Essendy

Essendy

Monthly has gone green to red with a potential RSI divergence forming. Still a week to reverse this, but last week formed a bearish engulfing candle on the weekly chart, so I'm not anticipating that. Will be keeping an eye on this one.

Essendy

Another rejection of the trendline and VWAP from ATH. Currently sitting on YTD VWAP. Another $31 test seems likely imo which would break the 200 sma. Can only bounce off that area so many times before it breaks through.

Essendy

I've had puts in this name for a couple weeks now anticipating the VWAP from May 2022 earnings to be broken (purple line). Finally starting to see that now. Took some profit yesterday but ultimately looking for that gap around $14-15 to get filled or at least touch inside the gap.

Essendy

That... probably isn't good. Looks like this week will close below the decade plus uptrend line. Unless we get a quick reversal back above, I think the first downside target is the green monthly demand zone.

Essendy

This thing just looks horrible. Hopefully people are still diamond handing this as it will make the unavoidable collapse that much greater. I have puts into 2024, looking for sub $5s.

Essendy

Weekly is teetering on closing in oversold territory again, which is NOT bullish. Last time RSI closed below 30 (blue arrows), price declined the next 5 weeks in a row (aka interest rates rose 5 weeks in a row). Still a few hours left in the week but I won't be holding my breath for a meaningful reversal before the close.

Essendy

Tagged the July low aka head & shoulders neckline perfectly & reversed today. Is it that easy? I've got the pink line below as the target if it plays out.

Essendy

Looking for the whole previous month's candle to be retraced this month into next. Tried shorting this one a couple times earlier this month but failed. Clipping the previous month's high was the short trigger but I missed it & got in today. Looking for sub $200 this month or next. Bearish rsi divergence on the monthly suggests prices could drop even lower for longer.

Essendy

Longer term, this feels like a massive failed breakout. I don't know where the bottom is, but I don't think it's here.

Essendy

This RSI divergence could be a problem for AAPL over the next 1-2 years imo.

Essendy

Tapped monthly supply zone today. Pretty bullish price action all year but we'll see if it's enough to push through supply.

Essendy

At this level I have 4 hr supply, 200 sma, weekly supply.

Essendy

Like regional banks short here for a trade. Stop above the 50 sma. Looking for a breakdown below AVWAP from the high volume breakdown in March. This level is also volume POC for the consolidation since March so I'll look to exit quickly if it doesn't break down how I think it should. Looking for $39s.

Essendy Updated 

Could get going if it can break about this $80 level. Stop below yesterday low.

Essendy

Tagging a couple of key Fib extensions today imo. 1.618 extension from the 2022 correction and 11.09 extension from the 2018 correction. After the run up it has had all year, I wouldn't be surprised if this ends up being a level for this name to take a breather at minimum.

Essendy

Big level for TSLA here imo. Hanging right under the neckline from the head & shoulders in 21/22. Purple line is AVWAP from all time highs. Watching for now.

Essendy

I'm not getting a lot of confidence that this blue uptrend line dating back over a decade is going to hold.

Essendy

H&S target is around $80 over the next few weeks to months if it plays out imo.