TravelingTrader412

TravelingTrader412

Absolutely smoked this I am writing this so that I can test what it would be like to get my idea on to patreon There aint shit on this analysis

TravelingTrader412

$77.50 has a lot of volume and can act as a resistance perfectly in line with the 100ema. Daily candle close above this and it should move into the $80 price range and could sit there for a bit. We would see one more push to the top before oil calms and this forms a lower high around $90 or a double top. Entered on the drop at $70 TP target 1 now at $77 TP target...

TravelingTrader412

Looks like their could be a reversal coming before earnings... guess we will wait and see

TravelingTrader412

Look for them to retest highs of 250-270 in coming weeks if market sentiment can stay relatively positive.

TravelingTrader412

Micron is either about to break that 200 EMA and fib level and go down to the 60s or bounce off and make a bull run. The financials are there. The technicals are there. But for some reason people are scared of this incredible company that has posted incredible results. Record numbers and record guidance should help them maintain these levels. If it bounces I...

TravelingTrader412

MU is at that point where it needs to make a move either significantly upwards or down. Selfishly I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips...

TravelingTrader412

Draft kings is sitting right above the 200 EMA. It’s at a critical point and the cross of the 200 EMA in the downward trend could lead to further Bearish movement. However, if we can break the triangle and stay above the 200 EMA (blue line and strong support), we could see they push towards the next fib level of 59.90. If you are in it, stay put and wait for...

TravelingTrader412

Read the chart. Looks like NEE could hit a double bottom indicating a reversal and possibly an uptrend. We might see this push towards the $80 resistance line. On the RSI their appears to be a weak bullish hidden divergence. I only say weak because it isnt that drastic of a "higher low" on the price chart or that big of a delta (difference in change) on the...

TravelingTrader412

Check chart for reasoning. Looking for more confirmation before entering with a stop loss just below the 200 EMA.

TravelingTrader412

I like Boeing right now. Could see it pop up towards 280-300 and continue this ascending wedge before correcting. Volume is reducing on these pops too indicating this pattern confirmation. Held above trend support.

TravelingTrader412

MP just had a death cross with 50 EMA and 200 EMA. Could see retracement to the next support level or further to next fib level. Look to short in the near term but go long over 1-2 year period.

TravelingTrader412

Looking to see a bounce off trend or support and continue to push towards $300 by late summer