Everything can't always be a victory but the downward breakout did fake me out last week, and finally gave in to closing my position. Interesting to see how people are playing this going into the interest rate discussion tomorrow and Wednesday. This is one currency I am sitting out on. Let me know your thoughts for people playing this one!
Descending Triangle, price is getting squeezed. I am a believer of it going further down. I am not a bear in any way shape or form, however every chart I am looking at indicates further lows. Are the big boys shuffling around money? Maybe it is time to start looking at institutional shares owned and volume being traded? One thing I know for sure, people make...
TSLA broke through the support on the Wedge Continuation. I am 100% an Elon Musk fan, however the charts are showing this is headed back down to $324, and might fall back to $280.
The overall trend has been downward since earnings, NVDA is now at the end of a descending triangle and will have to react. It also is at the top of a downward channel pattern. If I was a gambling man, I expect to see new lows coming in December. Wonder how that will play out in the crypto?
Message for entry, take profit and Stop loss marks.
Expect NFLX to drop back down to $245 by Wednesday Dec 19th, 2018.
The double top did occur has mentioned previously, continue to ride this wave down. Will it hit $1400 in December?
Expecting further declines in UFPI for the remainder of the year and into January.
Expect UNP to continue to consolidate early this week and start to rise over the next couple weeks.
Shorting VKTX back to $7 and possible $5.50.
Short WDAY for the next three days. Believe there will be volatility in the overall market due to FOMC and interest rates on the 18th and 19th.
WDC has hit the support line of a 2 1/2 year low. Looking for leaps, or long term equity play.
Waiting for AKAM to hit ~64.50, then riding it back up to the resistance line.
Apple continue down to the next support area of around 161.
Believe it will it the resistance line and boucnce down. Ride it up to 113.64, then back down to 111.74.
Long on LMT as the wedge reversal hopefully breaks through fights and conquers the resistance tomorrow.
Bullish on Microsoft for the remainder of the week. I will switch to bearish once it hits the resistance line.