ratchet-mint

ratchet-mint

After an earnings call, TSLA rallied overnight by 10%. The financials show the company failed to beat reduced expectations from analysts, so what gives? Elon Musk has proven once again his skills at being a show man. Rallies based on comments and hype of whats to come dont last. AAPL recently went through a similar situation, stock rallied on news they...

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TSLA has recently broken through downward resistance trend line turning it into a support line. TSLA has been on a long downward trend and recently broke through stock has held breakout past few periods giving confidence in new trend RSI still remains below 50 though which is bearish sign. Should be cause for some optimism of a turn around. Keep in...

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NVDA today broke below its support line after breaking its long term upward trend on April 4th. Broke upward trend and held breakdown earlier this week. Broke below support today on strong volume indicating confirmation of movement. Started to recover on weak volume indicating disagreement on movement. I am expecting NVDA to come back up to support,...

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After going on a nice rally QQQ is starting to show signs weakness in its price action and RSI. QQQ price action for the first time in a while breaks below its upward trend and holds below for two straight trading days RSI 20 has also been forming a bearish divergance pattern with it trending down while price has been climbing over the past month. Key...

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SMH has gone on a wonderful tear the last year and has recently showing signs that it is way overbought and due for a correction. From a 1W period we see that SMH has broken above year long upward trend. This is a first for SMH to do over the last year The ETF has gone through some notable contractions like from Aug - Oct of 2023. This occured without...

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Comparing the price action to the RSI 20 indicator we can see a bearish divergence forming. RSI is trending downward Price action is continues to trend upward during same time Gives indication that a reversal is becoming likely RSI still remains above 50 which is bullish indicator overall While NVDA has gone on tremendous tear lately we start to see...

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TSLA has gone through a significant sell off recently from its high of 200. After breaking below its support line its has recovered some. This does not appear to be a false breakout down as the stock has failed to recover enough to be above the resistance. We should expect it to bounce off the resistance level and sell off some more. Overall I remain...

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PYPL continues to fail at breaking through its downward trend even selling off roughly after trying. Breaks through its smaller upward trend Fails twice to break its long term down ward trend Sells off dramatically shortly after the failed attempts to break through. Market overall is starting to go into a decline. We should expect more selling to...

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BTC's recently took a pause and has since broke above its resistance of 64k. To help get an idea of how much further this rally can go, we look back through its historical rallies. Each time we see a clear pattern: Early phase has short wicks on top of the momentum candles indicating bulls are in charge. Later phase the half of the momentum candles are made...

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BTC recently enjoyed a breakout above its resistance level with strong momentum before quickly getting hit with a institutional sell trade. This caused BTC to temporarily sell all off nearly 2k in a few minutes. This is not the only sign of weakness in BTC lately. Whale selling has picked up quite a bit lately. Many new wallets been created with small...

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AAPL has recently broken below its 1 year upward signaling more selling to come. This pivotal event comes at a time when Overall market sentiment is showing extreme greed (selling soon follows this level) Recent rally have been prompted by one stocks excellent earnings (NVDA alone cant hold up the economy) AAPL has been trend down rather steadily for a...

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ETH recently has been losing momentum. The rally now showing one of two scenarios: Consolidation where profit taking is occuring before another rally Reversal in the trend We can see this weakness by identifying two aspects in the price action. Fails to make a higher high Breaks long term upward trend

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SQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky. SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on.... SQ had bad earnings NVDA a very unrelated stock had great earnings pushing SQ up Recent gap up is clearly irrational Recent rally is unstable and should expect...

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BTC is currently forming a reversal pattern. After its recent high failed to break above its previous high denoted by the two blue arrows We now watch for the pattern to confirm the reversal by breaking below the last low which occurred just before the highest high Note: BTC has already broken from larger upward bullish trend. Trending flat right now we...

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SPY has been trending sideways lately after its fall rally that started in October. fear greed index climbed to extreme greed during December then held that position for a few weeks. The fear index has since started contracting a long with many tech stocks SPY tends react slower to change in sentiment over riskier tech stocks We should expect a sell...

ratchet-mint

The bull run in 2020 was nothing more than a massive false breakout caused by artificial juicing of the markets by the FED and GOV. From long term perspective, we see that SPY is current at the top of its regular trading range that was set back in 2009. There has been a few false breakouts above and below the trend since 2009 The is showing the support...

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AMZN has made a very Bearish signal by breaking out upwards during an already bullish trend. This creates an unsustainable climb requiring a course correction downward. Once a trend has been defined up, if the stock breaks out of resistance line above, then it is very likely to fall. In reverse, if the stock breaks below a doawnward trend, expect a bounce...

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DG recently broke through its downward trend and touched its support line to bounce off upwardly. DG has an inverse trend to the market due to its budget focused audience. During poor economies DG should rise. DG sold off quiet a bit as traders became optimistic about the markets conditions in early 2023 Lately new fears of recession are forming making DG...