The great Paul Tudor Jones once said, “Losers average losers”.In this trade, I will be ‘averaging down” a winning trade. Below you can find my original trade and analysis.https://www.tradingview.com/chart/AMZN/pQDyszP5-AMZN-6-6-2022/Sad to see what happened to the bag holding fanboy “investors” who bought the AMZN stock split. They say its ok because they’ll be up in 10 years LOL.$Amazon.com(AMZN)$ Daily Chart AnalysisAMZN currently finds itself in a downtrend. Since touching low of 102, price has started to move sideways.During this sideways movement, price has taken form of a Head & Shoulders pattern.You want high probability short trade? Trade bearish patterns in existing Downtrends.We are currently in Downtrend and pr
$Apple(AAPL)$ Rotten ApplesBack in March 24th, 2022, I wrote a nice piece on AAPL( https://www.tradingview.com/chart/AAPL/lP0G6zrl-APPL-3-24-22/)During that time,AAPLhad posted 8 consecutive green days and the bag holding fanboys were full of hope buying it up.In this writeup, I compared the AAPL’s 2008 chart vs 2022s. The similarities were incredible. Even what was going on in the world during that time.Since the time of the writing, AAPL’s 2022 chart has followed the exact route of the 2008’s.Let’s see where we stand today.$Apple(AAPL)$ Daily Chart AnalysisAfter seeing its Uptrend top out at 180 back in January 2022,AAPLentered a sideways range between 150-180.
$Alibaba(BABA)$ - Daily Chart Analysishttps://www.tradingview.com/chart/BABA/v40LW9rm-BABA-6-19-2022/This one is not looking good for buyers. End of October 2020 saw BABA reach all-time high around 319. This was the last time price saw this high.By Mid November 2020, price dropped and fell below the 50ema. This was very important because the 50ema was acting as Dynamic Support throughout the entire previous uptrend. This signaled weakness and possible end of uptrend for BABA. By January 2020, price had fallen to 221. That was more than a 40% drop from the all-time highs back in October 2020.At 221, price found Support and bounced. The bounce up failed to make a higher high and price found Resistance at 269.At this 269-resistan
$NIO Inc.(NIO)$ Daily chart analysishttps://www.tradingview.com/chart/SPY/cpUAgslv-SPY-6-7-2022/Enter the matrix, this NIO is not the “one”.NIO had its fun moving upwards. The Uptrend started Jun.’20 at around 4.00 and continued moving upwards reaching 55.00 by Nov.’20 all while respecting the 50ema.By Dec.’20, price made a sharp drop and fell to 39. It was caught by 50ema where it rebounded, and price broke out and moved above 55 to all time highs. Unfortunately, price was unable to hold the breakout and on Feb’21, it fell back below 55 and closed below the 50ema. This deemed the breakout move a “false breakout” and close below 50ema signaled the possible end of the uptrend.After closing below 50ema, price fell to 34 where it