Keeping it simple TQQQ Multi-time frame analysis Daily chart – Long term Pretty clean straight forward chart. In this one we can see the different stages of the market. After topping out in Aug. ’18, price entered a “sideways” market between Aug.’18 – May’20. The “sideways” market was deemed an Accumulation stage after price broke upwards and entered Uptrend....
GM About to blow. After receiving those COVID bucks that propelled its stock into a nice uptrend, GM spent most of 2021 in a distribution stage, forming an M-top pattern. The price entered a downtrend in February '22 and finally found support in July '22. The price entered a sideways range, initially resembling a rising wedge but later developing into a...
ORCL Was in an uptrend the 1st have of 2023 topping out in June 2023. Price then started to move sideways and formed a what looks to be a M top pattern. Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short. Entry: 110.07 Stoploss: 116.48, -5.82% Target #1: 85.00, +22.78%, 3.91 RR...
CRTO Daily chart analysis CRTO bottoms out at all-time lows Mar.’20 at around 6.45. The freshly printed covid bucks sent the stocks into uptrend up to 45.50 The stock eventually starts moving sideways in form of an M top pattern with a neckline/support at around 34.00 Feb.’22, price breaks down from M Top pattern, signaling the start of downtrend. Price enters...
SNAP Daily chart analysis The influx of freshly printed Covid bucks propelled this stock into an uptrend between March 2020 and July 2021. After reaching its peak in July 2021, the price entered a sideways market that collapsed at the end of October 2021. This collapse initiated a sharp downtrend, persisting from October 2021 through October 2022. In October...
Trend confirmation Weekly Chart analysis SPX vs RUT My analysis is based on the Dow Theory's 'Concept of Confirmation' to determine the primary direction of the stock market. In Q2 2020, both the SPX and RUT entered an uptrend. The RUT reached its peak in March 2021, and the uptrend came to an end, with prices moving sideways. Meanwhile, the SPX continued to...
Ebay. Bid on this. Ebay was in an uptrend that reached its peak in September '21 when the price entered a distribution stage in the form of a Double Top pattern. In December '21, the price broke down from the Double Top pattern and entered a downtrend. he downtrend persisted, making lower lows and lower highs from December '21 through October '22. The price...
YUMC YUM! After running into major resistance level between Mar.’23 – May ’23, price has formed a Downtrend channel. The 1st entry short entry was July’23. Price found itself at resistance level of channel with “over-bought” Stochastic reading. See #1. Price now finds itself again at the channel’s resistance level with an “over-sold” stochastic reading. See #2....
SBUX SBUX has been a volatile stock since 2018, a characteristic that tends to be unpopular among investors. Between April '21 and January '22, the price entered a distribution stage, forming a Head and Shoulders pattern. The breakdown of this pattern, along with a Death Cross signal, marked SBUX's entry into a downtrend. The downtrend persisted until May '22...
SKYW Daily chart analysis On every rally since 2020, the price has continued to form lower highs ever since the impact of COVID-19. The high point was in January 2020, and subsequent rallies in March 2021, October 2021, and August 2023 all failed to surpass the previous high. After being in a downtrend throughout 2022, the price rallied and then pulled back for...
GME Why hasn’t #Wallstreetbets save their fanboys? GME Weekly chart analysis Let’s compare 2021 vs 2022 Pretty clear and straight forward. 2021 Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65. Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55. These Lower highs into support area...
DKNG Price was in an uptrend from January '23 through July '23. It then started to move sideways between July '23 and September '23, forming lower highs into the trendline. The uptrend was finally broken in late September '23/early October '23. Now, the price finds itself at the resistance level of the previous uptrend and at the downtrend line created by the...
TTD Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend. After uptrend was broken, price started to move sideways and had formed a descending triangle. Price finds itself at resistance area of triangle. Will be entering trade short. Entry: 82.32 Stoploss: 92.45, -12.31% Target : 42.61, +48.24%, 3.92 RR ratio
F F me? No F you! Daily chart analysis The current Ford chart has a very familiar look to it. If you pull the BTCUSD and look at the period between Dec. 2017 – Nov. 2018, you will see the noticeable similarities. You have a Parabolic move to higher prices, a crash back down, following by price forming a descending triangle with lower highs into support level....
MRNA Lol Remember Covid? Nancy Pelosi and her goons made so much money off MRNA. Outrageous the amounts of people that pinned this rushed garbage. Crazy to see the vaccine that “saved the world” tank so hard. This junk topped close to 500.00 and it’s been on a downtrend since. It currently finds itself at 122.50 with no signs of the downslide stopping....
SOFI Daily chart analysis Between Jan.’21 thru Jan.’22, SOFI was in a Distribution stage. The Downtrend place between Jan.’22 thru May.’22. After bottoming out in May.’22, price entered a sideways market seeing price bounce around between 4.80 – 8. In June '23, the price broke upward from a sideways range. Between the breakout and September '23, attempts to...
KSS Shedding weight Companies continue to shed away all those fake Covid bucks that were pumped into the system. If a company hasn’t done so yet, then they probably will start soon. KSS bottomed out April ’20 and the fake covid bucks sent it into an Accumulation stage. Nov.’20 price breaks out and enters uptrend that tops out May ’21. Golden cross provide some...
EBAY I love shopping on eBay so I won’t enjoy this one as much. Daily chart analysis After reaching all-time highs back in Q4 2021, eBay entered a downtrend (under 200ema) for most of 2022. So far thru 2023, price has pulled back (to 200ema) and has been moving sideways (Distribution stage) in form of Head and Shoulders pattern. Want high probability trades?...