Friday was the day that decided if Crude Oil either breaks out from its descending trending line or keeps going down. It did break out but then crashed right back down inside the bear flag, extremely bearish these next weeks will see a lot of pain for commodities. If core inflation goes up in September and brings recession fears then Oil can fall faster and harder...
Possibility for a triple top. There is no reason for Oil to crash just yet. With Oil in heavy demand and in low supply there should still be another leg up for crude. Especially with China re-opening from their strict lock down to enjoy the last bit of their summer season. However, keep in mind that the energy sector is not immune to stock market conditions...
TA looks bearish sell off might happen later this month.
History is repeating itself like it did in 2014. We are guaranteed of $105 price action because of Biden embargo on Russian oil like in 2014, but now my question is, do we supersede this $105 all time high because of running inflation and War/Embargo? The trifecta can potentially can push AMERICAN oil companies to new ATH's making 2014 not look as bad as it once was.
These are pervious patterns I have caught from $NANO that are starting to follow through as of now. However, I am having deep concerns on this coin because of its pump and dump on October 29th from $5 to $7. It has been dumped since that ATH and has no price action and is still sitting at the low $5 mark. $NANO needs to play catch in these next 2 weeks or else it...
We are quickly approaching to .50 cent so halfway goal to $1 from ATH, if we retrace back to .37 that would be a strong buy you can still get a 2.5X ROI if you get in at that price anything under .37 is a good deal for when we reach ATH later this month.
HnS Pattern for this years Stock market correction. Will probably be a V recovery like last year unless President Biden goes Nuclear with spending then Economy could go into early stages of Hyperinflation.
New trade for $TSLA I'm actually in and can see possible huge returns in for the coming weeks, Early new year.
2 days ago Warren Buffet sold half his stake on Barrick Gold which means this stock will drop hard. My stop loss order is shown in the charts. Its last support is $24.40 we touched that so that means more downfall. Tomorrow will probably be a false breakout for it and then it will drop past its last support($24.40). All hope is not lost thought. GOLD should be a...
If we reach my strike lines then its a smooth sailing to $40. Gold is already past $2000 so by default silver will simply follow, mind you Silver has a lot to catching up to do. It will probably Jump from $30 all the way to high $40s at the end of the year.
My thoughts on what will happen to AMZN in 2-3 months. Propaganda has saved the equities from its crash. Once people see through it or the media/government run out of content to prop up the artificial market we will start seeing a steep rapid decline. Options spreads seem optimal for the time being. But by February I will be fully committed into put options for...
3 Major support lines for this stock,175,165,155. God Forbid we lose support at 165 we will be looking at 155 price point but right now looks like BABA is holding for dear life at 175. We will most likely hit 165 if we do lose support at 175 and if the 165 support starts to give out we can possibly look at newer lows of 155 IF this trade war doesn't end by...
Seems like Neo is headed for a downward turn after it sparks up to its high of yesterday's price $56. I have marked up its 3 key line prices for Neo to watch for. The most important price is its heavy support at the $50 price point I'm almost certain we will be touch this supporting line within this week and it will be something I will be paying close attention...
The classic double bottom. Looks like a bounce once we hit that bottom. Hopefully its smooth sailing after for sure but nonetheless a decent buying opportunity where I placed my box @6.5K-6k.
Just made this chart for the sake of curiosity seeing if pattern follows.