Tesla is within an indecision range Would wait for a daily close above or below the range. Trend - on daily is still Down - this is still considered a lower high. We cannot say yet this is an uptrend until we see a higher low and a revisit back above the channel. TD daily - indecisive TD weekly - Red 7 Moving average - unhelpful atm Take away : Weekly...
Buying opportunity for Lucid, Given 70% decline from top test of 0.786 fib Descending wedge, probable wedge reversal target rounghly 70% gains I estimate the reversal to occur within the next two weeks
Inverse cup and handle suggesting another target short of 6.5K to come Strangely that coincides with the bull trendline Happy trading
No idea why it would But Technically there are good reasons to foresee a pump in AMC. Horizontal support established at $5.30 Minor resistance at $6 broken Close above horizontal channel on the daily (just slightly) Daily RSI and 4 hourly RSI broken upwardwards of its own horizontal channel MACD 4 Hourly Crossed over So I am a buyer
Something to consider before fomo buying the current bullish sentiment Please google the actual Wyckoff distribution schematic if not familiar with this. Buying climax was the 42K top Automatic Reaction buy being the 31K temporary bottom Secondary test being the 39.5K top Sign of weakness in Phase B being the double test of the 29.5K area It is possible the...
Something to consider before fomo buying the current bullish sentiment Please google the actual Wyckoff distribution schematic if not familiar with this. Buying climax was the 42K top Automatic Reaction buy being the 31K temporary bottom Secondary test being the 39.5K top Sign of weakness in Phase B being the double test of the 29.5K area It is possible the...
To me this is mixed bullish bearish technicals, but the indicators I put more weight on makes this more bearish RSI and MACD both showing bullish momentum with the RSI trending upwards and MACD Bullish cross on the daily However Premium index is high and also TD count 9 is approaching tomorrow. In positive trends high premium index is actually a favorable...
It is unsettling that NIO is forming a Descending triangle. A 4th Touch of the baseline would likely result in a break down of the descending Triangle, with target being the height of the Triangle. In my prior post I have posted my exit, I'd be keen to add shorts on the breakdown of this Triangle. The best traders remove emotion No Matter how much I love...
There's no better top timing indicator, than Tom Demarks Tom Demarks top suggestions - 3D 8 today, 9 in a couple days - Monthly 9 Feb - 3D and Monthly TD count is in line with the SPY - also turning 9 soon Could it be nothing and we go higher? Of course. Would I ignore the warning? Definitely not. February is where the show is at. We shall see.
lol this is a crazy penny stock, not so penny now. The trend is your friend And your friend will take you to the moon.
Technicals -63% decline from ATH -Daily Red 9 (exclude the random 1 off green counts) -4 hourly red 9 buy signal -falling wedge pattern. Fundamentals -Quick extreme change in emotional sentiment, from +50 Billion dollar darling innovative company that was worth every penny of the valuation, to all of a sudden 60% drop, and all the recent articles be like hey,...
I have advocated for a buy the dip at 31K (see previous posts) I have sold at 37K due to the following reasons. Techincals : -TD sequential red count continuing -Daily below 20MA -7EMA/ 20MA daily cross -Funding rates and premiums YTD high -MACD Daily still bearish -RSI downtrending, although above 50. If prices reach around 27K that would be a perfect buy.
Tesla is in a Vertical Market - See prior Idea Consolidation triangle leading into a moving average on an uptrend is usually very favorable to another leg higher.
Unfortunately the Nio momentum has pulled back due to the overall market sell off last week. Now we should be back on track Technicals: -The Tom Demark count on 4 Hourly is on a red 8. Red 9 Buy coming for tonights trading session. -4HR 20 MA support should probabilistically bounce the price -Trend is up - Assume the trend, buy on dips. Still holding my...
Reasons to buy. Mass fear ongoing with the lawsuit. Pretty much every indicator is a high sell. Wall street Journal says 3 reasons to stay away from Quantum scape. Technicals: 64% decline 50 day MA support 0.7 Fib support Triangle formation with narrowing - break out anyday now Gap at $85 Target Risk rewards is 50% to the upside vs 5% stop loss to the...
I Posted 3 weeks ago why I was Zoom short, Now I;m flipped buillish Descending Wedge reversal is here. Target probably back above 450 somewhere we shall see.
From $63 short term moving average support will probably advance the prior at least another leg up Just stay with the trend., and stop thinking too much. :D