leslieyimsm

leslieyimsm

Since the turn of the year, prices seemed to bounce back up after retracing to the Demand Zones. Will it still be the case for this time around? If it doesn't, then the long term up trend line could be broken. If this is really the case, then the next Demand Zone should be the next area to be tested. This also means the remaining months will be bumpy as the...

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Calling this a ABC correction wave only because it has broken out of a long term up trend line + H&S pattern. Also, broad market seems to be weak overall. It might turn out to be a 12345 Elliot Wave, bringing it back to retest recent high, but we shall see. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If...

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I like to see ABCD patterns after a double bottom, especially with momentum strengthening. This move should pan out within a week. If it doesn't, chances are the pattern isn't playing out. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop...

leslieyimsm

Price bounced off the Demand Zone back in mid August, and also broke out of a down trendline recently. Price also stayed above the 20 & 60 MA on a 1H chart, which should mean the consolidation is done and ready for breakout. Looking to enter now. Target profit 1 at 0.575 Target profit 2 at Supply Zone Disclaimer: I'm not giving any trading and investing advice....

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Rounding bottom pattern + a triple bottom. We should see more upside for COIN moving forward! Missed the better time to enter last week when it touched the up trend line + 50MA, but we should be able to get another entry in the next few days. Entry = $249.50 Stop Loss = $235 Target Profit 1 = $280 About 2 R/R to look in some profits, and let the remaining...

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A big company with lots of potential! Fundamentally, I think it has captured lots of upside. As it continue to grow, might even be bought out by big corporations like Microsoft. Anyway, back to technical analysis. Broke out of a down trendline back in the beginning of August, and an exhaustion gap right at the trendline! Market wasted no time in closing the gap...

leslieyimsm

Sudden surge up at the turn of the year, and then quickly crash down after slightly more than a month. Looks like a pump and dump in action. Will have to dig into the company's background and fundamentals to see what's actually happening. From technical point of view, it is unlikely that this stock is heading up any time soon. Price broke below the recent $23...

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Lots of negative news around ATVI but I believe it has been priced in. Strong buy at the market might have trapped some bears. Seeing this retracement to reach between $82.70-83 area. Stop Loss at $82.80 Target at $86 Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like...

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Tiger brokerage is a up & coming brokerage firm. They seem to be pretty aggressive in their acquisition recently. The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range. The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary...

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Currently in an uptrend. Doji with increased volume on both a horizontal + trend line support. Good to enter tomorrow at market open. If it gaps, anything less than 1% should still be fine. Target profit 1 at $90, giving us about R/R 3 Target profit 2 at $92.50. Stop loss at about $78.50 Disclaimer: I'm not giving any trading and investing advice. I'm just...

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Gapped down and broke out of the channel yesterday. However, the longer term up trendline + horizontal line supported the price. The big volume looks like it has exhausted all the sellers as well. Since on a longer term MU is still in an uptrend, let's see if we can get a bounce up back to close the gap for a nice 2.5 R/R Disclaimer: I'm not giving any trading...

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Seeing some near term weakness in Gold, and I think it could go lower than my Target Profit 2 level. However, getting R/R4 at TP1 level isn't too shabby. Will reevaluate again if it does go to TP2 level. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze,...

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Main analysis is from the Daily chart. Price surged up from a month long divergence, and then a 50% retracement is not uncommon. We should expect price to continue going higher but yesterday's big red candle (BRD) seemed to have trapped the bulls! If today ends up to be a doji, then we can expect an up day tomorrow. Plus, price is currently at a support level,...

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Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months. CRM will be reporting their Earnings on 25th, and price could gap up. Stop loss can be placed below $237 . Target will be at $270. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have...

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Apple broke out of a year long ascending triangle back in the beginning of July. Right now, again it broke out of a month long symmetrical triangle with volume confirming the move. Last Friday was a doji pattern, which means we can wait and see if Monday will be a down day presenting us with a better entry. Looking at the 1H chart, there's support at...

leslieyimsm

A newly IPO-ed company that wasted no time in surging almost 10X in less than a year! Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will. With that, we can look for better entry since price is currently already near the upper channel. There's a couple...

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Technically, PLTR is in an uptrend now with registered higher high and higher low. The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us. Target profit 1 set at $27 i.e. next resistance. Will observe price action again to see if target profit 2 ($31 area) is...

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Broke out of a down trendline. Had a 10+% surge up at end of July. And price is not consolidating. Anticipating another 10+% burst up soon. Perhaps a better time to enter is when the 20MA catches up. Target profit also coincides with a resistance at about $780. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart...