Boeing has broken out of a descending channel and is now on the verge of breaking out of the long term descending wedge it has been stuck in. Our first target is $180 and if we can break above that, I foresee being back above $200 by the middle of October.
Hi all, as per my last post, BA has acted expectedly despite some of these trolls saying BA is shooting to $200+. BA fell out of a descending triangle and below support, so $143 remains my TP. Look for an update when the bears are out of steam.
SNAP has fallen below is bullish channel and is now on a downward trajectory. I have listed several possible supports to look out for as we head into October. There will be a lot of selling going on in the next few weeks, so you can't go wrong shorting a lot of things.
Disney has formed an ascending triangle and has settled on support. ATM Disney is at a great buying point. Look for a retest of $138 and a breakout above these levels to $147 in the coming weeks
Micron has broken out of its first pennant, but I see a tide of selling going into next week dragging MU down to high $47's. I am waiting until the end of the month to go long on anything, but Micron is high on my list of lagging stocks that I see busting out to ATH's going into the end of the year.
Nio pulled back after a double top was formed in late August and has retreated from its highs since. The chart shows NIO in an ascending channel after the double top, but this is bearish for the short term (1 week). If and when it falls below the channel, I'm looking for a double bottom at s1 $16.80 or s2 $15.75 as my entry point. Looking at the chart, you can see...
Look for XLK to retest what was once the support line at $114 . First target is $104 (the high from February) and the 2nd target is $100. The bears are in control, so look at this as a shift from a bull market to a bear market going into the end of the year. Long term target is low 90's to high 80's.
NYSE:BA Hi all, wanted to get this out quickly: BA has fallen below support, so next target is $153. Wait for a good bounce off of that before considering buying long.
NYSE:BA Boeing has 4 days to hit the veryyyy end of a triangle that has been developing since June 8. So I believe we are at the precipice of a GIANT move in the coming days. The $180 price is still a very strong psychological resistance and has been hit 3 times in the previous few weeks. Recently, news has been circulating that the 737 MAX will be back in the...
NYSE:XRX Xerox is still holding inside its descending channel, but is continuing to hover near resistance. Anything above 17.80 is still considered a buy and the present analysis is still in play. However, a break below 17.80 could result in a retesting of support of the channel. Look for a break out of the descending wedge and a retest of resistance, this...
NASDAQ:MU Hi all, MU is still inside a consolidating triangle, so I am not looking for a breaking to ATH's yet. MU next target is 49.20, but if it can't break the downward resistance, it will likely retest 43 range. As long as MU stays above the upward support, the target is 49. Further analysis and thanks to my followers for keeping me up to date
NYSE:BA BA had a great run up today, but it's still constrained inside the triangle. Let's wait for a break above the resistance line, to consider this extreme bullish
NYSE:XRX XRX has been bouncing off the resistance of its descending channel and is positioned to breakout and head towards R1 of $23.70. We have seen a lot of buying in the last 4 weeks to support this idea.
NYSE:NIO People can say "short NIO", but lines and trends don't lie! Nio has hit support and my assumption is we will see NIO bust out of this channel and head to even higher highs. My targets are in the $24-26 range.
NYSE:TWLO TWILIO is forming a descending wedge and I won't be convinced of a revisit to ATH's until it breaks out of this pattern. If TWLO revisits 230's again, I will go LONG.
NYSE:CAT CAT has formed a very apparent ascending triangle and is on the verge of breaking out to ATH's. First target is 148.50.
NASDAQ:AAPL AAPL has yet to smack $500, so I see it hitting $500 as a psychological PT, then falling back to it's first major support of $465. Ongoing analysis to come.
NYSE:XRX Xerox has been bundled up inside the channel shown above. I'm looking for a breakout this fall to the mid to high 20's before trying to regain ATH's.