Hello everyone! Today I take a look at mysterious NYSE:SKLZ price movement. Why misterious? I personally think the company has a great business plan, innovative product and tons of growth potential. Fundamentally, if stock price alligns with the business indicators, it should skyrocket. However , stock price does not reflect that view and just keeps...
Here is my recent analysis of NASDAQ:PENN stock price movement. As always I used my boxes strategy. Here is a recap of recent price action: Price dropped below 86 level in May 2021, which had acted as a support before. Then price tried to reclaim that level multiple times, but with no success. We can mark this level as a strong supply...
Today I analyze NASDAQ:NFLX stock price movements. Here I use my box strategy combined with Fib retracement. NASDAQ:NFLX stock price is in a long-term rising trend channel. However, it has been kept in a 465-575 range since June last year, hence the box formation. There was an unseccessfull box breakout attempt in January 2021 where the price reversed to a...
Today I am taking a look at a Chinese EV manufacturer NYSE:NIO stock price movement. NYSE:NIO stock price has been moving mostly sideways since the end of last year. Price was trapped in between two major supply and demand areas: 30.5 and 54.5. This area is outlined by a big box. The only exception was the breakout on January 2021, but price quickly...
Today I am going to show you implementation of my boxes trading strategy on NYSE:BA stock price movement. Boeing stock price has been extremely volatile since the COVID crash. Let's take a look at it's last 6 month price movement. 1. Price bounced from long-term support and found a new demand at 205. 2. Price reached 278 and got rejected from a strong...
Here is my technical analysis of NYSE:U stock using my boxes strategy. NYSE:U price has broken out of the box recently on great earnings news. In 2 days it hit a long-term resistance and reversed down. Price has bounced off of the box ceiling that has become support now. I see two scenarious for further stock movement. Scenario #1. 1. Price breaks...
Continuing my tutorials on boxes trading strategy. This time let's analyze NASDAQ:ABNB stock price movement. Taking all appropriate steps as described in my first lesson: 1. Identifying long-term trend channel. 2. Finding supply and demand zones. 3. Drawing a box inside which price is moving sideways. 4. Buying demand zone bounces. 5. Watching for...
I've been investing in NASDAQ:AMD since the last year. AMD is one of my biggest positions. For my long-term investgment portoflio I use fundamental analysis to evaluate stock buying opportunities. If I like the company I then use technical analysis to determine entries, exits and targets. Here is my technical setup on NASDAQ:AMD I use a combination of...