stockmankam

stockmankam

Possible long term projection that Ive been eyeing for awhile... Green zone is a Monthly Demand zone and 78.6 fib where I expect a massive bounce, possible (b) wave before another crash towards the 4Q These charts are all looking pretty similar especially ugly looking BTC and NDX Trade safely, Kam

stockmankam

Gotta be honest... Im personally not this bearish on crypto but its certainly not out of the picture for me! I can count 5 major waves up on the Monthly chart, which would theoretically call for a major correction... now IF this were to happen, I would target the long term channel support near 8500...again emphasis on the IF! They'll call me crazy. Happy...

stockmankam Updated 

Well so far it looks like the bears have been mainly in control... but not for much longer? Preferably, I would like to see this double bottom hold at this .5 fib support around 15580 but I have an odd feeling that we're going to gap down below support tomorrow...so in the case this does happen, I would look for a strong bounce around this next fib confluence...

stockmankam

Nasdaq futures seems to be completing its regular flat correction, possible BTD zone around 15.9k-16k A close under this zone will invalidate this projection :/ Good luck, Happy Trading! Kam (Shoutout to @Eloquent for the original flat correction idea on ES1!)

stockmankam

Very rough draft EW analysis... with ERs out of the way, it pulled back to this buy zone (Wave 2 intermediate, 200sma, Trendline support, and daily demand)! Very good r/r here, could play this with a SL below 235 PT1: 273 (SUPPLY) PT2: 299 PT3: 340 Happy Trading!

stockmankam

TSLA could be making its way back down under 700 very soon...but that might be the last time you'll see it under 700 for a very very long time! Be mindful TSLA is also in an upwards channel, once the wave (c) completes from 752 to ~675...we could see a monster run for a primary Wave 3 up to 898 eventually! (Longer term) Please examine chart For now, you can...

stockmankam Updated 

Today was the day AAPL needed to close over 146 for bullish continuation... As we see, it failed twice to close over the .618 fib and is still rejecting the long term trend-line resistance. Just to paint a different picture... its also been trading in the 2nd std dev for awhile now...which means it is severely overbought. Just for more context, statistics...

stockmankam

Hate to say it but GME is at a crucial point at the moment... What I mean is that it could be a really good buying opportunity since its holding daily demand and the .382 fib support!...BUT if it happens to lose this support zone, we could see some serious price drop down to the next demand zone. Now as you know from my last post about AMC, I am currently...

stockmankam Updated 

I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long.... AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup. I know all the apes might hate me for this but I see this as a huge money making...

stockmankam

As we see here we have an amazing cup and handle setup for FUBO! I tried making this play as clean and clear as possible so there was no hiccups about the price action involved... My ideal entry would be a clean confirmed break of ~31 (38.2 fib) for a run back to 40+! My game plan: Take 7/30 35c on the confirmed break of 30.99 (I am buying time because...

stockmankam

SE broke out of its pennant a lot faster than I expected when I first called the play a few weeks ago: Here we had a successful breakout and retest of the triangle and old Supply! Now as we are approaching ATHs, I updated the chart from a weekly outlook to the daily just so I was able to chart out some daily Fib targets to keep an eye out for, with the first...

stockmankam Updated 

I will be keeping SE on my watchlist for the upcoming month as it has been consolidating and forming a bullish pennant after a huge run-up it had since March 2020. After just beating earnings too by 42%, I would not be surprised if SE were to just retest the .618 fib and breakout from there. I would like to see if SE can hold the 235-240 range before hopping into...

stockmankam

Well well well... Im sure I cant be the only one who has been loading up on puts since the last spike to the 630s... I have been bearish on TSLA for awhile now and I personally think this was its last straw... it lost all of its support levels except for this march 2020 trend line that it bounced off of before. Now yes, it could hold the trend line again and...

stockmankam

I am really liking this setup for a swing trade... I would keep an eye for a confirmation break of this downward trend-line and the .382 fib around 181. Oddly enough... .the weekly supply happens to right in between the .5 and the .618 fibs so certainly expect lots of resistance within this zone My game plan: 7/16 190c on a confirmation break of ~181 PT1:...

stockmankam

NIO seems to have been following this downward channel for the past three months, volume has been nowhere near what it is was in the past. A close over 40 would be bullish for me but although I am overall bullish for June... if it can't break and hold over 40 , I will be looking to short NIO back down to ~30. (VERY BOLD PT: 28.20) Happy Trading!

stockmankam

DKNG has recently entered back into its long term trendline support from July 2020... As we see, Weekly demand held very strong in the low 40 range and was instantly bought back up to over 50, from here I think we may retest the breakout and continue upwards to 61-62 at the .618 fib. This of course all depends on if we can break this old supply zone that from Dec...

stockmankam Updated 

SQ has been stuck in this massive falling wedge... bounced heavy twice off of the support trendline and held daily demand zone which are signs of SQ looking for a breakout! I want to see SQ clear the .263 fib (209-210 to be safe) before entering into long calls. I will keep be looking to snag 220c or 230c for 6/18 SL under 196.70 PT1: 221.38 (.382 fib) PT2:...

stockmankam

ARKK seems to be in a massive falling wedge on the daily. If it can clear 109.60 (21EMA) resistance, I see this running to 116.25 which just so happens to be the 50EMA, 38.2 fib, and the old trend-line support from July 2020. Clearing this resistance area will break the downtrend and could possibly send this to the 128-130 zone by next month. If ~116.25 can not...