Trader_Mayhem

Trader_Mayhem Aug 28, 2023

the trendline lines up perfectly with the 0.5 fibonacci retracement to 246, before a continuation down. Not financial advice, good luck to all :)

Trader_Mayhem Aug 5, 2023

The market has been on a tear recently, so a pullback or a small correction is expected. Combining the Fitch downgrade with the Apple earnings not blowing people away, there's a sense of panic in the market now. The truth is that earnings (for the most part) have been better than expected, and the probability of a soft landing is increasing with each passing...

Trader_Mayhem Aug 5, 2023

Dividend stocks like Pepsi can be viewed by many as a defensive stock in a market that's looking to correct, or if a recession is on the horizon. This pullback was expected, but I expect to see 190+ from here.

Trader_Mayhem Jul 26, 2023

NASDAQ:MSFT is down 4% today after a beat on top & bottom line. Fell right into the trend line range and I think we move back up from here. Not financial advice, good luck to all :)

Trader_Mayhem Updated  Jul 20, 2023

With the move today of NYSE:DE approaching the levels of $422, I think the upside is minimal when compared to the potential downside here. 1)I see a trend line approaching 2)I see a resistance crowded area here 3)I see a bearish Cypher pattern forming that might take it to the $390 area. Not financial advice, good luck to all :)

Trader_Mayhem Jul 11, 2023

I believe we have strong support around $58 for this dividend stock to bounce back. Not financial advice, good luck to all :)

Trader_Mayhem Updated  Jul 8, 2023

$167 is a very clouded area for JNJ. Watch for the MACD to cross bearish before a leg down

Trader_Mayhem Jun 30, 2023

Target has obviously taken a beating for reasons that shouldn't need explaining. However, I do believe that the bottom base is between $128-$132 which it could reverse from. Keep in mind: bottoms can take weeks, if not a month(s) to form, so there needs to be patience here. Not financial advice, best of luck :)

Trader_Mayhem May 6, 2023

I believe shorting Roku at around the $58 area and being patient will be beneficial. I think it will see the 40's again with patience. Not financial advice, good luck to all :)

Trader_Mayhem Apr 14, 2023

Lulu obviously crushed earnings and the stock took off to the upside. But…. Keep an eye out for this trend line. If we get a clean break, we may go down quite a bit to fill the open gap. MACD also showing that we’re getting close to turning bearish. Not financial advice, good luck to all :)

Trader_Mayhem Apr 11, 2023

QQQ has been on a very good run so far in 2023 as part of the tech rally. Personally, I think this rally got ahead of itself and QQQ will retest FWB:304

Trader_Mayhem Apr 3, 2023

Walmart is approaching a key area of resistance between $151 - $153 on the weekly. If we look below at the RSI trend, it can serve as a double confirmation as there is a trend line also approaching its resistance. Once Walmart hits that early 150's range, we can look to the downside. Not financial advice, good luck to all :)

Trader_Mayhem Mar 28, 2023

NVDA is up about 90% over the last 3 months. I don't think that's how stocks are supposed to work. I believe the popularity of AI in recent months is causing this to go up way too fast, way too soon. I expect a fall here within the next few weeks... Not financial advice, good luck to all :)

Trader_Mayhem Mar 25, 2023

Tesla trendlines are getting very, very tight. Within the next few days, it could continue to consolidate between $187-$194 before ultimately going above or below the trend break. Are you bullish or bearish? Not financial advice, good luck to all :)

Trader_Mayhem Mar 24, 2023

I believe Apple will retest the trendline before picking back up towards $165. Not financial advice, good luck to all :)

Trader_Mayhem Mar 23, 2023

Keeping this one simple, I think Lulu is poised to retest the trendline after earnings. Resistance area around $315-$322. Not financial advice, good luck to all :)

Trader_Mayhem Mar 19, 2023

After the MacD turned bullish for Moderna, I believe we will finish the harmonic pattern until we hit the trend line at around 167-170. Not financial advice, good luck to all :)

Trader_Mayhem Updated  Mar 14, 2023

I believe Spy will complete the Bat pattern at $390, and from there we will get an indication for a longer term move. Back to over 400 or under 380? Time will tell. In the meantime, I do think $390 is inevitable. Not financial advice, good luck to all :)