EXPEDIA has major consolidation in the $108 to 114 area. I expect to get in this volume range and stay there till after the election or until we get news on COVID
I dont see any plays on this chart. TWTR has an absolute massive down trend line that is coming up close. It is continually creating rising wedges that are breaking. This will probably consolidate over the next few weeks.
SNAP just bounced off a nice support line of $20.66 created a channel at $22.33, retested 20.66 and bounced off. That is a strong indication of a reversal back to the upside. I would like to see SNAP really pull away from the small bearish flag that could be developing. If that happens we can easily see $24.05 which is a resistance line. Once broken, we have...
Walmart is showing a bull flag and a CH. Good earnings should propel this to the next fib level ~$143. Just like i said with AMD, this will then get picked up by robinhood traders and should run to around $150. If earnings are not what we expect, i see this falling back to the $125 level.
I changed my price target on SPY to ~$367. Yesterdays price action was way too strong into the close for this market to drop yet. Nobody cared about Powells speech. Nobody cares about EVERY stock in the market being overvalued by a minimum of 2x. We are continuing the ride up the wall of worry. IWM still has not completed its 100% retrace which WILL happen. I am...
Another one. OSTK could be following the same path as FSLY. They are bother perfect candidates for a Head and shoulders pattern. Watch for price action to complete the right shoulder. If we break the neckline, watch the rug be pulled and this to fall quickly to $55. The ENTIRE market is overvalued and everyone knows it. I said september is the month things will...
WOW!!! This could be developing a MASSIVE head and shoulders that if played out would drop the stock to ~$35. Anyone long this should take notice of the ~$75 support line. Luckily FSLY still has a major gap to fill back up to ~$105. I anticipate this to play out over the next week if the market stays strong. AAPL and TESLA having their split should cause another...
I know I will get a lot of flack for this, but SPY is going to make one last crazy run to $350. This will happen because of TSLA, AMD, AMZN, APPL, NVDA all pushing up the market even more to some un heard of levels. This also gives IWM to the opportunity to complete its 100% retrace from lows which will then complete the rules of elliot wave theory. After that...
AMD is that darling that continues taking share from Intel. We have formed a bull pennant with an inside CH. Appears friday we hit the top of the handle. We need to break that $84-81 range to get continuation to my $93 target. This will then get picked up once again by robinhooders and should propel it beyond $100. My top price (which is insane) is $111 which ends...
Being a fundamental person, this drives me insane seeing how high tesla is. I think I have finally accepted that Tesla stock just doesnt care about balance sheets/ profit. Tesla from a technical standpoint however should continue to ride this parabolic trend to roughly $2400 by august 31st split. I anticipate a touch and go on Monday as tesla always seems to do....
ROKU has major trend support coming up that could propel the stock to ATH. If it fails, we could see this fall pretty quick back to $130 and create a whole new channel. if this consolidation breaks 152, we should see a nice $8 run up
Although this is a Chinese company that has many conflicts with the US right now, BABA has an absolute phenomenal balance sheet. This stock should be valued more than AMZN (in my opinion). Trend wise, BABA has consolidated and once breaking the $270 mark should make its run towards $300 quite swiftly. Long term i see this at $320 and then $400 next year.
Nothing to really see here. Most likely will continue trending down. Trevor Milton should be investigated for securities fraud. I believe this will be a phenomenal company in the future, but the way Trevor handles himself on twitter is just pathetic. he is simply pumping the stock. Ignore NKLA for now
I am not overly confident in this play as i feel once IWM completes it 100% retracement there will be a pull back in the market, especially getting closer to the election. But if my theory is wrong, Amazon like $TSLA and $AAPL should be the next big mover. I do expect AMAZON to follow suit and eventually do a stock split. This will most likely occur once we pass...
NIO has good news coming out tomorrow on batteries. they are also in a cup and handle. this break of 15 should push them up to around $20 to 25. Get ready!!!
Chart is showing a bull flag on IWM with a price target to $170. This would complete the elliot wave pattern for a full 100% retracement. Looking at the previous trend from lows which lasted roughly 81 days, I will call a short term top that starts after IWM tags its ATH. The closer we get to the election, the more turmoil will arise in the market. Lets make one...
Following earnings on Walmart, a good report from target should propel the stock to around $155. It broke the CH. Robnihood traders have already started picking this one up.