MGNI : Despite the fact that I like the fundamentals of this company long term, the below analyses is purely based on technicals . As you can see the chart does not look that great, with all moving averages pointing downward. And the market has not been nice recently with growth stocks . However, I'm looking to buy a few stocks as a long term investment . I...
The gap from October 2021 between 436 and 438 has not been filled yet. Will the market ignore this gap and go back up or are we going to fill it? If we fill it, is that the end of the correction? Lots of questions remain...
ROKU: Weekly chart currently sitting on the 200ma . At historical support -resistance zone. Demark Sequential Buy 9 daily. RSI a bit oversold on weekly. Bullish divergence on daily. Are we bouncing here or do we keep going down? Whatever is it, I like the good risk vs reward long entry here. You might argue that we're going against the trend and you're...
AMD : Nice descending/consolidation channel after a sharp rise. It looks like a bull flag until proven otherwise. Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me. Manage...
FTCH : A lot of tech charts look similar. - big zone of support -resistance here as you can see on the chart - Demark sequential 9 weekly Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far. Trade safe!
SNOW : I put SNOW in the bounce candidate and potential continuation upward list. Why? 1. We retraced 50% of the move that started in May. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line. 2. Demark Sequential is on a 9 daily. (More details below on Demark indicators) 3. The chart looks like a...
PUBM : Growth stock. Bounce candidate. Why? 1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line. 2. Demark Sequential is on a 9 daily . (More details below on Demark indicators) 3. RSI is low and at a level where we have seen substantial...
TDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that...
DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only...
Gold usually performs the last month of the year, entering a strong seasonal phase. Gold miners tends to anticipate gold's move. GDX is a Gold miners ETF . The price is currently reaching a resistance level. Should we be bearish? Not necessarily. If you look at the chart you can see an inverse head and shoulders , also called a "head and shoulders...
ETHUSD: It's a cup and handle on the daily chart. So far the pattern is confirmed with a break of the handle. Now the price is coming to retest the breakout point. To keep it simple: below 3900 is a not good. Above 3900 is good and we get a potential target of usd 6300. Trade safe!
LSPD : Growth stock . Got beaten down badly. This is the weekly chart and as they say... previous resistances become support once broken . Well this one is beautiful. If you trust that you might want to put LSPD on your buy list. I like it long term, as an investment . Entry level around 34. Is it going to crash to zero and prove me wrong? Of course it is my...
CNC: CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018. The trend is up. Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead...
SLI: Will you have coffee or tea? Nice cup and handle on SLI. It will also depends on the overall market but as long as we stay above 8.69 we can expect some continuation. Target move (mentioned on the chart) is the extension from the bottom to the top of the cup. Investopedia definition: A cup and handle is a technical chart pattern that resembles a cup...
If you're bullish oil, watch BP for potential break out. Initial target between 28 and 30, then 34-35
BZUN : Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls. All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see. NIO and ...
MTCH has been in a very well defined range since November 2020. Support and resistance are clear. Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range. One could initiate a long position if we break, with a stop below the line. I see an inverted head and shoulders on the...
Nvee : Cup and handle. Long above 108.5. Stop below breakou t candle. Target on the chart. Trade safe!