If you're not already in AMC I would wait for a clear break through $32 before it continues up towards $36. Otherwise I would wait for a pullback to the $27 area.
NVDA has been climbing up back to the top of this channel all day. I will be looking to buy puts around $324
Whats up guys. Haven't posted in a long while but looking to start posting more often again. For those that haven't seen my ideas before I use very basic trend lines and Fib levels to determine entries and exits on large companies like TSLA, FB, AAPL, etc. I then use options to maximize earning potential, typically looking at those expiring within the current...
Looks like Peloton might have hit its peak for the time being. Good chance it retraces to close the gap it made around $40.
Facebook is currently flirting with disaster after breaking through the 200 MA on the 4 hour chart and the $200 psychological price level. It should keep heading down the rest of this week and into the next before finding support around $190. At that point I would scoop up some discount shares.
Netflix looks to be repeating the same rising wedge move it made back in July. The last couple days showed some key reversal candles and if today ends with a bearish engulfing candle the move will be confirmed. Look for support to be found around the $360 area
That quick selloff today tells me big money is scaring off small investors before moving the market higher next week. Be wary though if Apple falls below the 200 moving average on the hourly...
Tesla has tried to make a move into the upwards moving channel today. If it cant keep up this momentum and returns to its downward channel we could see it hitting $700 or possibly even $680 very quickly... again this is if it breaks back below the trendline (which would currently mean a move below ~$780)
Tesla has broken out of the downtrend channel and is heading back up. If it continues this trend it will likely close the gap that was made around $850 a couple days ago before heading back down. The only real support heading down is around $550.
FB is now trading above the 50 MA on the hourly chart and is heading up. It should keep trading up in this wedge until it hits resistance around $216.
Stellar has finally traded above the 200 dma and is heading towards a major mental milestone of 1000 satoshi
Yesterday showed very strong bullish movement for ROKU after support was found around $130. The bears kept the price down today but we are now resting again on moderate support around $134. If the bulls make a strong move I think we could see a gap up to the 50 dma around $142.
GLD has hit major resistance around $145. In addition, it is forming a shooting star on the weekly chart. After three months of green weeks, GLD is definitely due for a correction. It will likely find support around $136
If we zoom out to weekly candles we see that SPY is still trading just above the 50 dma and way above the 200 dma. The last two weeks show a doji candle followed by a bearish engulfing candle. In addition, we opened this week below what is now resistance at $288. I believe we will see SPY test the 50 dma (~$280) by the end of the week. At that point I would sit...
Zynga tried to break out of its downward channel today and met strong resistance around $5.80 The stock should fall to the 200 dma in the next week or so. Price target $5.20
Bitcoin is still moving within a downward channel after a false breakout around 12k. There is resistance from the 50 dma that should force bitcoin back to previous support at 9k.
Watch for Facebook to test the bottom trendline in the next week or so. If it breaks through it will likely find support at the 200 dma... around $170