To The Moon

Hi everyone, here’s the free newsletter for the week! MARA Holdings, Inc. (NASDAQ: MARA) Since 2020, MARA has been forming a series of higher lows, although it has yet to form a higher high since peaking at 83.45 in Nov’21. Upside has also been limited due to the resistance trendline (in blue) from the peak. However, the monthly Stochastic is about to complete a bullish crossover, subject to this month’s candle (similar to AMD). The weekly Stochastic is heading into extreme overbought levels, while RSI is curling back to the upside. Since Dec’23, the range on MARA has gotten tighter and tighter. We have been seeing consolidation for over a year in this descending channel (in red), with lower highs and lower lows. However, we might be seeing a change in character here. We can see 2 bearish

Hi everyone. Today we’re going to be looking at a cybersecurity company: Cloudflare, Inc. (NYSE: NET) NET has been trading in a series of higher highs and higher lows since IPO. Following the 2021 high, NET has fallen back into its IPO support trendline (in purple). NET’s move higher from its IPO support trendline was led by a trend markup. However, the stock since broke below its trend (in dark green) and has since been supported by its secondary trendline (in light green). However, given that these are shorter-term trends, they can break provided we do not lose the “master” trend on NET (in purple). We can see that the key resistance now is the 116-122.13 area, which was strong resistance in 2022, and also a strong resistance in February this year after earnings. NET is currently basing

Hi everyone. Today I’ll be updating my TA on a footwear company that I’ve covered previously: Crocs, Inc. (NASDAQ: CROX) CROX has been in a long-term uptrend since 2008, with a series of higher highs and higher lows and a long-term support trendline (in purple). It has been consolidating in a pennant formation since 2021, including a failed breakout in Apr’23. However, in Mar’24, CROX finally broke out of consolidation. It is now retesting the breakout from above and coming back into the 104.62 level, which was a gap-up level that has previously acted as support. The thesis is simple - if 104.62 holds, then we can expect a move back to ATH next. However, if 104.62 fails, then we are headed back into 96.02 gap-up support and subsequently back to the daily POC which currently sits around 77.

Hi everyone. Today I’ll be analysing a FinTech company: UP Fintech Holding Limited (NASDAQ: TIGR) TIGR has been basing for over 2 years between in a 3+ point range, with strong resistance at 5.80. When China announced a fresh round of quantitative easing measures in September, TIGR was a beneficiary of this news, and ripped above the 5.80 resistance that capped its upside for over 2 years. Since then, TIGR has been in a controlled selling phase back into prior resistance. The interesting thing is that most of the volume on it came at highs. This sell-off has been comparatively weak, and has not breached 5.80. If we look at more recent price action, TIGR actually found a short-term low at the 78.6% Fib retracement (not pictured here) at 5.87, taking the swing low of 3.39 and high of 14.48.

Hi everyone. Today I’ll be covering one of the most well-known AI and semiconductor companies in the world: Advanced Micro Devices Inc. (NASDAQ: AMD) AMD has been in a long-term uptrend since 1974, with a series of higher highs and higher lows. In 2016, a steeper support trendline formed, with the move greatly accelerating to the upside. Based on the current monthly candle, we are set for a bullish Stochastic crossover for the first time since Nov’23 (subject to earnings on the 29th and the monthly candle close). The last 2 bullish crossovers have led to 100% returns (or higher). AMD has been consolidating below the red resistance trendline since March. It finally broke out of this trendline in September, and has spent the past 3 weeks retesting the breakout on gradually declining volume.

Hi everyone. Today I’ll be discussing about a fitness and energy beverages company: Celsius Holdings, Inc. (NASDAQ: CELH) CELH was previously listed on the OTC markets before IPO’ing in 2017 on the NASDAQ. The green support trendline turned into resistance in 2010 before being flipped back into support in 2020. It also has a long-term trendline in place since 2013. On the whole, the stock has been making higher highs and higher lows since 2013, which are signs of a healthy uptrend. If we focus on more recent price action, we can the largest ever volume on record coming in 2 weeks ago at the support trendline. Institutions are actively accumulating this even though it has been in a bear market for over a year. A bullish stochastic crossover took place the same week. This is a strong signal

Hi everyone. Today I’ll be covering a software company: Adobe Inc. (NASDAQ: ADBE) On the monthly chart, we can see that ADBE is clearly in a long-term bullish uptrend since its IPO in 1987 with higher highs and higher lows. The current RSI of a lower high and higher low is mimicking the shorter-term consolidation pattern on ADBE, which I’ll get to in a second. On the weekly chart, we can see the bullish pennant consolidation pattern that we saw on RSI with lower highs and higher lows. We’re nearing a bullish crossover event on the Stochastic that could lead to a reversal from current levels. On the daily chart, I note that ADBE does not have a tendency to show divergences on RSI. Something I noticed with time is that not all stocks have such salient reversal indicators. That being said, th

Hi everyone. Today I’ll be covering one of the Magnificent 7: Tesla, Inc. (NASDAQ: TSLA) On the monthly chart, we can see that TSLA is clearly in a long-term bullish uptrend, continuously forming a series of higher highs and higher lows. Since its IPO, it has experienced several trend markups (purple → blue → green). Since 2020, TSLA has been consolidating and compressing within a bullish pennant pattern. Despite all the bearish headlines and the massive selloff the stock endured in 2023, it has remained resilient and continued to form higher lows. That in itself is a result of continued institutional accumulation. Recently, TSLA attempted to break out of this pattern and push above the resistance trendline (in red). It succeeded briefly but was sold down into its short term support trendl

Hi everyone. Today, I’m covering one of the largest producers of aluminum in the world: Alcoa Corporation (NYSE: AA) The monthly chart shows AA with a series of equal highs around the 98-100 area, albeit with a series of long-term higher lows since 1972. This suggests long-term consolidation within a range that gradually gets tighter and tighter with time. The Stochastic made its first bullish crossover in several months following September’s large engulfing candle. Thus far, we have seen consolidation within last month’s range. We can also see a shorter-term bullish megaphone pattern (higher highs, lower lows) that found support at the newly-confirmed 1972 trendline. The weekly chart shows a breakout from the Mar’22 resistance trendline (in pink), and a support trendline dating back to Ju

Hi everyone. Today I’ll be looking at a beleaguered company: The Boeing Company (NYSE: BA) BA’s chart is nothing short of phenomenal. It is retesting a 48-year (since 1976) support trendline. The company is facing a raft of issues, including machinist strikes (causing production of Boeing 737, 777 and 767 jets to be halted), production quality and safety issues, as well as mounting debt. If we zoom in on the weekly chart, we can see BA consolidating in a symmetrical triangle pattern with lower highs and higher lows. More recently, it has been moving in a “coiled spring”-type falling wedge pattern as we wait for the machinists to approve a new contract with Boeing. The strikes have proven costly to BA’s valuation as it is expected to cost the company about US$3b, referencing the 2008 strike