aauguste

aauguste

CSWC in the past 3 months has seen a rise in prices all the way up to $28 and is now due for a correction. Currently buyers seem tired and CSWC is struggling to find new buyers at these current prices. Based on the details outlined in the chart I have reason to believe that CSWC will decline in price in the next few days. I actually look for it to sell below its...

aauguste

PLTR was a darling stock earlier in the year with the likes of Cathy Wood buying it at a high rate. It has since declined and has seen better days. Over the past 3 months or so PLTR has been stuck in consolidation as buyers and sellers seek to find whether or not PLTR is priced too high or too low. What we can look towards is how well PLTR did in their last...

aauguste

The current market conditions is giving me cause to pause as it relates to putting in buy orders. To me it seems as if the market is poised for a steep correction over the next week or so. My current thesis is based on the fact that the ES-Mini for the better part of this week was priced well above the weekly 3 ATR. What was particularly alarming for me was that...

aauguste

Looking forward to next week the daily chart is pointing to a continue rise in price over the next 10 days or so. I still believe that we have few more hurdles to clear particularly the current ATH of 4238.0, should we clear that level of resistance the next two levels of resistance are at 2ATR and 3ATR with prices of 4269.5 and 4317.0 respectively. It's also...

aauguste

Despite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results. Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down...

aauguste

UBER beat its earnings estimates however, it missed on its first quarter revenues. As a result, UBER gapped down after its earnings report and in my view is currently on a downtrend and I would operate under that assumption until it fills that gap. Conservatively speaking I'm looking for a gap filled price that closes with a daily price of about $53. Based on...

aauguste

Last week started out in the red but ended off strong, bringing in the possibility of a pullback over the next few days .The key support level that I am looking at is 4156.00. This is considered as the mean and over the past 3 months the market has showed a reluctancy to drop significantly below the mean over the daily time frame. If we penetrate the mean...

aauguste

UiPath Inc. is a recent IPO in 2021 that like most IPOs experience a fast rise and a subsequent sell off. Personally I think there is still a lot more data that I would want to see in terms of price action before I could say one way or another which way it will go. Currently priced at about $70, PATH finds itself right at the MEAN when we look at our 1 hour...

aauguste

After failing to meet analysts expectation Twitter took a major gap down of -9.6% and is looking to test key support levels over the next quarter which could present several buy opportunities for a stock that not too long ago was rising high at about $80 per share. With the current down trend in place I'm expecting Twitter to come up 2ATR which is a price of...

aauguste

Using the Keltner Channels and TTM Waves I give my quick analysis on where we are in the market and where we could possibly be heading in the week to come.