EliteTrader101

EliteTrader101

The longer term chart looks like this stock is going much higher based on the massive amount of buyers coming in. It is much stronger than its sector and has the Canada Pension Fund as one of its big investor. I'm sure they did their home work before plopping down $550 Million of its members money. The low volume test that we had last week meant that there were...

EliteTrader101

You can see the clear levels as prices dropped and are now rising towards the sell zone. I'm long at this bottom edge of consolidation and will exit at the red line, then reverse and short it.

EliteTrader101

Some buying has come in on the high volume pin bar, but we need new buyers to push prices higher soon or else it may break lower. I've clearly marked where all the stops are and if we can get above this weeks' high on big Volume then we may have to chance to test the the level where prices broke down at 125 or possible above if we get enough buyers on Bullish...

EliteTrader101

Nflx rallied back to an area where sellers came in, so time to correct!

EliteTrader101

Buyers came in on the volume spike at "support" , then institutions drove prices below all retail support so they could buy at lower prices. This is the nature of silver before it rallies

EliteTrader101

Gold is about to rally for the seasonal trade so it should boost the Aussie up one final level. Nugt gold miners etf has Institutional support at this liquidity level. I'm looking for a stop hunt below all this liquidity to get the rally started tonight.

EliteTrader101

Oil is still in an up trend so i see one more push down to the next level of support before reversing

EliteTrader101

golds going up to test the breakout and if no rejection, then its going up to the measured move.

EliteTrader101

Some sellers have come into the market and if prices can push higher to stop these sellers out, i will be interested in looking for a short.

EliteTrader101

This stock is stronger than its whole sector including gold. Gold is in a down trend while this gold mine is in an uptrend. Look at all that massive volume coming in this quarter, it may go to new highs this year on this massive volume. We just had a very low volume test back into the high volume bar and there is no more supply and is ready to explode tomorrow....

EliteTrader101

Big players took profits at the top and have shorted. You can see the levels are dropping to the measured move at the bottom where resting orders are sitting just below the lows where a lot of stops will be building. On Jan 20, some big players took profit on their longs and then they shorted on the breakout knowing that retail traders will be buying on the breakout.

EliteTrader101

After that big run, big players cashed in at the top and will want to buy at low prices. I know that there will be resting orders down at 160 level because that was the start of the up move where a fundamental driver was announced. Markets have memories. A double bottom will likely be formed where all the retail traders will buy, maybe off the 200ema, then...

EliteTrader101

Based on the fundamentals and the technicals, i think this stock will make new highs. The Canada pension fund was willing to buy on these highs so they are expecting much higher prices to come. The Quarterly chart looks even more bullish with the huge volume coming in. The gold seasonal run is supposed to happen soon, but even without gold rising this stock is...

EliteTrader101

It looks like its going to fall because of the high volume spike on AAPL

EliteTrader101

We are in an area where most retail longs have been stopped out on the high volume spikes with Up bars to confirm some buying.

EliteTrader101

Waiting for the H&S to go long at the green line, low risk/high reward.

EliteTrader101

I'm waiting for prices to drop back down to the fundamental news release level, then wait for a base of buyers to build before buying at the bottom.

EliteTrader101

It needs to drop to test the lows, building a base then taking out the stops of the buyers before going up, based on Wykoff.