Mhajda18

Mhajda18

Each green line is a resistance. The red line at the bottom is the trend line from the March low. If Oil cant hold 73.20 then the bottom should be down to the red line at around 70.70. Larry Williams is expecting a rally by year end and into the spring. So get ready to buy down at the 71.00 level. I like XOM personally to play the oil swing. But to each their own.

Mhajda18

Trendline starts at the Covid low then to the Oct 2022 low and now to the current low. The SPX might hold 4200, but if that breaks down then I'm looking for 4145 ish before we bounce. Get your cash ready to buy, this bounce will be a big one. The market is oversold, but it can get more oversold before we bounce. This is only day 3 of the market being oversold....

Mhajda18

AMZN looks like it could bottom at around 127.20 ish (Hopefully). Next stop is going to be around Earnings are coming soon. If AMZN doesn't break out of the 124.85 ish. If that breaks then there isn't a floor until we get to under 100.00. I doubt AMZN goes that low. There will be buyers at 125 with earnings next week on Oct 26th. Earnings can't get here fast...

Mhajda18

Looks like a bullish bat pattern is forming. Could bottom out at around 64.65 ish. This market seems broken, however GEHC is trading around 15X FY24 earnings. This stock is cheap also with a nice growth trajectory. Looking for a beat on top and bottom for Q3.

Mhajda18

The 200DMA is 244.57. If EL breaks and holds, could be a promising trade.

Mhajda18

Sofi should bounce here if the FOMC meeting goes well for the market tomorrow. Hopefully we get a dovish .25 rate hike. Big caveat there as "HOPE" is not why we buy a stock. If Sofi falls below the trading range then sub 5 is in play, on the flip side if Sofi breaks 6 then the breakout continues.