Apple broke out of a year long ascending triangle back in the beginning of July. Right now, again it broke out of a month long symmetrical triangle with volume confirming the move. Last Friday was a doji pattern, which means we can wait and see if Monday will be a down day presenting us with a better entry. Looking at the 1H chart, there's support at...
A newly IPO-ed company that wasted no time in surging almost 10X in less than a year! Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will. With that, we can look for better entry since price is currently already near the upper channel. There's a couple...
Technically, PLTR is in an uptrend now with registered higher high and higher low. The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us. Target profit 1 set at $27 i.e. next resistance. Will observe price action again to see if target profit 2 ($31 area) is...
Broke out of a down trendline. Had a 10+% surge up at end of July. And price is not consolidating. Anticipating another 10+% burst up soon. Perhaps a better time to enter is when the 20MA catches up. Target profit also coincides with a resistance at about $780. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart...
There's a likely hood that it might continue to rally to 46k area but my bias is towards another retracement. However, I'm waiting for rejection in some form of price action at the 4H chart. Currently, it's doesn't look like it yet. There was 2 long tail candlesticks, which usually messes up price action reading. Anyway, potential 2k upside is still plausible...
Natural Gas might have broken out of its down trend with a H&S at the turn of the year. As usual, there's always a pullback but since April, it has rallied till today. Multiple consolidation pattern can be observed from the 4H chart, and this last consolidation pattern might be its last burst up before hitting a resistance drawn from the Weekly chart. Depending...
Could the Simple MA 200 at Daily chart (I used 1200 on the 4H chart) be the resistance I was looking for? Could this be the forming of the head of the H&S pattern at 4H chart? A small double top at 1H. Monitor the 1H for better entry. Could have a good change to enter within the next few hours. 44400-44800 looks like a good place to scout for price...
BTCUSD has been in consolidation for about 2 months. The recent surge might have shown some signs that the down trend is over. However, I think it's still too early to say so. At the 4H chart there's a H&S pattern. Nonetheless, price bounced off strongly at the neckline. And now there's a build up/ consolidation which is a sign of an impending up move..about...
In my previous post, I (wrongly) used the Fib. Retracement tool to forecast that the E-mini S&P500 will reach 4600 area before having a correction. Right now there's actually a build up at the end of 2 week consolidation (the white box). If it does breakout, the projected move will be at least 190 points (Calculation is from the previous low to the high of the...
Price broke down down back in mid July and the up trendline supported well. It then retraced to neckline and followed by a small sell off before stabilizing at current price. It seems like price is going to be in consolidation for awhile. Depending on the price action of the consolidation, that will give us a hint on its next move. As price is currently in the...
Upsloping H&S pattern. Weak rebound from neckline. Possible area to start shorting at $58-$59.50 Target profit 1 area at neckline/ up trendline i.e around $52.50-$52 Target profit 2 area at next support around $48.50-$50 Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd...
CZR bounced off a year long up trendline + horizontal support with a long tail doji yesterday. Slight sell off today, thus presenting us a good time to buy in. Target profit 1: Next immediate resistance at around $100 giving us about 2.8 R/R ratio. Target profit 2: Next resistance at around $105 giving us about 4 R/R ratio. If you trade options, 3 months out...
I'm not a fan of Fibonacci, and so I don't think I'm using it correctly. Anyway, plotting the main levels against support/ resistance to forecast a top! Let's see how this play out! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
If the week does end up as a nice long tail doji, then now will be a good time to start accumulating some large cap China stocks!
Showing the Monthly chart instead of the cup & handle pattern on the Daily. It has already gone up from the 'handle', but it seems there's still some upside to go on the longer term. Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign. Target profit 1 at $15-16, next resistance +...
1st off, this is an asset management company. I think it calls for more fundamental analysis than technical analysis when it comes to such companies. Nonetheless, the consistent uptrend since inception is phenomenal! I will never short this company. From technical analysis point of view, look at how well price respects the 50MA from week to week. And whenever...
Looks like the $1.9T is having a strong effect on the market again. Lots of stocks showing bullishness! STX is about to breakout of an up-sloping flag pattern. Target profit 1 is $82-83 (calculated from the bottom of the previous swing low at about $58 to resistance at $64 i.e. a $6 move.) Since there's no resistance, watch for reversal pattern at the Daily...
GOOG might see a surge up next week or the following week. Momentum has been strengthening. Target profit 1 is the length of 1 Feb's candle, which is about $250 move. Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations. If you have any symbol that you'd like me to analyze, feel free to drop me a comment. Thanks!