fjack1928

fjack1928

Howdy Traders! Over the last few months, a clear zone has emerged at the price range of $10.85 - $11. This zone has at times acted as a support, and other times as a resistance point. In this trade, the light blue zone is acting as a resistance, in which NASDAQ:WBD is failing to break through. In the last few days, it made contact with the zone numerous...

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Howdy Traders! Recently, NASDAQ:AAPL has been creating this consolidation. *Personally, pattern types are invalid in trading. Trades should not be conducted and executed only when a 'flag' or a 'wedge' emerges. Instead, use consolidation. It is a definite thing that a stock has consolidated. Back to the charts. With this consolidation, it can be noted...

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Howdy Traders! Over the last few months, NYSE:VZ has been stuck in this bullish parallel channel. However, recently with the positive earnings reports, NYSE:VZ has broken-out from the top resistance. With this breakout, the price target is at $38. Buena Fortuna (Good Luck)!

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Howdy Traders! In this chart, a clear parallel channel is present. As of right now, NASDAQ:AMD has broken out through the top, and has headed to the golden resistance line. If the breakout in the upwards direction becomes successful, then NASDAQ:AMD will head towards a price level of $124. In the long-run, this shows a bullish trend, since NASDAQ:AMD is...

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Howdy Traders! In this quick trade (QT), we will look at this short on $XOM. It has came down from the previous $104.50 - $104.80 range, and has used it as a resistance. The move for NYSE:XOM is to come down to the previous largely used support level of $100.50. It might bounce up from this level, or it might just fall right through to the $97 level. Buena...

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Howdy Traders! This is a super quick chart reading. NASDAQ:MU has created a parallel channel. The channel is bullish, and the stock broke-out to the bullish side, confirming that. The price target for this trade is $70.05. Bona Fortuna!

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Howdy Traders! This is a short post to notify you guys on the downwards break of the parallel channel for $META. The price target is around $278.49. Bona Fortuna!

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Howdy Traders! A large break-out for NASDAQ:NFLX is right around the corner. With earnings on the way, a 8-9% move can be expected. In this chart reading, NASDAQ:NFLX has created this wedge, and as of now, it seems as if it has broken through the top resistance. As long as it doesn't break downwards, the price target currently is set to $498.29. Bona Fortuna!

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Howdy Traders! This is a short notification about a trade opportunity for $VZ. In this trade, NYSE:VZ has broken out of a bearish parallel channel. This is a short trade, and the price target would be $28.73. *It is important to know that NYSE:VZ has upcoming earnings which could alter the direction in which it is headed. Bona Fortuna!

fjack1928 Updated 

Howdy Traders! This idea is more of an informational piece as opposed to an idea representing a strong trend headed in a certain direction. Recently, we saw a strong bullish trend for $NASDAQ:TSLA. Many are wondering to what point this is all headed towards, and at what point the reversal will begin. The hopes of this post is to address this question. When...

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Howdy Traders! In this quick chart reading, we will be looking at $KEY. A large support (white) and a resistance (orange) was created. As of now, NYSE:KEY has broken through the top resistance (orange). The plan for this trade would be as follows. If NYSE:KEY successfully rebounds at the orange resistance level, it may then be a great bullish push towards the...

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Howdy Traders! Over the last few weeks, a clear NASDAQ:NVDA consolidation was forming. It can be noted that there is a great resistance area around the $431/$432 price range. In addition to that, the price has also created a positively increasing support line. NASDAQ:NVDA has basically created a triangular pattern. With this information, two target prices...

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Howdy Traders! I would like to inform you guys on another bullish trade for this and next week. NASDAQ:GOOG has been creating a strong parallel wedge, and it was just today where it broke-out of it. Although this may be a late post, the price target for NASDAQ:GOOG is sitting at $128.35. However, the take profit zone would probably be around $128, just to be...

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Howdy Traders! This is just another super-short chart reading. In this case, NASDAQ:AMD is creating a parallel channel (blue one) within a larger parallel channel (the green one). The green channel has been valid since last year since it's really long term, and the price respects it. If NASDAQ:AMD breaks out of the blue channel upwards, then it will be tested...

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Howdy Traders! NASDAQ:TSLA seems to be creating the same set-up as the one seen in the idea linked down below. With this trade, the price target is set to $291.77. In this pattern, TSLA is creating two parallel channels, the same way it has done not that long ago before. As of right now, TSLA is getting really close to the top resistance ($263.43 price range),...

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Howdy Traders! For the last few weeks, NASDAQ:TSLA has been creating this head and shoulders pattern. As seen in the chart, two shoulders are visible, and the head is right in the middle. If this trade succeeds, then the price target for this trade would be $221.37. Good luck!

fjack1928 Updated 

Howdy Traders! I just wanted to share a possible trade set-up I found on NYSE:CCL when looking at the 4hr timeframe. If done successfully, this set-up could return about 7.5-8%. The exact direction of this trade however, is not yet known.

fjack1928 Updated 

Howdy Traders! NASDAQ:TSLA has broken through the top resistance of $191.98. As of right now, it hit the $191.98 price level as a support, and perfectly bounced up from it. It now might potentially shoot up to the price target of $242.46. Updates will hopefully follow.