I'm waiting for momentum exhaustion. The current true market direction is bullish, however, we are approaching a key weekly and monthly distribution zone. Earnings are also around the corner. Should they do well, I expect action to pop above $305 - $312 zone temporarily and see what institutions will decide to do at those monthly zones. Momentum loss can be...
let the consolidation play and squeeze itself out this this week. no early entry on the retests! yes, it's the best R/R but you could be caught on a violent shakeout. 1) break support 2) retest old support 3) break overextension 4) confirmed entry
looking for a tilted H&S for extra bearish move down
Hold the line at $54.50 - $56. Next price targets set at 1.272 & 1.618s
Re-testing the bearish trend line. If we can hold it, PLTR continues to move up into demo day.
Need to re-test the resistance before confirming the move up.
Keep watch! It may finally confirm a breakout to the upside!
We're getting to exuberance! Dassss it - piling on the shorts as the market approaches 380. Dollar is weakening, all the money is going to STOCKSSS
Time for a breather! Entered shorts @ PLTR $30. Spotting for < 26 for a dip buy on the gap down.
China reported great recovery numbers and caused the market to pump, however there's a lot of tension with regard to the situation in Hong Kong, therefore making this pick somewhat risky. Take profits when you can and keep that trailing stop loss tight. We can easily pick up the 1:5 trade and be happy with it, but there's a real possibility that we can break past...
Why are my titles always cheesy AF? Still a shaky time for the market as we're getting increasing number of COVID cases and some states reverting back to a full, extended shut down, meanwhile we're getting more and more positive treatment updates. We could be at the top of this run, however the strength behind today's move gives me reason to believe we'll continue...
They now have an entry into the China market with the recent deal with $BABA and now they're entering the Brazillian market.
Divergences on volume and MACD. RSI has also entered overbought zones. This top has also exposed the current channel. I've entered a short position at 905.
Looking for a re-test on the double top at TP-1. I think if it continues to find its legs, we'll revisit the ATH's for TP-2, but the threat of Chinese stocks delisting is still a hanging over this stock.