MY LEVEL: 30.00
WHY: Numbers (guidance, top and bottom line, coverage, etc) look good. This feels similar to #STX earlier this week. Should find support off the whole number. If not 30.84.
MY LEVEL: 27.00 - 27.20
WHY: It's hugging the 20d. I don't like that it closed on lows. I take notice that. When it closes on lows I look for weakness the next day. I'm going to watch the action to see if it holds the 27.20 area. If I'm risking a dime or a quarter on a name like US Steel it could be a really great risk reward type play. $1.40 ATR so decent range.
According to the previous swings cycle, we can observe that the pump could start again in GME.
GME stock price had broken the longer duration uptrend line and the confirmation for the downfall will be after breaking the demand zone to the downside. The demand zone being 25 USD deep and the results due may be a game to be observed.
For the bullishness, the stock...
AMC's stock price corrected drastically after reaching all-time highs.
The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone.
The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern....
AMZN
BOX JUMPER. pretty boring chart pattern. box and jump. box and.... recaptured averages...can she stay above and fill the gap...if so thats >10%. that gets her above the box. maybe a nice jump up to the next trading range. macd is your friend on the daily; weekly still a little behind -- paytience .......
the tesla likes her some blue. she fell into purple but recaptured the averages and is poised for take off. will she go or will she melt under? if we are heading for a blow off top, why not lead with the s&p 5. it ain't quite right for the market to run away like this but if you can't beat em....
Honestly would like this to get higher and look more extreme, but you have to look at historically how this name has acted every time it’s pulled away from the 20d in this fashion. Will watch for intraday lower highs to show signs of weakness and the ability to have defined risk. If it can somehow extend further, I will be stalking for the same thing. Always be...
This was in the Sunday Prep 2 weeks ago for a short and so far it’s come in quite nicely. Would prefer pops back into resistance to hammer short, but if we were to break 113.27 I would probably start shorting pops joining trend. Michael Burry recently came out publicly about being short this and if I had to pick between him and Cathie Wood, it’s really a...
