Trader_Mayhem

Trader_Mayhem

Hey everyone, technical analysis is mostly subjective and helps give us an indication, however I want to remind people to enjoy this price action and not get too involved in trying to make sense of it. Have fun!

Trader_Mayhem

I think Ulta bounces off the trendline here and heads back to the $462-$465 range to complete the Harmonic. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

This is without a doubt one of the most polarizing stocks on the market. Whether you love it or hate it, you probably have an opinion on it. I do believe that Tesla in the next 5-10 years will be a monster, however, after that earnings call, it feels as if it's losing steam for the short term. Not only were the earnings a double miss, but it was combined with a...

Trader_Mayhem

Lulu has taken a beating recently, but it now is trading at it's lowest PE ratio since 2017, and I expect it to bounce off this trend. This, to me, is a GREAT opportunity to add a long position. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

HOOD had solid earnings, and broke a key trend on the weekly. This looks EXTREMELY bullish! Not financial advice, good luck to all :)

Trader_Mayhem

I believe MSFT is very bullish according to the trend and the harmonic. I think we can expect this to be 435+ in the very near future. Not financial advice, good luck to all :)

Trader_Mayhem

Apple is now on the 21 monthly EMA after dropping 4% today. Folks, it's Apple.. Up to you if you want to trade it, but you should definitely own it! Not financial advice, good luck to all :)

Trader_Mayhem

UNH has been getting wrecked recently due to news, but this is still a powerhouse play when it comes to healthcare. I'm going long here. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

There's a chance this take doesn't age well after earnings, but I'm still bullish on NVDA! This pullback seems to be the perfect retest before another launch. Not financial advice, good luck to all :)

Trader_Mayhem

HD has been on a run recently but I don't think it's close to finished. I think long term this is trending to 470 to complete the Harmonic. Long! Not financial advice, good luck to all :)

Trader_Mayhem

Underwhelming week for google compared to the rest of the market, but the bullish case is still intact when we look at the Harmonic and the trendline. Not financial advice, good luck to all :)

Trader_Mayhem

We're approaching not one, but two trendlines here. A rising wedge dating back to November 2023, and a trendline dating all the way back to October 2022. New bull market incoming? A correction to the downside incoming? Time will tell. Hopefully this visual can be helpful to some. Not financial advice, good luck to all :)

Trader_Mayhem

Spirit took a massive hit recently after the JetBlue merger, but using recent weekly trendlines I think this is actually shaping out to have a nice recovery. Not financial advice, good luck to all :)

Trader_Mayhem

I think UPS will bounce here on upcoming earnings and go up.

Trader_Mayhem

My guess is that it's more likely to break the trendline and go bearish, but if it breaks 300 it could get momentum to keep going. Either way, here's a visual of what we're looking at. Not financial advice, good luck to all :)

Trader_Mayhem

Usually the 20 SMA and the MACD turning bearish has been a good combination in identifying trend reversals. I think QQQ could see the 370's again.

Trader_Mayhem

If you're swinging calls short term, then congrats on the crazy rise. And who knows, it could go to $40 in the short term. If you're a long term investor however, the inevitable will eventually catch up to this company. This company is not profitable, and they keep being super aggressive and increasing their losses as they generate more revenue. In a climate...

Trader_Mayhem Updated 

Market rally has taken Tesla up with it, but even Elon stated during the Earnings Call (miss) that higher interest rates and the current economy is not ideal for Tesla