$AMD | WEEKLY WATCHLIST 11/1Looking like a potential local top may be in here with a pretty convincing reversal daily candle. Expecting quite a bit of choppiness for the next few weeks/month to retrace and build a base for a fifth wave higher towards my $138 target. Patience will be key on this to wait for the right setup to present itself. Worth keeping on your radar if the retracement happens quicker than anticipated.
Stonkssociety
$AAPL | WEEKLY WATCHLIST 11/1After reporting their earnings last week, Apple fell to the $147-147 level and currently trading within that range. I still believe we will see a continued corrective wave to complete either a wave 4 or wave 2. (Hence why the recent peak/following potential low have two number labels) It is currently unclear which is the correct label, however the outcome is still the same. Expecting Apple to come down to the $142-145 range for an optimal buying opportunity to take a long swing. Sitting on the sidelines until then.
$PINS | WEEKLY WATCHLIST 10/25After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. $PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits.
I believe that was only the beginning of the big picture, and we put in a solid wave 1 last week. Looking to start averaging into a swing position in my buy zone around $52.61-56. From there, we should see an impulsive wave 3 up to fill the rest of the daily gap taking us to $70+. Really love this setup, but remember to wait for confirmation and average into your swing position to help mitigate some risk!
$NFLX | WEEKLY WATCHLIST 10/25If markets show signs of weakness at any point in the near future, I believe Netflix will be one of the most prime short setup out there. Many signs pointing to downside here for the stock.
- Recent run-up due to overall hype and the massive success of Squid Games (believe we need to cool off a bit)
- Concluded all Minute, Minor and Intermediate EWT counts (assuming my count is correct)
- $VIX sitting on major support and is at it's second lowest weekly close since 2/10/20 (market is susceptible to a pullback)
With that being said, I will wait for downside confirmation as well as volume before entering a short position on Netflix. I would also want the indices to be confirming on a downtrend as well as $VIX to be in an uptrend. These factors combined would get me short. All in all, I'm still bullish in the long-term as shown.
$MU | WEEKLY WATCHLIST 10/25Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock.
We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand zone between $62-65, this will be my most ideal buy zone.
At $62-65, I will start averaging into a long term bullish position on MU. I believe with time and patience, this one will pay off big time and inevitably see $100+. Much like it's counterpart $AMD did.
$ATVI | WEEKLY WATCHLIST 10/25One of my favorite swing setups this week. Activision formed a large falling wedge on this most recent pullback from all time highs. Since then, we have broken out and moved slightly higher but I don't think we're anywhere close to being done yet.
Here is my trading plan. I am interested in taking the suggested calls above $81 with volume; ideally seeing a daily close above this key level. Risk/reward is nice with a 5:1 ratio.
$AAPL | WEEKLY WATCHLIST 10/25Looking for a local top rejection here to cap off the wave 3 move. Ideally, we see a pullback and bounce into my buy zone between $139.82-149.11. I will look to start averaging into a swing position from there.
Daily close above $150 is crucial for taking Apple up on it's next leg upwards.
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!
$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.
$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.
$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.