HandsomeSloth

HandsomeSloth

Could we go to the moon from here? Absolutely. However, on the monthly chart we are bouncing off of what has historically been a long-term resistance level, ORANGE (with few exceptions--any trip above is short-lived). I'm not sure we're heading back to YELLOW unless something extreme happens, but this PURPLE line is looking great as the 'near-term' support level...

HandsomeSloth

SPOT has historically traded very technically. It'll break support/resistance, re-test, then continue on it's way for a while. After our latest straight-line bull run we've effectively re-tested support, and are now hitting a new long-term resistance line. If this trend continues, we'll dip down to around $135 to the next support level.

HandsomeSloth

If you missed the latest bull run... SHOP just retested the latest weekly bear flag and is bouncing off of it SHOP is validating a new resistance trendline --> This all may put SHOP in the $40s through Q1 2024. That's my going to be my level to buy.

HandsomeSloth

A historical look at each time Fed rates have gone up and down over the last 25 years. Conventional education teaches us that as rates go up, stock (prices) go down.... but looking at the last 25 years, it seems like stocks go down when rates go down. Am I missing something? Assuming that rates will go down, this trend could mean stocks go down (possibly to...

HandsomeSloth

This could be the time PLUG turns around PLUG is nearing some long-term support -- assuming the trendline holds, it's a good entry point. Worst case, be sure to use stop losses!

HandsomeSloth Updated 

Since early 2021 we've followed a downward channel and had 3 symmetrically timed peaks. I'm proposing we may hit a 4th high of ~$24/share around May 2023. Each rally has been >100-200% Each crash has been ~60% Each crash has been followed by a rally before hitting lower lows 2 possible entry points: $12.50-14.00/share (near prior lows - this would also...

HandsomeSloth Updated 

Long-term channel on a log chart. Revenues and profits incredibly stable. Nothing not to like.

HandsomeSloth Updated 

We broke beneath the long-term support line a few weeks ago (barely), and for the first time ever for the stock, our key MAs have crossed bearish on the monthly. That's 2 strikes against this one... Next key support is $30-$40 range, meaning another 50% down from here.

HandsomeSloth

Seeing some long-term trends aligning BUY POINT: Low from each prior shoulder of head and shoulders ~116 Long-term trendline support: ~105 today, but closer to ~115 by EOY SELL POINT: Prior head and shoulders neckline 136 Prior resistance around 150 CAUTION: If we break ~116, it may not be until ~90 that we find support (head of prior head and shoulders

HandsomeSloth Updated 

ST - There are lots of gaps we made on the way up. I expect those to all fill (as they have historically). LT - I don't see why ENPH won't behave like most all other names who went above LT resistance in COVID and have since come crashing down below. If you have an idea as to why - please let me know!

HandsomeSloth

Continuing down in channel likely through much of 2023. 90 is support, and I expect 2024 will be a great bull year for CRWD.

HandsomeSloth Updated 

Huge downward wedge. Plausible support around gap at ~$90/share. Next realistic support IMO is at $63.50, IPO level.

HandsomeSloth

30+ years of trendline support show a buy point around 185-195 for MSFT (assuming the long-term trend holds). This is ~15-20% below where we are at today. 185 corresponds to the pre-COVID high, though we could go lower and still stay with the 30+ year trend (though I tend to like the probabilities around where 2 key levels meet). If that long-term trendline...

HandsomeSloth

FOXF stock has been trading with very consistent and now well tested support and resistance lines. See chart for details.

HandsomeSloth

Downward trend with the rest of big tech and cloud software. We broke the falling wedge / channel bearish (slightly) to reach support at the pre-covid high. If this ~$100 level becomes support bullish If we break the ~$100 level, there are several places I see buying opportunities below: (a) We may keep falling another 10-20% to the $80s, where CRWD had a gap up...

HandsomeSloth

Upwork is in a long-term (for the stock) falling wedge (on log scale) since its triple top. It's shown relative weakness vs the market and still has more room for the downside for much of 2023.

HandsomeSloth

Are we finally seeing the bottom for ASTR? (a triple bottom) These guys can't seem to get anything working right - multiple failed launch attempts - continuous delays - deviation from original mission (smallest launch vehicle and smallest $ to orbit) But, are the technical showing us potential upside? Possible trade: Buy $0.50 Stop Loss $0.48...

HandsomeSloth

Vertical lines on the chart show the general areas of peaks and troughs. What we can see: 1) There is +/- a few weeks or months on each 2) The size of each cyclical collapse varies greatly 3) We missed a "large" crash in 2015-2016 (perhaps COVID made up for this?) 4) Since the 2008 crash, we've stayed in a parallel channel, then burst above it with COVID...