GM About to blow. After receiving those COVID bucks that propelled its stock into a nice uptrend, GM spent most of 2021 in a distribution stage, forming an M-top pattern. The price entered a downtrend in February '22 and finally found support in July '22. The price entered a sideways range, initially resembling a rising wedge but later developing into a...
SBUX SBUX has been a volatile stock since 2018, a characteristic that tends to be unpopular among investors. Between April '21 and January '22, the price entered a distribution stage, forming a Head and Shoulders pattern. The breakdown of this pattern, along with a Death Cross signal, marked SBUX's entry into a downtrend. The downtrend persisted until May '22...
Ebay. Bid on this. Ebay was in an uptrend that reached its peak in September '21 when the price entered a distribution stage in the form of a Double Top pattern. In December '21, the price broke down from the Double Top pattern and entered a downtrend. he downtrend persisted, making lower lows and lower highs from December '21 through October '22. The price...
WFC WFC looking more like KFC to the bears. If you look at many of our banks and their stock charts, they have doe nothing but move sideways since the crash of ‘07-’09. Now about 15 years later, it looks like its time for the bears to finish off most of these banks and what we’ve known as our banking system. Was it a coincidence that Bitcoin was created 2008...
EBAY I love shopping on eBay so I won’t enjoy this one as much. Daily chart analysis After reaching all-time highs back in Q4 2021, eBay entered a downtrend (under 200ema) for most of 2022. So far thru 2023, price has pulled back (to 200ema) and has been moving sideways (Distribution stage) in form of Head and Shoulders pattern. Want high probability trades?...
Keeping it simple TQQQ Multi-time frame analysis Daily chart – Long term Pretty clean straight forward chart. In this one we can see the different stages of the market. After topping out in Aug. ’18, price entered a “sideways” market between Aug.’18 – May’20. The “sideways” market was deemed an Accumulation stage after price broke upwards and entered Uptrend....
GM Running out of fuel. Daily chart analysis After reaching all-time lows during start of Covid back in March 2020, GM went to reach all-time highs by June 2021. All that fake money that was printed during covid sent the stock market soaring. By December 2021, GM ran out of fumes and couldn’t break the all-time highs and a Double top pattern was formed. To...
nothing but static See link below for original analysis TSLA Daily chart analysis TSLA continues to make lower highs and lower lows and the downslide continues. Price will be making new lows after reaching the previous lows. this one is pretty straight forward. Entering trade short Target 1- Entry: 183.00 Stop loss: 222.71, (-21.70%) Target: 107.00,...
INTC No more microchips! Daily chart analysis INTC entered a downtrend May 2022 and price continue to tumble up until Oct. 2022. Price entered a Distribution stage and started to move sideways. In April 2023, price broke above the sideways range but quickly fell back into range. The breakout is now deemed a “false breakout”. Currently, price has bounce down...
DKS "Long" Dicks are for chicks. Daily Chart Analysis Prior to Covid, DKS had lost its Uptrend and had been moving sideways since 2014. In 2017, the sideways range broke down signaling the start of a downtrend. At this point Price pulled back to previous support looking to turning it into resistance. Then covid happened. Price was blasted down all the way to...
The ladies love their overpriced leggings, but the stock market doesn’t. LULU Daily chart analysis. Their uptrend started March 2018 and came to an end December 2021. Price has since been moving side-ways in a Distribution stage in form of a Head and Shoulders pattern. We need is break of neckline before price enters downtrend. Entering trade short Entry:...
5 below? More like 6 below! FIVE Daily chart analysis. Five started its Uptrend in September 2017. Covid came and snapped the uptrend in February 2020 but by August 2020 price snapped back up and continued its uptrend. The momentary fall in price during covid proved to be nothing but a false breakdown. The Uptrend continue until January 2022 where it fell back...
GOLD GOLD has provided a great chart to review the different stages of the market. The past 10 years, GOLD has showed us all 4 stages of the market: Distribution, Accumulation, Downtrend, & Uptrend. Daily Chart Analysis Gold went crazy December ‘79. A parabolic move took price from about 400.00 to about 870.00 That was the last move of an uptrend that lasted...
SPY My 1st SPY short trade was a success. See link below SPY is now giving us a great look and excellent short entry SPY Daily chart analysis Let’s hope the “Bull” fanboys aren’t getting too excited with the recent green days as they wont last. SPY’s chart gives us a nice look of some of the stages in the market 1) In May ’20, price entered its...
The good ‘ol SPY Sad to see what miss placed hope can do. The “investor” aka the bag holder, continues to “hold”, “buy low”, and “average down” with hopes the market bottom out and the bull run will continue. Let’s review this chart and see how we got here. Just before COVID, SPY had reached all-time highs. Then Feb.’20 everything came crashing down. The...
You want to lose money, a lot of money fast? Try trading penny/speculative stocks. The good ‘ol “pump and dump” stocks. When I say trading, I more specifically mean being “bullish” and “longing” these stocks. You’ll always find a guy in the comment section who’s claims to have made “20k”yesterday or up 6 figures on these types of stocks. He’ll continue to...
NINE The gift that keeps on giving, 15min chart analysis A real analyst needs to keep adjusting with the price. Price has formed a short-term Bull flag after breaking out of a long-term Ascending triangle within Uptrend. Unexpected. I would’ve expected price at 22.00 by now. Price has pullback to support level of Bull flag giving us yet another entry to go...
NINE Adding to existing trade. Please see existing trade below NINE 15min chart analysis Ever see a good boxing fight and see one of the boxers land some really good body shots on his opponents? The damage done is incredible. Another entry. NINE keeps giving me the openings and I’m going to keep laying down the shots with confidence. Once again, during...