jbs2016

jbs2016

NVDA is flashing us with nice little wedge on the 1 hour chart. If NVDA holds the angled support line into Monday morning, we could definitely end up breaking out of the wedge in a bullish direction. Once the wedge breaks, we could potentially see a straight shot to the gap fill target of 125$ or even into 130 in the latter half of this month.

jbs2016

Fedex took a 10% dip today based on their earnings report on Sept. 19th, 2024. Their profit showed a decline of profit near $382 million year over year. However reading into it, they invested heavily in cost reductions and optimization that should start being evident in the next year or so. Fedex right now seems like an undervalued stock pick. We could possibly...

jbs2016

Nike took a massive hit over the summer and gap down quite a bit. This leaves quite a large amount of room for correction in the future. I looks as though the stock has gain support in the long position and is hunting down the Gap Fill Target of 94$.

jbs2016

Massive Cup and Handle perhaps? It looks like Bitcoin might be ramping up into the election season and might even tease some new highs. This is a nice looking setup. A trump victory in November would more than likely push bitcoin into some uncharted territory. The election will be a major swing factor these next few months

jbs2016

Alright, nothing too crazy, but its worth noting that SNOWFLAKE has flashed what looks to be a TRIPLE BOTTOM. I don't have a lot of confidence in this though. It looks like its gearing down towards its resistance at 110 again. I will be watching this for the next month or so. I think another break of that resistance could push it down into some unmarked territory...

jbs2016

I think APPL has the potential to be a runner into the end of this week. Once again this will hang onto whatever the FED says. If the overall sentiment is good at 2pm on Wednesday, I think we can see a green session or two back up to the price before the Gap Down. Id love to see 223 again by Friday.

jbs2016

QQQ has already been volatile as it is , but with the FED announcement coming tomorrow it should allow for a great trade or two. It looks as though its direction will swing almost entirely on the rate cut amount. It wouldn't shock me that a 50 point rate cut might shoot the QQQ past 484 ish and maybe even 490 in the next week, where as a 25 point cut might drop it...

jbs2016

Tesla is narrowing in on its 234$ resistance line. The wedge forming looks to be setting up for a breakout late this week or early next. It looks as though if it can smash its heavy resistance at 234, it has room to run up to its gap of 246$. Then it may have room to run up to its 52 week highs in the 4th quarter.

jbs2016

Not the prettiest chart out there, but I'm starting to watch to see if the cup and handle may come to fruition.