Trader_Mayhem

Trader_Mayhem

We're approaching what I believe is max pain at $435 after impressive earnings from Visa. I think the upside is very much on here

Trader_Mayhem

Amazon is showing a bearish divergence and looks like it's ready to roll over. Of course this is contingent on other global factors, but the last time we saw a bearish divergence, there was a drop that followed. Not financial advice, good luck to all :)

Trader_Mayhem

On the monthly chart we see a massive bearish divergence on the movement of NYSE:DE and the squeeze indicator below. Keep in mind, this is a monthly chart, which means you have to remain patient. Not financial advice, good luck to all

Trader_Mayhem

McDonalds has received a few downgrades recently and I think we see it retest $280, followed by $260. Not financial advice, good luck to all

Trader_Mayhem

Netflix chart looks bullish, but I do think now it looks over extended. Historically when it's broken above the Nadaraya-Watson Envelope upper band, it has retraced back down.

Trader_Mayhem

This is the last chance for Pepsi to bounce on the monthly trendline before I completely close my position on it. It has been getting destroyed for way too long...

Trader_Mayhem

Uncertain and relatively bearish market at the moment, I expect "boring" defensive stocks such as PG to be the safety play for most investors. I think this will bounce to $180. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

We had a very similar post-Covid run up all the way before breaking in January 2022. We saw a similar run up since that time. Round 2, or just an overreaction?

Trader_Mayhem

NYSE:CAT has gotten hammered (down 16% in a month). Although this is a mix of earnings and tariff fears, I believe the C wave has been completed from a technicals perspective as this is now in oversold territory.

Trader_Mayhem

I think Ulta has gotten beaten up enough here and is currently at it's earnings line from August 2024. I think this is a great spot to add. Not financial advice, good luck to all :)

Trader_Mayhem

Tesla is still extremely bullish currently and I think it bounces back to retest the trendline which is between 395-400. Not financial advice, good luck to all

Trader_Mayhem

Disclaimer is obviously not knowing Earnings ahead of time, but Adobe looks poised to bounce off the trend line into this butterfly harmonic. Not financial advice, good luck to all :)

Trader_Mayhem

I believe Shop has been running a little hot recently and can correct back to the $68 area. Not financial advice, good luck to all :)

Trader_Mayhem

McKesson fell right into the Golden Pocket which is where I was hoping the pullback takes us, so I can get in. If you zoom out, you will see that this stock has been a JUGGERNAUT. Bullish here!

Trader_Mayhem Updated 

LULU is oversold and currently at $268 from the time of this posting. I expect it to touch the 8 EMA at $295 with a bounce. I think this is a great area to go LONG on LULU. Not financial advice, good luck to all :)

Trader_Mayhem

Hey everyone, technical analysis is mostly subjective and helps give us an indication, however I want to remind people to enjoy this price action and not get too involved in trying to make sense of it. Have fun!

Trader_Mayhem

I think Ulta bounces off the trendline here and heads back to the $462-$465 range to complete the Harmonic. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

This is without a doubt one of the most polarizing stocks on the market. Whether you love it or hate it, you probably have an opinion on it. I do believe that Tesla in the next 5-10 years will be a monster, however, after that earnings call, it feels as if it's losing steam for the short term. Not only were the earnings a double miss, but it was combined with a...