UPDATE January 25
Another quick update. GDP and Jobless Claims come out before open. I believe there is a little more upside in this move. Watch support to see if it holds. If support holds we should move up. On the flip side, watch resistance. Don't hold positions too long. The key with squeezes is to be early. Get in early and out early, don't get greedy, take profits often. Here we go...
We could squeeze into 18000, but I think we fall short this time. We could have topped yesterday. I don't believe so. as long as we hold above 17500, we should continue to move up. If we drop below 17500, then 17000 is the next support. We could drop today and then move up. As long as support holds, we should move up.
I'm looking for 432 to 435 as my top target. After that we should see downside. We could have topped yesterday, I'm watching 424 after GDP is released. I don't care about the GDP numbers. I only want to see how the stock reacts. If we shoot up, then YEAH! I'm watching 435 to exit. If we drop, I'm looking for 424 to hold. if it does not, I'm waiting for 422 below 422, and there is not much until 412.
Some stocks
I mentioned yesterday that it needed to hold 203.20, it did not. Now we wait and see if it can reclaim it.
A big drop and gap down. Let's see how investors react. Price is low, it can go lower, to about 172. I wouldn't expect that now, it's possible but I'm not sure. I want to see how today goes. I suspect rather flat. I expect large upside in the future. but where to get the bottom 🤔 It was forming a bottom before earnings. I'm waiting to see if those bottom buyers continue or if they are deterred by the earnings call.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
8695Followers
223Following
40KVisitors
Follow