prettystatemachine

prettystatemachine

just finished a cup and handle, now into an ascending wedge

prettystatemachine

It's not a great idea to trade 15 minute charts, but CCIV has been seeing tremendous volumes and interest. There's also a lack of price history, so this is an attempt to make sense of what we're seeing. A reasonable explanation for CCIV's recent rip (which has tons of volume) is that insider news of a Definitive Agreement with Lucid is spreading. This also...

prettystatemachine

Months of bull div, with a monthly TD 9. IMO the wildcard is reddit and the retail investors. If Robinhood and other brokerages had not intervened, there would have caused a major correction, as the influx of retail activity breaks the risk models of the Hedge funds.

prettystatemachine

Even though the price action is crazy, technicals still work.

prettystatemachine

definitely broke the trend

prettystatemachine

implies an intermediate to long term uptrend

prettystatemachine

probably going higher off of earnings news

prettystatemachine

investors are clearly comfortable buying UPS at 155, but not valuing it more than 175

prettystatemachine

makes it a decent re-opening play

prettystatemachine

look for this to pop if the earnings report has solid fundamentals, the technicals are there.

prettystatemachine

it's about 55% through the pennant, expecting it to bounce of the bottom support atleast once more before breaking up

prettystatemachine Updated 

$MSFT is in an ascending triangle. if it consolidates downwards more, it also has the 20 day EMA as support, as well as the bottom of the triangle. all the other big tech's have popped recently, looks like microsoft is next.

prettystatemachine

setting up for a long off of support with a td9 on the daily

prettystatemachine

spy short