The_Gains

The_Gains Updated 

Updated idea model with redrawn support lines. Should bounce here, if not i'm buying more shares at 32 and 24 if it gets that low.

The_Gains

Excellent buying opportunity at $26 for RDDT *This is not financial advice*

The_Gains Updated 

Normally don't use exponential moving averages but assuming the past holds true this might work. Granted, the interest rate/inflationary/political climate is much different now than in 2021 so price action may not act the same but all else held constant I think we could possibly bounce off this level.

The_Gains

Massive head and shoulders forming. We are literally 5 points away from bottom here, there is literally no down side. If this fulfills it is an EASY play

The_Gains

As we can see we had a bearish break below the wedge/flag. This is indeed a reversal indicator. We can see this pulling back to either the 1.272 or the 1.618 fibs. Great DCA levels.

The_Gains

My bear case scenario for VSCO has the stock dropping to about $5 before heading higher. I will say current price is finding some support (horizontal green dotted line) which if it holds can cause a wedge to form sending us higher. That being said, I dont think the drop is done. If you are going to buy at these levels it is not a bad idea, but dont go all in and...

The_Gains Updated 

Potential bullflag breakout on the daily as well as confluence with an MACD bullish crossover on the daily chart. I'd buy some options here.

The_Gains

As we can see before a big spike in vix we have a consistent historical pattern of getting wedged. We recently broke out of a major wedge hinting that we may be in for some high volatility.

The_Gains

Could maintain this expanding megaphone structure and touch bottom before heading higher. This would have confluence with a bounce off the 1.618 fib.

The_Gains

Lines up with the 1.618 fib which can act as major support on falling price action. Solid long entry IMO, time will tell.

The_Gains

If AMD and NVDA correct, this is the likely the worst-case bear case scenario for AMD. I have a feeling this is just a much needed pull back but this is just my bear-case analysis. Per @novamatic, the 1.618 fib acts as a "knife-catching" magnet. Using that along with the confluence from historic support, we can assume that will be the "bottom" on the correction.

The_Gains

I can see Disney pulling back to support (upper line of parallel channel) creating confluence with the .236 fib. Wouldn't play this short but would 100% take a long at around that price range ($88-$90).

The_Gains

Danger looming, watch for a neckline break... could pull back to the .5 fib.. if we break past the resistance line above the right shoulder, we are in the clear for more upside.

The_Gains

If this neckline doesnt hold we're going down to $120. mark it.

The_Gains

So much confluence here its insane. Between the .786 Fib being a magnet for the .236 and price touching the bottom on the rising parallel channel.\ buy buy buy buy. I'm long 30k shares LOL

The_Gains

Look at it, its beautiful. It should continue to range within the wedge and we are currently at the bottom. Some 6 month out calls should do really really well as well as some LEAPS. Buy buy buy buy!

The_Gains

AMD's main competitor intel is teaming up with google and qualcomm to take down NVDA via the UXL Foundation. Further, intel just got a massive 20 billion cash injection from the federal government. this will give intel a massive competitive advantage over AMD. AMD is currently forming a head and shoulders formation. Leap puts will print.

The_Gains

very similar to the previous formation. I'd play this one with caution but it may serve as a good buying opportunity if it plays out like how it did in the past.