Juliac

Juliac

ALGN gapped up strongly on Earnings beat during its last earning on 1st Feb23. It then subsequently corrected and partially closed the gap, finding support eventually @ 297 the previous neckline region (now tuned support) and also right at the 38.2% fib retracement of the big recent upswing AB. Since it's last Earnings, the stock had been wedging in a range but...

Juliac

SE hit it's lowest point on 9 Nov22, several days before an earnings beat pushed gapedthe stock up strongly. However the rebound since had been volatile until another earnings beat on 7 Mar23 gapped the stock up strongly again, this time well above it's 200 day Moving Averae, and a Golden Cross materialised a few days later. The Gap that happened this time had...

Juliac

A "correction" can be very much expected after every few days of running up. The bull is very much intact if NQ can stay above 12,800, with Potential resistence-turned-support @ 12,850. (worst case support @ 12,500, the most recent pivot low). The 200 day Moving Average is slightly curving up now too. As long as one isn't a short term / day trader, just stay...

Juliac

INTC had been basing in sideway range between 24-31 since mid September 2022. It tested the neckline region between 30-31 at least 3 times and similarly the lower range between 24-25+ also 3 times (formed an imperfect triple bottom). Yesterday it gapped above the neckline on strong volume and in the process, managed to close above the 200 day MA for the first...

Juliac

Many stocks have been climbing the "wall of worry" in a choppy fashion. But the fact remains that many of these stocks are still climbing. It is also important to try to pick stocks that are already showing some positive attributes (eg those that were breaking out of a base formation or already started to move above the 200day moving average etc). Whether to sit...

Juliac

CRM had been basing for about 10 month now (since last May), the first sign that the worst could be over was when it broke above the 200 day movving average on 27 Jan, then a retest of this MA a month later on 27 Feb which validated the 200 day MA as the new "support". Several days later on 2nd Mar, it gapped up strongly on earnings beat, stopping right at a...

Juliac

Despite all the uncertainties and volatility in the market, the US indices especially Nasdaq has been resilient. Nasdaq has led the run up since the start of this year and as long as NQ continues to be in the lead among the 3 major indices (namely NQ, SPX an DJI), the market could remain overall bullish. The most recent "fearful" event (collapse of SVB) last...

Juliac Updated 

At the start of February, SPX saw a number of "affirmations" that the uptrend was underway: 1. broke up and continued to trade above it's longer term trendline resistence 2. traded above its 200 day MA since 24th Jan 3. followed by a Golden Cross on 1st Feb However the month of February began to see momentum evaporate as the index began to pullback below it's 20,...

Juliac

Hi All, This is just to share on how I would approach a trade (as a trader). 1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve), rising above 200 day MA, Golden Cross etc. 2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction. 3....

Juliac

Just thought I would share that ILMN appears to align with Wyckoff Accumulation patterns as it began to form a complex base from June last year. The 200 day moving average is now begining to flatten out with the stock making a few attempts to rise above it since this year. For those with patience, any dips in the coming days will be an opportunity to accumulate....

Juliac

RIOT appears to be forming an Adam and Eve pattern (8 months in the making now) with the stock flirting with the 200 day moving average since 30 Jan this year. What is worth noting was its volume pattern since the start of this year: higher volume up days (accumulation) vs lower volume down days (distributions). A tell tale sign that the stock is probably on...

Juliac

After a strong 28% gap post earnings on 2nd Feb, META has now given up about half its post-gap gain. However, its longer term bullish picture remains intact if we look at the following factors: 1. Stock is still trading above both its 20 and 200 day moving average (the latter of which is beginning to flatten out, a precursor to turning up) 2. A falling wedge...

Juliac

AMD had a classic breakup (of both a neckline and its 200 day MA) on 1st Feb and then subsequently did a retest back to near it's breakup level on 10 Feb. The retest brought it close to but did not violate the "neckline" before it began to rebound rather strongly again last night. This served to validate that the neckline has now turned "support". I would go...

Juliac

FSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon...

Juliac

The correction in the markets last week may appear steep & violent, especially for some stocks. However, on the bigger scale of things, SPX is still looking like a "normal" correction (within a bull trend) so far. In fact, a few factors could be aligning for a possible bounce in the near term: 1.SPX closed a "dragon-fly" candlestick last Friday, signifying some...

Juliac

AMZN broke above an inverse Head & Shoulders neckline @99 on 27 Jan and went on to hit 114 before disappointed earnings crashed it back down to 98 - 99. It could be find support around these levels due to a confluence of: 1. neckline (resistence turned support) 2. 50% fib retracement of AC upswing @97.80 3. 61.8% fib retracement of BC upswing @ 100 It is a...

Juliac

SNAP plunged 10.3% on 1st Feb after announcing yet another quarter of dismal results. However, what happened after that is interesting. The stock began to recover steadily in the last 3 days on good volume, a stark contrast to the correction the general market was experiencing. This exhibits "hidden" strength / support for the stock. There is a good chance it is...

Juliac

I wrote on Jan 18 that SPX had been looking "optimistic" technically as there were several factors favoring the bulls. After FOMC meeting yesterday, the bull case has now received further affirmation: 1. Both SPX and NQ are now above their 200 day moving averages 2. Both have broken above a long term trendline resistence 3. SPX is about to "Golden Cross" (ie...