Twitter Inc (NYSE:TWTR) has pulled back into major support for investors looking to buy. The exact entry would be $18.50. The current price of Twitter is $18.62, -0.36 (-1.90%). The reason for the…Continue
Did you see the price action this past Friday in Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX)? Both stocks were down sharply even though oil was up on the day. Any…Continue
Oil collapsed during the regular trading session and continues to fall overnight. Oil had hit a key 61.8% Fibonacci retrace level to the upside this past Friday, which signaled the likely fall.…Continue
It may sound crazy, but I assure you it is likely. Amazon just broke key support of a upward-sloping trend line and is now beginning a bear market move. The target is $600.00. If you think about it…Continue
Did you see the price action on Alibaba Group Holding Ltd (NYSE:BABA) today? The stock opened sharply higher before seeing about 1 hour of hard, heavy selling. This took the stock from a big gain to negative. After the first hour, Alibaba has slowly floated higher back to the flat line and slightly positive on extremely light volume.
So what does this mean? Why is it so significant? The heavy volume selling which last an hour was major institutions unloading. They always sell…Continue
Using a measured move method, I calculated the probable top on Twilio Inc (NYSE:TWLO). The stock will continue to squeeze higher until $83.00. The current price is $69.75. The method used is simple when you have a daily chart that has a big move higher, then a long consolidation pattern and another big move in progress. Simply take the low to high of the first move (on TWLO approximately $30) and add that amount to the low of the next move in progress. The low of the current move on TWLO is…Continue
Oil is setting up for the start of a 50% move in the next week. With the triangle pattern on the commodity chart coming to a head, oil will either have to breakout or breakdown. This will be the start of a monster move that every trader should be in. If oil breaks out of the triangle pattern, spot crude will head to $64. If oil breaks down out of the triangle pattern, it will head to $28. In other words, whatever the direction break, there is either 50% upside or downside. Catch this trade…Continue
Tempur Sealy International Inc (NYSE:TPX) is diving lower on a weak outlook. The stock is crashing after-hours, trading at $-17.75 (-23.84%). I am going to be focussing on a key support level tomorrow to buy Tempur Sealy. The level is $49.85. This is a double bottom level and a breach of $50, which will work as a spring to pop it back up. This could be good for $1-$3 upside tomorrow alone, should it trigger.