Liathetrader

Liathetrader

AMD is in a heavy downtrend. It won't get there in a straight line, but I can see $74 as a super strong support and if we break through 64/65 is another strong support and a gap that could be filled. Trade with caution.

Liathetrader

So far BABA is respecting the diagonal trendline and we've expected this retest. The short and midterm MA's are still in uptrend. BABA is approaching 200 MA, which will be crucial to break and continue higher. We'll most likely retest around there again. Fingers crossed. LT investors deserve some relief in this stock.

Liathetrader

NVDA needs to close above the support around $155. If not, we might see lower prices as it's in an ugly downtrend.

Liathetrader

1.1M call with strike 55 got in a couple of days ago. US government is going to purchase more covid vaccines and PFE increased the price on those vaccines 27%. Dividends are 3.14%. I will take it in this market environment.

Liathetrader

$XOM seems to be creating head and shoulders pattern. Imo the move for energies has been done, at least for a while. The previous support now acts like a resistance, and it failed to hold above 91.20 yesterday. I would be careful as it might be a change of trend and also could be wave 3 out of 5 on the way down. Still LT trend is bullish. We shall see if the 100MA...

Liathetrader

YUMC - some China related names truly look delicious. YUMC is an American Chinese Fortune 500 fast-food restaurant company based in Plano, Texas, operating in China. Lockdowns are soon over. China just decreased quarantine requirements from 14 to 7 days. This stock is sitting on 200MA. Ready to fly?

Liathetrader

Another stock that seems to have bottomed. 10, 20, 50 MA curled up, it's a lot above 100 MA and I wouldn't be surprised if we retest around $192 and the 100 MA before we grind higher. Also, the 200MA is pretty far away so we might be moving in this range for a bit but overall, the trend looks better than other tech names.

Liathetrader

BABA 10,20,50 MA curled up. It's holding nicely above 100MA and now has the last test to withhold - 200MA. Chinese stocks will probably lead the way in 2022. They bottomed a while ago.

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50 MA which acted as a previous strong support might now become a resistance. I'd be careful with energy stocks in the near term.

Liathetrader

AAPL - the last fallen star. People are selling their safest investments at the end. Down almost 5% on a day. Potentially will touch the 100 MA on weekly around $137.

Liathetrader

Got some RTX. Sitting at the 200 MA and RSI is low, stock is oversold. Stop loss a bit below the MA. Cold be a nice swing.

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I'm not saying the trend has changed, we're still in a downtrend and bear market on QQQ but the 150SMA is a strong support that we have bounced off this morning. Let's see how far we can go, I hope for a nice relief rally at least to the 50 SMA around $330.

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Another favorite healthcare technology stock of mine. Back to April 2020 levels. Massive 7th month of downtrend. Earnings coming soon. If this doesn't turn its course it's bad and I can see it going to 140-118.

Liathetrader

We are lower on AMZN than we were pre-covid. Filling the gap below could make sense at this point. 7th straight week of selling pressure.

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Moving the lines for buying more bitcoin. Will be patient. Crypo as a highly speculative asset is now closely linked to the high growth/growth stocks, tech index and in the case of selloff I see crypto selling off more too.

Liathetrader

AMZN looked great in pre-market but this is a clear idea of a fake breakout, aka fakeout.

Liathetrader

UBER ran lovely in the past 2 weeks. Wouldn't be surprised if we retest to the W neckline and around 0.5 fib and then go higher.

Liathetrader

SHOP closed above 5, 10 and 21EMA. Lovely chart. Maybe we see some continuation before EOY. I love this company and besides trading I own shares for LT.