tech_yogi

tech_yogi

Seems to be in a large descending triangle... looking to break out either way. Pressure is on the short side but if it breaks above it could be a quick profit opportunity with ~8% short float and short ratio of about 4.65.

tech_yogi

WMT has been trending lower ever since the earning release without any meaningful pullback. I think it’s fairly oversold and extended on the downside. RSI is already oversold in both daily and hourly charts with weekly just about getting there. It’s also sitting right around the very long term support of around $72-72.50. It’s likely to bounce from here and...

tech_yogi

Clear distribution going on with the index. The RSI divergence is fairly obvious. Major results are already out and factored in. There is no real catalyst for the market to go up. Going down on fed rate hike and profit booking. May will be a wild ride

tech_yogi

Fairly easy to visualize trade so be cautious but definitely worth an entry here. Good risk reward potential.

tech_yogi

Anything closer to the bottom trend line should be bought.

tech_yogi

Who says it doesn't work? Look at the chart. It's textbook. Now look below for a retest of the earlier support.

tech_yogi

The chart seems to indicate that a short term bottom is near. There will be some volatility still but one can enter with tight stops.

tech_yogi

High risk trade. The way things are going I wouldn't be surprised if it breaks 18 and heads lower. But if the support at 18 does hold, it could give some quick gains on the up side.

tech_yogi

These levels had been first seen in 1997. Will these levels hold? Or the Oil prices are going further down and BP will get even cheaper? I am watching but will definitely buy on any sign of strength. This is definitely a value investment with a dividend yield of more than 6%

tech_yogi

It's GO Time for AMZN. Earnings are out on 1/29. Is the support around $280 going to hold or are we going to break out of the downward trending wedge?

tech_yogi

Fairly clear head and shoulder top. Hoping it will give you a bit of a retracement to exit your longs and enter short if necessary. There is a minor support zone around 103 but I think it will go all the way to 93-94. Look out for the earning on 1/26 though. 4th quarter is usually strong for AAPL but the market is suggesting there will be a negative surprise.