The_Patterns_Guy

The_Patterns_Guy Updated  Apr 24, 2018

This is the second of two ideas about the SPX. The SPX is approaching a pivotal point. Within the next two weeks we likely will know if we are in a bear market or if we have just been experiencing a major correction like the 2015 correction. So why now? Why is this the period to watch closely. First, because the declines have halted following a monster, January...

The_Patterns_Guy Apr 22, 2018

GE looks to be bottoming. Long opportunity presenting its self. That being said, bottoming is a process. There will be throwbacks and possibly lower lows, but we are likely at or near the bottom. If there is a major recession or accounting tricks all bets are off. Below is my analysis on why this is a long opportunity this coming week and possibly over the next...

The_Patterns_Guy Apr 22, 2018

GOOG reports earnings after the Monday market close. I expect a big move, as do many. GOOG is one of the FANG stocks that have accounted for approximately 60% NDX 100's gains in 2017 and a significantly to the SPX's gains in 2017. The direction of this stock has a big impact on the direction of the over all market. If Tuesday morning the stock pops, then i...

The_Patterns_Guy Apr 22, 2018

I am not a BITCOINer. The below analysis is based on my observation of mature stocks. The dynamics of Bitcoin are different than stocks. I acknowledge that and you should too. Take this piece of analysis with a heavy dose of skepticism. BLUF: I think BTCUSD could be set for a major upward move over the next 30 days and possibly a bigger move throughout the end...

The_Patterns_Guy Apr 19, 2018

This is one of two post about the market. The market is approaching a pivotal point. Within the next two weeks we likely will know if this is the bear market or if the past few months have been another 2015 head fake. Ill discuss in greater detail why I think that in the next post. Before I do that, I want to share with you why I am leaning towards the market...

The_Patterns_Guy Apr 15, 2018

On the daily DO has settled into a neutral price channel. The red line is the long term price support base for the stock. If the bottom has not already occurred, it will somewhere around this price. The blue line is the breakout trigger price. A breakout above that price would suggest the bottom is in for DO and a long term bullish breakout is underway. The...

The_Patterns_Guy Apr 15, 2018

On the daily the KO has formed an inverse H&S, a very bullish formation. The MACD is poking up and so has the Stoch RSI. The obv is not great, but it is not all that bad either. Expect a 1.61 RRR. I would shoot for a Jan19 $42 strike price call, bid ask 3.85 4.0. *****side note 1**** KO is a good proxy gauge for the overall market. The stock is less volatile...

The_Patterns_Guy Apr 15, 2018

This stock has multiple bearish formation across multiple time frames. Indicators uniformity point down. Price target supports a 2 RRR. I would shut for the November 2018 put, strike price $40 for price between 3.70 3.90. That is a 20 cent spread. If stock hits target the strike price will be well above $3.90. Daily On the daily chart stock has formed a bearish...

The_Patterns_Guy Apr 7, 2018

On Daily scale VSAT has formed a H&S within a neutral price channel. All indicators are pointing down. Expect this stock to breakout below the neutral channel, however, wait for the breakout and set a stop over the recent high around 4/4/2018. VSAT is optional with a $.80 spread on the September close. $60 Bid: $3.20 and ask $4.00. weekly price action still...

The_Patterns_Guy Apr 7, 2018

IIVI has formed a H&S. two of three indicators pointing down. price target is $19.95, the breakout price. WEEKLY price looks like it might break the rising trend line. All indicators pointing down MONTHLY price looks like it might break a rising trend line. All indicators are pointing down.

The_Patterns_Guy Apr 7, 2018

HAIR has formed an H&S. All indicators pointing down. HAIR is also within a larger downtrend. Target is $3.06

The_Patterns_Guy Apr 4, 2018

On the daily MANH has formed an H&S within a larger declining wedge. All indicators point towards a downward breakout. stock has a 3.36 RRR. look for the July $3.15 put weekly all indicators pointing down. price action has formed a declining wedge. stock likely to breakout in next few months. monthly all indicators pointing down. price acton is trending down

The_Patterns_Guy Apr 3, 2018

GPK short. 3.4 RRR SEP 18 Puts $.95/1.15 If by June 30 2018 price at least $13.60 expect a minimum of 70% return (70 cents). That is enough to cover the spread and still make a health profit. If option falls below or equals 45 cents exit trade. Daily GPK has formed an H&S with a higher right shoulder than left shoulder. Stoch his setting up for a down move. MACD...

The_Patterns_Guy Mar 29, 2018

AMG has formed an H&S on the daily with indicators pointing down. Expect about a 2.5 RRR

The_Patterns_Guy Mar 29, 2018

Daily indicators are leaning down. stoch has formed a H&S with right shoulder leaning down. expect an almost 1.5 RRR over next three months. weekly price broken trend up. stoch RSI bottomed. MACD following stoch rsi down. monthly price has broken a up trend. stoch rsi and macd all breaking down. expect price to go lower.

The_Patterns_Guy Mar 24, 2018

R is leaning down. There are targets within each timeframe. The most promising of which is the daily target of $66. monthly indicators are breaking down on monthly. this signals a possible trend break in the near future. That would give a target in the low $50s. Weekly all indicators pointing down. price has formed a right leaning H&S. target is in the...

The_Patterns_Guy Mar 24, 2018

CMCSA is undergoing a long term trend change. The trend is changing from up to down. There is an opportunity to play the double top that has formed. Monthly Comcast has formed an eve and adam double top. All indicators are ponting down. This stuck is experiencing a trend change from an uptrend to a downtrend. There are two levels of resistance, one of which is...

The_Patterns_Guy Mar 24, 2018

MIK is in a downtrend, possibly a downtrend that may end at $0. All indicators are pointing down. There is a small possibility to profit in the short term before a possible bounce. Monthly formed a H&S. MACD crossing down. OBV inconclusive. Stoch RSI crossing down. Weekly formed a series of lower highs. All indicators are pointing down. Daily formed a...