head and shoulders on $AMZN daily. Neckline in red and price targets in green. With all the speculation of tomorrow's events; Powell speaking, GDP and PCE data releasing it may hit PT's before market opens :,(but hopefully not.
swing trade idea for $NVDA. Very bullish on the market in general. NVDA just completed a double bottom on the daily is looking to break out. I have my price targets indicated in green. Stop loss is the red line. I expect NVDA to hit PT's very fast most likely this week and I suggest scaling in and taking profit and signs of strengths because the market is subject...
$SPY in a very similar set up as $NVDA in my last post. Bullish wedge on the weekly in pink & double bottom on the daily in yellow. Price targets are green lines and stop loss for me would be the red line. Based off the weekly I'm bullish on $SPY on a very macro level. I think we trend upwards this week (maybe a couple days into next week to make a new higher...
a real money maker right here boa. $AMZN in a very similar double bottom pattern to previously mentioned charts from $SPY and $NVDA. $AMZN also has a stock split June 6th, stocks are known to run in anticipation to their split and I don't think $AMZN will be any different. Kind of expecting some parabolic price action. My price targets are noted by the green...
$AAPL has an "inside bar" candle stick patter on both the daily and the weekly. I expect it to trend with the rest of the market on this macro uptrend. Candlestick patterns are still a new concept to me but I believe an inside bar is the indication of a reversal of a current downtrend. An inside bar is a bar that forms within the trending range of the preceding...
$TSLA looks pretty good on the daily. Looks to have had broken out from a bullish wedge, keeping in mind this macro bullish trend I expect it to be a continuation out of this triangle. Price targets marked in green. Not financial advice
Trade idea for NVDA. Probably will have another 1 or 2 red days then I expect a nice bounce pending good earning reports. If not then "see ya" *wiz voice
$PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope. $PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7...
$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90. It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P. Generally speaking Roku usually follows $NFLX....
Trade idea I'm looking at for $TSLA this week. Currently in a gap from 857ish to 889ish while simultaneously in a symmetrical(ish) triangle on the hourly. 2 ways to play this. One way a bit more risky than the other. 1. Hop in puts anticipating $TSLA filling the gap on the hourly charts before bouncing to the top of the inside of the triangle. On the sign...
Took a $BA $150 P position before the market closed today and making a note of why I ultimately made the trade. 1. Earnings catalyst (obviously). 2. Been trading with a downward channel but broke the channel even more to the downside. 3. After breaking the downtrend $BA entered a gap made back in November 2020 from $172ish to $158/9ish (blue lines). 4. If I read...
Note of my overall sentiment of the market. It's going down. All the chop over the last year has made a (ugly ass) triple top. $SPY is just a few ticks away from reaching the neckline @ $415ish. I think one of two things will happen. 1. It will bounce maybe to the $420s to $430 and retrace back to the neckline then ultimately break the neckline 2. It will close...