we'll see if 29 is rejected or we blast through it. above 29 will mean we can possibly retest 31. these are the exact same conditions that turned out bullish from last week.$VIX still has sturdy support and steadily bouncing from resistance + oil is still looking bullish and breaking new highs + $SPY with a triangle on the chart which will determine where we...
below 29 for $VIX + $ES above 3130 will mean more bullish action and possible retest of 3200. $VIX bouncing off 30 is a level to watch.
$VIX is holding up strong. looks like $SPY might reverse heading into 4th of July
short or buy puts. we'll see a gap down to 195 tomorrow. $VIX is holding up strong along with $SPY so jump in small IMO
two bullish patterns? looks like were heading to fear ridden week. play safe and small
watch 1.45 level very carefully. at this point 2.15 is the target after we set up at a good support at 1.40 level
1.27-1.30 was major support but we bounced back. we might see 2.00 soon IMO
watch these levels. double top forming
$MSFT bounces off that strong resistance at $200. looking like a correction, leg down to 180. descending forms: lower highs and flat lows and a volume divergence: the price is going up but volume is decreasing. when i look at it fundamentally, i think every company is super overvalued, we shouldn't be at all time highs even though i don't think company would get...
$lyv been getting on my nerves. super overvalued. it's at $46 even with nobody going to concerts. I have no idea what is propping it up but IMO feel like fundamentally this stock should be bleeding out just like the airlines/retail stocks but somehow it's comfortably a float.... until now. saw a head and shoulders pattern, it broke a pretty strong support at $48...
COVID-19 plays are very hot ATM. One of the most consistent themes that have the most runners. Trinity Biotech has reported that they have been awaiting approval for EUA from the FDA for their COVID-19 tests called "ELISA" . $trib claims their tests are a lot faster. They've ran up to double digits during past pandemics so this play could very well likely also be...
two scenarios here. it could be a bullflag (bullish) or a descending triangle (bearish). wait for confirmation on either one before a trade. i advise to play small if you depend on the upside of pennystocks that don't fit the COVID-19 theme. $visl already had a %120 run in the past few weeks.
3.30 for the 1st bullish target /2.16 for bearish. 2.52 is support, today will determine a bounce or correction to 2.16 bullish would be a double bottom but a descending triangle would make it bearish too
we've seen $baba make monster moves with volatitilty before. breaking out 226 might give us newer highs
good covid-19 play. upwards of .72 is a dollar. if PR actually comes we'll see more than a dollar.
We see the pullback did not go past 23.6 retracement if we see the price below 192 it means will we test the next support if we breakout 194 we will see 200