mxc111

mxc111

Technical: Since late January BTC has had three lower highs - looks like a bottom may have formed however, bullish signs are weak Market context: IMHO there are very few sellers left, hence the bottom. But the buyers have not come back yet when they will BTC enters an uptrend. Status: sideways channel with a bias to the upside

mxc111

Status: bearish trends - both price and 50 MA are below the 200 day MA - there is strong support at $72 - I do not think we get there under a normal market environment Short term bull case: - the 7 day EMA crossed over the 27 day EMA and has stayed there for a few days - there is a missed pivot at approx. $104 - from current levels that would be a 9%...

mxc111

It is important to understand what the market environment is like when allocating new capital and currently the markets have not yet established any new trends. What ever capital you put to work will have to be independent of overall market trends. SPY Status: neutral - the market has no dominant trend or direction - the long term trend is entering an early...

mxc111 Updated 

This is a technical analysis setup: 1) The moving average crossed over signaling buy after a bottoming at at around $15.50 2) I am targeting the first missed pivot $23.30 Based on the close today this would be a 34% return with limited downside. Regards,

mxc111

It seems that every time there is negative news in the crypto space BTC seems to hold on. Recent price action suggests that despite a perceived setback (like the China ban) BTC is still holding relatively strong, however, we are at a tricky point in the price action and the next few days will be key to observe. Long-term trend - bullish/neutral The major trend...

mxc111

As I interpret this chart and market sentiment there is approx. another -1.5% downside to $426. The long term uptrend is still intact but the short term correction still has a little room to run. 1) Currently down -4.5% from its high at $454 2) the RSI, MACD and CMF are not indicating a change in direction 3) Similar pattern in the QQQ (also indicates a...

mxc111

Rangebound trade 1) Netflix has been range bound ($480 - $580) since July of 2020 3) The stock is currently trading at the resistance level $582 2) all indicators are indicating oversold - it has risen 14% in the last couple of weeks This trade needs patience because it could take a while to get back down to the 500ish level - which would be a 15% return

mxc111 Updated 

This is simple trade The moving average crossed over a few days ago signaling a buy and has remained there (I always wait a couple of days to confirm the trend) My first target is the $11 resistance (a 9.5% move) My second target is $ (nearly a 30% move) It is possible to expect a little weakness over the next couple of days and pick it up below $10. Good luck!

mxc111 Updated 

Normally I buy when the moving average has crossed over signaling a buy but, this chart is showing oversold conditions. 1) the Stock RSI, RSI & CCI are all showing oversold conditions 2) The chart shows decent support at around $11 Potential: the stock closed at $11.01 and it can rebound back the the fast EMA at $13 - approx. an 18% return I am buying a 50%...

mxc111 Updated 

WWE trends well with moving averages. Catalyst Despite a decent earnings report that beat estimates and Morgan Stanley calling for a $65 price target the stock has not responded - a bearish signal. Based on the technical the moving average crossed lower signaling a down trend and I forecast a move down to the 200 MA From the current level of $54.20 and a target...

mxc111

This is a simple trade Rationale The moving average crossed over signaling a buy on May 21, 2021 Target I am targeting a move to $6.20 to fill the gap Current price $5.22 Target $6.20 implies a 19% move I will sell the original capital at $6,20 and let the profit ride.

mxc111 Updated 

This is a simple setup- it feels like a 50% retracement from the recent high Technicals 1) the trend line was crossed 2) the moving average crossed below and has stayed there for a few days Targeting a move to S1 ($27) - approx. a 15% move from today's close ($31)

mxc111

Another simple setup 1) moving average crossed over to signal a buy a couple of days ago 2) bullish sentiment from analysts will probably propel stock to test previous high of $145 - approx. an 11% move from current levels I'm going long tomorrow

mxc111

I like VLDR at this level Catalyst - this is a play on autonomous vehicle technology and money will come back in at some point. Technical perspective - it has hit this level three times (triple bottom) & I'm expecting a bounce back to the 200 day moving average or pivot point approx. $18 (a 40%+ move from these levels) Might need a little patience on this...

mxc111 Updated 

As the economy begins to reopen more people will be driving, summer is approaching and crude is rising - bullish catalysts. EMA crossed over signaling a buy - I am targeting top of the channel at $24.50 (approx. 6.5% move rather quickly)

mxc111 Updated 

On Jan. 13, 2021 I issued a possible short trade with a 10% down side target - I then cancelled it on the earnings report to let the dust settle. It is clear to me now that the thesis is still intact this stock has had most of the benefit of the pandemic (it may have one quarter left) but the stock is not responding. I am initiating a short trade with a $500...

mxc111 Updated 

Hi, This is simple play - moving average crossed over for a buy signal and trading in a channel. Targeting an exit at the top of the channel $6.40. This stock should profit from the extra scrutiny on police units. 3 for 4 Since I started posting again I have had a successful January: three winners: NKLA, WMT, called GME (but did not trade it out of respect...

mxc111 Updated 

This trade is purely technical for me. Technical signal 1) WMT seems to have entered a topping phase (hitting a 52 week high Nov-Dec 2020) 2) It broke a trend line (bearish) 3) Moving average crossed below (bearish) I do not see a lot of momentum to the downside so I am - targeting $140 (a quick 3.5% move)