We are approaching a strong trendline support level which begain back in 2017. The stock is heavily oversold, RSI is in a descending wedge pattern. We are also approaching the golden pocket Fibonacci retracement which can provide additional support. I expect a reaction at these levels and a breakout from the falling wedge pattern on the RSI. So far patience has...
Strong downtrend, ABC correction with the final C wave possibly in. Potential for a short squeeze as Moderna receives funding to develop a Bird Flu vaccine for the ongoing outbreak. The financials don’t look great, this would be a short term trade with a tight stop loss. Not financial advice, just a trade idea.
Tech is overvalued across the board, especially names like Monday trading at PE ratio of 535 and Forward PE of 67. Revenue growth has been high but signs of deceleration ahead. If the stock market drops heading into the New Year 2025, I think this will be one of the first to fall. Technically we are in a bearish rising wedge pattern and we appear to be on the...
AMD has dropped close to 50% from it's all time high, during the height of the AI exuberance. It's now in a speakerphone pattern and has entered the Golden Pocket Fibonacci retracement level. I believe this is a good opportunity to start a position, using a DCA approach, in the hope it drops more for further accumulation. It could well drop another 20-30% from...
Loaded up UiPath at $12, looks like this is ready to rip upwards
Looks like someone somewhere knows something. I entered at $9 and I’ve already moved stop loss to break even. Let’s see how far this can go
Could this be the final leg down, Wave 5 capitulation? I'm watching this closely, the only think holding is up now is a long term trendline. The chart is very nice, a massive 5 wave supercycle which has peaked. We have been in a long bear market and there is no clear catalyst to suggest that a recovery is on the horizon. Lithium prices have tanked and ALB is...
UPS presents an interesting opportunity for investors looking for a potential rebound, especially if you believe there will be a turnaround in consumer demand due to looser financial conditions. The stock has dropped nearly 50% from its highs just a couple of years ago, presenting an attractive entry point for long-term investors. If financial conditions ease and...
As the electric vehicle (market in the U.S. continues to expand, ASPN stands to benefit from its integral role in the EV supply chain. With GM’s growing market share in EVs and an expected surge in EV sales, demand for advanced thermal management solutions, such as those provided by Aspen Aerogels, will likely see significant growth. ASPN specializes in aerogel...
Massive short squeeze here. Clowns like shorting move up are now feeding the liquidity to the upside. I wouldn’t be touching this stock without very tight stop losses and defined entry and exit points. Do not be surprised if we pull back here and get one final move to the upside to take out the final shorts with a blow off top. This is a fun trading stock,...
Head and Shoulders pattern complete, price drops from $148 to sub $80. The drop from the head of the pattern is 23%, we should now be in Wave 5 where the final drop is 23%. Cagrisema fat loss is 23% (below expectation of 25%). Wall St trims 23% off the stock price. Largest sell volume seen in the stock, going into the oversold territory - 19 RSI on Daily, most...
Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump,...
A very quick alert on the Novo crash underway. It looks like Cagrisema has failed to deliver the results it expected on the level of weight loss. We are now down over 49% on the stock, hitting the 200 week EMA and the golden ratio Fibonacci level. Is now a good time to buy the dip? If we can hold this level of support at around $80 I think this is a wonderful...
The shorts have done extremely well here, dragging the price down by over 34%. ELV has been under severe pressure due to a miss on EPS on their last earnings report. However, they did beat on revenue (by $1.58B) but that did not stop holders exiting their positions. Unless you're living under a shell, you will know that the entire sector has been under increased...
Monolithic Power Systems (MPWR) has been one of the best-performing stocks over the last decade, with a stellar CAGR driven by its robust growth in analog and power semiconductor solutions. It has consistently outperformed peers due to its focus on highly differentiated, high-margin products and end-market diversity, including automotive, industrial, data center,...
Microstrategy has exceeded all expectations, smashing past previous all time highs along with Bitcoin. As Bitcoin approaches 100k, now is a good time for bears to consider where they can short Microstrategy in the event of a pullback. I think this is setting up an opportunity for an epic short opportunity, not one that I will be immediately jumping into as I...
Pivotal moment for Crypto alts. I think BTC dominance is topping out soon. One of the beneficiaries of that will be the stronger altcoin projects such as CHAINLINK. It presents a good risk to reward trade once we can break out of the RSI and triangle pattern. We are down over 50% since the highs this year. Alts remain highly risky in the short term so I’d rather...
Head and Shoulders pattern complete, we are 32% down from all time high. We have retraced to the 0.5 Fib level and bounced at the key $100 level. Trade entered with a tight stop loss, in case we lose that key $100 level. The correction may be over in this top Pharma stock. Eli had terrible earnings but Novo looks more promising at this stage. Cagrisema phase 3...