Daily head and shoulders pattern. News from Tesla no longer accepting Bitcoin acting as catalyst to force price lower. Possible backtest of 52750-54343 before failure. Notes are posted in the photo. Will look to add more bitcoin on this dip for the long term. HODL!
$PYPL Daily Cup and Handle. Setup looks too good to be true? :) Earnings are always risky but great catalyst for a move. Upside resistance and downside support provided.
$AAPL Daily. Currently bull flagging into earnings. Last time all the big boys reported in the same week it didn't go so well....Daily RSI trying to breakout of its monhtly resistance. Upside resistance and downside support provided in chart. Will the almighty stock carry us to glory or drag us down under?
$LYFT. Earnings May 4th and volume has been accumulating in Lyft as it tries to break out of its bull flag. Dips to $61.31-60.71 should provide bounce. this is looking like a beautiful setup as it approaches all time highs. Road to 72?
$NVDA, this is a stock that looks as if it needs more time to consolidate. There is a possible day trade this week if the buyers can defend 600. Expecting retracement to the 602 level then bounce to 617 before failure. Will be a interesting week since $AMD has earnings, stock should move in sympathy.
$AMD has gone nowhere for a whole month. The stock has literally consolidated for a whole month. Weekly Bear Flag but its making higher lows.... Earnings this week, perfect catalyst for breakout or capitulation. Just watch for the break of the months range.
$TSLA Day Trade Idea for the last week of the month. Tesla has been consolidated and created a inside week. This is a beautiful and simple setup. Just play the break of the previous week range. Long 753.77 or short 691.8. RSI says its make or break time. Targets are shown in the chart
$NIO has finally broken out. Buyers defended the $34 level creating a double bottom. For now the bottom is in.... This is one of the names to watch on the dip next month. RSI approaching downtrend resistance. Expecting a retracement to $38-37 and if buyers defend that we can continue to $47. Earnings coming up, will not be surprised if they fade it.
Nio like $TSLA failed to break out of its bear flag. Chart looks like stock needs more time. More of a retracement is possible before continuing rally. Many will say this is undervalued and some will say it will go lower but perception is not reality. Just remember in a bubble no investment idea is too crazy. Longs can be taken above previous week high or into demand.
Zoom has gone everywhere and nowhere for months. Stock is heavily swayed by news of vaccines, new virus strains and the owner moving 40% of his stake. Finally a setup has a arrived with this beautiful daily falling wedge. Previous day closed as a shooting star, showing retracement is possible. Longs can be taken into demand or above previous weeks high. Since...
Tesla failed to break out of its weekly bear flag, more of a retracement is possible before rally continues. Buyers have consistently defended the lows, but fail to take out the previous weeks high creating a bullish inside week. Once we take out a previous week high the rally will be massive. The broader market may provide a pullback and rest before the melt up....
QQQ broke downtrend and then broke out of weekly bear flag. Buyers defended the lows and forced price higher. Contrary to the popular narrative of just going straight up, I believe we see some sort of retracement next week. Fill the gap and backtest the bear flag breakout before we continue higher. We are currently in a beautiful channel up. We need to absorb the...
SPY, what a journey from march lows. We broke through 400, now expecting 397-398 backtest this week. There will be no crash or selloff without the big boys of SPY playing a part. Till then it will just be corrections every now and then. Just look at the chart bears lose more than they win. They lose a mile to win a inch. There is no reason to consider shorting...