And another one:
A New Year and a New CAT?
From what I see, CAT is forming a nice bullish flag here on the monthly timeframe. There has been a nice back test on the weekly timeframe which gives me conviction in the pattern I see forming.
Using technical analysis to form a price target, I see a conservative price target of $285 to $300, with the potential to go...
And Another One:
A New Year and a new CAT?
Seems like CAT is in a bullish flag here folks. This pattern is playing out on the monthly timeframe and a nice backtest has already occurred on the weekly timeframe. But don't worry there is still plenty of time to get in, considering that this is on a longer timeframe.
Using technical analysis to predict future...
Back at it again here folks,
Seems like MRNA is forming a nice flag pole pattern.
Today's price action hit the previous high of around 204 and then retreated slightly (as expected). It is also good to see that these sharp price increases were influenced by higher volume. I believe this will hold and continue to make higher highs, but we will see.
I have a...
Hey folks,
From what I see Boeing is setting up for a nice move upwards.
There is a double bottom pattern here and has broken the neckline. Currently, price is consolidating. Eventually, the price should break out of this and hit the purple area, which might act as resistance. Interestingly enough, the MA is also hovering near this purple area.
But, I expect a...
SHOP looks to be in trouble here folks.
Currently under both 50 and 100 MA and is back under a trend line that goes back to April.
In addition to this, there is a bearish RSI divergence. However, there has been strong support at the $30 area where it has bounced several times.
Remember that the more times a support gets tested the weaker it becomes and the...
Amazon could be in trouble folks. I saw this pattern yesterday and today's price action gives me conviction that what I saw was correct.
This chart is on the weekly time frame, so this is a long term play (likely months as opposed to weeks or days and not for day trading). There is clearly a double top that occurred and the support has broken down.
Today's price...
Here goes post number 3.
SNAP seems to have found support at the 48-ish area, as it bounced up higher. The fib retracements and support/resistance lines seem to match up here. On April 1, price closed at let's call it 54.50. We should have expected this because of the fib retracement and the resistance line.
Diving a bit deeper and going into lower timeframes,...
Congrats to myself on my second post. My first post on TSNPD took a bit longer to breakout than anticipated, but eventually it went my way.
Today's close was in between the fibonacci golden pocket. This occurred previously and as you can see on the chart, price increased dramatically. It might take a few more days for the action to play out, but I anticipate a...
Using support and resistance, candlestick wicks, and Thursday's (March 11) close of a doji it is possible we have found a key weekly support level at just below the $3.00 range. Could possibly fall a bit further to $2.75-$2.85 range. RSI signals that this stock is oversold. Stock could find it's next resistance at just below $3.50 level and if it clears this,...
