Rod_85

Rod_85

As the market looks to perhaps continue its selling, I'm looking at hedges.

Rod_85 Updated 

Apple has been a ride recently, but then again, what hasn't. First it popped it's head up and out, which was shortly lived. Then it fell below the major trend line. Now it's back above, with improved RSI levels. The broader market looks neutral, on its trend line and showing a little buying power today. Election nearly over, will have a certain amount of money...

Rod_85

Today, it looks like some relief to the market. Will it bounce or will it continue? Fundamentally, plenty going on, but the US oil target of $36 has been met and a lot of stocks now on their supports. Time will tell

Rod_85 Updated 

I don't usually do value, because value segment is pretty much dead, leaves more people caught out that profitable and in the mean time you could be making big gains on the trend train. Saying that, I don't want to box myself in one sector. Sometimes a little bit of diversification can be good for the portfolio. So lets begin with a breakdown - observations I will...

Rod_85

The earnings report tomorrow is anyones guess, but as covid has kept people home, I'm pretty bullish on it. The last earnings report missed the analysts estimated target by a considerable amount, although staying within trend, it has set the stock up fo a nice position for good gains ahead in my opinion. I can see this type of industry expanding as society changes...

Rod_85

Just because AMD had a quarter of good earning, doesn't mean they'll hold onto that growth for long. This was a traders price move. If latest PR isn't in suit for 4th quarter, expect the price to relax back to previous trend line. This may even be worth looking at as a same sector hedge against the bullish NVIDIA Idea I was looking at today. I wouldn't be...

Rod_85 Updated 

Technical and fundamental setup Only thing I believe holding it back is investor caution for the US presidential election

Rod_85 Updated 

A few curves have found this. It's an exponential trend and at this point it looks like it will be moving big one way or another. No targets, just up (or down). I am inclined to be bullish for many reasons. It's a future grasping tech stock after all, with a revenue/earnings growth trend. At some point, all these far reaching PE ratios will make the market finchy,...

Rod_85 Updated 

I'm thinking, we might see one more push to this channel, although $42pb is a big ask, then a possible drop to $36pb. This coincides with the large megaphone S&P500 resistance pattern. Due to a rise in new cases of coronavirus, there is lower demand for oil and reserves will begin to increase. Over supply and low demand could pull WTI down. With jitters from US...

Rod_85 Updated 

Potential bull trap. The stock is over extended while the rest of the market trends lower. Ceiling penetrated but perhaps buyers will dry up at this level

Rod_85 Updated 

as Nvidia makes it's 3 wave correction pushing down to 111 high volume price action. Fundamentally, the graphics card maker is in a brilliant position as leading graphics card provider to work in future disruptive industries, such as AI, QC, Crypto and Autonomous driving, as well as established industries such as Gaming, CGI/animation and CAD design. Not financial...

Rod_85 Updated 

We seem to have stopped for the time being at 2500, which on a weekly chart time scale shows a bit more bullishness. But looking at the monthly chart on a macro scale, it looks like RSI still needs further to go. Could this be the start of a heated sell off and beginning of a bear market? Time will tell

Rod_85 Updated 

Not a fan of this stock. All can be said is there has been support at the entry price of 5 ish, and judging by the recent transaction volume traded and the sudden price movements, it must be close to capitulation. Hit 8.50 ish today. That I suppose could be mid term bottom. as I type we have 10.40

Rod_85

Hi guys, As can be seen per log chart, as time of writing, BTC is not out of this bearish trend yet. Also one thing to consider is the bearish divergence that is happening. This is not financial advice. Just me practicing on my chart analysis, using this platform and learning to publish the charts :) I am not a pro or an FA and this is not intend to be seen as...