biscotrip315

biscotrip315

I think this support is going to break and head down to the 443 area along the trade line. Coincides with a major support area as well. Possible further long term down trend in the future to consider.

biscotrip315

Just an observation where I think a long term trend is developing. I'll be holding my cash.

biscotrip315

Good morning everyone. Past couple trading sessions was very low volume so I'm not too worried about the support break on Wednesday. What we need to see is more volume come in the stock for a push over 28.75. We do that we can easily test the $30 area resistance.

biscotrip315

Nice breakout of the falling wedge by SHIB. If you switch to the 15m chart you'll see a clearer picture of another bull flag formation at the breakout. A lot of consolidation opportunities for people to buy. I'm liking the prospects going into the New Year. Remember, only invest what you're comfortable losing. This is a high risk, high reward trade. Stay safe and...

biscotrip315

Nice hold at the 28.79 area. Next test is the 30.50 area then TL with major resistance right behind it at 31.74 area. Good luck out there. Ape strong P.S. - This is the first time I've noticed a check box to abide by the house rules. For any sick asshole that attacks other people online, whether it a moderator or not, should do some soul searching and be a...

biscotrip315

Nice falling wedge on SHIB. Breakout puts it around the New Year. Wouldn't that be a nice way to ring in the New Year. Screw a kiss...Make me a millionaire.

biscotrip315

Well today was a sigh of relief I'm sure for a lot of you. Had a nice pullback into the 50 day and held. With positive news from the fed I have a good feeling for a gap up to test ATH tomorrow, potentially pushing on to 185 by end of week.

biscotrip315

Look at this clean rejection to form a nice double top. I'll be looking to enter into puts if resistance levels hold.

biscotrip315

Now, like I'm sure many of you because I know I am, are loving Apple's run here. Be aware of how far from the TL we are. I would expect somewhat of a correction here in the near future before we get further direction higher/lower. Likely higher. If you're holding options, be careful moving forward.

biscotrip315

SHIB continues to find support on the upper trend line (now lower trend line). Major support at the red line.

biscotrip315

Looks like people taking profits, which is typical for the month of December. I'm buying in this area. Resistance/Support Line Colors: Red - Heavy Orange - Moderate Green - Intraday

biscotrip315 Updated 

Rejected at a heavy resistance area and fell back below TL. Currently trading below major support in after hours. If those levels hold, this doesn't have much stopping it from coming down. Be careful out there.

biscotrip315

You need to break above 31.74. That's a major area of resistance. If you can't, there's not much catching this thing. Good luck.

biscotrip315

SHIB looks to be at a breaking point coming to the end of the wedge. Look for a break above the upper trend line or a break below the major support line.

biscotrip315

Can't post the 5m chart but this will do. If you follow me on Twitter I'll have the 5m chart posted. This morning you're looking at support in the 163.18 area and resistance at 164.22. Stock is currently trading at 163.64. Look for a clear path before you take a position. Likely going to continue to be volatile with everything going on.

biscotrip315

Since initial breakout of the upper trend line, we have found support on it. Other than support and resistance areas, not much to chart. Hope this helps someone.

biscotrip315

I couldn't be more happy with what I'm seeing. Textbook breakout on increased volume. We're in uncharted territory now, so I'm really excited to see what happens from here. Definitely loading more into my position as it finds support on the trend line.

biscotrip315

Well it happened. Clean break below the bull pennant on increased volume and found support in the $33 area. This was also due to the market selling off so take all of this how you will.