Kinder Morgan is heading into earnings and currently sits above the 200-week SMA and the POC as it forms what appears to be a Bullish Inverted Head and Shoulders pattern. If these levels hold into earnings, I think KMI will have a chance at breaking out of the pattern and making its way towards the 0.618 Fibonacci retracement up at around $31.23 especially if...
Hologic is currently Consolidating within the potential handle of a Bullish Cup with Handle pattern and is holding above the 200-week Simple Moving Average. If this pattern plays out successfully, the measured move target would take HOLX up to around $118. n addition to the technical pattern, HOLX seems to be improving its balance sheet on an annual basis,...
For the few years there has been a close correlation between the US Dollar Index, US Treasury Yields, US Oil, and The Volatility Index, as of right now all are forming similar accumulation patterns, with the DXY, and Oil both sitting at the PCZ of a potential Bullish 5-0 at the 50% Retrace after breaking above its trend and the US10 Year yield sitting at the 61.8...
There is a Spinning Top Pattern inside a Falling Wedge Pattern visible on the Daily Timeframe with Bullish Divergence on the MACD and a little bit on the RSI. If this plays out, I think it could atleast come up to the 200-Day SMA which is where it has topped out after the last several rallies we've seen in the UVXY.
MRO on the intraday is showing signs of Bullish Divergence on both the MACD and RSI at the potential HOP level of a Bullish Bat. If this plays out I think it could make a move up towards $25
The DBA Agriculture Fund is an ETF that has futures exposure to various different commodities including: Wheat, Corn, Sugar, Live Cattle, Lean Hogs, Cotton, Soybeans, Coffee, and others. As of right now the fund has recently pulled back due to a Bearish Test of the Bearish Bat PCZ but during this time it has formed what looks to be a Cup with Handle and has...
BLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has since gone down over 66%, however in recent months, we've seen the...
The Danaos Corporation has developed an Inverted Head and Shoulders on the RSI, during this time it has also begun to Bullishly Breakout of Bull Flag alongside the global charter rates and is likely to continue up to atleast make a 38.2% retrace so long as charter rates continue to rise.
There is a Bullish Piercing Line at the PCZ of a Bullish Bat that is visible on the Quarterly time frame. We also have MACD and RSI Bullish Divergence to go along with it as well as Increasing Volume. This could be the start of something big for the price action and I speculate that shares of Walgreens could rise up to around $58 over the coming months.
BP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would...
Ford Motors in the face of continuously Rising Debts and Negative Free Cash Flows has been rejected from the 61.8% Fibonacci retrace, which previously acted as support and now seems likely to continue down significantly. If I were to target how low I think it could go, I'd say $8.65-$6.00 seem like likely targets.
Back in October ACHUSDT confirmed a Double Bottom at the PCZ of a Bullish Gartley and has since climbed back above the major Support/Resistance Zone represented by the green horizontal line as well as the 200 SMA and 55EMA and has formed a Channel of Ascending Consolidation. In addition, it is doing this while trading to the right of a previously Bearish Trend...
There is already an Active Bearish Shark Trade going on with AAPl that is targeting $152.24, which would be a 0.618 retrace of the local range, but there are much bigger bearish patterns and signals in the long term that could be hinting at an elevated probability of AAPL completely undoing the uptrend it's been in since 2018 and returning to those 2018 lows at...
Coinbase near the range lows has formed a Bullish 5-0 and has also back tested a Golden Cross as support; as a result, Coinbase should soon be targeting a range breakout that takes it to the 0.382
WKHS has formed a Falling Wedge with Bullish Divergence on the Daily as it has come down into the December 2018 Low. It has also Bullishly Engulfed the previous Daily Candles and has exhausted the Options Chain. At this point in time I'd expect WKHS to make its way back above 50 cents and perhaps run up to around $1 or perhaps a bit higher which would be best...
There is a 4 Hour Bullish Pinbar with MACD Bullish Divergence at the PCZ of a Bullish Bat at the macro low.
AT&T has formed a Dark Cloud Cover after being rejected from the upperbound of the Resistance Zone and is now trading below the 200SMA and 800EMA with Hidden Bearish Divergence forming on the MACD. If it plays out, I think we could see AT&T make its way down towards $13.20
The Federal Reserve during the FOMC and in its SEP has hinted greatly towards deep rate cuts in 2024 because they see the CPI going down and no longer feel the need to tighten further, and are under the assumption that great progress has been made. I for one do not agree with this perspective and think rates need to go much higher before inflation can truly be...