CL possibly looking for a move higher. Confirmed +Breaker on the Daily. Looking for an entry on the lower time frame for a long run to IDPA 20 where there happens to be relative equal highs. Random....
NQ took out previous ATH. Lots of liquidity, small retracement and then another run on stops. Possible retracement lower to internal liquidity at IPDA 20 before a run higher.
ES took out previous ATH. Lots of liquidity, small retracement and then another run on stops. Possible retracement lower to internal liquidity at IPDA 20 before a run higher.
TESLA has an obvious inside day pattern and my bias is long as this pattern is typically a continuation pattern but I will react to the price action. Long Trade Setup: - Entry is a close above $265 on the daily chart (Green Line) - Stop loss is $246.45 (Green Dotted Line) - Target is $294.15 (Green Dashed Line) Short Trade Setup: - Entry is a close below $248.25...
NASDAQ:GEN has formed a double bottom on the daily chart. A break and hold above the $18.09 price on the daily time frame will be entry point for pattern confirmation. The target is $20.66 with one possible resistance in the way at $19.59. Currently the RSI is overbought.
Etsy is at the early stages of a failed breakdown and is showing bullish divergence. A close above $98.11 will confirm this and will mark a great entry. Given the low cost of option calls for next month I entered a few $120 strike for $0.15. Looking forward to this trade. Low risk, high reward.
FSLR has been consolidating since the last earnings and has formed a month and a half ascending triangle. Earnings this coming week could be a catalyst for a move higher. One interesting note, there is a gap pending fill to the upside from 2008! Not saying it will fill next week, but maybe in the next few months, a very interesting trade.
NASDAQ:AMD had a textbook failed breakout, being rejected around $100. This started a bull flag pull back and now a classic failed breakdown is forming. I entered the trade at ~89, I believe a close above $90.50 will validate a further move to the upside.
So many gaps to fill with the NOK chart that it looks like swiss cheese! The past four earnings have resulted in stock price increase after earnings, I wouldn't enter this trade until the day or day before earnings. I'm looking for price to fall back to upper falling channel that was recently broke to test as new support. At this point, the elevate stock price...
BlakeBerry Limited is showing a sloped inverse head and shoulder on the daily. Following earnings there was a high volume surge pushing the price higher, maybe selling those patents was a great idea after all... Anyway, this is currently a risky play to enter now as price action is below 200MA. Depending on this coming weeks stock performance I might jump in on...
BABA showing a classic hidden BULLISH divergence indicating a trend reversal. Look for BABA to retest $105 and $118 area in coming weeks.
Apple showing weakness with a classic bearish divergence. Apple still has a golden cross coupled with an inverse head and shoulders, so I expect this to be a quick pull back before continuing higher. Entry point will be around the $155 zone. Depending on when it reaches the zone I'll be purchasing either May or June $170 call contract.
Hidden Divergence on the daily chart, price action also above 50ma/200ma. Expecting a minor pull back before continuing higher.
NIO broke long term down trend yesterday and broke long term resistance of $10.67 today. Next resistance $12.38 in a few months.
Tesla is at the upper resistance of a huge falling wedge. After multiple fails its time to break through, likely be rejected by 200 ma and bounce higher.
Descending Triangle trend continuation. Semiconductor chip shortage doesn't help either...
KIQ looks to be entering bull run. Currently consolidating in a falling channel, waiting for a breakout. Bullish cross. Target: $1.54 Buy: $0.80