axlmayhem87

axlmayhem87

Decent long term buy point? Here is a stock that has come back down to the support line it has used for the last 20 years. It was this line that was able to get it passed the resistance line from late 2002 to late 2012. After it broke the high resistance in 2012 it tested it and held as new support. It more than doubled after that point. This puts us at...

axlmayhem87

We have broken the resistance of the three month pink line at a point above the blue line (the top of swings since August 2020. The red line is the resistance line from the tops since September of 2011. Gold seems to be pretty comfortable at this price with no large sell bars recently. Seems to me that there is a chance of at least testing to red resistance...

axlmayhem87

Going strictly by chart analysis. The red resistance line from march of 2022 has been broken with a good bounce. Making the yellow line from the last year or so potentially a new resistance line with two bounces. if it continues to use the green box for accumulation the white line (which is speculation at the moment and chances are will either be moved or wiped...

axlmayhem87

Another one to place on the watchlist for now. This one seems to be finding support on the long term support line. It has broken the last years trend resistance line. It will need to hold this green support through the longer term down trend red resistance line. If it manages this we could see a new uptrend. Placed on the watchlist!

axlmayhem87

The more I look at this chart the more I am looking to buy some. It will need to break passed the red resistance line while holding the Indigo box, preferably the yellow line that it is holding at the moment. Time will tell. If it breaks down below the yellow line but holds the blue box, oh well better prices right. Placed in watchlist!!!

axlmayhem87 Updated 

The green line has been holding as support for the year. Each time it has touched it, a bounce has followed. It seems to be in the mood for breaking its resistance lines with this support. It has just broken one with good volume for the stock and his holding the support line with good volume for the stock to the upside as well. Making this a good spot for a...

axlmayhem87

The stock tried to break out on Oct. 16th but failed to hold it. Then it went into accumulation for another 2 months. It broke out again on December 14th, on the 15th it tried to fall back into the accumulation box but has held its support and stayed above it for the next three days. The next resistance should be up around $8.50.

axlmayhem87 Updated 

Here we have a possible trend reversal. This play is on the weekly chart so it could possibly take some time to play out fully. This is just what I spy with my little eye. It may be possible to break this trade down farther into faster time frames for a better return.

axlmayhem87 Updated 

Here we have a very interesting chart. This chart appears to repeat itself. If you look at the first touch of the red resistance line, you could possibly call it a head and shoulders before a drop also. It depends on how picky you are, I did not label it as such. The currency pair appears to be happy with this bottom as strong long term support. As you notice...

axlmayhem87 Updated 

It looks here that EURGBP spent June through mid September in accumulation. The purple rectangle. It then broke past the white trend line it has been toying with since last September. It then found resistance at a trend line it has been using as resistance since February. This caused it to fall back into the accumulation area and test the white trend line for...

axlmayhem87 Updated 

The main support and resistance on this chart seems to be forming some sort of wedge over the last 30 years or so. The internal support for that trading zone was broken back in august 2010, the darker green line. Since February of 2012 it has been following a new support line within the main support and resistance. Price action has come back up and confirmed...

axlmayhem87 Updated 

Since May of 2022 this stock has been trading horizontal seemingly forming a base for the next bull run of the market. Robinhood will likely not be going anywhere for awhile, so I do like this as the bottom after its IPO. The red resistance line is pure speculation at this point as we will need further data to confirm this. The resistance lines are shallowing...

axlmayhem87 Updated 

Now for the risky swap. We are at levels that the currency should want to keep as resistance. That does not mean that it will though. If japan holds fast at negative interest rates it will continue past it until something changes to help the currency out. this is purely speculation on what would be a good resistance level for the usd/jpy currency pair for the...

axlmayhem87 Updated 

This Australian dollar currency swap may not be ready just yet so I will be building my position a little slower than the others. It is close enough I will go ahead and mention it though. It does seem to like this area for support with a previous low in this region that had a good bounce.

axlmayhem87 Updated 

Another good looking play would be the Chinese Yuan. Strictly off of the chart, this would be a good time to look at acquiring the currency for a longer term currency swap.

axlmayhem87 Updated 

Another swap play is going to be the New Zealand dollar. As always, buy it low, sell it high. In all of the plays I am showing the currency I am swapping to may also be invested in the countries main stock exchange on the SP500 or their own index for the duration of the swap.

axlmayhem87 Updated 

Another pair with some good potential for a longterm currency swap play is the Swedish Krona. I am slowly starting to buy up some of the currency for a potential dip in the pairs pricing for a longer term play. I could always invest the cash on the Stockholm exchange into the sp500 when I am done buying the currency for an even longer term play

axlmayhem87 Updated 

Another long term currency swap play I am buying into is the Norwegian Krone. I have started to swap some of my usd cash into the Krone while I am getting a good price for it before a downward move in the pair.