spiritualhealer117

spiritualhealer117

Recently GLD has followed a set of movements which have an uncanny resemblance to what happened in 2021. The last time this set of movements happened, it was bullish and returned around 13% in a month. This is combined with a strong support level at ~$158, a bullish inverted hammer on the previous bar, and two recent doji stars, which indicate that the downtrend...

spiritualhealer117 Updated 

EBS is currently hitting a critical support level around the 25 levels, which has been tested multiple times as key support and resistance level since 2009. I am planning on buying at this current level, with a very high-profit target and a tight 5% stop loss below the support level. The ATH is over 400% above the current price, so there's a lot of upside...

spiritualhealer117 Updated 

Unity has broken out above its recent trading range, and now has large potential upside. I'm targeting roughly a 40% profit to the nearest pivot level.

spiritualhealer117 Updated 

$LRN has been trading in a bullish channel for over a year now, and now is retesting the lower end of the channel's support. I'm entering a long position as the previous two candles were a doji and inverted hammer, both being strong signs of reversal. Additionally, at open, the stock gapped down below the lows on both the previous two candles, giving a good...

spiritualhealer117 Updated 

The moving average 300 is an indicator of trends for the S&P 500, and prices often tumble to it during bull market rallies or bounce to it in bear market rallies. Currently, $SPX is making a push towards the moving average 300, which is currently‘ at 4350.34. At this level, the volume histogram indicator across a 200 day timeframe and 500 day timeframe shows that...

spiritualhealer117 Updated 

A few days ago, NVAX gapped down 30 percent on a large earnings miss. This means that now NVAX is down over 87% from its ATH. Why I think NVAX is a buy right now The stock had a minor rally off a long term support level extending to 2020, and has higher lows than during the previous rally off this support level. It is trading at a heavily discounted...

spiritualhealer117

Recently, across all major market indices, the market has entered bullish trading channels, and is trading above the 14 day, 50 day, 100 day SMA, however, yesterday, bears took over the market, resulting in bearish candlestick reversal patterns happening in the S&P 500, Russell 2000 and Nasdaq. In the market, many stocks have had breakouts and gaps this past week,...

spiritualhealer117

SPX has successfully managed to break above a key resistance level around 4100-4150 and in doing so has crossed over the 300 day ema. It's likely that we will see a test of the 300 day ema and resistance as a support level in the short term, but overall, this is bullish in the long run, and signals that we are back into an uptrend.

spiritualhealer117

Yesterday, TLRY stock went down 10.7%, crashing along with other meme stocks. On the short term it bounced against strong support at the level around 3.8. Interpreting the crash as a bearish engulfing, the nearest resistance line would be at 4.44, whereas on the downside, below the current support level which is being held, there is another clear resistance turned...

spiritualhealer117

On the 29th of July, $HIMX gapped down after lowering its guidance and paying a dividend. I entered a long at $7 a share yesterday and am targetting a trade to fill the gap. $HIMX has just broken above its pivot area around 6 - 7, making it a strong level of support, and has shown a flat and wide U-shaped recovery, which is very bullish as it shows strong buying...

spiritualhealer117

Yesterday, Unity ($U) shares plummeted 17.45% after the release of news that they were acquiring ironSource ($IS) for $4.4B. The NDO 50 indicator on the bottom was green for the day, showing that there was an incredibly abnormal volume yesterday. Interestingly, despite this large selling volume, the short volume was actually fairly low for the day, as shown by...

spiritualhealer117

The chart of $SPX shows that bullish buying power is weakening, as each consecutive high volume rally has decreased in size. Additionally, support and resistance are forming a naturally descending channel. As buying pressure dies out, only selling will be left, which could cause enormous declines in overall prices. In terms of macroeconomics and...

spiritualhealer117

The S&P 500 is still far below its trend lines, market sentiment according to CNN is in extreme fear. Volume is rising as prices drop, reflecting this fear. I believe in the short run the stock market has a lot of room to fall quickly. The stock market gives an annualized return of roughly 8%, but even with the drop, the s&p is still far in excess of the annual...