Runway9

Runway9

BTC has gone down significantly from monthly consolidation zone and distribution phase is still intact. Looks like price is moving towards previous breakout zone $1,125. Distribution time remains valid until 1st August (cautious period). If current monthly bar reaches $1,125 then chances for a sharp bounce increases. Based on how bar is moving looks like momentum...

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SPX - Estimated Targets for end of Jan 2019(Accumulation and Distribution phases): 1st target is 3035. Since we have 4.5 months still in time frames I think it will hit even the second target. If China and USA settle their Trade disputes then second target should hit in no time...Chinese stocks will give a better returns than US stocks after these trade issues calm down...

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WMT - is positive in a negative market and is breaking from strong resistance. It has touched cloud top and there is one more strong resistance above it. Once it crosses the previous consolidation zone it should be able to make a much stronger move. Disclaimer: This is just my opinion, not an advice. Trade at your own risk.

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Considering it's long term growth targets and expansion plans I think WMT is a buy at current prices. Investors looking for a good stock for long term can buy WMT. There is a possibility that it can go upto $87. That will hit MA200 and retracement of 75% of range expansion. That will be a major support. For short term trading, I would go for strangle ($85 Put...

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WB is trading between support and resistance areas $103.5 and $108.5. If it breaks the resistance then don't be surprised to see $115 and then $120. Momentum is a bit slow for now and projects $118 by end of the month but that could change once it breaks the resistance. If it breaks down target could be $99 and then $95. Disclaimer: This is just my opinion, not an...

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ETHUSD - has a cup and handle pattern and broke out from resistance zone. It could go upto $1040. Note that Alts are growing too fast compared to BTC. BTC is still in consolidation zone...any negative trend in BTC could bring down alts too fast...so use Stop Loss carefully. So far...overall market is showing positive momentum...and BTC consolidation is good for...

Runway9 Updated 

BTC looks ready for another bullish breakout. The Flag pattern on daily and hourly time frame along with consolidation at current zones indicate possible upside. Daily RSI is just above bearish zone and it should stay above 60 for bullish support. $10K is very psychological level and expect some volatility...Targets should be $10,200 and $11,200. Weekly charts are...

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On a larger frame it has typical Cup and Handle pattern and on a smaller frame it has inverse H&S pattern. Keep an eye on it and see if it breaks the resistance this time.

Runway9 Updated 

I think BTCUSD is in consolidation zone...hovering below MA50. The chart pattern indicates basic Flag pattern and if it breaks the zone up...could go up to $9,400 zone. If it breaks down from the zone it'll go to $7,200 zone. Remember on daily scale RSI is still in bearish zone. It should scale above 60. On weekly scale it should go above 55 for a major bullish...

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BAC - Out of consolidation zone and expecting it to hit 32.5 in 2 weeks (two weeks maximum time required...based on momentum from past couple of days I won't be surprised if it hits the target in a week) Note: Always consider overall market trend before looking at individual stock trends. Disclaimer: This is just my opinion, not an advice. Trade at your own...

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FIVE - RSI and Money flow seems negative but price chart shows that it has been in a consolidation zone and ready for a breakout. It didn't fall much during market turmoil indicating investors belief in it. I think it is a good bet for long term investors in retail sector. Note: Always consider overall market trend before looking at individual stock...

Runway9 Updated 

SPX is finding huge support at daily MA200 and weekly support line (it is in a triangle on a weekly scale). If it starts going up from here it should touch consolidation zone 2750. But in terms of daily time scale there is weakness until 04/09 and on weekly time scale there is weakness in market until 04/30. If it starts going down it could hit 2450. Also basic...

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MU - It swiftly moved from consolidation zone and reached 1st target quickly. My 2nd Target is $65 by May 25. Based on its momentum it looks like it can hit the target before or immediately after the earnings date (23rd this month). Fundamentally - at least for short term there is a lot of demand for its products and there is supply shortage for now. It is a good...

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BAC - looks like it is ready to overcome resistance this time and is significantly moving away from consolidation zone.

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S&P500 retraced 61% of the fall and turned back again (a typical ABC correction). MA50 is acting as a strong resistance. Most of the earnings are out and there isn't enough substance to push it further up rapidly. I think market may not have typical C wave (1.6 times of wave A) but MA200 is something to monitor closely. Markets might continue to have higher daily...

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The chart I am publishing here is a short term one. For long Term investment I believe it is 100% buy. The price is at resistance zone. Most probably it will break the resistance and move up. Next week most probably it will release one of its new chip to the market. Remember to consider overall market direction. Lately the market has been very volatile. If the...

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As of now FSLR is right above support zone. I would stay away from it for short term. I think Trump's tariff on Solar Panel imports doesn't help it. Before Trump imposed tariffs on Solar Panel imports...imports have surged and there is an estimated 6 month supply in storage. So...I don't see a big business for another 6 months. Also...a few groups in Solar...

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I think current price discounts all the negative information related to QCOM (Apple moving to Intel, Regulatory fines etc...). If AVGO acquires QCOM then you'll have 25% return. If AVGO doesn't acquire QCOM and QCOM acquires NXP then that will be a huge plus for QCOM. NXP acquisition increases QCOM's margins down the line. 5G launch (Pilot phase in 2018 in USA...