ContraryTrader

ContraryTrader Updated 

Has bottomed out here at 99 support 20sma has been resistance entire sell off.. long over 102.. 105 first target

ContraryTrader Updated 

Same Rising wedge here on Spy and nasdaq. 1st short target is 453 or 21ema... I expect a bounce there followed by side ways trading to round off right shoulder for a H&S correction back to 420-430 This correction should be a 8% drop from 465 based on the size of this wedge QQQ Same wedge Short entry 400-401 Will update this more later

ContraryTrader

Channel trade here.. Weekly candle rejected off channel last week with volume.. Closed below daily 21ema Looking for a pullback to 81 gap close. 1st target 88$ 2nd target 81 gap close Entry - below 95 Stop loss - close above 21ema

ContraryTrader

Risk and reward... Oversold here severely at 26$ support. This is a long term investment idea .. I think Pfe will retrace back to mid 30's by next year.. Pfe is back to feb 2020 covid crash levels. 26$ support has held for over a decade.

ContraryTrader

Price at trend resistance and Fib .236 resistance 1st target is 130.. Below that and we see 122. I think we retest 138-140 one more time before the short begins Short negated if AMD closes over 140.. If AMD closes over 140 theres no resistance into ATH

ContraryTrader

8 straight weeks up.. Daily RSI is hi fiving pluto. Still volume is strong and no reversal candle has been shown.. I think BA will correct along With DJI in the coming days back to 230 minimum. Daily RSI along with candles are both at resistance

ContraryTrader Updated 

Close at the top of a megaphone here. Same with ES These megaphone patterns are usually bullish but the question is, do we make one more leg down before heading higher? Here's Nasdaq composite or IXIC.. 1% range trade for most of the week. We closed at the top of the range. Similar charts on XLK Market has been mixed.. The fawkery is evident , they...

ContraryTrader Updated 

Price has been playing this channel since July's high with exception of the last earnings gap down that broke channel... Next week we will either tag 320(50sma) or 353 resistance

ContraryTrader Updated 

Aapl, looking for a bounce back up to 195.00 to form a right shoulder for a correction down to 182-185 The bounce back to 195 is only legit if 192 support holds.. If 192 goes before 195 then thats a double top.

ContraryTrader Updated 

Daily pattern is an inverted H&S to push arm back to its IPO price at 70$. Price is currently flagging between 60.80-65.00 I think price is headed for a breakout of this bull flag soon Stop loss 60.00 1st target 64.50 2nd target 70.00

ContraryTrader

Diamond top showing here... Pattern is bearish and Valid below 140. This week support is at 133 (21ema/50sma).. i believe we will test support.. Below 133 and we head back to 130 or trendline support Diamond top targets are usually the length of the diamond like so

ContraryTrader

Weekly ended with gravestone doji at trendline resistance Macd, CCI and RSI all losing momentum and rolling over Looking for a reversal here back to 95$ 1st tgt 107 gap close

ContraryTrader

Price has been bouncing between fib resistance at 147.69 and trendline support for 2 weeks.. This week will be the make or break week for Amzn.. Long with a close over 148 with volume Short with a close below 143 with volume Anything in between is chop

ContraryTrader

Longterm investment idea.. a possible 100% stock move from 20$ lows Falling wedge Here at the bottom of a 25yr range. Price is oversold on every time frame.. Stop loss 18.00 Target 45$

ContraryTrader Updated 

Almost there.. 457.80 is the final gap close which aligns with previous trendline resistance . Things are looking toppish on some of the tech sectors.. since November 14th the biggest tech sectors all have formed a BEARISH ASCENDING WEDGE. I think we will have one more 1¼% pop on QQQ before a pullback through early December here's an example XLK. ...

ContraryTrader

Up move completed here at last gap.. Short from 36,200. Target 34,300 If dow breaks over 36,200 then possible move back to ATH.. under 36,200 is the shorr

ContraryTrader

Rising wedge here with bearish divergence. Pullback to 117 most likely .. below 116 and 109 is next.

ContraryTrader Updated 

Spent all last week consolidating. Some but not all of big tech have topped off. I think we have 2% more upside to 458 target or trendline retest. IXIC or Nasdaq composite has lagged QQQ or NDX for most of NOVEMBER; That's because big tech has outperformed large and mid cap tech. If you look here on IXIC Unlike qqq that has closed their gaps, IXIC has still...