RichardSlanger

RichardSlanger

As we all know the used car market continues to have it's issues, CVNA insiders started to sell this month. What do they know? We know by looking at our momentum indicators that momentum is dying and also happens to be printing out a head and shoulders pattern at key fib level. Expect and nice drop to next major support level.

RichardSlanger

Ubers momentum indicators and price action has started to stall while sideways distribution patterns are printing out. This is since hitting key fib extensions that uber has previously reacted strongly off of. I expect uber to start retracing very soon and start a slow down tread looking to retest $50-$59 price block area.

RichardSlanger

Here we go again. The momentum surrounding Bitcoin is palpable. It's teetering on the brink of setting a new unprecedented high. $100K bitcoin no longer sounds like a speculative dream but a near certainty. Higher fib extensions are also on the table. $200,000 bitcoin is not far fetched. However a note of caution is warranted. If we are on the 5th and final wave...

RichardSlanger Updated 

After leaving bull flag channel after move upward from all time low, we can see it retested the top of the channel (leg 1) and has since formed a tightening triangular pattern that is clearly printed/ printing 5 waves. I expect to see a upward break of this pattern. Lots of news on restructuring supports this move and expect to see news drop any day now. Depending...

RichardSlanger Updated 

Carvana looking to make big move. SL $19.28 TP1 $45.27 TP2 $55.98, If $19.28 fails next entry will be at $12.44 zone.

RichardSlanger

I don't post often anymore but this one is too good...41 million market cap, free float 6.2 million and short interest @ 27%. Big names are and or getting involved in sector like Soros...Volume climaxing and stock screeners being alerted. Cha ching! TP1 - $6.55, TP2 - $8.28, TP3 - $9.97

RichardSlanger

The dollar is approaching a crucial fib level that has conflunence with a major resistance line. Looking at RSI we are reaching historic highs that have only been touched twice in the last 50 years. Based on mixed market signals buyers may be looking to take back stock postions previously sold during more previous uncertain times. Though a stock buyers market may...

RichardSlanger Updated 

Possible bullish wedge break, confluence with bullish divergence. Smart money flow index changing positive as of 6/17. TP1- $0.87 TP2 - $1.60 TP3 - $3.53 SL - $0.43

RichardSlanger

Lotz is finishing up a 5 wave ending diagonal with bullish divergence. Selling pressure has subsided and short interest is very low. Share price should be about $1.60 if it was reflected by company's cash on hand. As we can see that is where a very active price block is ($1.60-$2) which I believe we will be retesting by EOY. Chip shortage has greatly improved and...

RichardSlanger Updated 

Potential bullish Gartley setting up. Correlates with apex of previous symmetrical triangle as well as previous support. Retrace to the 1.618 could result in a bullish crab pattern. Weak but maybe unvalid bearish div starting to show.

RichardSlanger Updated 

2.618 extension hit. Looking for a retrace to previous resistance at the .618 of current leg up. It's just coffee.

RichardSlanger Updated 

Too much congestion for me, needs to take a Claritin D before I hop on in.

RichardSlanger

Looking for a retrace to the .382-.618 to complete handle for C&H continuation pattern to the 1.272 fib

RichardSlanger

Bearish everything MJ but tlry no speaky clear path. Patience will be key. Bullish and bearish target represented by black lines.

RichardSlanger

Not a EW expert by any means but pretty clear cut waves even for ew newb. $8 and $4 targets with SL placed somewhere strategically placed about the 382. Bearish MJ everything. Hype bubble imploding

RichardSlanger

Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.

RichardSlanger

Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.

RichardSlanger Updated 

This tightening pattern is a momentum traders dream. Targets listed in chart.