ositrades

ositrades Updated 

There is strong negative divergence on the price and has very likely done a double top at $189 area. Ideally, if that double top is confirmed in the next one or two candles, then it should fall to at least the rising trend line. However, that rising trend line also is making the bearish flag pattern. So there is high likelihood that it will loose support of trend...

ositrades Updated 

So this seems to be going against most forecasts at the moment, but it looks too good to not consider. How I see it, we are in an impulse wave, and have started wave 5. Now full disclosure that I am not an expert (may just be a beginner) at Elliot waves. But so far as I have read, we look to be checking all the requirements of the impulse wave, which makes me...

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So much negative divergence on XJO currently, it is ripe for a fall. Look how the last three higher highs have been when the MACD was making lower highs. Let's see what triggers the fall, but with current US market reactions, this looks very soon.

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If the pennant pattern is to prevail, we should soon see a support at 0.067 area, and then a pretty much bull run for some time. This company has been painfully slow from investment return perspective, but it has all the right things going at the moment. The Tesla deal hits in from Feb 2025, and I think on a long term perspective, the chart aligns nicely with that...

ositrades Updated 

With markets only recently turning kaput, and the "crisis" looking inevitable, I am long on BBOZ. This ETF is not for the faint hearted and has significant bleed, but more the risk, more the reward. At a broader perspective, I am looking for at least a 100% upside from the bottom, which I feel was reached at $3.15. This is based on previous reaction of BBOZ...

ositrades Updated 

I see a bat harmonic pattern on SPX. Going by that, shit is about to get very real! We could be saying in hindsight that today was the Black Friday of a major crisis. DYOR and trade at own risk.

ositrades Updated 

I am looking at Livermore Cylinder pattern playing out. Recent bullish divergence indicates there is lot of potential of support from the trend line. RSI is oversold and other indicators give signs of rebound. DYOR and trade at own risk.

ositrades Updated 

Looks like a successful break of inverse H&S neckline. Target of $151. DYOR and trade at own risk

ositrades Updated 

Looks like we have bottomed on MNS.ASX. We have gone more than 50% drop, so we should be expecting a major reversal. I see a butterfly pattern playing out too. We are also a major support area from end of 2020. First target 0.235, second target 0.28 and final target 0.345. Trade at own risk and DYOR.

ositrades Updated 

I'm looking at cypher pattern playing out on NASDAQ, with first target $58.7 and second target $60.7. We have broken resistance at $54.5 and this looks pretty much on!

ositrades Updated 

AGL is getting ready for a pump. I am looking at the double bottom pattern to play out. The volume on last two sell days has been very low, and there has been a bullish divergence. Let's see where this one leads to...first target is $7.52. DYOR and trade at own risk.

ositrades Updated 

I'm looking at a shark pattern on NATGAS. Real entry point for the pattern is at $3.6, with first target of $5.32. Very ambitious, but let's see how this goes. If we get support at $2.42 level, we are very much looking at this idea getting real. I would even play the bullish interim run to the entry point of $3.6. DYOR and trade at own risk.

ositrades Updated 

Looking at a rejection at 0.435 and watching out for a bounce off the trend line, which will confirm the break out. Trade at your own risk. All the best!

ositrades Updated 

A close below the 100 MA weekly will keep the shorts alive. Break of this resistance is a bull flag. Likely to repeat the previous rejection, but who knows. Hold tight! DYOR.

ositrades Updated 

Looking at a cup and handle break. Already at all tight high, so hard to find a target point, but if we follow fibs, I'm looking at Target 1 of $0.69 and Target 2 of $0.86. Cup and handle target ideally would be $1.035, but that's a long bet. I look to trade until Target 1 and then freehold. DYOR and trade at own risk.

ositrades Updated 

NHC making a head and shoulders. Looks like we are in for a correction to $5. DYOR and trade at your own risk.

ositrades Updated 

Looks like PDN is done for, for now. Possible head shoulder pattern on daily, with target of $6.35. DYOR and trade at own risk.

ositrades Updated 

I'm looking at a rising edge pattern on XJO. Today's end of day confirms which we are headed, and if the pattern is to play out, we are in for a steep fall. I'm watching 7220 level...a close below is bearish and likely to confirm the drop. Next support around 6900s. DYOR and trade at own risk.