*TA as of 3/4/24 Hi everyone! Today I’ll be covering a stock close to home: Sea Limited (NYSE: SE) SE was a pandemic darling with bags of promise as the stock received upgrade after upgrade. However, as the world returned to normalcy, it fell out of favour with investors. The breaking point was the time it broke its long-term trendline in May’22, as it continued to trend lower, to as low as 35 a share. From the weekly chart, it is apparent that it was trading in a falling wedge reversal pattern with lower highs and lower lows, albeit with a tightening range. It hit an inflexion point when it formed a bullish divergence pattern on the weekly, which has cumulated in a breakout from the rising wedge. On the daily chart, we can see that bearish divergence marked a short-term top, as the stoc

Hi everyone! Today I’ll be updating my TA for another retail darling: Palantir Technologies Inc. (NYSE: PLTR) I nailed the end target for this move, as PLTR strongly rejected the 27.11 level (refer to Watchlist [36]). The stock is now in danger of forming a larger weekly bearish divergence pattern that could see a deeper pullback. I have marked out 3 major levels that were prior resistances, namely 21.85, 20.24 and 18.22. All 3 levels were strong support levels in 2021, but soon turned into overhead resistances between 2022-2023. Interestingly enough, all 3 levels also happen to rest near the 50%, 61.8% and 78.6% Fib retracements respectively, given a swing high of 27.50 and a swing low of 15.66. The potential saving grace for PLTR? The possibility of a third leg of hidden bullish diverge

*TA as of 11/3/24 Hi everyone, today I’ll be updating my TA for a legacy automaker which I last covered a long time ago: Ford Motor Company (NYSE: F) F is trading in a long-term bullish rounding bottom setup - notice how “perfect” the bottoms have been thus far. Just by looking at the monthly setup, it is pretty evident where the long-term target is situated - namely the 31.37 imbalance from 2001! Moreover, notice the falling wedge (orange trendlines) setup back into the rounding bottom support, which we’ll cover in greater detail below. On the weekly chart, we can see that F has been trading in a falling wedge consolidation pattern since… January 2022! It has been more than 2 years of mindless chop. However, in January this year, F broke out of the falling wedge on increased volume and

*TA as of 11/3/24 Hi everyone, today I’ll be updating my TA for a pharmacy store chain: Walgreens Boots Alliance, Inc. (NASDAQ: WBA) *I last charted WBA a long time ago. Consider this newsletter the latest forecast on WBA’s price action in the coming months. WBA is trading in a large falling wedge pattern, forming lower highs and (marginally lower) lows over the past 20 years. The most notable sign of reversal has appeared with the formation of a bullish divergence on the monthly chart. Moreover, the stock has corrected more than 78.6% from highs. On the weekly chart, I noticed a possible ascending broadening wedge expansion pattern forming at lows. Weekly also hit 22.70 in September 2023, which has been a reliable reversal level since 1968. On the daily chart, we can see the expansion

Hi everyone! Let’s look at another biotech company: *TA as of 4/3/24 Moderna, Inc. (NASDAQ: MRNA) *I have charted MRNA a long time ago. Consider this newsletter the latest forecast on MRNA’s price action in the coming months. On the weekly chart, there are several things to unpack. Firstly, MRNA is making a series of long-term higher lows (blue ascending trendline). It is trading in a potential expanding triangle pattern (purple trendlines). It has previously been bounded by lower highs, with a resistance trendline that formed over the past 2 years (red descending trendline) However, it has since broken out of this trendline, and is now trading in a shorter-term ascending channel from its higher low (green trendline). Note the large hidden bullish divergence that has formed over this ent

Hi everyone! Today we’ll look at a coffeehouse chain that everyone knows: Starbucks Corporation (NASDAQ: SBUX) SBUX has been holding this pink trendline since the GFC in 2008, and forming a series of higher highs and higher lows. Recently, the stock has been consolidating in what appears to be a common occurrence in recent times - a symmetrical triangle consolidation pattern with lower highs and higher lows. The stock moved from 70.35 to 115.48 from May 2022 to May 2023, forming a lower high in the wider pattern. It has since retraced about 50% of its move up, and is currently consolidating around the 92-93 area. Something incredibly interesting in SBUX’s chart is that you can see smaller consolidations within a larger consolidation pattern: Note the main consolidation (red), the medium