Consistent_Trades

Consistent_Trades

SPY (SP500) monthly finished pretty strong but at the major resistance. February tells a story, meaning it has to close above the upper blue line and break this symmetrical triangle in which the price is now and continue moving up. From a bullish perspective, SPY is forming a big bullish reversal pattern Inverted Head and shoulder and we are at the neckline....

Consistent_Trades Updated 

ARKK is at major resistance. It is at the upper trend line from the channel and pretty close to BigReed or 200 days MA. It is also at resistance from October and November highs. All those resistance will highly likely act as resistance from which level the price should current. The price definitely confirms today's price action which is bullish. It is above 8,...

Consistent_Trades

Ethereum after the nice and strong up move, ETH doesn't have the power to break through resistance from FTX collapse like the bitcoin break which is a sign of weakness in strength. On Sunday they try to pump it on a small volume but on Monday (today it got rejected right away. Volume is not the best. RSI is still in overbought territory and had negative bearish...

Consistent_Trades

BTC after a nice and strong move BTC stuck at resistance which was formed around the summer of 2022. As soon as it touch resistance it fell down which is a sign of a tweaking process. The volume is really bad. On Sunday they pump it up on no volume at all, pure fake out. BTC is above all major MA but likely not for long. RSI is at an extreme which is not unusual...

Consistent_Trades

DJIA daily returns into a pattern which is a good sign, but it is doing on lower volume which is more bearish than bullish. It touch the resistance line and got rejected right away which is a sign of weakness. Volume does not confirm this move at all and is a sign of a likely move down. Price is above all major MA which is bullish. RSI is neutral. MACD is...

Consistent_Trades

THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position. NUS is in a triangle and is close to all major MA which could be an indication of a strong move soon. A breakdown below the red dotted line would be triggered for a short position. Volume is for now neutral. Price is above all major MA...

Consistent_Trades

THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position. EL is in a rising wedge for some time and did find resistance in this area which was supported in April 2022 and then several times the resistance in the rest of the year. A breakdown from a bearish pattern would trigger a short position....

Consistent_Trades

THE CONSISTENT TRADES analyze DEL as a bearish/weak fundamental stock and therefore would be traded only in a short position. DELL is in a symmetrical triangle and is near the end of it which could indicate a strong move sooner than later. Break down below the red dotted line would trigger a short position but only if the market turns negative and start its leg...

Consistent_Trades

THE CONSISTENT TRADES analyze FOUR as a bullish /strong fundamental stock and therefore would be traded only in a long position. FOUR after a strong move up it found resistance at 66 even dollar amount. Now it is consolidating around 64 dollars. A break out of tringle would be a bullish and fast move. Volume is strong and Friday's move indicates the price wants...

Consistent_Trades

THE CONSISTENT TRADES analyze PARR as a bullish /strong fundamental stock and therefore would be traded only in a long position. PARR had strong two bull weeks behind itself. It found resistance at 28 and is basing now. It needs to continue consolidation on this level for the continuation of the future bullish move. Volume is fine for now and it needs to...

Consistent_Trades

THE CONSISTENT TRADES analyze AXON as a bullish /strong fundamental stock and therefore would be traded only in a long position. AXON had two very strong weeks behind itself. Price found resistance at the recent top and start to consolidate on this level. Volume is increasing which is not the best option for the bulls but is not bearish for now. Only a...

Consistent_Trades

THE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position. CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop...

Consistent_Trades Updated 

XOM is a bullish/strong fundamental stock therefore would be traded only on the long side. XOM is inside ascending triangle which is a bullish pattern. There is strong resistance at 114$, With the breaking of that price we would break out from the pattern, and also we would break the last high which would be very bullish. XOM is above all major MA which is...

Consistent_Trades

ORCl is inside of a big rising wedge which is a bearish pattern, and inside of which is a smaller rising wedge. A day before we had the Doji indecision candlestick pattern and today we confirmed a drop, therefore, it got a sell signal. Volume is not confirming price action as it is below 20 days., It is above all major MA which could be bullish. RSI is in...

Consistent_Trades

MSFT daily is at major resistance and is due for a pullback. The day after that report it has a strong powerful volume but it was on leg down which is more bearish than bullish. Last two days price move up while volume didn't which is more bearish than bullish. It is above 8, 20, and 50 days MA but it is still below BigRed which is neutral. Volume is not...

Consistent_Trades

-XLF daily what a move today. First, we gapped down at open, then we fall, then buyers came in and drive XLF to 0.6% up, but then the price hit major resistance, neckline, and drop hard on strong volume. The last hour's volume was a huge drop and the volume was like 4 hours before together. When I checked 1 H candle I can say retailer traders played the whole day...

Consistent_Trades

SPY after an extended run-up yesterday made a bearish reversal pattern hanging man and today formed a bearish reversal pattern shooting star. Last two days, the bullish day was not confirmed with the volume therefore can't be taken into consideration as a legit and healthy bull run. SPY is above all major MA and that is bullish for sure. Volume is weaker on two...

Consistent_Trades

QQQ finished the day very strong on increased volume which is bullish for sure. Tech stock is on fire led by TSLA's good report news. The day finished above BigRed which is very bullish. However, it is at the resistance line at the moment. Volume is confirming price action as it is rising last several days with the price. It is finally above all major MA which...