Netflix has shown that two key trend lines have significant importance, identified by the red (upper) and green (lower). Ideal buying opportunities can be identified when price trades near green, while below green can be considered a value buy. Netflix has repeatedly show that once price breaks Red, it will eventually test Green. I've identified a distinct...
I believe Tesla has finally turned the corner. All those cries of fraud and bankruptcy from short sellers will slowly drift into the red sea. Model 3 is the cash cow that propels future growth. To reflect this shift, I've take an early stab to project the trajectory of tesla. Using this pitchfork i can project a $545 PT by Jan 2020 seems well within reach if...
Tesla off the 200 week moving average has been a good place to buy based on its history. The last few times these test have resulted in a rebound to at least the median of the pitchfork (which would be around $340 right now). My stop is a weekly close below $260.
ETE has been casually dipping it's toe into solid support (green zone aka the go zone). I expect this to rebound strong over the next few weeks. A retest of the $19.75 level would be a good take profit target and longer term i expect a visit to the blue box in the $23 dollar range. This stock also pays a huge dividend and has very good financials, i'm looking to...
MU selling off in the after hours, i'm expecting an emotional selloff after a big down day on all the indexes. Green box is the go zone, Fib and 50 MA support. I'm buying the dip.
BA has fallen from the sky, looking for a safe landing spot. I have marked 2 possible zones where BA could get some relief. First zone (red) i see as weak support, possibly causing price to retest the .786 fib ($314) then back down. Second zone (green) i see as very strong support, which i expect a strong rebound to happen. Landing in the green box provides .618...
TTWO is on very thin ice right now. TTWO has be under-preforming the other game stocks for the last few weeks. The breakout i previously predicted looks like a textbook blow-off top. There is not a lot of support below $100 and once that breaks i expect it to move quickly to the low $80s / high $70. Fib support (.5) and the 100 unit moving average await this...
Here is a pitchfork of BA, as you can see BA is right at the top of the channel. I expect BA to struggle to move higher without a correction. The stock should test the median range of the pitchfork, which corresponds with the 100 unit moving average as a good area to bounce. Please note this is a long term trend.
Good spot to pick up some TGT. Lots of support (100 EMA, cloud and previous resistance). Additionally, TGT will be on a red 9 on the TD indicator, so a good spot for a price flip (at least temporarily). I'll put an $83 to $85 target on this, with timetable of 4-8 weeks. Bonus bullevidence... upcoming golden cross of the 50/200 EMA on the weekly.
ATVI is one of my favorite stocks. It's important to look at the big pictures when making an investment. Game stocks in general have been in a bull run for 5+ years, but historically ATVI is fairly valued with huge upside left. I expect ATVI to test the upper blue channel of the pitchfork in the future, which if that happened in the next few years would make for a...
Amat has been on a tear since earning. I think we will see a small sell off as we approach the 9 sell on the daily, we should test the 100 EMA and then start the accent all while forming a nice clean handle that should lead to a breakout!
Trade sets up nice. We are at a 8 on the daily, expect a test of the lower trend-line Mon/Tuesday. Earnings come out Tuesday after the bell, if positive it will be good convergence with the ascending triangle and time indicator.
JNJ is currently forming a bear flag, which if confirms to the down side, projects to drop into the box (around $117.50). Lots of resistance overhead, all the moving averages and the .236 fib at 133. The more time JNJ spends below 133, the more likely it is to break down. Trade carefully