MrxMvP

MrxMvP

After yet another monster move for TSLA, I am not moved. Today's move confirmed a bullish break of the smaller wedge with the much larger wedge (signified by the red and green trend lines). Long story short, I see a move into the gap above which should bring TSLA to around $285 before it starts its fall down to at least $235 . Still unclear whether it will...

MrxMvP

NVDA has been the golden child of '23 for sure but I believe it's time for it to take a breather. I don't think such a large gap will go untouched for too much longer. I know I'm not the only one seeing this, so I'd expect there to be some games being played before we get there, either way I'll be positioned well for this fall. The higher it goes, the better the...

MrxMvP Updated 

It seems obvious now but SPY will be headed into this target area and possibly lower to find a bottom around $290. The monthly 50 EMA has proven to be consistent support but I believe we're on pace to break below it again for the first time since 2008-2010. After this summer's bullish correction, the market will be ready to make the real move into bear and...

MrxMvP

I'm new to charting this asset, but based on what I was able to chart here on the 1H, it seems very clear to me that a considerable fall is looming. I could see it consolidating a bit at the top portion of the uptrend channel I have drawn up. I'd expect it to take a dive by mid January 2023 at the latest--> $1.18596 is my price target. Of course Only Time Will Tell

MrxMvP

CRM looks to have lost its bullish momentum. My guess is that it'll consolidate near the $312 resistance before ultimately falling to AT LEAST $287. My bold prediction is that it'll fall to $267 by Dec 10 and use the top of the gap as a support for a bounce but...Only Time Will Tell

MrxMvP

Aphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward...

MrxMvP

$FCN has been on a run for a little under 2 months consecutively. Today, it double topped at $145, which leads me to believe we may see pullback. Will that be enough to end this great run? I sure hope so in favor of my current short positions. But as always Only Time Will Tell.

MrxMvP Updated 

LGIH has been on a great run over the past 2 weeks. I love this company in the long term, but I see a shorter term pullback coming as soon as next week simply because it has had 11 consecutive green candles on the daily, and the there is now a divergence in the current trend and the daily volume. I'm betting on a fall to at least $120 before April. BUT Only Time Will Tell

MrxMvP Updated 

Beyond Meat looks to have found a moving support at my trend line, and I believe it will make a move to the 200 EMA in the next few weeks, and hopefully extend back above it. Expecting a $10 move upwards to ~$140 at least by the end of April. But Only Time Will Tell.

MrxMvP

Marcus is looking like a good buy at its current price, but I would feel even more comfortable buying below $20.50. I see long term potential as the world tries to find a post pandemic normal. Keeping an eye on this one for sure. Only Time Will Tell.

MrxMvP

I don't know much about the current state of the company, but this Head and Shoulders pattern that's playing is all to textbook to ignore. The rest of this month will likely complete this pattern. Strictly from a technical perspective, I can see the stock falling to the $32~$34 range. OR it could takeoff to another galaxy. Only Time Will Tell.

MrxMvP

The general market has been fighting a ceiling for the past 6 weeks and counting. The market is so overextended that it has become very fragile in nature. We're basically waiting for that feather that breaks the camel's back, or in the case of potential COVID-19 resurgence, rising unemployment rates and/or interest rates, it could very well be a BOULDER instead of...

MrxMvP

AQB seems to be posting a pretty solid HAS pattern. The right shoulder has yet to really play out, but it looks inevitable. Assuming the HAS pattern does play out fully, I'm expecting AQB to ultimately test a support around $6.90, and maybe even as low as $5.90. As always, Only Time Will Tell. *NFA

MrxMvP

Li Auto was looking very good to me, but now I'm not so sure. Typically, the textbook Bull Flag that it created would already have experienced a breakout. The elongated symmetrical triangle is also not sending any clear signals of which way it'll go. With volume low and earnings looming, we have seen LI find support and cool off. I still remain bullish behind the...

MrxMvP Updated 

Very exited for AMD next week since it finally broke its short term down trend channel, and closed above its previous uptrend represented by the orange dotted line. If the next daily candle on Tuesday holds above the uptrend line, I'll be very bullish for a breakout to $100, but $97 is my conservative price target. *NFA*

MrxMvP

I expect this next week for Dollar General to be an overall green one, but with very little movement. DG has been struggling to maintain its price above the 200 MA, currently resting above it by a thin margin, and last week found resistance at the 50 MA, which ironically was at our $205 price target for last week. Worst case scenario, DG falls to test its proven...

MrxMvP

The trend is strong with this one, but so is the hype. Even rocket ships need to refuel. A slight, healthy correction may be due. OR maybe not.

MrxMvP

A closer look at DG using a time interval trend theory on a short term time-frame.