To The Moon

Hi everyone. Today I’ll be updating my TA on an e-commerce stock: Shopify Inc. (NYSE: SHOP) SHOP is trading in an ascending broadening wedge expansion pattern with higher highs and higher lows. Hidden bullish divergence is forming as the stock retests its support trendline (in orange). However, it is bounded by the red resistance trendline. Notice how the past 2 swings have led to > 61.8% retracements of the swing moves up. In other words, this move was coming after it made a top at 91.57. On the daily chart, we are seeing some signs of reversal as volume is coming in at the lows, suggesting that buyers are stepping in. We are also forming somewhat of equal lows on RSI, which is indicative of bullish divergence and an imminent reversal. However, the stock needs to hold its current str

Hi everyone. The last time I issued an update on this cryptocurrency miner was about a month ago. Here’s my updated TA: Marathon Digital Holdings, Inc. (NASDAQ: MARA) Instead of trying to look at smaller fractals, let’s look at the larger fractal. Consider the ascending support and resistance trendlines (in green) which form somewhat of an expansion pattern. Notice how in the short-term, the stock is trading in a bearish ascending channel (in red) which is indicative of another leg down. Similar to my previous newsletter on MARA, at the minimum, I am expecting the 13.70-14.07 gap to fill. As we have seen from the last major correction on MARA ending in Oct’23, price action remained muted until the stock filled the 7.21-7.49 gap from Mar’23. I am expecting something similar here. The main

Hi everyone. Today I’ll be sharing 2 possible scenarios for Buffett’s favourite stock: Apple Inc. (NASDAQ: AAPL) AAPL has been trading in a series of higher highs and higher lows. Notice how it has held the dark green support trendline since 2018. AAPL is currently trading in what seems to be a descending broadening wedge reversal pattern, after making new ATHs at 199.62. What happens next largely depends on the reaction at the 186 level: Under the “bullish scenario”, AAPL breaks out and heads towards 198.23 to form what could possibly be the right shoulder in a head and shoulders pattern. If this happens, we can see a longer consolidation pattern. Under the “bearish scenario”, AAPL rejects at this 186 level and heads back down towards the 158-159 bullish gap from March last year. This s

Hi everyone. I’ll also be initiating coverage on a semiconductor company in Singapore: AEM Holdings Ltd. (SGX: AWX) AEM’s chart looks really weak. And I mean it. Here’s why: AEM formed a head and shoulders topping pattern (see if you can spot it - I won’t be pointing it out as it has already completed this pattern) previously. Subsequently, it broke down from a 7-year support trendline (green) in February, and has not been able to break above its 3-year resistance trendline (red). Until the latter is broken, it will continue to trade in a series of lower highs and lower lows. We appear to be nearing a short-term bottom, as we set to retest prior resistance at 1.89 from above. This should result in an S/R flip that can lead to a “bear market”-style retracement to 2.83 (prior support-turned

Hi everyone. After a long break, I will be initiating coverage on a cryptocurrency exchange: Coinbase Global, Inc. (NASDAQ: COIN) On the weekly timeframe, we’ve seen this setup before. It is a massive rounding bottom setup. We’re currently in the midst of a consolidation phase before making the next leg higher, and that’s the focus of today’s newsletter. On the daily timeframe, COIN is trading in a bullish descending channel that is likely to find support at the 168.40 daily imbalance as well as the blue Oct’23 ascending trendline. It has currently retraced about 50% of its move up from 114.51 (most recent swing low) to 283.48 (most recent swing high). However, an analysis of the past 4 swings to the upside suggests that COIN retraces at least 61.8% of its moves up, which places minimal

Hi everyone! Been away for a while as I’ve been on a break. Here’s an update on the most-watched ETF: SPDR S&P 500 ETF Trust (ARCA: SPY) After watching SPY’s price action for several weeks, I am now of the opinion that SPY is merely repeating July 2023’s 3-month pullback fractal, which gives me a final price target of 453.52 for the downside over the next few months. However, why is the price action similar? If you draw a trendline, you’ll notice a resistance trendline that has resulted in lower highs and lower lows. We’ve just broken above this resistance trendline as seen above. The July 2023 pullback also had similar price action at the start. We’re also trading in a bearish ascending channel pattern that is forming higher highs and lows, similar to the July 2023 pullback. The nex

Hi everyone! Charting a new stock today: Oracle Corporation (NYSE: ORCL) ORCL’s weekly chart shows it in a traditional uptrend pattern with a series of higher highs and higher lows. It made a new ATH in the week of 18th March on lower volume than the bullish engulfing candle the week before, suggesting profit-taking was taking place rather than a significant topping cycle. The daily chart better reflects how ORCL is trading in a short-term ascending channel with higher highs and higher lows. We are likely going to see a retest of prior resistance at 120.09 before a move higher, in what should be an S/R flip there before a move higher. Taking a swing low of 39.71 (COVID-19) and a swing high of 104.36 (prior ATHs before bear market), I note that we have the 1.618 Fib extension situated at

Hi everyone! Today let’s look at a cryptocurrency miner: Marathon Digital Holdings, Inc. (NASDAQ: MARA) The stock broke below its ascending channel (which I was tracking previously). This means that a retest of the 13.70-14.07 area is likely in the coming days. I have drawn a green ascending trendline, based on the higher lows that we made last year from October onwards. A break below this green TL is suggestive of a move down to the next supports at 12.28 and 10.48. If we break below all 3 areas, then it is very likely that we have seen a notable shift in structure in MARA to the bearish side. It is only fair for miners to be discounted relative to underlying BTC. As I mentioned in my previous article on MARA, the halving event is a short-term headwind and a long-term tailwind. Investor

Hi everyone. I am going to start a series on swing trading, exclusively on this platform. I think this caters more to traders over investors. We’ll be looking at a trade setup on Ford (NYSE: F) today: It is currently trading in a multi-day falling wedge pattern on the daily. Let’s zoom in and see the trend on the lower timeframes, since the big picture tells me that F is consolidating over 13.03 support. On the 2h timeframe, notice divergences forming on F. There’s a hidden bullish divergence, that is swiftly followed by a regular bullish divergence. This validates the falling wedge lower trendline - it is now likely we will see a push back up towards 13.60s over the next few sessions. Whether we break out or not in the same session is up for debate. But given that the range is fast tig

*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