miguelsique

miguelsique

Weak dollar usually means strong metals like Gold. XAUUSD is having a really nice set up right now to go long.

miguelsique

follow the trend.

miguelsique

SPY has been respecting that long vertical trend line that has been followed since November. Today it made an attempt to close under it but price was pushed up during power hour. There is a chance this might be the reversal. However, If we open below then price might tank toward that 26 MA level, which is around 356. looking at the weekly chart on spy, the blood...

miguelsique

If you did not get in at ADA at the levels in between 1.05-1.09 you might of missed an opportunity to maximize profit. There is a very small possibility we might see .88 but based on the MACD, confirming a reversal, we might not. current levels are still good to get in at 1.12. I think now we might start seeing Cardano make another attempt for new ATH.

miguelsique

IBM might shoot up in the next couple of days. But knowing the nature of this stock it will be only short lived. hope i am wrong but my target is possibly 128-132.

miguelsique

TSLA has gotten out of its long and consistent channel. I would be careful at these levels still if you are trading options. for those that are long term investors it would be a good buy now or you can wait if tesla goes back into its channel. Just remember usually after a break out price always retests previous support/resistance and heads down or up to its new...

miguelsique

Seeing a possible bull trap with BA. that 220 is a strong resistance area and it might want to make an attempt to touch that area but seeing the volume and the amount of buying power diminishing might signal a reversal to the downside sooner then expected. BA might want to follow the trend line to the downside first before we can go up again.

miguelsique

Just to add on to my Spx500us analysis. Am I seeing a possible hanging man reversal in the daily time frame? The buying pressure in the MACD is staying stagnant above the 0 line. Almost all major S&P are overbought or in the red. so what exactly is making this go up? possibly mid cap to low cap stocks are being traded and Thursday or Friday might be a profit...

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There might be a decent drop tomorrow or possibly friday. In order to go higher we need a pullback for a healthy market. Do not see this as the big drop as everyone expects but I feel as though the market will go more higher before a market correction. SPY also shows a hanging man on the daily and we know that the SPY is well correlated with the S&P 500. we might...

miguelsique

Great trading session on snow today. looking at the hourly chart we see that again, SNOW price rejecting that 298-300. the last time it touched this area the candlestick for that hour formed what appears to be a dragonfly doji. Great bullish sign for Snow to finally make a move. Additionally, The Golden Cross is beginning to come into play which is when the fast...

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QCOM dropped heavily today after investors being disappointed with Qualcomm's 5G expectations. Even after a heavy correction of 10% from two days The price action with in QCOMs channel is still being respected. This might be a great opportunity to buy the dip, But I will wait because the price might want to fill the following gaps the stock made a few months back....

miguelsique

Not too much action today on SNOW. further consolidation between the 310 area and 300. If price falls below 298 then this trade might be considered invalid. but so far its been rejecting that range between 298-300. We need to see an accumulation of high volume tomorrow to see that massive uptrend many of us have been waiting on. after breaking out of the...

miguelsique

Spy is still trading within the trend channel that began back on November. as of now it looks like it will start trading under the 20MA. If SPY does not go below the trendline it might trade in between the 20 and 50 MA until the price decides what direction it will take. As the title states, I am more bearish as I have seen many stocks at overbought levels. even...

miguelsique

This one might take off soon. Might want to fill in that gap from May.

miguelsique

AMD looks like it failed to continue its bullish run after breaking out of the previous trend it was in. There is still a chance AMD can recover if it holds this area and pushes above the 20MA. However, this will confirm a triple top if it fails to go into ATH. RSI shows AMD has been sold aggressively so Bulls might want to capitalize on these current price levels...

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Ethereum shows a golden cross over in the weekly chart. showing a sign of its continued bullish run. However, that is only one indication we still need further conformation this will continue. I expect ETH to drop just under 1200 and it has to hold or we might see a reversal to the downside. this might be a final opportunity to buy ethereum before it becomes to...

miguelsique

Looks like RKT may actually start running this time as we see a true break out now. my previous posting of this stock failed to break out with enough volume this time it shows signs of life to move up higher as it has been consolidating for a few weeks now. if the current price level can hold then we will see RKT start running a bit higher.

02:33

miguelsique

Hey guys just wanted to do a quick analysis on twitter. was expecting TWTR to reach 50 before it went back down but that did not go well. Its volume slowed down sooner then expected so I am seeing TWTR to go back down to 42 before it starts to go back up and make a recovery. Twitter has just been getting hammered by many negative news. The first was banning trump...