barracuda2104

barracuda2104

Well, I believe that this 25% downswing is an overreaction to the results. RSI is at the lowest I've seen it in months, the stock is at an important multi year support and most importantly everybody and their grandmother is bearish which usually means that it's time to buy. Initial stoploss at about 5% below CMP and then trail progressively, I won't give any...

barracuda2104

This entire move doesn't seem right to me, volumes haven't been great and it rejected off the top of a long term channel. RSI is at overbought too. Winter is over and demand is going to shrink from now on. Short with a view of about 3 months for targets of around 300, keep stoplosses at 420.

barracuda2104

The chart pattern that I've marked with the yellow lines is called a "right-angled descending broadening wedge". Yeah, I know that is a very long name for a pattern (for more info about it: google it's name, I would have attached a link which explained it in greater detail but I can't because I don't have enough "reputation points"). Basically it is a pattern...

barracuda2104

We have just broken out of a multi month resistance with amazing volumes, buy for a target upto the 100% fib (marked on the chart). This breakout also marks the failure of the descending triangle that had been forming on the chart, indicating extraordinary strength.

barracuda2104

Over the past week or so we have seen a parabolic 9% move to the upside in APPLE, the price is currently right at the resistance of an year long channel. I believe we are due for a correction of 5-10% over the next month or so. My stop losses would be right around 1$64 with targets in the $140 - 150 zone. If you look at the hourly chart you will also see a...

barracuda2104

If you take a look at a weekly chart of NETFLIX (NYSE:NFLX) you will see a recurring pattern, the stock has a tendency to consolidate for approximately an year and then give parabolic moves to the upside. I have marked all such parabolic moves on the weekly chart. We have already broken out of the resistance of the consolidation and I believe we will see levels...