APPL Has been looking very week after being unable to make higher highs. Price has falling into descending wedge after breakdown of existing uptrend. It now also cannot close above 50ema. Price is now making lower highs and lower lows. Price currently finds itself at resistance of descending triangle. Today looks to close as a gravestone doji. This will be my...
AMC A lot of bag holders were left with no popcorn Between 2020 – 2021, AMC found bottom at support area of 2.13 and ranged between there and 7.52. Late Jan. ’21 price made a parabolic move and broke out of that range. Price from there fell but continue to move and make high lows. May ’21, price found support from the 20ema at 12.20 and made another parabolic...
RIVN Another easy short trade Price in existing downtrend Price entered sideways range between 53-67 Price broke down from this range to start continuation of downtrend. Price has pulled back to dynamic resistance in 20 ema. Price in area of value, my cue to enter trade Entering trade short. Entry: 42.91 Stop loss: trailing 20ema Target: trailing 10ema
Reentering this trade from previous trade idea. See previous trade idea for details Entering trade short Entry: 7.76 Stop loss: 8.22 Target: 6.63 – 14.12% RR ratio 2.18
TTD TTD was a covid champion It saw its continuation of its uptrend start Back in April 2020 where price went from 23.00 to a high of 97.00. The trend from there weakened and price pulled back as low as 46.00. Price looks to have found support @ 56.00. In June 2021, price managed to bounce off this support level and reach all-time highs at 111. Price was unable...
AMZN Jeff Bezos holds bags for no one. He left and had a yacht made so big a country needed to put apart a bridge in order to deliver it to him. Do like Jeff and don’t hold the bag. AMZN saw a short uptrend between April 2020 thru around Sept. 2020 Price then enters a price channel with a slight upwards tilt. The channel lasted between Sept. 2020 thru Jan...
GXO Enjoyed a nice uptrend between August 2021 – December 2021 Price has made attempts to bounce back up but continues to make series of lower highs. The lower highs have now made a down trendline acting as resistance Price is currently at trendline and under 50ema Yesterday we had a gravestone doji at resistance. This is my que to enter short trade Entry:...
No Pimp in this RIDE It’s been rough for RIDE. Summer of 2020, RIDE went on a little uptrend that topped out around 30.75. Sept.2020 price topped out at 30.75 and took a sharp dip to 18.50. From there, price moved side-ways between Sept. 2020 thru Mar. 2021 when price broke down and entered a Downtrend As the price continued to move down, we saw a death cross...
NKLA I wonder how many bag holders are still holding on to dear life to this thing hoping it returns to its highs. NKLA was a Covid champion. Price soared from 11.00 to 92.00 between April 2020 thru June 2020. Since then, it’s been blood tears for the bag holders. Price came crashing back to 30.00 by Aug 2020. It moved sideways for another month before...
NKE Short will get you new kicks. Nke resumed it uptrend May 2020 but topped out at 175. After double topping out at 175, price has come crashing down. Price has now ben building up at support area of 142.55 Price is under and respecting 20 ema confirming the down move. We also now have a death cross occurring with further signaling the bear market for...
AAPL is trying but failing. Price has made a series of lower highs. Price made another attempt towards the north side and failed to make higher high Entering short trade Entry: 174.15 Stop loss: 178.50
At least the Rams won the super bowl. SOFI The company went public Nov. 2020 and it started 2021 with a bang in Jan with price going from 13 and touching 28. Since then, it hasn’t done much and has not trended. Price has been moving in a sideways channel since Feb 2021 – Jan. 2022. Between 14 and 24 A death cross occurred in Dec. 2021 signaling a bearish market...
DKNG After spending all of 2021 moving sideways, we saw a Death cross of 50 and 200 ema and price broke down and entered a Downtrend. Since Nov. 2021, price has been on a strong downtrend. The Downtrend needed a breather and pulled back in form of a Bear flag. Price has pulled back to Fib level 0.382 and we have also seen a couple Gravestone dojis at this level...
RBLX Things been ugly since Nov. 2021. After a series of lower highs there was a sharp drop and price goes into 1st bear flag. Price continues downtrend from there. Price breaks down past support area around 71. Price has now pulled back to previous support level in form of a bear flag. There is also a death cross further signaling the bear market. Price is...
VIAC - Went on a parabolic uptrend between Nov.2020 – March 2021. Price then came tumbling down finding support @ 37.65. Price also found resistance in 50ema. After much fight, buyers lost the battle and price broke down from support. Price has since pulled back to 50ema which has been acting as the dynamic resistance. This is my entry. We also have a death cross...
More red days for bad holders DOGEUSD was in a downtrend Nov.- Dec. 2021 and then entered a sideways consolidation between 0.19 – 0.14 area. Price has now broken down from sideways price channel and has pulled back looking to turn previous support to resistance. This is my entry. DOGEUSD to continue downtrend Entry: 0.1391 Stop Loss: 0.158 Target: Trail 10 ema
A lot got left holding a bag of apples. Daily time frame analysis APPL had been in an ascending wedge between Sept. ’20 thru Dec. ’21. Price broke out of wedge to all time highs. We thought this was going to the moon. Price double topped at 181.00 and was unable to continue upwards. Price has gone into a minor downtrend and broke down back into the wedge it...
Price was in Descending triangle until it broke down. We also have a death cross signaling the start of a bear market. The pullback after breakdown turning support to resistance is entry signal. Entry: 29.85 Stoploss: 34.05 Target: 12.00