AdamWest

AdamWest Updated 

TSLA looks toppy. VIX looks bottomy. DXY looks flaggy. SPY looks wedgie. Target 409 ish

AdamWest Updated 

PYPL is overbought here on the RSI and there is hidden bearish divergence between the last two peaks.

AdamWest

BABA really obeyed the channel on its descent and when it bounced it immediately began retracing its journey from its nadir. Hard to say what confluence of fundamental events surrounding Jack Ma and ANT IPO and Chinese regulation really did the dent in the price action, but BABA was more or less overbought on the 1hr timeframe according to the RSI in October....

AdamWest Updated 

Pretty self explanatory, curved support line seems to have affected a bounce on this paypal dip. I have longed the bounce as ~240 has functioned well as support before.

AdamWest Updated 

I still think we could see break of symm triangle that has been forming for quite some time. Gap fill today and contemporaneous support find at SMA means amazon is ripe for such a move and has one less thing holding it back. Don't get caught on the sidelines.

AdamWest

Bought the dip on AMZN around 3126. Perfect gap fill, catch the bounce up for a little profit.

AdamWest Updated 

PT 3510 I think this is a bearish pennant here and we are reversing the bull pattern as market fundamentals come into play. We had no business being anywhere close to ATH between COVID, shutdowns and election drama. I suspect that Asian session will sell US stocks when they see new shutdown announcements and we may even wake to a gap down in the S&P. Maybe I...

AdamWest

Bearish divergence. History repeats itself.

AdamWest

Looks like AAPL is still bullish after catching support on the at 131.20, bouncing from one of the SMA's on one of the minute intervals, one of the fib intervals comprising the big movement down earlier today. I don't see a descending triangle or anyway to confirm that this is a bear pennant. It's also difficult to say if we have an inverted head and...

AdamWest Updated 

Been watching this sucker and have calls i bought at 341. Lord give me that sweet break.

AdamWest

Cool rally from lows yesterday after AMZN found support at 3080-ish. My previous belief that support would hold at 3105 was shattered by that tech sell-off. Are we going to continue selling-off on tech after this bullish day? Who knows, but lots of press on Bezos, a record ER beat, and ATH's in recent history makes me believe if NQ stays bullish AMZN will run....

AdamWest Updated 

I am seeing the range at which AMZN trades consolidate and trade above the 50% on the Fibonacci retracement. The last week, AMZN has bounced up from 3105-3110 range with little difficulty. I have seen speculation as to whether we have had a cup n handle form and that I am not sure about, but the curved line below recent price movement within the ascending...

AdamWest Updated 

After a double bottom and what looks like a pennant, we could see a breakout to newer highs. Sorry, I didn't spend a lot of time on this chart. Support around 1.86 - 1.88

AdamWest

Despite the good volume, VSTM couldn't keep gains made during the day and has a bearish looking candlestick at close. Don't like the shooting star.

AdamWest

Is this the reversal bulls have been waiting for?

AdamWest

I think a reversal is in store looking at ADX and bearish hammer at top of graph.

AdamWest

It looks like a pattern of slight trend reversal has ended this last week, with MACD not yet beginning to converge for another downward cross. Movement within Bollinger Bands last week also looked good for bulls going into the week of 6/19. You could definitely see AVIR above .60 if it gets more than a dead cat bounce off of the .51