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Update - Falling WedgeJust posting a quick update as ROKU is still looking very interesting here- Double top played out as expected- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge ( bullish ) - RSI in oversold territory - MACD cross looks to be imminent - With buyer volume should really pop PT1- $328.71 PT2- $330.58 PT3- $339.90 + Breakout
NASDAQ:ROKULong
by jacobosiason7
2
ARKQ pick up some extra shares as it nears supportARKQ is an ETF started by Cathy Wood as part of her ARK brand of ETF's that invests in growth technologies. ARKQ specifically targets robotics and AI and I regularly invest in this ETF as well as ROBO issued by Exchange Traded Concepts as my way of gaining exposure to an industry I believe will experience above market growth over the next 20 years. As with any long term investment I do not believe it is especially useful or necessary to attempt to 'time' the market, however I do think that using technical analysis you can add to your regular investments by purchasing additional equity at oversold prices. This does not mean you attempt to pick market bottoms but rather find levels where selling may have become over exuberant and prices are likely to stall or experience a rebound. ARKQ is approaching the bottom of a range that has developed since early March this year and I will be purchasing some extra shares as price enters the highlighted zone on the chart. The market is experiencing headwinds on many fronts at the moment and prices are very likely to push lower through this support level, if this happens I will continue to purchase additional equity at each new support level. It is important to maintain discipline and composure when engaging in long term investing, fear and panic experienced by other market participants are perfect opportunities to add to your positions at bargain prices. *Not a recommendation to buy or sell, simply for educational purposes*
CBOE:ARKQLong
by MarkE
SPY: BUY THE DIPSPY: Long for the next 3 weeks After some charting fun I made a few observations ~During the past dividends, there has been a big pullback which coincided with the previous 5% drop and this 6% drop. This could be a bearish indicator for future SPY contracts to keep in mind. Dividends = puts ~The previous resistance became the long term support ever since April. This, if SPY ever does break this resistance line without coming back, there are two gaps to fill which would be great Price targets (414.50-416) and (401.30-402.70) ~Using fractal recurrence, we can see that we may see a rise to probably around 449 before we see our next major pullback. The last 5% drop that followed a double bottom that we are seeing now followed this pattern, and seeing as to how this is a very similar fractal...Lord have mercy. ~Also keep in mind that the RSI is overbought rn and has also started curling up. Every time it has done this it has gone to overbought.
AMEX:SPYLong
by CheckMatted
6
What Does The Market Future Look Like? Look HereSo far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 24, 2021 with a closing price of 63.16. If this instance is successful, that means the stock should rise to at least 63.81 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.1% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.235% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.544% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 13 trading bars; half occur within 23 trading bars, and one-quarter require at least 33 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SOLong
by StockSignaler
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on GS after a long downtrend & some consolidation- - Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well - Buyer volume starting to pick up again, was in oversold territory for quite some time - MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured) - The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows - Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on PT1- $392.16 PT2- $396.52 PT3- $398.95+ Breakout
NYSE:GSLong
by jacobosiason7
2
Bullish- Triangle breakoutPersonally am bullish on SQ here- will be watching closely for a breakout - Sitting right on its 200day EMA - Nearing the oversold range on the 4-hour time frame - Falling wedge on the 1-hour timeframe and oversold on the RSI (See Chart Below) Should pop with buyer volume, (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish and will be looking for a breakout from this triangle PT1- $255.37 PT2- $267.18 PT3- $271.76+
NYSE:SQLong
by jacobosiason7
16
Illinois Tool Works To Buck Trend and Move Up?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 8, 2021 with a closing price of 221.85. If this instance is successful, that means the stock should rise to at least 223.5 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.612% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 3.67% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 5.9855% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 11.5 trading bars; half occur within 24.0 trading bars, and one-quarter require at least 33.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). The bonus analysis is explained...
NYSE:ITWLong
by StockSignaler
BABA FUD long term ideaFundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas agreeing to the $15billion arm twist donation shows they are on board and playing by the rules now. But however fundamentally sound they might be, be advised you don't actually own anything when you buy a chinese stock, and also the chinese gvt has been known to reverse course quickly and we could see even more regulation regarding tech, so be prepared for that possibility. We are in a multi year accumulation zone, and discounts this deep don't come very often, but with added potential comes added risk. Not financial advice, trade at your own risk.
NYSE:BABALong
by jdonsa1
PINS Update(bullish)Today I watched a critical point for PINS, as to find out whether we were getting false signals. We ended up bouncing off of a Fibonacci support(56), which is a close above the swing low. Not only do I think this is a great time to buy but I believe we will achieve a price target of 70 as seen by the anchored VWAP. The last time we were given similar buy signals we've seen the stock rise to this VWAP which currently lies at 70. Tomorrow(sep 2) should be interesting since we have Fib based time that dictates we may see a great move to the upside. Not only do we have Fib time, but we also have bullish signals that I've noted in prior TA such as the squeeze indicator and the cycle willy. Bullish Signals -Squeeze indicator -Cycle Willy -Weis Wave(reduced selling volume) +anchored VWAP Price Targets -1st 65 -2nd 70
NYSE:PINSLong
by ddcakez
1