ChiMonTM

ChiMonTM

After getting pressured at 200 DMA on the 1H chart, Tesla rejected 2 times but closed above the 200 DMA line the first time in 2024 but that lasted only 3 hours. Friday came and went back down, more importantly, it broke below the trendline that gave support during the last 2 weeks. Now that support is broken and failed to form a higher high, it's logical to...

ChiMonTM Updated 

1H chart Tesla is getting pressured by 200DMA, plus there’s a gap above us. To continue move forward we might need a new higher high to find a support and get confidence for uptrend.

ChiMonTM

1H chart update: - Since the Oct 30 low, Tesla has formed a new uptrend. Continuously moving up and forming new higher high and higher low. - Currently Tesla trading range between $245 - $231. Sooner or later, the stock will move higher or lower, for me we are breaking above. - As of right now stock is facing a major resistance line which formed in...

ChiMonTM

I have 4 reasons we I am taking a short position on META: - The timeframe I am using is Weekly, so the first indicator is the Moving Average of 200 days. As you can see on a chart we are trading right at 200 days MA line, we had our FED meeting, CPI numbers, and Earnings Report. There is really nothing left to move the stock up at this point. All the major...

ChiMonTM

DraftKings is trading at the $21.20 - .30 level! This is the resistance zone that held the stock since March 2022. In order to break through this line, we will need much more movement much more optimistic economic news! Which I don't really see at this point. Reasons to short: - Currently, at the resistance zone, every time it touches this line moves down hard....

ChiMonTM

We had a fantastic earning report this week, but we must remember that not only LULU but every other stock moved higher this week. It was not only because of LULU's earnings whole market is moving higher and closed March with a big statement. Now that we trading above 200 MA and 77 levels at RSI, LULU has to and needs to move down to find new higher low support...

ChiMonTM Updated 

If you wanted to take a long or short position in Netflix stock you are in a perfect place right now. As you can see on the chart above there are 2 very good trendlines that hold Netflix stock for a couple of months. Now that we are trading at below support line it is important to point out that we could go either way from this range! Up big and down big. I am...

ChiMonTM Updated 

if you wanted to buy Domino's now is the TIME! Currently trading at 52-week's low, extremely oversold on RSI (28), every time it goes oversold stock goes up around $20 up, and if overbought reverse! Finally showing us signs of recovery, usually when the market is going to but the stock moves up means there will be big upside potential, especially when the market...

ChiMonTM

After a brutal February Netflix is currently trading at trendline support. - No significant economic event until March 14 CPI inflation. - Sitting at trendline support which held the stock for over 3 months. - Many analysts believe March will be a dip buying opportunity, therefore we could see another rally in Netflix. The first level to pay attention to is $330.

ChiMonTM

Trendline and 200 MA are the key factors for SPY to continue to move up! - It will be hard to push down when the trendline is supporting SPY. - 200 Moving Average (blue line) currently giving SPY support.

ChiMonTM

OVERSOLD and previous support level are at $139-138. Buy and sell when it gets close to 200 MA (blue line) close to the $150-155 range.

ChiMonTM

No need to overcomplicate the chart for DKNG. Obviously had a great run but now it is at an overbought level, and as you can see on the chart, every time it goes above RSI overbought level it goes down every single time! Reasons to short: 1. Overbought needs to go down and find a support 2. Currently trading at resistance line (red) as long as there is no...

ChiMonTM

Now that Netflix touched the trendline we should expect the stock to gown a little bit to find support around $322.

ChiMonTM

We are in dangerous territory right now. Okay here's what's happening: 1. We just hit the 200-day moving average, so that gives us resistance at this moment. 2. We also hit the support line that has supported Amazon ever since Dec 2018, which broke down last October. Now it will act as a serious resistance level. 3. We are at an overbought RSI level on a...

ChiMonTM

We are currently in Double Bottom scenario, if it holds this level then price action move up to previous resistance zone and further if it breaks that zone new higher close is highly possible.