Karam08

Karam08

Since the vaccine news in November 2020, S&P broke a trend line that was a key resistance since 2013. What next? I am watching the red zone, marked based on time / market cycle estimates (calculated from previous "crash" period + 35%). This is just a predictive model, a lot depends on any sudden market news / conditions. But if there isn't any major positive...

Karam08

I re-entered with a BIDU position few days ago, but I feel there's a possibility the weakness could continue. I believe the stock should be able to hold it's $170s low next week, but based on time cycles it's weak zone continues next week until first week June. If that $170 support zone breaks due to any China related news or general market sell off, BIDU may be...

Karam08

So TDOC has hit close to my 140s target by May earnings. But, I wasn't very happy about the way the right shoulder got formed. It just wasn't convincing enough. I now consider the idea of TDOC sitting at the 500 Day Moving Average. The last time TDOC re tested the 500MA was in December 2018, after which we saw a 65% jump. If a similar pattern follows, I think...

Karam08

One way of looking at NFLX projected run vs how it has performed. One must wonder, when cinemas are back open as closer to normal setting we had pre covid, will expectation of traders remain the same as they have been for NFLX in 2020 & 2021? I think not. Hollywood makes better money off Cinema runs -- the big blockbusters would pressure nflx stock in the short term.

Karam08

Marking out some support and resistance levels I see. I feel this could drop to $13-17 price range by June/July with any wider market sell-off. If the stock does stay lukewarm based on current conditions, I think we'll see $30-35 as a key resistance levels. The price action is almost filling up a wedge, but I feel this wedge will extend a bit longer, hopefully...

Karam08

Marked out some key support lines I'm watching and a possibility of a H&S pattern if this plays out. In my opinion, TSLA won't break down from the H&S pattern if it does appear later in the year. But, it is a risk to be aware of. Provided the broader economy does not pull the market down, I believe TSLA will cross $1000 by the end of 2021. But there will be...

Karam08 Updated 

Linking my previous analysis below. I said I would load up on a few more shares if this touches the $6 range with broader market pressure, and guess what, IT DID (pre market yesterday). The lowest I caught it was around $6.85 But, the stock has closed the day with a bullish spinning top candlestick. Coming from a week of pressure, this is a great sign of a...

Karam08

NVS is a long term reliable dividend paying hold, but I try to be careful with pharmas. A lot of possible catalysts that can change the direction too soon. This is purely a trend line analysis. I see good indicators from trend lines in play and looks like the stock will re test the $98 high again before either a move up or down. I expect it to break downward by...

Karam08

Apple is out of juice -- it needs some Red Bull of a catalyst to change direction, and.... it doesn't look like it's going to happen. Like many stocks, AAPL is showing signs of a Head and Shoulder pattern. If AAPL (and so many other stocks) break the neckline next week, we're n for a ride.... down. BUT, with May earnings call, I think we could survive this one...

Karam08

Selling pressure looks a *little* exhausted when looking at the RSI, but still not a strong enough indication. Looking at the volume bars, the last 3 days have seen above average volume in the red. Monday + Tuesday will tell us if the Bulls enter and have above average volume -- if not, risk is still on. I expect Monday to show price recovery (just seeing the...

Karam08 Updated 

Look -- up in the sky! Is it a crash? Is it a correction? No, it's a sale! ARKK is at a critical support on the daily chart (right at the 200 MA on daily). But before I re enter, I like to zoom out and take a weekly chart view -- which is what I am presenting. The weekly chart shows that ARKK rallied upward too quickly for it's own good (we all love the Cathie...

Karam08

While we always look for bullish and bearish patterns, some stocks just fail. DVAX is forming a nice cup and handle on the daily. But zoom out to a weekly view and it doesn't look good. Stay safe and good luck traders!

Karam08 Updated 

I'm in TDOC, it has delivered more than I have expected, specially that December to Feb run we enjoyed. Fundamentals But, as much as I believe in the long term potential of TDOC, I don't think enough people know where the growth potential in the company comes from. This isn't just a telemedicine covid stock that many people think. This company has a vision...

Karam08

Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis) Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate. Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around...

Karam08

TSLA is playing in a bull flag, but within that, it is playing in a channel it was in almost all of 2020, until it broke out of the channel in Nov 2020 after the S&P announcement. I feel TSLA will continue to play in the channel. More specifically, I think there are some very easy swing opportunities between the $620 - 670 - 717 channels (red and grey arrow paths...

Karam08 Updated 

I'll be watching SQ closely on Monday pre-market and opening. Long-term, I think Square is a great hold, but there could be a nice dip entry coming our way with the head and shoulders pattern becoming obvious. There is news emerging that Square's cash app has been prone to hackers. There have only been 6 reported incidents according to Yahoo Finance, but if this...

Karam08 Updated 

What a juicy entry into Visa. I have worked closely with Visa, and these are some of the big points I think will work in their favour: > Right where the stock was before the pandemic crash in March 2020. What? > Olympic year -- Olympic years are good years for VISA as a TOP partner of the International Olympic Committee. Sure, we are a bit worried about how...

Karam08

Karamo is typin... (seriously though, we're done, chart says it all -- how, why, when, doesn't matter. Good luck).