Google (Alphabet)
INTC : Unpopular opinion, Intel only go up.Unpopular opinion : Intel only go up.
You are not going to short at a mega-monthly support ,are you ?
This is where those bald-headed suits ,hedge funds managers ,and bankers steal your money.
Don't believe what their low IQ analysts says in their un-watchable media .
Intel is here and will remain here for a while .
Market MovesHere is my take on SP500. We are currently seeing the price move to new all-time highs approaching the level of 3393.52 from last February. The question is what will happen next?
A few points:
- The price action is showing a clear bullish layout. The trend analysis does not suggest any change from the current direction.
- If we take a look at similar movements in the past, like the one that took place from September 2018 to May 2019, we can see how the price tends to score a new ATH just before falling back to the 50 days moving average and drop below it for a specular amount.
- The average investor sentiment is overall bearish. Generally, this is a contrarian indicator therefore suggesting that the market will grow.
Taking all of this into consideration we can draw the following conclusions:
At the moment there are more indications of a bullish continuation of the trend in act. I expect the price to reach a new ATH and cause a bullish shift in sentiment which in turn will lead to fear of missing out and a quicker rate of growth. Consequently, a lot of short sellers might be stopped out creating a bullish rush.
This will be the indication of the imminent reversal that should make the price of the index fall about 10%.
I plan on keeping my long positions open until these moves develop. However, I will also increase my SLs to safeguard against a sudden drop.
$TSLA Plays the "Split" Card to Draw in More from Mom and PopTSLA still laughs at us from above that $1300 level. But it's an itch that needs to be scratched -- now lined up with the 50-day and the primary trend line, to boot. But that relief will have to wait a little longer as Elon and the fellas became the second major megacap to hit the "split" button (after AAPL).
Expect a lot more splits this fall now that we are in the first "retail driven" bull market since the 1990's. Who's next? AMZN, GOOG, MSFT, NFLX, BKNG, ISRG...
GOOG/AAPL spread reached all time lows! Correction expected!After AAPL reported strong earning; and announced the 4:1 split, incoming volume has drove share prices to all time highs. Its possible money is flowing out of certain tech(Goog,Nflx,ZM) and into this beast. This move does however look exaggerated. Looking for the spread to test $5 again, at the very least, $4.
TSLA volatility income!This equity has had plenty of time to consolidate at near the physiological support of $1,500. Descending wedge pattern and negative RSI divergence insinuates that a correction to the $1,300 could be seen this week. However, with price action supporting the current level very strong the last 2 weeks; a test to $1,650 is well within the range of possibilities. Regardless, volatility is to be expected. Straddles look objectively cheap with the current IV. Food for thought!
BTC consolidating in minor channel. Looking for retest $12,000!After a slightly less volatile week, BTC has pulled back from testing the $12000 price level. Analysis of Trend lines, RSI and general supply/demand suggest the retest to $12,000 is more likely then not! Looking for price action following this retest for double top formation and possible short entry. Fail
$GOOGL - Head & ShouldersAs I'm publishing this, $GOOGL bulls and bears are currently fighting it out as the bulls try to retest and regain the trendline support and H&S's base.
Volume and CMF behaved as expected with a H&S. OBV still abiding by trendline support.
Green channels are where I would consider taking bits of profit based on multiple fib levels (regular and trend-based), a fixed volume profile of the most recent range below, and the H&S objective of 1384.84 (purple line).
GOOG now short but still long?Hey everyone,
Google made it's way to ATH but now the party is over, at least for a short time. As you can see there is a SHS formation and the reaction was bad. But the stock will face a few support zones, as the yellow lines and the green box, as well as the Fibo Retracement, shows. The DEMA and SMA also show a short signal since friday. BUT chances are good google turns back long after hitting the green box.
Entry: 1441$
Stop: 1400$
Goal: 1622$
Much fun with that trade!
Leave a follow, my goal is 200 :)
TECH BUBBLE 2.0The tech Crash in 2000 took 3 years to bottom out... and longs lost 80% in that time.
The 2008 financial crash took 2 years to bottom out, and longs lost 57% in that time.
The 2020 crash... oh, I think it hasn't even started yet... I would stick to short positions or day/swing trading... and I wouldn't even consider going long on anything until the Lower Bollinger band is hit on the monthly chart... currently at 5991
I think we all know what's coming... It'll be a fun ride if you're prepared in either direction.
GL.