Juliac

Juliac

TSLA has been trading with lower highs on the weekly chart since Nov 2021. It is now approaching a critical support zone @ 207-217. Let's see if it could hold these levels. No compelling reason to long it at the moment. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't...

Juliac

Another heavy weight in the index. Getting close to it's long term trendline support zone @ 102-109. Whether this support holds will give a good gauge if market has more room to drop (or not). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management...

Juliac

One of the heavy weights in the index. Watching it's support zone @ 129-132 (trendline and 38% fib retracement of of major AB swing up). If it breaks, then downward momentum could pick up. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is...

Juliac

An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday. The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards...

Juliac

SBUX just had a golden cross! (50day MA crossing above 200day MA). Could still be volatile as the 200day MA will take some time to flatten out and turn up. Stop loss should be about $1 below the recent pivot low of $83 Watch out for earnings nearer end of this month. Could be prudent to take some profits before earnings announcements. Disclaimer: Just my 2...

Juliac

PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway. Meanwhile a retest of it's recent pivot low @...

Juliac

ETSY is now trading way above it's June's low, which means it has good relative strength compared with the S&P500. Even so, it could still be volatile, having 61.8% since hitting a swing high (B) on 16 Aug. It has been trading in a downward channel (extended "flag") for the past 6 weeks and it looks like an eventual break above this "flag" cold be near . When it...

Juliac

NVDA has a bullish divergence on it's weekly chart and it finally came true today with a gap up today. It tested a longer term support zone (115-120) last week and this support is holding so far. Having already retraced almost 78% of its post covid swing (AB), I am willing to take a position in NVDA right now with an initial stop loss just below this support...

Juliac

SPX closed with a small pin bar on huge volume last Friday, coupled with a potential bullish divergence between price and RSI (daily chart), it Looks like we can expect yet another bounce soon. However, divergence usually result in a short term reversal (lasting 2 or several candles) and may not translate into a longer term trend reversal. The last 3 weekly...

Juliac

ABNB has completed the formation of an invert H&S bottom and looks to be on the verge of breaking up. Will it happen? When it does breakup, it is normal for the stock to retrace after a few days to retest near the neckline (which ideally should then become the new support). If and when this happens, it will present a 2nd opportunity to stake. Theoretical...

Juliac

TOST broke out of an Adam & Eve bottom formation on 10 Aug and has since been rather choppy, retesting the neckline support twice. However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00. It is in early days yet, expect some choppiness due to the overall market uncertainties but as long...

Juliac

TWLO has established a strong support zone around 62 - 68 as can be seen on the weekly chart. Weekly bullish divergence in it's RSI can be seen since June while the stock was meandering lower, eventually hitting into the long term support zone and we finally saw a good bounce off this zone on strong volume yesterday. There is a good chance that this zone will...

Juliac

RIVN had a high volume capitulation at the start of July and has since been forming higher low's and higher high's (apparent on weekly chart). It has retraced to retest the neckline support on 1st Sep (@ 30.70) forming a new higher low. The up trend is now apparent and clearly there is room to go higher in the mid to longer term Expect some resistance around...

Juliac

PYPL broke out of an Adam & Eve formation on 27 Jul, then gapped up strongly upon Earnings on 3 Aug. Since then, it has retraced about 38% of it's AB swing up and appear to find support @ 90 where the gap is closed. The stock could be ready to begin another up swing as we are seeing some bullish divergence between price and stochastic. Stops raised to just...

Juliac Updated 

Despite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now. Stronger resistance coming up around $84 so watch out here. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't...

Juliac

The divergence is more apparent on the 4hrly chart and the same is also seen on Nasdaq. Perhaps market is expecting a less hawkish FED speech tomorrow. Let's see! I have to emphasize that bullish divergences when it happen could materialise into a short term bounce (that may last a few candles) but may not translate into a longer term trend reversal (up). Best...

Juliac

ADBE has strong support on a long term trendline (black line on monthly chart) and any test near there would be a lower risk buying opportunity (with stop loss several ticks below this trendline). The recent pullback brought it back near to the long term trendline support and with the formation of a bullish morning star pattern, one can consider to long now for a...

Juliac

After retracing 61.8% of the recent AB up swing (that lasted 2 months from 17 June to 16 Aug), the market finally seem to be finding support yesterday, forming a bullish pin bar and a potential bullish divergence between price and stochastics. However note that a bullish divergence usually signify a SHORT TERM trend reversal (lasting only several candles) and may...