As long as 180 holds, look for a push in the coming weeks to 220. Bearish technicals lost all momentum last week and things are curling upwards. For entries i like either a buy off 180 test or a break above 190. Once price leaps over 197 the next target will be 208 or 21ema.
Interesting week ahead I could honestly see us making new ATH again and closing the gap at 482 all in the same week. Price closed friday near support of ascending triangle. Support trendline is at 487.00 - Resistance is at 488.70 Thats 1.70$ , which means some really choppy price action , which also means if you arent swinging , u should linger too...
Weekly volume inflow last week was enormous, add to that you have a bullish engulfing at the bottom of a falling wedge and its a nice setup to belong here into Qt2. Weekly MACD flipping over bullish also The move should be 30% upon wedge breakout, which would put Ali baba at 100 by mid spring. My targets are 77 90 103
Just wanted to share what i see going on with aapl here. Weekly candle closed with a grave stone doji.. whenever aapl closes with a weekly grave stone doji there's a high chance of a pullback coming in the two weeks. Aapl is displaying a very large Ascending triangle setup here. If this pattern were to play out then aapl is headed for 220-230.. There...
Priced has rallied 9% in the last 2weeks from an ascending triangle We closed friday at the top of a rising wedge here At All time high. Also google is pretty much over bought on everytime frame and weekly candle is outside its bbands. Im looking for a pullback to 138 -140 minimum in early February.
2 different perspectives here.. 1st. We may have an ascending triangle playing out on Spy and QQQ Which explains why we had so much of a thrust of volume on friday. If it is indeed an ascending triangle at play then we are going to spy 500, and qqq 430 by feb 1st. The breakout move should be like this This is the second perspective Spy and Dow both...
Long term investment idea here.. J.D almost nearing IPO price at 19.90 or 10yr support Over the next 2 years, i think the technicals are there for a retracement to .618 fib or 53$
Price has formed a rising wedge here.. I think we she get one more push here to 480 before pulling back to 465.. Nasdaq or IXIC Price keeps bumping its head on this trendline resistance. This resistance hasnt stop stocks like MSFT, NVDA and a few other of the 7 for making new highs but if you look at the price action overall on tech you'll see its been...
Most likely price is headed back to 80$.. Hammer candle off support with a piercing candle and volume.. Most likely a double bottom Calls over 71.50 1st target 75.00 gap close 2nd tgt 80 ATH
Huge double bottom forming off off support here.. 1st target is 197 gap close 2nd target is 200 gap close Might go higher lets see what happens
Simple chart here. Broke out of a major pennat back in December.. technically this pennant should take GS back to ATH but first it needs to get over 390 hurdle. Over 390 and long it to 422 Reject at 390 and short it back to 350
Ascending broadening wedge pattern here. Bearish pattern. Looking for one last dead cat back to 20sma 245-248 then a correction back to 200
Drops from last week Spy - 2% Qqq- 4% Iwm- 5% DJI - 1% Dow outperformed the best because of financials ,energy and health.. Big bank and Health stock earnings kick off this week which i think will ignite the dows pullback... So intra day indicators look oversold but structure looks bearish along with elevated selling volume. What i mean by this is,...
Consolidating here inside a wedge after a massive run up.. Breakout of a wedge and i like calls over 68.50 or 20sma 1st target is 76.11 2nd target is 82.00
Rising wedge here that probably wont correct until NVDA tags 550 or trendline resistance .. not saying to blindly short at 550 but look and wait for a reversal candle near trendline resistance.. SMH chip sector close to a correction also Daily chart
Chop for the last month here. Either consolidation or distribution Bigger picture here is the ascending broadening wedge inside white trendline.. this is a bearish pattern... if msft breaks below and closes below 366 than the correction has started to 300 with a pit stop to 330 first.. Inside the major pictues is a smaller pennat that msft has been trading...
Looking for a 468 gap close this week on spy to finish this Rising wedge pattern... Similar pattern on DJI and QQQ IWM This flush will basically flush the entire holiday algo melt up last 2 weeks.. I'll update this with sectors later
2 scenarios here.. 1st scenario which im fond of is the H&S to 186 2 scenario is a possible falling wedge setup for ATH In my experience , you always have to watch that right shoulder on the H&S.. if it doesnt break the neck line to flush lower it will turn into a falling wedge .. We will find out next week..