chiefwils0n

chiefwils0n

Greetings Investors. AAPL formed a round top on the 120m chart, consolidated and found support at the 20 MA, so far. I anticipate a retest of resistance before the next monthly option expires (19 Feb), largely based on the momentum swing to the upside (MACD and TTM graphs). Based on this, I outline a strategy below. You can read more about rounding tops here...

chiefwils0n

Greetings Investors, I'm bullish on AMZN , based on the following: Bullish Factors: 1. Bullish symmetrical triangle pattern on the weekly chart, which indicates a continuation of the previous trend (uptrend). 2. Price has been consolidating for (5) months. With momentum shifting to the upside, when the squeeze is lifted (red dots turn to green), the move...

chiefwils0n

Greetings Investors, I'm bullish on AAPL, based on the following: Bullish Factors: 1. Bullish cup & handle pattern. 2. AAPL retraced to the buy zone, between the monthly (blue) and quarterly (orange) EMA. AAPL has a history of respecting the quarterly EMA. 3. The long candle wick on the 10D chart is an strong indicator of potential price over the next (2)...

chiefwils0n

Greetings Investors, I'm bullish JMIA based on the cup pattern formed on the monthly chart. Bullish Factors: 1. Bullish price action with strong bullish volume for the past 3 months. 2. Bullish Cup & Handle pattern on the weekly chart. 3. ATH after breaking previous resistance at $49.77 4. JMIA may build and consolidate support around $64, before...

chiefwils0n

Greetings Investors, I'm bullish on AMD , based on the following: Bullish Factors: 1. Strong Uptrend with a double-bottom bounce from the 38% FIBO level. 2. Recent bounce from the 23% FIBO level ($85), perhaps due to positive earnings (%206 surprise), but this is a cursory fundamental analysis. 3. Strong support at 38% FIBO, which is also the annual EMA...

chiefwils0n Updated 

Greetings Investors, I'm bullish on SQ , based on the following: 1. Price has retraced to a key-level of support around $210, which is also the 38% FIBO of the annual uptrend. I expect price to bounce upward from this level toward resistance at $246, which is the first target. 2. Price has retraced between the Monthly (blue line) and Quarterly (orange line)...

chiefwils0n Updated 

I'm short JMIA based on the ascending wedge pattern formed on the daily charts. Daily (Bearish) 1. I anticipate pull back to the mean average ($30), which is also the quarterly EMA. 2. Bearish Volume 3. Bearish Momentum Weekly (Bearish) 1. Bearish engulfing candle on weekly chart. 2. Bearish volume. 3. Bearish momentum. 4. Bullish Cup and Handle Pattern may...

chiefwils0n Updated 

Greetings, I'm long NIO based on the breakout from the bullish pennant pattern formed on the daily charts. Daily (Bullish) 1. I anticipate a retest of resistance at $57.33. If it breaks resistance, next target is $65. 2. Bullish Volume 3. Bullish Momentum. Squeeze Lifted 4. Bullish MACD crossover Weekly (Bearish) 1. Gap-up on weekly chart (bullish). 2....

chiefwils0n

Greetings, I'm bullish on NVDA based on the following technicals: 1. Bullish pennant formation, after cup & handle breakout. 2. Bullish consolidation (price moves sideways, while volume declines). 3. Price in consolidation at the 23% FIBO level, which indicates very strong bullish support. I anticipate NVDA will breakout within the coming weeks, and it will...

chiefwils0n

Greetings. I'm bullish on AAPL, based on the bullish cup & handle pattern. 1. Look for retrace to monthly or quarterly EMA ($128/$123), before continuation of the uptrend Weekly: (Bullish) 1. Momentum and MACD are climbing. 2. 23% FIBO is 117.96, which is first retracement level. Happy Trading! Disclaimer. My ideas are for informational purposes only. My...

chiefwils0n

Greetings, I know it's been a while since I've posted. My colleague (thanks EltJack!) spotted a a reverse H&S pattern on RKT, which I interpret as a bullish pattern. Happy Trading!

chiefwils0n Updated 

Greetings. I'm bullish on ROKU given the patterns and technical indicators represented on the monthly, weekly, and daily. The chart above is a 10D chart, which represents two trading weeks. Once price breaks above resistance at $177.54, I expect ROKU to reach $290 by April 2021. A potential strategy for options traders is to purchase deep ITM LEAPS that expire...

chiefwils0n

Greetings. I'm even more bullish on DKNG, which is currently a pullback (61.8% retracement) from the uptrend that began 08 Sep. DKNG is also at the low-end of the Bollinger Band, which indicates an opportunity to GO LONG. Support at $45, which is slightly below the 50EMA. I anticipate a retest the $64 high before options expire on 20 Nov. I'm LONG on the...

chiefwils0n

Greetings. I'm bullish on DKNG, which is currently a pullback (50% retracement) from the uptrend that began 08 Sep. Strong support at $46, which is the 50EMA. I anticipate a retest of the $64 resistance before options expire on 20 Nov (yellow-dotted line on the charts). I'm Long the 20-Nov DKNG $55 C. Happy Trading! Disclaimer. My ideas are for informational...

chiefwils0n

Greetings. I'm neutral/bullish on AAPL, based on the recent falling wedge pattern. 1. AAPL is two standard deviations (BELOW) its normal price, which I interpret as a potential opportunity to go LONG. 2. If AAPL holds long term trend support at ~$105, that would be a strong bullish indicator. Even if it breaks trend support, AAPL is bullish all the way to $85...

chiefwils0n Updated 

Greetings. I'm bullish on AAPL, based on the 4H chart in the short-term. AAPL has found support at the Quarterly (50) EMA. In addition: 1. AAPL is two standard deviations (BELOW) its normal price (RED Line), which I interpret as an opportunity to go LONG. 2. MACD histogram is trending up on 4H and D charts. 3. Stoch RSI is trending up on 4H and D...

chiefwils0n

Greetings. I'm bullish on DKNG, which just broke through resistance (with strong volume confirmation) after forming an ascending triangle. My initial minimum price target is $64, although I suspect we'll see $70 in the coming weeks. Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or...

chiefwils0n

Greetings. I'm bullish on RKT and currently have a LONG position in the stock. I notice there is divergence between the Volume Weighted Moving Average ( VWMA ) and the Exponential Moving Average ( EMA ), both of which are configured to measure 14 days of price action in this daily chart . I interpret this divergence as bullish and a potential signal to an...