chiefwils0n

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Greetings. I'm bullish on TSLA. Don't let the news cycle or recent bearish sentiment obscure the "big picture." What we're currently experiencing is a reversion to the mean (average) price of TSLA based upon the current trend. When TSLA hit a high of $502.49, it was two standard deviations outside of the normal distribution of price. In other words, it was...

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Greetings. I'm bullish on RKT largely based upon the C&H formation, which is a bullish formation. RKT IPO'd last month, so there isn't enough historical data to determine if this is truly a bullish trend. I'm naturally optimistic and therefore have a bullish bias. Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not...

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Greetings. Call me crazy, but I remain bullish on MRNA despite the descending triangle on the daily chart, which is usually a bearish formation. Why? Because, I've seen this before, with TSLA. And then, Boom! Price exploded to the upside. When volume falls in tandem with price, I interpret this as a bullish signal. In addition, momentum is shifting to the upside,...

chiefwils0n

Greetings. I'm bullish on COST after analyzing the monthly, weekly, and daily charges. COST is in a strong bullish trend, and while the indicators show signals that security is on the brink of "overbought," I anticipate more upside with a target of $385. The line that previously acted as resistance, now offers support for COST. The options activity surrounding...

chiefwils0n

Greetings. I'm slightly bullish on DKNG based on the weekly and daily charts. However, with the frequency of buying / selling of shares, I assess traders and investors are still nervous about the correlation of the company's revenue to the COVID-19 crisis. No sports means less bets, and less revenue for this company. However, look at the upside potential. What if...

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Greetings. DOCU is in a very strong bullish trend. I've analyzed the monthly, bi-weekly, weekly, and daily charts and I assess the bullish trend continues, despite the high deviation from the 21 EMA. I anticipate a price move in tandem with the earnings report on 3 Sep. If price breaks above resistance, I anticipate a $275 price target before 16 Oct, based on the...

chiefwils0n

Greetings. I trade options, which has allowed my portfolio to appreciate much faster than trading regular stocks. In light of this, I offer a basic Options 101 tutorial. Enjoy! Happy Trading! An option is a contract giving the buyer the right but not the obligation to buy (CALL) or sell (PUT) an underlying asset at a specific price (strike price) on or before a...

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Greetings. I’m slightly bearish on DOCU based on the potential head & shoulders pattern forming on the daily chart. The weekly MACD (not shown) is currently bearish. I also notice bearish divergence on the RSI indicator, which indicates that demand for this asset is waning and the trend may reverse into a bearish trend. Happy Trading!

chiefwils0n

Greetings. Here's a concise tutorial on the classic cup and handle pattern. Key Takeaways: 1. Cup and Handle (C&H) formation is a bullish reversal signal. 2. Investors take long positions, when price breaks above the trend-line of the handle. 2. Investors can use a 1:1 minimum price objective for targets. Sources: 1. Lim, M. A. (2015). A Handbook of...

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Greetings. I'm bullish on AMD, based on the pennant pattern forming on the daily chart. AMD was in consolidation for (3) months before making an explosive move to the upside on 22 July. I expect the uptrend to continue, although AMD may decide to consolidate longer before continuing the bullish trend. If price breaks above resistance, my initial target is $100....

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Greetings. TSLA formed a bullish morning star pattern on the daily chart. I anticipate a new $2500 price target. ------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such...

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Greetings. I’m bullish on MSFT given the ascending triangle pattern forming on the daily chart. If price breaks through resistance, then I anticipate a bullish move with an initial target of $250.

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NFLX broke outside of a channel to the upside, after forming a double bottom on the daily (11 Aug). I'm targeting $600 based on double bottom pattern theory. Happy Trading! ------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other...

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Although NFLX formed a double bottom on the daily, the right trough is lower than the left, which gives me a slightly bearish indication. In addition, the weekly chart, shown below depicts bearish momentum and a bearish MACD. At the same time, the daily chart indicates bullish momentum and a bullish MACD. Conflict! In cases like this, the smaller timeframes react...

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Greetings. MRNA gapped up this morning and broke outside the falling wedge pattern (bullish). An $80 mid-target will make the case for MRNA much stronger. Happy Trading! ----------------------- Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or...

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Happy Trading!

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Greetings. NIO indicates that it needs more time to develop solid structure prior to a bullish breakout, so I've extended the timeline. When price breaks above resistance at $16.44, the target of $24 is in play. Until then, I expect NIO to fill the space between the blue trend line (acting as support), and the red line (acting as resistance). If NIO breaks...

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Greetings. Is AAPL overbought? Yes. Is AAPL trading two deviations outside the normal trend? Yes. However, my philosophy is to "trade the trend." Don't anticipate the market; instead, participate. Currently, AAPL hasn't given any signs of slowing down the recent uptrend. In fact, if you look at the Accumulation / Distribution indicators, demand for AAPL is...