TomDaSpankEngine

TomDaSpankEngine

Textbook C&H pattern ready to breakout. Oil will likely average above $100/bbl in 2024.

TomDaSpankEngine

TSLA chart looks like a steaming cup of joe, not to be confused with sleepy Joe. Heading to 300+ shortly. I don't make the rules. I just follow the price action.

TomDaSpankEngine

See if you can guess it correctly. Earnings on 11/13

TomDaSpankEngine

Beautiful 5-wave move off the 2020 low for Wave 1. Now working on Wave 3. Stunning C&H pattern with an inverse H&S to boot. Share price heading towards triple digits. Industry tailwinds are strong.

TomDaSpankEngine

If you guess "inverse head and shoulders," you are correct! Clean breakout over long-term resistance line (marked in red). There is a strong likelihood that the share price will approximately double over the next 12 months. 2024 is an election year.

TomDaSpankEngine Updated 

The pullback in oil has either just ended, or will end after one more leg down. In my opinion, it is a higher probability that the bottom is in and that we will begin a new uptrend from here. However, there is the potential for one more leg down, which I would expect to find support along the bottom of the trend channel or at the 0.618 retrace at about $56 if it...

TomDaSpankEngine Updated 

VTOL will benefit from the resurgence in offshore drilling as their fleet of helicopters becomes more in-demand. Also, the chart is technically beautiful. Clean 5 waves up off the COVID low, followed by a kiss of the 50% retrace. Sell zone is $175-290. The sell zone will narrow as time goes by.

TomDaSpankEngine Updated 

RIG with a solid golden retriever breakout. Once in a lifetime pattern that could yield unparalleled returns.

TomDaSpankEngine

Call it whatever you want: an inverse H&S or C&H, it is bullish. Fundamentals are strong with the offshore recovery. Trading at a deep discount to NAV. Excellent management team. Not financial advice.

TomDaSpankEngine Updated 

I was hesitant to publish this chart because the extreme upside it shows will likely be viewed as unrealistic. However, HROW recently decisively broke above its 4-year trend channel as business developments have been quite positive lately - particularly with IHEEZO. This is a rare setup where the fundamentals and technicals both align for a sharp move to the...

TomDaSpankEngine Updated 

TSLA with a very bullish setup. Clean 5 waves up and 3 waves down. Broke through the resistance curve and successfully retested. Fib extensions point to $520-700. Shorts will cry.

TomDaSpankEngine Updated 

Doesn't get much simpler than this. Clean bull flag breakout. Likely heading to $15+ in the short term.

TomDaSpankEngine Updated 

Looks like an inverse H&S. Expecting a move up to the $80-85 region

TomDaSpankEngine Updated 

One of the cleanest setups I have ever laid eyes on. Clear impulsive 5-wave move off the low with each wave tagging ideal fibonacci extensions. The pull back was also 3-waves and perfectly tagged the ideal .5 fibonacci retracement. The last confirmation we need is for price to break above the previous high of $8.11 to confirm that we are heading to double-digits....

TomDaSpankEngine Updated 

SWBI has a very bullish setup. Wave 2 may need one more leg down sub-$11.50, but it is not required. Appears to be a very high probability double over the next 12 months.

TomDaSpankEngine

HROW with a nice impulsive, 5-wave move off the low. HROW needs to hold the 0.618 retracement ($18.75) on this pull back, followed by a rally above the $19.95 local peak set today for further confirmation. Very bullish on the long-term prospects of this ticker.

TomDaSpankEngine Updated 

Ford with the fake breakout on the heels of the TSLA deal. Likely heading to the $6-8 region by late 2023-early 2024, then I will buy in that region for the move up to new ATHs.

TomDaSpankEngine Updated 

Not the time to be long. Head & shoulders pattern with open gaps to fill below. No remaining support.