Stockmongerer

Stockmongerer Updated 

Potential Head & Shoulder Forming On The Weekly... Facing still resistance at the $350 area, and should retest support at $280 within the coming days/weeks. If 280 breaks, should retest $240 (the h&s neckline) and could crash to $100 if that doesn't hold. Time to take profit/hedge imo

Stockmongerer

Weekly chart shows a potential H&S forming. Looking for a $120 retest soon minimum. If that breaks, it should retest the March/April lows (also the h&s neckline).... If that doesnt hold, this will plummet to $50 give or take. Time to take profit/hedge imo

Stockmongerer

Ascending wedge breakdown imminent, with support levels at roughly $550 (4hr support) and $500 (Daily support). Confident we at least fill the $535 gap within the coming weeks... If that breaks it could get ugly. Either way, time to take profit/hedge imo

Stockmongerer

Update to my previous post... Not too late to buy - you don't want to miss this next move

Stockmongerer

Update to my previous post, looking for for a nice technical bounce in March... would not want to be short here Chart speaks for itself, with key pivot points shown. I'm out at $350 and will consider going short again there... otherwise take profits at $330 if bulls run out of steam

Stockmongerer

Sitting at the bottom of the long respected bottom support for it's current down trend channel after shedding $100 this month. Conditions are extremely oversold having reached a massive buy zone, which fills the long withstanding $280 gap from November, and also doubles as a retest of long term support (200MA). The rebound from this area could easily take us to...