aaronbasile

aaronbasile

Into the final minutes, $DWAC was trading at $39 a share at about 3:58pm. It then flushed to $36.69 by 3:59 only to reverse and close at $42.29 by 4pm. It hit a high of $59.39 before closing at $55.40 after hours. This is off of news that they have reached a fundraising target. With Jack gone and the recent distribution in names like $TWTR and $FB, is this a...

aaronbasile

Ether has put in a textbook consolidation pattern to get through the $3450 area of resistance on the daily timeframe. However, it has one final hurdle at the $3590 handle which is the weekly red bar high. A close above that level by the end of the week give ETH the green light to re test all time highs.

aaronbasile

The major indices like AMEX:SPY NASDAQ:QQQ have held up well despite talks of the delta variant though peeling back a few layers shows that there are underlying concerns. Many biotech, cloud software, and stay at home names are showing strong chart patterns that are poised to move higher. Among those names are NASDAQ:IBB NASDAQ:GILD NASDAQ:ZM CRM and ...

aaronbasile

Institutions pumped $AMC last Thursday to create retail fomo and call buying. Now the stock is being faded as we get closer to options expiry this Friday. This type of action happens all the time as amateur traders don't understand the in's and out's of how the market functions.

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aaronbasile

Lumber now negative on the year. I called for a cycle top and reversal for the week of May 3-7. Top was put in on May 10th.