S5_Trading_Desk

S5_Trading_Desk

since 10th May peak, the stock was on bearish trend. As of 6th October is breakout the slope, went back for 1 day but break out again, confirming a trend reversal. MA50 line is tested and rejected several time in the past 2 weeks but following fibo levels, I believe we look at a climb to 215-220 range before earnings on 4th Nov. Earnings will define the story onwards

S5_Trading_Desk Updated 

I see a narrowing triangle. Triangles we love especially squeezed ones with a bit of consolidation visible. I will not enter from point 1. First we need to observe bounce back from 1 and rejection at point 2 so basically one more touch on each sides of the triangle. If that occurs, I will start opening position on point 3. we see 2 influential figures coming head...

S5_Trading_Desk

Back in June 20, NVTA jumped up rather spectacularly and since late Jan 21, bears are beating it down. 24.90 was a critical point but we crashed it down and due to Jun 20 pump up, we are right now in the vacuum between a solid support of 15 and 25. 20 was a resistance in the past, we don`t know whether it will work as a support but my main point is that this gap...

S5_Trading_Desk

If we do not bounce back from 5.34, we will be on freefall till 4.20s....I will wait for overall trend to turn around. short term I am short, if we break the upperline of the triangle, I will start opening position.

S5_Trading_Desk

AVPT - very interesting company. Earnings came out - Guidance is not changed for the year while Q2 earnings (revenue / subscription) were a record high - better than expected. Despite that it went down. Company has 250mio cash on hand so part of valuation is already absorbed from there. Solid outlook. Short term, also after how it behaved after earnings, I expect...

S5_Trading_Desk

There is a triangle formed, coming to a cross section in 3-4 weeks time. Either to pop-up or break down. Either way now is not the point to enter. We need to see a bounce back from bottom line and one more touch to upper line to confirm the triangle. I bet on upper break through so if the above condition met, I will enter around 109s with a small portion

S5_Trading_Desk

self explanatory...entry anywhere below 16, ride up to24 in 5-6 weeks....not financial advice

S5_Trading_Desk Updated 

After a long bearish move, we see a nice cup & handle formation. Of course to validate the move, we need to see an upward trend of the cup. Be aware that there is a voting end of June for APXT! If merger is not approved, then it might be a bit disaster. Though the cup & handle move will be confirmed way before end of June, if we don`t see harsh moves on NDX, I...

S5_Trading_Desk

I was looking forward to today, this week, on whether we will be rejected by the downward cross resistance line or not and we got rejected. This is not good because twice rejected and twice got support confirms the narrowing wedge formation (thick blue lines converging) I draw the path I expect this etf to follow. I am in since 9 months on this ETF and my cost...

S5_Trading_Desk

Black line which held several times in the past is being tested. I expect to bounce back and forth between black line and MA21 for a while till we break it up. If Black support line is broken, it will be free fall till 90$

S5_Trading_Desk

Narrowing formation coming to an end. As SPAC, before merger i don`t think it can go down below 10$ as SPAC how SPAC works. and I don`t assume it will go down. We have tested the thick blue line enough times and bearish move has its toll. Good preliminary earnings have been announced and 2021 guidance has been increased. I know SEC does an extremely slow job...

S5_Trading_Desk

on ARKW - MA 50 daily is a main support and resistance, worked like a charm especially last 3 attempts to break it failed. We see a convergence of MA 21 and MA 50 so I expect a bit up and down between these to MAs and then break down where they intersect, find support from the blue line and then push up to break both MA21 and MA50. I like that the volume has...

S5_Trading_Desk

Previously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn. Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again...

S5_Trading_Desk Updated 

Initially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again. The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave. Hence I firmly believe, as you can see from the black line I draw, we see a reverse...

S5_Trading_Desk Updated 

the topline coming down worked as a resistance several times. What we lack in this bearish move is where the real support is. BNGO since the beginning of the year moved drastically up. Even now x6 YTD. So hard to guess where we will see a support. Hence, I would like to see support line working 2 more times and we break the resistance line before jumping on the boat.

S5_Trading_Desk Updated 

Both double bottom has formed after a downtrend and also we are coming to end of the triangle. best time to enter

S5_Trading_Desk Updated 

It is time to break through and jump from the support line. The upward trend will need a push with positive earnings to reach higher levels.

S5_Trading_Desk Updated 

The road is getting tighter and tighter and we all know last 12 months run was rather steep. The 1st black line should hold but will not be surprised if we break that down