chartsareforships

chartsareforships Updated  Jan 24, 2022

Here I discuss how to play Fibonacci pinball with Apple. Fibonacci pinball is a sequence of fibonacci levels that are often seen in many instruments. Apple is currently showing a great example of this. Below I explain what I see; and how it can help provide targets as the instrument trends downward. After wave 5 completes I will show you how I will approach the...

chartsareforships Jan 13, 2022

Areas of interest on chart. Watch LT moving averages and highlighted zones for reversal opportunities. I'll be hunting for long term opportunities after earnings season. If you get anything from this post please like and share. Start the conversation/debate in the comments! Cheers and happy trading! Casey

chartsareforships Jan 12, 2022

Trading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart). This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add. If you get anything from this post please...

chartsareforships Jan 5, 2022

This is a very boring, low P/E, financial/ insurance play that probably won't provide excitement. But for those patient enough, this stock could outperform the broader industry due to it's size and yield. Notes for the security are on the chart. Feel free to discuss in the comments. Entries: $28, $21, $19, $17 Targets: $40, $66 Stop Loss: weekly close below...

chartsareforships Dec 9, 2021

As the title says, the YPS inverse weighted SP500 ETF is currently higher on the year than than the SPY. Something to take note of moving forward to understand where money is flowing. Another way to study the relationship is ty type " SPY/YPS " into your ticker bar. Ratios tell a lot and respect trend lines and support/resistance just like any other security....

chartsareforships Updated  Dec 4, 2021

The DIA is at risk of losing a key level relative to QQQ performance. A decisive close below the red box could signal further underperformance.

chartsareforships Jun 14, 2021

Next meme stock right here. I wouldn't be surprised on a 300% move by year end due to such high short interest. Disclaimer: I own July and December calls. Do your DD, compelling story here. insert rocket and moon emojis. Hope everyone catches this move.

chartsareforships Updated  Mar 24, 2021

If this is the "average" long term channel from the 2007 top and 2009 bottom, the overextension of the upper band of the channel that happened two weeks ago is now equal to (percentage wise) the overextension at the pandemic bottom exactly one year ago. I'm not calling a top; I'm just waiting for some consolidation before opening new positions. I'd like to see a...

chartsareforships Dec 18, 2020

WMT - with lockdowns and the holiday season upon us, WMT is positioned VERY WELL to accelerate their online presence and competition with amazon and others. I'm already in, and watching these channels and trend lines for the next impulse. Enjoy! Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I...

chartsareforships Dec 18, 2020

Here we have a nice setup on Mastercard - Inverse head and shoulders. My buy levels, stop levels, and take profit levels are on the chart. Enjoy! Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by...

chartsareforships Updated  Nov 27, 2020

Please observe that there is a wedge forming on this canadian solar company's stock: $CSIQ. Upon a breakout of the wedge I'll be buying up to the targets noted on the chart. Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful,...

chartsareforships Nov 25, 2020

After breakout of pennant either way, targets are on the chart! Enjoy :)

chartsareforships Updated  Nov 24, 2020

There is only ONE number that matters in gold: 1928. Look at how many times it held it! Recently it broke it and has closed below it several times. My simple trade: a daily close below the local while trendline as long as it closes below 1927, the 3:1 trade is on. I'll keep tight stops because of how volitile the market is and will likely remain for a few weeks. I...

chartsareforships Updated  Nov 24, 2020

Cigna our in an absolutely gorgeous inverse head and shoulders formation and is now breaking to the upside. This laggard has plenty of room to move from here towards the end of the year. Due to previous tests of the 220-225 level, I suspect there is a good possibility of breaking out even higher especially since this is considered a defensive stock. I hope we...

chartsareforships Oct 25, 2020

In order for this inverse head and shoulders to play out, we need to see a retest of the 3415 area, and hold. Should that price level hold, and the neckline break, upside targets are 3500, 3520 and 3558. The only way we see 3558 is if buyers are impressed with the biggest of the 900 companies reporting this week. Please feel free to check out my other ideas, I...

chartsareforships Oct 25, 2020

Clear breakout. Stops beneath 48. I hope we profit together. To get my signals before I make them public, shoot me a DM.

chartsareforships Oct 21, 2020

I'm not bullish until this bullish flag formation breaks to the upside, retests 3540 and confirms above. We can still see downside as long as this channel holds. Keep an eye! Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful,...

chartsareforships Oct 14, 2020

Low risk entry NOW. The trend is up until this channel breaks with volume. Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow...