MathewPiedoux

MathewPiedoux

Overall idea: If AMAT breaks 133.51, calls with a PT to 141.50 will be a go. (SL at 129.90) TA: ~Accumulation/Distribution line is sharply increasing, foreshadowing a strong incoming bull action ~MACD has just crossed over into the positive, hinting at upcoming bull action ~VI is at an intersection point, foreshadowing a reversal in momentum from its previous bear...

MathewPiedoux

I REALLY liking PFE rn for long. Here is why ~ Today it not only crossed the VWAP, but it broke the 75th percentile indicating upcoming higher highs. ~ Not only is it riding above the VWAP rn, but there is a nice gap between the price action and SMMA indicating a continued uptrend ~ Price action > 30 EMA > 200 EMA and there is a nice gap between both EMAs. this...

MathewPiedoux

Pfizer is in a strong uptrend and its hourly keeps coming back to the 50 MA. Each time it has come back to the 50 MA, it has met at a support area. I believe we may see PFE run a bit higher before it returns to the 50 MA as the RSI is undecided (although slightly on a decline). The hourly wicks also do not show any signs of a pullback yet, which supports this...

MathewPiedoux

As one can see in the chart, there is RSI divergence. This is a hint at a reversal in momentum. After the impulsive move towards 447 we are due for a pullback. I believe we should hit some support at 446 and experience a very small rise again (not to an ATH) before we experience a pullback through the support at 446 toward the support at 443. Once we hit...