ericisom887

ericisom887

LULU has confirmed that it is now in distribution territory. There's a possibility it may test it's previous ATH before dropping further, but I have 2 price points: Conservative: 278.47 Aggressive: 250 Range Price point of Invalidation: 325

ericisom887

Overall the denial at the 200 day moving average is a very bearish sign, but it appears to be re consolidating for another move upwards. If this stock falls below the 0.618 support zone all cases for the bullish rally can be thrown out the window. In fact I think a retrace dwon to that area is very likely to try and squeeze out retail investors; would wait for a...

ericisom887

Tyson Foods has seen some serious sideways action since the coronavirus price correction has begun. Though it appears that a majority of this price action is accumulation. The highs are consolidating at higher lows and on it's recent breakout attempt it stayed above the 0.618 Fib Retracement. This thing looks poised to make a big move. Stoploss: 59.83...

ericisom887

Took a little bit of time and charting, but to fully explain where we're at and why we could go bullish given Coronavirus and everything is pretty simple: Most crashes in the market happen out of liquidity concerns with banks, this or obvious overvaluation in stocks. The Federal Reserve is keeping liquidity alive in the banks for now through repo markets. Also, we...

ericisom887

Maybe, just MAYBE I've had a little bit too much hopium to drink. But I'm rather confident, this isn't the bear market everyone had been cheering for. Yes it's a size-able pullback, no doubt about that, but I'm still fairly confident the overall top before more bearish correction is in the $340 range. So please, unless we have a break under 296.20 - and I mean A...

ericisom887 Updated 

Today the Federal Reserve announced they won't be increasing interest rates until 2022 . Additionally, in other terms basically confirmed they'll continue purchasing MBS (Mortgage Backed Securities) and other assets to keep credit markets running smoothly. I think people are getting a little antsy, but this market is CRAZY. Local support point: 3153.40...

ericisom887 Updated 

HIGH KEY I really wish I posted this when I wrote this up 2 weeks ago, just bear that in mind people who are drinking the tsla hopium, retrace likely around the $1,049.55 mark.

ericisom887 Updated 

Alright - this is a play for the degenerate gambler. If you are one of the dudes who buys lottery tickets from the gas station or puts it all on a number at the roulette table, this play is most likely for you. The Play BGG has been in a 2 year bear trend and has recently broken out of the trend line holding that downtrend in place. Basically, we're betting on...

ericisom887 Updated 

NKLA has had a MASSIVE recent run so this is more of an attempt to look at the short temr price action we've seen rally up in the past day. I believe the $77-$80 is the final price range we'll see before having a strong correction wave. Price range before correction: $77 - $80 Correcttion price points: 61.64 and 50.52 various points for how aggressive you are.

ericisom887 Updated 

LYFT Is In a long-term downwards trend, and it ALWAYS fails to rally at the 50% Fibonacci retracement. This is marked out with a white dotted line. If the price surges past it, it's definitely worth riding to the projected take profit.

ericisom887

I'm fairly bullish on BGG, not from any fundamental standpoint, but this stock has existed since 1969, and afer being in a mult-year bear market, the price has finally come down to it's price as a stock when it had it's first IPO, in 1969. I'm not looking for super long-term, but over the next 2-3 months I believe people will potentially FOMO into this stock. I...

ericisom887 Updated 

323 Price Range will be that ATH lulu hits before facing a retrace. The price levels to eye for taking profit on this retrace are $286 and $263, depending on how aggressive you are.

ericisom887 Updated 

41.60 this is the price-point MRVL will most likely hit before seeing massive correctional activity.

ericisom887 Updated 

44.66 is the price point I see it hitting before a strong retrace begins, the bull case for this stock is very good, however, we're hitting ranges of 400% returns just from those who entered in April. This was my Elliot Wave Count, and this is my prediction for what's to come. May be completely wrong, but let's see :)

ericisom887 Updated 

Currently the primary resistance we're seeing is at the 0.382 Resistance area(price point 421.37, It is possible for NFLX to rally beyond this to the seconday resistance point of 428.53, if this line breaks, it's likely NFLX is not in a corrective wave form and could even reach to see newer highs. Price Target: 376.00

ericisom887

Looking at the double top that has formed additionally to all the news lately, I find myself being bearish. If this momentum curve is invalidated then I would be switching sides.

ericisom887 Updated 

It seems that this may not be like all the other bounces on the S&P 500, I think this was the last moves of an impulsive wave and another corrective wave will soon follow suit.

ericisom887

It seems that today the S&P Has failed to rally at a new high - a potential trend change is in the cards. These are the potential channels the price could be moving in, I would NOT long until it breaks out of the very top channel (white line)