NYSE:U showed that that $25.13 is holding strong. If it stays above it will be forming the pattern. It is going to take a while (1-3 months) to complete the pattern. I believe a daily close below $25 should be your stop. NOT A FINANCIAL ADVICE. NO POSITION CURRENTLY
I am considering stepping in at $326 if it reached and observe it for an hour and look for signs of reversals. It might break and retest the demand zone. The scenario fails if it remained below 326 and closed the day below it. It was beaten down after its earnings and it is possible for a rebound. Not a financial advice. Do your DD.
I think the scenario that happened in NASDAQ:UPST Q2 23 earnings is about to repeat in NIO's Q3. Almost the exact same chart setup, the only thing though is different is that NIO is a Chinese stock, and you really cannot predict how will the market digests the results. If and only if the results are outstanding the market might still not favor it. Despite the...
Couldn't find much coverage so I initiated one. Looking at the chart, I believe NASDAQ:OSTK is starting a run up after upbeat Q2 earnings along with acquisition if NASDAQ:BBBY IP assets and the future outlook is better as stated by management. Still there is work needs to be done. NASDAQ:OSTK received a couple of upgrades after ER. On the technical side,...
I dare you find an uglier drawing but still have a high potential of achievement. This not a financial advice just trying to share my wishful thinking. ER on Tuesday be careful. Please leave a comment of your thoughts and opinions. Thanks
Lending Club beaten down since inception. The chart is almost similar to NASDAQ:UPST and recently broken a downtrend. It is forming a cup and handle, but i believe it still not confirmed. It has a book value as of Q1 23 of $11, so i believe it is trading at a discount. I am considering having a starter position and scale in after the fed meeting. looking...
I believe it filled the previous AUG 22 spike and created solid demand zone. It is currently closing just above it. In my watchlist for coming weeks and see if it reaches low of the demand zone and then evaluate/predict the next move the next move either to test the trendline line or break it down to lower. Will update later this week. please share your thoughts.
I drew another parallel channel on the daily and it seems that it hit the low if the channel, at mid 85's. I took some calls and had did not have the guts to hold over the weekend and closed my position +20%. Will look into the flow this week and see if it can take the last red candle. Not a financial advice. Please do your research. Thanks
It's an obvious risky play! and should draw BTC as well, but this is my first published drawing, and I really don't expect it to be accurate. I have made some sketching where i see a cup and handle forming. I also drew a trendline for those who are holding as long term with the parallel channel completing the trend and the exit if it breaks the channel then price...