Hey all The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come. I would like to see the name retest a double bottom around 20$ before taking a long position. Any thoughts? Good luck to all! (*This is not financial advice, for sake of discussion and...
Hey all, GRMN Weekly and Daily charts looking extremely healthy for long term accumulation. No reason not to buy any kind of dip in this name and watch it grow. Still relatively fairly valued in my opinion. Any thoughts? (*This is not financial advice, for sake of discussion and illustrative purposes only*)
SE has been on an absolute tear over the past year or so, trading in quite a tight uptrend channel as shown in the chart. I would be inclined to add whenever it trades in the bottom on the channel, as it has always found good support and bounced off the channel lows. Not much to say on the company, Sea has really been killing it in the South East Asian market...
ACN has been giving us text book price action recently. Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March. It has since been forming a perfect bull flag. If the stock can catch momentum again, I see upside to the 285$...
On the weekly chart, Nel Asa has tested the long term dynamic support again after a sharp 35% pullback. For now the uptrend has held, and the slight hidden bullish divergence to the RSI gives me a bit more confidence in the trend. Targeting a pump back up to ATHs throughout the year Good long term play. Would love to hear your thoughts! (*This is not financial...
Hey guys, if we zoom out to the weekly timeframe, MGNI is showing us real strength around the 40.50$ mark, which coincides at the moment with the 20 week moving average. If the following criteria are met through to the end of the week, I see this as a great zone for accumulation. - Weekly candle has to close above 40.50$ - I would like to see the RSI diverge...
Hi all, after enjoying a really strong rally from mid 2020, breaking through a couple wedges (marked on the chart), BIDU has been suffering some strong selling / profit taking over the past couple weeks. On the daily chart, we see a long and steep Flag forming. Bearish MA crossover and current negative news cycle could depress price further in the coming days....
Hi all, ACN has done well out of it's ER from last week - growth numbers were solid and constant, and in general management has never really disappointed in its Strategy and Execution. On the 1D chart, we can see an ascending triangle forming since the end of October 2020. This pattern usually skews to the Bullish side. However, the double top @270$ gives us a...
Lots of discussion surrounding SE, especially with regards to the incredible RSI levels it has read over the past 6 months. I for one don't think I have seen many charts with a similar RSI as this. However, I really love the underlying company and am Long the stock - I will continue Long until a candlestick pops up telling me otherwise. So far so good, no...
Hi all, APHA seems to be testing a breakout of a classic bull flag formation on the 4h chart. Upside could be significant, I see this retesting $24 in the coming weeks if the positive Cannabis legislation keeps coming. Any thoughts? (*This is not financial advice, for sake of discussion and illustrative purposes only*)
Hi all, so PLUG looks like it is currently in wave A of an ABC correction after a blowout top. The overall market is definitely helping with the downside. I'm sure these next few days will flush out a lot of froth in these names. - Price action broke down below what seemed a potentially bullish rising wedge, which had been forming for almost a month, signifying...
Very clean chart today, MSFT appears to be respecting the classic Bullish Pennant breakout set-up we've seen since September 2020. Last week's retest of $224 coincided quite perfectly with the previous downtrend resistance range. With RSI trending upwards and demonstrating bullish divergence to price action, I presume we will be seeing positive movement back to...
Hi all, my previous chart on Vestas Wind Systems didn't quite go to plan. The stock price has just been ladderring down since it's 8th of January ATHs @1605 DKK, and I've gladly been picking up more shares on the cyclical troughs. Now VWS is really looking for a turnaround. Some positives: - We are finally sitting at a very strong support range @~1160 DKK,...
Nel Asa is sporting a strong Bullish Pennant on a recent consolidation range. Green energy is on a tear and I actually prefer European adoption of the technology compared to U.S. If we see a continuation of the uptrend through tomorrow and hopefully a bullish cross of the 20MA above the 50MA, we can expect a pop above ATHs and a trend-based Fib Extension target of...
If I have learnt anything about DDOG over the past year or so, it's that it likes Ascending Triangle set-ups and big breakouts. I know past performance is not an indicator of future prices but consider the following: - DDOG has reacted consistently positively to past ERs - upcoming ER should be no different, and can help us break out of the current Ascending...
Visa has been forming a rising wedge since it's pre-March Highs, forming Higher lows over the past few months. Now, I am really unsure how to interpret this one coming into ER on the 27th Jan. I am slightly inclined to think Covid may have been the beginning of the end of Visa as we know it. My bear case on any negative news would see this trading back down to...
Vestas Wind Systems (VWS) has been a top performer in my long-term portfolio. I have noticed that the stock trades sharply negative when it reaches overbought levels (RSI basis), dropping for a few days thereafter until the RSI recharges / normalizes for the next leg up. In the previous instances this has occurred, the stock took about 20 - 30 days to recover...
MTLS is giving us mixed signals that are proving hard to trade with. In the longer time frame and on the 4h chart, we can see an evident Regular Bearish divergence. This may explain why MTLS struggled to make ATHs last week despite an outstanding run over the past month or so. However, the daily chart doesn't confirm this bearish divergence, and the continual...