Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are...
New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
PLTR I've decided to go short right here. Its currently within a reverse extension 1.618 Golden Window from the first wave up. And that is within the retracement Golden Window. The current wave up has breached into higher liquidity above the upper ascending wedge trendline. So as we looked at before, if it tops here it can be a head & shoulders pattern or a...
The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven...
What Did Buffett Say at the Shareholders' Meeting? Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99. Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing...
Checking up on our NASDAQ:TSLA play, we can see that NASDAQ:TSLA gapped up strong on earnings with a nice run off our bottom trend line. Zooming in on the Daily we can see a classic Wash, Trap Squeeze pattern emerging. The conclusion of this pattern will lead us to grab Liquidity at the 205, 220 and top out around our upper trend line around the 240ish...
5/6/24 - vrockstar - not gonna short this b/c i agree w the bulls on the "LT" here... but nearly 20x sales, pretty forecastable model and unlikely to "smash" raise limits my interest in a heady tape. keep in my any big upside probably gets distributed/ sold down (there's your short if so inclined/ possibly ex post). any miss or growth reset dumps this 20%...
With the rejection of $21, NYSE:PLTR looks set to fall to new lows. I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2. This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels. Let's see what happens over...
hi traders Let's have a look at WMT on 4h time frame. WMT has been consolidating after hitting new ath. Bullish divergences formed , but we the price may get rejected at 100 SMA (Red line). If it gets rejected, wait for a pullback and buy at 58.95 $. Target and stop loss are shown on the chart. Good luck
Concerns over weather and the potential for climate anomalies have seen a bullish trend in wheat recently. However and as analysts are at pains to point out, fundamentals on the ground like ample supply are still bearish. But now that wheat has broken through the 200MA in white and consolidated, it's possible that bullish sentiment may remain into the new week....
Here is a chart of SPY with the support and resistance outlined based off volume. TA can help you predict where price can go, and based off the current level its going sideways. This coming week we have earnings and FED speak on Wednesday from Powell. With inflation elevated and not appearing to decrease we can hear the same rhetoric from Papa Powell himself....
www.washingtonpost.com Now they need to find a reputable firm, the financials will be more reflective of the ACTUAL heath of the company
This up move is different, It started with GREEN UMVD and now Green TrapZone is also showing up. Current bars are Gray so we must wait for GREEN Bars to enter when up momentum resumes. If we break both angles going UP , down trend may resume so keep you Technical Tools handy :)
TESLA Chart Analysis.........07/05/2024 Long: already at 140 level. Sl : 100 closing basis Target : 400 / 600 Enjoy ! Note : Bullish Pennant pattern in TESLA weekly chart. You have to book some profit at 400 level and also trail the stop-loss in the remaining positions.
Hello everyone I think we should wait again for this symbol and let it to show us what will make in this channel. Note : sometimes you need to draw your channel so soon and one of my techniques that help me to trace more reliable channel is find as many as reactive points between the midline of my channel and minor pivots. To make it simpler let me show you in...
AMD on the Weekly is showing Potential MACD Hidden Bullish Divergence above the Weekly Support floor and the previous 0.886 Resistance. If it plays out there is room all the way up to $232.37 that AMD could go for.
Yes. This is quite the Love-ly set up. Inverse H&S looking good with volume by its side. 200 is POI for take profit. Let's see what happens