I am going to long MSFT for these reasons ~We have officially touched the 0.786 fib retracement which is a great sign to go long again ~MSFT earnings on Tuesday. MSFT bought out Activation Blizzard, so it will be interesting to see how they announce their plans. ~ALSO A while back, Mojang merged Minecraft launchers with Microsoft. SO now all minecraft java users...
BTC ~ Interesting how everyone is panicking when it has clearly yet to break key support on the weekly and has even begun to bounce off of it ~ There is even bullish divergence on the RSI as well. ~ I am no expert but it ain't raining until it's raining. If we break that support line, that when I would be worried. As of now it seems to be a BTFD
Here is my insight on QCOM For the bounce case ~ 4 hr chart has not broken the support yet signifying we could see a bounce before going through it. ~ slight RSI bullish divergence in last 2 days signifies a small pullback could come. ~ we are on the 0.382 fib zone which is a zone to watch since pullbacks on an uptrend like that zone. ~ After going down a whopping...
The only thing to fud this up is Elon tweeting and selling his remaining 5 percent he needs to sell. In the meantime, that can happen within 2 days or 2 months. Until he needs to pay taxes So I'm just gonna ignore it for now and just play cautiously Bear case: ~IF TSLA breaks the red support line we could see a dip back to 1000 ~Note 1000 is a huge psychological...
~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one. ~we are in a wedge rn and are looking at a breakout next week ~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls ~Red zone is SL ~Green zone is take Profit max ~white zones in between will be key...
Here is what I see with RBLX ~highlighted on RSI is Bullish divergence. ~Vortex indicator is about to change momentum to green ~We have reached a crucial zone of support. If we turn around here we could end up forming a head and shoulders ~We had a higher high, meaning that we could see a trend reversal towards bullish. ~While we did see a death cross on the 1...
I'm looking to get into SAND December calls. ~Gold Is looking really good and going off of past history, end of November is a big run for gold and silver. ~SAND has a nice looking inverse Head and shoulders going on. ~SAND also bounced off of the long term support 8 Bucks is my PT, as that will have the most resistance. I will also be watching if it breaks out...
PFE has been following the highs and lows on this bullish run with last bullish run to a T. Some of my most successful plays have been from finding these patterns and trading them. On top of that, the correction on PFE pulled back to the 78 fib line which is very healthy after a big run like it had. I am still very bullish on the next month for PFE and am...
Puts on ADI ~SL above ATH (180.77) ~PT1 172.50 (could see strong support here) ~PT2 170 ~PT3 168 RSI divergence on last 2 ATH, a rejection at the resistance line in an uptrend, gap to fill on down 168-170 We saw a double bottom from this last impulsive move. a pullback to the neckline at PT1 very likely.
entered F 15.50p 11/12 @0.28 ~We bounced off a double top ~RSI divergence like the pullback in June ~We are also seeing a similar pattern back to back ✅ Phase 1: a downtrend ✅ Phase 2 an steep upside down cup ✅ Phase 3: a nice strong uptrend impulsive move. Using fib and zones I have PT at 15.50, 15.13, 14.60. We could see a pullback to 13.43 as well, but I...
AMAT is bound for a strong impulsive move ✅ Phase 1: a harsh pullback ✅ Phase 2: a period of consolidation ✅ Phase 3 : an impulsive move to the 0.61 line of the pullback move ❌ Phase 4: another consolidation perdiod: Skipped ✅ Phase 5: a drop to the 0.38 line of the fib retracement 🤩 Phase 6: Back to the top we go
The long term consolidation is fucking insane. It is wedging at a very nice form. A breakout could happen before November 15th. The SEC report stated that barely any shorts have covered...even after January's rally. (Only a few small shorts covered but not the big ones) Shorts never covered because brokers took away the buy button. Thus shorts didn't need to...
LCID: Strong downwards wedge after impulsive move signals a bull flag ~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum! ~ RSI also has a lot of room to grow. ~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this...
CLOV: Cup and handle pattern with handle breakout signifies further bull action ~ Cup and handle pattern is apparent and need no discuss ~ The VI just changed momentum to bullish ~ RSI has just reached its "bottom" (rather the noticable bottom as the RSI has not been below 52 in a week.) this signifies an upcoming bull action ~ The wedge that the handle was in...
SPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely. ~RSI has room to go to 430, so it is not out of the question of possibility ~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet? ~Using Elliot Wave theory's 5 part wave we...
AMD: Using fib retracement, after an impulsive move a pullback to the 0.5, 0.618, or 0.786 is very likely and healthy in an uptrend. ~ Golden cross happened on the 11th signaling the start of another uptrend. ~ on the 11th AMD did a similar but smaller sized impulse with a pullback to the 0.786. This helps visualize the theory of fib ~ RSI on the hourly has a lot...
SPY: Long for the next 3 weeks After some charting fun I made a few observations ~During the past dividends, there has been a big pullback which coincided with the previous 5% drop and this 6% drop. This could be a bearish indicator for future SPY contracts to keep in mind. Dividends = puts ~The previous resistance became the long term support ever since April....
IRNT: depending on where IRNT goes in the pre-market can determine which price action This bearish looking wedge we have formed is on top of a critical support zone. ~If 35 breaks, we can see a dip all the way to 22. Why? ~There is a gap to fill on the down. ranges 21.30-24.50. All previous gaps have fill on the down except this one. ~If IRNT does...