Expecting more negative covid news this week pulling back XOM from it's recent rally. Will start to scale in for long term position wheeling in great dividends. Could even fall below 40 but that is unlikely imo
Based off the previous two cycles, CMG will try to test 1350 before pulling back all the way to 1200. MACD still indicates clear bearish cross over in 4hr chart. Good short or put opportunity. Stop loss 1350.
With vaccines being approved and distributed, stocks such as Zoom and Peloton will have a strong correction in the coming quarter but will have a good future ahead. Both have competitors from tech giants.
With MA 50 and 200 crossing, MCD is completing its reverse cup form. Price target 184
Setting up for a nice short or monthly put options. Wait for MACD lines to cross.
Waiting for uptrend to break making for a good put play. If it rally then well stocks only go up yolo
MA 50 and 200 on the 5 min chart are about to cross over triggering a pull back. On watch
Good pull back after testing all time highs. Wait for it to fall below 1000 for the best price or start scaling in today for long term. Sp 830.
RSI is showing a classic divergence and MACD lines have crossed over. Watch for a clear pull back before earnings rally - Jan 26
I don't like analyzing newer companies but since I put in the time thought its best to release my technical thoughts. High risk.
Boeing will fill gap setting up for a nice debit put spread.
Apple is on good momentum to being overbought soon. Debit Put Spread opportunity.
While it is at the lower end of its upward trend channel, Chegg is hovering around the 50 MA line for support. This week we will know if Chegg moves up or drops further down for more support (62). Many believe that this still has much room to grow regardless of who wins the election and are also working to improve profit margins. It has already had a great rally...
The growth projections will be adjusted for many tech companies including zoom, shopify and peloton. They will continue to downtrend for more support. Key RSI level: 40
Futures continue to sky rocket after Pfizer's news and the continue rally from less election uncertainty. TNA, a leveraged etf was up more than 20% during pre market hours. It has broken out from its previous uptrend and is now in high gear. Wait for a pull back in the next two weeks. Long.