StonksSociety

StonksSociety

We entered long on $WKHS today... let's see how it pans out!

StonksSociety

Nice inverse head and shoulders forming on the daily. MACD also looks like it wants to flip too. One thing to note is the potential rising wedge pattern forming after quite a large drop. (bearish) Must wait for confirmation before considering an entry.

StonksSociety

Make or break level for Roku here. We must see a strong bounce this week ($25+ bounce) or else it looks quite rough for the outlook of this one...

StonksSociety

Didn't have time to do a full Elliot Wave Theory analysis on this one, I apologize for that. However, very clear supply/demand zones labeled, while trading within a wedge. Extremely attractive bullish inverse head & shoulders shown on the chart, looking to potentially confirm and breakout early in the week. The only thing holding me back from this is the fact...

StonksSociety

One of my better counts that I'll be watching develop. We have hit and rejected the 1.618 fib extension wave 3 target of $257.32. I anticipate some distribution to occur this week near this level before an ABC major wave 4 retracement takes place. This should take us anywhere between $226-242 (I know this is vague for now since not much clarity yet) and should...

StonksSociety

After an extremely frustrating and long corrective phase, I believe we are nearing the end of this. Looking for a dip to complete the wave 2 retracement and a very buyable zone from $35-37 as long as it holds. I see this as a major bottom and wave 3 to proceed with minimum target at $48.57. I still hold 2023 calls and will continue adding on dips (including this...

StonksSociety

I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel. Last week, I said it was KEY that we get a daily...

StonksSociety

Another prime example of AMAZING chart setup, terrible timing. Fastly reports earnings on November 3rd, therefore I will be waiting until after to consider a position. Textbook wedge breakout, with the retest holding into a bull flag which is looking to confirm. If we can hold above $52, targets above include $55, $58 and $64.

StonksSociety

Not my favorite setup into the week... but still worth mentioning here. A possible wave 1 is in and looking to retrace on this wave 2. I have indicated my ideal buy box in the $148-155 range is best. If we can hold there with volume, I will consider taking a small long swing, targeting the mid $190s area.

StonksSociety

Beautiful chart, terrible timing. Activision reports earnings on November 2nd, therefore I will wait until after to consider a position. With that aside, the chart looks amazing. Headed into a possible wave 3 with target at $87 as long as $76.25 holds. Might be worth an earnings lotto if you're into that.

StonksSociety

Looking like a potential local top may be in here with a pretty convincing reversal daily candle. Expecting quite a bit of choppiness for the next few weeks/month to retrace and build a base for a fifth wave higher towards my $138 target. Patience will be key on this to wait for the right setup to present itself. Worth keeping on your radar if the retracement...

StonksSociety

After reporting their earnings last week, Apple fell to the $147-147 level and currently trading within that range. I still believe we will see a continued corrective wave to complete either a wave 4 or wave 2. (Hence why the recent peak/following potential low have two number labels) It is currently unclear which is the correct label, however the outcome is still...

StonksSociety

Yes, I have been keeping a close watch on DOGE recently. With this breakout, will history repeat itself? Only time will tell, I'm willing to take a bite on this. I have a position opened from last week @0.26 Good luck!!

StonksSociety

After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. $PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits. I believe that was only the beginning of the big picture, and we put in a...

StonksSociety

If markets show signs of weakness at any point in the near future, I believe Netflix will be one of the most prime short setup out there. Many signs pointing to downside here for the stock. - Recent run-up due to overall hype and the massive success of Squid Games (believe we need to cool off a bit) - Concluded all Minute, Minor and Intermediate EWT counts...

StonksSociety

Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock. We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand...

StonksSociety

One of my favorite swing setups this week. Activision formed a large falling wedge on this most recent pullback from all time highs. Since then, we have broken out and moved slightly higher but I don't think we're anywhere close to being done yet. Here is my trading plan. I am interested in taking the suggested calls above $81 with volume; ideally seeing a daily...

StonksSociety

Looking for a local top rejection here to cap off the wave 3 move. Ideally, we see a pullback and bounce into my buy zone between $139.82-149.11. I will look to start averaging into a swing position from there. Daily close above $150 is crucial for taking Apple up on it's next leg upwards.