dmkelley721

dmkelley721

I see a Descending Triangle pattern forming with support around 165.73 and a possible br3akout to the upside if it breaks above the 170 level by early to mid-May. Of course, I could break upwards dep3nding on how the earnings call goes tomorrow...

dmkelley721

Which way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...

dmkelley721

Would short it if I could carry the margins required...

dmkelley721

Where's the bottom? If you have an idea, please answer in the replies...

dmkelley721

Trading at 19.59 now. Weekly RSI at 82, but hourly RSI at 32. It seems like an entry point on the hourly charts, but an exit point on the weekly charts. As a momentum trader, this is where I usually get stuck. Seems like an uptrend, but volume is decreasing... Anyone have any thoughts on this? Is there any more upside to this trade?

dmkelley721

SP 500 finally reversed direction today, after a few days of slowing down. This was a lesson in trusting my indicators as I exited my long positions last week, thinking the reversal would happen earlier. Well, now I just wait until end of November when I'm expecting it to hit the next support level of around 4100. Still wish I had a margin account.

dmkelley721

Seems like the market is all over the place right now. This looks like a double-top for META and its approaching overbought territory along the current trendline. So, I'm guessing it goes down to around $306 by next week... we'll see from there...

dmkelley721

It looks like NDQ is at a "swing high" level and I'm guessing it's going to push down at least until mid-month. Next key support line is around 14000. Wish I had a margin account.

dmkelley721

It seems like Adobe is getting major resistance at around $561. Looks like a "triple-top" to me, my guess is that it goes down from here. Considering the DJI, SP500 and NDQ are all reaching overbought levels in a downward trend, I'd say now is a good time to get out, or short if you can. If it breaks through $550, then it looks like the next key support/resistance...

dmkelley721

Looks like next support line is around 104. But their earnings release is on Thurs, so who knows, maybe they will beat earnings...

dmkelley721

Cast your vote... I see a head and shoulders pattern so I'm feeling bearish. Im guessing 4000 by Dec 31st of this year., but wanted to see what others think... Trying to set up a trading strategy and wondering if I should just wait a couple more weeks to see how this plays out. Thinking about maybe doing some options trades. Whats your prediction for a date and...

dmkelley721

I mostly follow tech stocks and am a fairly new charter. I have been following AMZN for awhile and it seemed to develop a nice trend line from May through June. Now the trend seems to have changed angles? Does anyone else see this? At first I thought it might be related to the interest rate changes but the FOMC held steady on the last mtg and there doesn't seem...

dmkelley721

I exited my position with TSLA this morning because I see a possible trend reversal. Granted, I got in really late in this pattern, so maybe I'm just jittery, but I'm wondering what other people are seeing. TSLA has crossed over the 20 and 50 day MA on the 10 day and 1 month chart. Do you see a head and shoulders forming? Is this a retracement or a reversal?

dmkelley721

Dont know where the bottom is... Any predictions?