTI is capable of maintaining the current strength as of today, there is a projected weekly target price of 64.20 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 50.55 - 63.33 Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 54.57 - 57.57 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 54.87 - 63.33 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:USOIL
by priceprophet
RUT update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 1485.51 - 1555.43 If RUT is capable of maintaining the current strength as of today, there is a projected weekly target price of 1653.52 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bull The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 1506.77 - 1590.5 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 1506.64 - 1534.32 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUT
by priceprophet
1
IXIC update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 7763.37 - 8115.83 If IXIC is capable of maintaining the current strength as of today, there is a projected weekly target price of 7725.09 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Bullish The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 7662.9 - 8325.3 Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 7881.29 - 7997.91 If IXIC is capable of maintaining the current strength as of today, there is a projected daily target price of 7890.95 The prices are moving with the Trending Moving Average at a standard pace with a moderate market The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 7890.3 - 8158.8 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:IXIC
by priceprophet
SPX update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bullish The anticipated upcoming trade range is between 2907.92 - 3015.68 If SPX is capable of maintaining the current strength as of today, there is a projected weekly target price of 3086.99 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Bullish The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bullish Price Consolidation has formed between: 2822.1 - 3025.6 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 2945.43 - 2978.17 If SPX is capable of maintaining the current strength as of today, there is a projected daily target price of 2945.28 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 2945.5 - 3022 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
SP:SPX
by priceprophet
1
DJI update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bullish The anticipated upcoming trade range is between 26467.30 - 27301.79 If DJI is capable of maintaining the current strength as of today, there is a projected weekly target price of 28040.51 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Bullish The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bullish Price Consolidation has formed between: 25339.6 - 27306.7 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 26716.45 - 26961.95 If DJI is capable of maintaining the current strength as of today, there is a projected daily target price of 26721.59 (Reached) Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 26705 - 27272.2 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
DJ:DJI
by priceprophet
1
GOLD update for 24 September 2019Daily Data Summary Suggests: Current Daily Trend is Bull The anticipated upcoming trade range is between 1517.16 - 1546.85 The prices are moving with the Trending Moving Average at a standard pace with a moderate market The RSI that monitors bullish strength has a current daily reading of: Bullish The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bullish Price Consolidation has formed between: 1472.41 - 1555.33 The price relationship to the moving averages currently suggest Long positions. Current chart score suggests a Bullish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:GOLDLong
by priceprophet
WTI update for 24 September 2019Daily Data Summary Suggests: Current Daily Trend is Bear The anticipated upcoming trade range is between 55.19 - 58.20 If WTI is capable of maintaining the current strength as of today, there is a projected daily target price of 55.75 Price movement has slowed below the average trade range and are suggesting either a stall for averages to catch the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 54.87 - 63.33 The price relationship to the moving averages currently suggest Short positions. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:USOILShort
by priceprophet
RUT update for 24 September 2019Daily Data Summary Suggests: Current Daily Trend is Bull The anticipated upcoming trade range is between 1519.45896 - 1547.72104 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of Price movement has slowed below the average trade range and are suggesting either a stall for averages to catch the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low The price relationship to the moving averages currently suggest closing longs and protecting profit. Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet