skmcgee

skmcgee

Heres my view on CL. as can be seen on the daily, we are in a downtrend since Jan, current market conditions are not helping that by any means but I dont believe the downwards momentum is over yet. We have bullish divergence on the MACD but in my experience divergence on the MACD rarely works out, maybe we will see some short term upside. what's really pushing me...

skmcgee

Please see previous post about PENN regarding analysis. summary of it (short term downside, long term upside) always do your own analysis before placing a trade. this is for education purposes and not investment advice.

skmcgee

PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate...

skmcgee

if NXPI can hold the trend the line on the 1 HR I believe it will continue to push higher however it does have some bearish indicators such as decreasing momentum and a bearish cross on MACD. if it fails to hold the trend line I believe it can drop to the nearest resistance. the 4 hr looking somewhat bearish but the 1 day looks bullish overall. *NXPI Is being...

skmcgee

The powerhouse of stock, TSLA, has been getting hit hard giving a great opportunity to buy on sale. currently we can see that its in a pennant on the 1 HR and but decreasing TTM_Squeeze and possibly a bearish cross on the the MACD. Given that the market seems to want to continue upward I think Tesla will help push it. Waiting to see how tomorrow moves, If it...

skmcgee

BIDU is a ticker that has recently been beat down. Looking at the four hour we can see that its in a falling wedge, a bullish pattern. we have a cross on on the MACD and a TTM that shows an increase. short term still seems a little bearish and an inverse cup and handle can be seen however it seems that tech is making a strong come back and hopefully that...

skmcgee

I expect some very short term downside to finish this week. As can be seen on the four hour chart, rising wedge within a downward bearish channel. For short term I expect it to fall to position 5, finding a bottom and then reversing. Looking at the day chart I think its possible with the TTM squeeze turning positive as well as a possible cross on MACD we break...

skmcgee

Hey everyone, Heres my quick analysis on SPX the past two weeks have been choppy up and down. as of right now we are pushing back to ATH, using fib lines I I have plotted were I believe we can see price move in the short term. Im not quite sure we will continue bullish in complete honesty. I think we pull back one more time before we push forward. Make sure...