kingjtimothy

kingjtimothy

Home Depot, like other equities, experienced a sell-off in recent weeks. However, it has found support at a key level. I'm establishing a position with this key level as my stop-loss, anticipating a week or two of recovery.

kingjtimothy

If you’re not familiar with Fibonacci, familiarize yourself. Right now, we have price holding the .618 or if you’re a technical analysis aficionado, we have right shoulder forming on the inverse head and shoulders. I’m looking for a break out of the downtrend and a larger move up.

kingjtimothy

Sea Limited spent months in the accumulation phase. Recently, it broke the downtrend and consolidated during the retest. Now we are waiting on breakout and a move to the upside. Giving the strength it is showing during the Mag7s fall, it’s clear this ticket is apart of of a rotation you don’t want to miss.

kingjtimothy

The markdown phase refers to a period in the stock market when prices of securities decline after a prolonged downtrend or consolidation. During this phase, sellers outnumber buyers, causing prices to decrease. Investors may sell off their holdings due to pessimism or loss of confidence in the market, leading to further downward pressure on prices. In the markdown...

kingjtimothy

Bearish divergence in stock trading occurs when the price of an asset forms higher highs while the corresponding indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), forms lower highs. This suggests weakening momentum and potential for a downward move in price. The possibility of a move down depends on various...

kingjtimothy

NVDA recently broke out of a falling wedge. After breaking all time highs, and making a 10% correction, is this their a shoulder being formed that will reject at the target of .618? Who knows. All I know is I will trim my position at this fib level and look to short at that time with a tight stop loss if price action says it’s ready. Join me.

kingjtimothy

After trading a position from support to resistance for months. We are now seeing a break above resistance. Since I played from support, I’m currently in a position. However I’m selling into strength in preparation for a retest. If it holds, I’m looking to go long for longer.

kingjtimothy

AMZN has negative divergence. The pattern is a rising wedge but the RSI has been sloping downward. With earnings near, this play could defy gravity. I’m viewing this set up as merely a squeeze. I’m going to wait until earnings, influences the direction and then ride pony in that direction.

kingjtimothy

After an impulse move down, AMD is showing balance at a key level. A move away from this area should be violent. Wait on the break and hold to enter.

kingjtimothy

UPS comfortably consolidating on a monthly support level. I’m looking for a breakout to the upside - above level 154.50. I have a 3 month time horizon and looking for a 20 point move back into supply.

kingjtimothy Updated 

SMCI made money for many. I think fair to say people are cashing out. We have a broken trend line and a right shoulder rejecting perfectly at a fib level. I don’t know if we break the neckline with buyers below. However, I do believe we small sell off as people look to cash in on their gains. Followed by a nice bounce with people who are dying to get in. I’m...

kingjtimothy Updated 

OXY has converging lines of resistance and support. Usually this means big move incoming. Waiting until a break and retest before entering.

kingjtimothy

As we know, last week there was bearish divergence. Now that we broke trend, there’s a magnet pulling price towards the next level of support. This has made my top watch next week as I’m hoping for continuation to gap below at 200.

kingjtimothy

XOM near ATH. With Bearish Divergence on the Monthly, I’m expecting a break out and rejection. Once the shooting star candle forms on the weekly, enter below the close with a 5M time horizon. I’m eyeing the 105P or 100P for September. Judging by Volume and Open Interest, I’m expecting a large move down in conjunction of an economic event.

kingjtimothy

Obvious Bearish Divergence should be ignored until we hit the 300 area. Currently we have a bearish pin bar on support. Enter at this level and place the stop below the low of the candle. Catch the last impulse wave up and cash in.

kingjtimothy

NVDA with a to the penny bounce on a trend line. This converging line is apart of a price pattern that usually means “go long”. If we are right we are rich. If we are wrong, we’ll know quickly. No better place to buy.

kingjtimothy

Yesterday offered a retest after a break of all time highs. As long as we hold this level, hold off on shorts. I'm looking to grab SPX 4250C for Friday. I'll take an early entry and lock in a fast 40%. Nice Play. Nice Day.

kingjtimothy

Tesla has a Bear Flag. This is a high probability continuation pattern. I believe this is the last leg down before we head up. The upper red line is my SL. I'm riding this one out on a monthly contract.