i like trading this stock for a lot of reasons. the big mac of these trades is an oversold bounce. unless they ditch the quarter pounder and start selling pepsi i dont see why this corporation should sell their stock. cumulatively we have a lot of longs still in the game, and if shorts conti ue covering this will attract buys.
i dont see the lower timeframes until the hourly consolidates. looking for 38525.
cocacola is moving counter to thr broader market trend, and im looking for this to continue in the first part of this week. i imagine that after the gap close and ending up at the highs we continue up a little.
id love to see this trend continue, and this is a stock that usually follows through on its guarantees. when a strong return to the uptrend is shown, completion of the bull pattern is normally achieved. weve taken out multiple levels of resistance, and if we conti ue immediately we are bound for upper 146s.
pfizer is one of those household names that has been getting constant attention since the outbreak of covid 19. right now it is at the tail end of a long downtrend, and healthcare is acting as a defensive play for risk off rotation. as long as the broader market bounces this should bounce.
people like amazon for a lot of reasons. i like it for its typical intraday technical strength. when markets and big tech take a hit this thing goes down hard, but it comes back juat as hard and uaually ends up higher. i like the idea of a bounce here.
facebook is making the rounds down to the 200 area, but whats this stock really worth? theres no reasont to think a turn around is happening per se but if we see conditio s that indicate its headed for the vwma i like this thing long.
given the amount of retracement and current momentum the likelyhood of a tightening range is increased. if we treat the same horizontals as before but print lower highs and higher lows we will juat head sideways.
there is a triple top leading into a potential lower high that could form a bearish pattern. if we dont continue bullishky immediately to see the upper horizontals we could break the lower horizontals. were coming off overbought and qqe is trying to form a long entry. top fishing can come in as we hit highs in rsi again 15 minute to hourly.
i would be very surprised to see a turn around immediately here on bitcoin. we are in oversold territory however, and there should be a bounce leading to daily reversal. i wouldnt be surprised to touch the 37k support area, and i also wouldnt be surprised to find the price back up above 42k in a weeks time.
weve retraced about to the .5 and if we see a bounce here a tightening range is the most likely scenario which is my bias long here according to qqe, rsi
i think now that were over it, remaining over vwma after testing some higher low should be an easy task. this should lead the market up.
i dont think i need to spell it out for people when i say this is oversold, and should bounce. yes this thing really collapses when the market takes an unexpected turn down, but then it makes very predictable reversals. we should hit that vwma. whether it is resistance or not we shall find out.
in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i...
theres a really bullish sentiment playing out on the daily, but technical indications are that we sell off a little in vix. ive circled the type of cross i want to see, and highlighted what could gappen if we dont complete the bearish pattern. over $23 or under 16 in 1 week
im confident on the abandoned baby/bullish doji daily theory, and i think we may be seein a similar pattern now to the one i have circled in oct '21. if we continue off of oversold bullish divergence and cross the vwma getting a long entry in qqe then this market is a buy. we may gap up and trade upwards on monday. if we treat that average as resistance qqe will...