Building further from my pitchfork analysis on BA earlier. I think BA has potential to move above $300 this year. I expected the move during the earnings week, but last Friday's move down suggested buyers are still not in. If this continues, I expect BA will either keep moving upward along with lower end of the pitchfork I shared earlier -- OR-- a potential...
Validated support at the 50MA ($298). Looks like we can expect an upside to 350+ RSI showing a nice bullish divergence. Good luck!
Looking at the pitchfork, measuring the length of the uptrend move from May 2020 to June 2020, we can expect BA to touch over 300$ by early Feb. Medium term Strategy: Take a small entry at current price, setting a stop loss close to $197. If dip validates at $197, I would average down with a second entry. Long term hold Strategy: Take a small entry at current...
This stock has been swinging within a 2 week timeframe. The next move upward is overdue. Pressure from Dec 31 sell-off and the Georgia runoff kept it grounded close to $30. It didn't break support channel, which makes me very bullish at this stage. Good luck traders!
I expect DIS to consolidate or start the drop during the last week of December. I look for a low to be formed by week of Jan 11, 2021 (target 153-160). Alternatively, with positive market conditions, we could see a final rally to 185 in Jan, before the drop to 153-160 in Feb 2021 close to earnings. EPS still negative, so I don't expect earnings anticipation to...
BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart. I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan. Side note: A Bearish divergence is forming on daily chart view as well. Price target: $617-653 (by March 2021)
Cycle Analysis suggesting that NASDAQ:GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021. Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has...
With the stimulus news just playing the markets very differently last two weeks, I decided to take a weekly chart on some of my key stocks and compare any pressure I expect from S&P's timelines on AAPL. Purple cycle: S&P weekly cycles Yellow cycle: AAPL weekly cycles. AAPL broke out a little earlier than I had hoped, which means entry targets have had to be...
I've had a few requests on AMZN. With the Stimulus ping-pong match going on, I've felt there is pressure due from SPCFD:SPX and NASDAQ:NDAQ in coming weeks. So I decided to take a weekly view with cycle analysis. I have added the S&P weekly cycles in the chart (purple cycles) along with Amazon's cycles (yellow). AMZN tested the weekly 21EMA a little earlier...
Nice bounce coming in for NYSE:WMT at the 50 day moving average. Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings. I consider WMT to be a good long-term hold...
A zoomed in look at MSFT daily chart from my previous analysis. The cycles and trend lines are still the same on this one, so I won't repeat those. MSFT bounced just a little early which is not convincing enough for me. NASDAQ:NDAQ will need a breather in the coming week after the stimulus news (positive or negative). I sense there is still a pull-back pending...
The vaccine stocks didn't explode this week as some of us holding the stocks were hoping for. Either the news was priced in for some stocks, or (as I believe is the case for TMO), it needs another catalyst to really jump back into its bullish channel (green channel -- which has a possible target of 530 - 560!) I have updated the cycles for TMO and think it sits ...
Disney is exploding on big news today (December 12). But don't get in now. Follow the cycle. NYSE:DIS usually peaks around 60 days before earnings according to the cycles.... December 12 is exactly 60 days before earnings. Blue Chanel: Disney's safest (and most sensible) bullish entry would be when Disney returns in the blue channel marked. Disney moved...
I love MCD. I even love their fries some times. MCD has done great during the pandemic. But this stock is tired. NYSE:MCD has seen a decline, while analyst have set a reduced price target of $225. This is achievable for MCD. But when? Based on cycle analysis, it would seem MCD's real momentum will only come through by Feb, hitting the price target or...
To 470 dip at earnings. If it loses the support channel, it's going Tom Petty. **Freeeeee Fallinngggggggg**
AAPL has played nicely in the cycle analysis so far. We are only about a week away until the minor dip entry in AAPL. If you have followed my previous analysis on AAPL, you will see the cycle analysis takes into consideration peaks and dips before the earnings.. Earlier analysis also explains the trend lines, where we would find strong support around $112 for...
Looking at cycle analysis on the weekly chart. Cash in the bag if you bought the dips! The stock has played beautifully with weekly cycles since July 2020. YES, it can crash any day. I hear you. But that's why you buy the dip in the cycle with a low-risk stop-loss. Entry: 183 during Week of December 14 Stop loss: 172.5 Exit: 220 (short-term holding) ...
Continued from my earlier analysis, here is a video with a slightly updated view if MSFT does rally towards the 225-230 range in coming few days. I don't expect the big move to come this month though, I am anticipating the all time highs towards Jan 2021 at this stage. Good luck!