Juliac

Juliac

PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's...

Juliac Updated 

Both indices appear to be finding support at their respective near term support zones and with bullish divergence seen (between price and stochastics), a bounce is likely to happen soon. Whether the worst is over or whether this next rebound is going to be a short-lived bear rally remains to be seen. Not time to turn longer term bearish yet despite the extremely...

Juliac

Uptrend still intact unless we breach the near term support @ 84. Bullish divergence is a harbinger that a near term bounce is in the works (note that any bounce from a bullish divergence is short term and may not translate into longer term trend). Watch out for resistance at 90 as it may experience another consolidation around there. A close above 90 will be a...

Juliac

We had a good bullish run lasting almost 2 month before ending in a rather brutal sell off last Friday. The weekly bearish inverted hammer candlestick suggests we could have potentially more downside in the coming days/week (unless negated by a rebound that took out last week's high, though the odds look slim at the moment). However, whether we have turned...

Juliac

Looking the huge volume accumulation in the last 3 days, there is a chance that ILMN is going to breakout of an inverse H&S neckline soon. So let's watch! If it does break up, it should not retrace below the neckline again (if it does, consider this a failed inverse H&S). Theoretical inverse H&S targe @ 308 (which incidentally is also the 38% fibonacci...

Juliac

CVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume. It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42 Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own...

Juliac

Breakup looks likely looking at overall market momentum. Earning expected on 24th Aug after market close but could breakup before that. Should it break up, any near term retest back towards neckline will be an opportunity to stake/add. Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and...

Juliac

NQ currently has an immediate resistance turned support at 12900. Near term support zone is between 12750 - 12900. 12750 is where I marked D which is a confluence of: 1. the 100% fib projection of the previous correction from A to B (projected onto C) 2. the 50% fib retracement level of the BC mini swing up As long as NQ does not go below 12750 (+/- 50), it is...

Juliac

After hitting the low on 11 May, U traded in a sideway range between 32-48 for almost 3 months now, forming a possible base. The higher volume during this period suggest there could be some accumulation going on. However with earnings expected out tomorrow, there is a always risk of a nasty surprise. Hence to be conservative, wait for results to be out. Should...

Juliac

A strong breakup last Friday that propelled it above the 200 days moving average now. Any near term dip will be a lower risk opportunity to long (with stop loss just slightly below the neckline @ 12.30). Could face some resistances around 16.50 and if it managed to surpass this level eventually, than $19 - $20 is possible. p/s Biotech and pharma stocks have been...

Juliac

This A&E pattern has a fair chance of working out due to the huge volume gap up on 28 July, followed by a bear flag (cup & handle within the "Eve" pattern). Attempts to break above the neckline failed last Friday however, but in the bigger picture, the stock is now above it's 200 day moving average. Any pullback from here should see support around 29 (recent...

Juliac

NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as...

Juliac

OPEN has been in a falling wedge for almost 6 months now and is approaching closer to the apex of the wedge. A falling wedge breakup may not necessarily work out well (ie it could continue to drift sideways once the wedge converge and it was "forced" out of the wedge eventually. However a clue that this wedge breakup could work is the higher volume that we see...

Juliac

Both the S&P500 and Nasdaq100 have formed bullish "tweezers" on their monthly chart. While the S&P has stopped short at a potential resistance around 4170, NQ however has surpassed it's near term resistance of 13000. Hence NQ's original resistance (12900-13000) is now potentially a "support" zone. The odds have increased that we are no long in a "bear market...

Juliac

CROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65). Could face some headwinds as...

Juliac

Broke out of a cup base @ 80 on 18 July, then pulled back and retested this neckline which now affirmed that this resistance has now become support. Time to buy the dips (as long as it does not close below 80). RSI >60 showing good strength. However, be mindful that earnings is expected out tomorrow. Should there be a dip after earnings (but staying >80), it...

Juliac

CRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up. It then traded sideways in the past 2 months, forming a symmetrical triangle. With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend. Disclaimer: Just my 2 cents...

Juliac

Missed this boat as it broke out of an inverted Head & Shoulders neckline (@ 127) and at the moment it is near a possible resistence around 136. Will be interested to buy the next dip and will manage trade with trailing stops just below the 20 day moving average RSI is strong at moment so the dip may not happen so soon. Let's see. Disclaimer: Just my 2 cents...