octradr

octradr Updated  Mar 29, 2018

The DOW has come down a lot these past weeks but it still hasn't come down to devastating levels yet. I published my daily chart for the DOW on March 14 which stated that when the triangle was breached a big move was imminent. Well the BIG move happened and now we have to capitalize on what we now have. What we have: What we now have is a market that has had...

octradr Mar 23, 2018

A close today below 24,000 would be a huge blow to the DOW. As you can see from my chart which I published 3/14/18, the marhet tanked when my rising support line (blue dashed) was breached. With this turn of events I wouldn't be surprised if it pulled back down to 22,500. Even though the market is "cheap" right now, I don't see any signs of a strong rebound yet. I...

octradr Mar 15, 2018

WOW! This is crazy! Let me know if you want more detail. 3/14

octradr Updated  Mar 6, 2018

Bitcoin is going through a major correction stage and has plummeted from nearly 20,000 to below 6,000. Even though it has made up some lost ground this month, I am still hesitant to say it is going to keep moving up. Lets break it down! It is still almost 50% off its highs. It just broke out of the downtrend resistance line (red dashed line) but approaching a...

octradr Updated  Mar 2, 2018

Everything is happening fast so here it is. The fast downtrend resistance line (red line) couldn't hold the bulls and the short-term rising support currently supported around 24475 is still holding. EMA crossovers are in process. 24217 is the main support for this bullish push. 3/2 1:04

octradr Updated  Feb 26, 2018

Recall from my daily chart that Bitcoin's major trend is down with an upside of about 16% and downside of about 40%. The hourly chart doesn't give much more hope because it blew through the rising support line and just formed a bearish engulfing pattern after a glimmer of hope. I could play around with different EMAs to find a falling support line but the...

octradr Feb 26, 2018

Nobody ever talks about Blackberry anymore so I decided to. Blackberry decided to stick around and its stock has been doing great since they refocused their efforts. They decided that their software is where it's at and apparently investors agree. They have nearly doubled since April of last year and the trend is still up even though it is down in corrected...

octradr Feb 26, 2018

Chevron's weekly trend has been up since June of 2015 and it recently breached a strong weekly support only to quickly get back over it. It has a strong weekly support of 102.69 so as long as the week closes above that price the weekly support will remain in effect. Now Chevron is trading in a small zone between roughly 108-118. Some long candles formed with a...

octradr Feb 23, 2018

There has been so much chatter on Bitcoin that I decided to give some perspective. This is a daily chart which shows all of the major support and resistance lines. My solid lines are MAJOR supports and resistance which may be breached intraday, however, be very aware if they close out the day outside of these lines. My dashed lines are my WEAKER support and...

octradr Jan 23, 2017

Major support is at 38.25 with a minor support at 41. Expect to reach 46 in March. 1/22

octradr Nov 11, 2016

Yahoo has been going up since the beginning of the year and the long-term trend is still intact even though YHOO has been consolidating since September. Now presents a great opportunity to jump aboard a speeding ship. Major support is at 39.98 so the risk is quite low. Watch for fake moves below this zone as this is a long-term play. Watch the weekly and monthly...

octradr Nov 11, 2016

Now may be a good time to start acumalating shares of BP. It has been trading between 31.57 and 37.53 for quite some time and is near the lower end of the range. If I were to guess, there will be a final buying opportunity at the end of the year. 11/11 B$ close

octradr Sep 23, 2016

MSFT is near resistance and is showing some bearish signs on the weekly chart. Place stop around 59 in case it breaks out.

octradr Sep 23, 2016

LMT's long-term trend has been up for a long time and is currently trading at a 10% discount from its highs. It held its weekly support of 234.75 and broke out of its short-term resistance of 244.04. It may retest the 234.75 zone but now would be a good time to begin accumulating. 9/23 B4 close

octradr Sep 6, 2016

Visa just broke out of a the 81.73 resistance zone and will most likely continue the trend up. It may very will retrace back to its weekly support of 73.25 which is a over a 10% risk so be careful. The short-term support is at 79.48 but you may get stopped out. There is also a good chance that it never looks back and soars to 90 and beyond. The long-term trend...

octradr Sep 1, 2016

CMG has been going down for a long time on the weekly charts and is struggling to stabilize. It has had a nice little run up the last 2 weeks but it couldn't push through the 440 zone and a good bullish indicator developed. The long-term trend is still down and the risk to 444 is about 7%. Potential gains are more than the risk.

octradr Aug 18, 2016

BP has been steadily going up since February and right now is a pretty good entry point. It has consolidated off its highs of 37 and the daily 8 day ema crossed over into positive territory today. Weekly support is at 31.57 and major resistance is at 37.53. 8/18 after close

octradr Aug 17, 2016

First off, CSCO has had a great run rising over 35% since February! Its long-term trend up is still intact, but it has been showing signs of weakness near the 31.15 level. CSCO has been testing 31.15 for nearly a month and just can't stay over it. Super short-term support is at 30.74 and it has been breached today and most likely will close below this support....