bbahmed
Holding over our 137 pivot region, riding the 34 EMA . TTM squeeze setting up & stochastic turning bullish!
Holding over our 137 pivot region, riding the 34 EMA.TTM squeeze setting up & stochastic turning bullish.
Briefly created a new ATH! Rejected down towards 359.40, bouncing out of the 2HR demand zone. Rallied forming a bullish flag and broke out EOD Friday finishing off week at 361.30.
Friday we created multiple demand zones & rallied heavily; forming a bullish pennant, breaking out of it going into close. Larger TF’s starting to shift bullish on the Stochastic/TTM, smaller TF’s leaning bearish. 395.35 is a hard resistance. Over that, we can see a push towards ATH.
Weekly Recap: CPI numbers released higher than expected & Evergrande defaulting caused a 1% drop on Wednesday. We held 462 & created a new base. Finished the week off strong, at 467.25
Ended up flushing down to 275 despite positive earnings. Look for 275.20 to hold for a solid bounce play. Under, we can flush to 266 & fill the gap. Started reversing EOD Friday creating two demand zones.
At the top of the daily trendline looking to break out. We want 150 to hold in order to see higher. If not, we’re able to flush down to 149 / 148.50
Broke out of the weekly channel, retested & bounced off the daily trendline. Rallied 25 points, creating a gap and finally rejecting off 520. Ideally, we want 509 to hold in order to see 530 PT. Under 509 we can flush to 503 gap fill. BTD here if buyers step in.
BTD & rally play or a potential small retrace back down to 364.10 / 360.80 then moon to 365 / 369 PT.
Becoming very over extended from the Daily TF MA’s. Consistently making higher highs & higher lows. Larger TF’s stochastic & TTM starting to lean bearish.
Potential short term retracement to create a new base of support in order to blast off towards 475 PT. Ideally, we want 466 to hold or we’re able to flush down towards 462 - 460. 470 is a large psychological whole number, we’re going to need a lot of volume to break over this to retest ATH
Near ATH with a recent WEEKLY breakout over 472. Currently sitting at 491.50. Daily bull pennant w/ 30 point pole
5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
Broke Through The Upper Weekly Trendline Start Of The Week; Rallied Hard, Slicing Through Three Supply Zones & Creating A New ATH.
Bounced Off The 5HR 21 EMA 10/27, Creating Multiple Demand Zones & A Gap In The Process. We Are Currently Sitting At The Top Of The Daily Channel At 460. Top Of Weekly Channel Sitting At 462. Expect A Hard Rejection At Either Of These Levels. We’re Starting To Become Very Over Extended With Octobers’ Massive Rally.
Approaching Weekly .786 Fib Retracement Level & Bottom Of The Wedge. Potential Pick Up Zone Between 45- 42