BABA is looking good for a reversal. Bullish divergence and it tested the support at $177. Next target is the is the resistance of the wedge at $186.
I really like the bull pennant emerging in NYSE:SNAP . SNAP is one of my favorite stocks on my watchlist. The relative strength from SNAP is enormous in both up and down days. Expecting this one to go higher soon. SNAP is mostly overlooked by many traders, which can give the share price an extra impulse once the price rises. Breakout over $13.24 Resistance: $13.38
COINBASE:BTCUSD is breaking out of a falling wedge. It's now consolidating above the breakout area and making a bullflag/bullpennant. BTC at $10.000 is the next target.
The SP:SPX / FOREXCOM:SPXUSD futures seem to make a rising wedge pattern. After this, it may make a C&H pattern to complete a bottoming pattern for the coming days.
I think there are 2 possible scenario's for the SP:SPX on a bigger timeframe. Note that this is pure speculation. Only trade after confirmation. Scenario 1: Back to the previous bottom and then bounce back up to form a head and shoulders pattern. Break out to lower territory imminent after a H&S. Scenario 2: A weak market will cause the resistance to break...
My updated view on SP:SPX / OANDA:SPX500USD futures
SP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).
NASDAQ:MTCH is looking to break out higher. Over 50% short interest so this one can skyrocket higher. We want to see some volume kick in during the breakout.
NASDAQ:JD is making a perfect retest on the pennant to go long
Brand new IPO stock EURONEXT:ADYEN is forming a pennant. It can go either way from this point so do only trade it after a breakout. I'm not planning to trade Adyen in the near term because there are big risks involved: Newly listed stocks can do wild things, so use a tight stop loss. The free float of this stock is very low. All shares are allocated to...
NASDAQ:FEYE is forming a beautiful cup and handle pattern. Go long after breakout. Cybersecurity will be one of the biggest trends in the coming years so this could also be a nice long term opportunity. In the short term this is certainly a nice pattern that offers opportunities.
BABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on...
Bought SNAP back at the opening on the retest. Looking for a breakout from the bullish pennent.
NYSE:SNAP , 4h and 1D close about key resistance can skyrocket SNAP higher (high short interest). Resistance at $12, next target at $14 (20%). No 4h candle close above $12 = no entry. The Citron report will add some fuel for the longs: money.cnn.com
Alibaba is looking for a breakout. Go long at a breakout above $200. The short interest in this stock is quite high, so a short squeeze can push this stock higher.
First target for Bitcoin is to break the support of $9500. After that it can easily go to $10300. P.S. green line is where I placed some bids in my previous post. Follow me on twitter: twitter.com